Liberty and Finance, Released on 3/21/25 (Recorded on 3/20/25)

Michael Pento discusses the role of central banks in exacerbating inflation and government debt through policies that inflate the money supply. He argues that the Federal Reserve’s actions, such as monetizing debt, are driven by the government’s unsustainable spending habits, which are not focused on the well-being of the public but on maintaining the government’s solvency. Pento emphasizes the fallacy of the “Fed put,” the misconception that the Federal Reserve can prevent economic downturns, and warns of an impending crisis if these policies continue. He also shares his outlook for 2025, predicting anemic GDP growth and a potential recession, compounded by factors like rising tariffs and the decline of liquidity. Pento concludes by highlighting the risks to asset prices and the broader economy, urging caution for investors as market conditions evolve.

0:00 Intro
1:34 Government spending
10:00 Inflation is theft
27:28 Real estate
31:06 Pento Portfolio Strategies

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.

  economy, housing, investing, real estate