‘Shared hell’ for investors, U.S. debt crisis coming if inflation is not fixed – Michael Gayed

Michael Gayed, Portfolio Manager at Toroso Investments, discusses the potential for the U.S. to face a sovereign debt crisis and the ramifications of sustained inflation with David Lin Anchor for Kitco News.

Has the U.S. Government Ever “Defaulted”?
Follow David Lin on Twitter: @davidlin_TV (
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Follow Michael Gayed on Twitter: @leadlagreport (

0:00 – Sovereign debt crisis
3:45 – Can U.S. afford higher rates?
5:00 – Treasuries’ performance
9:40 – Inflation can create despotism?
14:45 – How to fight inflation?
15:35 – How to reduce national debt?
18:30 – Sovereign debt crisis
21:20 – Investment implications
23:09 – The future of the workforce
28:10 – Retail investing

#inflation #economy #investing

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  1. Michael is opening our eyes on the weak chains in our economy and even leadership. If Michael is right about the coming flock of black swans, we will have a better shape of body. Hopefully, it will teach us to spend less than we earn. The constitution of the US has to add a financial responsibility for all members of the government workers who are guilty in creating a national debt. Our children will see hell earlier than we if we leave them debt 30 trillion dollars. Thank You David for the opportunity to hear the truth from Michael Gayed! Throughout history Americans built a better life by working hard, but now, unfortunately, many are looking for fast, huge and easy money. Theodor Roosevelt said that we have to say (to do) only words that we ready to be responsible for that forever.

  2. Vote in a despot? ARE YOU NUTS? WE ARE ALREADY A Tyrannical Corrupt Government that steals wealth to give to the few. All nations are this. Voting never has worked, we are screwed. Bend over and get the shaft.

  3. "A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the Public Treasury.

    From that moment on the majority always votes for the candidates promising the most benefits from the Public Treasury with a result that a democracy always collapses over loose fiscal policy always followed by dictatorship.

    The average age of the world's greatest civilizations has been 200 years."

    Alexander Fraser Tytler- "Decline and Fall of the Athenian Republic"

  4. The world is never going to get out of this shit of high inflation and debt pump and dump situation until the current fiat system is replaced…but until then it's just a merry-go-round ghost train.
    When bitcoin takes the market cap of gold that is when the system will be forced to change…

  5. The U.S. government could raise taxes if they want to pay down the debt. The federal government also owns 28% of the land in America, which can be sold to reduce the debt.

  6. Gayed is really good with this stuff. But can someone explain how the dollar is strengthening? Is it due to the Fed raising rates? Is it due to the other currencies falling? Is it due to the Fed cutting its balance sheet (whatever that means)? Or something else?

  7. One thing I can never get behind. Giving smartphones to children is detrimental and has led to the mental illness crisis among our youth. People might think its cute and a good babysitter for the child but ultimately they are a hindrance to proper child brain development.

  8. Until they stop printing money and giving it away for free and we begin value peoples time and labor again, nothing will change. And if nothing changes we are on a scary trajectory. I don’t know how to make this more clear to people. This is not a financial conversation even though it is taking place on Kitco. This is social political

  9. We all knew this would happen after the country shut down for COVID. This broke the world's supply chains and caused the inflation we are seeing now. Debt has to hit the world markets at some point. The US is the most indebted nation in history.

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