Michael Pento: Deflation As Economy Comes To A Halt

Liberty and Finance, Released on 5/13/24

Disinflation is coming, says portfolio manager Michael Pento, and even a short period of deflation is likely. Amid the economy coming to a halt, the Fed will have no other option than to inflate the currency supply. At that point, stagflation will become the new normal, he says. And stagflation – high inflation with a weak economy – has proven to be the ideal environment for gold.

0:00 Intro
1:20 Japan’s economy
10:00 Dedollarization
18:21 What’s the Fed’s real goal?
25:36 Pento Portfolio Strategies
29:00 Weekly specials

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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“Those reserves aren’t yours anymore, they’re ours” -> clearly and obviously that is 100% wrong. It is called THEFT.

How few can speak directly anymore.

Inflation is conjunctive, so a slower rise is clearly still a failure -> good point, MP.