IGNORE THE PROPAGANDA! The Fed. Is On A Fixed Path To DESTROY The Economy And Consumer | Gregory Mannarino

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Summary

➡ Gregory Mannarino taks about how the stock market keeps going up because people think the Federal Reserve (Fed) will cut interest rates soon, probably in June. Even though there’s a lot of risk and the Fed is reducing the amount of money in the market, the market doesn’t seem to care. The Fed is not our friend, they’re trying to control the economy and make us dependent on them. Despite all this, the market is still doing well because it’s expecting the rate cuts.

Transcript

It’s okay, everybody. Here we go. It’s me, Gregory Mannarino. Thursday, February 2, 2024. This is my pre market report. Let’s start off with this. So you and I are witnessing, I don’t want to really say a phenomenon, because you and I called this, we said it would happen, and it is. That is, this market seems virtually unstoppable. We don’t get pullbacks, we don’t get corrections any more. This thing just keeps going straight up.

And for the most part, or I would say seriously, for the most part, it’s because the market realizes, as you and I do, that the Fed is going to start cutting rates. Now, if you recall, just yesterday we heard from the Federal Reserve about, oh, well, you know, maybe not. Maybe so. This is nonsense. This is absolute garbage. The Federal Reserve, in case you don’t know already, is on a fixed path here.

They know exactly what’s going on. They have set the stage for it, and they’re going to start cutting rates may, June, most likely June, and this market is going to love it, honestly. And that’s what’s being priced in. Is it possible, is it possible that come may, June, most likely June, when the Fed cuts rates, the market could drop? Sure. It’s priced in. I believe that’s what’s going on now.

The issue that you and I are looking at is all the time it’s the same thing when it comes to the market. It’s the drivers. The drivers, the drivers. There is a sell off going on here with regard to the debt market. The ten year yield this morning is higher, 4. 34. But the market seems comfortable here. You have to look at this entire thing in its totality.

And the market is sending you and I a message here. Regardless of risk in the market, which is rising, and the MMRI is 279 and change right now, 279 and change. What does that mean? Risk is pretty high right now, but the market is shrugging it off. It just seems to be shrugging it off and shrugging it off. Why? It knows the Fed is on a fixed path.

Understand, when you’re hearing the nonsense from the propaganda ministry, the CNBC, the Bloombergs, the fox business, who are trying to convince you that the Federal Reserve is your best friend. Oh, they have your interest in mind here, people. Nothing could possibly be further from the truth. They are the enemy. They are public enemy number one. They are determined to destroy the world economy, to bring the consumer to its knees, create slaves to the system so they can roll out their new system.

And that’s what’s going on. You all know this. We’ve spoken about this for ten freaking years. Well, here we are. So when you hear that stuff, I mean, just laugh it off if you have the displeasure of watching it. The Fed, they’re going to play their usual game. That is the back and forth, nonsensical kind of rhetoric. But they’re on a fixed path and the market knows it.

You know it. I know it. Rate cuts are coming, period. Again, it comes down to a liquidity crisis at multiple levels here. All right, we know, you and I, the Fed is pulling liquidity out of this market, basically. Actually, let me put this another way. The Fed’s repo program, you know what this is? I’ve covered this a gazillion times where they pass vast, vast amounts of cash between themselves, between itself and the major institutions here overnight, trying to trick the market that it’s more liquid than it is.

The Fed is pulling that back. And you can see this. Just let your fingers do the walking. Open up a search engine, Fed’s repo. And you can see that they are scaling back. No coincidence, people. And you know this, too, that war has broken out. War is expanding and will expand a lot more as the Fed is again pulling back from their charade, because that’s all it is to trick the market into thinking it’s more liquid.

But again, what they’re doing here, war, war again, is this mechanism here that demands that more debt be pulled into the. Now, there’s no other endeavor on this earth that works like war to create a need for borrowed dollars. Should be pretty obvious with billions for this and tens of billions for that. And this new escapade that we have on, in case you haven’t heard, the Houthis have actually declared war on the United States, and they are forbidding any us ships from entering the Red Sea and all their whole thing over there.

And it’s not stopping. The attacks are going on. And it’s kind of an interesting phenomenon to see where this is going to go. We know where it’s going to go, and it’s pretty obvious to me anyway. So just look at again, the bigger picture. The bigger picture here is risk is rising in this market, and it’s rising pretty fast. All right, the market seems to be shrugging this off.

Stock futures are higher this morning, despite the fact that the ten year yield is higher, relative strength of the dollar is lower. As you all know, there is a compensatory mechanism with risk that exists between the ten year yield and the US dollar on a relative strength basis. This is all baked in to the MMRI manorino market risk indicator. Link in the description below. Free to everybody who wants to follow it anyway.

So that’s what’s happening here. Market is convinced as I am, and I’m sure you are, most of you are. Some of you don’t believe it, but again, you don’t understand. For those who don’t realize what’s happening, it becomes difficult for them to understand why the Fed is going to cut rates in this environment where inflation continues to rise. The Fed has no, absolutely no, what’s the word I’m looking for here? The Fed wants to keep inflating, as all central banks do, because that’s the way their power resides.

And cutting rates here would allow them to do that even more so on the back of expanding war, which they fund at all. We don’t have the cash for it. No developed nation on earth has a war chest, you know that. So all this funding for war and filling gaps and debts and deficits all comes from the central banks, who are the government. Okay? Everything else is just a shit show.

Can I say that YouTube doesn’t like certain words out here. Let’s look at the market real quick. As I said, futures are higher, ten year yield higher. The dollar on a relative strength basis, lower here. Crude oil is getting bid higher, gold and silver catching a bid. Crypto is doing okay. Bitcoin is still about 51,000 and change. That’s where we stand. But in the grand scheme of things, what does it mean? What does this all boil down to for you and I here, okay? We’ve got this covered from every single angle.

And that’s the truth here. This is why we’re again betting against the debt becoming our own central banks here. We’re not going to stop doing that here. Realizing that, do you think? Here’s the question of the morning. Do you believe that there is the slightest chance on earth, off earth or anywhere else, that by some miracle an act of God is going to take place and global debt is going to start to shrink and the power is going to be restored to the people here? Central banks are just going to go away like the dodo bird.

They’re going to become extinct. Or do you believe that all this is going to get monumentally worse moving forward here? It’s greed. It’s greed and an unquenchable thirst for power via the central banks who are the government now of the world. That’s what they have here. They’re using you and me as a means to enrich themselves beyond anyone’s wildest dreams. This is going to end very badly. Okay.

I think we’re pretty clear on this for everyone, and I mean everyone. But there’s going to be no winners here, obviously. The one in two percenters, they’re always going to come out ahead from a financial standpoint. But as you and I have discussed multiple times, there is. We’re all connected here in this world. All of us are. And when something bad is happening in one part of the world, we all feel it.

This is why I really believe things. Like, for example, we just covered recently, addictions across the board, gambling addictions, drug addictions, prescription drug addictions, children on antidepressants. We all feel it. You understand? We all know there’s something wrong. It’s pretty much in our face and you can’t escape it. Even if you kind of try to disconnect yourself from this and you’re living in some kind of a fantasy land believing that some kind of miracle is going to happen and this is all going to change.

This is something that’s been going on since the beginning, since Cain and Abel here, okay? And people, they’re unable to see what’s going on. They’re unable to take things at face value. And again, everything is just hidden in plain sight. But because they have a false belief, they can’t see it. They believe that something is going to occur at any moment that’s going to all of a sudden bring them a utopian society or whatever it might be happen.

People just wake up to reality here. And I think you’ll be a lot better off, honestly. Anyway, look, like I said, we got this covered. Doesn’t matter what they do. But we need to keep our eyes on certain things and we need to understand why they’re occurring. For example, this ten year yield, rising, rising, rising, rising. Bonds selling off what’s going on here, multibillionaires here, ceos of corporations here, senators selling off billions of dollars worth of stock.

You know what that’s all about? Told you yesterday. So obvious. Anyway, look, with that said people, look, we got this, you and me. And in my view, because we got each other, we got each other’s backs. We, we can’t possibly lose. All right, I will see all of you later. Four or 05:00 p. m. Eastern for the live stream. I’m looking forward to that. We’ll cover more of this stuff then.

I do want to hear from you. Please comment. And, well, that’s it. Take care of yourselves. Take care of each other. See you later. Bye. .

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

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