https://www.youtube .com/watch?v=tZ601v2wCyU
SBTV spoke with Michael Pento, president and founder of Pento Portfolio Strategies, about the Fed’s futile efforts to control inflation and why it’s time to get out of harm’s way with a recession on the horizon. Michael Pento’s website: https://pentoport.com Discussed in this interview: 00:00 Introduction 02:07 Inflation reduction act 05:43 We need growth 09:01 Stocks overvalued 14:06 Fed’s gonna break something soon 16:57 Yield curve inverted again 18:55 Anticipating the Fed’s likely playbook for the next crisis 22:10 Gold will suffer 24:30 Recession ahead Buy & store gold and silver with Silver Bullion: https://www.silverbullion.com.sg Silver Bullion Investor Kit: https://bit.ly/35ujSB1 Silver Bullion Twitter: https://twitter.com/SilverBullionPL Silver Bullion Instagram: @silverbullionsg
Thanks
The Fed does not have to increase interest rates for a recession to occur. Recessions occur because people use their income to pay back their debts instead of buying stuff. They spent their loans during the boom phase. Same with businesses. Or they default on their loans. Then comes the bust and it is always because of debt. A recession is inevitable regardless of interest rates.
Peter de Luca: Economist
Raising Taxes to reducing inflation is a classic Keynesian concept. The trick for Dims is how. By enlisting an army (armed) to seek out tax chests (read self employed and mom and pop’s) the FBI Gestapo can rest easy knowing they’re going after mostly Republicans.
John Deere moving a factory in Iowa to Mexico
My Son (Deere Engineer/Tech) is scheduled to spend 2 months training people in Mexico this fall. ☹️
I believe they are expanding aspects of production in an already existing Mexico facility.
87000 IRS agents? How about 87000 teachers instead?
Why don’t the good guys drain all of the criminal silver exchanges?
Easy money makes crime easy!
Silver dealer Andy who did a $50 million silver sale last month stated he would be unable to do that trade again
i agree gold will go up, but gold spot price will go to 0.
why would anyone buy paper on dieing comex exchange. paper is worthless only gold/silver counts
Why would Pento say we need more immigration, ridiculous, we need to close our borders, bring our troops home from around the world, end the federal reserve, defund all these useless 3 lettered agencies and focus on fixing problems
Pento calling for LOWER Interest rates, when they just passed another $700+T spending bill, that will INCREASE Inflation, NOT reduce it???? He’s a Kensington Economists with that fu*cked up thinking that got us into this shit show. Please ask Gregory Mannirino on as as guest to get the real TRUTH. Your last two guest don’t have a clue!
RBNZ OCR (FFR) just went from 2.5% to 3%
Look how RICH the average person is now’ house price inflation gone to the moon’ you’s are loaded’ why are you not doing cartwheels when you get up each morning’ guess what its all one massive False economy and your innit’ now its payback time’ hope you enjoyed your false wealth
87K new IRS agents is just Biden’s way of saying “Fuck You.”
Pento’s stacking fine wine.
Join us for the next live stream on 21 August at 9pm EST as we discuss the latest economic news and precious metals!
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Oh wow, the yield curve inverted almost 50 basis points? I thought that it had only inverted very little for a very short period of time. That is extremely worrisome!
You will own nothing and be happy – whinging about what was related to what is – is plain stupidity – SERFDOM IS THE NEW ECONOMY!!!!!
Our right to Due Process will be dumped by the irs. We will have to prove our innocence.
Excellent podcast!
“We need population growth”. You don’t need a migration tsunami and an impending housing crisis.