Michael Pento - Fear the Repo Man #4507


Manage episode 243103644 series 1401217
By Kerry Lutz. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Since debt was created, the Repo Man was there to handle defaulting debtors. There's a new Repo Man in town and that's the Federal Reserve. They are there to turn bank's paper into cash and bank's cash into paper. Since 1917, it all worked very well except for a few noteworthy events, like 9/11 and 2008, when the markets seized up. Now it's happening again. Why is there no liquidity? Where did all the buyers go? Michael Pento understands where the economy is headed, but he believes you should be earning an attractive return until the last domino falls. And what's wrong with that?

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