PULL YOUR CASH OUT NOW! THE BANKING SYSTEM IS MUCH WORSE OFF THAN WE THINK. | Gregory Mannarino
Summary
Transcript
Okay, buddy, here we go. It’s me Gregor Manirino Thursday May 2nd 2024 Pre-market report right here. I want to start off with this people If you recall you and I and this is a fact you can for those of you that have any doubt We right here on this channel you and me Outlined the issues with regard to the banking system before anything started to happen with regard to the Regional banks starting to fall like dominoes.
We just had another failure recently We are not done by a long shot. Remember what we said back then it was three things and three things only at that time that struck me as As kind of interesting no loans no deposits No deals which meant that these banks are in trouble here. It gets worse than that So this is what I want to talk about. This is what we just found out and it plays right into What we’ve known all along and what we’re about to see so bad loans loan defaults are piling up on banks balance sheets people can’t pay They’ve been in my view of victims people of predatory lending by these institutions And now there’s a price to pay but you know who’s gonna pay for it you and me So what this comes down to is first of all, you know yesterday we heard from It think puke Vomitus Mass Powell.
Okay, it seems that those terms bother some of you Maybe you don’t belong here then. Okay, because this is what we’re living in Their system. It’s a perverted Twisted system that is designed to destroy you if you don’t see that I mean, I don’t know what to tell you but anyway yesterday Powell said the consumers robust as a matter of fact They’re so robust that we are seeing again bad loans and loan defaults rise across the board And still we have the issue of no loans.
No deposits. No deals So what I’m trying to tell you here people is first of all The propaganda is gonna get even crazier moving forward the distractions the deceptions the flat-out bold-faced lies fact of the matter is the financial system is sicker today than it has ever been in history more so than any other time now We could possibly and potentially and I believe we will see a daisy chain of defaults at one point Do I believe it’s gonna happen anytime soon it it can but I still believe that most of this is gonna happen Or we’re really gonna start to see a cascade of events after the presidential Selection for now.
It’s gonna be more distractions more deceptions more propaganda more look here. Don’t look over there but If you’re not familiar with what a credit default swap is Just take a second and look it up This is a mechanism here that institutions used to Lessen their exposure to credit and what this means essentially is is if One the person or an institution defaults on on debt that gets now put on to another Institution and then another institution and another institution if they can’t pay it could you know Cascade into a daisy chain which could collapse the entire system the entire system now.
This is again no No secret to anyone here. It’s being consolidated. This is another reason why we are going to see waves waves of bank failures as the smaller institutions are absorbed into the larger ones now make no mistake the Larger institutions are also falling victim to the same set of dynamics those dynamics are no loans no deposits No deals bad loans loan defaults across the board. However, the larger institutions can weather this and Again, the larger institutions have a mainline Director’s Federal Reserve and you and I are gonna pay for it all just realize what’s happening I’ve been telling people and we’ve covered here If I don’t know how long now get your cash out of these institutions Don’t leave a single dime in here that you can’t afford to lose.
I’ve been getting slammed even this morning No matter how many times I say this I’m not getting through to some people Greg should I sell Greg should pull out of the market? I’ve already told you people and I really don’t even say this again, but I Wouldn’t blame you if you want to get out of this market now However after the speech that we got yesterday the propaganda speech out of Powell.
He made it very clear. I watched the entire Post announcement, you know Q&A session here. It sounded very Likely to me in fact, no he promised that more cash was gonna be pumped into the system Maybe not in June but July it’s gonna come. Okay. I’ve been singing June. Okay, maybe I got that wrong July August September it’s coming easy money is coming in the markets getting off on it right now This morning stock futures are higher across the board.
Can you yield has come down? The dollar is down and the mmri look at this. We’re almost down into the or at 302 point eight We still have to watch for three eleven point seven three eleven point seven with mmri is probably gonna send this stock market Into a tailspin. Okay, but look at this We are only a few points away from moving down into risk zone see that 200 to 300 we’re in a high risk zone, which is still pretty bad But right now we are in a red zone extreme Powell promised the market Vast amounts of more debt vast amounts of easy money.
That’s all the market cares about again You know this PE ratios forward guide is earning doesn’t matter This is all the market cares about is easy money period the freaking end anyway, so That’s my take on on on all that and I want to bring something else to your attention as well It’s starting to get even more attention. This is Bloomberg They’re talking about this issue of the US Treasury And the Federal Reserve now buying back their debt In my opinion this should be a wake-up call to you This hasn’t this is a very rare event if you look back on times in history when this has happened It’s only happened in times of well financial Crisis and we’re in a crisis right now crisis of debt a crisis of liquidity So if you put this together if we understand that the US Treasury look what bankrupt We are slaves to the system and the Fed is running the entire show if we realize that we are going to see waves waves of bank failures here What do you want to do about it? This system is coming apart.
That was the title of the video. I did yesterday morning It is coming apart and it’s coming apart faster But that means the distractions deceptions the look here’s and look there’s is gonna get even more extreme for you the consumer is robust Really, I would like to ask Powell a question if can if the consumer is robust This is what he said yesterday Then why is it that bad loans and loan defaults are piling up on these banks balance sheets like we’ve never seen before Companies like McDonald’s are saying the consumer is cracking.
So how can how can you get away with that? Where is the accountability? No one’s gonna help hold this thing to account You do realize that and then again this credit look what I wrote here and even put an arrow Credit the full swap nightmare. Do you see that credit the full swap nightmare? I Believe that we’re gonna see a daisy chain of this this credit the full swap mechanism puts risk on another institution When you take out a loan, it’s almost these Institutions that are issuing that debt to you take out a loan An insurance policy on that that you will pay and if you don’t that becomes someone else’s responsibility That is a credit default swap and it could start a daisy chain the daisy chain and bang bang bang bang and the whole System could come down.
It’s going to come down and again, we are gonna see power Consolidated in fewer and fewer institutions. This is part of the rollout of the new system and your system is Not far off here people a completely digital system 100% Control here they’re gonna calculate every transaction You can’t even you won’t even be able to lend your friend the dollar a single dollar which that wouldn’t buy anything Without them knowing about it.
You understand? Everything is gonna be tracked just so you know, there is no freedom here We cannot be free if we are forced to live in their debt based system Do you understand what I’m talking about? I really hope you do because people are some people are still in delusion that this is the land of the free and the home Of the brave really? No, that’s an illusion too.
It’s just it disgusts me to the highest possible order and any any candidate or any Institution that’s selling you that is just a Liar they know where we are here. Okay, and they have no say so in the system Anyway, people look this morning stock futures a higher tenure You’d lower dollars lower on a relative stream basis crypto currencies catching a bid this morning gold and silver aren’t doing too much You got crude oil hovering around seventy nine bucks a barrel on hopes that the Middle East is somehow Miraculously gonna turn around and turn into a region of peace which it’s not going to so in my opinion This is a buying opportunity for people that are looking to get into commodities and crude oil in this particular situation here People look we cover everything here and we got each other’s backs I want to thank all of you for supporting my work and and for the the outpouring of love for my sister Lori.
Honestly, it’s amazing Anyway with all these things people we are gonna stay ahead of the curve You know that we can’t be beaten we are invincible in my view because we have each other Okay, we look out for each other and that’s what this is all about. Alright Please let me know if you got something out of this video Get your cash out of these institutions people if you have to put it in a credit union All right, the smaller institutions are going down that they’re going down.
They’re gonna be absorbed into the larger ones There’s no doubt in my mind whatsoever Again look to suffer yourself defaults rising across the board banks balance sheets are becoming toxic that means you’re gonna pay for it as always the middle class is being systematically erased and There ain’t no stopping it right now. There’s none. I will see all of you later for the live stream 4 or 5 p.
m Eastern time until we see each other again people take care of yourselves and take care of each other. Alright, let’s see.
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