Analyst Gregory Mannarino is worried about the out of control debt in America. Mannarino says, “The United States is already in technical default regarding its debt because if it were not for the Fed buying all this debt, we’d be in actual default, which is coming.” When the bond market bubble blows up, Mannarino thinks, “People are going to be destroyed here—destroyed from a financial standpoint.” It is an official “open ended” policy for the Fed to buy $85 billion in debt each and every month. Mannarino says, “This is a very dangerous game the Fed is playing. It is very scary. They are creating a greater and greater imbalance between the supply and demand for the U.S. dollar. . . . Inflation is starting to kick in, and it’s just the beginning.” Join Greg Hunter as he goes One-on-One with Gregory Mannarino from TradersChoice.net.
Greg is the producer and creator of 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. 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.