Fed Paused To Prevent Banking System Collapse | Michael Pento

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.

Pento Portfolio Strategies: https://pentoport.com

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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
33:00 Pento Port
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