➡ The article discusses the financial state of the United States, highlighting the government’s practice of issuing new debt to buy back old debt, which is seen as a sign of a failing nation. It also mentions the decreasing demand for US Treasuries from countries like China and Japan, and the overall de-dollarization of the world. The author criticizes the reliance on a few major companies to support the S&P 500 and the impact of a weaker dollar on the US economy. Lastly, the author encourages readers to join the Freedom Platform, a censorship-free space for discussion and sharing of information.

➡ The speaker is planning to announce details about a year-end party for subscribers of the Freedom Platform later this week. They also invite everyone to join a live stream at 4 or 5 p.m. Eastern time to discuss various topics and promise to read through the comments.

Okay, here we go, everybody. It’s me, Gregory Mannarino, Monday, July 28th, 2025. Remark your report. Let’s start with this. I don’t even know where to begin sometimes. So what’s happening now? Couple of things over the weekend. And look, man, I know a lot of people out here want to see President Trump fail. I am not one of those people. We have to stop with the hatred and division in this nation. That’s why we’re in the spot we’re in now, okay? We have to come together, all of us, yes, including the President of the United States.

If the President of the United States is successful in leading the nation, well then the nation is successful. What we had here is a downward spiral on a massive scale, and we need to stop this. Personally, as I just said, I want to see the President succeed. That means we succeed. With what has happened over the weekend, I mean, this just is failure across the board. And as an American citizen, I don’t like to see it. Let’s talk about this. So this is in your inbox again. If you sub to the Freedom Platform, hold that thought.

Wait till the end, because you’re going to love this. Anyway. Lions, Trump extends China, tariff, deadline. Look, guys and girls, this has become a literal embarrassment to the United States. So let’s read this. Here’s the headline, as you can see. China, U.S. to extend tariff pause. Okay, so Lions, this 90-day extensions list, it’s actually being called a truce. It’s a truce, okay. To me, and I wrote this right here, is U.S. surrender again, and it’s getting embarrassing. Me, personally, I would hope that President Trump would just stick to his guns just once. This continual flip-flopping and the world is watching.

As we have covered many times, don’t be fooled. The decoupling continues. The so-called trade talks are just optics. Part of this is the deadline, deadline, deadline. Now, the deadline here, which is coming up in just a few days, is causing, unfortunately, the U.S. president here, Donald Trump, to make deals that are not in America’s best favor. First of all, I want you to think about this. We do not have them. We have not even had one comprehensive trade deal yet, not even one. That’s a problem. So, it has this one for you. Trump announces a deal with the European Union imposing a 15% tariff averting a trade war.

How does this work? Trump announces a trade deal with the EU for a 15% import tax on American citizens. How is this a deal? So, MarketWatch goes on to explain how President Trump put this deal together, and American citizens are basically going to be paying a 15% import tax, known as a tariff. And I wrote lines, this isn’t a deal. This is not a deal. Tariffs are still tariffs, which are an import tax on American citizens, which raises costs for U.S. businesses and consumers. So, I want you to think about what I’m saying here.

And I’m not trying to put the president down. As I said, I want the man to succeed, but the fact is he put this deadline out there, and now he’s basically willing to take anything to make it look like, okay, I fulfilled these deadlines. With China, I mean, come on, man. Stop, President Trump. Just stop for a moment. You know what this is all about? The stock market. President Trump is worried about the stock market, the stock market, the stock market. President Trump was hoping that by, you know, by pushing the tariffs off 90 days for China, which is a surrender, unfortunately, I can’t think of it another way.

How about you guys and girls define that for me? Because I know some of you are going to say, oh, this is a negotiating tactic. Come on, man. And don’t create a deadline. Just, you know, I said recently, President Trump should take a step back and just say, okay, you know what? Forget the deadlines here. Let’s work out real deals where American citizens and American businesses, small businesses especially, get crushed by hiring input costs. Just put that on the back burner. Let’s work out real deals where we, the American people, aren’t being forced to pay an import tax.

Do you like paying an import tax or an input tax if you’re a small business? It’s the reason you import costs like crazy. No, no, no, no. These are not deals. President Trump, stop. Stop worrying about this freaking stock market. All of this is what I would call late stage empire moves, which are happening right now. And there is something going on now, which no one knows about, except you. It actually started earlier this year, and it’s picking up speed. What am I talking about? The U.S. Treasury is buying back its own debt. This is, I mean, don’t take Greg Manimino’s word for this.

Open up a new window, because Greg may be lying to you, okay? If you look at empires that have failed going back as far as you want to go, when they start cannibalizing themselves in the manner we are doing right now here in the United States, it’s literally over. So this is in your inbox again if you subscribe to the Freedom Platform. I’m going to read this to you. By the way, seven days from today, this is gone. So next Monday, it’s over. You’re not going to get these morning videos unless you move over to the Freedom Platform.

And I have made this so easy for you. You can earn a free subscription, or multiple free subscriptions on top of a free trial. So just stick around, all right? Anyway, Lions, this is a late-stage empire move happening now. Let me read this to you in this entirety. Lions, now, I wrote here this calmness in the debt market over the past several weeks. Before, let’s full stop for a moment. We haven’t seen much movement in the 10-year yield for many weeks now. Sure, it’s right now sitting at about 4.4, which the market isn’t happy with, despite the fact that we’ve hit record high, record high, record high.

And the warnings that we just got, a lot of you guys missed it already, unfortunately, but we got some pretty profound warnings, one from Goldman Sachs, and multiple from Goldman Sachs, and multiple from Morgan Stanley, warning about the economy, warning about the market, and those of you, again, that subscribe to the Freedom Platform, you got your markets a look ahead, and you got your paper, which covered it at length. So the issue with the debt market is, again, we have a mechanism with the Fed’s buying it all. The United States, unfortunately, must create demand.

So it’s doing so by the Treasury now using a mechanism to stabilize, the Treasury, not the Fed, the Treasury cannibalizing itself, buying back its own debt. This is a late-stage empire move, and it’s all outlined here for you. So this calmness in the debt market is an illusion, is what I was trying to lead to. And this morning, even with, again, I mean, this is pretty dramatic. So President Trump now, I hate even using this word because it’s disrespectful to the office of the presidency of the United States, not to the man, okay? President Trump cackled on China again, period.

There’s really no other way to twist this into a nice way. By pushing off the deadline, it doesn’t look good. The optics are not good. And then, of course, this cover-up here where, I mean, this is insane. This is not a deal. I’m sorry. This is not a deal where Americans are being – American citizens and American businesses are now being forced to pay a 15 percent import tax, which is a tariff, okay? It’s interesting how they don’t – you see, this is how it works. Our so-called leaders, they think you’re so dumb that you don’t understand that a tariff is, in fact, an import tax.

They can’t tell you that because if they said import tax, you would go, whoa, whoa, whoa, I don’t want to pay an import tax. But if they say tariff, they can twist it up. And the – oh, this is – the nations are paying it. They’re not paying it. It’s paid by the importers, and those costs are passed on to you. But this is what they count on, our illustrious leaders in Washington. So anyway, going back to this real quick, all right. So, lines, the calmness in the debt market over the past several weeks, question mark, it’s the calm before the next convulsion.

And we have a problem, not then. We do. We always have the problem. So let’s break it down. Buying years are holding – I wrote firm here. I should have wrote relatively firm. Okay, the 10-year yearly means artificially capped. How? This is obviously direct-fed suppression through a backdoor yield curve control. Yes, that’s going on right now. And now we have the U.S. Treasury buying back its own debt. Yes, the U.S. Treasury has officially begun buying back its own debt. It started earlier this year, and it’s accelerating. Now, I want you to think about that. This is one of the most underreported yet dangerous developments on the Babylonian financial chessboard.

In truth, it’s a shell game. A debt spiral cover-up. A zombified government-slash-nation, I should have wrote, cannibalizing itself. And that is why no one is talking about it. It’s a disguised form of debt monetization, of course. The Treasury issues new debt. They use the proceeds to buy back old debt. Now, this keeps the illusion of demand afloat, even as real buyers disappear, as I just mentioned a moment ago. This is not happening because they want to. This is happening because they have to. Now, let’s see. Why do they have to? Let’s break this down. Because when a government must buy back its own IOUs, the game is officially over.

Now, as I said, do your own research. Open up a new window. Is Greg lying to you? When a nation starts buying back its own IOUs, is it a signal that the nation is failing? The answer is obvious. No business can do this. No nation can do this. It’s just over. So I go on to say, farm buyers are vanishing like China, Japan, and even BRICS allies are dumping or backing away from US Treasuries. No secret. Everybody knows it’s happening, along with the dollar. The whole entire world is de-dollarizing and sidestepping the dollar. So, no real demand, equal no real value, equal manipulated market, full stop.

Full stop, people. Where am I here? I thought I was ready. Here. Right here. This is a late-stage empire move. Let’s move forward. Historically, when nations begin repurchasing their own debt to support fake stability, they are close to total monetary collapse. No corporation or nation that is healthy needs to buy back its own debt with more debt. Does that make sense to you? Or no. Greg, not making any sense to you. All right. Let’s move forward here. The illusion of the market. You guys and girls have heard me talk about the illusion of the market for years.

I want you to think about what I’m going to say here. And today, it’s the MAG7, the MAG7, the Magnificent Seven leading the way. Apple, Microsoft, Amazon, Google, NVIDIA, Meta, Tesla are still holding up the entire S&P 500. Think about that. Now, let’s just for fun throw this out there. And I want them to have a little fun. You know, we’ve got to have a little fun sometimes. If NVIDIA just makes a hiccup, well, the entire market structure shudders. Same for Apple, Microsoft, Meta. Why the MAG7 begins to…when? The MAG7 begins to roll over, then it’s just over for the market as well.

And then I wrote lines. A market held aloft by illusion, and that’s all this is. Inflated by debt and pacified by nonstop lies, deceptions and distractions. It’s not a market. It’s a sacrificial system, and Babylon must consume more to survive. So be ready for anything. Does that make sense to you? I hope so, guys and girls. It’s really over now. The United States is flatlining. It’s flatlining. And look, man, I believe that there is power in collective thought. Maybe Greg is a little bit out there. So I know there’s a whole bunch of people out here who maybe don’t believe that, and that’s okay.

I personally believe if we wished for things to be better, they would. And unfortunately, people want to see, let’s see, for example, the president fail. If the president fails, we fail. Does that make sense to you? I mean, it shouldn’t. You can look back on history. If President Trump would have turned…he still can turn this around. I think so, at least. He could say, okay, you know what? Let’s stop with the deadlines. We are not. The United States does not stand in a position of strength. I’m sorry. We are dissolving ourselves by buying back our own debt, our own IOUs here, the treasury now involved as well.

The world knows this. The population of the United States doesn’t know it. President Trump has backed himself and the United States into a corner with regard to these trade deals deadline, okay? He just…again, let’s not say taco because I hate that term. He pushed off…well, it’s going to be pushed off, obviously. 90 days with regard to China. It’s a truce, okay? That’s what they’re calling it. It’s a truce. Unfortunately, it’s a U.S. surrender, and China knows it. The world knows it. You should know it too. Now, with regard to this deal with the EU, it’s not a deal.

We are being forced to pay an import tax. That is not a deal, in my opinion. It’s not fair to the American people that we should be paying this here. Our factories are dying. Our factories are dying not because they…well, first of all, it’s multiple… there are multiple levels here. Our factories are dying because U.S. consumer is dying on the back of its currency. The backbone of every nation is its currency. Yeah, time to wakey-wakey. So when you have a situation where the dollar is dying with regard to purchasing power, consumers don’t consume. If consumers don’t consume, factories don’t produce.

Does that make sense to you? Of course it does, because you’re smart, and because this is economics 101. And again, it scares the living heck out of me when you hear a sitting president, Donald Trump, and vice president saying, we need a weaker dollar. We need lower rates. Again, look back on history. Greg could be lying to you again. The most prosperous times for the United States, or any nation, is not when rates are artificially suppressed. It’s when they’re higher, and that means the purchasing power has more… The currency has more purchasing power.

That’s when an economy is prosperous. Again, to have a strong… In finance and economics, I’m going to tell you new people something maybe you never heard before, and this is basic economics and finance, again, 101. To have a strong economy, you need a strong currency. To have a strong currency, you need a corresponding rate of interest high enough to support the purchasing power of the currency. President Trump doesn’t seem to think you know that. Neither does J.D. Vance, who doesn’t know if he’s coming or going, in my opinion. I’ve never even seen a more brain-dead controlled individual than J.D.

Vance, who’s being preened right now for the presidency of the United States. You want this guy? You want him? Well, you’re going to get him regardless of what your vote is. It doesn’t matter anymore. I think we’re pretty much on the same page. So I want to hear from you on these things. Did you stick around? Are you happy that, again, not one comprehensive deal, not one yet so far, and we were promised it. Again, President Trump, turn it around, buddy. Stop with the deadlines. Stop with the tough talk. We Americans don’t want to pay an import tax.

Okay, you can call it a tariff, but it’s an import tax. We all know that. Trump extends China’s deadline here. You’re happy about that? Is that working for you, people of the United States? How about this? Late stage and prior move. Now, with regard to the Freedom Platform, I’ve made this even easier for you, okay? I want you over there. You’ve got seven days to get over there. Right now, if you were to click in a link in the description of the video, you can get yourself a free seven-day subscription.

Everything is there for you. If you decide to subscribe, you do so. Okay, then, all you’ve got to do is refer people, friends, send out referrals, share the posts here, and you earn credits towards a free subscription or multiple. You can do this. You can have a subscription to the Freedom Platform for life. If you just get in here and you just start sharing the work, you start referring people. People, I want you there. I can’t make this any easier for you. It’s impossible to do. I don’t want to be here on this Babylonian YouTube, AI-controlled, censored platform anymore.

I want out of here. I need you guys. I’ve had your back for over 10 years. Is it too much to ask for us to unify where I can actually give you something for free by just joining the Freedom Platform? Am I really asking for too much? I’m offering you a free seven-day trial and then the opportunity to earn unlimited subscriptions for nothing. All you got to do is share the work and refer people. People, let’s unify. Let’s come together. This is our sanctuary here again. No censorship, no AI screening of your comments or mine, no scammers, no anything.

So, seven days from today, please, consider what I’m saying, okay? Just join the Freedom Platform and you can get unlimited subscriptions for zero, zero, zero, zero. A lot of you say you can’t afford it, okay? That’s why I’m still, you can’t afford zero. I don’t know how that works, okay? Yes, you would initially have to subscribe for $3 and change a month if you do the $40 per year. But then, once you’re in, you just refer. You just share the work. You just send out referrals and you earn credits towards unlimited subscriptions for free.

Come on, guys, man. I can’t make this any easier. There’s nothing else I can do. I went right into the sub-stack and I said, how can I make this as easy as I can for you guys and girls? And I think this is it. I can’t do it. There’s nothing else I can do. So, come on over there, all right? And this week, by the way, I’m going to make an announcement probably Thursday or Friday as to our year-end party. And it’s free to all of you who do subscribe to the Freedom Platform.

And we’re going to have a party. We’re going to have a good time, all right? Love you guys. I’ll see you guys later. 4, 5 p.m. Eastern for the live stream, okay? And I want to hear from you on these topics that we spoke about. I will read through the comments, all right? Love you guys from the heart with all I got. See you later. [tr:trw].

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