Borrowing From MasterCard to Pay For Visa-Gregory Mannarino

imagesFinancial analyst Gregory Mannarino says, “The Fed cannot and will not stop printing. . . If they do that, overnight the system would collapse. . . . They are in desperation mode.” Mannarino thinks the U.S. should be cutting spending and not raising the debt ceiling. He contends, “By raising the debt ceiling, we are borrowing from our MasterCard to pay for our Visa.” Mannarino says global central banks are all “. . . purchasing gold and silver in record numbers. Meanwhile, they are flooding the world with fiat currency.” Despite a lackluster market in precious metals, Mannarino thinks people should keep accumulating gold and especially silver. Mannarino proclaims, “Silver is the most undervalued asset in the history of the world.” Mannarino predicts the middle class will be left “desperate, distraught and completely wiped out . . . when this thing collapses. We’re going to see a two-tier society.” Mannarino says it’s all because “we have a madman running the Federal Reserve.” Join Greg Hunter as he goes One-on-One with Gregory Mannarino.

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Comments

  1. I appreciate the positive precious metals cheerleading, and Peter Schiff went through this weeks ago. My one question, are any central banks actually buying silver? If a central bank tried to buy a few tonnes of silver the market would instantly go full retard.

    • Hey Dirt,
      I am not all that excited about the turn up on Silver today. We can dang sure expect a smack down in a day or two!!!!

    • @Ranger
       
      Now now Ranger, think positive…it can’t hurt. You know there will be a hiatus  to the manipulation at some point and it seems to me that within the next couple of months the fiscal poo will hit the fan…..it can’t be stopped at this point without a hard crash. Others around the world seem to be getting that prognosis but the Americans are lulled into thinking that the wave will keep-a-rolling when it is about to hit the beach. We won’t like the scenario but we will be glad we hold the metal……….soon……..very soon!

    • “…the fiscal poo will hit the fan…”
       
      Dare we say, the fiscal feces?   lol
       
       

  2. No central bank in the world is publicly announcing any purchases of Silver as a reserve.  The only exception may be China doing it unannounced for both industrial and monetary reasons.  However, one should be glad that there are literally hundreds of millions of individual ‘central bankers’ throughout the world stacking physical Silver left and right.  And, since money leads to power and control, and freedom, it is actually a good thing that Silver is not flowing into the hands of a few (world central bankers), but rather the many (as it should be).  Money is for the benefit of the people (not those who have wrongly been given the power to issue unlimited amounts of counterfeit fiat paper).

  3. I believe CB’s a buying buy placing dip-orders. Sell orders need to come to them to make a deal. Plus, it seems China is offering great deals on black market gold at their borders (loosely speaking). India might have a less bad trade deficit than they think…
    Simple as simple sees it: western CB’s are leasing out (selling), western banks are leasing and selling that, to the east. 

  4. I’m still thinking about Greg’s last comment about eating people on the street.  That’s good with me s long as they’re Vegans.  Easy to catch, easy to clean, dress out nicely, cook up well on the barbey.  Come the revolution I’m going to Vegans.com and git me some. 

    • Yeachhhh to lean, not enough fat.

    • Yeah, Mary, that’s the real hell of it all.  Banksters and politicians have way too much salt, fat, and cholesterol to make good eating and the vegans are all stringy and full of gristle.  Maybe we better not start the “long pork” movement just yet because a lot of us are prime specimens… not too fatty… not too stringy… but JUST right!  X-p
       

  5. Hey Silver Slicker, you’re probably right. I feel like a hunter that’s been in the wild trying to shoot some game and no game is raising it’s head. I’m hungry now to shoot anything, Ham, Ram, Bear, Beef or Buffalo! Now you must realize that if Jamie Dimon or Blythe Masters happen by when I have game in my sights, anything can happen…just an accident folks, move along now, nothing to see here.

    • I can see where that would be a terrible dilemma for any hunter, Ranger.  Hmmm… my usual one-shot kill or maybe start at the toes and work my way up… slowly?  ;-)
       

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