Liberty and Finance, Released on 7/7/22 (Recorded on 7/5/22)
Gregory Mannarino, founder of Traders Choice, warns the middle class is being crushed by inflation. "You're getting robbed blind," he says. At the same time inflation is shrinking people's earnings and Dollar savings: stocks, bonds, and real estate are showing weakness. Central banks have been creating the illusion of liquidity by pumping currency into the system. But it's all coming to a head now. He expects a liquidity freeze leading to central banks taking even more drastic action to keep the system afloat. It won't work. According to Mannarino, a total meltdown of the financial system will follow. "Three things: love each other, care about of each other, and be charitable to each other. We need each other. Don't let them divide us," Mannarino says. "If we don't come together, we're all in a lot of trouble."
0:00 Intro1:11 Market turmoil8:10 Retirement14:21 IRA/401k19:52 Gold's future22:51 Inflation27:20 Gold price29:52 Debt collapse33:05 Building community36:01 Miles Franklin