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European stock markets are bombing this morning; UK FTSE 100 is minus 6.3%, German DAX is down 7.7%.
Organ played this card earlier in this thread. Obviously when you are far more knowledgeable and in the know than the medical, scientific and financial communities then a gold, silver and platinum metals trader could not possibly pull the wool over his eyes. I mean whats in it for Greg in trying to panic people with broadly the same message for a decade to get out of the stocks and bonds market and into the commodities he trades in?
https://www.silverdoctors.com/tag/gr...narino/page/2/
Stock markets generally trend in the same direction as the US indices as everything financial is so interconnected.
Deutsche Bank, 'the world's most dangerous financial institution' said the IMF in 2015, it's share price is cratering right now to another all-time low. https://finance.yahoo.com/quote/DB/
Bitcoin is also getting stamped on today. A 14% decline.
Another 'holy feck!' day for, well everything including the perceived safe havens of gold and silver. Other commodities were smoked too as the crude oil price was shellacked for a 10% decline.
US stock markets that jumped 10% last Friday, lost on average 12.5% today. Emergency Federal Reserve measures enacted yesterday evening failed spectacularly. There'll be steam appearing from Greg Mannarino's ears later on.
Here's Greg!
To save Cyril and others 25 minutes viewing time... he says we ain't seen anything yet, three years of Trump stock market gains erased in the past three weeks, more and more freshly counterfeited debt currency units will be thrown at propping the Ponzi up, a too much debt problem cannot be rescued by adding more debt, the virus is being used as an excuse, bankers own everything including politicians and countries through their network of central banks, world government and tyranny is their goal.
I think he's been reading my posts here.
Yes, I did know he is one degree away from becoming the mafia equivalent of a made man. Naturally, when I became aware I viewed him with the gravest suspicion. I used to be chummy with a keen Mason at the local lodge who clocked out several years ago. "How old's your grandmother?" is one of the secrets he revealed. That query is one of a number asked to identify themselves as a 'fellow traveller.' He was a Thatcher lover and loathed Geoffrey Howe whom he insisted was definitely a 33rd-er and speculated he was ordered to become Brutus by the UK head honcho, the Duke of Kent.
Very predictably stocks are up across the board today after yesterday's hammering because the Federal Reserve and central banks of other countries, all of whom carry an enormous national debt, threw magic money or promised to throw magic money (i.e. more debt) at the crumbling economic and financial systems. The Yanks also pledged to give US citizens $1,000 apiece. Am not sure if it's per adult, household or full time worker. That's better known as helicopter money. As Mannarino correctly stated in the video a few posts above, we ain't seen anything yet. To bring in a new system, a digital money only one, then they must destroy the purchasing power of the US dollar to worthlessness. Once that occurs, because it's the world's reserve currency, then all other currencies will also go to nil because they're derivatives of something that has no value
It'll be those with the greatest percentage of their former wealth tied up in cash and private pension pots who'll be launching themselves from bridges and the sills of high windows.
Have you thought through your positioning on this yet?
Are you more worried about Option A, Old Morg never really had much credibility anyway but going all in on CoronaVirus spelling global economic doom didn't quite materialise so what does he do for an act now or is it,
Option B, Organ Morgan, the Sage of Sully. If only we had listened to him, alas he went down with the same ship he warned us all not to sail upon?
Cyril, sat there inert and bewildered with mouth agape is not a good look or strategy.
I read elsewhere minutes ago the very long list of countries who are urging their citizens to return home ASAP, the latest being New Zealand. Something's cooking and it smells rancid.
If you didn't care to read the Civil Contingencies Act 2004 I linked to earlier in this thread then I can tell you Joe Soap has no rights when the state trigger emergency powers. I say none because the detail is so nebulous, no doubt deliberately so to be interpreted on the fly.
I'm happy with my positioning. Have been for a dozen years.
Another abysmal day when everything was pounded lower, including sterling, and it happened a day after the US Treasury Secretary, the British Chancellor and other financial bigwigs promised to make 'whatever it takes' and 'unlimited' liquidity/stimulus (yes, soft and cuddly words for debt) measures available. Tomorrow's stock markets futures prices indicate a repeat horror show is odds-on.
In his brief 8-minute summary, our Greg goes further than ever before in the first 90 seconds... bar for some miracle the world's going Mad Max in short order.