The Economic Truth Report 34: The Free Market Is Dead w/Chris Galizio

In this episode, I interview former Fidelity Investment fund manager Chris Galizio. Executive Producer of "Money Game," grew Fidelity Focused Growth to over $7 Billion in assets.

Chris is an experienced institutional portfolio manager with 30+ years and a long track record of successfully managing large-cap growth portfolios. He is skilled in Capital Markets, Portfolio Management, Mutual Funds, Hedge Funds, and Investments. He is a finance professional with a Master of Business Administration - MBA focused in Finance from the University of Illinois at Urbana-Champaign.

For the last three years, he has also run his fund Focused Capital Investment, preparing for the inevitable.

We talk about Chris's movie The Money Game and the entertainment piece put in it to educate people while being entertained. Chris believes this movie is his legacy to stop what we both believe could be the next pendulum swing to authoritarian regimes and totalitarianism in the US and most Western nations.

John and Chris go into the breakaway financialization of the markets that no longer need fundamentals, which is a pure financing debt mechanism to keep the monetary system alive.

We go into the many stocks that don't make sense but have massive valuations and disregard their indebtedness.

We talk about how central planning has created all the zombie corporations that need more debt to survive and hype up stocks to get higher valuations to buy back stocks then or get more debt.

We go into the massive misallocation of capital due to the FEDs and the Government's central planning.

We discuss how ETFs might be the next big bailout as there will be few buyers when the passive investment behemoth starts selling assets instead of buying.

We talk about the real economy and how it has been left behind.

We see how many commodity stocks are trading at historically low P/E ratios and without debt.

We see what Chris sees as a potential 2024 sovereign debt crisis in the US.

This and much more in this episode!

Find out more about Chris here:

https://www.linkedin.com/in/chris-galizio-2a4b9a2a/

https://twitter.com/chrisgalizio

https://www.imdb.com/title/tt14621692/

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