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Summary
➡ The financial system is in trouble, with hidden losses and assets being dumped. Renowned investor Warren Buffett is reducing his financial exposure, a move he’s made before previous market crashes. This suggests a potential financial crisis is looming. It’s advised to keep only necessary funds in banks and consider safer options like credit unions.
Transcript
Now, with the 10-year yield dropping this morning, you’ve got stock futures slightly higher. Nothing major higher nonetheless. You’ve got the dollar this morning on a relative-strain basis is slightly lower. Nothing major going on over there. Gold and silver are under a little pressure. Crude oil is catching a little bit of a bid. You’ve got Bitcoin and cryptocurrencies also catching a little bit. Okay, well, that’s well fine and dandy. Let’s back up just a moment here yesterday. We heard from the Federal Reserve warning about sudden potential economic shock. What are they trying to tell us? They’re all of a sudden prices are going to rise overnight.
They’re telling us something else here. We’ve got to look for other clues as to what they can’t tell you outright. No one’s going to tell you this. Not even a puppet president is going to tell you this. What you walk in here is we need low rates. We need a weaker dollar. Again, this is a mechanism to keep the system afloat just a little bit longer. There’s not enough dependency on the current system yet, in my opinion. But when you’ve got a guy here, I’m talking about Warren Buffett, who’s now quietly stepping off the stage.
At the same time, his company here, Berkshire Hathaway, is dumping more bank stocks. This should tell you and I that there’s a problem. And I’m going to outline for you. What I’m going to tell you here is public record. This guy invariably gets out right before a major event occurs. And I have examples of this for you. This is public knowledge. You can look it up for yourself. Now, this is in your inbox right now. If you subscribe to my newsletter again, 100% free. Link in the description of this video. And we’re going to cover that.
But look, man, you and I got to understand that what we have is an illusion. We have a system where liquidity is drying up extremely fast. And we are going to face a credit event, a locking up of the system. There’s no doubt about it. And when this occurs, it’ll be off the back of, obviously, an implosion in the debt market on a scale that people are not ready for. But Warren Buffett, in my opinion, sees it. He’s not called the Oracle for nothing. So I want to cover this. So here’s a headline, a market extra.
Warren Buffett, Berkshire Hathaway is dumping Citigroup’s stake. Trim’s Bank of America, Capital One here. He’s been doing this for a while. I mean, this is public knowledge. You even know about this yourself. But what’s going on here? Why is this happening? So let’s delve a little deeper into this with examples so you guys and girls can understand that I’m not just making this stuff up out of my own freaking head. I want you guys to understand a few other things, too, before we move forward. I have been saying you need to get your cash out of the system, only keep in what you need to to transact in their system.
That’s an unfortunate fact. The banks, the commercial banks especially here, the investment banks, they’re in a lot of trouble. I say do this. It’s a very simple solution. Take your cash out of these banks. Put it into a credit union. Credit unions do not have exposure to the derivative market at all. Now, I’m not saying to you that credit unions are 100% safe. Nothing is safe. But they are safer. So do yourself a favor here. On the back of what I’m about to read to you, and you’ve heard me say this before, if you’ve been with me for any length of time, does it make sense to you that you should get your cash out of the banking system as much as possible here? Put it in other assets.
Keep only enough cash that you need to transact within even a credit union. Does this make sense to you, what I’m saying or no? I really do want to hear from you because I just got called out by someone in my newsletter about this exact thing. I mean, these people are willfully blind or they’re trolling. Or maybe they just don’t understand because, again, the IQ level has dropped here in the United States to a point where people don’t know how to walk and chew gum at the same time anymore. But that’s not you and I.
You and I, we are ahead of the curve. And I promised you from around how long ago to keep you there. So I want to read this to you, and I want you really to focus on this. And as I said, this is in your inbox right now if you subscribe to my newsletter. 300% link in the description of the video. I frankly don’t care if you do or not. You want to subscribe to my newsletter, that’s great. It’ll keep you in the loop. You don’t want to. Okay, you want to follow it here, do that as well.
Let’s do this right here and right now. So I wrote Lions. Banks are in trouble. But this is way bigger than the banks. The entire financial system is a freaking zombie. I wrote a paper about this recently. I did videos about this recently. We all know this. It’s a corpse. It doesn’t even know it’s dead. Let’s talk. Lions, banks are in trouble. Something is going to break. Now, here’s why. And in my opinion, what I’m about to say is clear evidence that we’re dead on here. So, Lions, Warren Buffett’s Berkshire Hathaway is dumping more bank stocks.
Citigroup, Bank of America, and Capital One. Now, this is not new. It’s been going on and on and on. We all know that. But there’s something else going on behind the scenes. So I wrote here. I see this as a warning and it’s frankly too freaking obvious. My opinion here with Buffett, this isn’t just portfolio rebalancing. This is a strategic retreat from the blast zone. From the blast zone. That’s what this is. The banking system is the blast zone. Buffett, an insider of the highest possible order, is not dumping bank stocks for nothing, people. Let’s move forward.
So, fact, another banking crisis is brewing. We’re in one now. You’re not supposed to know about that. The whole system is a liquid. It operates in a perpetual vacuum, a black hole that can never be filled. Does this sound familiar to you? It should. Let’s move forward. So, fact, another banking crisis is brewing on multiple levels. Commercial real estate defaults are increasing quietly. Threatening balance. Consuming debt delinquencies. People, all this is out there, you know this, is skyrocketing. All loans, credit cards, personal debt, household debt, everything, et cetera. So, the banks are in trouble and we know it already.
But let’s move forward. Liquidity in the entire financial system itself is drying up again. No secret to you. We’ve been talking about this in a freaking time, a memorial. So, liquidity in the entire financial system is drying up. Lion, some kind of credit event is coming and it may come without warning. Now, I’m just going to go over a few things here that you need to keep in mind. You already know about this, at least I hope so. So, global sovereign and corporate debt are at historic highs, period. Now, we have covered this multiple times as of late.
Corporate debt defaults are already happening. They’re already happening, but you’re not allowed to know about it. See, look it up for yourselves, all right. Now, most of this debt is, obviously we all know, the short-term rolled-over debt relying on low rates. Henceful of why. You’ve got puppet presidents around the world, leaders around the world saying, you know, we need low rates, we need low rates, we need weaker currency. It doesn’t help you. It helps fuel the zombie system, that’s all it does. All right, now, if it becomes public that just one, just one major institution, perhaps one that Buffett is already dumping right now, is at risk of some kind of default, then what happens? A domino effect.
We’ve seen this before, this is 2008, you know, another exact situation here, but worse, much, much worse. Let’s move forward. Right now, systemic crisis is being papered over by calm in the markets, and that’s what we have here, Feds buying all the debt-keeping rates low, the Feds pumping the system with liquidity here, in any manner they can come up with. When you have, for example, a puppet president talking about the largest spending bill in history, cast it, we don’t have. Where does that come from? We’re running debts and deficits that we’ve never seen before in the history of the world.
Over $1 trillion, just poof, gone every 100 days. Less than that, actually. So anyway, right now, systemic stress is being papered over by calm markets, along with every manner of deception and distraction, but behind the scenes, losses are being hidden. Assets are being quietly dumped. Quietly? Okay, they’re telling you about it. They’re telling you about it so they can see, well, you knew about it. Zombie banks holding unrealized losses means rising potential for liquidity freezes. People, this is where we’re going. And the entire system structure is a zombie. I outlined this for you recently.
Please read that publication as well. It’s in your inbox. The system is dead, and it doesn’t even know it. Now, Lions, here is my unfiltered take. Let me just show this to you. Buffett is taking the lifeboat. Now, this aligns. Now, I’m going to give you proof of what I am saying. So Greg isn’t making this up. Greg isn’t scaremongering, whatever you want to come up with. This is proof of what I am saying, and I am going to urge you to look this stuff up because it’s on public record. So this aligns with Buffett’s historical timing.
He always gets out before the headlines, before the crashes. Not after. Now, I have examples here of Buffett getting out before crashes. Now, I wrote Lions. What I put here below is public record. So look this stuff up for yourself. 2007, 2008, you know, the financial crisis, housing crash. Well, before the collapse of Lehman and Bash Stearns, Buffett had already reduced his exposures to the financials like Fannie Mae and Freddie Mac. Oh, you don’t believe that? Maybe you should look it up for yourself. He warned publicly of financial weapons of mass destruction. Yes, he was the guy who said that back in 2002, referring to the derivatives market.
Now, 2020, the COVID crash, okay, Buffett dumped all his airline stocks, Delta, America, American, and Southwest. Now, right here today, 2024, what is he doing? Dumping banks, raising cash. Now, Lions, you know this already, but I’m going to tell you, all right? Liquidity can vanish in hours, repo markets, interbank lending, derivatives. Does this sound familiar to you? Okay, we only spoke it about a million times. Linked to credit the full swaps. I did a whole paper about that as well recently. Now, these markets can lock up in hours, and how do we know that? Well, we’ve seen it before, like Lehman in the weekend of 2008.
What did the Fed do? They jumped in here, went to Washington, pumped the system with billions of dollars. So to stop the credit markets from freezing up, but they were locking up. Now, Buffett knows all this, people. Believe me, if we know it, he knows way more than we do, and this is just scratching the surface. So Buffett knows all this, and now he’s quietly stepping off the stage. He’s seen credit events like this before, and he knows what liquidity freezes feel like. Now, Buffett’s track record proves, Buffett’s track record proves, right here at the bottom, Buffett’s track record proves that when he steps back, something is about to break.
Now, for those of you that are going to say, oh, Greg is fear mongering, tell me where I got this wrong, people. It’s my job, okay, to keep you guys and girls ahead of the curve. That’s it. I’m getting a lot of heat as of late for a thousand things, but they can’t attack the message. They try to. They’re going to try to push back against this one. You tell me, those of you out here, to think I got this wrong. What am I missing? What is Greg Manarino missing here? I don’t claim to be the smartest guy here at all.
All of you are smarter than I am, but tell me where I’m getting this wrong. Do you not see what I see? People, look back on our track record. We’ve nailed this to the wall better than 90% of the time, better than 90% of the time. Sure, this is 10%, maybe, ish, something like that. We don’t get it right. But you tell me, who, go back as far as you want to go, has nailed it better than we have. And I’m telling you right here and right now that this, this is real, and it’s not just the banks.
It’s the entire financial system. So I’m going to tell you again, you guys are going to do what you want. Get your cash out of these banks. Put your cash into a credit union, not because they’re safe, but because they’re safer. And keep only what you need in these institutions to transact in their system. Sound about right to you people. I really, honestly, will read through every single comment. I will read your comment. I promise you that. I want to hear from you. What do you have to say about these things? Is what I’m seeing here, is what I have covered here real? Here’s a headline for you.
That sparked this, all right? Little things just get my brain going a little bit. And that’s exactly, this is no secret. I mean, are we talking about anything that people don’t really know already or shouldn’t know? People, again, they don’t act until it’s too late. You are not going to be like that. You are going to act before, just like Buffett does here. You understand? That’s what I’m trying to do. All I’m trying to do is keep you guys ahead of the curve. And I think, honestly, I’ve done a pretty good freaking job of doing that.
I really, really do. Now, listen, people, I have a little problem for later. I usually, as every day, I do a post-market wrap-up for you. I may not be able to get one out today. So much going on. So with that look, man, I will see you guys on Sunday. There’s no doubt about it. I might even see you later. I’m not sure, all right? You’ll know. You’ll get a notification if you not only subscribe to this blog here, but if you hit the notification button, you’re going to know if I’m going live or whatever it might be.
So you may see me later. You might not see me later. I will try. I promise you that. I feel so compelled, people, to do this. So if you have no idea, I love you guys and girls. And I am working overtime, really, to make sure you guys and girls are ahead of the curve on this. Ignore the detractors, the freaking trolls out here, and the scam artists. There’s so many of them. It’s an incredible thing. Even on my newsletter, this scammer is always an incredible thing. I’m trying my heart. As soon as I get rid of them, they keep coming back.
But anyway, look, guys. So just in case I do not see you later on, let’s do what we always do, how we leave each other off with every single Friday. You ready? Love each other. Care about each other. Be charitable with each other. I’m going to ask you, if you consider yourself a part of this pride of alliance, not only do I want you to comment here, I want you to tell me where I got this right or I got it wrong. Do you believe that Buffett, again, looking at his track record here, why is he doing what he’s doing unless there’s something else going on here? His track record is impeccable.
There’s no one like this guy, and it’s really the truth. That’s why he’s the Oracle. But he’s an insider of an insider of an insider of an insider. He knows all the games. He knows how it works. I’m telling you, in my heart, and I know you probably feel it too, he sees what’s going on more so than we do because he’s an insider, again, of the highest order. I want to hear from you on this. Please share the video. Please get it out there. If I’ve earned your thumbs up, I would greatly appreciate that as well.
I’m going to try to see you later, people. If I don’t, please remember. Love each other. Care about each other. Be charitable to each other. I will see you Sunday, no matter what. All right, so with that said, we got this, people. They’re going to play games with us. They’re going to mind-screw us more and more and more. And they tell us right out. How we’ll say, prepare for sudden, his words, not me, sudden economic shocks. What is he trying to say? This? What is he saying here? You guys and girls let me know, all right? I’ll see you later.
[tr:trw].See more of Gregory Mannarino on their Public Channel and the MPN Gregory Mannarino channel.