Media Blackout on Dire Global Debt – Greg Mannarino | Greg Hunter's USAWatchdog
September 12, 2018 In Market Analysis 30 Comments
Greg Hunter’s USAWatchdog.com
Trader/analyst Gregory Mannarino says the public is not getting the truth about the dire debt and currency problems in the global financial system. Mannarino explains, “People here in our country are not being allowed to see what is going on outside of the United States. The mainstream media (MSM) outlets are doing everything they possibly can to keep people misinformed and uninformed. This is what is happening right now. On a global scale, the world is overdosing on debt. I cannot stress that enough. So, what we are witnessing here in regard to the emerging markets is a currency meltdown. . . . World central banks are colluding with the leaders, and they honestly have no choice because the party ended in 2008. They have done all they can to re-inflate bubbles by introducing debt on every single living soul on this planet, unlike we have ever seen in the history of the world. . . . When this thing hits a point of maximum saturation, we are going to see cracks or the debt market let go before everything else, and that’s exactly what we are seeing here. The currency meltdown in the emerging markets, these are units of debt. These currencies are unbacked liabilities being dispersed by bankrupt governments. It’s the same thing here in America where our debt-to-GDP ratio is now over 100%. . . . It all comes down to keeping the world awash in debt because that is the way the system functions. . . .Last time, in 2008, we bailed out the banks. This time, we are going to bail out countries.” Mannarino points out that other people are giving warnings that something is very wrong. Mannarino says, “Bloomberg put out an article last week of worries of a contagion. Again, it’s a crisis of the currencies we are seeing in the emerging markets. . . . There is going to be a moment of...