BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: August 19, 2015
Dr. Swarup comments that the current selloff in commodity prices should be viewed as a buying opportunity and not a selling opportunity. He believes that China is not going to be able to grow, and cites the manipulation of their equity markets as a prime example of a desperate fiscal policy. He cites the deal that the Greeks cut with the ECU and believes that they will be back at the table looking for more cash in six months.
Bubba comments he believes the central banks are running a Ponzi scheme. Dr. Swarup believes that the central banks are over-leveraged and there is too much debt in the world. He says that it is inevitable that there will be some more sovereign defaults. He believes that the banks have created so much debt that it is going to be tough to unwind that debt without asset destruction which the debt holders will suffer.
Dr. Swarup believes that the markets mirror Cosmology. The market reflects the chaos of the big bang. It begins at an infinite point of time and space and then expands. Markets are never at rest they are always moving. He also believes that the vacuum of space is really very active as matter is being created and destroyed. Just like the markets create and destroy asset values. He believes that government regulation is overdone.