Michael Pento

Michael Pento is the President and Founder of Pento Portfolio Strategies, produces the weekly podcast called, “The Mid-week Reality Check”, is Host of The Pentonomics Program and Author of the book “The Coming Bond Market Collapse.”

Articles by Michael Pento

Wall Street Cheerleaders like to claim that the tapering of Fed asset purchases is not equivalent to the tightening of monetary policy. But the markets are clearly telling investors something different. Year to date the S&P500 is down...
On November the 25th I published the following warning about the effects from the Fed’s imminent tapering of asset purchases:“There is a good chance that the beginning of tapering will lead to a reversal of the trade to sell gold ahead of...
Mr. Bernanke, in a move made mostly to bolster his legacy, stated in his final press conference as Chairman of the Fed that he would start to reduce asset purchases in January of 2014. Nearly every advisor on Wall Street took the news as...
On Monday, October 18th 1987, the Dow Jones Industrial Average lost 508 points (22%). There are many theories as to why the crash occurred, but the simple truth is that the panic stemmed from a sharp rise in interest rates. Likewise,...
The money supply as measured by M2 is now rising at a 12.1% annualized rate, which is causing the fickle Fed to renew its threats about ending QE. The minutes released from the latest FOMC meeting indicate the tapering of asset purchases...
The central banks of Japan and the U.S. are killing the private market for government debt. The massive and unprecedented bon-buying programs for Japanese Government Bonds (JGBs) and Treasuries have driven yields so low that investors are...
By now we have all heard it many times before…the Fed’s mantra about ending QE is starting to sound just like a broken record.  Our central bank is aware it has to stop manipulating credit and interest rates some day, and on a basic...
The market averages continue to set record highs, as investors are forced by the Fed into stock market speculation due to artificially-suppressed interest rates. But neither our central bank nor corporate measures deployed solely to...
Former Treasury Secretary Hank Paulson weighed in on the budget and debt ceiling gridlock in Washington and offered a solution last week by saying, “I hate the whole concept of a debt ceiling”. He also indicated that putting a legal limit...
The sad truth is that the primary function of the Fed and Treasury has now become the sustention and expansion of disastrous asset bubbles.  In fact, while Mr. Bernanke officially acknowledges QEs one through three, the truth is he...

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The Fourth Coinage Act of 1873 embraced the gold standard and demonetized silver, known as the “Crime of 73”

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