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VIDEO [WAR] Gregory Mannarino – When Debt Evaporates So Will Half the Global Population
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  1. #1

    [WAR] Gregory Mannarino – When Debt Evaporates So Will Half the Global Population

    So what I am expecting is that a fairly large country like Turkey will go bust and be unable to pay back on debt to foreign banks say like Germany, Italy etc. So quickly the banks will go bust. Everything will close up like happened in Argentina.

    So listen and enjoy....



    ///////////////////////////////////////////////////////////////////////////


    About 30 long


    Gregory Mannarino – When Debt Evaporates So Will Half the Global Population




    https://www.youtube.com/watch?v=kvz3kIs7rew



    Greg Hunter
    Published on Sep 11, 2018
    Trader/analyst Gregory Mannarino says the next financial meltdown really takes off when we can no longer borrow money into existence. Mannarino explains, “There is a full blown debt crisis in Europe and in the United States. The crisis is if we don’t continue to borrow and find ways to borrow ever more cash into existence. If we don’t, the whole system will melt down. . . . When we hit the moment of maximum saturation, what happens to the currency? What happens to the debt as a whole? It evaporates. . . . Let’s say we don’t pay the national debt anymore. What does that do? Well, the dollar in your pocket, the euros in your pocket, is connected to that debt. What happens if you stop paying the debt? The dollars in your pocket go up in smoke immediately. They are not worth anything. They lose massive amounts of value.”

    In closing, Mannarino predicts, “If debt is maxed out and it just evaporates, we will lose half the world population in a very short amount of time.”


    Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Gregory Mannarino, founder of TradersChoice.net.

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  2. #2
    Youtube:


    Ron Paul: The Dollar Will CRASH - The Banking System Is BANKRUPT! (FULL INTERVIEW)


    About 20 minutes long.

    https://www.youtube.com/watch?v=zuV9pvXlubw





    World Alternative Media
    Published on Sep 12, 2018
    Josh Sigurdson talks with Dr. Ron Paul, former congressman, presidential candidate, author and host of The Liberty Report.

    Dr. Paul talks about the coming dollar crash and how it will happen. There is no escaping the fact that all fiat currencies throughout history have reverted to zero eventually. While the fundamentals are off the table due to the level of manipulation in the monetary system as well as in the markets and one cannot put a date on the coming crash, we know it has to happen. It's inevitable. As we reach a potential yield curve inversion, this will not end well.

    Will we see a global centrally planned cashless society? Dr. Paul says it's a desperation move to attempt to implement such an agenda, but that it's not likely to actually succeed. All the same the potential is a major problem and something individuals must understand.

    From that, Dr. Paul talks about the insolvent banking system and how the cash to deposit ratio among the banks show that the banks must fail. Many of the major banks have a ratio of less than 1% of deposits covered in cash. They never recovered following 2008 and have been essentially propped up, only getting worse as they're further centralized into temporary prosperity.

    The everything bubble is also a major issue on the coming timeline. We have a pension bubble that could see a 400 trillion dollar shortfall globally by the year 2050. That's more than 4 times the global yearly GDP. Can it sustain itself? Certainly not. Dr. Paul talks about the countless problems with the pension system and with that the utter dependency so much of the populace has on government. Is there a concerted effort to push the populace into complete dependency to the state and banking system? Absolutely says Dr. Paul. That's the point!

    We always enjoy having Dr. Ron Paul on WAM and we hope to talk with him again soon!

    Stay tuned for more from WAM!

    Video edited by Josh Sigurdson

    Featuring:
    Dr. Ron Paul
    Josh Sigurdson

  3. #3
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    It may sound sensational, perfect woo for YouTube, but it's not so out of line.

    No debt means no EBT, and no EBT means rampaging hordes of dindus.

    No debt also means no civil services, so you can forget about cops stopping dindus. Which means they'll be stopped largely by amateur ballistics. Lots of them.

    Follow that up with what no debt means to the supply line, and what that means to medicine, and suddenly most everyone in a nursing home is marked for death. Same with anyone who's in a hospital for long term care. Probably same for anyone on any kind of serious medication.

  4. #4
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    Quote Originally Posted by Blacknarwhal View Post
    It may sound sensational, perfect woo for YouTube, but it's not so out of line.

    No debt means no EBT, and no EBT means rampaging hordes of dindus.

    No debt also means no civil services, so you can forget about cops stopping dindus. Which means they'll be stopped largely by amateur ballistics. Lots of them.

    Follow that up with what no debt means to the supply line, and what that means to medicine, and suddenly most everyone in a nursing home is marked for death. Same with anyone who's in a hospital for long term care. Probably same for anyone on any kind of serious medication.
    Agreed. Cash, what ever form it takes, will be king. We can discuss all day long what that will be, but most likely cash will take a form that will allow people to eat, have a safe place to live, and move around. Gold / Silver will have its place, but I would think something more basic like bullets will become the new currency. At least for a while if the circumstances indicated by the OP do happen.

  5. #5
    Youtube:


    About 30 minutes long.

    by Lynette Zang

    HEADS UP: Central Bank Domino's Falling!



    ITM Trading
    Streamed live on Sep 6, 2018
    New to ITM Trading? Get your FREE ITM INVESTMENT GUIDE:
    http://info.itmtrading.com/thanks-yt-...


    The global contagion has begun. At this writing thirteen fiat currencies are imploding, and currency markets no longer seem to be listening to the central bankers as any intervention has a very short or no impact at all. What the globalists feared, is now coming to pass. In my opinion, we have just entered the next phase of the fiat system unraveling as confidence in emerging market central bankers evaporates.

    Since it is the “Full Faith and Credit” that supports the fiat system, this loss in confidence is critical. So what do governments and central bankers have confidence in? Physical gold.
    They know that gold is real money with global value, that is beyond the control of any other government or central bank. They know, what J.P. Morgan knew at the start of this fiat experiment, “Gold is money. Everything else is credit.”

    Related Videos:
    5-30-18 PSM THE PARTY IS OVER: Who Will Clean Up the Mess? by Lynette Zang https://www.youtube.com/watch?v=Y4hI3...
    8-15-18 PSM CONTAGION: Why Turkey could Gobble Up the World by Lynette Zang https://www.youtube.com/watch?v=8O9UN...


    Link to Slides and Sources: https://www.itmtrading.com/blog/heads...

  6. #6
    What are these people talking about? We balanced the federal budget a few years ago (got over that idea real quick) and I don't remember social chaos. In fact, we got more chaos now that we had then.

    I missing something here?
    "The misfortune of many is the consolation of fools" Ancient proverb

  7. #7
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    When CREDIT stops moving - EVERYTHING stops moving.

    The world runs on credit these days - there is no money.
    The wonder of our time isn’t how angry we are at politics and politicians; it’s how little we’ve done about it. - Fran Porretto
    -http://bastionofliberty.blogspot.com/2016/10/a-wholly-rational-hatred.html

  8. #8
    Quote Originally Posted by Blacknarwhal View Post
    It may sound sensational, perfect woo for YouTube, but it's not so out of line.

    No debt means no EBT, and no EBT means rampaging hordes of dindus.

    No debt also means no civil services, so you can forget about cops stopping dindus. Which means they'll be stopped largely by amateur ballistics. Lots of them.

    Follow that up with what no debt means to the supply line, and what that means to medicine, and suddenly most everyone in a nursing home is marked for death. Same with anyone who's in a hospital for long term care. Probably same for anyone on any kind of serious medication.
    Not to mention, no debt means almost no commercial food crops...

    Got preps?

    Summerthyme

  9. #9
    Quote Originally Posted by summerthyme View Post
    Not to mention, no debt means almost no commercial food crops...

    Got preps?

    Summerthyme
    Agree. And, what is already produced won't get delivered. Trucking, trains, and commercial shipping all run on debt. Once there is NO food left in a certain area, NO amount of money is likely to fix that.

    Now, normally, I could say that there is ALWAYS some underground trade and some black market that will trade goods for gold, but with the level of violence coming, the amount of .gov surveillance, and how physically spread out this country is (and the sprawl of many American cities), I really don't know...this time, that part could be different. So, yeah. Keep a stash of food back for when there is NO food anywhere to be had. It really may come to that.

  10. #10
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    water softener salt is still about $5. for 40# bag. Anyone who doesn't have 20+ bags of salt put by is overlooking one of the very basic necessities u there with water. You can salt-pork a lot of commies for that price. Salted meat will be a good trade item, or can keep you from having to venture far.
    If I was born in Kenya, I'd be President by now.

    *My fingers are slysdexic. Damn.*
    They're, there, their. There. I know the difference. My mind is miles and miles of thought ahead of my fingers and my fingers are peons. peons do sh!tty work.:D

  11. #11
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    Just think about how many people today get all of their food directly from the grocery store aka commercial farming, as compared to the great depression era. If debt dries up there is no doubt things will get very ugly.
    I grew up hard so I guess that is why its beyond my comprehension why anyone would stake their lives on the system and not have a way to provide for themselves and their family.

  12. #12
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    There are some great videos on Youtube (Schiff, Stockman, others) that very rationally explain the debt/inflation problem. This started long ago, before Obama, but really accellerating now.

    Umfortunately it is almost certain to hit during the Trump era. We will then get a complete Dem-socialist government and then....... totally Argentina.

  13. #13
    Quote Originally Posted by Faroe View Post
    Agree. And, what is already produced won't get delivered. Trucking, trains, and commercial shipping all run on debt. Once there is NO food left in a certain area, NO amount of money is likely to fix that.

    Now, normally, I could say that there is ALWAYS some underground trade and some black market that will trade goods for gold, but with the level of violence coming, the amount of .gov surveillance, and how physically spread out this country is (and the sprawl of many American cities), I really don't know...this time, that part could be different. So, yeah. Keep a stash of food back for when there is NO food anywhere to be had. It really may come to that.
    I have the food laid back for the time, but the one thing I don't have yet is grain to grind for bread. Nor do I have a grinder that will work on electricity and also when the electricity is down. I know threads have been started on this. Can somebody throw a link or two out there from past posts to get me started? Thanks!
    No one ever rescues an old dog. They lay in a cage until they die. PLEASE save one. None of us wants to die cold and alone... --Dennis Olson

    Mo is my One.

  14. #14
    Quote Originally Posted by BadMedicine View Post
    water softener salt is still about $5. for 40# bag. Anyone who doesn't have 20+ bags of salt put by is overlooking one of the very basic necessities u there with water. You can salt-pork a lot of commies for that price. Salted meat will be a good trade item, or can keep you from having to venture far.
    Is it safe to pressure can with?
    No one ever rescues an old dog. They lay in a cage until they die. PLEASE save one. None of us wants to die cold and alone... --Dennis Olson

    Mo is my One.

  15. #15
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    Wondermill Junior might be an option - https://www.everythingkitchens.com/w...tachments.html

    Any current feedback on that one, or is Country Living still the best bet?
    The wonder of our time isn’t how angry we are at politics and politicians; it’s how little we’ve done about it. - Fran Porretto
    -http://bastionofliberty.blogspot.com/2016/10/a-wholly-rational-hatred.html

  16. #16
    Quote Originally Posted by Seeker22 View Post
    I have the food laid back for the time, but the one thing I don't have yet is grain to grind for bread. Nor do I have a grinder that will work on electricity and also when the electricity is down. I know threads have been started on this. Can somebody throw a link or two out there from past posts to get me started? Thanks!


    https://www.lehmans.com/images/popup/2844.jpg

    I have one much larger than the one above purchased at a flea market for about $100. I saw another one like mine this past August for $80.

    The local feed store sells bulk grains of all types suitable for feed. You probably have one nearby. Make sure you specify for feed rather than planting. The feed seeds are probably not organic and probably not as good for you as those in health food stores but the prices are comparatively dirt cheap.

    I have baked a lot of bread with my own grain. In fact I have grown and hand harvested wheat and barley for consumption. That is even better if you have the space and the ability.

  17. #17
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    Government spending like there is no tomorrow and needs to be curbed.

  18. #18
    How will Americans be able to pay property taxes? You KNOW they will still be collected and if not your property will be confiscated.
    The people of the United States are the rightful masters of both Congress and the Courts, not to overthrow the Constitution, but to overthrow the men who pervert the Constitution. Abraham Lincoln, 1859

  19. #19
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    Quote Originally Posted by Gercarson View Post
    How will Americans be able to pay property taxes? You KNOW they will still be collected and if not your property will be confiscated.
    If it actually gets to that point, they WON'T be collected.

    Property taxes are generally a county measure. Or maybe a city in some cases. By then, the cities will have no way to pay police. No police, who goes collecting? Volunteers?

    First few volunteers that don't come back, that plan will dry up fast.

    More to the point, confiscation? Who will do the confiscating? The same police that have since stopped collecting because they're not getting paid any more? The same volunteers who weren't coming back from property tax collection to begin with? If they're not going to survive collection you can be damn sure they're not going to survive confiscation.

    Look for this to happen again. (55 seconds, a scene from O Brother Where Art Thou in which a young lad explains just who he's to shoot)

    https://www.youtube.com/watch?v=twuiF2Ft8bk


  20. #20
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    Quote Originally Posted by Gercarson View Post
    How will Americans be able to pay property taxes? You KNOW they will still be collected and if not your property will be confiscated.
    Alternately, by that time, you'll likely be able to hand over one thin silver dime and say, there you go, my property taxes are paid in perpetuity because one tenth of an ounce of silver will probably be worth $14 million.

  21. #21
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    Quote Originally Posted by Blacknarwhal View Post
    Alternately, by that time, you'll likely be able to hand over one thin silver dime and say, there you go, my property taxes are paid in perpetuity because one tenth of an ounce of silver will probably be worth $14 million.
    Aren't you the optimist!
    Buckle up, boys and girls. This could get a bit rough.

    Gardening: the next great hobby!
    Got Seeds?
    - Tristan

  22. #22
    Quote Originally Posted by Blacknarwhal View Post
    Alternately, by that time, you'll likely be able to hand over one thin silver dime and say, there you go, my property taxes are paid in perpetuity because one tenth of an ounce of silver will probably be worth $14 million.
    Where does one find those thin silver dimes at THIS late date though?
    The people of the United States are the rightful masters of both Congress and the Courts, not to overthrow the Constitution, but to overthrow the men who pervert the Constitution. Abraham Lincoln, 1859

  23. #23
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    Quote Originally Posted by Tristan View Post
    Aren't you the optimist!
    Hey, all it'll take is a little Zimbabwe style hyperinflation.

    Oh, wait, you mean that they'll accept pre-payment! Yeah, I guess that's a little much. But they won't have much choice; they'll have to give you change, and there's no way they'll have change.

    Unless they hyperinflate the property taxes to match. Hm. Lotsa possibilities.

  24. #24
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    Quote Originally Posted by Gercarson View Post
    Where does one find those thin silver dimes at THIS late date though?
    eBay's still got quite a few. "Junk silver."

  25. #25
    Quote Originally Posted by Dozdoats View Post
    Wondermill Junior might be an option - https://www.everythingkitchens.com/w...tachments.html

    Any current feedback on that one, or is Country Living still the best bet?
    After looking at my options, I am down to Wondermill Junior basic kit got $169 or the Wondermill Junior Whisper for $219.95

    Is there much difference? I am going to need a manual mill that won't beat my shoulder off.

    Thanks Faroe about the feed grain at the feedstore. My next trip.
    Back to the thread.
    No one ever rescues an old dog. They lay in a cage until they die. PLEASE save one. None of us wants to die cold and alone... --Dennis Olson

    Mo is my One.

  26. #26
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    Quote Originally Posted by Blacknarwhal View Post
    Hey, all it'll take is a little Zimbabwe style hyperinflation.

    Oh, wait, you mean that they'll accept pre-payment! Yeah, I guess that's a little much. But they won't have much choice; they'll have to give you change, and there's no way they'll have change.

    Unless they hyperinflate the property taxes to match. Hm. Lotsa possibilities.
    The choice will be for the govt. to declare 'old' dimes null and void as currency and contraband; and (as you noted above) to raise property taxes commensurate with the inflation rate; so your old $1000 tax bill gets an extra set of 9 zeros... today. Next week, 12 extra zeros.

    Sleep well, friend!
    Buckle up, boys and girls. This could get a bit rough.

    Gardening: the next great hobby!
    Got Seeds?
    - Tristan

  27. #27
    To twist an oldy but a goody:

    'You can ignore mathematics.......you cannot ignore the consequences of ignoring mathematics'.

    Fiat, debt based, fractional reserve currencies all have the same parabolic arc in their fiery final gasps.
    pragmatic. eclectic. realistic. vivere paratus: fortune favors the prepared

    the BIBLE: Basic Instructions Before Leaving Earth! read it yourself. live it. love it.

    it is what it is.........but it will become what you make of it

  28. #28
    Quote Originally Posted by Seeker22 View Post
    Is it safe to pressure can with?
    I use bulk granulated livestock salt for everything except table use... and that exception only brcause we need the iodine in iodized salt. It does contain an "anti-caking agent", but I've used it in all my canning including pickles with perfect results.

    Summerthyme

  29. #29
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    Half the population will be gone?

    Doesn't half the population reside in cities?
    Proud Infidel...............and Cracker

    Member: Nowski Brigade

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  30. #30
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    Quote Originally Posted by Gercarson View Post
    How will Americans be able to pay property taxes? You KNOW they will still be collected and if not your property will be confiscated.
    Shoot the tax collector.....
    "America is at that awkward stage, to late to work within the system, but to early to shoot the bastards"-- Claire Wolfe

  31. #31
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    I don't think half the world's population will evaporate. But things will certainly get dicey and very very messy for a while.

    Though, I sure the "big money makers in the world" will somehow find a way to survive the coming chaos in grand style and come out on top. They always do.
    We have done so much, with so little, for so long....We can now do anything, with nothing, forever.

  32. #32
    Quote Originally Posted by Tristan View Post
    The choice will be for the govt. to declare 'old' dimes null and void as currency and contraband; and (as you noted above) to raise property taxes commensurate with the inflation rate; so your old $1000 tax bill gets an extra set of 9 zeros... today. Next week, 12 extra zeros.

    Sleep well, friend!
    Time to seriously consider exactly WHO the "government" is. How many people are there in "government" making those decisions to berserk your life? Consider too - why people sit quietly and ALLOW those very few people to run roughshod over our lives - we already pay OVER 50% of every dollar we earn in taxes (YES we DO!) - and all we do is grumble.
    The people of the United States are the rightful masters of both Congress and the Courts, not to overthrow the Constitution, but to overthrow the men who pervert the Constitution. Abraham Lincoln, 1859

  33. #33
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    Quote Originally Posted by Tristan View Post
    The choice will be for the govt. to declare 'old' dimes null and void as currency and contraband; and (as you noted above) to raise property taxes commensurate with the inflation rate; so your old $1000 tax bill gets an extra set of 9 zeros... today. Next week, 12 extra zeros.

    Sleep well, friend!
    Wouldn't want to be the unpaid gov't flunky who has to go telling property owners THAT bit of news.

  34. #34
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    Quote Originally Posted by Gercarson View Post
    Time to seriously consider exactly WHO the "government" is. How many people are there in "government" making those decisions to berserk your life? Consider too - why people sit quietly and ALLOW those very few people to run roughshod over our lives - we already pay OVER 50% of every dollar we earn in taxes (YES we DO!) - and all we do is grumble.
    Well, right now, they have guns. And prisons. And have filled those prisons with large angry gents who don't care about law and believe that your backside has uses they're interested in. So yes, we grumble.

    When they don't have the guns and prisons any more, that's when things change.

  35. #35
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    Hunter and Mannarino have been saying this for years. Unfortunately, people who once listened are tired of hearing this. To them Hunter and Mannarino have cried wolf to many times for to long.
    Patriotism is supporting your country all the time, and your government when it deserves it. - Mark Twain

  36. #36
    Quote Originally Posted by Tristan View Post
    The choice will be for the govt. to declare 'old' dimes null and void as currency and contraband; and (as you noted above) to raise property taxes commensurate with the inflation rate; so your old $1000 tax bill gets an extra set of 9 zeros... today. Next week, 12 extra zeros.

    Sleep well, friend!
    People were more law abiding back when gold got confiscated at $35/oz - most just turned it in like good little peons.
    "Null and void" could end up being a problem with junk silver, because then the coins might have to be refined again to be tradeable. I don't think it is that hard, but one would want to be set up and experienced with the process beforehand. The gov. will of course try to do what ever it wants, but having coins minted by other countries might help.

    Also, while I haven't tried it with an actual coin, a flat length of sterling silver can be hammered into a bangle bracelet. I own one that I wear every day. I made it. Rio Grande has jewelry making supplies and tools for that sort of thing. Might be worth getting into. (RG is owned by the Berkshire Hathaway guy, so you might on principle want to find another supplier...just say'in, but that is the one I've ordered from.) Modi's jackboots were reportedly taking gold jewelry right off the necks of women in India a few years ago, but that is pretty extreme. Nothing is perfect, but personal jewelry is another layer of protection against confiscation, and possibly theft. Lynette Zang has researched collapse history, and discusses diversification of one's physical metal holdings.

    Doz posted a link several weeks ago...IIRC, the business name was Bhati - anyway, chains of 22K as divisible prep money in the event of collapse.
    Way out of the budget for now, but I really want one.

  37. #37
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    Quote Originally Posted by Old Gray Mare View Post
    Hunter and Mannarino have been saying this for years. Unfortunately, people who once listened are tired of hearing this. To them Hunter and Mannarino have cried wolf to many times for to long.
    I almost can't stand to listen to Mannarino any more. Every word he says sounds like he's about to start sobbing.

  38. #38
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    A lot of people are now saying this or something close to it. But no one knows WHEN. Could be next month or it could hang together for another 10 years.

  39. #39
    Quote Originally Posted by Dozdoats View Post
    When CREDIT stops moving - EVERYTHING stops moving.

    The world runs on credit these days - there is no money.
    ^THIS. Whether a loaf of bread or a completely overpriced F350; everything is credit.

    And while the sentiment is interesting, all these countries print their own money. Since they can do that; are they ever really out of 'money'? Since it's all 1's and 0's now it's far easier to manipulate it for a very long time.
    Repeal the 15th
    Rewrite the 14th
    Molon Labe
    We Must Secure the Existance of Our People and a Future for White Children
    Make America Confederate Again

  40. #40
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    Quote Originally Posted by Seeker22 View Post
    After looking at my options, I am down to Wondermill Junior basic kit got $169 or the Wondermill Junior Whisper for $219.95

    Is there much difference? I am going to need a manual mill that won't beat my shoulder off.

    Thanks Faroe about the feed grain at the feedstore. My next trip.
    Back to the thread.
    Be careful to buy grain that is untreated. I'm not sure if they do this anymore, but sometimes grain that is to be planted is treated with mercury, and it is highly toxic.

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