Financial Survival Network, Released on 8/29/24

In this episode of the Financial Survival Network, host Kerry Lutz welcomes back Michael Pento. The conversation dives into the ongoing economic challenges and the questionable policies affecting both markets and everyday Americans. They discuss the current “election insanity” and question whether the outcome will truly address the underlying economic issues, highlighting that neither candidate offers a complete solution. Michael Pento shares his insights on how government spending, particularly the trillions of dollars in stimulus and helicopter money, has contributed to inflation and economic instability. The discussion touches on the flaws of government intervention, including proposed subsidies for housing, which they argue will only inflate prices further. Pento also criticizes the reliance on money printing and the lack of sound fiscal policy, warning that these actions could lead to long-term economic pain. They wrap up by addressing the challenges faced by the middle class, the dangers of asset bubbles, and the importance of preparing for potential economic downturns. Kerry and Michael agree that while short-term fixes like money printing may temporarily boost markets, they ultimately set the stage for more significant issues down the road.

Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE. He is the author of The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.

  economy, investing, Presidential election, stock market, Trump