Buckle up, everyone, and I mean that. What are we going on today? A huge day with regard to the markets, what’s about to happen with the freaking Witches’ Coven monetary policy meeting today, an announcement. It’s just epic. Anyway, look, so we got Wednesday, January 29th, 2025. So yes, we’re going to hear from the enemy, man. I don’t know how they put this to you. And I’m talking about the Federal Reserve, their expected monetary policy announcement meeting at 2 p.m. And they’re setting the stage. Let’s see if Greg Minorino has been correct here. Let’s back up just a moment.

You and I, you and I, before anybody else, man, we made an epic call that we would see President Trump call for the Federal Reserve to lower rates, and we nailed that one to the wall. Months ago, we said that was the setup, part of the reason why things are the way they are. So today we’re going to find out if the second half of my call will come true. So this is how this is going to set up, and we’ll talk more about this in just a moment. So the Federal Reserve has been cutting rates along with other central banks around the world.

The European Central Bank is expected to cut rates today. OK, beautiful and lovely. And the Fed, in my opinion, in my opinion, is going to pause. They’re not going to cut rates surprisingly enough. And even if they do, even if Greg is wrong and the Fed does cut 25 basis points, it’s setting up a battle, a battle between the Federal Reserve and President Trump here. Trump is going to scream from rooftops and from anyone who’s going to want to hear it how the Fed has to cut rates and cut rates dramatically. Again, same playbook as last time.

And this is a game. Again, the Fed wants to cut rates. It’s a destructive mechanism that central banks are instituting on the people of the world. Cutting rates, artificially suppressing them, allows them to inflate. They can’t just say it. They have to create cash out of nothing and epic sums, which is obviously currency purchasing power negative, and they’ve got to buy the debt. It’s an incredible situation with central banks collectively are doing. Think about it. They issue debt through one door in the form of currency, and they buy it back via another mechanism here to keep rates suppressed.

Incredible. But that’s what they’re doing here. So what we’re going to see, I believe, and again, I’m very anxious to see how this plays out. It’s pretty obvious to me, at least here. Whatever the Fed does today is going to be wrong. Let’s put it that way in the eyes of President Trump because the Fed is not cutting rates enough. Now, interestingly enough, last night I got an email, a rather lengthy one, from a lawyer, one of you who does not want to be mentioned here, and I can understand why. So this is what this lawyer explained to me, that President Trump has the power to force the Fed to cut rates here by declaring some kind of a national emergency.

Let’s see if that actually happens. I think that would be kind of interesting, and I just want to give a shout out to you for sending me that information. I had no idea that this is possible. Some of you, many of you, who follow this blog are, in fact, lawyers as well. Is this something that you understand a president has the power to do? Can President Trump force the Fed to cut rates? Which is obviously not what we need. We need much higher rates. We need to… The currency is falling apart, people around the world.

This is an effort by central banks, of course, to continue to inflate. Higher rates would give us all purchasing power, would return purchasing power to the currency. They won’t allow it to happen, and I’ve been telling you this for the longest time. But anyway, for you lawyers out here, is that true? Because I don’t know. I am not a lawyer. I don’t even pretend to be, okay? But is it possible that the president does have that power to force the Fed to cut rates here? I’ll tell you something. Here’s my take on it. I would be surprised if that happens, because I think they want to set up a battle.

I believe they want to set up this back and forth thing, which is what happened last time during Trump’s last tenure when he called them. We have boneheads and a couple of other nice names. Boneheads is my favorite. For the Fed, not going to zero or negative with regard to rates. Yes, massively stock market positive. But for the average guy and the average girl, it’s not what we need to be and not where we need to be. Anyway, look, let’s start off with a few things here. So this morning, we got the tenure yield slightly lower here.

All right. And we do have an issue with the dollar stronger this morning on the back. Well, you know, this is interesting. This is a headline. So U.S. dollar climbs if the Trump says he wants much bigger than 2.5 percent universal tariffs. Let me read this to you. So Trump’s pick Scott Besant for U.S. Treasury Secretary here is saying that Trump should institute 2.5 percent universal tariffs and then increase them incrementally moving forward. Now, Trump is against this, apparently, saying, no, I want much higher tariffs. OK, we’ll see where that goes. But this is enough was enough here to give the dollar a boost on a relative strength basis.

And that actually is keeping the M.M.R.I. from dropping below 300. I believe we are going to see the M.M.R.I. drop below 300 as this battle between the Fed and fake. It’s all fake. Remember, the endgame, well, the goal here is to push rates lower, which will allow the Fed to inflate. You know, let’s talk about a little more about that real quick before we talk about economic news, which I want to cover here. So this morning, Europeans, this is the headline. European central banks are about to cut rates here. Beautiful. On the back of an expectation of lower rates, the European stock market hits an all-time record high.

Again, you know the mechanism. Artificially suppressed rates does one thing. It opens up a doorway for cash to make its way into risk assets and inflate bubbles, create price action distortions, not just in stock markets, but across the spectrum of asset classes. I think we’re pretty much on the same page. Now, yesterday, the witches, Covin of the Federal Reserve, they’re not even human. They started their two-day kickoff with regard to monetary policy here. Listen to how this is worded. The Federal Reserve Policy Setting Group, which is Covin, is discussing progress on the Fed’s fight against inflation and whether or whether or not to cut rates, and the decision will be released today at 2 p.m., obviously.

Anyway, I just can’t wait for this. I can’t wait for what’s about to happen with this freaking freak show. And it’s kind of interesting. Now, on the economic front here, mortgage demand, again, falling through the floor. People can’t survive. Food banks getting overwhelmed here in the United States. And what’s driving this? Artificially suppressed rates. Currency devaluation. But you’re going to hear screams from here around the world. We already heard it when Trump demanded that the Fed cut rates, and not just the Fed. World central banks, so they can destroy the people of the world faster.

That’s what this is, period, the freaking end here. Okay, pretty freaking lovely. I think we’re all on the same page. You know what? You know, I wasn’t going to even mention this, but let’s do it anyway. This is MarketWatch headline. The easy money will be driven by Trump and the dollar, meaning Trump’s demand for lower rates is going to drive the markets here. And with regard to, again, the president working with the Fed, this game that they’re about to show us all before the world, eventually rates are coming down. There’s just no doubt about it.

And again, the only way that they can prop up the market is by vastly lowering rates, possibly even negative, and obviously, along with that, sucking the purchasing power out of the currency faster. Now, let’s give a few positive shoutouts to our president here, and I’m all about this. So the Trump administration offers all federal workers a buyout in an effort to shrink government. Absolutely. This is what we need to do, 100%. In my opinion, this is a shell game. It’s a shell game. Why is that? We’re going to cut from here and spend on something else.

So as you probably know, Trump is ordering the Pentagon to pursue an Iron Dome missile system for U.S. defense. Sounds good, right? How Trump’s proposed Iron Dome for America protects the homeland. First of all, the estimated cost could top $2.5 trillion. I believe this is a low-ball number. It’s probably going to be more around $3 to $4 trillion. But according to their numbers, we’re looking at $2.5 trillion. Again, I’ve been telling you, this is a shell game. And the reason why it’s a shell game, again, is because government spending is a major component of gross domestic product, GDP.

I do not believe, and you tell me if I’m wrong here, and maybe I am. I am willing to accept the fact that I may be wrong. Trump is not going to be happy to see GDP fall. He wants to see it go up, not lower. Again, the illusion here of success, of prosperity. And that’s what you’re going to hear from the mainstream media doing the whole creature, Biden, Stein, Mummy Man, Vomitus Puke that he was as well. I don’t think there’s probably a person that disliked Biden more than I did. Maybe you, I don’t know.

I think the man did, in fact, run this nation into the ground at an epic pace. But it was really the fault of the last three presidents, including Trump, last time, who inflated the debt more so than any other three presidents. Well, take the last three guys. You take Obama, you take Biden, and Trump. These three presidents more than double the debt. Take every president going back to George Washington before them. They more than double the debt. Again, the mechanism here is allowing central banks to inflate. And we need to see, again, it’s just too simple to keep the illusion real that we are functioning at any type of a level.

Demands, demands, massive currency devaluation on the back of lower rates, possibly even negative. And that’s where we’re going. It seems pretty freaking obvious to me. It should be obvious to you. So, as I’m getting this video out, it’s kind of early over here, so things could change. But stock futures are relatively flat. We’ll see how this plays out later today. It’s going to be interesting. Now, with that, I will be doing my post-market video earlier today. I’m going to be doing my post-market wrap-up while the market is still open at 3 o’clock p.m., okay? I will hover what’s happening, what happened with the Federal Reserve.

It’s going to be very interesting. I really can’t wait for this, honestly. It’s going to be just freaking lovely. All right, so anyway, guys and girls, we covered a lot here. I do want to hear from you on what we spoke about. Let’s see how this plays out, where it goes. Obviously, too interesting. For those of us looking to get back into the stock market, we’re waiting for a couple of things to happen here. And please, look, man, if you’ve got a few dollars you want to play with, I get it. You want to throw that in the market? Fine.

But just make sure it’s money that you are willing to, I wouldn’t say completely lose, but willing to be whipsawed around a little bit. What I want to see, again, is the S&P 500 hold above the December high, above 6088, and then move up. What’s the rush? There’s no rush here to get back in. I’d like to see the MMRI drop below 300. That knee-jerk this morning in dollar strength on the back of this is keeping the MMRI from dropping below 300. Let’s see where this all goes, man. You have to admit, we all live in some pretty interesting times.

So right now, you’re ready? The stage is set. Let’s wait for the fake battle between President Trump and the Federal Reserve. I’m demanding that you cut rates, and maybe he has the power to do it. I don’t know. That’s what I heard. Does the president have the power to declare some kind of an emergency and force the Fed to cut rates, which is what they want to do anyway? So I would imagine if Trump were to sign an executive order in an emergency here that this would probably make the creature things that are not even human, that dwell within the Federal Reserve, to be the happiest bunch of monsters on the face of the planet Earth.

Again, nothing, nothing could possibly make a central banker happier than hearing a world leader demand lower rates, because it helps them fulfill their goal to own it all, to issue their product to all of us here. We pay for it all, literally. Where’s the pushback? You’re not going to see it. What you’re going to hear is, well, the Federal Reserve is not allowing the president to implement his strategy. It’s the Fed’s strategy, of course. You know that, to lower rates, to inflate. But that’s the setup. They got people so distorted, twisted, and to believe me, things are absolutely false, because most people have no idea, at all zero, how the financial system actually works.

That’s craziness, craziness, people. But you and I, I don’t think anyone knows this better than we do. We’re on it. We are on it, hardcore, right? This guy here loves you from the heart with all I got. If you got something out of this video, or if I have earned you a thumbs up, I’d appreciate it, all right? Share the video, get it out there. Now, remember again, I will see you at 3 p.m., 3 p.m., not 4 or 5, for the livestream, right? And I hope to see you there. We’re going to have a lot of fun.

We really are, because that’ll be status post, Federal Reserve monetary policy announcement, and we’re going to have some stuff to talk about, all right? It’s going to be lovely, all right? See you all later. Please, people, take care of yourselves and each other. That’s all. [tr:trw].

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