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System Is Dead – Cascade of Events Will Happen: Gregory Mannarino

Monday, August 4, 2014 21:22

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(Before It's News)

TND Podcast Spotlight: Greg Hunter’s USAWatchdog.com |

Greg Mannarino

Analyst/trader Gregory Mannarino says the recent Argentina bond default is a big deal and is a symptom of a much bigger global problem—debt. Mannarino explains, “I’ve been talking about the insurmountable debt problem for years now. It is the greatest threat to humankind—period. What really needs to be understood here is that it is not just a financial issue, but also a resource issue. We have been allowed through this mechanism of failing monetary system that pulls cash out of the future to acquire resources that we would not normally have. We have created an alternative universe.” Mannarino goes on to say, “Yes, Argentina is in default now, and we have at least 10 of 11 more that we know of. As an analyst, I look for common themes. What is the common theme here between all of these nations, including the United States of America? It’s very simple. It’s their debt to GDP ratio. Whenever you have a debt that exceeds your gross domestic product (GDP), the country begins a terminal decline. That’s it, period, the end.”

Click here to read the rest of Greg Hunter’s write-up and to access the active comment section.

After the Interview:

Mannarino told me he’s working on a new book that will explore what the world will look like after the next financial crash. He will give his take on the new global currency and what to invest in for the new global paradigm. Mannarino says it will be out next year. For free stock trading tips, please go to TradersChoice.net.

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About Greg Hunter:

Greg is the producer and creator of Greg Hunter’s USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. Greg Hunter’s USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows. Greg encurages feedback and welcomes comments. You may also support USAWatchdog.com by clicking here to donate. Reprinted with permission.