The Market is Pricing In WIDE SPREAD WAR… JPM WARNS On The CRATERING Economy: Gregory Mannarino

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Summary

➡ Gregory Mannarino talks about how businesses are not spending much money, and many companies are having to let go of a lot of workers. Even though this is happening, some news reports say that the economy is doing well. There’s also a chance that there might be a big war with Iran. This could mean the government will spend more money and owe more money. At the same time, the money in digital currencies like Bitcoin is going up and down a lot, and there are fewer things being made in the U.S.

➡ We think that the U.S. will owe a lot more money soon, but we are sticking to our plan for the future. It’s a good idea to put money into things like silver, gold, platinum, and palladium. Don’t listen to what politicians say. Instead, buy these things when their prices go down. The key is to make smart choices based on what is really happening in the economy, not just what people are talking about.

Transcript

It. Okay, everybody, here we go. It’s me, Gregory Manorino. Thursday, January 18, 2024. This is my pre market report. Let’s start off with this. Not only are we finding out that business investment here in the United States is at a historic low, and as I have covered with all of you for quite a while now, this is a mass of major leading indicator with regard to the economy.

And you turn on Bloomberg and Fox businesses, CNBC, and they float at the creature yelling to tell you that it’s just not so, that everything is fine and our economy is rip roaring strong. You can’t make this stuff up. So not only do we have, I mean, by their own numbers here, business investment cratering, business activity, what did we just find out the other day? I mean, contracting at its fastest pace also in history, and they’re still selling us the lies and the propaganda and the distractions.

Now, also this morning, this is the theme here. We covered at the end of last year what was going to happen, and here we are, we have more and more corporations laying off thousands, thousands of people. But that’s because our economy is so strong. Oh, yes, of course, that’s the way it would work in this kind of environment. You can’t again make this stuff up. And unfortunately, we’re going to see a lot more of this moving forward.

Now, speaking about that you and I have covered, and I’ve been covering this day after day after day, the case that is building towards more war, more war funding. As you probably know, our government is about to shut down because they can’t fund again, you know, blank checks for Israel, blank checks for Ukraine, and now this. Clearly what is a build up towards a widespread war involving Iran.

So here’s a headline for you from today, and you’re going to just love this. Iran is frustrating nuclear regulators as it stockpiles uranium. What are they selling you here? The nuclear fear as they did last time, in case you haven’t noted. Let’s see. They’ve been telling us now for, I don’t know, years that Iran is just weeks away from a nuclear weapon. They always keep this stuff on the back burner here.

They are going to sell this to the people of the world on a grand scale as Iran is invaded. That’s exactly what’s going to end up happening here. Crude oil is going to the moon on the back of this here. Spending, government spending, debts and debts. You can only imagine where this is going to go. Anyway, the market is trying to price this in. I covered this yesterday.

In my opinion, looking at what’s happening here. And if you’re watching Dow futures this morning, okay, we got dow futures this morning that are slightly, slightly, slightly in the red. S and P futures higher, Nasdaq futures higher. That’s not the real story. As you know, ten year yield is coming down from yesterday. Doesn’t mean we’ve hit a top here. There is a lot of fear in this market, and you witness this by watching the knee jerk which always happens into the dollar with the Dixie firmly above 103.

It’s not going to last in my view. But the market’s pricing in a wider war, much wider war, widespread war as a matter of fact. And once the market gets that together, realizing, okay, it takes a while for this market to turn around a little bit, that again, debts and deficits are going to balloon. More easy money for the market. The market’s going much higher here. Much higher.

Okay, that’s the setup period, the freaking end. And the worse off the economy gets. And again, it just isn’t stopping. The higher the market’s going to go and the more propaganda you’re going to hear to the opposite. Oh, it’s great. We’re booming. I couldn’t even believe Janet yelling yesterday, praising, praising on her hands and knees the economic policy of president thing, Biden. Stein. No, it’s not his economy.

It’s not his economic policy. Who runs the economy? Central banks. Who runs the market? Central banks. Who runs the financial system? It’s central banks. You all know that. Anyway, you got cryptocurrencies today under pressure again, people, please. I woke up this morning yet again. I’m not going to talk about this anymore with regard to Greg, what’s happening with bitcoin, people, you knew this. You knew what was going to happen.

Okay? This is a sell the news thing and not just that volatility. I explained to all that you’re going to see a lot of volatility with this space is not for everybody. I’m telling you right now, if you happen to be one of those that is panicking or you bought higher now, maybe you bought towards the top here with FOMO. I still think you’re in the right spot.

You’re going to get it back eventually, but you need to expect extreme volatility in the crypto space this year, especially with this new ETF. That’s just the way it’s going to play out. And we covered it here. So I’m not answering any emails with regard to that. I’m just not going to do it. I can’t do it. That’s number one. Number two is I’m going to cover it here.

So I would suggest listening to what I’m saying here. I’m not going to be right all the time, people, but I think we have this down you. And honestly, anyway, so I wanted to cover what’s going on today. More layoffs being announced by pretty much every major corporation. We got a warning as well from Morgan on the economy. They have to tell you the truth. These major wall street institutions have to float out little pieces of truth once in a while so they can say, we told you, we told you.

We told you. Look, there’s no secret what’s going on here, all right? We’re in an economic meltdown right now. This is global. It’s not just here in the, but you know, President Biden, Stein’s economic policies, oh, they’re so fantastic that we’re seeing thousands and thousands of people being laid off. We’re seeing business investment fall through the floor. We’re seeing business activity fall through the floor. We’re getting warnings over again and again about manufacturing, which you and I have been talking about here since I don’t have freaking long.

Let me explain this to you, okay? Manufacturing here in the United States is dead. It’s dead and buried. It’s completely over. As a matter of fact, let me say this. Our economy here in the United States could not possibly be in worse shape. Meanwhile, what did we get yesterday? The Fed’s beige book. Oh, yes. The consumer is so strong. They’re so strong. This is why, again, they burned through all their savings.

You’re seeing debt defaults across the board here, most of them we’ve ever seen. And that’s how strong the consumer is. It’s amazing. Again, how do they get away with this? People, zero accountability. Zero. And that, look, it pisses me off. I don’t know another way to put this. No one is held to account anymore. This is why creatures like Yellen or whoever they want to float can get away with anything they want to say.

I’ve been telling all of you for how many years now that this is really an environment where it’s every man and every woman for themselves. Although we got to band together, I always tell you, we’re responsible for each other. In my view, we got to love each other, care about each other, be charitable to each other, understand who the enemy is. Look at what they’re doing to us, at least what they’re trying to do very successfully.

People are getting destroyed here. You’re going to see a lot worse things happening to people moving forward as they phase out this system. This system is systematically being phased out, and war is a big part of it. They’re going to blame the war, the expanding war on everything, and they’re expanding the war. They are the ones central banks pull the strings, you understand? They fund it all. Where does all this funding come for? For the military strikes that we are carrying out with our United States is carrying out with our coalition partners? Where does all that funding come from? Do we have awards? Yes.

No. Has to come right from the Federal reserve, you understand? And these institutions, they always fund both sides. The joke is on us, honestly. We allow this to happen, no one stands up against it. But at least we’re trying to raise awareness here with this particular blog, honestly. So, anyway, nothing really major going on here this morning. Oh, yes. Another ship was attacked. This time it was an indian ship that was struck by a Houthi missile.

And Iran is stockpiling uranium because they want to build a nuke, which they’ve been working on for, but they’ve been two weeks away from, I don’t know, for like ten freaking years. Again, they’re setting this up. They’re setting you up, but you’re too smart, okay? You follow this blog. You are well aware of what’s going on and what they’re trying to pull off. But what does this mean for you and I, again, at least from a financial standpoint, we are unwavering.

We will stick to our exact plan that we’ve had for years, and we’re not going to stop. We understand that debts and deficits are going to balloon higher than we’ve ever seen before. You need to take the opposite side of that trade, people. I can’t stress that enough. Silver, my favorite asset of all time, okay? You need to stockpile that stuff. Forget about what Iran is supposedly doing. Stockpiling uranium because they want to build a nuke. Okay?

You got to stockpile silver here, gold, secondarily, platinum, palladium as well. All the stuff we talked about. Gain exposure to commodities, staying long, the market. I am still looking for opportunities to buy the dips of this market, people. I’m telling you right now, you do what you want, but I’m telling you what I’m doing. Think about what I’m saying.

Look at what the setup is here. You think things are going to stop? No, they’re not going to stop. Again, consider the fact that this remains a presidential selection year. The propaganda is going to get off the Richter scale. They’re going to prop up this market to convince people that the imbecile sitting behind the resloue desk is doing a great job because it’s his economic policy. You know it is.

Make it up, people. Make any of this stuff up. All right, look, this guy here loves you a lot. Sorry. Get all upset about this stuff once in a while. It gets to me, honestly. I will see all of you later for my live stream. Four, five p. M. And we’ll cover it all. All right, I’ll see you then. Bye. .

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

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business investment low buying during market dips corporate layoffs cryptocurrency volatility government spending increase ignoring political propaganda increasing debts and deficits investing in gold investing in palladium investing in platinum investing in silver long-term investment plan making smart misleading economic news potential war with Iran rising national debt US economy decline US manufacturing decline

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