This Will Create Panic & Ignite Unprecedented Money Printing
August 10, 2013
Today one of the top economists in the world made an incredibly bold prediction that investors are about to witness a short-term panic in key global markets which will ignite an unprecedented money printing spree that will “dwarf” anything the world has seen up to this point. He also spoke about exactly what his firm will be doing in the gold and silver markets during this panic. Michael Pento, founder of Pento Portfolio Strategies, wrote the following powerful and exclusive piece for KWN.
“I generally shy away from making time-specific economic and stock market predictions simply because they are extremely difficult to accurately pinpoint. During 2006, I warned about a coming real estate collapse that would cause a severe recession in 2007. Back in January of 2009, I urged investors to start buying the stock market because I felt the majority of the selling was behind us.
In general, making such predictions is a dangerous game and I avoid it in most cases because the odds are very low that you will be correct on both the prediction and the timing. However, there are certain times when the environment is conducive for a prediction that comes along with an expiration date, and today is one of those times….