Wipeout Of Entire Economy | Michael Pento
7 months ago
511
Stagflation or Total Wipeout
Michael Pento
Recession
Depression
Scripted Global Collapse
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Current asset prices and debt levels are at unprecedented bubble territory. If market forces were allowed to work freely and asset prices fell to their fair value, the banking system would collapse, says portfolio manager Michael Pento. It would be a "wipeout of the entire economy." The alternative is for the Fed to continue to inflate the economy, leading to perpetual stagflation.
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