Michael Pento: The Coming Bond Bubble Collapse
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Full Description and Comments at: https://www.peakprosperity.com/podcast/101694/michael-pento-coming-bond-bubble-collapse In this week's podcast, Michael Pento, fund manager and author of The Coming Bond Bubble Collapse, explains how the United States is fast approaching the end stage of the biggest asset bubble in history. He describes how the bursting of this bubble will cause a massive interest rate shock that will send the US consumer economy and the US government—pumped up by massive Treasury debt—into bankruptcy, an event that will send shockwaves throughout the global economy.
Comments
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More rubbish from this doomsayer. Michael Pento has been forecasting a bond market collapse for years. He has lost all credibility (if he ever had any) and will be consigned to the dustbin of history.
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Why do care about central banks being insolvent? They can just print away!
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Why would EVERYTHING collapse against cash? That doesn't make sense. In a financial apocalyptical world you might prefer cash to bonds or stocks or other financial instruments. But would you prefer it to physical commodities or non-luxurious real-estate or food?
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If you have no assets, are you safe?
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A more pertinent question Chris would have been, who has the most credibility, the Bulls or the Bears?
For almost two decades now I have listened to Bears telling me how the world is going to end and that I should sell up everything. Well, they have been right about two times in that period and the world just keeps on going.
Sure there have been a lot of casualties along the way and I have been one of them every time. But do you know what? The same flash suits are still the ones making it big telling me how the world is going to end.
There comes a time when a man has to face the reality he lives in and all the wishing for it to be otherwise is counter productive. Could the Bears be ultimately right? Yea, sure. But there is no point planning one's life around the end of the world.
My advice to anyone listening. Listen to dissenting views from this meme and get a more rounded perspective. Sitting in an echo chamber only reinforces your own views. Read Schiff and Maloney but also Keen and Mosler and yea, even Bernanke, if only see where they are coming from. -
Great job Chris, as usual.
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Janet is holding off until after the election.
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Thank you Michael Pento for saying: " And what is inflation? It certainly isn't people becoming more gainfully employed. Inflation occurs when the Market loses faith in a FIAT currencies purchacing power. And that's exactly what bankers around the world have been trying to do."
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Pento sounds crazy.
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Now that the Fed has so many people watching its actions they cannot do anything except create more funny money to inflate the bubbles. As the bubbles leak they just pump more. Only Russia and China can kill the Fed if they grow the balls to do so.
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Like Matter that cannot be destroyed, Corruption simply moves from one form to the next - Gold.
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I would like to hear more from this guy. good interview.
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So...Nothing will be safe: Bond, Stocks, Commodities, Gold...nothing! My question is: Is Michael Pento totally CASH and with all the cash (maybe Swiss Francs?) at home or what? Cause if he manages a fund that is investing in something...there is something that is not coherent with what he said...(or maybe is he shorting all Assets?)
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These assholes like Summers can not and will never control the REAL WORLD. People will always find a way to have true price discovery even if the US has fifty different currencies to permit freedom of the man on the street for price discovery.
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The last time we had a collapse like the speaker describes we had to fight Hitler and Japan. Hundreds of millions of people died. End the fed.
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End the Fed, they work for their share holders the wealthiest 150 families and banks .They don't give a dam about Other Peoples Money, tie their actions to their pay and you will see an accountable fed. But hoping for that is like asking congress and the President to give up their benefits and salaries if they fail to produce a productive stable economy.Good luck with that.
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What about the corporate debt and auto loans and student loan and lease vehicles being turned in all this debt will have to be paid or rolled over when does this happen.
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The solution is simple: exchange your debt-based fiat money for tangible asset-based gold and silver bullion (money). Call me to discuss how I may be of service. Thomas Smeenk Bullion Management Group Inc. Toronto, 001-905-415-2963
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No discussion of PPT. They are in full force overnight Sunday to Monday to prop up markets after three terrorist attacks on American soil. They will be there to prop up also with all the doomsday scenarios discussed in this video. It will keep working until it doesn't and we have a Zimbabwe-type bond and stock market where valuations are beyond the moon and the currency is toast.
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What is the endgame? The governments nationalize the central banks and own everything?
27m 47sLenght
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