FSN Foreign Correspondent Erik Townsend On The Facts Behind the PFGBest Bankruptcy

In a special segment this weekend, FSN Foreign Correspondent Erik Townsend joins Jim to discuss the sudden demise of commodities broker PFGBest, and look at the facts behind the bankruptcy. In Jim’s Lifetime Income Series, he looks at how to create your own guaranteed pension plan.

Erik Townsend is a Private Investor based in Hong Kong. He was a successful American technologist and entrepreneur in the 1990s technology boom, and retired from the software industry in 1998 after selling a company that he founded in 1991. After a short hiatus to pursue personal interests, he re-invented himself as a full-time private investor with a macroeconomic investing strategy.