Worldwide Credit Bubble Bursting Now-Michael Pento

4Greg Hunter’s

Analyst/money manager Michael Pento says the Fed plans on raising interest rates multiple times. Pento explains, “The Fed isn’t going to do a one-and-done rate hike scenario like Wall Street would like you to believe. The Fed publishes . . . where they think the Fed Funds Rate . . . will be at a certain point in time. . . . At the end of next year, the median ‘dot plot’ is 1.5% on the overnight lending rate. So, the Fed is not going to raise one time and retire and go home, and that is not even the most important point. The most important point is we have reached a point where we are entering into a global recession, and this global recession is going to occur even if the Fed did not raise interest rates more than one time. It’s happening now.”

Pento, who wrote the 2013 book “The Coming Bond Market Collapse,” says almost every country in the world is in deep financial trouble and contends, “You’re seeing the bursting of this worldwide credit bubble, and the first cracks are appearing in junk debt. . . . Global debt is up to $230 trillion. That is a $60 trillion increase since the Great Recession. All of this debt has been issued at artificially low prices. . . . The global economy has never been more addicted to 0% interest rates ever before in the history of economics or the history of the world. You are starting to see that crack, and that crack is going to occur . . . all the metrics I look at are screaming recession outside of the Fed’s rate hike.”

So, if the global economy is slowing down no matter what, why raise interest rates? Pento says, “Yellen has boxed herself into a corner . . . she wants to make people confident in the economy. She wants to fulfill that confidence by going off zero. . . . They are going off zero to maintain the illusion of credibility.”

If the global economy tanks in 2016, what will Fed Head Janet Yellen do then? Pento contends, “It doesn’t change the intractable motion towards a recession. So, she’s going to have to take back that interest rate hike. She goes back into QE sometime in 2016. . . . I think the U.S. dollar is really in jeopardy here because the ‘dot plots’ say we are going to be at 1.5%, and I don’t think we ever get there without completely flattening out the yield curve and sending the U.S. economy into a depression. If that’s the case, how can the U.S. dollar maintain where it is? I think it rolls over, and I think it rolls over hard. . . .The U.S. dollar has been king for the past several years. I think that all comes crashing down, and gold will once again come to the fore . . . As far as I know, God is not making any more elements that are beautiful, rare and indestructible. So, gold is real and honest money, and it will be once again thought of as that even from the ‘robo’ day traders.”

Join Greg Hunter as he goes One-on-One with Michael Pento of Pento Portfolio Strategies.

(There is much more in the video interview.)

After the Interview:

You can get free information and analysis on If you are interested in getting a copy of Michael Pento’s book “The Coming Bond Market Collapse” click here.

  1. Jim

    Hypothetically speaking, let’s say if the Fed sticks to ZIRP forever, how would the interest rates rise? What would be the mechanism?
    It is even possible, assuming the Fed goes crazy and/or wants to purposefully destroy the world? Is there anything stopping them doing that at all, or can they be bypassed somehow so the interest rates go up anyway?

  2. Jerry

    I have no doubt, that the Cabal that is running this country out of desperation will try to drag us jnto war to avoid the financial collapse that is coming the United States. They tried baiting the Russians by shooting down their fighter jet. Before that, they bombed China’s supercomputers. Both have failed. Why? China and the BRIC nations have a plan to de-peg from the dollar and try and save the world financial system.

    I am neither a gold bug or an economist. I report what I see. And what I see is an organization ( the BRIC nations) whick is getting ready to sever its relationship with the dollar as an instrument of trade. The inclusion into the IMF has nothing to do with their real intent of supplanting the dollar as world reserve currency. It is about economic survival of the emerging markets in the coming economic collapse. In short the Gold backed Yuan is their lifeboat off the U.S. Titanic. What the Fed does at this point is insignificant to their overall plan. Returning to the Gold Standard is the primary goal. And realistically that is a very sane move considering what the bankers have done to the world trade system.

    My hunch is the Chinese will pull the trigger on the Gold Price Fix sooner than 01/04/2016 if NATO launches some type of attack on Russia. Meanwhile the Chinese are prepping the markets for transition to the Yuan.

    It’s crunch time people.

    • Jerry

      Sorry Greg,
      I was having computer problems. The Chinese are planning a Gold Price Fix for 04/01/2016 not 01/04/2016. But like I said, they could change that at anytime, if NATO tries to start a war with Russia. Meanwhile the PBOC continues to devalue the Yuan in preparation for de-pegging from the dollar.

      Like Michael said the global economy is getting ready to tank. The BRIC nations have a backup plan. Its called a gold backed Yuan. AIIB and CIPS was never created to be part of the corrupt, dying, Bretton Woods system manipulated by the Federal Reserve Bank. Whether this was the plan all along by the globalist, is fodder for another discussion. But that doesn’t remove the fact that it is happening. And its happening right now.

      • Sam Hill

        While you bring up some good points on this blog you should stay away from trying to predict the timing of events. So far you’re batting zero on that. You are now predicting the Chinese Gold Price Fix for 4/1/16. Stop and consider for a moment if you will, your choice of the date… April Fool’s Day! Thanks, Jer, for giving me a good laugh today.

        By the way, if this happens this year it will me much, much later.

        • Jerry

          Get your facts straight. That’s NOT what I said. This is what was reported that I shared on a link.

          What I said was it could be sooner if NATO presses Russia into a war. I never set a date. Keep trying! You’ve almost convinced me you have some resemblance of intelligence.

          • Sam Hill

            I re-read your post and that is what you said. The link said something much more vague.

            “Semblance of intelligence”? You’re having a bad day there Jer, but we’re with you in spirit.

            April Fools’ Day! Keep it coming! LOL

            • WD

              April 1 is still in April…No?

            • Jerry

              Here’s something I know you can really relate to. Its right up your alley. LOL.

            • Galaxy 500

              And usually I am the one that is married to facts.
              Welcome aboard.
              I don’t believe there is a global matter plan. I believe that you have a bunch of evil men with different agendas. Evil is never a reliable partner, even to evil.
              Why would I take currency that is controlled by a communist government that makes all the rules in their favor? Even if they say that it is backed by gold, which I doubt, doesn’t mean they will pay it out to westerners.
              The high and mighty BRICS that people keep saying will replace the USA is in a shambles.

              • WD


                They are tring to come up with a better solution to what the west has to offer… I do agree with you on many points here. But how will they really return to communism?

                They dont want to be enslaved by the west.

                • Galaxy 500

                  When did they leave communism?

                  • WD

                    I think it left them…it just dies….

          • Jerry

            Here’s another link about the China Gold Price Fix.

        • Sven

          ‘By the way, if this happens this year it will me much, much later.’


          Excellent interview, Greg, thanks! Have you considered having Prof. Steve Keen of Debtwatch on? He has been on the Keiser report several times and is cut form the same cloth as Michael Pento and Mike Maloney in that I could listen to them talk economics all day.

    • J C Davis

      Jerry, and site I don’t see how China can de-peg from the dollar and still be a part of the IMF. The IMF has said they will forgive all debts that de-peg from the dollar. Also there trade / jobs depend heavy on American goods and consumers.

      • Jerry

        I only report what can be substantiated by a news link. Americans need to get over themselves. To the rest of the world America is a liability, not an asset. In their view it is our debt based economy that is dragging down the rest of the worlds economies. The only difference is they’re doing something about besides printing money.

        Need I remind you, that we borrowed almost 3 Trillion dollars from the Chinese, that will most likely not be repaid. If you were a landlord, what would you do if you had a slothful renter who was late making payments. Continue to except IOU’s or find another renter? Our economy is dead and the gold that was being used as an IOU is gone. The landlord is coming to collect the rent.

        • J C Davis

          Good analogy.

        • J C Davis

          Jerry could that same analogy be use for them as long as they are forced to use the dollar. At this present time the world is looking for another place to live outside the dollar, and pickings are slim.
          Some time back I said I see a time when China will tell the IMF no thanks. Today nothing is what it appears.

      • Nick

        I believe that the Chinese joining the IMF was just a distraction allowing them extra time to dump the toxic paper and buy more precious metals. Once they are ready I believe that they will just walk away from the dollar debt which is not recoverable and start again with the new systems already in place, backed by precious metals.
        China has a population of 1.4 billion people which is about 20% of the worlds total so they have ample sales opportunities internally to carry them along. If they value the gold high enough it will dwarf the dollar debt losses anyway.
        Jerry has it spot on ……..the only unknown is the timing.

        • Jerry

          I agree. In addition they have just finished the Silk Road project that will link direct trade routes with Europe and the Middle East. Transport containers will now only take days, where it used to take months. I’m also seeing the possibility that Japan may join AIIB.

          • Jerry

            More evidence of the impact of the Chinese Silk Road on middle eastern trade. We raise rates, China sells more bonds.

          • Nick

            It could be argued that the Chinese have already revalued gold higher being as they devalued their the yuan many times against the US dollar over recent months.
            Gold is also up in all emerging nations, Australia, Canada, Russia and so on and on.
            Unfortunately gold price seems to be viewed by the majority against US dollars only.
            I am sure those currently in Greece, Argentina, Brazil, Venezuela who are holding ounces of gold are doing a lot better than those holding their countries FIAT currency paper!

        • Jerry

          Great link.

        • Faith

          I can’t stand that site. Who is JC? That was the problem when I found that site last year and that is why I left and never went back. Anonymous news? No thank you.

        • Faith

          This is the another reason I cannot stand this fraud. Link is found in the “fiction” section of this website. I read it last year and realized this guy is 100% insane. I have read a LOT of dystopic fiction (see my comments about Sci-Fi in my comments from USAWD’s Sunday guest, the CIA guy). The way this fiction was written, within a few sentences, was horrific, ugly, and pointless. I concluded the author was a psychopath. I stand by that conclusion, made earlier this year. It looks like he has found a lot of hangers-on so perhaps he has gone from being a psychopath to leading a cult. I am not surprised.

          • Sven

            Nonsense. POM offers a point of view worth considering by anyone who wants to keep an open mind. JC has a picture of himself up and although I’m not a subscriber and don’t comment on the site, not even suggesting I’m in agreement, but he answers all comments to back up his claims and predictions. And it’s not news, it’s an analysis of macroeconomics and the on going transition to a new global economic system.

      • Tin foil hat


        China has to de-peg from the dollar first before joining the IMF basket of currencies. If the dollar collapsed, all currencies in the SDR will be affected negatively but yuan will have the gold life boat to stay solvent.
        That is why the gold reserve in euro is mark to market. Our gold reserve is still fixed at $45/oz.

        • Winston Churchill

          The yuan will never be included in the SDR.
          Its a bluff by the IMF that will not happen.
          If the IMFs recent forgiveness of Ukraine’s debt doesn’t tell you who is running it you are blind.
          The whole point is to try to get a wedge between the BRICS.
          I don’t think the Chinese are buying the con anyway.
          The window to stop the BRICS plans closes upon completion of the Sono/Russian pipelines.End of 2016.
          Pax Americana will start WWIII before then.Spring or Summer of next year.
          No way Pax Americana goes quietly into that long goodnight with the neocons in charge of the city on the swamp.

    • andyb

      Jerry: your thesis is strong, but any gold backed currency system would spell the end of the bankster cabal with its fractional reserve Ponzi, currency manipulation, and debt enslavement agendas. Their various governmental puppets would start a nuclear war just for psycho spite. Additionally, I personally don’t see the Chinese as being ready just yet to upset the banking apple cart; their economy is in terrible shape; but they will be heard from in a meaningful way within the next 5 years…….that is, if we are all still existing by then.

      • Jerry

        Ordinarily I would agree with you, but the Chinese have already set up currency swap agreements worldwide, and have the banking systems to carry them out. As an investor why would you continue to use the dollar for trade, if you can do it cheaper with the Yuan in a separate system? Most people are missing the point. The IMF included the Yuan as Reserve Currency because they didn’t want to be cut out of the deal the Chinese were making with the BRIC nations. It wouldn’t have mattered either way, what the IMF did, because the Chinese already had the system in place. I envision China conducting business in two separate exchange systems. One in their own making for its partners in the BRIC Alliance, and the other for conducting business with the IMF and the rest of the world. The Gold Price Fix will ultimately determine who gets the lions share of the world trade between the two. That’s my take anyway.

    • Vince Shook

      The devil is in the details of any “Gold backed Yuan” you speak of. If the yuan is not convertible to physical gold upon demand by holders of that currency (the yuan), then saying it is “backed by gold” is largely meaningless — especially when such a claim is uttered by a communist country. If it is to be truly backed by gold, then you must give physical gold to someone when they show up at your bank’s customer window with yuan to exchange for it. China will never do that, will they? It is not “crunch time” as you say. Not even close. Rather it is more likely “share the international fiat currency manipulation with China” time.

      • J C Davis

        V Shook. You do make a valid point. China don’t want to be the worlds currency for some reason.

      • Jerry

        Take a look at the number of countries who have signed on as RMB trading hubs outside China.

        In the business world you have to always ask the question, what’s in it for me? Or in this case why are these countries setting up trading hubs? I don’t see a lot of love for the dollar.

      • brian

        I agree with this Vince.

    • Colin - 'the farmer from NZ'

      Re your comment
      “China and the BRIC nations have a plan to de-peg from the dollar and try and save the world financial system”.
      I will repeat my recent post:
      I am not having a go at you or your post Jerry…just the MSM again!
      It amuses and frustrates me that the narrative constantly used by the MSM is that the Yuan is pegged to the US$ when this is patently incorrect.

      The original peg was specifically to the US$ when the Yuan was first issued in 1948 at the rate of Y2.46 per US1$. It was then gradually devalued reaching a low of Y8.62 in 1994.

      This peg was in fact lifted in 2005 when it was revalued at Y8.11 per US$1. At this stage the PBOC and the CFETS changed to a managed float where they have a daily fix against a basket of international currencies within a prescribed % band. This band started out at +/- 0.3% and was gradually extended out to 2% in March 2014.

      The basket of currencies that the Yuan is loose pegged to, although dominated by the US dollar, also includes the Euro, the Yen, and the South Korean Won. The basket also includes to a lesser proportion the British pound, Thai baht, Russian ruble, Australian dollar, Canadian dollar and Singapore dollar.

      When the Chinese devalue they are not as the MSM would have it “devaluing against the US$” they are devalueing against a basket of many currencies.



      • Jerry

        You make some good points. Like I’ve said before, I am neither a gold bug or an economist. I am an observer. I read news links outside the United States, and draw my points from them. They paint a completely different picture than what we’re being sold here in the U.S. Case in point. Name the last time the United States signed a trade deal, or set up a trade platform? (TPP doesn’t count, that was a sham) There isn’t a day that goes by that China and the BRIC nations aren’t signing a deal somewhere.

        Americans live in total ignorance of what the world thinks about us and our debt based system. I was told by a source that at last years G20 meeting when President Obama got up to speak, that PM Xi of China told him to sit down and shut up. That there was nothing he could contribute because America is nothing more than a debtor nation. It was reported that Obama and his aides promptly left.

        Now I don’t know if that information is correct, but if you stop and think about, it makes perfect sense. What do we manufacture? Do we loan money or borrow it? Seven years of 0% interest and QE? That’s what banana republics in Africa do? America has a date with reality whether it likes it or not. The BRICS just don’t want to be part of it.

    • Deanna Johnston Clark

      I agree…most of the world is more interested in life itself than participating in some grandiose suicidal conquest scheme. Thank God! There are things worth dying for, but corporate pride and profits wrapped in lies ain’t one….and most of the world agrees.

      One of our old cotton mills has REOPENED in South Carolina. Chinese own and run it with as many old “hands” as they could round up. How the employees loved coming back!!! The calico is pretty, made with environmental laws, and at JoAnn’s and other stores.
      It’s hard to argue with that and say the Chinese want to pick a big fight.

    • Alex

      I can’t see China benefitting economically from a gold-backed RMB. Recent events made me think that China might actually be in the USA camp – 1) the FED didn’t raise rates in the autumn as they said the developing economies might take a hit (China was quite vocal in disagreeing with the hike of the rates), 2) Chinese RMB joined the IMF basket and 3) the US congress will vote to give more rights to China within the IMF (something I read about just yesterday). It all looks to me like very well coordinated efforts between the FED, the ECB, and the Chinese Central bank.
      Last but not least, chinese are patient people who rarely (if ever) act recklessly. Many analysts share the opinion that it is local protests, not the West, that the government of China fears the most. Under the status quo, the chinese economy grows steadily (I believe the official figures are bogus, but the growth is still bigger than in the US, or the EU), the debt to GDP is low in these new reality standards, the influence of China around the world grows proportionally to her economy, the military grows stronger as well (a chance to settle the dispute with Japan about the Senkaku Islands when the right moment comes). In fact, China has no interest in dethroning the USD, at least not in the current economic and geopolitical reality.

    • Occasnltrlvr

      Hello, Mr. “Crunch-time, report what you see.”

      What percent of the world’s monetary system is based upon trade?

      What is the single most-important goal of each nation’s economy, and how does that affect each nations monetary-related decisions?

      The price of gold (and relative holdings) affects these things, how?

      Mr. Jerry, you repeatedly insult others (me included)? My suggestion is that one attempt to remove one’s own scales, prior to calling names.

      I think that we agree that the current monetary system is unsustainable, must change, and is being changed. Beyond these, I haven’t the slightest clue what you suppose substantiates your various conjectures, as I understand them.

      The faithless, “worst kind of troll,” who cannot find his derriere with both hands, nor supplies links,

  3. NeoConMan

    Crisis in Europe from a New Zealand Perspective
    “Why aren’t we being shown Europe in deep trouble?



  4. oneno

    Michael Tsarion says the reason the Irish used to have small windows and doors in their houses was the British taxed the air they breathed.

  5. Dale

    Hi Greg, Everyone keeps talking about a bond market crash. I always thought of the bond market as government issued bonds. Does it also include private debt such as House Mortgage, Car loans & Credit Card debt etc.

  6. Smaulgld

    All year I have said the Fed will raise rates by the end of the year, just to stay ahead of the other central banks and to boost demand for UST bonds, which according to yesterday’s Treasury report is clearly in decline.

    Here is the full TIC report showing a big sell of in Treasuries in October.

    Fed policy primarily is focused on protecting the US’s most valuable asset-the dollar and its ability to get the world to buy treasuries so it can fund the massive welfare/ warfare state.

    Fed policy is NOT about the TBTF banks, the economy, the stock market or the job market-those are secondary objectives.

    The Fed knos without demand for treasuries, the Fed is done. A rate hike makes T bonds attractive compared to other bonds especially at a tim ewhen dollars are neded less becuase the price of oil is so low and some coutries are intentionally de-dollarizing.

  7. vincent_g

    I have to disagree with Micheal on what he is saying about business cycle.

    The business cycle ended in 2008!

    What we have now is not a business cycle.
    What we have is the depletion of wealth taking place.
    For the lower part of the middle class on down are all heading to bankruptcy.
    They are swimming in debt.
    For the upper middle class and the upper class you have wealth depletion.

    In both cases wealth is disappearing whether it be in the form of excessive debt or outright loss of ones wealth.

    Really the true business cycle died in the 1970’s when all normal rules of an economy went out the window with the gold standard.

    Short term gain became the preferred choice regardless of the long term consequences.

    • Edward Ulysses Cate

      Absolutely. Through our collective ignorance, we rewarded those who lied and stole. But now, there is little left to steal. So the financial sociopaths will attack each other.

    • Mike Gleason

      Amen, Vince.
      They will continue rigging the system until it collapses upon themselves. Unfortunately, it will collapse upon us first. When TSHF, be ready.

    • Deanna Johnston Clark

      The Harvard Business School completely changed its traditional philosophy around 1970. That philosophy taught future business leaders that their vocation was to make an honest, positive contribution to society. The law was to be respected not only in letter, but in spirit.
      Because my dad was a businessman, and loved to talk, I saw what happened…and so fast!! Suddenly a new style of “business” erupted…what we have now. Bottom Line takes first priority, and make it quick. The laws are for a game of brinksmanship, the spirit of service and decency scuttled.
      Cicero’s orations against the business class of Rome are now completely applicable to the USA.

  8. Scott

    Great guest, great interview. Always enjoy hearing what was Mr. Pento has to say, Greg.

    Keep up the great work.

  9. Jeff J.

    Excellent interview. I participated in your POLL: WHAT DO YOU THINK? Would America be better under Sharia Law or laws under the present constitution. I am shocked that “Sharia is best” is currently leading the poll. Do any of the voters know what Sharia Law is about? Perhaps an interview with someone knowledgeable in Islam/Sharia is in order?

  10. john duffy

    Greg, you do well to defend the Jewish people. The following 3 short vids are a powerful representation why Christians and Jews are brothers in arms and have to defend each other. And why Islam and Communism are two different sides of the same coin. They are both anti-semetic and anti-Christian and want to destroy our way of life.

    • Greg Hunter

      John Duffy,
      Thank you for the video–I just try to be fair.

    • sk

      john duffy! Try to get hold of Aleksandr Solzhenitsyn’s book “Two Hundred Years Together” (hope you’re multilingual, since that book is almost impossible to get in English, one can only wonder why this is so). Most of Communism’s movers and shakers in the earlier Soviet times (revolution of 1917, 1920’s, 1930’s, and WWII era were Jewish. It is only in the late 1940’s that Stalin decided to make it less so and more Russian.

  11. Zoey

    Doug Krause, JC Davis

    As a Catholic and a fellow Christian, I believe we have been called to be carriers of the message of God in this world, of the Word of God by personally bearing witness to the love of Jesus Christ. This is a serious commitment, and Jesus is asking us to whole heartedly “participate” not just “spectate.” I live in a NYC apartment building, and can only do basic preps due to limited space. Greg had expressed concerns about the horrific carnage that’ll probably take place in NYC. I do try to pray and stay close to God, keep up to date with current events, and prepare what I can. What will happen to America, what will happen to people around the globe, whether I’ll survive through the carnage will ultimately depend God, and I’m perfectly fine with it. Hence, I still stand by what I said “I have to leave everything up to God, and “I trust Him.”…whether or not I’ll earn the merit would be another matter, but I much rather be the bride than the wedding guest folks!

    • J C Davis

      Zoey. Well said. Cast in the whole of your cares to Jesus and let The Power of the Holy Ghost lead the way. When the time comes he will cause things to line up to protect you. This I have seen from him personally. Fear / Respect no thing but God in Jesus. However There are those called to protect in the army of the living God. The angles operate when we as soldiers open the door. You are more powerful then you know . The battle is in spirit. The results are physical. I mean you only love . J C

    • Doug Krause

      Hello Zoey, my main problem with the whole “God is in control or in charge or I am just gonna trust in Him”, is in my mind what new or baby Christians would say or believe, which is fine cause if you are a believer and Jesus is Lord you on your way to glory.
      Main stream every day Christianity in my eyes and beliefs is too lukewarm where we are waiting on God to do something cause we hope and pray ,bawl and cry hoping to get God to move on our behalf ,when in reality He is waiting on us to do something to this fallen world that’s being overrun with satan and his band of cohorts.
      God gave us His Spirit,Son,blood and His Word and His amour, ministering spirits (Angels)….every thing we need to be victorious down here, but we are preached a watered down gospel that barely keeps us awake in the pew while our mind wanders to the football game and cold beer.
      Zoey it really doesn’t matter where you live or what you have,if Jesus is your Lord and you dig in the Word and find out who you are in Christ and what belongs to you regarding the authority you have and dominion that was freely given to you cause Jesus is your Lord.
      Satan and his renegades will keep clear cause truly they are not sure if it’s you or Jesus behind that armour or covered in the blood of the lamb with those massive angels standing guard.
      Lots of information out there on this, that’s why it’s easy for me to say radical Christianity will be victorious over radical islam or a radical nut job with a gun….bless you on your walk and journey with our Lord.
      Maybe Greg will bring a full gospel preacher on as a guest to light a fire in us and get us believers declaring victory as we march in to spiritual warfare….boldly with no fear.
      Cheers Doug

    • Deanna Johnston Clark

      Zoey…the worst rats in NY will leave first. They aren’t interested in you.
      For an example of our countrymen and women in dire catastrophe, read “The Great Deluge”. The first few chapters are about who got things RIGHT and what they did.

      It’s very inspiring.
      God will help you make great choices.

  12. Jerry

    This is a small sample of what the American people are not being told about the war in Syria. I’m no military expert, but it sure looks like to me the Russians are using some type of tactical nuclear weapons on ISIS. Is this something we really want to get involved in?

    • eddiemd


      The camera is picking up some type of ionization during the blast. Any experts on demolitions out there to discuss this?

  13. Zoey

    Only God can be everywhere and attend to everything at the same and beyond time since He is the Creator. Satan can’t do this since is he is created just like the rest of us. That’s why he wants everyone to wear the mark of the beast for the ultimate surveillance, so he can imitate and act act like God. Only God can keep all of us in the palm of His hands.

    • Greg Hunter

      Very good point. Never thought of it that way! Thank you.

    • Harvey

      Zoey, I also like your comment.

    • Deanna Johnston Clark

      I often say, “Stay calm…the Father’s already there!!”

  14. Zoey

    They are pretty close to getting the mark of the beast, its just a matter of time…

  15. Bob NC


    That was another great interview. Thank you. If there is going to be a great reset of the currency (from your interview with Jim Sinclair) coincident with credit bubble crisis,
    wouldn’t you think that the gold banks (Goldman Sachs, JP Morgan, Citibank, etc.) would be accumulating the physical precious metals every time they drop the price in the futures market? They must know this plan is in the works and want to be positioned to maximize their gain when PM prices head north.

    Do you think “floor” should be “fore” in your text?
    ” . . . and gold will once again come to the floor . . .”

    • Greg Hunter

      Bob NC,
      I thin k that makes more sense and will change it. Thank you for the comment and the transcription mistake.

  16. Diane D.

    Another very interesting interview. Thank you Greg. And as usual, the comments are thoughtful. You have informed and savvy WatchDogs and they too are much appreciated.

  17. George T. (formerly George)

    Team led by Middle Eastern Woman Caught Surveilling U.S. Facility on Mexican Border (as reported by Judicial Watch) DECEMBER 16, 2015
    [more on the religion of blow us to pieces]
    A Middle Eastern woman was caught surveilling a U.S. port of entry on the Mexican border holding a sketchbook with Arabic writing and drawings of the facility and its security system, federal law enforcement sources tell Judicial Watch.

    The woman has been identified as 23-year-old Leila Abdelrazaq, according to a Customs and Border Patrol (CPB) report obtained by JW this week. Abdelrazaq appeared to have two accomplices, a 31-year-old man named Gabriel Schivone and a 28-year-old woman named Leslie Mcafee. CBP agents noticed the trio “observing the facilities” at the Port of Mariposa in Nogales, Arizona on December 2. Schivone was first noticed inside the entrance of the pedestrian area while the two women stood outside by the entry door, the CPB document states.

    When federal officers asked Abdelrazaq why she was drawing sketches of the facilities she “stated because she’s never been to the border,” according to the CBP report. Abdelrazaq resisted showing officers the sketchbook, citing personal reasons, but subsequently handed it over. “During the inspection of the Abdelrazaq sketching book, CBPOs noticed the book contained writings in English and Arabic language,” federal officers write in the document. “There were drawings of what appeared to be vehicle primary inspection area and an additional drawing of pedestrian turn stile gate depicting video surveillance cameras above the gate.” The report proceeds to reveal that the drawings were “partial and incomplete.”

    This distressing information comes on the heels of two separate—and equally alarming—incidents in the same vicinity. A few weeks ago JW reported that five young Middle Eastern men were apprehended by the U.S. Border Patrol in Amado, an Arizona town situated about 30 miles from the Mexican border. Two of the men were carrying stainless steel cylinders in backpacks, alarming Border Patrol officials enough to call the Department of Homeland Security (DHS) for backup. DHS officially denies this ever occurred, but law enforcement and other sources have confirmed to JW that the two men carrying the cylinders were believed to be taken into custody by the Federal Bureau of Investigation (FBI).

    Of interesting note is that only three of the men’s names were entered in the Border Patrol’s E3 reporting system, which is used by the agency to track apprehensions, detention hearings and removals of illegal immigrants. E3 also collects and transmits biographic and biometric data including fingerprints for identification and verification of individuals encountered at the border. The other two men were listed as “unknown subjects,” which is unheard of, according to a JW federal law enforcement source. “In all my years I’ve never seen that before,” a veteran federal law enforcement agent told JW.

    A week earlier six men—one from Afghanistan, five from Pakistan—were arrested in nearby Patagonia, a quaint ranch town that sits 20 miles north of the Mexican border city of Nogales. Federal authorities publicly confirmed those arrests after local media learned about them. JW has broken a number of stories involving serious terrorist threats on the southern border that have been disputed on the record by various Obama administration officials. Among these is an April report—confirmed by high-level Mexican authorities—about ISIS operating camps near the U.S. border in areas known as Anapra and Puerto Palomas west of Ciudad Juárez in the Mexican state of Chihuahua.

    Last fall JW was the first to report on an Islamic State of Iraq and Greater Syria (ISIS) plot orchestrated from Ciudad Juárez to attack the U.S. with car bombs or other vehicle borne improvised explosive devices (VBIED). As a result of JW’s reporting Ft. Bliss, the U.S. Army base in El Paso, increased security. The threat was imminent enough to place agents across a number of Homeland Security, Justice and Defense agencies on alert. A few weeks later JW reported that four ISIS terrorists were arrested by federal authorities and the Texas Department of Public Safety in McAllen and Pharr.

    • Linda

      Islamic Counter Terrorism Expert, John Guandolo (Former FBI) was interviewed on this Tuesday. He says that there is obtained paper evidence verifying that radical Muslims have successfully infiltrated the US and are planning a “ZERO HOUR” Jihad in America. We have been invaded, government hijacked and are at war and so many don’t even know it and won’t until entire cities are burning:

      • Deanna Johnston Clark

        Is he sure all these troublemakers are genuine Arabs? I don’t see many prayer mats in the photos these days. How does he know who they really are? If Muslim crazies are all over, why don’t I see them kneeling with their heads touching the ground 5 times a day?
        I’m a doubter.
        The world is a Venetian masked ball now.
        Some of the Irish Republican Army were hired and funded by sentimental Americans and criminal elite. They had no love for the Irish and killed Irish kids in the streets of London and Belfast. I always thought that was at least half staged.

  18. NC Gal

    Well, it’s official and apparently was unanimous. (

    The Fed just raised interest rates 25 bp or 1/4%. I expect a lot of volatility right away, but it will probably take some time for the actual effects to be known — that is if we ever know them, given the push from the West to start WW III.

    • NC Gal

      According to CNN, Yellen thinks the economy is doing just fine:

      ” The move was widely expected. It is a sign of how much the economy has healed since the Great Recession. The central bank believes the U.S. economy is strong now and no longer needs crutches and that the move “marks the end of an extraordinary period” of low rates designed to boost the recovery from the Great Recession.

      “I feel confident about the fundamentals driving the U.S. economy, the health of U.S. households, and domestic spending,” Fed chief Janet Yellen said during a press conference. “There are pressures on some sectors of the economy, particularly manufacturing, and the energy sector…but the underlying health of the U.S. economy I consider to be quite sound.” (

      Sure it is (sarcastic)!

  19. patriot 101

    “…beautiful,rare and indestructable”. sounds like money to me

  20. Smaulgld

    As predicted all year

  21. Jay Dee

    Greg, The condition of your eye doesn’t seem to be getting better. If you need time off, all of us want you to take it. Thanks for all the great service you are providing for this nation that we love so much.

  22. Galaxy 500

    Something wicked this way comes
    It is called islam

    • sk

      And you believe anything Galaxy500 says because of why?

      • Galaxy 500

        And you think anyone does anything but shake their heads and laugh at your profound posts?
        If so, I think you’re delusional

  23. tulip

    Solari present issue Dec 16
    Homan Square: Is Someone Prototyping Domestic Rendition? – Dec. 17
    Catherine Austin Fitts

  24. Terry

    On conservative sites like Breitbart the liberal trolls are gloating in a very childish way that their great leader successfully saved the US and world economies. Finally the little old ladies can earn a 1.25% rate on their CDs. Happy days are here again!
    Gold is down about $100 dollars from a year ago. I’m buying more. Funny thing, there are FAR fewer choices available to buy in coins and 1oz bars. They are almost gone.

  25. 8Ball

    John Kerry just met with the Russian leadership in Moscow and came out with the usual ambiguous statement: : “Russia and the United States agree that you can’t defeat Daesh (ISIL) without also deescalating the fight in Syria.” “Syrians will be making decisions on the future of Syria.” “We don’t seek to isolate Russia as a matter of policy.”

    Sound like the SOS to me… Daesh / ISIL When did they become a world power? I must have missed something along the way.

    • Galaxy 500

      And you believe any thing John Kerry says because of why?

    • WD

      Funny thing,

      Our reps are always going to Moscow? Makes you wonder who is really running things?

  26. Don

    Great interview Greg and Michael!!

  27. Coal Burner

    Greg: Great job, timely interview!
    Vincent: I like your line of thought.

    Jerry: Much as I like your useful input, that is not a nuclear x, no equivalent blast wave! To make a short answer. One opinion!

    • Occasnltrlvr

      Facts and reality are no impediment to some.

  28. Coal Burner

    Ah G…. 500 would you really call the origional ISIS guy wicked?

    • sk

      Coalburner, you mean Adam?

  29. Coal Burner

    Greg, I would like to turn a phrase right now, first on the USAWatchdog! The EU is a Zombieland! The countries of the EU are now Zombie countries. A combination of being overrun, or invaded by muslims and destroyed fiat money. I dont know that the elites intended to make it unlivable for civilized people but that is just an unintended consequence of EU and USA weak and very poor leadership. The old Europe is as good as gone.

  30. Don

    Dear Greg, Mr. Pento seems to be saying the implosion has begun, and the juke bonds are the first to fall. I wanted you ask what should the American public be doing, but I’m not sure there could be good instruction, other than the metals at this point. He seemed to present, not an immediate collapse, as some would suggest, but a drawn out process. The demand for PM hasn’t stopped, but strengthened, so a increasing amount of the public is loosing confidence in the Fed.. It’s hard to imagine, that all things going on right now in geo-political landscape, that the public would have any confidence in our leadership or Fed.. It has to be, the general knowledge of the public to connect the dots between globalist organizations and our leaders and the role the Fed. plays in all of this is still very limited. As for one, I have to conclude, that the economy with follow the characteristic as it would in a normal down turn, until its evident that a trigger has been set off to bring an unstable, chaotic, type atmosphere. It could be, those in power, will use false flags, or war, to bring that element in. A few days ago, an article run by a major new joint, said that two astonomers had view two large bodies at the edge of our solar system, and they believe it was the planet x system. I believe it was the Washington post that ran the article, if you’d like to look for it. By what I know in scripture, about celestial signs in the end time, the planet x system would answer the judgments in Revelations John spoke of. Well good job my friend, and may the Lord use you to help others see the truth.

  31. Sayonara

    Excellent interview with Michael Pento. Spot on – he must have been reading Janet Yellen’s mind before the interview. The Fed will continue to raise interest rates until the global economy turns over and the corrupt dollar gets kicked to the curb. In the mean, it is all about continuing to store AU and AG while it is still on sale as “God is not making any more elements that are beautiful, rare and indestructible.”
    The only question to be answered is WHEN?
    As always Greg, thank you for keeping us informed by the best.

  32. red

    Sorry to be a bit off topic here Greg. But seriously this whole meme about interest rates being a psychological play by the Fed. I call absolute rubbish. This is about the destruction of ordinary peoples collateral. These people are using a state “monopoly on credit” to borrow money to destroy the value of other peoples assets (gold/silver price manipulation) What the fed is doing is in effect monetary scorched earth. Any person who does not understand that this is economic warfare directed straight the middle and lower classes’ is an idiot. I do not buy silver as an investment. It is to remove my capital from the system!! 10 years is a nano second in economic terms. Much, Much more to say but seriously. When will the ordinary man get it! “BUY SILVER” if you want liberty and those other superlatives, by silver. It is a political statement to your own sovereignty.

  33. dennis

    SHARIA LAW..good news for those who feel this is better. Time to pack your bags and move back to your homeland of dirt and sand . You morons ins
    GREG turn on the barbeque pork and bacon burgers for all last meal in America.

  34. Varughese

    Thanks Mr.Pento. Thanks for mentioning the fact that we need to look into Revenue to Debt ratio not the GDP to Debt ratio. I get crazy when people still insist on GDP to debt ratio to say things are manageable.

  35. Calgirl

    Interview Willem Middelkoop About The Big Reset
    Posted on 15 Dec 2015 by Koos Jansen

  36. Galaxy 500

    Paul Ryan just out did Bohner. He sold out the American people. I knew when he met with Pelosi that he was selling us out. So who is passing this new budget that is selling out the American people.
    Trump / Cruz 2016

    • Grafique

      …and John Bolton as Secretary of State.

      • sk

        May I suggest Nikolai Yezhov? LOL

  37. Robert

    Our leaders have learned nothing from previous disasters of history. We certainly are boxed in, and thanks to Michael Pento for coming on and explaining once again, in addition to other guests you have hosted, something most people avoid: the truth and the almost guaranteed consequences of trying to ignore it. If you haven’t checked out this Wiki, it’s worth the time to read the one page summary of Joseph Tainter’s book “The Collapse of Complex Societies”. After you read Tainter’s analysis, ask yourself where the present world system is on that timeline.

  38. Htc

    Greg… I kinda feel like this rate increase is a signal to the world that it’s almost “go” time. Obviously everything about the economy is horrible haha. So why raise rates? Credibility blah blah blah, they don’t give a crap about credibility and raising rates isn’t going to fix anything.. so then why do it unless they’re signaling something? Nothing has improved since November or October whatever the last time the Fed talked about raising and then backed down.. so I’m confused what a month or two makes in the grand scheme of oh everything’s so much better now unless there were behind the scenes events taking place and they weren’t 100% ready to pull the trigger. I’m probably not saying anything that someone hasn’t thought about it already but my goodness this thing has got to be ready to start any day now…. right!?

  39. Htc

    Also.. Greg since all the sane and credible people you interview never seem to fully grasp what’s going on, based on their sane and logical thought processes. Maybe you should see if you can grab some psychopaths to interview.. ask them what they would do if they were “someone in power ” and go with that hahahah.

  40. Vince Shook

    For everyone thinking China (with any gold it may be accumulating) will “back” the yuan with gold or “peg” the yuan to gold’s price, please understand the implication of the following facts: (= probably means that is never going to happen):

    (1) IMF participating countries are not allowed to even PEG their currencies to gold. No country is allowed to BACK its paper money with gold (Swiss franc de-linked from gold May 1, 2000).

    (Hmmmm. Therefore, if SDRs are a basket of various country currencies, and China is to be a part of that basket ………?)

    (2) In 1978, gold was formally banned from the U.N. monetary system by an amendment to the IMF Articles of Agreement (1st Amendment, Article IV).

    (3) The amended Bretton Woods Agreement Act (sec. 24) even prohibits the U.S. from backing ITS dollar with gold:
    “The United States is barred by its obligations under the Articles of Agreement of the International Monetary Fund… from adopting an exchange arrangement by which the external value of the dollar is established and maintained in terms of gold.” (Gold Commission Report, March 1982, p.137)

    (4) Therefore, current U.N. monetary laws contradict the US Constitution.
    Gold and silver money are required by the U.S. Constitution. In 1792, an Act of Congress defined a legal dollar: 0.7734 Troy oz of silver -or- .04375 Troy oz of gold. Article I, Section 10 of the U.S. Constitution requires legal money: “No State shall… make any thing but gold and silver coin a tender in payment of debts…”

    Conclusion: Don’t any of us hold our collective breaths for any “reset” of the gold price in the future, any IMF basket currency ever being “pegged” to its price or any IMF basket currency ever being “backed” by gold. Listen to those posting the opposite here at your own financial risk. Do you see and understand what such hopes are up against? My thanks to a previous poster for the above information that was found deep in a link provided by them.

  41. Galaxy 500

    Here’s a little bit of reason for all the 911 conspiracy people

    • Greg Hunter

      By his own admission, he heated the steel up 300 degrees past the temp jet fuel can burn. No if we can figure out how Building 7 fell straight down in free-fall without being hit we will have some of our mystery solved.

      • Galaxy 500

        Blast furnace effect but even if you discount that, the hotter steel becomes the more elastic it become. Structure steel losses 40% of its tensile strength at 550°C [1050°F].
        We’ll just have to agree to disagree. But not how he bent the 1/2 inch rod with one finger

    • Sam Hill

      Gal –

      Watch this please. Why did both towers fall at free fall speed, not one floor offering any resistance to the floors above. That’s the definition of a demolition. And over 1500 architects from Architects for 9/11 Truth understand it was a demolition. Those guys understand what does and does not take down a building like what happened on 9/11. You need to wake up.

    • RTW

      Big deal. He heated a 1/2″ bar in his kiln for what, 30 minutes? Then he bends it. A parlor trick is all that is. You could heat a safety pin with a lighter and bend it, what does that prove? Nothing! Besides, we’re talking about a building (#7) that had no fire, jet fuel or otherwise, and it collapsed exactly like the other two. Wake up.

  42. red

    Greg , it would be great if you could get chris Duane on, i know he’s a prickly type of character but he really does’ lay it on the line for young people. If you could get him to concentrate on the opportunity these prices’ in silver for young people and how it really is the greatest chance for young working age people to acquire capital in maybe centuries’.
    Not talk about the “warrior spirit so much” too many warriors’ in the world for my taste. Just an idea. You know i love your show Greg.

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