The Road To Skyrocketing Inflation, Stock Market Panic And Global Chaos

Sunday, December 20, 2015
By Paul Martin

KingWorldNews.com
December 19, 2015

Today one of the top economists in the world sent King World News an incredibly powerful piece warning about the coming massive inflation, stock market panic and global chaos. Below is the fantastic piece from Michael Pento.

By Michael Pento of Pento Portfolio Strategies
December 19 – (King World News) – Beware of Central Bank Success

The most important question investors will soon have to face is: What is going to happen once central banks finally meet their inflation targets?…

Michael Pento continues: For example, let’s assume after years of monetizing government debt, bidding up equity prices and forcing debt on the public by keeping borrowing costs at or below zero, that the ECB is finally able to achieve its inflation target rate of 2%. This would only occur once money supply growth becomes both robust and sustainable.

It is silly to believe ECB President Mario Draghi can bring inflation to just 2% and nail it at that level. Inflation will continue to rise past 2% until the ECB raises interest rates by reducing its pace of bond buying. So, we will have the environment where inflation is rising north of 2% and the central bank will be forced to start cutting back its purchases of debt and preparing the market for eventual outright sales.

The Rest…HERE

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