Saturday, August 18, 2012

Video on the coming financial collapse


All who read this blog are aware of the coming collapse of the US dollar, aka petrodollar, aka FRN ( Federal Reserve Note).
But, do you know how we got here? And, more important, how to gauge when this economic upheaval will likely start?
What are you doing with your wealth to preserve it? Are you still in stocks? Bonds? 401k that is managed by a broker?

I'd like to ask you to watch this video from a friend of mine. His name is Gregory Mannarino.

Despite his youthful appearance, he has over 20 years experience in the markets. And, unlike the pundits who claim to be financial experts, and talk over us hoping we'll just think they're smart and tell everyone else what they said (hoping everyone else will think we're smart! lol)
Greg spells it out, in recognizable terms and everyday language, along with charts pinpointing historic events and how they relate to today's financial roller coaster. Like the quantitative easing  #1, #2 and ongoing #3 the Fed initiated, which artificially drove the market up each and every time it was announced.

In this video, he shows you the news chatter and press releases by very prominent people of the time;  bankers, politicians and newsmakers. The similarity to today's situation is uncanny.
And, Greg explains how every move by the Fed, or the Treasury to prop up the financials, it cancels the markets attempt to find fair value ... in everything the propping up influences, directly and indirectly - stocks, equities etc.  This overriding of the free market's mechanisms have a consequence. 

I call it the Federal Reserve blow job! - It seems their job is to blow bubbles. And, they like really BIG bubbles. So, they blow, and blow and blow some more. Completely inflating the market. On a chart, you'll see it plain as day. Then, you'll see the nemesis of the Fed, the Free Market, poke at  that bubble. Like a great equalizing stick pin, the market attempts to pierce the ever expanding, ever thinning veil of interference, which is the only trick the Fed has.
Then, in the instant the Fed tries to catch it's breath, the market forces the value down to, and usually below, the actual fair value. Till the market catches up.
Then it starts all over again. 
Check out Greg's charts and explanation in this video. I'll bet you'll do what I did - You'll find yourself checking out his previous work.
And, then you too, will subscribe to his youtube channel.
Because another thing he does that those other pundits don't, is bring you a video chock full of very useful information every single day, seven (7) days a week. 
Believe me, like thousands of other well informed folks, you'll soon make him part of your daily routine. 


Mark Vette

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