Report That the Global Financial System Is Dying by Design

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Gregory Mannarino, who is known as the Robin Hood of Wall Street, predicts the financial system is dying, and the sign that’s the case is the unlimited bond buying. As soon as the bond buying stops, the system dies.

The European Central Bank is beginning the debt market super-rigging with unlimited bong buying. On Friday, Bloomberg reported the news.

The European Central Bank will unveil an unlimited bond-buying tool next week to help markets better adjust to steeper and faster interest-rate increases.

It’s sold as a way to “help the markets better adjust to steeper and faster interest-rate increases.” The report doesn’t mention that an unlimited bond buying move by the ECB, which will be followed up by the Federal Reserve, IS MASSIVELY INFLATIONARY.

It sparked a rally in the market but artificially suppresses rates and a risk-on environment.

Mannarino said, “at its core, the global financial system is rapidly becoming illiquid; that is, for the current debt-based system to function, the debt must unrelentingly be added to the system exponentially.

“The literal nanosecond that a single dollar of debt is not added to the system, the system itself dies.”

Eventually, it stops, and people can’t get their cash, money markets, annuities, stock portfolios, CDs, etc.

“The current debt-based economic model is dying by design,” he said. He added that the Federal Reserve is adding to it by “moving vast amounts of debt between institutions overnight.” They rapidly move trillions between systems to trick the system into thinking there is more liquidity than there is.

His conclusion is that the global financial system is insolvent, and without constant refueling with debt, it dies.

If this is by design while The Great Reset is on, it’s terrifying.

 

 


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GuvGeek
GuvGeek
1 month ago

We are in an Inflationary Depression and the Rich are frantically trying to hold on to their wealth. Soon they will be installing diving boards on high rises in the World’s Financial Capitols.

Scott
Scott
1 month ago

“bong buying” no wonder we are in trouble

The Saint
The Saint
1 month ago

Lots of double talk presented as analysis.

crier havot
crier havot
1 month ago

Rep. Alexandria Ocasio-Cortez (D-NY) lamented the cost of working as a member of Congress in an Instagram post despite her substantial congressional salary.
Members of Congress are required to occupy one residence in Washington, D.C., as well as one in the state from which they are representing, according to the New York Democrat. This leads to “class dynamics” within Congress and causes economic strains for those who struggle to afford two residences, she argued.

Sick of it All
Sick of it All
1 month ago

Basically, this isn’t going to end well.