Liberty and Finance, Released on 6/8/20

​Despite the Fed and world central banks printing trillions, buying up everything, owning all markets, and creating “The Everything Bubble,” one dramatically successful money manager claims that the banks have backed themselves and us into a black hole of no return, dooming us to an interest rate slingshot that will implode all the bubbles, taking equity markets, bond markets, real estate, corporate debt, corporations and jobs with them – and ushering in “The Greatest Depression.”

How can we protect ourselves from this largest collapse in history? Fund manager Michael Pento of Pento Portfolio Strategies, returns to Liberty and Finance / Reluctant Preppers to explain why the current bubble markets have become “wards of the state” which will be inflated until a massive implosion, and what baby boomers hoping for a retirement must do to avoid becoming casualties in the times ahead.

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.

  central banks, Fed, gold, money printing, silver