Michael Pento – US Headed Down a Path of Destruction

Michael Pento – US Headed Down a Path of Destruction

With gold consolidating and tremendous volatility in bonds King World News interviewed Michael Pento, Senior Economist at Europac. Regarding the US situation Pento stated, “We had a chance in 2008 to de-leverage as a country, but we chose the easy path which was more debt and more inflation.  The idea that we will ever be able to unwind this leverage without disastrous consequences is completely ridiculous.  I wish I had better news, but unfortunately the central planners on the US side have sent this country down a path of destruction.”
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