Liberty and Finance, Released on 7/29/20
Will the Fed continue papering over massive problems until hyperinflation destroys the dollar, or will the bond market revolt and we collapse into a long-term depression? Either way, many people stand to be wiped out for a very long time.
As gold breaks out to new all-time highs, and unprecedented Fed currency expansion in the name of “stimulus” drives record acceleration in debt, Michael Pento, personal hedge money manager and founder of Pento Portfolio Strategies, returns to Liberty and Finance / Reluctant Preppers to answers viewers’ questions on the impacts to ordinary people of the volatile financial markets, and the drastic policy responses by our government and Fed.
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.