⚡For all your gold & silver buying needs, be sure to email info@milesfranklin.com and write "CapitalCosm Sent Me" in the subject line for the most competitive pricing on physical that I could personally find out there 🥇🥈 ⚡Also be sure to check out Michael's socials and websites here: linktr.ee/michaelpento
Mike is a realist and a living legend! Love hearing his perspective. Here in New Zealand I have renamed the middle class into the working poor ant people unfortunately this is now the majority of us as our incomes are pitiful to the cost of living crisis we face despite our efforts to live on the smell of a oily rag.
Fiddling with the interest rates in either direction or tweaking Fed policy is no panacea. Mathematically, the system is beyond repair. A complete monetary default, restructuring and reset is essential and inevitable. Put on the big boy pants and rip off the band-aid. Time now for getting down to serious business.
The dollar bill is worth $0.10 of the dollar of what it used to be. Food prices still going up.. house prices still climbing in my area outside of NYC... Stock prices breaking new highs... Go figure nothing is stumbling!
I completely agree. It's not just about the dividends, Diversifying a portfolio can be a smart move and improve risk management, i always advise one gets a professional to help you out.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. Look her up to see if she meets your criteria.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
The system will crash, people will be ruined and panick, the Fed will come and say: I have the CBDC solution! And people will jump into the frying pan, abandoning their monetary freedom. You can see it coming months in advance.
Don’t you listen to Pento. The economy can not sustain even 3 or 4% anymore. Rates will soon be back down to 2% soon enough. Giant Government debt at 5% is unsustainable - most of government expenditure is now interest in debt.
@rossperreault3199 Of course supply is tight. Existing homes make up the largest part of the market. No one who has a 3% mortgage is going to sell their home only to move into the similar home at a higher price with a 6 or 7% mortgage. The way the local property tax appraisal districts arejacking up home values each year if you just mow the lawn and the insurance companies following suit,.. laughing all of the way to the bank,... is robbery. And on top of that,... people are suffering accumulated inflation of 20 to 30% and ongoing inflation of 4% (that's reported.// real is higher),... because of the criminal deficit spending of this incompetentcorrupt Bribem administration. They're giving aways $100's billions to college students for you to carry the burden of repayment. If you voted for Bribem and the demcorats,.. you're getting what you deserve. If you vote for them again,.. you're just tooinsane to vote.
Supply is tight at these interest rates yes, but if people who have. The aren't selling becuase if the lock in effect, that means they don't aren't the ones really participating in the wealth gain from the stock market. And similarly, the people not buying also don't gave the cash. So if interest rates go down, the sellers can then afford to sell at lower prices and will to compete, if they want to get out of the house either permanently or into another. If prices keep staying high, with new home building also coming onto the market without buyers, it will be notably cheaper to just buy raw land and all the labor and materials that go into a home that are now longer being bid up, since prices and breadth of the high prices are not enough to move the whole market for the few homes that are selling. Average prices are high becuase inky those with wealth are able to transact right now, and as more comes online, that trend grows in the other direction. May never be exactly what it used to be priced at, but certainly has a long way to fall to be a market that works for everyone, existing home owners included.
Pento has been wrong since November 2022. Go back and listen to his positioning. Directly request his portfolio performance from his investor lady. He’s gotten smoked. Ok or maybe he’s 10 years early….
No. We will not laugh at stupidity that says it is possible to go to banks & ask for huge loans when u have a debt of 700%…ignorance is the greatest evil & we do not laugh at evil.
I respect Michael a LOT but he has nothing to say about BRICS dedollarizing or Saudi Arabia leaving the petro dollar. Both those things will be what causes an economic crash for the US.
⚡For all your gold & silver buying needs, be sure to email info@milesfranklin.com and write "CapitalCosm Sent Me" in the subject line for the most competitive pricing on physical that I could personally find out there 🥇🥈
⚡Also be sure to check out Michael's socials and websites here: linktr.ee/michaelpento
Love Michael Pento! He is excellent.
Def is!
Michael is one of my favorite analysts. He is intelligent, articulate and tells ya how it is. Great interview
Pento is fantastic! He has a brilliant mind and speaks the truth. Great interview!
Pento's a great analyst
Thank you ✔️
Anytime Tom!
Thank✔️✔️
Mike is a realist and a living legend! Love hearing his perspective. Here in New Zealand I have renamed the middle class into the working poor ant people unfortunately this is now the majority of us as our incomes are pitiful to the cost of living crisis we face despite our efforts to live on the smell of a oily rag.
Go Michael Go!
Fiddling with the interest rates in either direction or tweaking Fed policy is no panacea. Mathematically, the system is beyond repair. A complete monetary default, restructuring and reset is essential and inevitable. Put on the big boy pants and rip off the band-aid. Time now for getting down to serious business.
Prepare for serious civil unrest.
Go Michael Go
Yes sir!
great podcast interview..it would be great if we could have more explanation of the five stages that Michael mentoned..
Go Michael Go!! Always appreciate your knowledgeable light in the current financial darkness ❤
Banks will NEVER be honest how solvent they are. They don't want a run on their bank.
Thanks for the interview with one of my favorite Austrian-School adherents!
Glad you enjoyed it!
The dollar bill is worth $0.10 of the dollar of what it used to be. Food prices still going up.. house prices still climbing in my area outside of NYC... Stock prices breaking new highs... Go figure nothing is stumbling!
The stock market also hit all time highs in hyperinflationary Weimar
Market crash fatigue is affecting many people who are tired of hearing bad news. I want to diversify my $250k portfolio.
I completely agree. It's not just about the dividends, Diversifying a portfolio can be a smart move and improve risk management, i always advise one gets a professional to help you out.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
I've been getting suggestions to use a market expert too, but where and how to find one has been challenging, Can i reach out to the one you use?
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. Look her up to see if she meets your criteria.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Tokyo is in the same hemisphere as North America. Hard to fault Rick but maybe his geography isn’t as good as his geology! Love him. X
Smart move to interview Mr. Pento : Top Gun Guy
The only thing you should ask a Bank is give me my money back
Well put!
I like your guest list. New to channel. 🙂
The financial system died on 2008. This is the endgame so that global digital currency will be the laws of the land!
The system will crash, people will be ruined and panick, the Fed will come and say: I have the CBDC solution! And people will jump into the frying pan, abandoning their monetary freedom. You can see it coming months in advance.
I never understood Michael's view one long duration. If the fed cuts wouldn't they go back to QE to ensure long duration rates go down?
Go michael go
Yes sir!
A real estate bubble will be hard to crack with more money printing and lower rates in our future.
Yes, I am thinking more, like depression, then HYPERstagflation !
omg. he is 60?? man I clearly haven't aged well lol
Same here! And I'm half his age!
"kicked off by CNBC" is a badge of honor!!! Oops...The interviewer said that as I'm typing this. But it's worth repeating repeating repeating
sure is!
No cuts - that’s the past dude Rate cut .25 just to try to make people happy.
Everyone is addicted to low rates ( to low rates)
Don’t you listen to Pento. The economy can not sustain even 3 or 4% anymore. Rates will soon be back down to 2% soon enough. Giant Government debt at 5% is unsustainable - most of government expenditure is now interest in debt.
Money markets are not insured, that us a concern
Of course they are
Will 30 year treasuries soar soon?
Daniele Martino Booth says we have been in recession since October.
Michael wears his "got the boot from CNBC" like a badge of honor, LOL. (33 minute mark)
Thanks for the shoutout lol
I know a French journalist who wears his ''got nicknamed pope of fake news by Le Monde'' like a same badge of honour!
After 50 years of saving in banks I now save in bitcoin.
Hope it works out for you my friend!
One cut this year, not two
That's what Powell said!
@@capitalcosm Last December Powell said to expect six or seven rate cuts in 2024!!! No inflation here...
Inheritance From the Planet Krypton Kryptheum Synthetic GOLD AI "Bouncing Betty"
Michel get a light for your face. Is $20 too much an investment?
I’m not sure we have a housing bubble because supply is tight
This is true - I'm kind of on the fence with this one
@rossperreault3199
Of course supply is tight. Existing homes make up the largest part of the market.
No one who has a 3% mortgage is going to sell their home only to move into the similar home at a higher price with a 6 or 7% mortgage.
The way the local property tax appraisal districts arejacking up home values each year if you just mow the lawn and the insurance companies following suit,.. laughing all of the way to the bank,... is robbery.
And on top of that,... people are suffering accumulated inflation of 20 to 30% and ongoing inflation of 4% (that's reported.// real is higher),... because of the criminal deficit spending of this incompetentcorrupt Bribem administration.
They're giving aways $100's billions to college students for you to carry the burden of repayment.
If you voted for Bribem and the demcorats,.. you're getting what you deserve.
If you vote for them again,.. you're just tooinsane to vote.
Supply is tight at these interest rates yes, but if people who have. The aren't selling becuase if the lock in effect, that means they don't aren't the ones really participating in the wealth gain from the stock market. And similarly, the people not buying also don't gave the cash. So if interest rates go down, the sellers can then afford to sell at lower prices and will to compete, if they want to get out of the house either permanently or into another. If prices keep staying high, with new home building also coming onto the market without buyers, it will be notably cheaper to just buy raw land and all the labor and materials that go into a home that are now longer being bid up, since prices and breadth of the high prices are not enough to move the whole market for the few homes that are selling. Average prices are high becuase inky those with wealth are able to transact right now, and as more comes online, that trend grows in the other direction. May never be exactly what it used to be priced at, but certainly has a long way to fall to be a market that works for everyone, existing home owners included.
He's gloomy but he's also right...
Pento has been wrong since November 2022. Go back and listen to his positioning. Directly request his portfolio performance from his investor lady. He’s gotten smoked. Ok or maybe he’s 10 years early….
Michael predicted 117 out of the last three recessions.
No. We will not laugh at stupidity that says it is possible to go to banks & ask for huge loans when u have a debt of 700%…ignorance is the greatest evil & we do not laugh at evil.
I respect Michael a LOT but he has nothing to say about BRICS dedollarizing or Saudi Arabia leaving the petro dollar. Both those things will be what causes an economic crash for the US.
They are just icing on the cake
The dollar is the biggest problem. Everything else is just noise. This is the problem that this country never faced before.
Go Michael go
Let's go Michael!
Go Michael Go
Go Michael go
Let's go Michael!
Go Michael go