Deflation/Inflation/Bust -- Michael Pinto
Michael Pento believes that the Fed's rapid rate increases have caused a banking crisis, and that the Fed's actions have created an artificial construct that will lead to a deflationary recession/depression followed by runaway inflation. He predicts a 30-50% drop in equity averages and suggests investors play it safe by collecting dividends in a safe manner.
Michael discussed the unsustainable levels of global debt and the potential for deflation and a depression if the Fed does not take action to reduce debt levels. He believes that inflation is not the answer and that the middle class will suffer if it continues. He suggests that the Fed should reduce the balance sheet and remove the gamblers from Wall Street in order to create a healthy economy.
Key Topics discussed:
Discussion of the Impact of the Fed's Rapid Rate Increases on the Banking System
Impact of AI on the economy
The effects of inflation on the economy
Discussion of the Political Power Struggle in the US
Global debt is unsustainable with high interest rates and inflation.
Impact of Federal Reserve and Treasury policies on the economy
The need for a vibrant and healthy middle class
Visit Michael's site at: https://PentoPort.com
Visit FSN at: https://FinancialSurvivalNetwork.com
-
18:37
Financial Survival Network
11 months agoTop Negotiation Hacks from Mark Raffan --The Negotiation Ninja #5925
37 -
4:06:14
Chrono
13 hours agoTo the Wetlands! | Zelda Echoes of Wisdom
203K3 -
5:32:19
GamingWithHemp
13 hours agoSkyrim episode #1
84.2K5 -
LIVE
Right Side Broadcasting Network
1 day agoLIVE REPLAY: President Trump Holds a Rally in Prescott Valley, AZ - 10/13/24
5,351 watching -
2:34:05
vivafrei
22 hours agoEp. 232: Trump Appeal! Kamala Harris PLUMMETS! Gretchen Whitmer Scandal! Amos Miller Argument & MORE
194K258 -
7:51:47
Vigilant News Network
18 hours agoEpstein Victim Drops Election Surprise - Media Blackout
136K67 -
6:25:15
Barstool Gambling
21 hours agoBig Cat and Co to Sweat Out the Week 6 Sunday Slate | Barstool Gambling Cave
110K6 -
3:44:17
SilverFox
22 hours ago🔴LIVE - FPBC #6 - LOTR Fellowship of the Ring - Part 1
110K12 -
5:48:49
NeoX5
19 hours agoShocktober 2024: Blair Witch [PC] | Rumble Gaming
122K1 -
9:01:29
Chi-Town Gamers Livestreams
20 hours ago $1.20 earnedGears of War: Judgment Ep. 3 | Then Dragonball Sparking Zero
120K9