Summary
➡ The speaker predicts a worsening global economy by 2024, foreseeing central banks cutting rates amid ongoing economic stagnation. Cryptocurrency, according to the speaker, is unfairly blamed for issues such as money laundering and terrorism financing, which he asserts are predominantly funded via the dollar.
Transcript
So 02:00 p. m. Eastern Standard Time is going to be when we get this Federal reserve monetary policy decision. And it makes me sick to my stomach that we have to sit here and again have our lives dictated to us in the truest sense of the word. I mean, how can we be a free people? How could anybody be free in the world if you’re living under the rulership of a central bank who runs the economy? The financial system itself, the financial markets, they get to dictate everything honestly, and they control everything.
They are the government. In case you maybe have the slightest idea that maybe I’m wrong. No, they run it all anyway. So what you can expect to hear later is more of the same thing. Our economy is expanding. We’re doing fantastic. Everything is beautiful. And of course, they get to paint the most beautiful picture in the history of the world. Meanwhile, here’s a piece of news for you.
If everything is so beautiful, why is it, and this is right off today on one of these freaking, I think it was Reuters. Anyway, Americans are now tapping into their home equity, more so than we’ve seen since the financial crisis or the scamdemic, just to make ends meet. How does that mean? The economic news just doesn’t stop. Every single forward looking indicator for the economy is pointing much lower.
Again, this is going to get a lot worse. And I believe, honestly, there was a piece yesterday, Yahoo finance, talking about a severe recession come next year. We’re clearly marching towards that as the economy is dismantled piece by piece by public enemy number one, who happens to be the Federal Reserve in this case. If you live here in the, you know, let me tell you something else about this whole scheme between our so called policymakers and the Federal Reserve.
So, senator, I don’t even want to say its name, okay? It Elizabeth Warren. Another thing, all right? She is on a crusade here to keep you, every single one of you, in the US dollar, basically an anti cryptocurrency crusade, which is going to go nowhere, in my view anyway. But again, these things, they don’t want you in gold, they don’t want you in silver, and they do not want you in a cryptocurrency.
They want you in the US dollar. A federal reserve note, a private institution, is issuing these things to all of us. Imagine that. The Federal Reserve, as you all know, is no more federal than federal express. It’s a private bank who can do whatever they want to. They’re buying it all. They can lend to anyone they want to. They are the number one reason why we’re seeing inflation right now.
Central banks around the world. But Elizabeth Warren won’t tell you that. But she does not want you in cryptocurrency. She does not want you in silver or gold or anything else that would threaten the stranglehold that the Federal Reserve has around your neck. So just think of what, honestly, when you hear something like that, when you hear a freaking creature like Elizabeth Warren come out here with her now crusade against cryptocurrency, you know, that’s exactly where you need to be.
And I’m telling you, you know me, I’m the biggest crypto bull out here, more than likely. And there’s a lot of people that are pretty bullish on crypto, all for the right reasons. This thing started out as an alternative way to transact. It turned out to be more of a buy and hold kind of thing. And this is no threat at all. Cryptocurrency, just in case you’re wondering, to this new tokenized digital system that is going to be released and forced upon all of us here at one party, I have no threat at all.
Again, cryptocurrencies in their current form, bitcoin, everyone’s familiar with that. Some people think of it as a, although it is not, but people think of it as like a digital gold. In other words, they buy it, they hold onto it. I am one of those people like that. I don’t transact in the cryptocurrencies I own. Have I transact? Yes, I have. But it’s pretty rare. I think one time, a long time ago, years ago, I did buy some gold with bitcoin.
But generally people don’t do that. What central banks are going to do is release, again, a tokenized digital system, worldwide trans world cross border system, where people are going to be forced to transact in it every day. So those dollars that you may have in your wallet, most people don’t even walk around with cash anymore. Everything is pretty much digital as it is. You can paste them to your wall and you could tell your grandchildren that you used to use these things to go into stores and buy things.
Really grandpa, is that what you did back in the old days? That’s what’s going to happen. I think you’re pretty much, pretty hip to that. Anyway, when you hear, again, any policymaker or senator freaking what’s her face over here, Elizabeth Warren telling you how dangerous cryptocurrency is. You know, that’s where you need to be in my view. I know a lot of you don’t like cryptocurrencies at all, and I understand the whole thing behind it.
But I’m here to tell you that this stuff is going much higher eventually. There’s no doubt about it. This is none at all. Again, eventual meltdown of the debt market is going to crush stocks around the world. Cash is just going to move, it’s going to move into commodities, number one, cryptos as well. Other things too. That’s just the way it’s going to work out because it always does.
Right now the environment remains risk on and I don’t care what comes out of its mouth, it meaning Powell thing, puke, real ruler of the free world, okay, we’re not free to do anything. We’re free to live under the rulership of these criminal organizations here. Why is it, let me ask you that again, Elizabeth Warren, the thing that it is, doesn’t call out the Federal Reserve, that they’re the ones responsible for the inflation that we’re seeing here in the United States.
Central banks collectively around the world, how people are suffering. They can’t make ends meet, tapping into their home equity, credit defaults across the board here, people getting strangled to death. Why didn’t she go after that? No, she’s got to go after cryptocurrencies because you must remain in the dollar, remember, you have to remain in the dollar. It’s an unbelievable thing that we have no one looking out for us at all except each other, okay? We don’t have a single politician looking out for us that are supposed to be our voice.
No one running for president right now at all. Not a single person because they won’t tell you the truth. Not a single one of them as to what’s going on here. No, because they can’t do it. And it’s a crazy situation here, honestly. And here’s something else interesting. So we found out about this budget deficit yesterday, exploding debts and deficits. So it is being predicted, duh, that the US is going to run trillion dollar plus deficits for the foreseeable future.
This is part of the mechanism as well. And you and I have known this since I don’t know, ten years that debts and deficits going to continue to explode here as the economy is taken apart. There is going to be such an outcry when this whole thing comes down. And again, people are going to beg for help and that’s what they’re setting up right now. Problem, reaction, solution.
Problem, reaction, solution. So the problem is building up right now. This world awash in debt. This debt based system here, the biggest curse upon the earth here. When we were taken off of a wealth based system or a gold standard to this central bank controlled fiat monetary system, we all started to lose. And the purchasing power of not just the dollar, but central bank issued notes around the world is evaporating by design.
Central banks are methodical, very, very methodical in what they’ve done. Started this over a century ago, and there’s no way to stop it. No way to stop it. You may think there is, and you may think there’s going to be some kind of a savior deity that’s going to go behind the resolute desk one day and it’s going to help all of you. No, they work for the central banks.
All of them. I don’t care how much you love them or hate them, that’s the way it’s going, in case you don’t know. So just get used to it. Anyway, with that said, people look here again, it’s all about the Fed today. I don’t care what comes out of his mouth. As I said, it’s all a lie. Everything. It’s a deception. It’s a distraction. All scripted. Watch how he answers the questions.
Looking down. If you have the displeasure of watching it, speak like I will later, because I’m going to cover this all for you, obviously. In my post market report, tenure yield this morning down slightly from yesterday. Dollar, relatively flat. Everything is flat this morning. Cryptocurrency is relatively flat. Gold and silver, relatively flat. Everything is flat. Waiting to hear the announcement from world control. World control is going to tell us how we get to live our lives moving forward.
I’m telling you what’s going to happen here. 2024 is going to be worse than anything you could possibly imagine with regard to the economy deteriorating around the world, not just here in the United States. And you’re going to start seeing central banks cut rates. They already got the consumer by the throat. They’re done. More proof of that is people tapping into home equity, more so than we’ve ever seen, just to try to make ends meet, but we’re doing great.
But Elizabeth Warren has to go after cryptocurrency not help you at all. And really, how does this help people? Really? She’s going to sell you the same bullshit that Jamie Dimond did. Oh, the dollar is used for money laundering. The dollar is used to fund terrorism and crime. I’m sorry cryptocurrency is used for all this stuff. But what they won’t tell you is it’s the dollar that is the number one way all of this is funded, and you all know that.
But she can’t tell you that either. She has to blame it on cryptocurrency. You can’t make this stuff up, people. It’s impossible to do. But that’s where we’re living here in this thing, this twisted environment that is about to get so much more freakier and wild and disgusting. Moving forward, people, this guy here loves you a lot. I mean that. Keep your eyes today on the MMRI Manorino market risk indicator link in the description of this video.
Whatever comes out of its mouth later will be reflected in real time with regard to the ten year yield and the dollar on its relative strength basis in the MMRI. It’s going to be interesting to see how that plays out. As you all know, I am looking to get longer this market. I really am. I’m looking for every opportunity because I sincerely believe that we are going to see a deterioration of the economy moving forward much more rapidly.
And of course, that is going to force the Federal Reserve, which what they want to do anyway, to cut rates and pump this market with more easy money to inflate it, to push cash right up to the one in two percenters. It’s what it’s all about. And I think you’re on the same page as I am. All right, love you a lot, people. I will see you later.
Four, five p. M. Eastern time, and I really hope to see you there. We’re going to cover it all. All right, that’s all. .
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