KING WORLD NEWS - BLOG
BROADCAST../../../../Broadcast/Broadcast.html../../../../Broadcast/Broadcast.htmlshapeimage_6_link_0
HOME../../../../King_World_News.html../../../../King_World_News.htmlshapeimage_13_link_0
BUSINESS../../../../Business.html../../../../Business.htmlshapeimage_14_link_0
GREEN../../../../Green.html../../../../Green.htmlshapeimage_15_link_0
HEALTH../../../../Health_1.html../../../../Health_1.htmlshapeimage_16_link_0
ENERGY../../../../Energy.html../../../../Energy.htmlshapeimage_17_link_0
SPORTS../../../../Sports.html../../../../Sports.htmlshapeimage_18_link_0
GOLD+../../../../Gold.html../../../../Gold.htmlshapeimage_21_link_0
 

Eric King:  “Michael, as the economy rolls over in Europe and in the United States, how will they (the Fed) keep the taper on without a full blown collapse?”


Pento:  “They won’t be able to.  In fact, a reporter asked Mr. Bernanke what would happen if the economy were to falter in 2014, precisely due to the taper, and he said, ‘The taper could be reversed and asset purchases could be increased.’....


Continue reading the Michael Pento interview below...




Advertisement


To hear which company just made one of the most exciting high grade discoveries

that just had a massive 101 meter drill strike, as well as

major financial backers click on the logo:






“I think that’s exactly what’s going to occur because there is no way the economy can withstand rising interest rates because the nominal level of debt is much higher than it was at the start of the Great Recession.  We have about $55 trillion in total public and private sector debt, and that is $6 trillion higher than it was at the start of the Great Recession in December of 2007.


So if we have more debt now than we ever had before, and it (the debt) is at the same level as the GDP or output of the economy, then how can it possibly be that rising interest rates brought us into the Great Recession at the end of 2007, but rising interest rates won’t collapse the economy in 2014? 


The answer is it absolutely will.  It will crush real estate, the stock market, and the economy.  And I believe that the tapering will be aborted some time in 2014, and a permanent form of QE will be ushered in -- enough QE in place to keep interest rates negative in real terms, and to keep banks buying stocks and bonds. 


The Fed will never stop its manipulation of money supply and interest rates until they get their desired inflation rate, which is at least 2% to 2.5% as they measure it.  That is why gold and mining shares, which have been decimated in the past year and a half, have no place to go but higher.”


IMPORTANT - The written portion above is just a small portion of this incredible interview with Michael Pento.  He discusses at length why the Fed’s decision is setting up the gold market for a historic move.  The blockbuster KWN audio interview with Michael Pento is available now and you can listen to it by CLICKING HERE. 


UPDATE - Due to the Fed decision KWN will be releasing interviews all day today.


Michael Pento: President & Founder of Pento Portfolio Strategies and the author of

“The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market”

To order from Amazon CLICK HERE.


© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


The audio interviews with Rick Rule, Gerald Celente, Dr. Marc Faber, Bill Fleckenstein, Eric Sprott, Grant Williams, Egon von Greyerz, Dr. Paul Craig Roberts, William Kaye, Andrew Maguire, David Stockman and Art Cashin are available now. Other recent KWN interviews include Jim Grant and Felix Zulauf -- to listen CLICK HERE.


Eric King

KingWorldNews.com

To return to BLOG click here.


 
 
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html
KWN BLOGhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlshapeimage_24_link_0shapeimage_24_link_1

© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast,

rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

Subscribe to RSS
CLICK HEREhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlshapeimage_27_link_0shapeimage_27_link_1
KWN Blog
Archiveshttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlshapeimage_28_link_0shapeimage_28_link_1
http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html