Billionaire DESTROYS *Fed* | Recommends THIS NOW!

hey everyone me kevin here so the bond

king just insulted jerome powell hugely

and you won't believe what he's calling

for it could be bad for the markets but

got some sage advice here so the bond

king is of course the co-founder of

pimco legendary and billionaire investor

bill gross he uh his company runs over

two trillion dollars in assets for

central banks pensions corporations and

sovereign wealth funds and even though

now he's retired he's like 78 years old

he's got a lot of great insight because

he's been through a lot of cycles before

and he talks about how monetary systems

go through these three phases and i'm

gonna speed up his letter a little bit

that just came out but start off with he

says level one is hedge finance which is

kind of like people are like okay yeah

we want to make smart investments we're

gonna analyze the fundamentals but we're

gonna hedge level two is speculative

finance this is just like i'm gonna put

my money in this because it's going to

go up and the number three is just

straight up ponzi finance where the

people putting money in are solely just

paying people who want to get out to get

out right

and so he kind of suggests

and implies that in the last 10 years

we've gotten to ponzi finance

his proof for this is historic price to

earnings ratios for profitless companies

nfts

meme stocks and cryptocurrencies is all

the proof you need that we have

graduated from hedge finance to

speculative finance to straight up ponzi

finance and he's got some big things to

say about this but first before he slams

the fed and gives some advice he says

look

you can't tell me that going from 75

trillion dollars in debt in the country

to

now

uh and this is everybody's debt levels

included right now outstanding credit

not just the government but of people

and businesses

and seeing that balloon from 75 trillion

dollars to 90.5 trillion dollars you

can't say that that is natural and that

that is okay this is his argument he

says it's unreasonable to expect that

this to be

to expect this to be normal and so he

says the big culprits of this sort of

expansion of credit are really uh

politicians and the federal reserve whom

he calls completely ignorant he says

that the federal reserve should have

never kept yields or rates at zero for

as long as they had and slams them for

still buying bonds as recently as may of

this year while they're supposed to be

getting started to tapering or getting

started with the tapering and reducing

inflation they're still injecting money

into the economy kind of crazy he goes

on to characterize this this sort of

economy that we're in now as one of meme

apes and to the moon hype but it says

that the reality is the recession is

probably a healthy thing that we need

now to kind of get rid of all this crazy

credit expansion that we've had this

reminds me a lot of ray dalio's

deleveraging cycle and i kind of think

to myself a little bit and i've been

talking to course members about this

pretty regularly about how

we've taken my own personal debt from a

relatively high figure somewhere around

maybe 15 million dollars to under 4

million dollars in total now and that's

because i've sold off a lot of real

estate and now i'm using that cash to

prepare to buy real estate back whether

through the series a that we're

launching in august you can go to met

kevin dot com series a to sign up to

learn more about that when we announce

we're expecting to announce around

august 1st so stay tuned for that uh or

it's just to buy stocks as we go through

volatility and then hopefully ride the

wave of stocks increasing back up slowly

as eventually the federal reserve

u-turns and at the same time buying real

estate as rates are still high those are

some expectations that we have but we're

seeing the de-leveraging ourselves we're

encouraging de-leveraging and we're

seeing that de-leveraging at businesses

now as well not only are you seeing

layoffs i mean rivian just announced

layoffs as well you've got tesla you've

got coinbase i mean any kind of tech

companies either hiring or that was

hiring is now freezing or potentially

laying off and this is actually probably

a

you know a natural thing to go through

but

this here is bill's advice and this was

fascinating so first uh he believes and

he prefaces as he says he's no more

credible than jerome powell here which

he does not seem to like jerome powell

at all uh but he goes on to say but at

least he can offer advice that's maybe a

little bit more honest than jay pals big

slam here on jay pal and he says look

now's not the time

for paul volcker we can't have interest

rates go up to 10

pull the rug on the economy and destroy

us this is not the time to do that this

is the time to get back to a neutral

level of rates as soon as possible we

don't want to just cold turkey the

markets here because we've become so

addicted to cheap credit so now is not

the time for paul volcker he says

instead what he says it's time for is

creating a mild recession to gradually

lower inflation and the way to do that

he says is stop with this crap of 50

basis points or 75 basis points or

whatever

get us to three and a half percent right

now that'll be slightly tighter than

neutral

and that'll slowly push inflation down

and then we can slowly u-turn right now

bond futures markets are only pricing in

three and a half percent by about the

summer of next year which by the summer

of next year my programs on building

your wealth will probably be three to

five to six hundred dollars more

expensive

next summer that's a year from now might

even be more than that it could be as

much as 500 to 600 to 700 more expensive

because we plan out a few months ahead

raise the prices every single month

every few weeks and that's why when we

mentioned this coupon expiring like the

one link down below there is join those

private live streams and all the

lectures that we've just added including

the use of our amazing smart board

within our lectures now which we're so

excited about now in terms of

recommendations for you

bill gross makes this argument against

jim cramer who gets kind of made fun of

in social media a lot as being the

person who anytime he makes a suggestion

you should do the opposite because jim

cramer's always looking for a bull

market somewhere well bill gross says i

don't know about that i don't know if

there's a bull market anywhere right now

he says bonds are at levels which

represent diminished risk but little

reward he says don't buy them he says

stocks must contend with future earnings

disappointments and are not as cheap as

they appear he's not wrong we haven't

had earnings revisions to the downside

yet and once earnings misses come in

we're gonna have a really tough earnings

season earnings season is about to start

q2 earnings are coming out right after

cpi data it's the perfect recipe for

going to the moon i mean having problems

uh so he says don't buy stocks yet and

he says commodities are out of gas in

other words uh we're not seeing the rise

of commodities anymore instead we're

seeing them bleed out and so the

alternatives he say he says nothing he

says right now is the time to be patient

that 12-month treasuries at 2.7 percent

are a better investment for your money

for the next year

and basically be patient personally i

don't know how i feel about the idea of

not being in the stock market for 12

months from now because i feel like if

i'm investing now during these hard

times in 12 months from now and

certainly 24 months from now this should

be pretty dang green who knows could be

wrong but at least that's the way i'm

investing expecting that inflation will

go down eventually the fed will

eventually u-turn and folks

hopefully eventually we'll go back to

the moon and to mars thanks for watching

folks make sure to subscribe check out

the courses link down below and we'll

see in the next one bye