RED ALERT! Economy in Full on CRISIS MODE - Gregory Mannarino

I know that most GLPers are aware of the fact that a financial meltdown is coming - but this vid is a good overview of the terminal nature of the US economy.

Gregory Mannarino, a former Bear Stearns trader, exposes that even though Obama's administration claims the U.S. economy is in recovery, the Federal Reserve's inability to taper its $85 billion per month stimulus program proves that we are still in full blown Lehman Brothers crisis mode 5 years later.

Mannarino declares there will be no economic recovery and that people should prepare now for a coming financial collapse of historic proportions that will decimate the middle class and leave most people as serfs in a feudal society.

So far I can't detect the crisis. Nor can I prevent the crisis.

Wake me up when it gets here!

"Not only does the government run out of money on October 1, the nation is set to hit the debt ceiling and go into default in mid-October. Together, they serve -- in the words of CNN senior White House correspondent Jim Acosta -- as a dysfunction double whammy."

[link to www.cnn.com]

I know that most GLPers are aware of the fact that a financial meltdown is coming - but this vid is a good overview of the terminal nature of the US economy.

Gregory Mannarino, a former Bear Stearns trader, exposes that even though Obama's administration claims the U.S. economy is in recovery, the Federal Reserve's inability to taper its $85 billion per month stimulus program proves that we are still in full blown Lehman Brothers crisis mode 5 years later.

Mannarino declares there will be no economic recovery and that people should prepare now for a coming financial collapse of historic proportions that will decimate the middle class and leave most people as serfs in a feudal society.

If there's one thing I've learned in the past 5 years reading financial blogs, following Dr. Dooms and listening to other financial experts is that just because these markets should fail does not mean that they WILL. The people in charge have all the power to do whatever they want and we are now in a very global world with most of the rest of the world in the same or worse condition as us. Pray that things continue limping along for as long as possible to allow yourself time to prepare and hope that it never happens. Americans of course now are not like Americans of the 1930's and will NOT be happy about things when they go down. Particularly in the inner cities and surrounding suburbs.

Actually, Greg Mannarino knows what he's talking about. Yes, some of these guys have been talking about the end game for ten years or more, but back then the details weren't too clear; now that the details are very apparent, the warnings are getting louder. We need to listen to these people who are trying to drum the scary details into our minds so that we'll be ready and prepared when TSHTF.

It's like driving down a road you know you can't get off, you know there's something dangerous at the end of the road, but you're not scared yet. Then when you get to the very end and actually see what's there, you start shouting and panicking and you hang on for dear life and you pray that you'll survive. We are pretty much at the end of that road.

Gregory Mannarino is best !



[link to www.youtube.com]


October , here we come !

Bumpin' it , again , for you, WTF kitten!
GREAT POST!!!