If the U.S. Government measured inflation correctly, it would probably be closer to 8% than the 2% they project. The dollar is at risk of losing reserve currency status and banks are at risk of collapse under the weight of over $7 trillion worth of junk bonds and collateralized loan obligations and triple B debt. On this week’s Retirement Lifestyle Advocates radio show, your host Dennis Tubbergen talks with Michael Pento about these issues and, more importantly, how to protect yourself and your portfolio from the massive fiscal and monetary cliff that we’re headed over.
Michael Pento is the president and founder of Pento Portfolio Strategies. He produces the weekly podcast “The Mid-week Reality Check” and is author of the book “The Coming Bond Market Collapse.”
For more information about our guest Mr. Michael Pento, please visit http://pentoport.com/