El-Erian: ‘We are going into global recession’

CNBC, Released on 3/12/20

Mohamed El-Erian, chief economic advisor at Allianz, joins “Squawk Box” by phone to discuss the market and economic turmoil stemming from the coronavirus outbreak.

Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world’s largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at Salomon Smith Barney/Citigroup in London and before that, he spent 15 years at the International Monetary Fund in Washington, D.C. His book, When Markets Collide: Investment Strategies for the Age of Global Economic Change, was a New York Times and Wall Street Journal bestseller.

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No need to go into a global recession. Simply take back all the wealth that has been stolen by all the criminals running the system, and redistribute back to those who earned it.