"Fed Paused To Prevent Banking System Collapse" Michael Pento

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Fed Paused To Prevent Banking System Collapse | Michael Pento

Liberty and Finance:  6-24-2023

Europe - on aggregate the largest economy in the world - just went into recession. In the U.S., many economic indicators are flashing red, and "everything is pointing to a recession," says Michael Pento of Pento Portfolio Strategies.

This year's rally in stocks is merely a bear market rally, he notes, and discusses investments that he's currently looking at.

INTERVIEW TIMELINE:

0:00 Intro

2:10 Economy

9:50 Bear market

11:59 Debts

17:30 Negative real rates

21:33 Banking system

 27:00 Gold update

32:00 Government folly

https://www.youtube.com/watch?v=dJx4P4aSGxc

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