Michael Pento on what will happen to stocks, bonds and the dollar later this year

In this episode of Keiser Report, Max and Stacy look at the 'grim' data on the 'exploding' U.S. deficits and what the Congressional Budget Office forecasts over the next thirty years: more debt.

In the second half, Max interviews Michael Pento of PentoPort.com who takes a very, very different position to Stan Druckenmiller on the U.S. dollar.

Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where he began working after graduating from NYU.

Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE. He is the author of The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.