Michael Pento: The Middle Class Is Getting Destroyed, While Assets Are 40% Overvalued

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  • Опубликовано: 4 май 2024
  • WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at www.thoughtfulmoney.com
    With the market now expecting less than 2 rate cuts this year -- perhaps none at all until next year according to Bank of America -- what does that mean for the economy?
    Can it handle "higher for even longer" interest rates without slowing markedly?
    Or, even worse, something systemic breaking?
    And what impact will these higher rates likely have on stock, bonds and other asset prices?
    To find out, we're fortunate today to talk with money manager Michael Pento. president of Pento Portfolio Strategies.
    Michael is "not happy". He's very concerned that the crown jewel of our capitalist society, the middle class, is getting "destroyed". He sees nothing good coming from that.
    And looking ahead, he sees a disinflationary recession happening in the second half of 2024, to be followed in early to mid-2025 by an era of stagflation more extreme than we've ever experienced.
    #inflation #stagflation #recession
    _____________________________________________
    Thoughtful Money LLC is a Registered Investment Advisor Solicitor.
    We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.
    We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor in good standing with the Financial Industry Regulatory Authority (FINRA) who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.
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Комментарии • 861

  • @adam.taggart
    @adam.taggart  10 дней назад +25

    SUBSCRIBE TO OUR FREE NEWSLETTER at adamtaggart.substack.com (or upgrade to premium to receive our "Adam's Notes" summaries to this interview & all others on this channel)

    • @titantrader6436
      @titantrader6436 9 дней назад +1

      Everyone claims the FED only controls the short end yet during covid the FED bought corporate bonds. Why would they print and buy long end. Yellen is already not selling much on the long end because they don't have the buyers for that junk. You'd have to be insane to buy the long end in these times except for a trade, good luck with that. BTW IMHO on all written here.

    • @faithharris3439
      @faithharris3439 8 дней назад

      Good luck with more accountability and restraint. You made a joke 😂
      Christ is THE one and final answer!

    • @gulp0000
      @gulp0000 6 дней назад

      ruclips.net/video/7hx4gdlfamo/видео.html

  • @tommygrubbs2053
    @tommygrubbs2053 10 дней назад +141

    In contrast to this fairly stark and depressing discussion, Mike nailed it when he said you may be the best interviewer on the planet right now. You have this incredible knack for extracting useful and very insightful information out of a brilliantly curated roster of guests.

    • @adam.taggart
      @adam.taggart  10 дней назад +21

      Wow -- I think this might be the nicest feedback I've ever received. Thank you!

    • @mackakiwinz4353
      @mackakiwinz4353 9 дней назад +13

      Well said Adam is a cut above the rest. Sincerity and intelligence being large factors IMO.

    • @chrismostert4394
      @chrismostert4394 9 дней назад

      Well done guys. Michael stop just short calling the MWEFers for who they actually are.? Khaza-rian Mafia anyone?

    • @connormchugh4457
      @connormchugh4457 9 дней назад +6

      Completely agree. Adam is the best interviewer I've seen and someone I look forward to listening to every week.

    • @arrowadventures11
      @arrowadventures11 8 дней назад +3

      100% agree

  • @mikeinportland30
    @mikeinportland30 10 дней назад +133

    I 100% share Pento's anger rant at the beginning. We should all be angry over the malign damage the Fed has done to the middle class with its actions - hubris mixed with short term stupidity. There was a widely used saying in Russia prior to the '17 revolution about the Tsar's disastrous running of the war (WWI) - "Is it stupidity or is it treason?" That sure pops in my head every time I hear of the Fed.

    • @honestyfirst3994
      @honestyfirst3994 9 дней назад

      It’s clearly treason!

    • @EMan-cu5zo
      @EMan-cu5zo 9 дней назад +8

      It’s our g+oven-ment spending that is out of control.

    • @EMan-cu5zo
      @EMan-cu5zo 9 дней назад +6

      Have to try to get around big boss RUclips censorship

    • @ecosignals
      @ecosignals 9 дней назад

      ​WILD. ppl have to RE-learn how to surf the WEEKLY changing landscape of ai, algos, and whataboutisms, just to be HEARD. (go ahead and scream your lungs out... over in a "free speech" box. Aka solitary confinement)
      I'm so glad we've entrusted the survival of humanity to a handful of people based on what they took that day 💊, or whether they got a certain tax break or comp package
      (Capitalism winning is good? right?)
      Makes me feel like millions of voices were unheard, left twisting in the wind.
      unique to every platform, of course.
      But just curious, there's some kinda safeguards to ensure this isn't, say, wildly manipulated by those with sympathies to foreign actors....
      ...... riiight..ch..uble ?! !? ?!
      @EMan-cu5zo

    • @annhomrich7921
      @annhomrich7921 9 дней назад

      I believe it is treason. It appears as stupidity/foolishness, but if you look back over many decades, if we look deeper and not just believing the narrative we are fed from federal government and the mainstream media, we may see the corruption of many impactful decisions that have been made to get to this point, and revealing a conspiracy, not theory, but a conspiring of governments to make its citizens weak, stupid, broken, and helpless, so that it sets us up for their agenda of the 'great reset'' or to get its citizens as servants of the government (or corporate elites?) (instead of government whose stated goal is to serve the people and to maintain justice), watching and controlling your decisions and purchases and limiting your access to goods and services, essentially controlling our lives (i.e., creating smart cities, limiting of access to healthy natural meat and inventing lab-grown meat, poisoning our food and water in various ways that are cancerous...). This and the continuing actions of government leaders, ultimately sets the stage for a one-world leader to create and control a one-world religion, a one world currency system, and the final world government as a ten-nation confederacy as revealed in Scripture, i.e., the Book of Daniel, the Book of Revelation. Regardless of what our overreaching, corrupt government does, we have a choice to do what is right in God's sight in every area of life.

  • @johncyr3916
    @johncyr3916 10 дней назад +65

    The 12 apostles comparison was awesome! Michael is so right on how we view the Fed.

  • @deemarie2615
    @deemarie2615 10 дней назад +165

    Please have Micheal Pento back on.

    • @wapiti3750
      @wapiti3750 9 дней назад +7

      You gotta love an Italian guy that most likely isn't mob-affiliated!

    • @mattkrumal239
      @mattkrumal239 9 дней назад +5

      1000%

  • @toddgammons9400
    @toddgammons9400 9 дней назад +49

    Great interview. I'm saddened and even angry what the leaders of our country has done to us. The middle class is being wiped out by the rich men north of Richmond

    • @Joe-qv6jh
      @Joe-qv6jh 5 дней назад

      Sad ? Angered ???
      Yet, YOU will do NOTHING to change the destruction of your own wealth..
      😂

  • @patrickhamilton5829
    @patrickhamilton5829 9 дней назад +82

    Michael Pento seems like a genuine man with morals and integrity who cares about the little guy on the street.

    • @george0r510
      @george0r510 9 дней назад +6

      a MAJOR PROBLEM IS THE LITTLE GUY ON THE STREET DOES NOT CARE AOBUT THE LITTLE GUY ON THE STREET, ANY MORE EITHER. Have you not noticed how people will not speak up, and how they are restrained not to intervene, to act, or are afraid to speak or act. For example, workers in stores are instructed not to stop shoplifting, and as soon as a power failure happens groups are looting??? in many places, not all...... I notice people with a nonchalant way not approaching issues that need to be a public outcry and the people in the communities just walk by. It is very prevalent....to not speak up about correcting the obvious......WHY, fear, stupid, too busy working, too busy playing, diverted attention, ????? you call it. Too much strain trying to exist, What is it, I see, but can't define, or do you have a definition....

    • @sharktoothdiver
      @sharktoothdiver 9 дней назад +3

      @@george0r510 Very good point. People now days will pick up a phone to record a video, than to help a person getting their butt kicked.

    • @davenchop
      @davenchop 8 дней назад +2

      hes a salesman..they all say that

  • @user-eb3pi4tv9k
    @user-eb3pi4tv9k 9 дней назад +70

    The middle class has been wiped out everywhere, not just the USA, by degrading the money, I live in the U.K. where toxic politics and brexit have wrecked sterling.

    • @sinjohnsmyth8301
      @sinjohnsmyth8301 9 дней назад

      Don't blame Brexit, look at the rest of Europe. It is however down to the so called politicians from every 'party ' ,all of whom are either bribed or blackmailed by the people who own the central banks and m.i.c. All our central banks are Rothschild central banks. Look no further

    • @RDMARTIN1401
      @RDMARTIN1401 8 дней назад +3

      The stock market had more money in it this it was its real value ….. so lnvestors sold out stocks and purchased foreclosed real estate c and the rented it back to to ones foreclosed on . The more property that was purchased inflated property values resulting in ballooning housing costs . Property investors are more secure with tangible and more liquid investments than the gamble of the markets . Home values were driven up (buy) the property investors .. that’s what I see happening . Not to mention the county property values going through the roof !

    • @MarkShinnick
      @MarkShinnick 8 дней назад +1

      What then explains the wrecking of parts of the EU?

    • @lukewarme9121
      @lukewarme9121 8 дней назад

      How soon before the U.K. becomes Muslim majority?

    • @prolific1518
      @prolific1518 8 дней назад +3

      ​@@RDMARTIN1401 home prices were driven up zero % interest rates. Central Banks caused this for their rich banker friends.

  • @christinab2074
    @christinab2074 10 дней назад +55

    One of your most honest and realistic guest you can have on your channel. BRAVO 🙌 The majority of the rest just don’t understand the severity we are in

    • @VinceTomJones
      @VinceTomJones 8 дней назад

      We have entered into the biggest economic and social collapse in recorded History..
      America is imploding.. . 34 Trillion dollars in debt.... Millions of illegal... Tens of millions living below the poverty line...Thousands upon thousands living in tents and in their cars....Infrastructure crumbling... Whole neighborhoods abandoned... Crime out of control..... and Russia/China breathing down their neck... ... Fancy that how could this have possibly happened. But... The bigger question is WHY has this Happened..
      Thesis: Present the status quo, the viewpoint that is currently accepted and widely held.
      Antithesis: Articulate the problems with the thesis. (Hegel also called this phase “the negative.”)
      Synthesis: Share a new viewpoint (a modified thesis) that resolves the problems.
      When THEY have achieved total lawlessness and the coming depression ... They will not have to take total control.... The so called "citizens" will hand it to them on a plate... It's close now

  • @mrsterling5306
    @mrsterling5306 9 дней назад +49

    Adam!,
    I wish at least 20 million oblivious Americans could listen to this conversation.

  • @lorrainee4841
    @lorrainee4841 10 дней назад +123

    Love Michael Pento- brilliant and HONEST!

  • @jayjones7776
    @jayjones7776 10 дней назад +63

    Michael Pento gets the highest respect, most admiration and is a beloved analyst. ❤❤❤❤❤❤.

    • @MrTigerStarX
      @MrTigerStarX 8 дней назад +1

      Even though he's been wildly inaccurate for 2 years?

    • @davenchop
      @davenchop 8 дней назад

      @@MrTigerStarX ..first person besides me i noticed that can see the real truth.
      hes a salesman.
      im not saying the man
      is wrong but he spews off countless possibililities and then months later talks about only the ones he got right
      which isnt many

  • @lourdes3458
    @lourdes3458 9 дней назад +46

    I am a spaniard who lives in Ecuador, everywhere in the western world happens the same as in USA, Iam very impressed by this interview , not because what it is said (Mr Pento and Mr taggart are both really brilliant ) but for the feeling of true sadness you convey. I feel the same pain you good americans feel for the demise of our once great countries. If this serves you, Think about it in this way. You americans most recently, like us spaniards did in the XVI and XVII th century, "conquered" the world and achieved "human glory", but did very bad things to lesser peoples. We used our power not to pull up our weaker human fellows in other nations but to forge an empire that opressed them AND IN THE PROCESS OF TRYING TO HOLD TO THAT EMPIRE FOUGHT EVERYONE AND RUINED OURSELVES
    The dark times that are coming is God´s chance for all of us to repent and pay for our sins becoming humble and abandoning our selfish individualism and insouciance. As your great ancestor Thomas paine once said " IF THERE HAS TO BE TROUBLE LET IT BE IN MY TIME SO THAT MY CHILDREN MAY LIVE IN PEACE "......the best of America has never been modern industrial monopolistic capitalism (this is our curse that is destroying us all modern westeners)...... but the revolution against the british king, the constitution, the bill of rights , democracy undestood as government by the people and for the people.......the religious and enterpreneurial spirit of the pilgrims, settlers and inmigrants (that gave birth to this meritocracy that you talked about) and your openness to receive people from all over the world.
    ¡¡ RISE UP YOU DESCENDANTS OF CROMWELL, OF THE PURITANS, OF THE ENLIGHTMENT......SONS OF FRANKLIN, WASHINGTON, JEFFERSON, JACKSON AND LINCON.....CONTEMPORARIES OF KENNEDY , DR KING AND MANY OTHERS !!
    ¡¡ RISE UP , REMEMBER THAT "THE TREE OF LIBERTY MUST BE REFRESHED FROM TIME TO TIME WITH THE BLOOD OF PATRIOTS AND TYRANTS" ¡¡

  • @timharbert7145
    @timharbert7145 10 дней назад +36

    All debt destroyed the middle class - consumer, business, and government. All debt is inflationary.

  • @insomniactravels6185
    @insomniactravels6185 10 дней назад +45

    Michael is even more animated than his usual colorful self, Love it! Need to have him back more often!! 🙂.

    • @EMan-cu5zo
      @EMan-cu5zo 9 дней назад

      Unfortunately not for anything positive.

  • @markmcguire7261
    @markmcguire7261 10 дней назад +39

    Adam and Pento Is 2 🐐 s. I love both how so honest and genuine they both are. You won't find better humans.

    • @benlatimer9495
      @benlatimer9495 7 дней назад

      Well possibly Jesus, but yeah they are great..

  • @mrsterling5306
    @mrsterling5306 10 дней назад +39

    “Asset prices have NO business being where they are”…… AGREED!!!

  • @Kevin-kx8mk
    @Kevin-kx8mk 7 дней назад +15

    Michael Pento is a great guest and wicked smart.

  • @deborahgaines4402
    @deborahgaines4402 9 дней назад +14

    Excellent and honest interview, Adam and Michael. Unfortunately, you have confirmed my deepest fears. I'm in my 70's . I was raised by parents who survived the great depression. The worst is yet to come.

  • @Maniakkkkkk
    @Maniakkkkkk 5 дней назад +400

    When we hit $5 Million this year it felt good but was kind of anti climatic. You still keep working, saving and making good choices in an unstable economic environment. However, despite market gains, our portfolio has stagnated. Seeking to improve it and maximize returns.

    • @ApBurger3532
      @ApBurger3532 5 дней назад +2

      Everyone needs a Margin of Safety in their portfolios. While I can't offer personalized advice, consulting a fiduciary advisor is crucial for sound portfolio restructuring.

    • @game46632
      @game46632 5 дней назад +3

      De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I have been investing for 11 years, 5 with a financial advisor, I've achieved a 10x return compared to DIY efforts, totaling nearly $2m ROI. My best yet.

    • @ItPhenn
      @ItPhenn 5 дней назад

      Your advisor must be really good. How I can get in touch? My portfolio's decline is a concern, and I could use some guidance.

    • @game46632
      @game46632 5 дней назад +3

      "Jill Marie Carroll" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

    • @ItPhenn
      @ItPhenn 5 дней назад

      Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

  • @freddie19hki
    @freddie19hki 9 дней назад +9

    Bring him back as a guest? Nahh, we need to engage him for something like a "weekly Micheal Pento's corner" ASAP

  • @mattmccracken1768
    @mattmccracken1768 10 дней назад +158

    I used to have a sign on my desk that said, "If you can remain calm whilst all around you is in chaos, it probably means you don't comprehend the seriousness of the situation." Perhaps these markets are finally recognizing the seriousness of this situation.

    • @thomasrennicke7107
      @thomasrennicke7107 10 дней назад +6

      Kipling

    • @Erikpdx
      @Erikpdx 10 дней назад +24

      When has panicking or getting upset ever helped? It causes you to behave irrationally. Keeping your cool and working through it thoughtfully is a skill

    • @terrygamer-dg6vi
      @terrygamer-dg6vi 10 дней назад +4

      @@Erikpdx It's a life skill we need to develop by learning and understanding so we can do just what you say, problem solving and working through it.

    • @chopchopbc
      @chopchopbc 10 дней назад +6

      @@Erikpdxstaying calm is often because people are oblivious to/ complacent. See it all the time.
      Staying at Defcon 5 if the situation warrants more will see you get wiped out.

    • @danielturner9832
      @danielturner9832 9 дней назад

      ​@@Erikpdx I actively trade the markets but use a method that takes emotion out of it.

  • @RobWilliams007
    @RobWilliams007 10 дней назад +34

    Exactly, we are insolvent. Michael is one of my favs. He and Luke Gromen.

  • @lfw3733
    @lfw3733 9 дней назад +17

    We talk about investments but the truth is that 90% of us are dead broke and only watch to escape.

  • @2LFlynn
    @2LFlynn 9 дней назад +14

    All I can say to Michael Pento is Amen!

  • @carefulconsumer8682
    @carefulconsumer8682 10 дней назад +18

    Many good points. Thanks. It appears most economists think both stonks and RE is overpriced by 30-40% at least. Some think 60%.

  • @donmarek7001
    @donmarek7001 9 дней назад +13

    Former congressman Ron Paul warned us about much of this over 20 years ago. But people like being a tax slave and too stupid for the Bill of Rights given their voting record.

  • @HS-PGA
    @HS-PGA 10 дней назад +20

    I love the Italiano-American passionate way of speaking !

  • @timclark3049
    @timclark3049 10 дней назад +28

    Oh yeah.... My favorite! As soon as I see Pinto. I click!
    Just listened to entire interview. Great job, Adam. Michael NEVER disappoints. Love his analysis.

  • @HuiChyr
    @HuiChyr 9 дней назад +11

    This channel should have 500k subscribers already. And 1 million by next year.

  • @993C2S
    @993C2S 10 дней назад +25

    Wonderful interview. Mr. Pinto is awesome. Thank you.

  • @europa3962
    @europa3962 10 дней назад +29

    Excellent interview Adam. Michael is my go to guy for No BS analysis. I have quasi followed his modeling and it has served me well. Kudos and please have him on at least every 6 weeks

  • @bdnevins
    @bdnevins 8 дней назад +4

    The gold standard was part of the system of checks and balances, to prevent the government from sacrificing the future for the sake of the present, by depreciating the currency. It did not suddenly end in 1971, but was gradually watered down by the federal reserve act, mis-management under Bretton woods, chronic budget and trace deficits, etc.

  • @omartalamantes8398
    @omartalamantes8398 10 дней назад +15

    What a great interview. And Pento is right, Thoughtful money is doing God's work. And I'm not a believer but I appreciate the credit he's giving u Adam. I know its not mentioned much here but I think the U.S needs to change its foreign policy to help itself financially.

    • @RDMARTIN1401
      @RDMARTIN1401 8 дней назад

      This is extortion no matter how you want to see it !!!! It’s the same as paying for protection as you can see in Russia or Saudia Arabia when the USA gave them protection when we traded oil backed dollars for military might …. Protection .

    • @RDMARTIN1401
      @RDMARTIN1401 8 дней назад

      Small county’s with valuable natural resources are on to this banking power grab so get ready for a different chess game . The USA will be compelled to transparity with future trade negotiations …. After all ….. we the people played this game when we divorced England !!!! It’s no longer a tea party …… but rather a plea party by lesser armed rebels !!!!

    • @deborahcurtis1385
      @deborahcurtis1385 8 дней назад

      I think US foreign policy has always been about helping the US financially, well US corporations part of the military-industrial complex to be more specific.
      Eisenhower warned that the United States must “guard against the acquisition of unwarranted influence…by the military-industrial complex,” which included members of Congress from districts dependent on military industries, the Department of Defense (along with the military services), and privately owned military contractors-e.g., Boeing, Lockheed Martin, and Northrop Grumman. Eisenhower believed that the military-industrial complex tended to promote policies that might not be in the country’s best interest (such as participation in the nuclear arms race), and he feared that its growing influence, if left unchecked, could undermine American democracy.
      How right he was. How many US citizens got to vote on going to war since WW2? The merits of going to war aren't fully examined. The costs are brutal and still being dealt with from Vietnam, onwards. Let's not forget it was the colossal cost of that war which led Nixon to abandon the gold standard AND inflate away the debt. The inevitability of this pattern is what is killing the middle class and the 2% inflation rate, cumulatively has done the rest.
      In many ways the US simply has a more sophisticated form of corruption, the same problem that China has which is causing it to implode at a more rapid rate than the US.
      Somehow out of this mess, some clarity will emerge. One possibility is debt forgiveness and a clean slate. This seems to be where we are heading but I'm not sure it's going to be much better than an organised crime fix.

  • @mark-204
    @mark-204 9 дней назад +21

    Adam please bring Michael back in the future thank you.

  • @hoefle7104
    @hoefle7104 10 дней назад +15

    Always REALLY enjoy hearing Michael Pento's thoughts. :)

  • @stevencezus3987
    @stevencezus3987 8 дней назад +3

    Pento is the best, love how open and transparent he is. And data driven by his tools. Great guy!
    Thanks Adam for being, as Pento mentions, the best interviewer in the world!

  • @fionahenderson3352
    @fionahenderson3352 10 дней назад +7

    What a mad state of affairs. Mr Pento was a great guest and the conversation really made sense. I love the analogies you do for example the highway with a sinkhole invisible....eeek 🤦

  • @lawrencefeldman462
    @lawrencefeldman462 6 дней назад +3

    Michael is a rare bird. Energy and bright with a lot of common sense.
    All his facts are correct. We're lucky to not be in a depression now. So am very impressed with his outlook.
    As a muni bond holder of most my portfolio. I am hoping for the rate cut on the bonds i purchased this year.
    5% tax free income is going to pay off well if Powell cuts this year.

  • @Casey-rr7th
    @Casey-rr7th 10 дней назад +23

    Michael Pento is my number one go-to financial professional. Simply the best.

  • @desertcat8029
    @desertcat8029 День назад +1

    Always a “must listen “ interview when Mr Pento is the guest!

  • @tonylinardi3089
    @tonylinardi3089 9 дней назад +5

    Didn't Yellen say we would never have another recession? The market needs recession to flush out wreck less behavior before a bubble develops. The middle class is getting crushed because of these games. Great interview Adam, Mr. Pento.

    • @markreid7
      @markreid7 4 дня назад

      No, she said a financial crisis like in 08.

  • @richlee1374
    @richlee1374 10 дней назад +15

    For the last 6 months, I've been referring to what's about to come as a "hyper-stagflationary" depression.

    • @prolific1518
      @prolific1518 8 дней назад

      That's called the end of the USA

  • @muskymac4063
    @muskymac4063 8 дней назад +2

    When are we going to vote on TERM LIMITS ? Career politicians and the lobby have ruined our country. That’s not what our founding fathers had in mind. Great discussion ! Michael Pento is the best interview bar none.

  • @paulciccarello661
    @paulciccarello661 7 дней назад +6

    Just to comment on inflation rate, what no one is talking about is that it is cumulative and composed over time. 2% today is a lot more in dollars than 2% was two or three years ago,it's misleading

  • @bronxpastaman
    @bronxpastaman 10 дней назад +21

    Thanks for having Mr. Penton on he is a true fighter for the middle class person!!!!!

  • @ILLUMINATOR49
    @ILLUMINATOR49 10 дней назад +12

    Two aces sharing valuable information and insights LISTEN CAREFULLY 🙏👍🖖

  • @ghggp1
    @ghggp1 10 дней назад +9

    Great job! Loved this interview!
    You are so right! We do a terrible job of teaching financial literacy in schools! Is that by design? I wonder! Thank God you are a resource for those of us that need education in the financial space!
    Keep up the good work! I am a dedicated viewer of your content! BRAVO TO YOU AND YOUR GUESTS!
    I fear the future too as the middle class is being gutted as your guest so eloquently focused on! We NEED to do better! This program is one step towards that end!

    • @user-wf7gk5mz6x
      @user-wf7gk5mz6x 8 дней назад

      As W. C. Fields said, “There’s a sucker born every minute.” The elite doesn’t want to enlighten them. Who else will they pump and dump?

  • @pabloeyelid7006
    @pabloeyelid7006 9 дней назад +7

    I'm in 100% agreement with him, but my experience with the market has been that the market doesn't move swiftly. It takes its time...forever. When crisis happen it's fast but to get there, it takes forever and quite frustrating at times to see it comes to that conclusion sooooooooo slowly.

  • @jimscherer8072
    @jimscherer8072 10 дней назад +11

    Bring MP back !

  • @wasabiworthington6352
    @wasabiworthington6352 8 дней назад +2

    8 Months ago Pento was yelling that we should ride the market while we can...he was RIGHT. This guy keeps being correct. Now he's clear that the fun is over; "progressing into the next phase" as Adam put it. I am replaying this section over to make sure I have it clear. I will be ACTING on and moving towards his recommendations. Although I don't do shorting of anything.

    • @Steven_Will
      @Steven_Will 5 дней назад

      Any chance you can break it down for me like I was 10 years old? Buy precious metals and treasury notes?

  • @edubmf
    @edubmf 10 дней назад +13

    Straight off the bat I'm loving it

  • @evgeniiastapov354
    @evgeniiastapov354 9 дней назад +5

    Please keep doing God’s work Adam and Michael. Thank you for a fantastic conversation!

  • @toupsfamily6892
    @toupsfamily6892 9 дней назад +8

    By far, the best interview and response to our current economy crisis we are in. I've listened to many different angles and opinions over the years while truck driving.
    Great job, guys!

  • @henrypadilla7571
    @henrypadilla7571 10 дней назад +9

    Thanks again! Pento is a favorite.

  • @judithh.lawson4773
    @judithh.lawson4773 10 дней назад +11

    Michael is incredible.

  • @infraaa_
    @infraaa_ 9 дней назад +2

    Mister Adam, I am once again writing a comment to thank you for your efforts. Us young people feel like we have no voice. We need a mass enlightenment, and as they say, the first step is accepting we have a problem (and what the problem is). Keep up the good fight

  • @landlubber42069
    @landlubber42069 9 дней назад +6

    Socialism for the rich as I've heard it described. Good way of putting it.

  • @YoMisterSmith
    @YoMisterSmith 8 дней назад +1

    When Michael Pento talks, people listen. I listened several years ago and got out of the market just at the very time he said things were quickly about to turn very sour on the Dow/Nasdaq and lead to a big downturn. And so it did indeed soon happen. And later, just as things turned back around, I jumped back into the game. It’s the one and only time I timed the markets just right. It’ll never happen again I bet.

  • @martinleepgg
    @martinleepgg 9 дней назад +5

    Both you guys have hit a home run of truth here today....thank you from New Zealand

  • @JC-cf4rs
    @JC-cf4rs 10 дней назад +16

    Adam, you should interview Milton Berg. He has a lot of great experience and information. He’s head of Milton Berg Advisors and correctly called the top last year.
    I recently watched an interesting interview with him, but I think you could dig up some really great information and insight with your questions

  • @DjmMik
    @DjmMik 9 дней назад +4

    Excellent interview Adam. Thanks for having Michael back. He never disappoints!!

  • @kenmontgomery287
    @kenmontgomery287 10 дней назад +5

    Wow,wow, wow........wow! My jaw is still in my lap. Thank you Abam and Mike

  • @gordpearson9802
    @gordpearson9802 10 дней назад +7

    Yes, great interview, Read the Exec. Summary folks, , its well worth the read, captures items you may have missed, IMO

  • @curious8836
    @curious8836 9 дней назад +2

    Thanks for bringing Michael Pento on. Always a treat.

  • @annhomrich7921
    @annhomrich7921 9 дней назад

    Very much appreciate your channel (found it mentioned on a homesteading channel) and it has been helpful and an eye opener. I have shared various videos with friends who are of like mind and understand what is taking place with the spiritual side of life, what is happening (in Holy Scripture, we are told of the signs to look for), but also the practical side of living in this modern republic. I appreciate your mission! The direction of and pulling information from economic professionals that are sharing their true economic insights, and that you are keeping the average American in mind, to try to help the common person to be educated, prepared, and encouragement to be in a better place to provide for themselves and their families! Very much appreciate Michael Pento and his forthrightness, not watering down what is happening economically and politically, and that he is open without hesitation to give thanks to God! I understand in this world that unfortunately we have to rely on a system that is not equitable and finances are important to help provide for our families' needs. Yes, investing in people is much more important than investing in finances!!

  • @davrossbain7010
    @davrossbain7010 9 дней назад +5

    Bravo, always an highlight when Pento comes by! Great session.

  • @MrAnderson3
    @MrAnderson3 8 дней назад +2

    Always love Michael's commentary on the true state of things in the markets and economy, good interview
    One thing I would ask though is everyone says we need a recession/depression and we will "bounce back"
    What makes everyone so sure after this coming depression that America will actually bounce back to a more vibrant, competitive economy? What makes all these experts so sure that it's just going to happen? Who's to say this isn't the last straw for America's leading economic dominance?

  • @jameswatson4865
    @jameswatson4865 9 дней назад +4

    Commenting for reach. I'm not American but so respect the work both of you do to inform the average Joe.

  • @johnr8309
    @johnr8309 8 дней назад +1

    I think your program is fanastic Adam and you are the best at what you do. I love the way you pause and sum things up, expecially when the guest espouses something that might need some explanation or clarification to your audience. I also think Pento is one of your best guests although I didn't agree with him on the political part, but that really isn't the focus of your program. Pento is articulate, explains the micro and the macro, and I find him relatively easy for the nonprofessional to follow. Keep up the good work.

  • @jonafra24
    @jonafra24 10 дней назад +8

    One of my favorites. Would invest with him if he took Canadian citizens.

    • @sinjohnsmyth8301
      @sinjohnsmyth8301 9 дней назад +1

      Likewise, I'm British and gutted I can't!!

  • @edwinjewell5359
    @edwinjewell5359 8 дней назад +1

    Mr Pento has been in the Big Boy
    Game a long time and when he talks I listen. I'm just a hard working man and just keep going. Mr. Pento cares about
    the working man. Were going
    to be biting a bullet for awhile.

  • @Ziran_Man
    @Ziran_Man 10 дней назад +8

    I am learning so much watching your channel. Much appreciation!

  • @maggieAPF
    @maggieAPF 8 дней назад +1

    I wish I was better educated about finance, debt, and health when I was younger. Whatever is coming is terrifying either way. My husband and I feel we missed a boat that has now set sail without us. Always a fantastic interviewer, thank you so much for you compassion and knowledge.

  • @andrewmartin1758
    @andrewmartin1758 10 дней назад +28

    Dude!! Pit sweat is off the hook!
    Profuse pit sweat = stagflation alert

    • @jimscherer8072
      @jimscherer8072 10 дней назад +8

      PSI = Pit Sweat Indicator

    • @auntiefiat9769
      @auntiefiat9769 9 дней назад +2

      LOL - I just knew someone would go there!
      We love you Michael!!

  • @garybacher236
    @garybacher236 9 дней назад +1

    Adam I just wanted to give you a quick note that I can't think of anyone that does a better job than you do, much appreciated. And I can say the same thing about Michael Pento too.

  • @Mike_Phoutrides1611
    @Mike_Phoutrides1611 9 дней назад +3

    Love Michael Pento, thanks for having him on Adam!

  • @mackakiwinz4353
    @mackakiwinz4353 9 дней назад +5

    Mike is the type of guy I would like to be in my rugby team. Thank you both Mike is correct your channel will make a difference Adam.

    • @marybusch6182
      @marybusch6182 9 дней назад +1

      He'd be my choice for my oncologist

  • @briannewman6216
    @briannewman6216 9 дней назад +2

    Pento's assessment aligns with mine. It remains to be seen if things play out as Michael expects.

  • @jimclark5037
    @jimclark5037 10 дней назад +9

    fantastic discussion!

  • @cwcobo
    @cwcobo 3 дня назад

    You guys are great together. Almost not an interview, but more so a great conversation we the audience are privileged to eavesdrop in on.

  • @notgunnadoit7461
    @notgunnadoit7461 10 дней назад +5

    100% of my portfolio is in physical gold, silver, cash, steel and lead and that with zero debt. I receive a federal LEO pension, 100% VA benefits and SSD. So I don't need or want a 401k, IRA or anything managed by Blackrock or Jamie Diamond.

    • @martyc2637
      @martyc2637 9 дней назад +3

      So you are living off the government?

  • @tomdon7211
    @tomdon7211 10 дней назад +10

    Extraordinarily insightful well done great interview

  • @biden-putin-stalin
    @biden-putin-stalin 9 дней назад +6

    I really appreciate Michael Pento's frankness, and honest evaluation of the situation. He is a long time and very well respected money manager, so his opinion carries a lot of weight. I am sure that he is not alone in his thoughts and expectations in the money management world.

  • @shirolee
    @shirolee 9 дней назад +2

    Micheal Pento is great! He's always had some if not the best interviews!

  • @pjb6848
    @pjb6848 9 дней назад +2

    Pento is right…Adam Taggart is one of the best interviewers on the planet.

  • @robertmiller5835
    @robertmiller5835 10 дней назад +10

    Great great interview

  • @edtizzard8064
    @edtizzard8064 10 дней назад +6

    Thank you for your show,

  • @tomdonovan4842
    @tomdonovan4842 9 дней назад +5

    The 12 apostles I think is an excellent example of the politically corrupted Fed

  • @Daddio-et3lp
    @Daddio-et3lp 9 дней назад +2

    Love Michael’s word power, his use of “feckless” is spot on!

  • @frankgregoli7770
    @frankgregoli7770 9 дней назад +2

    Big fan of your show Adam and always watch your interview with certain people who come on and one of them is Michael !!! Having the truth come out and flood the airwaves is such a sign of relief even though it may not be good news for now ! Keep up the good work gentlemen !!!

  • @zacharycerniga4884
    @zacharycerniga4884 19 часов назад +1

    Best interview I've seen since I can remember, gets right to the heart of the dismal economic outlook. Thanks Gents!
    Regulate the fiscal activities, gut the administrative waste
    Use your ability to vote the useless incumbents out while you can
    And look forward to innovation revitalizing the real, productive economy
    $XRP will help as the new non-sovereign digital bridge currency
    If you haven't heard of Ripple, then you'd do well to learn quickly. They will be helping to usher in the digital financial system.
    God bless!

  • @haze1123
    @haze1123 9 дней назад +2

    I LOVE Adam's idea for a Policy Roundtable on Thoughtful Money!!!!
    This would be awesome in an election year. Make it happen! 👍👍👍

  • @meiada
    @meiada 9 дней назад +4

    Thank you Adam for another fabulous interview. ❤

  • @RobWilliams007
    @RobWilliams007 9 дней назад +2

    Michael - love this - reach back and pull others up. Great, great advice. Great words of life!

  • @jayr.taylor210
    @jayr.taylor210 9 дней назад +3

    Terrific interview. Honest. Open. Balanced. Thank you.

  • @whisper1736
    @whisper1736 9 дней назад +2

    Michael Pento. The Best .

  • @user-hs9kh5kb1t
    @user-hs9kh5kb1t 7 дней назад +1

    I am not well educated but I am trying to understand all this and you all are very much helping me to understand all this. I will share with all my contacts the information you are so graciously sharing with us your knowledge and understanding
    .

  • @eugene1059
    @eugene1059 9 дней назад +3

    I like to hear Pinto he's no nonsense and logical.

  • @15106t
    @15106t День назад

    Sad to see trusted advisors, who care, blaming presidential candidates for there inability to be a multi-generational savior! Just one president can save us? Save us from the mess these trustful people witnessed, as if in slow motion, their entire working careers! True hero's and patriots! Michael, a devout and pious person, sees little difference between the two candidates! Maybe I missed their approval or moral guidance on the policies of the last four administrations (would be a good discussion for Thoughtful Money). You two are quite brave! Potentially offensive opinions would never influence these guys opinions! These two are our watchdogs!