Michael Pento: Asset Prices Collapse Near

Silver Bullion TV, Released on 9/1/21

SBTV spoke with Michael Pento, founder of Pento Portfolio Strategies, about how the Fed’s Taper Tantrum specter will affect markets. If the last taper exercise could not raise rates beyond 2.5%, the Fed knows they risk collapsing asset prices should rates are hiked a tad too high!

Introduction:
00:00 Introduction
01:25 Yield curve control on US debt
04:38 Why don’t China and Japan dump US debt?
11:01 Falling tax revenue
15:05 How the repo market is changing?
18:57 What’s with the Fed’s taper talk?
21:05 Is it time to protect money?
25:55 Dollar collapse against assets
30:40 Why gold and silver prices are down

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.

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