The BLS ADMITS: JOBS NUMBERS ARE FAKE! Banks CUT OFF CREDIT To US Small Businesses. Mannarino

– The given text highlights serious concerns about the authenticity of employment statistics in the US and the resulting impacts on small businesses, expressing that the Bureau of Labor Statistics has admitted to overstating job creation numbers. It also details the concerning practices of banks, particularly their lack of lending to small businesses, mentions tech companies’ inflated price to earnings ratios hinting at a possible tech bubble, and criticizes the role and influence of central banks and corporations in shaping the national economy and political scene. Further, it suggests an uncertain and potentially challenging future, with recommendations for individuals to invest in hard assets and maintain caution in the market. ‘
– The speaker expresses love and support for their audience, urges interaction and engagement, and informs about an upcoming live stream scheduled at 05:00 p.m. Eastern daylight time.

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You.
Okay, everybody, here we go. It’s me, Gregory Manorino. Thursday, August 24, 2023. This is Thursday, and I’m kind of put off right now some incredible information is coming to light here, and we need to talk about that.

So, you know, let’s start off let’s start off with this. You the truth is always in our face, okay? You kind of just got to look for it sometimes. So you and I have known since I don’t know how freaking long now that all the data is fake. It is 100% fake. It’s propaganda.

But right here we get a stunning, stunning admission from the Bureau of Labor Statistics. The Bureau of Labor Statistics is admitting that the so called jobs that are being created here in the United States is vastly, vastly being overstated. In other words, you’re being lied to yet again by the mainstream propaganda ministries. Imagine my shock. You knew this anyway. But doesn’t it bother you just a little bit to know that you’re being propagandized? The numbers, the data, it’s all fake. And here we have out of their own mouth, an admission that the numbers are being vastly overstated.

You got president. Imbecile talking about jobs. We’re adding jobs. It’s not true. It’s all a lie. Like we didn’t know that already. That’s number one. That got under my skin.

Number two, no surprise to a single one of you out here. So it turns out that banks are basically cutting off credit. They’re not lending to us small businesses who need credit to function. This is fulfilling the corporate agenda. This is the real reason, people, the real reason why the Fed is raising rates along with other central banks around the world. They’re cutting off the availability of credit to small businesses, and they’re crushing the consumer. You and I have been speaking about this since it started, but here we have it right in our face.

Look, I don’t know what this where’s the revolution? Where’s the revolt? It’s an incredible thing to see, to understand what’s going on here. But, I mean, no surprise. Let me ask you okay, I’m laughing, but I should be. Are you surprised to hear at all that the numbers being fistfed to us, deep past our elbows, to our shoulders, are fake?
These jobs numbers are all fake. They’re being vastly inflated. Does that surprise you? No, because it’s all propaganda. I’ve said for years that the number one product or export product of the United States is inflation. We export inflation to the world here, and the world is sick of it. But I would have to say it may be it’s propaganda or we export inflation and we export propaganda to the rest of the world. And not only that, to the people, to we the people. And this is supposed to be a government of the people, by the people, for the people. How about that’s? All gone now. All right. I think that’s pretty evident. It’s unbelievable. People. You can’t make this stuff up. People being destroyed, destroyed.

Let’s talk about earnings real quick. And I told you yesterday, I don’t give a damn about Nvidia’s earnings or whatever it might be. I just want to run this. They came in better than expected. Apparently the current PE ratio, price to earnings ratio for Nvidia is 237.3. Now just to put people are paying multiples on their earnings to own the stock. Just to put a perspective on this. So Nvidia, PE ratio 237.3, apple 29.78, ExxonMobil 8.5, JPMorgan 9.42. This is a bubble in an unbelievable people are going to get crushed. Crushed eventually. Okay, again, none of this matters, you all know this, I’ve been telling you since forever. PE ratios, forward guidance, whatever, don’t matter anymore. But this is just ridiculous. It really, really is. Sure a lot of people are going to make money but eventually look, I would have to say that we are in clearly a tech bubble again and this is just proof that we’re in a tech bubble here. But again, look, Apple’s only trading their PE ratio is 29.78, about ten times Nvidia, about ten times more. You can’t make this stuff up but that’s really the truth here.

Now something else very interesting that we’re finding out. So BlackRock, BlackRock is buying everything. And I think that BlackRock could way be considered. Obviously they’re part of the military industrial complex. I mean that goes without saying here. But they’re buying debt. So the Federal Reserve is using BlackRock here I’m sure giving them funding as well to buy debt. And it’s interesting what we watched yesterday, we had the ten year yield drop pretty substantially. That’s obviously debt buying. We know who’s doing it now on top of the Federal Reserve, they’re buying the debt obviously, but now they’re using BlackRock to carry out their dirty deeds. Speaking of that, ten year yield is higher this morning. So some debt is selling off. I guess BlackRock is going to buy some more here. The MMRI did rise after yesterday’s precipitous fall but we’re still at 271. I mean risk in this market is still pretty bad. We’re not far away from an extreme level here. Relative strength of the dollar, higher this morning. Gold and silver under pressure this morning. Cryptocurrencies under pressure this morning. Crude oil catching a bid sitting at about $79 a barrel. Again, I think there’s probably a little more downside here for my crude oil bulls out here. But if we establish a floor here people, we’re going much, much higher, much, much faster. The cost of everything is going up, you all know that. Just look this up for yourself. Don’t take my word for effort or anything please, but thousands and thousands and thousands of products are made with crude oil and this is going to play right into the pressure on the middle class which is being systematically wiped out. No revolution. They’re the boiling frogs. They’re getting killed by design here.

Stock futures. This morning a mix. Dow futures are down. S P futures are higher. Nasdaq futures are higher on the back of Nvidia. Again, this is a bubble. This is Another.com bubble on a freaking hyperscale if you ask me. Let us move forward here.

To me, all this is well and good, but when people I know you and I have had enough, when I hear, for example, like, the data is all fake, you and I knew this already, okay? But when you hear the Bureau of Labor Statistics say, oh, yes, everyone, guess what? Greg Manorino and all of you are correct. The data is all right, and it’s actually all fake. And it’s much worse than you even think it is, okay? So whatever we think, it’s much, much worse. Quite obviously, that’s bothersome.

But more bothersome than that, in my view, is again, the fact, and you and I called this before anybodyOr have our interest in mind as much as you may hope and pray ain’t going to make a difference.

This guy here again loves you a lot. Share the video comment please give this video a thumbs up. I will see you later.

Live 400 and 05:00 p.m. Eastern daylight time for my live stream. Please have questions for me. Let’s get through this together. We got each other’s backs. Always. See you later.