time that the big bill america paid in 20 08 with bob ruben and alan greenspan in the 90s, create currencies, borrow money against it, create the debt and be wonderful and greece and europe is the subprime bar, give people all this money? are you crazy? and now the big bill coming through, only three people that can pay it, for the audience at home, make this easy for everybody. big bill coming due in europe, 100 billion, who knows, three rich uncles left that can pay the bill, the first rich uncle, who is the one facing now, is ultimately the ecb, printing your rose and sort of working with this, they are the rich uncle keep this thing together. yeah. and now there s talk of trying to go to the german rich uncle, the people of germany. why should the people of germany stay in why should they play? dylan, i will explain it to you very simply. it is the only rational solution. bill? uncle germany? uncle i don t mean to put words in your mouth. but the german taxpayer? i
everything it can in its power to keep the republic going and now you also have to look at emerging economies around the world like charles say, india, china, huge developing middle classes and that s why 50% of all the s & p profits have some form of release. and your explanation? i m sorry, i don t agree. i m not on the bull rally we have rolling here. and we have a big bill coming due and the federal government pumped a ton of money into the economy and lots of liquidity and at the end of the day we ll have inflation and that s not good for stocks. look back to 1974, inflation was up 12% and we can t imagine that now, 12%. what 12% inflation, are you? no, but i m giving you an example, trying to illustrate the report, inflation kills stocks and stocks were down 27% that year and other things were going on, but the reality is inflation could be a big hurt on the stock market and for the economy. come into it, adam and explain to me why we ve got a rip roaring market and