Gigantic Wealth Transfer Coming – Gregory Mannarino

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

The IMF calls Deutsche Bank (DB) the most “systemically dangerous” financial instruction in the world. So, when a major announcement about DB cutting stock trading around the world happens over the weekend, some think danger is popping up in the global financial sector again. Greg Mannarino, founder of TradersChoice.net, thinks this announcement could be a “trigger” for another financial calamity. Mannarino explains, “There is a breaking news story in regard to Deutsche Bank (DB) pulling out of their global equities, sales and trading. To me, in this environment right now, this is tremendous. . . . Why would any investment bank be pulling out of the global equity market . . . in an environment where every central bank and every single world leader is doing the same thing? They are calling for currency devaluation, calling for suppressed interest rates, price controls, and all of this is going to force cash into the markets. The fact that DB is saying hold on a minute, we are getting out, that should raise alarm bells. . . . Markets are at all-time record highs. You’ve got to put this together. Why would DB be doing this unless they believe we are at a top here. . . . Can you imagine the amount of trading that will be lost when DB says we are not going to be buying or selling global equities?   I am not saying the markets are going to sell off next week, but if people are not looking at this as a possible red flag, and I mean a big one, then they are missing the big picture here.”

Mannarino thinks the next market correction will be a big one, and the Fed stopped the last market freefall in 2008. Mannarino explains, “We do know that the Fed stepped in and stopped the last market meltdown at 6,000. Was that the bottom, was it Dow 3,000 or was it Dow 2,000? All we know is we get this environment where we get larger and larger swings here. Is DB telling us this is a market top? Maybe they are. I do know the greater the high, the greater the fall. I would not be surprised in a total market meltdown to drop below 6,000 (Dow). You don’t know where the real bottom is.”

Mannarino says the only thing you can count on in this economy is more debt being created. Mannarino says, “World central banks’ power exists in one thing, and that is their ability to issue debt. The more debt they issue, the stronger they become. So, they are loving this.”

Mannarino says the end game is simple, and that is “a gigantic wealth transfer effect. . . . The global central banks are going to create a massive, massive problem, and then they are going to offer a solution. It’s the same scenario over and over again.”

Mannarino says central banks are signaling “this is the time to buy gold and silver because they are telling you they are going to create debt and devalue global currencies.” Mannarino says, “Get out of their system and become your own central bank by getting hard assets like physical gold and silver.”

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

(To Donate to USAWatchdog.com Click Here)

After the Interview: 

All information and trading advice is totally free on TradersChoice.net.

Stay Connected
Comments
  1. Anthony Australia

    Things are really starting to heat up. The Australian Government is really going all out to boost the economy. This worked in 08 as we avoided the GFC, no recession in 26 years, this time I’m not so sure.

    • Rob

      The FED has purposely been pushing back cutting rates until this fall when the markets enter the most volatile time of the year. They need all their ammo for the last year up to the reelection of Trump. Father is using Trump to bring to pass what He promised was coming 2 days/2000 years after He sent His firstborn Son Jesus:

      Revelation 1:1 The Revelation of Jesus Christ, which God gave him to show unto his servants, even the things which must shortly come to pass: and he sent and signified it by his angel unto his servant John;
      2 Peter 3:8 But forget not this one thing, beloved, that one day is with the Lord as a thousand years, and a thousand years as one day.

      Father gave us a hidden timeline in Genesis chapters 1 and 2 that Peter was alluding to which proves we are in the morning of the 7th day when God will begin His rest but not until after the corporate body of lawlessness is exposed:

      https://sumofthyword.com/2017/01/18/the-mystery-of-lawlessness/

      And All Israel are grafted into His one olive tree:

      https://sumofthyword.com/2017/12/19/all-israel/

    • paul ...

      Anthony … Australia has been selling their gold … recently selling 4.1 tons of it … perhaps like Canada they have been ordered to sell their gold in order to keep the price down … hopefully Australian retail investors have not being fooled by the manipulators … Australians should take note that the Central banksters “have been accumulating gold while its price was kept down below $1350 over the last six(6) years … but now it seems (looking at the chart below) the banksters have finally filled their coffers … and are now in a position “to allow gold to be unleashed”!! … https://capitalistexploits.at/wp-content/uploads/2019/07/Screenshot-2019-07-04-15.23.02-1024×506.png

  2. Anthony Australia

    Wealth transfer or total annihilation of society. Wars drums beating loud for Iran,
    t really does look as though Israel is leading The US Government by their noses. *1984: West German intelligence sources claim that Iran’s production of a bomb “is entering its final stages.” US Senator Alan Cranston claims Iran is seven years away from making a weapon. 1992: Israeli parliamentarian Benjamin Netanyahu tells his colleagues that Iran is 3 to 5 years from being able to produce a nuclear weapon. — 1995: The New York Times reports that US and Israeli officials fear “Iran is much closer to producing nuclear weapons than previously thought” – less than five years away. Netanyahu claims the time frame is three to five years. 1996: Israeli Prime Minister Shimon Peres claims Iran will have nuclear weapons in four years. — 1998: Former Secretary of Defense Donald Rumsfeld claims Iran could build an ICBM capable of reaching the US within five years. — 1999: An Israeli military official claims that Iran will have a nuclear weapon within five years. — 2001: The Israeli Minister of Defence claims that Iran will be ready to launch a nuclear weapon in less than four years. — 2002: The CIA warns that the danger of nuclear weapons from Iran is higher than during the Cold War, because its missile capability has grown more quickly than expected since 2000 – putting it on par with North Korea. — 2003: A high-ranking Israeli military officer tells the Knesset that Iran will have the bomb by 2005 — 17 months away.

  3. DeciBel

    greg/gregory – many thanx for the comments…

  4. roberta

    hey greg, who do you believe, trump or greg m?

  5. Davina Marshall

    No one will ring a bell but I believe we are close to hitting the wall.
    Excellent presentation Gregs (plural).

    • paul jr.

      How many times have I heard that? Too many.

    • paul ...

      I think a bell is ringing loudly … as one-third (1/3) of the companies in the S&P 500 are currently “unprofitable” … but people won’t believe it … just like they won’t believe the Moon “rings like a bell” (and is just as “artificial” as the Stock Market)!!

  6. al

    No wonder you uploaded later on in the day. Today the DB news came out. WOW!
    All I can say is WOW!!! Thank you for this ground breaking interview Greg!

    I follow Mannarino and what he is saying is what he has been warning about.

    Again I see stupid moronic people around me who can’t put one sentence together make insane amounts of money on real estate flips, which reminds me of 2007-8 all over again!
    Whatever is bubbling now will burst very soon.

    Trump keeps pointing to Powell saying he doesn’t know what he is doing. Trump is setting the stage for the crash and will put the blame on the Fed.

    I never ever prayed for a President before in my life! I now often find myself praying for Trump’s health and security. He’s a good Man backed up by very powerful people. If I was the DeepState I would be very worried.

    I don’t do links but this guy succinctly points to all of Trump’s accomplishments in one fast paced 45 min video. Interestingly enough I can’t get it on my youtube app… hmmm…

    https://www.youtube.com/watch?v=3DJK_kGlYR4

  7. Walter Baumgarten

    Wow Greg & Greg, Greg Mannarino’s last statement was absolutely over the top! I have been around for 6-1/2 decades and I have achieved many wonderful things when I was blessed enough to be able to work together with other motived souls towards a common goal. I have never really achieved anything when I had to fight against my fellow man for whatever reason. When we fight one another we can only hope to not be destroyed and we can never expect to advance anything good. Jesus Christ probably advocated working together as the only way to go because it is the only way that works in the end. His Father and ours sent Him to convey this Truth to us. It is a sad shame that more have not listened to Them!

  8. john

    GREGx2,

    The forces of deflation are gathering – all assets – housing, stocks, bonds and perhaps even the metals. IMHO – we are heading to a new global system once we breach 0% rates here in the US- backed with gold, block chain technology and a return to increasing rates to attract capital. Negative rates will destroy capital.

    • paul ...

      Block chain technology is “spy technology of the highest order” … it traces and keeps a written record of every economic transaction you make … physical gold (and silver) “defeats this high end spy technology” … and provides people their Constitutional right to “complete economic privacy”!!

      • john

        Yeah, yeah, yeah and when you buy/sell gold it is recorded as well – so there goes your Constitutional privacy on that transaction. Gold is going to eventually return in some form to the international banking system but not to “complete economic privacy” but rather to bring honesty back into trade between nations – block chain is going to track that gold/currency transaction between countries on a global scale. The “relic” will anchor currencies but it will not be for some Constitutional mandate as the rest of the world does not follow it.

        • paul ...

          John … here is how it works … you as an individual buy gold with cash … and later when the need arises you barter your gold for what you want (in complete privacy) … the banksters understand this … and that is why they want to get rid of cash (to take away your economic privacy) and force you to use bank checks, bank credit cards, crypto, etc., etc.!!!

  9. Jimm

    Connecting more dots…well maybe.
    DB news correlating with the Epstein indictment. Coincidence? Consider money laundering of the elite, their controlled puppets, and that all roads lead to DB. Could it be that this action by DB is being carried out as a way of covering up something much bigger than a default? Think in a nefarious manner and this story may be bigger than what we perceive.
    Excellent interview! Keep digging. Hosea 4:6!

    • paul ...

      The power center of evil (DB) is being systematically shut down by the forces of good … the forces of evil “need a war” to help cover up all their misdeeds … the neocon plan is to force Iran to shut down the Strait of Hormuz … so crude oil prices will skyrocket into the stratosphere … putting the global economy into deep recession … from which banksters “will gain the ability to print infinite amounts of paper money” to not only bail them out of their debt problems … but to give them even greater power to do more evil in the future … luckily so far the Iranians have not complied with the neocons plans … but the Iranians have stated in no uncertain terms … “that they will not allow the countries stopping them from exporting their oil … to export their own” … understand the Iranian threat … they are not just talking about retaliating against economic sanctions by choking off the the West’s “oil shipping lanes” … they are talking about “stopping the West from getting oil” … so if the neocons continue with their economic and physical attack upon Iran’s oil shipments … Iran’s target will not be the Strait of Hormuz … but shutting down Saudi Arabia (with missile attacks against not only Saudi oil wells but Saudi oil processing facilities) … so what do we ordinary people need to do as this fuse is lit by the neocons?? … we need to buy “physical gold coins” as insurance protection against such a likely possibility of war that will put the global economy into deep recession … and I’m not talking about buying gold mining companies … “that can go bankrupt if oil prices skyrocket to $350 to $1000 dollars per barrel” … especially if the banksters continue to keep their foot on golds neck (trying to prevent it from rising and stealing their thunder)!!

    • Jimm

      Bingo!

      https://www.zerohedge.com/news/2019-07-11/epsteins-elite-wall-street-ties-revealed-filing

      From the article:
      Deutsche Bank, meanwhile, severed ties with Epstein earlier this year – right as federal prosecutors were preparing to charge him with operating a sex-trafficking ring of underage girls out of his sprawling homes in Manhattan and Palm Beach, according to Bloomberg, citing a person familiar with the situation. It is unknown how much money was involved or how long Epstein had been a client.

  10. Dan

    Greg,
    Assuming we all purchase a few monster boxes of silver eagles. Silver goes up to $1,000 per ounce and each box of 500 ounces is now worth $500,000. Specifically how does one trade this for a property worth $500,000. Since the dollar will be useless, how will we convert silver so a real estate transaction can “legally” take place? Title agencies and/or banks will not accept cash or precious metals. It would be great to have a few million in silver and gold but how does one make legal transactions? I honestly don’t get it. Other than having to find properties to trade or barter. Please explain Greg. Thank you.

    • Tommy

      You’re putting too negative of a spin on this. Just buy pm, mre’s, bottled water and build a concrete bunker in your back yard and you’ll be fine.

    • Montana Guy

      Dan, your concerns are valid as are your questions. And what if title searches can not be accomplished and/or the registry of deeds is closed? I surely don’t have the answers.

      Another possible consideration is that many folks might be very motivated to trade a monster box of Silver American Eagles for a #10 can of Mountain House freeze dried food.

    • andyb

      Dan: Gold and silver both will increase dramatically once a reset begins, but will be useless until a new monetary system is formed. I figure it will take at least 6 months. Meanwhile cash will still work although it may be highly devalued and your grocery dollar could be worth far less. Thus have resources to last 6 months. The worst case scenario is that your resources will not last 6 months. Then your option is to raise cash by selling some of your PM stash to the nearest refinery which will most likely be open 24/7. A new currency will have to be gold based so your PMs will pay off once this new system is implemented.

    • paul ...

      Dan … you say: “Title agencies and/or banks will not accept cash or precious metals” … expand your thinking a bit … but why can’t a farmer take a few monster boxes of silver “under the table” for a plot of his land?? … he can simply tell the Title agency and the banks he sold you some land “at a significant loss” … and then … just like a crooked bankster … even file a capital loss tax deduction with IRS!

    • William Stanley

      Dan,
      1. To my knowledge, it’s not unlawful to trade real estate for PMs (or anything else).
      2. I know of no law that prevents title agencies from accepting PMs (maybe you do). In any event, real estate can be traded without benefit of title insurance.
      3. I don’t understand your assertion that banks won’t accept cash — especially if you have an established account. If cash were actually worthless, wouldn’t it be worth an infinite amount in cash? I don’t see how $500,000 silver implies that banks won’t accept cash. And since gold can be “legally” used as tier one capital, I don’t see why banks wouldn’t accept it. Don’t they buy it now? Please explain.
      4. Cigarettes, bullets, and (presently in US prisons) foil packets of mackerel have been or are accepted as money. So has silver and gold. Why not in the future?
      5. Laws can be changed if government is functioning. If it isn’t . . . people usually find a way.

      • William Stanley

        RE: “If cash were actually worthless, wouldn’t it be worth an infinite amount in cash?”
        Correction: If cash were actually worthless, wouldn’t SILVER be worth an infinite amount in cash?

      • wondrouscat

        People can do their own title search, all the records are public.

    • SilverHawk

      Dan said ” Since the dollar will be useless, how will we convert silver so a real estate transaction can “legally” take place?”

      The banks will accept gold and silver to buy real estate. And of course a few wheelbarrels full of $100 bills will also work. This will allow the remaining banks to accumulate gold and silver, like JPM has been doing the last few years. The banks will need to do this or they will go bankRUPT.

      Dan said “Title agencies and/or banks will not accept cash or precious metals.”

      Who told you that lie? Maybe not today, but the will someday.

      P.S. I watched a documentary on JP Morgan, and it’s amazing the similarities between him and Warren Buffet!

  11. Beverly Jenkins

    Do you suppose the transfer of wealth will be the exact opposite? It is the banks WW that have been stealing from the people…so a WW default to the banks, total confiscation of all their assets (which would include derivatives, gold, silver etc) Each country create a asset backed currency and an exchange rate on the old fiat currency? His executive order to confiscate will also apply to many of the corrupt elite to add to the US coffers for this program…with only 320 million people, I don’t see where the American people will be destitute–in fact it may well be the opposite. Just thinking.

    • Bill the Cat

      I expect that credit will be difficult to impossible to get. I expect that companies would be very happy to accept precious metals as payment.

    • iwitness02

      Beverly Jenkins,
      In my mind, justice would equal prosperity, for the people.
      I have never seen any real justice, and I have never seen real prosperity.
      Having been robbed all of our lives under the color of law, prosperity has been a fairy tale. (for the masses) Maybe with the arrest of Epstein, this will open the door to justice for all. It really galls me, to see these bass turds get away with their crimes. From Ruby Ridge, Waco, Oklahoma City, New York World trade center, plus building seven. The Bundy affair and the death of Lavoy Finicum. Wars, riots, theft on the grandest scale, accompanied by never ending lies. Oh! that information is classified. Covering up evidence all along the way.
      It is going to be a long road, IMO, to achieve prosperity for the people. But it is fun to think about. If we could just get past the evil…….

      • iwitness02

        Oops. Don’t want to overlook the evidence destroyed at the Pentagon.
        But in the mean time, don’t get caught jay walking. You and I, would do hard time for such a misadventure. And no doubt, pay a hefty fine. This is what the bass turds call justice. I call it a hideous arrangement.

        • iwitness02

          Doing hard time was meant as sarcasm. But also as an illustration of the absurdity of the world we live in.

          • paul ...

            But there is hope Iwitness02 … just as Trump can sign an Executive Order to ask if we are US citizens on the census forms … he can sign an Executive Order “to break the chains on the CPI” and give all Americans a 10% cost of living increase this year … which will not only get the economy moving but increase his chances of being elected even more!!

            • iwitness02

              Thanks paul… that too, is fun to think about.

      • William Stanley

        iwitness02,
        Finicum was a pretty good novelist. If you haven’t read it already, you might enjoy his novel, “Only By Blood and Suffering: Regaining Lost Freedom – A Novel”

        • iwitness02

          Thank you William, I will make it a point to obtain that book. In my view, Finicum was a good and honorable man. A huge heart, and a lot of courage.

      • Montana Guy

        iwitness01, I hear you. I have friends who felt the wrath of FedGov in some of those events. Think Balkanization. Think of an ‘Estonia’ but with God-fearing people and large enough to defend itself.

        You are absolutely correct, “It is going to be a long road”. Between break-up and a system of justice could take a few years. Think self-reliance. Every family will need ‘a tribe’. Don’t be Tommy dying in a bunker with a few MRE’s and gold.

        Folks know chaos is likely, especially on sites like this. Why are they (especially parents and grandparents!) obsessed with protecting wealth and yet have little interest in long-term survival?

        • iwitness02

          Montana Guy, I think faith plays a part. Faith that things will really change. They may not believe that anything will change noticeably in their lifetime. Without that belief, there is not much motivation to address all the possibilities. In my mind, either you believe, or you don’t. If you do believe that change is coming, you take any and all actions that you can.
          If not, you do not. If one can not foresee any trouble, then one does nothing. It is easier to do nothing. But it doesn’t pay well.

    • William Stanley

      Beverly,
      The transfer of wealth is ongoing. My take is that Mr. Mannarino was referring to a situation where present arrangements continue for awhile.
      Nevertheless, I find it hard to imagine that any major change in the structure of finance and the economy that ends the corrupt status quo would not cause immense disruption, unemployment and misery for most people in the short and medium terms.

      • William Stanley

        Clarification: It’s the ABRUPTNESS of the change that causes much of the damage because it takes time to adjust all of financial and economic flows of money and goods and services.

  12. Ranger

    Derivatives are Financial Weapons of Disaster. Buffet knows.
    After centuries of nations destroyed by Central Bankers, we still have not learned and REFUSE to understand that private banks should NEVER be allowed to issue currency or create deposits. We continue day in and day out discussing, arguing, debating, commenting, and complaining about the symptoms of what the Central Bankers cause.
    Yet, not a soul marching in front of the Eccles Building where all the treachery and woes of the nation originate. When Ron Paul gets called in for breakfast and leaves basically removing himself from candidacy for President, it pretty much shows who controls things.
    The killing blow will be when the world bankers make the decision to no longer entertain this ponzi scheme of fractional reserve lending, since they’ve drained the country of all assets, and ends America’s World Reserve Currency status.
    That will be it. No more $300,000+ homes, $40,000 cars for the the people making $50,000 a year. The credit ride of future payments for fun today will stop faster than a car into a concrete wall at 100 mph.
    End the Federal Reserve and all the woes of the nation end. Sadly, the masses are far too dumb to even understand who they are or what they do.

    • Mungo

      I’m with Beverly. Just how and where are we suppose to convert out gold and silver into food, clothes, land, etc? I have just 2 local places that buy and sell precious metals. They will hardly be able to cash out gold at $10K per ounce.

      • William Stanley

        Mungo,
        You have two places that buy AND sell gold. When they SELL gold at $10,000 an ounce they will get $10,000. That gives them the cash to BUY gold at $10,000 per ounce (minus a commission). They are in the business of facilitating/mediating the trade of gold for dollars and vice versa.
        Gold will not sell for $10,000 per ounce if no one is willing to buy it at $10,000 per ounce (ignoring the commissions).

      • Uncommon Sense

        How’s research on those 9/11 tremors going?

        • Uncommon Sense

          Anyone that believes the twin towers fell down because of earth tremors needs their head reading by a psychiatrist so I wouldn’t read too much into your gold speculations.

          • Frederick

            I have to agree with that We all know it wasn’t tremors Uncommon

      • uncommon sense

        Greg, this is the person that accused me of being unscientific and then gave out a load of BS about building 7 collapsing due to earth tremors. Why did you delete my comment? This person is clearly an establishment shill.

        • Greg Hunter

          Post it again. Maybe it was deleted by accident.

  13. pat the rat

    Was on the thruway yesterday and the number of big trucks was very low, 6 maybe 7 trucks in the 30 miles we drove, not good ,not good ,not good!!!

    • paul jr.

      Why? I never see a lot of big trucks on the highway on the weekends, which is good, very good.

      • William Stanley

        paul jr.
        Freight volumes have been dropping for over a year:
        https://www.cassinfo.com/hubfs/Cass Freight Index Report – April 2019.pdf?hsCtaTracking=5fde9be4-1dd0-462f-8c5f-b100aca52fc1|0990f099-885d-442a-972a-aeb259c5a188

        • William Stanley

          paul jr.,
          Sorry, it looks like that link didn’t work. I’ll leave to you to look up the data.

  14. Jodyp

    People “borrowing from their credit cards”? After a lifetime of binge buying on money they never had, gonna be hard to face reality.

  15. brvalentine

    Nice job guys!

  16. Stan

    The good news keeps rolling in for Deutsche Bank! Hope y’all went long when I told you to 🙂

    • jim

      Hay Stan , Could you do some investing for me , I have a lot of money I want to get rid of.

    • Sir Manly Robinson

      after their restructuring they will be a lean mean fighting machine. Stan looks like you called it.