# $20 Billion a Week — What Could Go Wrong? - Michael Pento #6372

Page: https://stenobird.com/podcast/financial-survival-network-848654/20-billion-a-week-what-could-go-wrong-michael-pento-6372
Text version: https://stenobird.com/podcast/financial-survival-network-848654/20-billion-a-week-what-could-go-wrong-michael-pento-6372.md
Podcast: [Financial Survival Network](https://stenobird.com/podcast/financial-survival-network-848654)
Published: 2026-02-23T13:00:00+00:00
Episode link: https://www.spreaker.com/episode/20-billion-a-week-what-could-go-wrong-michael-pento-6372--70225512
Audio file: https://dts.podtrac.com/redirect.mp3/api.spreaker.com/download/episode/70225512/michael_pento_20_feb26.mp3
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JSON: https://stenobird.com/v1/public/podcasts/financial-survival-network-848654/episodes/20-billion-a-week-what-could-go-wrong-michael-pento-6372
Duration seconds: 1753

## Resource

In this interview, Kerry Lutz speaks with Michael Pento about how liquidity may already be expanding by as much as $20 billion per week, quietly pushing the Federal Reserve's balance sheet back toward $7 trillion — despite continued claims of tight policy. He warns that the next recession could bring massive deficits in the $4–6 trillion range, potentially forcing the Fed to become the primary buyer of U.S. debt once again. If that happens, inflation may not be accidental — it could be the result of outright monetization. Pento also points to historically extreme valuations in stocks and housing, suggesting markets may need a significant reset to return to long-term norms. He believes gold remains in a long-term bull market and could accelerate higher as recession pressures mount and monetary expansion increases. Pento outlines a defensive approach that includes holding physical gold, adjusting liquidity as conditions change, and watching credit markets for early signs of stress. These long-term cycles are explored in The Armstrong Economic Code— and understanding them may help investors prepare for what comes next. Find Michael here: https://pentoport.com Find Kerry here : https://khlfsn.substack.com and here: https://inflation.cafe Kerry's New Book "The Armstrong Economic Code: The 5 Truths Investors Must Never Forget" is out now on Amazon! Get your copy here: https://a.co/d/bvYbZOz "The World According to Martin Armstrong – Conversations with the Master Forecaster" is a #1 Best Seller on Amazon. . Get your copy here: https://amzn.to/4kuC5p5

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