Pento - Money Supply & Inflation Exploding Around the World

Today Michael Pento told King World News that money supply rates and inflation have been exploding around the world.  Pento, who founded Pento Portfolio Strategies, also said with currencies burning, global investors need to protect themselves.  But first, Pento had this to say about the Greek situation:  “The Greeks have done the correct thing.  The fact that they have written down their debt is a step towards an explicit default.  What they have done in Greece is something they need to do in Italy, Portugal and Spain.  When you take down your debt as a percentage of GDP, the way the Greeks have, you will cause a short-term depression.”

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