Greg Hunter interviews Michael Pento, economist and money manager at Pento Portfolio Strategies and author of The Coming Bond Market Collapse, about the economy, debt, bonds, and precious metals.
Topics:
- (00:34) What is going on in the economy? -- global debt has increased to $240 trillion, global bond market is in the process of bursting, Argentina;
- (05:08) What do you make of the statement "emerging markets, you are on your own"? -- worldwide depression is coming as a result of enormous worldwide debt;
- (09:00) You see a worldwide synchronized recession coming, right? -- zombie businesses issuing bonds to pay interest, the condition of the world is very fragile;
- (14:06) How bad is this going to be for the average person? -- it is going to be a brutal and protracted depression, runaway inflation;
- (19:18) How much do you think the price of gold and silver can go up? -- take physical possession of precious metals now, later this year gold to all-time highs and silver to $40 per troy ounce;
- (22:51) Do you think it will be so bad that people stop selling precious metals? -- there will be a super-spike in precious metals;
- (25:10) Are you talking about debt destruction? -- debt monetization is coming, resulting in gold at $10,000 per troy ounce;
- (28:34) You are saying there will be a default in U.S. Treasury bonds?;
- And more...
31 minute video by Greg Hunter published 8 May 2018
Link Associated with this Interview
Worldwide Depression Coming, Buy Gold – Michael Pento
Source:
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