Do you not get the impression that, in addition to destroying the world's economy and ushering either the great reset or CBDCs, that the Fed is doing the same thing that the lockdowns did for small business; i.e. destroy small banks so JP Morgan can scoop up failed banks for pennies on the dollar?
There is no doubt that they are intent to destroy small businesses and the middle class entirely. This is in Europe and the USA. We don't see this in Asia right now. I wonder why that is?
It sure looks like Europe and the USA are living in borrowed time. They don't produce anything except for the money created from nothing. They shifted their production to Asia and ruin perpetual trade deficits. Asia isn't suffering like the US and Europe.
We were the global currency and military super power. The Cabal/Beast owns the banks and don't need us anymore. They own everything and most politicians. They are making their move.
I'm guessing that only we in the West have a tradition of thinking for ourselves and expecting to live in liberty, more so here in the U.S. because of the Constitution, than in Europe It seems that people in Asia don't have those expectations and will be easier to control than we will be (than we already are).
I'm living in Thailand 39 years. I can guarantee that you feel far freer and fearless here than any place in the USA. India is also freer. I've lived in India also for 5 years. In my experience the USA is the least free and most corrupt country I've lived in.
Other countries do not have a USD Reserve currency. They cannot just print money infinitely and think they can buy themselves out of every problem.
Look at what the USA has done to many other countries. Pillaged and stolen everything they had under threat of war and death and destruction if they did not comply. This country is pure evil. It is under judgement. I am so ashamed of what our government has done. And we did nothing to stop it.
FWIW, it's not the government doing this; we really don't have a "government" any more (everything Federal is controlled by the likes of Blackrock, State Street and Vanguard). In this case, the damage is being done by the Fed, which is NOT a federal agency (in fact, a private bank which is part of the international banking cartel centered in the City of London), and is part of the plan to usher in CBDCs and the great reset. I'm guessing I'm preaching to the choir on that, though. Most people have no idea that the Federal Reserve is not a U.S. government agency. People generally have no clue about money, sadly.
You notice how they did it "after hours". That's going to be the name of the game in the markets the rest of this year.....slicky, tricky, sneaky tricks.
I don't know if there truly is any escape. I am following Greg's advise and sticking with the commodities. But this week I am down huge. I am stunned at how rapidly shares can crash, even XOM. Demand for energy did not suddenly die, but watching the market one would think it has.
Hmmm. Gold was $32 when I was a kid before Nixon discarded the gold backing of the USD. Maybe not a return like shares of GOOG, MSFT, etc, but not bad and very safe. Obviously, as Mr. Mannarino always tells us, the Wall St. super bank JPM is always manipulating the precious metal market.
One of my best investments has been FNV, which has gone from like $12 when I bought it to $157 today. It has been higher too. A great company with zero liabilities and consistent growth.
I am not a genius. I have to keep trust in gold and silver as real money that cannot be created from nothing.
And The Fed did not know this is happening? They know, and it is what they want. They have no need for competition now. They want total centralized CONTROL.
All zombies. Never should have survived this long. There are some good banks out there that didn't engage in unsustainable unicorn speculation like the regionals did.
The calm before the storm. Let's see how you feel at the end of August. People are taking money from their accounts and spending. At some point, BAM let,s get some Silver Wow no Silver available . Oh well I guess we're F--ked. What a shame.
Gregory Mannarino, would like to get your perspective on the Eurodollar system and how much it is contributing to the current banking crisis in comparison to the Fed’s daily interventions. What are your thoughts relative to Jeff Snider’s thesis that the Eurodollar system is the main driver of instability in the system? Is there a meaningful difference between fiat dollars created by the Fed and fiat dollars created within Eurodollar system from ledgers? In either system, isn’t the liquidity problem largely an issue of fractional reserve banking practices?
I have been holding XOM, DVN for a couple years now. They have gone well for me. Took profits and keep holding and reinvesting. I have a wee bit in LNG.
You sound like me. I have both DVN and XOM, alto ET, EPD, OKE, WMB and more. I want dividends regularly and if I do not need the cash I reinvest the dividends. I hold my breath when the energy shares are attacked. Over and over I see the commodity traders drive prices down, and the BOOM, they bounce back.
One by one they all fall DOWN...except for the bigs.. So does it make sense to look at deep in the money calls on JPM, BoA, Citi??? What do the lions think?
I think if JPM doesn't hold at 128.79 ish the next very strong zone is at 118 ish. Look for the push south before you jump in on a call. If you wanted to try a put go lite and maybe try one here for the ride to 118.oo Super sketchy market, so tread with mega caution. Do not buy at the open it will be too volatile.
What is going to happen when the too big to fail banks actually fail due to their derivative exposures? First they have to get rid of your local bank, heard everyone into large banks and then send all the herd animals to the slaughter house.
Do you not get the impression that, in addition to destroying the world's economy and ushering either the great reset or CBDCs, that the Fed is doing the same thing that the lockdowns did for small business; i.e. destroy small banks so JP Morgan can scoop up failed banks for pennies on the dollar?
There is no doubt that they are intent to destroy small businesses and the middle class entirely. This is in Europe and the USA. We don't see this in Asia right now. I wonder why that is?
America and Europe has to fall so the Bankers/Money Changers can establish the NWO/Beast System.
"It's a big club and you ain't in it"
- George Carlin
It sure looks like Europe and the USA are living in borrowed time. They don't produce anything except for the money created from nothing. They shifted their production to Asia and ruin perpetual trade deficits. Asia isn't suffering like the US and Europe.
We were the global currency and military super power. The Cabal/Beast owns the banks and don't need us anymore. They own everything and most politicians. They are making their move.
I'm guessing that only we in the West have a tradition of thinking for ourselves and expecting to live in liberty, more so here in the U.S. because of the Constitution, than in Europe It seems that people in Asia don't have those expectations and will be easier to control than we will be (than we already are).
I'm living in Thailand 39 years. I can guarantee that you feel far freer and fearless here than any place in the USA. India is also freer. I've lived in India also for 5 years. In my experience the USA is the least free and most corrupt country I've lived in.
Other countries do not have a USD Reserve currency. They cannot just print money infinitely and think they can buy themselves out of every problem.
Same in the Philippines. Back in Europe I have to lower my eyes not to anger an immigrant gang and suffer a humiliation robbery.
Yes, I understand you. The Philippines is much like Thailand, except the people know English whereas in Thailand that is rare.
Exactly why I chose Philippines. Especially the elderly knows English very well.
Look at what the USA has done to many other countries. Pillaged and stolen everything they had under threat of war and death and destruction if they did not comply. This country is pure evil. It is under judgement. I am so ashamed of what our government has done. And we did nothing to stop it.
Hi Lucy. I feel the same as you as do most of my friends and family. We grew up in the 1950s when the US was an entirely different country.
Happy for you, especially considering that you have money to trade with. Too many don't have that luxury.
FWIW, it's not the government doing this; we really don't have a "government" any more (everything Federal is controlled by the likes of Blackrock, State Street and Vanguard). In this case, the damage is being done by the Fed, which is NOT a federal agency (in fact, a private bank which is part of the international banking cartel centered in the City of London), and is part of the plan to usher in CBDCs and the great reset. I'm guessing I'm preaching to the choir on that, though. Most people have no idea that the Federal Reserve is not a U.S. government agency. People generally have no clue about money, sadly.
They are using Russia as a distraction.
You notice how they did it "after hours". That's going to be the name of the game in the markets the rest of this year.....slicky, tricky, sneaky tricks.
"We beez in the trap"
I don't know if there truly is any escape. I am following Greg's advise and sticking with the commodities. But this week I am down huge. I am stunned at how rapidly shares can crash, even XOM. Demand for energy did not suddenly die, but watching the market one would think it has.
It’s bronco riding time
Sweet
As soon as they do that, they will see gold leap to some unimaginable number.
Hmmm. Gold was $32 when I was a kid before Nixon discarded the gold backing of the USD. Maybe not a return like shares of GOOG, MSFT, etc, but not bad and very safe. Obviously, as Mr. Mannarino always tells us, the Wall St. super bank JPM is always manipulating the precious metal market.
One of my best investments has been FNV, which has gone from like $12 when I bought it to $157 today. It has been higher too. A great company with zero liabilities and consistent growth.
I am not a genius. I have to keep trust in gold and silver as real money that cannot be created from nothing.
Dozens of regional bank stocks are plunging today, as the bank crisis continues to gain momentum.
PacWest, $PACW: -36%
Western Alliance, $WAL: -31%
Metropolitan Bank, $MCB: -27%
HomeStreet, $HMST: -23%
Zions Bank, $ZION: -15%
KeyCorp, $KEY: -9%
HarborOne, $HONE: -10%
Citizens Financial, $CFG: -12%
America.... you are DONE FOR! And there is not a dam thing you can do about it 😅.
Eeeeeeeheheheheheeee 🤣😂😃👍😁
Didn't you mean "Yippee-Ki-Yay, Motherf*ckers!"?
And The Fed did not know this is happening? They know, and it is what they want. They have no need for competition now. They want total centralized CONTROL.
Try you a nice, fresh, hot cup of Cafe Verona black.
You live in one spot then. It is NOT like this everywhere.
True. The rest of the world isn't in awe of the Dollar anymore. I'm Asia people trust Gold. There are gold shops everywhere.
Looks like GOLD is spiking quite nicely here. I guess that means "somebody" knows the S is about to hit the fan. Heheheeee 😁😈
/GC Daily Chart:
https://docs.google.com/document/d/1eosdhKCUTk9J5WIxuolx7AcZXR8hUgcBMDYO2OC3hR0/edit?usp=drivesdk
All zombies. Never should have survived this long. There are some good banks out there that didn't engage in unsustainable unicorn speculation like the regionals did.
Let the panic/fun begin !
The calm before the storm. Let's see how you feel at the end of August. People are taking money from their accounts and spending. At some point, BAM let,s get some Silver Wow no Silver available . Oh well I guess we're F--ked. What a shame.
MMX is quoting silver eagles today at 40.00 apiece. That includes a 15.00 plus premium.
Ppl are not like that in Europe coz we have no USD.
Nice weather? 🌞
The market will go down when banks go down. Thats all i care about
Looks like u r a wealthy guy - who doesnt understand INFLATION impacting normal folks.
Hey Greg, I think you might get a kick out of this 2 minute video:
https://twitter.com/traderpodcaste/status/1653946632591794176?s=12
Gregory Mannarino, would like to get your perspective on the Eurodollar system and how much it is contributing to the current banking crisis in comparison to the Fed’s daily interventions. What are your thoughts relative to Jeff Snider’s thesis that the Eurodollar system is the main driver of instability in the system? Is there a meaningful difference between fiat dollars created by the Fed and fiat dollars created within Eurodollar system from ledgers? In either system, isn’t the liquidity problem largely an issue of fractional reserve banking practices?
I have been holding XOM, DVN for a couple years now. They have gone well for me. Took profits and keep holding and reinvesting. I have a wee bit in LNG.
You sound like me. I have both DVN and XOM, alto ET, EPD, OKE, WMB and more. I want dividends regularly and if I do not need the cash I reinvest the dividends. I hold my breath when the energy shares are attacked. Over and over I see the commodity traders drive prices down, and the BOOM, they bounce back.
One by one they all fall DOWN...except for the bigs.. So does it make sense to look at deep in the money calls on JPM, BoA, Citi??? What do the lions think?
I think if JPM doesn't hold at 128.79 ish the next very strong zone is at 118 ish. Look for the push south before you jump in on a call. If you wanted to try a put go lite and maybe try one here for the ride to 118.oo Super sketchy market, so tread with mega caution. Do not buy at the open it will be too volatile.
What are your thoughts GM?
Thanks for all you do
What is going to happen when the too big to fail banks actually fail due to their derivative exposures? First they have to get rid of your local bank, heard everyone into large banks and then send all the herd animals to the slaughter house.
Yes, we are thinking the same. My goal is dividend personal income. If oil goes way down, I will back up the truck for us. Best to you ! 👏
Thanks Greg!