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

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 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=enLinkedIn - https://www.linkedin.com/in/michael-pento-a1882917b/WTFinance Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas