Monday, September 30, 2013

The Economy is Terminal-Greg Mannarino

By Greg Hunter’s 
Trader/analyst Gregory Mannarino says the financial crash of 2008 was “the party over moment.”  Mannarino goes on to say, “The financial system, as it had been run from its inception, literally ended at that moment . . . what we have now is a side effect that is terminal, and I am referring to the economy.”  The economy is so sick that it needs to be propped up.  Mannarino contends, “What we have now is a Federal Reserve managed market.  There is no free market at all.  It’s almost like a new form of government being installed right under people’s noses.”  Mannarinio thinks, “We do not have an economy that is designed to create wealth.  We have an economy that is designed to create debtors.”  Mannarino warns, “The bubble in debt is, without a doubt, the greatest threat to humankind. . . . When that bubble bursts, resources will become scarce.  We are going to have a loss of life on par with a nuclear exchange.”  Join Greg Hunter as he goes One-on-One with trader/analyst Gregory Mannarino