➡ Gregory Mannarino discusses the ongoing war in Israel and its impact on crude oil prices, which he believes will eventually rise due to the conflict. He also mentions the Federal Reserve’s role in buying debt and inflating the stock market, creating a bubble. Mannarino highlights the increasing trend of people tapping into home equity to make ends meet, which he finds concerning. Lastly, he criticizes the blame game in the media, where generations are blamed for debt instead of the Federal Reserve and central banks.
➡ The speaker discusses the current state of various markets, expressing concern over the political situation and its potential impact. They criticize the current administration, expecting backlash for their views. They emphasize that the current system is flawed and people’s voices are not being heard. The speaker encourages viewers to support each other and offers a free guide on how to get out of debt, urging them to reclaim control over their lives.

Okay, everybody, here we go. It’s me, Gregory Mannarino. Tuesday, May 7, 2024. This is my pre market report. Let’s start off with this, and it should worry you just a little bit. So this expanding war that we have, especially right now, the one mostly in focus, is Israel’s war on Gaza last night. So yesterday’s assault did nothing to up crude oil. As a matter of fact, crude oil is lower. This morning there was initial knee jerk higher with regard to crude oil, and that has come down, as it appears, at least. Look, I’m not over there, so I have no idea what’s really going.

But apparently Israel has taken control of this new area anyway. So what this tells me is this is going to get worse. We are going to see this expand. Obviously, the game is being played in such a way that they will find some kind of mechanism to prop up crude oil. Crude oil is the lifeblood of the system, the lifeblood of military industrial complex. And again, understanding how this works is crude oil. The price of crude oil not only boosts the energy sector, but it also boosts the financial sector of the market. And if they can pull that off, the whole market is going up with it.

What did happen, possibly as a result of the attack yesterday, the continuing attacks over there is we did see more cash make its way into the perceived safety of debt, just as you would expect to see. But this is, this goes beyond that. The fact of the matter is pretty incredible right now. The ten year yield is 4.46 this morning. We were just over 4.471 just last week. An enormous, enormous amount of debt buying is going on here. And it’s not the average guy or the average girl doing this, people. It’s the Federal Reserve. They’re buying more debt, they’re suppressing rates here.

And this is again opening up a doorway for cash make its way into the stock market and inflating an even much more devastating bubble. It’s impossible, really, in my view, for anyone to argue against the fact that this market is completely. This market, it’s not even a market. It’s a free for all, is absolutely disconnected from reality on every single level that you can imagine. I mean, just on the economic front, this morning here is kind of interesting. So what did we find out last week? That restaurants in every major city in the United States are reporting a decrease in their patronage.

Okay. Prices continue to rise across the board. It’s not stopping. But this is kind of interesting as well. Fast food places, even coffee, Starbucks is reporting a decrease in their patronage coffee. Coffee is like my father used to say, coffee was the nectar of the gods. I love coffee. I didn’t really get into coffee until I got older, but now I can’t do without it, honestly. But anyway, this is huge. When you see that, forget about fast food. First of all, it’s. It’s junk and it’s killing all of us. But coffee, coffee. I need my coffee.

I need another cup right now. Here’s something else that’s going on here, flying under the radar, and it’s important to see, and this is no surprise. It shouldn’t be a shock to you. You’re about to hear about it come out of my mouth here. So what people are doing is they’re tapping into home equity, trying to make ends meet. This is a mechanism here. First of all, it’s inescapable. If you tap into your home equity and you’re taking out an equity loan, the bank now owns your property, which means if you default, even if you have your house paid off, okay, you’re tapping into equity and you can’t pay.

You’re done. You lose. You understand? So I find this extremely disturbing. There is no way out of this kind of debt. Unsecured debt. Look, just in case you don’t know, and I’ve taken a lot of heat for this in the past, a whole piece on how to get yourself out of unsecured debt. As a matter of fact, I’m going to place a link to that, to that video. I walk you through how to get yourself out of debt, unsecured debt, step by step by step. It’s a big secret. No one’s supposed to know. But again, debt renegotiation.

Is that a word? Did I say it wrong? Is your right. Major corporations, businessmen, they renegotiate debt every day. Okay? But you see, you’re supposed to believe that you are trapped, that you are locked into. It’s not true. You can renegotiate your debt anytime you really choose to do so. Okay? You’re not supposed to know that. Again, people here, if you understand what’s going on, that are now taking loans against their property here. So it’s a secure debt. They’re done. And unfortunately, we expected to see this. More than likely, these are prime members of the middle class who want to maintain the illusion of a middle class existence.

So they’re mortgaging again, their lives. You know that a mortgage actually stands for a death pledge? Death pledge. Look it up for yourself. Mortgage. Death pledge. I’m not lying about this. So more dependency on the system. More people becoming slaves to the system that we are forced to, to participate in. And it’s a terrible, terrible thing. So anyway, as I said, please take advantage of this in the description of this video. Check it out. I walk you literally through every single step of how to get yourself out of debt, unsecured debt, like a credit card or a personal loan that is not connected to an asset.

Once you take a loan out against an asset, like a house or home equity, you’re done. You understand? Now they got you by the throat and by the balls. You can’t say that word here. So I got to kind of gesture, you understand? Oh, here’s something that you’re going to love, people. I got to bring this to your attention. It’s an incredible thing. Read this. This is Fortune magazine. This is from today. Gen Z will pay dearly for this blunder on the massive debt that boomers, Gen X and millennials are dumping on them. A former White House economist warns, oh, so let’s see who creates debt out of nothing? Oh, that would be the Federal Reserve.

They run the economy. They run the financial system, in the financial market. So again, here you have Fortune magazine. I used to respect this magazine, believe it or not, but after this, I lost all respect. What they’re doing is playing the game that every single mainstream media outlet politician does. Push the blame off of the Federal Reserve. They’re the one that creates the currency out of nothing here. But no, it’s the boomers fault. It’s the gen x fault. It’s the millennials fault that debt is skyrocketing around the world, okay? And it’s so again, you, the Federal Reserve, central banks must remain blameless.

They are on the side of angels. You know that? Because fortune magazine is telling you that they can’t point their fingers. No one can point their finger at the Federal Reserve or any central bank. They are the government. They are the power of the world. They are the ones that are forcing us to live in their debt based slave system. You understand? But this is typical of what you would expect to see the blame game, the blame of for everything that we are seeing, rest squarely on central banks. And you know that if you’re a member of my team here, I would imagine you’ve come to realize that I detest, to the highest possible order, central banking, okay? This is a crime syndicate of the highest order.

Who is forcing us to live under this debt based system or in this debt based system that all it does is create slaves and dependency and that’s what they’re going after right now as, look, this system is being taken apart. We talk about this every day, piece by piece by piece, and is taking down the people with it. How do you know that? They’re giving up coffee? People are giving up coffee. That is profound. Sometimes these little, little things should tell you a lot. I’m addicted to coffee. Okay. I think most of you probably have some kind of an addiction to coffee, too.

I don’t, I don’t know another way to put it here. If people are giving up on coffee, Starbucks and fast food, you know, I think the United States has a severe obesity problem here and it’s designed to keep people sick, too. You understand that here, you know, take a drug for this and then you take another drug to counteract that. They want, you want to pill these. The pharmaceutical giants here. From the moment you take your first breath, they want you on some kind of drug. The system is so twisted and rigged against every single one of us.

I don’t have to cover it anymore. That includes, of course, the financial system. That includes the blame game as well. Just looking over at this market this morning, as I said, ten year yield, slightly lower risk in this market. The MMRI, we are in an amber zone. The market’s probably going to find it very nice. Very. A nice place to be. Gold and silver this morning, under a little bit of pressure, cryptocurrency is relatively flat. Crude oil, as I said, this, this increasing incursion on Gaza by Israel, it didn’t do anything. And that should scare you.

There’s going to be something else. But we are so close right now to the presidential selection. I kind of feel as if they’re going to keep this whole thing at bay for a while. Because again, this would look badly upon the current administration, if you want to even call it that. Collectively, the current administration doesn’t even have a fraction of a fraction of a fraction of a fraction of a brain cell. In fact, I think the current administration across the board is demented. But that’s besides the point here. Anyway, I think you all know what I’m talking.

I know I’m going to get some hate mail from that, because Biden, believe it or not, creature, mummy man, has a pretty substantial support base. And when you sit in a guy like me shoes, you see what I’m talking about. I’m going to get belittled. I’m going to get ridiculed. Everything you could think about here, and it’s, again, it’s people here believing in a system that is dead. It’s dead. Your votes don’t count. You don’t count. All you are is a means to an end to these entities here, and it will splatter your blood and guts and hopes and dreams all over this world to maintain the current system here and distract you.

Oh, look over here. Look over there. Oh, it’s the millennials fault. Oh, it’s the boomers fault. It’s the gen x’s fault. Why we’re having so much debt. Really make it up. I dare you. All right, people, look, I’m gonna let y’all go. Hope we got something out of this video. Please share it. Get it out there. If you got something out of this video, thumbs up is. Is appreciated. If you’re part of my team, it is required. All right, look, I love all of you from the heart. I mean that. I got your back, you got my back, we got each other’s back.

We can get through everything they want to throw at us, and we’re gonna do this together. Do not forget, people, in the description of this video right now, you’re going to find a link to the video where I walk you through every single step to how to get yourself out of debt. It’s 100% free, so take advantage of this. It’s a slave system. It’s time to. It’s time to take your life back. It’s really the truth. I will see all of you later. Four or 05:00 p.m. Eastern for my live stream. Until we meet again, people.

Take care of yourselves and take care of each other, all right?.

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