USA Watchdog’s Greg Hunter has released an excellent interview with Greg Mannarino, a former Bear Stearns floor trader in the mid 1990’s. Mannarino has written seven books on the ongoing financial crisis. His latest is called “The Politics of Money.” Mannarino tells Hunter, “The global debt bubble is the biggest in all of mankind, and every single one has burst in the past.” He thinks what has been going on since the 2008 financial meltdown, “Is theft on a scale that is unimaginable.” When this debt bubble bursts, Mannarino thinks, “People are going to suffer on a Biblical scale. . . . People are not going to be able to acquire basic resources.”
Full interview below:
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All bubbles burst. The challenge is knowing “when”.
After starting my read from Jim Willie’s August report, Greg’s post above and then listening to Romney talking about the ‘challenges’ posed by China (what a freaking joke in those statements) and Greg’s note that these brain damaged idiots in DC have no clue what faces us, I wrote my comments in the Dead Canary article presented above. That’s all I have to say about the subject today except to state that the canary died from poisoned Chinese bird food.
5 Star Interview from the 2 G’z. 100% agree. After now knowing Mr. M’s background, I understand why he’s so smart. Keep up the good work.
Thje bubble has burst but the effects haven’t been felt yet. Things are turning bad a little bit every day and one day soon we will wake up to armed patrols in the streets.