"What's Coming is Worse Than Any Recession..." Michael Pento
“What’s Coming is Worse Than Any Recession…” Michael Pento
Gold and silver news today: a money manager who has been called a gold bug for years just sold his gold mining stocks. He hasn’t changed his mind about gold. He’s waiting for a moment he believes is now less than a year away. Michael Pento of Pento Portfolio Strategies explains why Treasury yields keep climbing even as the Fed tries to hold them down, why he calls the United States an insolvent nation, and why the next recession could push annual deficits toward a number that has never been seen outside a crisis. He also explains why the government’s usual rescue playbook may not work this time. Then he turns to gold. Pento explains the one condition that is holding gold back right now, the year he expects the economy to break, and exactly what he plans to do with gold and the miners when it does. He also explains why he expects “hyper-stagflation” to follow.
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