“MIDDLE CLASS Is SCREWED…” – Michael Pento
Michael Pento of Pento Portfolio Strategies discusses the implications of the Federal Reserve’s recent interest rate cuts, asserting that these measures are insufficient to address the underlying economic issues, including asset bubbles in real estate and equities.
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CREDIT:
Michael Pento Twitter
https://twitter.com/michaelpento
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20 Comments
Obama and Biden is not around to bail America out, and they didn’t want to give Kamala a chance. So with Trump as captain of the ship, we’re headed for a wreck, mark my words.
Bring on the walking dead times !
Its a ponzi. After one accepts this as fact, nothing will be a surprise.
This is a very nice 'surface' conversation. You've forgot the WEF's promise that by 2030 'You'll own nothing and be happy'. If you're not familiar with the Khazarian Mafia you should change that. The Rockefellers 2010 report called Lock Step spells it all out. The central banking cabal (headed up by the Rothschilds) has been screwing over and outright killing the middle class since 1770. They've fomented and financed every war/invasion/colour revolution since then.
I can remember Pento saying things will crash in 2010 or so.
14 years later, the market is at an all time high.
People who sat out that period lost tremendously as the central bank pronted money, manipilated markets, lied about inflation..etc.
My guess is when he turns out to be right, the central bank will simply scrap the dollar (thereby screwing those who waited till the crash) and implement CBDC.
Cheers to all us working poor’ I guess…
REVOLT
ANSWER. : REVOLUTION
Years after the example that was Brexit, people in the US still hadn't learned the lesson of "Be careful of what you vote for, you just might get it.".
!I am at the beginning of my "investment journey", planning to put 185K into dividend stocks so that I will be making up to 30% per year in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated..
I've been around for a long time. I cannot remember a time when working Americans, middle or lower classes, had things good. It's always been a daily battle, every year, every decade.
It’s the start of a depression.
WELL THE MATTER IS SIMPLE ITS ALL A PONZI SCAM AND THE PATRIOT SHEEP HAS BEEN LOOTED VIA FIAT BY ITS VERY OWN !!!!!!!!!!!
Powell’s not in charge
M2 just did something it did during 1929!
Everyone is the gas that they keep spending get on top of that but you have to stand understand. This is a debt base system. Once you stop issuing the dead printing, the money, Ponzi scheme completely crashes.😂
The idea of the great reset evolved from the fact that the banks know that the current modern economic theory, who is actually the mechanism for the greatest wealth transfer in mankind. Has run its course now we’re witnessing the end.😢
There is a flaw in the financial matrix. Your cost of living continually goes up due to the built-in inflation program by the federal reserve. Therefore, your wages have to go up to match the increase in prices due to the inflation it’s baked into the system.😮
What middle class?
Prices inflated on most products were 25% – 50% some went up 100%in 4 years!!