By: Herman James
Gregory Mannarino discusses the growing instability in global markets, with spiking bond yields signaling trouble ahead. Mannarino highlights the central banks’ efforts to suppress rates and inflate the debt bubble, while insurance companies assume risky pension obligations amid questionable solvency. He warns that the banking system is burdened with record bad debt, threatening liquidity and possibly leading to financial institution failures. Mannarino stresses the importance of investing in tangible assets like gold and silver for wealth preservation, and urges people to understand the real economic driver: the debt market, not the stock market. He concludes with a stark warning, urging individuals to wake up and find reliable sources of information in navigating this increasingly precarious financial landscape.