Michael Pento - Expect Huge Surge Into Gold In Q3 2021

Posted by Vincent Tie on 21 Jan 2021

SBTV speaks with Michael Pento, founder of Pento Portfolio Strategies, about his biggest fear this year - the Fed eventually losing control of inflation which destroys the economy. It is then that the Fed will be forced to hike rates which will pop asset bubbles.

Discussed in this interview:
01:27 Complete crash in 2020 avoided due to Fed's money printing
03:59 Portfolios will be crushed in the coming crash
10:21 Fed buying corporate, municipal, and other junk bonds
14:58 The zero interest rate trap
18:05 Direct injection of inflation with stimulus checks
21:33 Ripe for bubble
27:35 Bitcoin is susceptible to government action
32:50 2021 outlook


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