The yield curve will invert, leading to a shrinking of the money supply, and a recession later this year, Michael Pento of Pento Portfolio Strategy tells Silver Doctors.
The most lolworthy outcome here is if our fiat money supply does shrink as some are predicting. Then the diminishing money supply is negated by an expansion of crypto altcoins and token based ICOs which prevent our economy from crashing. Behold the benefits of currency decentralization! Then as eyes are opened to the long term value, reliability and stability which bitcoin offers, we see a huge increase in demand which fuels btc's rise to a price greater than $50k.
Incidentally, there is a page referencing words said by Ben Bernanke posted on the federal reserve's website where Bernanke admits the federal reserve played a crucial role in causing the Great Depression by shrinking the money supply:
https://www.federalreservehistory.org/essays/great_depression
Is it feasible that we'll see history repeat itself in such a painful, preventable and obvious way?
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