Michael Pento - Nucleus of the Next Economic Crisis is the Threat of Junk Bonds

Returning SBTV guest, Michael Pento of Pento Portfolio Strategies, believes the nucleus of the next economic crash is the threat of junk bonds. Michael sees a 100% chance of a 25 basis point cut by the Federal Reserve on 31 July.

Discussed in this interview:
01:33 Update on the yield curve inversion
03:46 Fed will inject monetary stimulus
07:00 100% chance for Fed rate cut
10:34 What would prick the Everything Bubble?
12:13 Nucleus of the next crisis is the threat from junk bonds
15:29 Why are recessions outlawed by central banks?
18:26 Judy Shelton supporting the Gold Standard
21:20 Buy gold because the money printing game is over

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