Greg Hunter interviews Michael Pento, economist and money manager at [Pento Portfolio Strategies](http://www.pentoport.com/) and author of [The Coming Bond Market Collapse](https://amzn.to/2rtvx12), about the economy, debt, bonds, and precious metals.

Topics:
* (00:34) *What is going on in the economy?* -- global debt has increased to $240 trillion, global bond market is in the process of bursting, Argentina; 
* (05:08) *What do you make of the statement "emerging markets, you are on your own"?*  -- worldwide depression is coming as a result of enormous worldwide debt; 
* (09:00) *You see a worldwide synchronized recession coming, right?* -- zombie businesses issuing bonds to pay interest, the condition of the world is very fragile; 
* (14:06) *How bad is this going to be for the average person?* -- it is going to be a brutal and protracted depression, runaway inflation; 
* (19:18) *How much do you think the price of gold and silver can go up?* -- take physical possession of precious metals now, later this year gold to all-time highs and silver to $40 per troy ounce; 
* (22:51) *Do you think it will be so bad that people stop selling precious metals?* -- there will be a super-spike in precious metals; 
* (25:10) *Are you talking about debt destruction?* -- debt monetization is coming, resulting in gold at $10,000 per troy ounce; 
* (28:34) *You are saying there will be a default in U.S. Treasury bonds?*; 
* And more...



31 minute video by Greg Hunter published 8 May 2018
https://www.youtube.com/watch?v=Dl7x3pooY9g


### Link Associated with this Interview

[Worldwide Depression Coming, Buy Gold – Michael Pento](https://usawatchdog.com/worldwide-depression-coming-buy-gold-michael-pento/)



# Source:

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