Great Depression 2.0? This Economic System is Rigged Against You | Michael Pento

About this episode

Michael Pento discusses the current economic challenges and investment strategies in a potentially rigged economic system.

Interview recorded - 16th of April, 2026On this episode of the WTFinance podcast I had the pleasure of welcoming back Michael Pento. Michael Pento is President and Founder of Pento Portfolio Strategies, a registered investment advisory firm managing money across the full inflation and deflation cycle spectrum. His proprietary 20-component model is designed to determine the two most important factors in successful investing — the second derivatives of growth and inflation. [Pentoport](https://pentoport.com/) He is a specialist in Austrian economics, a regular contributor to CNBC, Bloomberg and Fox Business, and the author of The Coming Bond Market CollapseDuring our conversation we touched on the current economy, why things are looking bad, Unemployment rising, the FED creating massive wealth divides, the triumvirate bubble and what this means for your portfolio. I hope you enjoy!0:00 - Introduction3:08 - Current Overview5:40 - Higher oil prices for longer9:34 - Unemployment10:58 - FED Jerome Powell18:14 - Issue with deficit21:28 - Bad for economy, good for markets?23:48 - Debt bubble27:28 - Close to the door28:38 - One message to takeaway?Michael Pento serves as the President and…

People in this episode

Host: Anthony Fatseas

Guest: Michael Pento

Topics covered

• economic outlook
• unemployment
• FED policies
• wealth divide
• debt bubble
• investing strategies

Keywords

• Great Depression 2.0
• inflation
• deflation
• economic system
• wealth divide
• investment strategies
• unemployment
• debt bubble

Mentioned in this episode

Organizations: Pento Portfolio Strategies, CNBC, Bloomberg, Fox Business

Books & works: The Coming Bond Market Collapse

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