Central Banks Absolutely Desperate-Dollar Terminal-Gregory Mannarino

Monday, November 24, 2014
By Paul Martin

By Greg Hunter
November 24, 2014

Financial analyst Gregory Mannarino contends all the market rigging that has been reported in markets such as Forex, LIBOR, stocks and commodities is a way to prop up a system doomed to implode. Mannarino says, “It’s clear to me what the central banks are doing means they are absolutely desperate right now. That also means that we are very, very close to a major event here. I don’t believe we’ve seen the actual end here because the central banks . . . are going to do things we can’t even conceive yet. They are going to pull surprises that are going to shock people, and one of them is what Obama just did with regard to the immigration reform. This is a dollar propping up mechanism. That’s all it is.” Mannarino goes on to say, “People need to understand . . . this comes back to the debt based economic model. This mechanism absolutely requires they come up with more and more reasons to borrow cash into the system. It is a debt based economic model. . . . It all goes back to the premise that it can’t stop. This whole mechanism of borrowing cash into existence is so dastardly and so pervasive . . . once this comes down . . . once this debt bubble bursts . . . we are going to see a loss of life. This hyper inflated debt issue has allowed an alternative universe that has carried the human race with it. It will create an environment where resources, at some point, will become scarce, and it is going to wipe out a large portion of the human race when the debt bubble bursts. This is why we are seeing this desperation and the twisting of everything from the manipulation of metals to the manipulation of currencies. The central banks are going to do everything they can to prop this up. This is what this immigration thing is about, just like the expansion of wars. It’s going to get much worse.”

On the U.S. dollar, Mannarino says, “The U.S. dollar is in a terminal phase. I don’t care what dollar’s strength is recently with regard to other currencies out there. We have countries, specifically China and specifically Russia, who are betting against the U.S. dollar. How do I know they are doing this? They are acquiring huge amounts of gold with these suppressed prices. This is what everybody needs to do as well. Bet against the debt and become your own central bank. . . . The U.S. dollar is a dying currency. It is in the terminal phase. Russia understands this. China understands this. The only people who don’t understand this is the zombified American populous. It’s very, very sad. This is why shows like this are so important. I am afraid that people like us are going to become more and more censored.”

On timing of the dollar’s demise, Mannarino says, “Money velocity is the speed money moves through the system. Once we begin to see the money velocity start to pick up, we’re going to have the $3.3 plus trillion, which the Federal Reserve has printed out of thin air since the crash of 2008. All those extra bills are going to start chasing the same amount of goods. You do not need to be a rocket scientist to figure out how this is going to play out. In my book, “The Politics of Money,” I say in the end stage, we would see deflation first and then massive inflation, and that plays exactly into what’s going on right now. . . . The U.S. dollar is on borrowed time, and I think there is going to be a terrible price to pay. . . . Watch for hyperinflation because it is a very real possibility.”

Join Greg Hunter as he goes One-on-One with Gregory Mannarino of TradersChoice.net.

Comments are closed.

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter