Liberty and Finance, Released on 10/8/21 (Recorded on 10/7/21)

During the next crisis, if the Fed pushes for more currency creation and Congress passes more stimulus, people will lose all faith in the U.S. government, says portfolio manager Michael Pento. People are already becoming aware that there is something seriously wrong with the financial system. What’s next? Michael sees runaway inflation and bail-ins coming.

0:00 Intro
1:18 FedCoin
4:40 Money creation
13:56 Fed taper?
15:16 Rush from banks
18:20 Stock market
23:52 Volatility
25:00 Insider trading
30:04 Loss of confidence
33:02 Mortgage risk

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.

  bailins, inflation, money printing