Commodity Culture

3 Huge Crises Hitting at Once, 'Big Problem' Ahead For Banking System: Michael Pento

Jesse Day Episode 327

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0:00 | 36:48

Michael Pento is seeing clear signs that the US economy is facing massive danger, as crises on multiple fronts are evolving into systemic risk for the banking system and threatening to curb the Trump administration's efforts to wage a global trade war. Michael explains why in the face of these facts, he's moved capital into the commodities sector and is relying on precious metals as a ballast in his portfolio, as he sees a clear move away from the dollar and towards gold by foreign nations.

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