Greg Hunter Interview: Michael Pento -- Massive Global Defaults
Greg Hunter interviews Michael Pento, Pento Portfolio Strategies and author of "The Coming Bond Market Collapse", to get his opinion on markets, bonds, debt, gold, and the economy.
Topics:
- Puerto Rican bonds, debt -- they are going to default on the debt -- Is Puerto Rico a test case? (0:34);
- U.S. debt unpayable -- massive global defaults coming -- ponzi scheme of debt -- crash in 2018? (3:43);
- Who is buying the debt when central banks are selling? -- Bank of Japan owns 60% of entire ETF market and 40% of Japanese government bonds (6:41);
- U.S. Federal Reserve will use overnight federal funds rate to control the economy -- FED will crash the economy in 2018 (8:06);
- Michael Pento's model of inflation/deflation dynamic portfolio (9:13);
- What is stopping Wall Street from front running this trade? (9:40);
- Changes at the U.S. Federal Reserve Bank -- negative rates -- cashless society -- helicopter money -- July 2018 when reality hits (12:52);
- North Korea (13:38);
- You have to have some physical gold and other precious metals -- expects bull market in metals in 2018 -- when faith in central banks fails (16:48);
- Brokerages going down -- some brokerages are highly leveraged (18:20);
- Implicit default is happening now and will go full speed in 2018 -- What is holding up the stock market? (19:16);
- Three kinds of investors (23:17);
- Trouble is coming, one-way or another (24:22);
- And more...
27 minute video by Greg Hunter published 10 October 2017
Link Associated with this Interview
USAWatchDog Article: Massive Global Defaults Coming – Michael Pento
Source:
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