Michael Pento Warns of Exploding Debt, Inverted Yield Curve, and Then “Economic Armageddon”

Michael Pento Warns of Exploding Debt, Inverted Yield Curve, and Then “Economic Armageddon”

Well now for more on Bitcoin, what’s likely to happen on the economic front the rest of the year, and the future outlook for metals, let’s get right to this week’s exclusive interview.

It's always a real pleasure to have him join us. Michael, how are you today? Welcome back.

Michael Pento: I'm doing fine, Mike. Thanks for having me back.

Mike Gleason: When we had you on last you commented that you believed the market was pricing in President Trump getting virtually all of his policy agenda pushed through Congress, the tax cuts, repealing Obamacare, and so forth. To say Trump has encountered some resistance in Washington would be a major understatement. The establishment of the right doesn't seem to like him. The left and the mainstream media of course hate him. So, Michael before we get into the effects this will have on the markets here, first off, handicap for us the chances of Trump, based on what's been transpiring in recent weeks, miraculously gaining enough allies in Congress in order to get his initiatives passed.
 

You can find the entire podcast here.