Michael Pento Ph.D. & Chris Waltzek Ph.D. - September 19th, 2019.
* .Mp3 format.
Highlights
Michael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com. The duo concur that the US PODUS is attempting improve the position of the domestic economy. The EU and related economies may be on the cusp of a new Great Recession. The EU enacted QE operations via 20 billion Euros per month to monetize bad debt and neg. yielding debt. A stagflationary outcome is inevitable when the true core CPI domestic inflation figure is tabulated. The coming economic maelstrom could rival the Great Recession, resembling a new Great Depression. One possible scenario includes galloping stagflation culminating with runaway inflation. The requisite panacea could trigger an implosion of the global economy in a true deflationary collapse. The dialogue includes the potential for a breakdown in key financial market correlation's. Decades long primary-trends could reverse in stocks/bonds, neutralizing traditional safe havens. Gold and related PMs will likely remain the asset class of choice for wise investors. Universal Basic Income is becoming a reality with tests underway worldwide, including Kenya, Canada and Scandinavia including plans for regions in California, where lower income households receive standardized income, typically delivered directly to a bank account with alerts sent directly to mobile phones.Michael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com Radio with his latest financial battle tactics. The duo concur that the US PODUS is attempting improve the position of the domestic economy within the global arena - the methodology may require a few key tweaks. The EU and related economies may be on the cusp of a new Great Recession, offering one explanation for the coordinated efforts of central banks to revamp QE operations via 20 billion Euros per month to monazite bad debt in tandem with negative-yielding debt. The guest/host agree that a stagflationary outcome is inevitable given that the true core CPI domestic inflation figure hints at much higher than expected general price levels when properly tabulated. The coming economic maelstrom could rival the Great Recession, resembling a new Great Depression amid the virtually impossible toxic debt levels piling up around the globe. A plausible scenario includes galloping stagflation culminating with runaway inflation. As officials scramble to contain the inflation specter, the requisite panacea could trigger an implosion of the global economy in a true deflationary, not just disinflationary, collapse. The dialogue includes the potential for a breakdown in key financial market correlation's, where decades-long primary-trends reverse in stocks/bonds, etc., effectively neutralizing traditional safe havens. Safe-haven assets such as gold and related PMs will likely remain the asset class of choice for wise investors. Universal Basic Income is becoming a reality with tests underway worldwide, including Kenya, Canada and Scandinavia including plans for regions in California, where lower-income households receive standardized income, typically delivered directly to a bank account with alerts sent directly to mobile phones.