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Michael Pento – Expect Huge Surge Into Gold In Q3 2021

Silver Bullion TV, Released on 1/20/21

SBTV speaks with Michael Pento, founder of Pento Portfolio Strategies, about his biggest fear this year – the Fed eventually losing control of inflation which destroys the economy. It is then that the Fed will be forced to hike rates which will pop asset bubbles.

00:00 Introduction
01:27 Complete crash in 2020 avoided due to Fed’s money printing
03:59 Portfolios will be crushed in the coming crash
10:21 Fed buying corporate, municipal, and other junk bonds
14:58 The zero interest rate trap
18:05 Direct injection of inflation with stimulus checks
21:33 Ripe for bubble
27:35 Bitcoin is susceptible to government action
32:50 2021 outlook

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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