Jason Burack of Wall St for Main St had on returning guest, Gordon T Long http://www.gordontlong.com/
Gordon is a financial repression expert who has many years of experience working in corporate finance as a Chief Financial Officer (CFO) and as a technology executive and investor. His full bio can be found here: http://www.gordontlong.com/About_Us.htm
During this 40+ minute interview, Jason asks Gordon about why the global credit cycle is tightening and the negative consequences of it happening.
Gordon talks about corporations doing financial engineering to grow earnings without increasing revenues and how leveraged buyouts (LBOs) has exploded since 2008 because of the availability of cheap credit. He thinks the yield curve has been fully distorted to benefit governments, large corporations, big banks and Wall St.
Gordon thinks all of this ties into problems in the bond market, negative interest rates and financial repression.
Next, Jason asks Gordon about the bank stocks collapsing and about a potential stock market crash. Gordon thinks it's likely in the near future and that gold and silver prices have most likely bottomed.
However, Gordon thinks gold will be confiscated or heavily taxed by the US government as it continues to rise in price.
Jason and Gordon discuss how silver may be safer than gold because governments are less likely to confiscate it than gold.
To wrap up the show, Gordon talks about how many more taxes are being layered onto middle class people on Main St, USA and how it will destroy the real economy in the near future until this changes.
