April 28, 2017 Featured GuestsGerald Celente & Michael Pento  Please Listen Here Show HighlightsMichael Pento, President and Founder of Pento Portfolio Strategies makes his debut on Goldseek.com Radio. Fed policymakers are bluffing on rate hikes - their true intention is rate cuts, amid 350% national debt per GNP."The Fed will never again be able to normalize interest rates (allow to climb significantly) without sending the economy into a tailspin.""The Fed has already tightened enough to send the economy (domestic) into a recession." Officials no longer have the luxury of low interest rates after holding rates low for 100 months (8+ years). According to the Atlanta Fed's numbers, the economy is approaching recessiony GDP - Michael Pento anticipates a recession in 2017.While the official US unemployment rate, the U3 suggests near full-employment, the more accurate / traditional metric, the U6 is ominous. The U6 indicates nearly 100 million Americans are underemployed. The next economic dominos to fall could be China the EU and Japan, with debt climbing four times the GDP rate in China. Equities investors are advised to take note - earnings are comparable to 2014 - little forward progress has occurred since then. Key takeaway point: gold investors are advised to watch for an inversion of the yield curve, indicating a major new trend is likely.The yield curve inverted ahead of the 2008 Great Recession and will likely come to pass before the next inevitable / economic cataclysm. Our guest anticipates the next recession will result in the sharpest decline in economic output since the Great Depression. Negative real interest rates will eventually accelerate the velocity of money, a hallmark of ruinous galloping inflation. Once the process gains momentum, policymakers will manage the debt by allowing the US dollar to decline against rival currencies. To compensate for the ensuing economic chaos, policymakers are preparing the global populace via legislation for Minimum Standard of Living payments. Our guest suggests increasing gold bullion exposure to 10-20% by late 2017.Head of the Trends Research Institute, Gerald Celente returns with comments on gold and US equities. Geopolitical events are escalating amid saber rattling with Syria and North Korea. Such events oftentimes result in market trends with key implications for global investors. Although the post-election rally in US shares is impressive, a reaction is necessary to sustain the upward momentum. With sluggish retail sales via the "Retail Apocalypse," Wall Street may continue to rally while Main Street stagnates. Global currency volatility is improving the appeal of alternatives, such as gold and Bitcoin. Once the yellow metal crosses $1,400, Gerald Celente anticipates a new bull rally will drive the precious metal above the former 2011 peak to $2,000.The Trends Journal compares cannabis legalization to 1933 and the end of prohibition. Canada recently decriminalized cannabis and many US states allow recreational / medicinal usage. Colorado is earning more tax revenue on a medicinal herb than on toxic potent potables. Gerald Celente and the host question why yet another tiny impoverished county is the target of the world's most potent military force.