Record Global Debt Will Pop Record Bubbles-Michael Pento

By Greg Hunter’s “Early Sunday Release”

Money manager Michael Pento sees records being set in the financial markets. but not in a good way. Pento explains, “Let’s be positive here.  I don’t root for bad things to happen.  So, for the first time in history, we’re going to have bubbles that don’t pop?  Does that make any sense to anybody?  This is the first time in history we have a record level of debt and a record distortion in asset prices.  Again, a record amount of debt that, by the way, is 300% of global GDP.  That’s $230 trillion, and that’s supposed to turn out just dandy?  I don’t believe it.”

So, what would it look like if the central banks and the elite lost control of the markets and interest rates and the derivative market? Pento contends, “I think you have to stop saying ‘if.’  I think ‘if’



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