THE DOLLAR/CURRENCIES ARE BEING DESTROYED FASTER! AND THE WORLD ECONOMY | Gregory Mannarino

➡ Gregory Mannarino, in his pre-market report, discusses the rising inflation and the role of central banks, especially the Federal Reserve, in this issue. He believes that the inflation data is manipulated and the real situation is much worse. He also suggests that the Federal Reserve is deliberately devaluing the currency, which will lead to higher inflation. He criticizes the lack of accountability for these actions and warns that the situation is likely to worsen.

It. Okay, everybody, here we go. It’s me, Gregory Mannarino. Tuesday, March 12, 2024. And I am back. This is my pre market report. I missed every single one of you. I needed some downtime. This stuff is going to be the death of me one day. That’s a fact. And I ended up going to Gainesville, Florida for the NHRA nationals, and it was just a real blast. Anyway, it is time to get back to work, so let’s do that right now.

It is 08:15 a. m. Eastern time. In 15 minutes we’re supposed to get this highly anticipated CPI report, consumer price index, and it’s a measure, of course, of inflation. And I don’t care what it says, it’s fake. It’s propaganda. Inflation continues to rise. As a matter of fact, look, they think that you and I are frankly, imbeciles of the highest order. You remember, it was temporary, it was transitory.

I guess everything is temporary and transitory, for that matter here. But do you realize, and no one’s being held to account for this, and this bothers me and should bother you, too, what we’re seeing here by their own numbers. Let’s forget about reality for a moment. What we’re seeing by their own numbers, the Federal Reserve, other central banks around the world, the ECB has been outpacing every single one of their so called forecasts here.

Do you think this is by accident? Of course not. This is deliberate, and it’s going to get a lot worse. What’s happening here, just as you and I had outlined would happen, we’re seeing war expand very, very rapidly. Let me explain something else to you, in case you don’t know, and I’m sure you do, here. So what do we know has been going on for a very, very long time? Central banks collectively are in a race to the bottom to destroy the purchasing power of the currency, none more so than the federal Reserve.

I mean, look, all this cash being created out of nothing to fund this, that, and the other thing, all these wars, debts and deficits ballooning. Who makes up the difference? Well, you know who it is. It’s central banks around the world here at the Federal reserve, in this case in the United States. Now, let me say this, too. I know that there’s been a lot of propaganda with regard to what the Federal Reserve may or may not do.

The Federal Reserve is not one more time, is not data dependent. They are on a fixed path. They are going to destroy the currency. Inflation is going to continue even higher. So what does that mean, come June? More than likely. Could it be may? Maybe. But more than likely June, the Fed is going to start to cut rates. And again, this is massively inflationary. You’re not allowed to know that.

Again, how does the Fed do it? How does the central bank cut rates? They have to create cash out of nothing and get into the market and buy the debt. It just doesn’t happen by decree. People, you all know that. Excuse me, but again, look, the people must be propagandized. You have known this for the last few years. This has been a theme that you and I have covered at the end of last year and the year before that, that the propaganda would get even greater and more outrageous.

The bigger the lie, the easier it is for people to believe it. I mean, that is just human nature. It’s an incredible thing. And people are certainly being propagandized and this is going to get much, much worse. So again, I’ll talk about the CPI report later for the live stream. 400 and 05:00 p. m. . Eastern. But I don’t even care what it is because you see, you and I, we’re thinking at the next level here.

We’re paying attention to what our own senses are telling us. They don’t want us to believe that what we are seeing is actually real, but it is real. Okay, they’re going to try to tell you, oh, no, don’t worry about that. Look over there. Instead, it’s an incredible thing how the brain screwing, mind bending nonsense that’s being fistfed to us by the propaganda ministry is allowed to run rampant as it is.

And again, like I said, do you realize nobody’s ever held to account here? When the creature thing vomitous mass puke. That he is. And I’m talking about Powell here, the Fed chair. When he sits there before congressional committee, they praise him. Thank you, sir. Hey, you, sir, for your service. What is this? Are you kidding me? But that’s the situation that we’re in. You can’t make it up.

And look, these creatures are so called representatives. They are well aware as to what’s happening. Believe me, they’re not that stupid. Maybe some of them are, but they know what’s going on here. They know that we’re being destroyed from the inside this country. The world is being destroyed via central banks who are hell bent, and I mean hell bent, to fulfill their end game, to be the owners of it all, the lenders and buyers of last resort.

And everyone’s sitting here dancing as if they’re on the Titanic, listening to the propaganda. Oh, it’s, inflation is coming down and this is doing that. No, it’s all nonsense. This is a destruction on a grand scale and the creation of a whole entire new system, a neo feudal system of maximum control, and just wait until this whole thing comes down. And it’s going to. Not yet. Not this year, during the presidential selection cycle.

Next year is going to be a game changer, in my view. And of course, we’ll get through all this together at that point. But again, look, you and I, I’m laughing. I shouldn’t laugh at this stuff, but. Well, maybe I should laugh at it. You and I are so far ahead of the curve on this, it’s frankly ridiculous. We’re destroying this market. We’ve been capitalizing on it upside down, backwards and sideways.

We’ve been begging instant debt, becoming our own central bank, holding other assets like bitcoin, which over the weekend broke out to a new record highs like 72,000. And let me let you in on another little secret. We’re not done. We’re not done by a long shot. With regard to bitcoin, I hope we get a little of a pullback, would be a buying opportunity, but we’ll see how that thing plays out here.

Eventually, we are going to see a movement of cash into other assets, including bitcoin. Gold, silver, platinum, palladium, crude oil, collectibles, artwork, musical instruments, everything you can dream about as it bleeds out. No hemorrhages out of this hyperbubble that we have in the debt market, which has inflated, obviously, the largest stock market bubble in the history of the world, and not just the United States markets I’m talking about globally here.

This is going to end so disastrously for people who are not ready for this at one point, you know that. I mean, it’s not just from a financial standpoint, people, you got to be ready from every level that you can dream about, mentally, physically, spiritually, you got to have a supply of food. This is going to come down again. Don’t worry about it just yet. I don’t think, in fact, I would go out on a limb and say it ain’t happening this year.

Next year, after the selection process, we’ll see where this goes here. But it looks very likely that next year it’ll be a very interesting year, and of course, we’ll cover it here. Anyway, looking at the market this morning on the back of this data, this CPI that everyone’s waiting for, which is all propaganda anyway, the market not doing too much of anything, it’s relatively flat. Gold and silver under a little bit of pressure.

Crude oil flat. The dollar flat, although we’ve seen the dollar on a relative strength basis get hit as of late. And I think that’s just the beginning, too, obviously. As the Federal Reserve destroys the dollar, central banks, it’s unbelievable how they want to see who can do it faster, which central bank can destroy the purchasing power of their currency the fastest. And the dollar is going to be the last leg here to break or the last domino to fall.

But they’re working hard at it again, expanding war, more funding for everything. It just dilutes the currency. It sucks out its purchasing power. People would be up in arms even just 50 years ago. Forget about 100 years ago, people wouldn’t stand for this stuff. But today, people have been so indoctrinated into the current system, they’re just willing to accept anything smack across the face. Thank you, sir, may I have another? Backhand across the face.

Thank you, sir, may I have another? That’s what’s going on here. People have no conception at all. Not you. You and me, we get it. And that’s what’s kept us so far ahead of the curve. But most people, they don’t know which end is up. They don’t know which bathroom to use anymore. I mean, this is how pathetic it has gotten, okay? And we’re supposed to be a people who govern ourselves.

Meanwhile, you can’t make this stuff up. Try to do it. I don’t care. It’s impossible to do anyway. People, look, as I’ve promised you for always, we will remain ahead of the curve on this. We know exactly what we’re doing and we know why we’re doing it. That’s the beauty of this whole thing. Anyway, I am happy to be back. I did miss all of you and I will see you later.

Four five p. M. Eastern for the live stream. I hope to see you there. I did put out a new tech Tuesday of you that do follow my Instagram. It’s a pretty good one. Talking about tire and rim tech. Anyway, check that out, too. All right, love you a lot. I mean that. Take care of yourselves. Take care of each other. I’ll see you later. Four or 05:00 p.

m. As I said, eastern. Bye bye now. Bye. .

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