Trader and analyst Gregory Mannarino says the governments and bankers want war. Mannarino explains, “War is the goal. People need to understand here the goal of the world central banks is to bring us to war. So, they have a big, big reason to borrow cash into existence. This is it. The debt based economic model has got to be the most corrupt, evil and dastardly mechanism to be pushed down the throats of the entire world. They are going to do what they need to do and that means bring us to a full blown war, nuclear or whatever they need to do to keep this going. If they do not find the reasons to borrow cash into existence, creating refugee problems, leaving all the borders open, war, you name it. . . . The world central banks have created a situation where they have to borrow cash into existence in perpetuity. They can never stop. If they do stop, it will cause a loss of human life greater than a nuclear exchange. So, they are stuck here. The lessor of the two evils here is to bring us to war. As horrible as that sounds, that is where we’re at.”
On the surging stock market, even though the economic and geopolitical news is bad, Mannarino contends, “Forget about the stock market. It has absolutely disconnected from reality in every way, shape or form you can think about. We are now existing in economic fantasyland. The market top from May has held so far. Will it continue to hold? Here’s what I am thinking now. I do believe it has the potential to hold, but why is the market up on the shooting down of this Russian jet and helicopter? Because they are expecting the world central banks to do something. We have terror all over the world and war building up. This is going to give them an excuse to print and stimulate. That is going to have an effect on the markets, and that is why it is higher.”
On the Fed raising interest rates soon, Mannarino thinks, “The Fed is, frankly, screwed. They are going to have to do something here to remain credible. Confidence is the only thing keeping this farce going. If the Federal Reserve does not raise rates next month, then that is the biggest ‘no confidence’ vote for the U.S. economy, and that is going to melt down this market. Some think if the Federal Reserve does not raise rates, the market is going higher. I can’t imagine why it would do that. This secret meet they just had, this is what they were talking about. . . . I think the Fed was discussing the lessor of two evils here. The lessor of two evils is they are going to nudge rates higher.”
Join Greg Hunter as he goes One-on-One with Gregory Mannarino of TradersChoice.net.
(There is much more in the video interview.)
After the Interview:
Mannarino has free trades and free information on TradersChoice.net. Mannarino sells nothing.