WTFinance: Credit Collapse as System Loses Control

The air in financial markets often hums with optimism, but beneath the surface, a storm may be brewing. Michael Pento, president and founder of Pento Portfolio Strategies, doesn’t mince words when describing the current state of the U.S. economic system: it’s in a fragile condition. His analysis paints a stark picture of unsustainable debt, inflated asset values, and increasingly desperate monetary policies that could be pushing us towards a precipice. Pento’s central concern revolves around the unsustainable debt levels that have become the bedrock of our economy. We’ve grown accustomed to governments responding to economic downturns by borrowing trillions and printing money. While…