Greg Mannarino: Debt Bubble Close To Bursting
Investmentwatchblog.com
July 19th, 2014
Jason Burack of Wall St for Main St had back on author, You Tube video blogger and former Wall St floor trader Greg Mannarinohttps://traderschoice.net/ as a returning guest for a 30+ minute podcast interview.
During the interview Jason asks Greg why markets have not crashed already? Greg points to market manipulation, intervention, backdoor bailouts, currency swaps and global QE for propping up asset markets and making the illusion that the economy is improving because asset prices stay at high levels.
Jason asks Greg if he thinks Wall Street is intentionally lying to Main St and the general American public about the economic recovery while Wall St traders buy physical gold and silver with trading profits they make from free money. Greg says many of his trader friends from Wall St are buying LOTS of physical gold and silver every month while they pump stocks and bash gold and silver in public on shows like CNBC and Bloomberg.
Jason and Greg talk about how Wall St veterans and insiders like Jim Cramer really own enormous amounts of physical gold that comprise a large amount of their total assets and how people who bash gold in public often own a lot of it in private and they smartly store a lot of it outside the US.
Greg thinks every market is set for collapse in the next few years despite the coordinated attempts of governments, central banks, bankers, etc to keep asset prices elevated.
Greg thinks young, entrepreneurial people will survive but many people who do not properly “prep” with food, metal, guns, ammo, water and other survival necessities will be in major trouble if there is anything worse than 2008.
Greg thinks the events in Ukraine are related to money, the Petro Dollar and the US Dollar as the World Reserve Currency. He thinks the politics of money drives nearly everything in the news.
