Michael Pento - Massive Global Defaults Coming in 2018

Join Greg Hunter as he goes One-on-One with economist Michael Pento of Pento Portfolio Strategies

Pento: We have over a hundred trillion dollars in unfunded liabilities, and quadrillions of debt in derivatives.  So, we are going to have massive defaults.”

On gold, Pento says, “You’ve got to have 10% physical gold in your liquid net worth. It has to be physical gold that you possess directly.  I cannot stress that enough. . . . I like all precious metals.  They are going to be in a massive and unprecedented bull market sometime in 2018.”