Greg Mannarino discusses his expectations of an official QE3 announcement by The Fed on Thursday to hold serve with the ECB’s announcement last week of unlimited ‘sterilized’ bond purchasing, and the implications new ‘official’ QE will have on Treasuries, the dollar, stocks, and gold and silver.
Mannarino states that the vast majority of investors who don’t understand how the Fed’s money game works are going to get slaughtered like pigs, and WILL LOSE EVERYTHING!!!
Mannarino closes by stating investors must BECOME THEIR OWN CENTRAL BANK, AND DO IT NOW!
MUST WATCH!!
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Who is “Greg Mannarino”? I know he posts on youtube, but who is he? What gives him credibility?
Also, I don’t like the expression of “becoming one’s own CENTRAL BANK”. A Central Bank is one of the main planks of Karl Marx. We should not be our own MARXIST CENTRAL BANK at all. Instead we need to repudiate the entire concept of CENTRAL BANKING. But yeah, I “get it” the alliteration… but I don’t like it.
IMO who Greg is or isn’t is of only secondary importance. What is of primary importance is whether you think what he says makes sense and whether you can make use of his work.
I don’t give a fig who Mannarino is, but that photo is gross. I’ve been an avid reader of SD for over a year now, but I haven’t felt the need to register. Until tonight, when I saw that photo. Coming hot on the heels of the tasty sewer, I just want to say, “Gentlemen, pleeeease.”
I like Chris Duane’s idea of never selling, but using one’s bullion as collateral. How would that work, exactly?
I love the photo. Tighten up your stomach, because our generation is going to see far worse things in humanity than you’ll see in the corpse of a pig on a computer screen.
If you do not understand being your own central bank, you probably have no silver. Instead of a bank making interest on the money you put in their bank, you’re paid interest to yourself as you take profit to end debt or reinvesting in other commodities.
What I’ve noticed about Greg is that he does drill down on some key factors that have a significant affect on financial, gold and silver markets particularly as it relates to the large banking empires.
His essays are not too extreme but he does make his points and conclusions very clear. I listen to his periodic blogs to get that bit of additional data from which I can draw conclusions.
His basic charts make details clearer with long term overviews that get to the point and conclusions quickly. Some in his field spend 30 to 45 minutes to get to the same point. His 10 minute posts are worth listening too.
I agree AGXIIK. Greg not being a well-known silver analysis does not mean what he has to offer is not valid. I like how he gets to the point.
Nice clear presentation. No Volume now so must be expecting those stock lovers to run in and get clobbered hard.
My little bank is closed and won’t open until we see some serious, big, huge changes in the price for real money which may be sooner than we think. You realize that we will all know those people that will get clobbered. They are related to you, or you have known them for years, they live a few houses down or they go to your church, etc.
Just your typical everyday financial BAR-B-Q. I hope that hog wasn’t wasted.
I understand what he is saying and it sounds logical. On the other hand Tyler Durden is saying it won’t happen. I guess we will see who understands this mess better.
Will it matter what silver goes to if we are cashing in our chips on December 21st….according to the Mayan calendar??????
I got rid of all my American dollars except for the pennies and used them to buy junk silver. My local coin shops still accept American dollars because they say that it’s about the same value as the Canadian dollar. But for how long? That’s why I got rid of them before they declare that they don’t accept American dollars anymore. I’m sure that the Canadian dollar is also going to get affected by QE3 since the US won’t be able to buy Canadian resources cheaply due to inflation.
Becoming your own central bank is pretty tough unless you have the capital to begin with. Us small stackers are just hoping to have enough to ride out the bad year or two.
This guy has the ability to wake up a few of the dolts. I like his style. I believe that he is right on the mark. We are going to see all fiat currency depreciate very fast to its intrinsic value. Paper money that is not backed by gold or silver has never succeeded in the history of the universe. It always eventually fails. Thank you SD for posting this interview.