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Author Topic: Michael Pento: Worldwide Debt Default? You Better Believe it  (Read 19 times)
allthingsluxury
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April 23, 2018, 03:45:16 PM
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The yield curve will invert, leading to a shrinking of the money supply, and a recession later this year, Michael Pento of Pento Portfolio Strategy tells Silver Doctors.

He says bonds currently are the “most mispriced assets in the history of the world.” He sees a world wide default on debt coming.

The stock market is also in trouble. There is a confluence of events coming in the fall that will lead to a bear market like we haven't seen in a decade. How can small or medium investors navigate the coming crises?



Click here to watch this video and to read more:

https://silverliberationarmy.blogspot.com/2018/04/michael-pento-worldwide-debt-default.html


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davis196
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April 23, 2018, 04:42:23 PM
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OK,another one predicting the global Econopocalypse(stupid term,by the way Grin)
So what`s his advice?To buy more bonds?I was expecting that he should say "buy more bitcoins". Grin
I won`t visit this blogspot URL,because I`m more suspicious than before.
Today,I`ve visited some guy`s crypto news blog and my computer was infected with a Trojan.CryptoNight malware.Lucky for me,I have Malwarebytes installed.
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April 23, 2018, 11:59:29 PM
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The yield curve will invert, leading to a shrinking of the money supply, and a recession later this year, Michael Pento of Pento Portfolio Strategy tells Silver Doctors.

The most lolworthy outcome here is if our fiat money supply does shrink as some are predicting. Then the diminishing money supply is negated by an expansion of crypto altcoins and token based ICOs which prevent our economy from crashing. Behold the benefits of currency decentralization! Then as eyes are opened to the long term value, reliability and stability which bitcoin offers, we see a huge increase in demand which fuels btc's rise to a price greater than $50k.

Incidentally, there is a page referencing words said by Ben Bernanke posted on the federal reserve's website where Bernanke admits the federal reserve played a crucial role in causing the Great Depression by shrinking the money supply:

https://www.federalreservehistory.org/essays/great_depression

Is it feasible that we'll see history repeat itself in such a painful, preventable and obvious way?

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