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Debt Crisis, Then Recession, Then the Crash | Michael Pento

WTFinance

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Interview recorded - 1st of October, 2026

On 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 Collapse

During our conversation we spoke about the current situation with the economy, FED losing control, inflation, currency collapse, why 2027 could be a year of collapse and more. I hope you enjoy!

0:00 - Introduction
1:45 - Current overview of markets and stocks?
6:07 - Bonds losing control
9:35 - QE impact on yields
11:55 - Inflation
14:09 - Scott Bessent buybacks
19:49 - Bonds safe haven?
23:19 - Currency collapse
24:08 - 2027 issues
26:30 - Reverse bearishness?
28:02 - Bullish assets?
30:12 - One message to takeaway?

Michael Pento serves as the President and Founder of Pento Portfolio Strategies (PPS). PPS is a Registered Investment Advisory Firm (RIA) that operates like an actively managed fund without all the expenses. The Model Portfolio uses a proprietary macroeconomic model to determine when and how to invest across an inflation/deflation and economic cycle spectrum. The 20-component model is used to determine the two most important factors when it comes to successful investing: the second derivatives of growth and inflation.

Michael Pento -

Website - https://pentoport.com/
Twitter - https://twitter.com/michaelpento?lang=en
LinkedIn - LinkedIn: michael-pento-a1882917b

WTFinance

Instagram - Instagram: wtfinancee
Spotify - https://open.spotify.com/show/67rpmjG...
iTunes - https://podcasts.apple.com/us/podcast...
Twitter - Twitter: AnthonyFatseas

20 Comments

@RichardKut-j7m 1 day ago

Excellent segment, thank you.

@marcocarlson1693 2 days ago

That analysis is spot on. It's obvious based on the facts.

@Jalleur14325 20 hours ago

Great questions

@CarolinaJoe777 3 minutes ago

Pento KNOWS 💪🏼👍🏼🇺🇸

@Robert-e2h9z 2 days ago

Micheal is the mannnn😊😊

@gphx 1 day ago (edited)

Take a close look at our major crashes. In most of them, even if you got out a year too early, you only left 10-15% cap gains on the table and got some of that in a money market anyway while sidestepping the subsequent carnage that took years to recover from. Don't ask where the market is going to be tomorrow, ask yourself where it's going to be in a year.

@MrGoldman-m7i 2 days ago

I just want gold to double

@unmanifest6288 1 day ago

I agree, big crash then protracted stagflation

@mine0002 2 days ago

what mechaniism will he use to short the market? Is there an etf that affectively shorts the spy or nasdaq or dow?

@AmanAs-Syifa 1 day ago

most expert said this collapse far worse than 2008...this disaster will be take decades to recover back...food prices and jobless will hit everyone this time...war still continues ..Booming bubble is true

@Finance-Hub-UK 2 days ago

If I was to short the stock market the last thing I would do is come on a podcast and talk about it.

@randyosborne3971 2 days ago

For over 100 years both parties of Congress and Administrations have sold this country straight down the river. Donor money, campaign contributions and special interest money are their priority. We just don't hate BOTH PARTIES of Congress and Administrations enough. They are our tyranny.

@3zero7 2 days ago

That’s dystopian af that the market rallied on a poor jobs report. What more proof do you need that it’s the working class vs the billionaire class?

@WhiteOrchid18 1 day ago

I sold everything in 2025 including my house. I can say that I’ve played into their model of own nothing and be happy.

@Sandwichking-d2t 1 day ago

The U.S. economy is already showing clear signs of a recession, and it’s not just speculation anymore even CEOs like Southwest’s are openly calling it out while others hide behind uncertainty. The Fed’s own contacts are confirming the shift, which explains why even former hawks are suddenly sounding dovish. A rate cut won’t spark inflation now banks are tightening lending across the board, squeezing both consumers and businesses. This feels like the early stages of a deflationary cycle, where asset values drop fast, layoffs pick up, and unemployment data starts reflecting the reality. When the Fed eventually cuts rates, it won’t be a rescue it’ll be confirmation that the ship is sinking. Retail and housing will take major hits as consumers pull back hard. The yield curve flipping back won’t change that. In this kind of environment, assets like stocks and crypto act as a hedge. My advice to anyone feeling the heat in this inflation, just trade long term more than ever..managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months.Thanks once again, Adriana Mcgrath., for your consistent updates and continued support.0:00

@JohnDaniels 2 days ago

“52% of our fellow Americans own no financial assets. They don't have equity in their house, or an account at Schwab, or an account at Coinbase. They're living off their W-2 income, and this surge in prices has destroyed them. It's the most regressive tax that anyone could come up with. Imagine if we had a central bank that had been deadly focused on that. We would not have taken a divided country and made it more divided.” - Kevin Warsh, May 30, 2025 [Federal Reserve Chairman, 2026]

@JimCotton-i6p 2 days ago

The governments are masters of kicking the can down the road. Imo it's hard to time stuff but it looks like the bond market is really in trouble but maybe Bessent has some stall tactics to keep stuff together in 2027.