No, the economy is not doing well despite what you might hear in the mainstream media and out of the mouths of many politicians. Debt is high, we have endured a high level of inflation over the past three years, gas and food prices are still high and the economic outlook is not exactly bright considering the proverbial piper must be paid when the effects of easing, policy and massive government debt come to a critical mass. This could see the U.S. dealing with a 1970s-style Stagflation. How close are we and what can you do to protect yourself?
Not only are we heading toward stagflation, the Big Boys like Jeff Bezos and Elon Musk have been dumping stock — from the companies they founded. They know something, so should we be wary?
Swiss America CEO Dean Heskin and Mike Weiner unravel the web if economic policy vs. outlook, why we could be headed toward stagflatoin and the ways to defend yourself financially if it happens on The Secret War on Cash.
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Articles referred to in this podcast:
US heading to 1970s-style stagflation, JPMorgan Chase strategists warn (newsbreak.com)
The Great Cashout—Jeff Bezos, Leon Black, Jamie Dimon, and the Walton family have now sold a combined $11 billion in company stock this month— some for the first time ever (aol.com)
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