Triangle Investor, Released on 12/11/25 (Recorded on 12/9/25)
In this interview, renowned economist Michael Pento issues his strongest warning yet: a severe 2026 recession is unavoidable, real estate is already crashing in Florida and Texas (his own properties down 25%), the stock market is headed for a 50%+ drop just to return to fair value, and a decade of brutal stagflation lies ahead that will destroy the middle class and make today’s children poorer than their parents for the first time in U.S. history. Pento explains why Bitcoin will lead the losses when global liquidity dries up, why he sold silver near $60 and prefers gold & platinum, reveals his exact “Four Horsemen” crash-proof portfolio (cash, short-term Treasuries, USD, and shorts), exposes how the Fed lost control decades ago, and predicts an eventual dollar collapse, hyperinflation, and possible monetary reset by 2030.
0:00 – Intro
1:10 – Trump & the Fed – new chair, delayed cuts
3:00 – Why recession is healthy
3:40 – What crashes first?
5:20 – Stocks can drop 50% and still be “fair value”
7:00 – 2026 recession unavoidable – AI won’t save us
8:50 – Bottom 80% already in recession 2+ years
10:20 – Liquidity crisis coming
11:30 – Pento sold silver near $60, prefers gold & platinum
12:50 – Why Bitcoin will crash hardest
14:50 – Crash-proof portfolio
17:30 – Bullish energy & base metals
18:50 – Middle class destruction & declining living standards
22:40 – Point of no return passed decades ago
25:20 – 2030: stagflation → hyperinflation → monetary reset
26:45 – How to follow Pento
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.