AHEAD: Runaway Inflation & Bail-Ins | Michael Pento
- Liberty and Finance
During the next crisis, if the Fed pushes for more currency creation and Congress passes more stimulus, people will lose all faith in the U.S. government, says portfolio manager Michael Pento. People are already becoming aware that there is something seriously wrong with the financial system. What’s next? Michael sees runaway inflation and bail-ins coming.
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0:00 Intro
1:18 FedCoin
4:40 Money creation
13:56 Fed taper?
15:16 Rush from banks
18:20 Stock market
23:52 Volatility
25:00 Insider trading
30:04 Loss of confidence
33:02 Mortgage risk
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