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.
