“You’re going to see an eschewment of global fiat currencies…”
Editor’s Note: Everybody is fixed right now on the stock market bubble and the Bitcoin/cryptocurrency bubble. One bubble that is bigger than them all, however, is even more dangerous, and that is the bond market bubble. As Michael puts it pertaining to government debt and the corresponding fiat currencies: “You’re going to see an eschewment of global fiat currencies that’s going to drive back into gold…”
Michael Pento, President and founder of Pento Portfolio Strategies, explains how the collapse of the bond markets will wreck havoc on the global financial markets.