Economist Michael Pento says forget the “Fiscal Cliff” you have been told about. Pento charges, “The real ‘Fiscal Cliff’ is the coming currency and bond market collapse.” Pento says if we stay on our current path, “We are in for an interest rate shock that will make the Great Depression look like the days of wine and roses.” The open-ended Fed money printing is creating “. . . a fictitious world of artificially low interest rates,” according to Pento. He says, “We need to move quickly towards a balanced budget . . . yes, it will be painful for a lot of people.” If we don’t change course, Pento says, “A financial collapse is inevitable . . . the free market will force this Fiscal Cliff upon us. There is no way around it.” If you ever wanted to hear Mr. Pento uninterrupted and unfiltered by mainstream financial media, here’s your chance. Join Greg Hunter as he goes One-on-One with Michael Pento of Pento Portfolio Strategies.
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.