Where Does Crony Capitalism Come From?

Stansberry Investor Hour

Stansberry Research

America, How, To, Crash, Money, Learn, Stansberry, Income, Research, Debt, Stocks, Porter, Business, Realestate, Banking, Investment, American, Investing, Invest, Howtosave, Sjuggerud, Ferris, Eifrig, Jubilee, Buck, Sexton, Market, Bonds, Churchouse, Savings, Options, Lashmet

4.4 • 677 Ratings

🗓️ 27 August 2020

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Bloomberg recently reported that the Federal Reserve is likely to hold interest rates at 0% for the next 5 years...

Whether rates are kept at zero for the full 5 years or not is speculation at this point, but this announcement is bad news for savers and send a clear message to borrowers to keep it going.

And during this week's interview, Dan sits down for a conversation with Nick Sorrentino, co-founder of Against Crony Capitalism and the editor of ac2news.com. Nick works as a political and communications consultant whose clients have spanned the political spectrum.

Dan and Nick spend their time discussing how we got to this insane level of cronyism in the government and the corporate world. Can anything be done to stop it?

Listen to all this and more on this week’s new episode.

Transcript

Click on a timestamp to play from that location

0:00.0	Broadcasting from the Investor Hour Studios and all around the world, you're listening to the
0:06.2	Stansberry Investor Hour.
0:11.9	Tune in each Thursday on iTunes, Google Play, and everywhere you find podcasts for the latest
0:17.3	episodes of the Stansberry Investor Hour.
0:20.1	Sign up for the free show archive at InvestorHour.com.
0:23.6	Here's your host, Dan Ferris.
0:26.6	Hello and welcome to the Stansberry Investor Hour.
0:29.6	I'm your host, Dan Ferris.
0:30.6	I'm also the editor of Extreme Value published by Stansberry Research.
0:34.6	Today we'll talk with Nick Sorrentino.
0:44.0	He's from the Against Crony Capitalism website, and that will be our topic.
0:47.1	Stick around and get angry about it with us, man.
0:52.6	This week in the mailbag, we have a fantastic mailbag with tons of great block-and-tackle investment questions about cash, gold, the insurance
0:55.9	industry, stock buybacks, and more. In my opening rant, I'll give you two choices about how
1:02.9	you can hold your savings. Now that it looks like the Federal Reserve has thrown up his hands
1:08.0	and told the whole world that he does not know what to do.
1:11.6	That and more right now on the Stansberry Investor Hour.
1:19.8	So here's the big news this week.
1:24.0	Bloomberg is reporting that the Federal Reserve is likely to hold interest rates at zero for five years.
1:34.6	Now, the Fed hasn't made this announcement yet.
1:37.6	In fact, by the time you're hearing my voice, maybe they may have made it, maybe not.
1:42.9	I'm not sure.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Stansberry Research, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Stansberry Research and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.