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3 Huge Crises Hitting at Once, 'Big Problem' Ahead For Banking System: Michael Pento
Manage episode 483079628 series 3343078
Michael Pento is seeing clear signs that the US economy is facing massive danger, as crises on multiple fronts are evolving into systemic risk for the banking system and threatening to curb the Trump administration's efforts to wage a global trade war. Michael explains why in the face of these facts, he's moved capital into the commodities sector and is relying on precious metals as a ballast in his portfolio, as he sees a clear move away from the dollar and towards gold by foreign nations.
Subscribe to the TRENDS Journal: https://trendsjournal.com/subscribe (Use coupon code COMMODITY for 10% off)
Pento Portfolio Strategies: https://pentoport.com
Follow Jesse Day on X: https://x.com/jessebday
Commodity Culture on Youtube: https://youtube.com/c/CommodityCulture
342 episodes
Manage episode 483079628 series 3343078
Michael Pento is seeing clear signs that the US economy is facing massive danger, as crises on multiple fronts are evolving into systemic risk for the banking system and threatening to curb the Trump administration's efforts to wage a global trade war. Michael explains why in the face of these facts, he's moved capital into the commodities sector and is relying on precious metals as a ballast in his portfolio, as he sees a clear move away from the dollar and towards gold by foreign nations.
Subscribe to the TRENDS Journal: https://trendsjournal.com/subscribe (Use coupon code COMMODITY for 10% off)
Pento Portfolio Strategies: https://pentoport.com
Follow Jesse Day on X: https://x.com/jessebday
Commodity Culture on Youtube: https://youtube.com/c/CommodityCulture
342 episodes
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