In Less Than One Hour We the People Could Take Down the Financial System - Gregory Mannarino Video
This is what we the people can do to shock the masses.
It’s true. We did this in Madison WI, everyone went to M&I bank on the Capital square during a protest and withdrew their $. That bank no longer exists here. 👍🏼
American dream is done. RIP.
It’s our money and we want it NOW!
Finally, someone is offering a real solution. Now we just need a way to accomplish this. I think the problem is, you’d have to arrange it secretly. But then, people will want to be first, and get money out of the bank before the bank-run occurs.
Mainstream media is starting to get worried.
Divide and conquer, oldest trick on the book
people aren’t allowed to know this :O
greg I HATE TO SAY THIS , I THINK THEY WILL RUN THIS FIAT SYSTEM AS LONG AS THEY CAN—VENEZUELA IS COMING TO AMERICA
A house divided cannot stand. We’re also watching banks fail. This collapse will be epic. Only a few will benefit (by design); JPM among them.
It’s about time people start to discuss bringing this enslavement system down, if not for the world but for the very least the west or even just the US. The entire system is corrupted and failed as we know back in 2008. I still yet to find anyone that can explain to me how the entire portfolio of lehmans just got sucked up… Trillions upon trillions of deals that technically are an outright loss but worse when just 1 traded derivative fails that causes a massive chain reaction and how do I know it was my job until I decided to have a more forefilling life. And that’s without traded long term as such derivities in the 10 year, tell me how when products such as FRAs, IRSs, Basis Swaps that all have a loser somewhere of epic scale! Libor vs original rates someone wins, someone loses and NO trades ever get cancelled! Then how can these products work with negative rates, when the Japanese went negative it was an arbitrage field day, and risk was on the banks being around long enough… Of course none failed but rates soon went above zero again… Simply cause the losses were huge… From my perspective and what I traded and how it works… This system is dead. QE is now a requirement to enable the system to continue all the while people actually get rapidly poorer.. So people should consider not only political but financial changes across the board especially in the west where it includes genocide of white people and their cultures…. Yet also many people fail to realise like you point out greg, this entire structure can be saved but it requires some companies to actually go bust and some people actually lose money regardless of background or wealth. Until then welcome to the daily robbing, and that ever more distance pleasant future replaced by poverty….
Here’s How To Trigger A Bank Run
On August 6, 1979, Paul Volcker as the new Chairman of the Federal Reserve was determined to eliminate the terribly high inflation that had taken hold of the system. And he succeeded.
The Fed’s primary interest rate stood at 11% when Volcker entered office. By June 1981 he had hiked them all the way to 20%.
Corporate America was not impressed. Indebted farmers blockaded his building.
But the pain was relatively short-lived. And as Volcker’s victory over inflation became more apparent, markets applauded. As bond prices started to rise, stock prices joined them.
Both credit and equity markets began a multi-decade bull run.
The trend in interest rates for years has been in the other direction; rates in the US are now effectively zero, though Janet Yellen is widely expected to announce a modest tightening next month.
Over here in Europe, zero has not marked the lower bound for rates. The European Central Bank’s deposit rate stands at negative 0.2%. And they’re widely expected to cut the deposit rate even further.
These policies have consequences. One of those consequences is that government bond yields throughout Europe have gone negative.
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Government bond yields with durations up to two years are now negative in Switzerland. As well as Germany. Finland. The Netherlands. Austria. Belgium. Denmark. France. Ireland. Sweden. Italy. Spain.
Regardless of how heavily and unsustainably indebted those governments are, bond investors in all of those countries are still buying bonds even though they are now guaranteed to lose money.
But if this weren’t odd enough, the weirdness has spread from bonds to cash.
From January, depositors in Alternative Bank Schweiz in Switzerland will earn negative 0.125% on bank deposits. Depositors with over 100,000 Swiss francs will earn negative 0.75%.
If you wanted to trigger a bank run, this is certainly how you might go about it.
First, drive interest rates down to zero. Then cut rates even more. At the same time, start talking about banning cash altogether.
And if you’re in the euro zone, make sure you squander seven years doing precisely nothing to restructure your banking system after its near-death experience of 2008.
What should the rational investor do in an environment of ongoing financial repression?
To know the answer, we need to know whether central banks will be successful in their increasingly quixotic efforts.
We think the ultimate outcome will be an inflationary mess on a scale perhaps unprecedented in financial history, but not, perhaps, before a deflationary crisis happens first.
Either way, western market government bonds no longer offer any margin of safety, only the prospect of guaranteed loss. They have once again become certificates of confiscation.
For us, the logical solution is to focus only on the highest quality businesses trading at the lowest possible multiples – which invalidates most western markets, notably those of the US, from consideration.
And notwithstanding the price action of the last four years, we continue to see merit in precious metals.
Think of gold, for example, not as a commodity (given that gold is rarely, if ever, consumed), but as a special type of bond.
In the words of Charlie Morris, formerly of HSBC Global Asset Management, think of gold as an irredeemable bond that pays no interest, but has no credit risk, where the issuer is God or the universe itself.
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