Economist Michael Pento Warns of Inevitable Financial Collapse: “The Real ‘Fiscal Cliff’ Is The Coming Currency And Bond Market Collapse.”
October 29th, 2012
Economist Michael Pento says forget the “Fiscal Cliff” you have been told about. Pento charges, “The real ‘Fiscal Cliff’ is the coming currency and bond market collapse.”
Michael Pento of Pento Portfolio Strategies contends the open-ended Fed money printing is creating “. . . a fictitious world of artificially low interest rates.” Pento says, “We need to move quickly towards a balanced budget . . . yes, it will be painful for a lot of people.” If we don’t change course, Pento says, “A financial collapse is inevitable . . . the free market will force this Fiscal Cliff upon us. There is no way around it.”
“A financial collapse is inevitable – the free market will force this Fiscal Cliff upon us. There is no way around it.”
If you ever wanted to hear Mr. Pento uninterrupted and unfiltered by mainstream financial media, here’s your chance. Join Greg Hunter of USAWatchdog.com as he goes One-on-One with economist Michael Pento.