Pento: Bond Bubble to Restore Gold
http://kingworldnews.com
Posted on Sunday, February 05, 2012
Today Michael Pento told King World News the bond bubble is going to result in the destruction of the US Dollar and the restoration of gold as the premier store of wealth around the world. Pento, who founded Pento Portfolio Strategies, also said the rise of bubbles in key areas of finance can leave market participants in shock. Pento had this to say about the situation: "They always tell you no one rings a bell when a market top or bottom is reached. But a bell is now ringing for the end of the thirty-year bull market in U.S. debt. And ironically, the bell ringer is our very own U.S. Treasury! The U.S. Treasury Borrowing Advisory Committee, which brings together dealers and Treasury officials, met last week in a closed meeting at the Hays Adams Hotel."
Read the rest at the original source.
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