Gregory Mannarino, the founder of TradersChoice.net joined USA Watchdog’s Greg Hunter for an interview. While speaking with Hunter, Mannarino said that the Federal Reserve isn’t losing control of the market, it has already lost control and we are in some very serious financial trouble.
Mannarino said the markets are out of control and it’s the Fed’s fault. Not that we didn’t know that, but the whole economy is unraveling and not many seem to have noticed. Mannarino, who is a professional trader says the new Fed Head, Jerome Powell, caused the market to sell off last week, not president Donald Trump’s tariff talk. Powell blurted out in Congressional testimony that the “U.S. is not on a sustainable fiscal path.”
“They have already lost control. If they were in control, would they still be buying bonds like they are? Would they still be trying to ‘get it right’? They cannot unwind this in a normal way. They have created a system of bubbles, and they are well aware of this. These things tend to collapse very violently when they do. If the Federal Reserve or any of these central banks were in control, do you think we would be in the situation we are in right now? Absolutely not. All they have done is liquefy the world with debt and buy everything they can to keep this propped up. This is not control. This is some kind of a Frankenstein they have created by trying to prop everything up.”
“The stock market is in a bubble that is being suspended on the back of the debt bubble. So when the debt bubble pops, every other subsequent bubble connected to it is gonna burst along with it…forget the stock market…it’s the bond market that tells the story,” Mannarino warns.
Mannarino says that the whole system is fake, and he and Hunter say it’s definitely possible that central banks are giving each other money to buy their own bonds. If that’s happening, and many market analysts firmly believe that it is then the Fed is in desperation mode.
“This [the markets] is a corpse here, that’s on life support. And that’s all it is. So, there’s going to be a terrible moment or reckoning. Inflation? Forget about it. Of course, there’s going to be massive inflation. They can’t stop it…we’re in a lot of trouble here…let’s say we start getting surreal inflation, and they’re going to start hiking super fast. Well, what’s that going to do? BAM! There goes your debt bubble and then we’re done. Back to the stone age. Stock market down 6,000 will probably seem like a dream come true because it might even go lower than that.”
“People are going to lose everything; worse than last time if they’re not ready for what’s coming. That means watching the bond market….there’s gonna be an unbelievable price to pay for this at some point.”
I guess not having any money is not so bad. can not lose what you do not have. Do have some pop corn though. God Bless James
I’ve always wondered how if you inflate prices that anybody can pay those prices? Wages don’t go up. most people don’t have a lot of savings, so logic tells me prices will go down. Most prices I pay for stuff goes up due to government taxes, but at least here they have found they lost money on their last fuel tax increase.
Americas problem is Democrats. I’d kill all of them if I could, but that is illegal and I don’t violate any Federal, state, or local laws.
Relik: those on the Left are absolutely ruining this damn nation 100% hands down!!!! The antics of those vile rats has been going on since the 1960’s and it has just about done its job: RUIN the USA period….destroyed the family unit, all prayer out of schools, gay rights and on and on and on. Read the book: “The Naked Communist.”
It started way before the 60’s.
Yes but the accelerators of demise was removing gold in circulation in 1933 and a complete severing in August 1971. There simply nothing stopping the economic equivalent of hot checks.
The Fed and Treasury Dept. built their own trading floors, they can create money out of thin air and pump any stock or commodity they choose. They totally control the markets.
They had absolutely no problem jacking the markets for eight years of Obama, and stopping even minor market corrections in their tracks. Though under Obama, it sucked to be a publicly traded company that was owned by conservatives. Who here thinks they won’t crash this market at the precise moment it will hurt DJ Trump the most?
If you can predict even just approximately when they’ll crash the market, you could game the market and make some serious cash. Statements like this by the FED are just cover for the crash the globalists are planning. The Chinese are openly speaking of taking down the dollar and Obama gave them the power to do it. The trigger make come from abroad, but Trump will be blamed. Election cycles rule.
Keep stacking, Venezuela here we come.
“so logic tells me prices will go down”
The reality is inflation is too many dollars chasing too few goods. In linear thinking double the supply of dollars and you double the price. Increase money velocity and prices can double without doubling the money supply.
Prices won’t drop beyond the contribution of money velocity. That being already low creates an environment that people simply cannot afford to by as much. They once referred to it as “stagflation”. With the environment we’re in its going to require a more expressive grandiose name.
we are all painting a sinking titanic. and the band is playing while the ship sinks……………only the rich get the lifeboats. and everyone else is DOOMED. IT’S’ GOING TO BE A WILD RIDE. NOW THE NEW LAW SAYS THAT IF YOU HAVE OVER $1,000 IN YOUR BANK ACCOUNT…………THE BANK CAN TAKE IT IN MAKING YOU A STOCKHOLDER IN YOUR BANK TO PREVENT A RUN ON YOUR BANK. DON’T YOU FEEL PROUD ? ? CALIFORNIA WANTS TO BECOME AN INDEPENDANT COUNTRY OF DEMS. THEY ARE NOW BARRING THE FEDS FROM COMING IN TO ENFORCE THE LAWS…….WITHOUT THE CONSTITUTIONAL LAWS WHAT HAVE WE GOT LEFT ?? ? SCOOTERDOG
Possible crash point.
Soon before or during the 2020 primary’s.
That’s what I’m afraid of.
It would be enough to scare people away.
New highs in five weeks.
Isn’t it a good thing that the Fed has lost control????
You bet Sarge…. but then again, they never had the control they thought they did.
You’re right Sarge, it would be. It’s long past time it all came crashing down. Problem is guys like Mannarino, Schiff and the like have been thumping this same drum for far too long to give much credence to. I see their points; but, there’s powers at working propping the whole scam up. Only when those same entities let the supports out will it all fall.
watch this folks ↓
If everything was really that dire, why isnt he, and Schiff, et al on their private jets or flying business class to their BOL in New Zealand?