US Debt Default Through Inflation | Michael Pento

While inflation has been over the Fed's 2% target for over three-years, the central bank is talking about cutting rates. The Fed is the "bankers bank" and operating to help the banks instead of the citizens, says portfolio manager Michael Pento (http://pentoport.com). And the economy is not as strong as the government and mainstream media claim. Those counting on their 60/40 portfolio to secure their retirement are in for a rude awakening, he says.

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INTERVIEW TIMELINE:
0:00 Intro
1:20 Economic trends
10:44 Fed speak
14:49 Property illusion
19:19 Preparedness
23:20 Zombie companies
27:11 Pento Portfolio Strategies
33:40 Weekly Specials
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