Inflation DESTROYS All Economies, Here's Why | Michael Pento

The US stock market is at higher valuations compared to GDP than in anytime before 2020, says Michael Pento. Not even right before the infamous 1929 crash were valuations so high. At the same time, we continue to see high inflation. “Inflation has destroyed every economy since Roman times," he says, and expects that, in the long run, the US economy will similarly be destroyed by currency devaluation.

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INTERVIEW TIMELINE:
0:00 Intro
1:30 Credit crisis
6:25 Stock market
13:15 Banking system
19:24 Real estate
25:45 Preparedness
30:24 Pento Portfolio Strategies
31:40 Weekly specials
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