The United States Is Now Set Up For A Devastating Crash!

• The United States Is Now Set Up For A Devastating Crash! 
  by www.kingworldnews.com
  Today one of the top economists in the world predicted that the United States is now set up for a “devastating crash.”  He also warned that “it is imperative to have an escape plan in place before the inevitable crash occurs.”  Michael Pento, founder of Pento Portfolio Strategies, wrote the following exclusive piece for KWN. 
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  By Michael Pento of Pento Portfolio Strategies 
  October 26 (King World News) –
  “The United States Is Now Set Up For A Devastating Crash” 
  I have long predicted that our central bank’s debt monetization efforts would be of greater quantity and duration than most everyone at the Fed and on Wall Street expected.  The reason; it is simply pure economic fallacy to try to engender viable economic growth through the process of creating inflation.  Japan is trying the same failed economic strategy as well; and it will end in disaster … just as it will here in the United States….
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  So, what will be the effects of ever-expanding money supply and credit creation?  Interest rates will be negative in real terms and that condition will only worsen over time.  Public and private sector debt levels will explode higher as the artificially-low interest rate environment encourages the economy to lever-up to record highs.  Cheap money will continue to force intractable speculation in stocks, commodities and real estate, which will further impoverish the middle class and lead to the exacerbation of asset bubbles that are already at dangerous levels. 
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