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Michael Pento: ‘Bubbles Will Pop and Central Banks Will Panic’

Elijah Johnson, Silver Doctors, Released on 7/27/17

Michael Pento thinks Janet Yellen may be trying to cause a recession, leaving Trump for the blame. Despite negative economic data, the Fed is raising interest rates and might start reverse QE.

But as the economy collapses, the Fed will have to go back to easy money policy. Pento expects the Fed will resort to “helicopter money.”

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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