Liberty and Finance, Released on 11/15/24
Portfolio manager Michael Pento (https://pentoport.com/) highlights the inflationary risks tied to unchecked currency printing and the potential for a liquidity crisis, similar to past events. Pento warns that such a crisis could freeze credit markets, leading to an economic collapse unless the Fed intervenes by printing even more money, exacerbating inflation. He explains that gold is a favorable investment in scenarios of inflation or stagflation, as it thrives in environments of economic stagnation and rising prices.
0:00 Intro
1:25 Election & markets
13:00 Market risks
21:40 Pento Portfolio Strategies
26:14 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
Michael Pento: Fed To Face Existential Threat The Financial System added by Herman James on
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Pento announces that he has sold some of his physical gold as a “tactical move” and remains in the stock market. Yes, gold will go up in the future, but he sold when Trump won the election (and gold and silver took a nose dive).