It's Not Different This Time, A Recession Is Coming & It's Going To Be The Worst:Michael Pento

in economy •  6 years ago 

Michael Pento is the President and Founder of Pento Portfolio Strategies ( pentoport.com).

Michael is a well-established specialist in markets and economics. He is also the author of the book ìThe Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.

economy recession worst collapse
6 years ago by

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      ·  6 years ago 

    Thanks again, Dave. Thanks for bringing on Michael Pento. Thanks for coming on, Michael Pento, and sharing your knowledge and work.

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      ·  6 years ago (edited)

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        ·  6 years ago 

      There will be loss of life in this one . Via suicide , murder , and riots .

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          ·  6 years ago 

        Great interview Dave. It was nice not to hear Q theories. Pento has a great grasp on economics based on facts and evidence.

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            ·  6 years ago (edited)

          GDP is not a good measure of actual economic production and it is too easy to cook the books. Why would any sane person / consumer want price inflation. Price inflation due to money printing only benefit those near the source or can borrow at low cost, the value of the "new" money comes from diluting the existing money. If a public company issue 2% extra stock and give to management would that not be the same kind of robbery that is happening with the central banks.
          Money supply should be at a fixed rate to how much gold is in the vault. You want more money put more gold in the vault. That would make price of products and service go down thus good for savers instead of this nonsense right now. This crazy Keynesian experiment has gone on for too long.

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