I am Overweight Gold, Shorting Stocks | Michael Pento Interview

Michael Pento told me that "we are on the edge of a cliff" and that he thinks the reason why we haven't gone over that "cliff" yet is because of government and central bank incentives like the "Bank Term Funding Program" which "printed $400B in 2 weeks", Pento told me.

Michael is currently in "defensive mode" and gold makes up about 11% of his clients' portfolios, but he is looking to increase that as well as go short the market, potentially later this year.

Find out more about Micheal Pento and his economic outlook at https://pentoport.com.

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Timestamps
00:00 intro
00:20 Important note
01:23 Michael Pento's economic outlook
04:40 When could it all go down?
06:06 Will money keep leaving the banking sector?
13:15 Will money keep going into reverse repo?
15:00 Is this bullish for the USD?
16:01 Another rate hike?
17:25 Can the FED save the economy?
24:00 QT + rate cuts?
25:40 What is Michael Pento investing in?
31:30 What's Michael's largest position?
32:13 More about Michael Pento

Was there something wrong with what the guests said? Did I fail to ask an important question? Did I make a mistake? Is my hair ugly, my voice stupid, and my face misaligned? Please tell me about it. Criticism and skepticism are highly welcome and help me learn. Thank you.

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