➡ The speaker warns that smaller, regional banks may soon face a crisis as people are withdrawing their money, possibly due to low interest rates. They advise staying informed and prepared for this potential financial instability. The speaker also mentions a previous video about $20,000 gold and invites viewers to a later discussion. They end by expressing care for their audience and encouraging mutual support.

Okay, everybody. Here we go. It’s me, Gregory Mannarino, Monday, May 13, 2024. Pre-market report. A lot of stuff to cover today. Let’s start off with this, people. You and I, before anybody else, and you know this is true, if you’ve been with me, started to at least try to wake up the masses with regard to the issues with the smaller and the regional institutions. Well, I’m here to let you in on a little secret. The problems for the smaller banks and the regional banks is getting monumentally worse, and no one’s talking about it.

It’s not getting any coverage whatsoever on the mainstream media outlets, and that should tell you something. They’re hiding this. They can’t let people understand what’s going on here. And I’m going to tell you right now, and you know what I’m going to say is true. The banking system today, just real quick, across the board, and this includes the major institutions, are in more trouble right now than they’ve ever been in in history. It’s all started years ago, actually, and you and I started saying, hey, you know what? No deposits, no loans, no deals.

There’s a problem here. Well, this situation has gotten a lot worse, not just that. What are we hearing about, and we are hearing about this even from the mainstream media. Loan defaults across the board are worsening. Credit card defaults are worsening, and although the smaller institutions are more susceptible to this, this is also an issue with the bigger banks. Okay, so what do we need to know about what’s happening now? Let me cut right to the chase, and I’m going to say it again. Get your cash out of the smaller and regional banks.

Do it today if you haven’t done it, because I can promise you we are going to see a domino effect of these institutions, especially moving into 2025. And I’ve been sounding the warning here, at least trying to, because everything I look at, every piece of information that I can gather, and I look at this stuff all the time, tells me that moving into 2025 is going to be a big deal. Okay, so with that said, we need to get ready right now. Understand what the mainstream media is allowing you to know.

Loan defaults rising across the board, and they’re also letting you know that people have burned through their savings. That means that these smaller institutions, they got a lot of problems here. Their balance sheets are loading up with bad debt. Now, the situation is very simple. The smaller and the regional institutions are going to be allowed to fail, because the big institutions, they’re too big to fail. So what’s going to happen is to offset the losses on the big bank’s balance sheets is they’re going to buy assets from the smaller institutions with pennies on the dollar.

This is nothing but a consolidation, people. The big commercial banks, the G.P. Morgan’s, for example, the Morgan Stanley’s, these are going to be okay. Bank of America is another situation. Now, I’ve been talking about Bank of America for a very, very long time. If you look at the data with regard to Bank of America and their peers, they’re in deep shape. So stay away from Bank of America. But with the smaller banks, the regional banks, start to withdraw your cash out of there. And again, look for somewhere else to keep it.

If you must keep your cash in an institution, I’m going to say this again for the millionth time, and my words always get twisted. These institutions are not safe. I’m talking about credit unions. Credit unions are safer than the big commercial banks, at least in my opinion, and not the big monsters like the G.P. Morgan’s and the Goldman Sachs. They’re going to be safe because, again, they run the Fed. Period. Other banks, not so much. Bank of America, I would avoid. Okay, that’s just me telling you my take on this here. Now, a couple of other things I want to cover.

So, yesterday’s video, I explained to you the situation with regard to the coal that was made, about $20,000 gold and how the Treasury is going to revalue gold to $20,000. This is a pipe dream ain’t happening, okay? With regard to gold, $20,000, a lot of you took exception. Oh, Greg, it’s going to $40,000. Lynette Zang says so. Look, Lynette, I don’t know what her act, I’ve never discussed this with Lynette. Lynette is very smart. I love Lynette. Everybody loves Lynette. Her opinion on $40,000, it’s hers. She’s entitled to that. Me, I just look at things, okay, in terms, how I look at everything, is it breaking it down to its most simplest form? No, I just look at, as you all know, the Dow Gold Ratio.

Now, understanding the Dow Gold Ratio, we need to pick, or at least try to come up with the most likely bottom here. We know where the Fed jumped in at Dow 6,000. That’s where the Fed chose quantitative easing one to try to re-prop up the market after it fell 50%. Do you understand? Now, since that time, some of these corporations have gained value that make up the Dow Jones Industrial Lab. This is a wild kind of speculative call here, admittedly so, but the bottom for the Dow in an extreme situation could be $6,000.

It could be $8,000. But again, it looks like some of you didn’t understand what I was saying. Look up the Dow Gold Ratio. It’s a real thing, I didn’t make it up. I’m not that smart, okay? Dow Gold Ratio is a real thing. I believe, we’re going to get a 1 to 1 par Dow Gold, but we need to figure out where the bottom is of the Dow. Could be $6,000, could be $8,000. I mean, could it be low? It could be. But I’m just saying, my take on it is a 1 to 1 ratio Dow Gold, probably around $8,000, $6,000.

That’s my perspective, gauging where we are now in this market that doesn’t make sense at all from any perspective, okay? It’s so overvalued, it’s so twisted. Global debt is going to continue to balloon. We understand that, yes, it’s going to take more devalued dollars to buy anything, even shares of stocks. That’s why this is kind of hard to really pinpoint this. But you don’t have to be that accurate here. Well, we understand you and me, okay? And again, I want to apologize to those of you that I confused. I thought my video was very on point, but some of you got confused, okay? We know that the market is completely detached from reality, and that’s a fact.

I mean, it’s very hard to argue that understanding that the mechanism here of suppressed rates, currency devaluation has caused the distortions that we see now. But I don’t think it’s that out of the realm of possibility to say the bottom for the Dow could be between $6,000 and $8,000. Maybe it’s $10,000, but I still believe it’s going to be a 1 to 1 ratio, wherever the bottom may be, with regard to the Dow, the Dow Jones Industrial Average in gold. If they go out to silver people, 10 to 1, 15 to 1.

10 to 1 in an extreme circumstance with regard to Dow, gold, gold, silver. You understand? Very, very simple, at least I hope so. Anyway, now, if you go to the market and the Fed put that we discussed yesterday also seemed to confuse people, I understand this stuff is kind of convoluted, it seems that way, but all it means is the Fed is going to prop up the market here by keeping rates suppressed. And no matter who they put, no matter who is selected as the new thing to sit behind the Resolute Desk, we can expect currency devaluation to accelerate.

Trump’s already said it. He thinks the dollar is too strong. We heard this during his tenure. We know he likes bond yields suppressed as well, which is massively positive for the stock market. But we’ll see, move to 2025. Biden, the man doesn’t understand what a yield is. He doesn’t even probably know what a stock is, in my opinion. And maybe it’s not all his fault, I think his cognitive function is kind of off. But I’ll leave that all up to you to decide. But we can count on massive debts and deficits to continue to balloon from here.

What do you want to do? You’ve got to take the opposite side of that trade beyond, you know, in hard assets, gold and silver and stuff like that. Anyway, so this morning you got the 10-year yield dropping. The dollar index or the Dixie firmly below 106 at this point. I would not be surprised at all to see the MMRI, Materino Market Risk Indicator. Again, free to everyone on this planet. Link in description would be to drop below 290. Maybe even today. We’ll see. Well, let’s keep our eyes on that. And that means that the game remains risk on for now.

That means cash is going to make its way into the stock market, hyperinflate the prices of stocks and companies, obviously, more so than they are right now. So I’m still along this market. I’m still buying JEPI, JEPQ, looking for commodity exposures. You won’t know my take on this, people. I really don’t know another way to put it. So let’s just summarize real quick. The silence is deafening. Okay. You’re not hearing anything about the smaller institutions, the regional banks. Nobody knows until everybody knows. And that’s when there’s going to be a panic.

I personally believe that people are withdrawing their cash in smaller amounts from these smaller institutions here, the regional banks. I don’t know what they’re actually doing with it. They should be looking again into maybe hiding it under the mattress because these banks aren’t paying you anything with regard to interest. Anyway, so we’re going to see these institutions fall like dominoes at one point, and it could be relatively soon, but stay ahead of the curve, people. That’s all I’m trying to do here, is feed you guys or allow you guys to get information that is actionable so that you can do something with.

I don’t want to entertain anybody. That’s the truth. I get a little silly from time to time. That’s my coping mechanism, but the fact of the matter is, it’s a serious business, and we need to be ahead of the curve all the time. We know who our enemy is. We know what they want. We’re not going to let them win. No way, no how. You understand? Anyway, that’s what’s going on here with the situation here. I hope I clarified issues with regard to yesterday’s video with $20,000 gold. If you didn’t see it, go watch it.

Anyway, I got your back. You all know that, and I will never let you down. With that said, people, this guy here loves you from the heart. I mean that with all I got. We will get together today, 4 or 5 p.m., each year for the post market. Have some questions ready for me, and we’ll go over that as much as we can here. Until we see you again later, what am I going to tell you? Take care of yourselves and take care of each other. All right, I’ll see you later.

See more of Gregory Mannarino on their Public Channel and the MPN Gregory Mannarino channel.