The Fed’s New Feudal System Will Wipe Out the Middle Class, Warns Greg Mannarino (Part 2/2)

Stansberry Research, Released on 7/10/23

For Part 1 of this interview, CLICK HERE

“We are existing in an environment of lies, upside-down, backward, and sideways, where nothing makes sense,” says Greg Mannarino, founder of and financial strategist, in the second part of our interview. He stresses that people should remain skeptical of what the Federal Reserve is telling them because “the polar opposite is true.” Mannarino sees de-dollarization as a real risk and warns that that “America is on borrowed time and the current system is in free-fall.” He argues that the U.S. has had the privilege of having the world reserve currency for many years, which has “allowed the U.S. to live a lifestyle that it’s not entitled to” due to its ability to impact inflation around the world. Mannarino concludes that the Fed is trying to establish “a new feudal system” that wipes out the middle class. “Things are changing very very rapidly,” he warns.

00:00 FedNow
3:00 Banks consolidation
7:22 De-dollarization
12:18 Politics and climate change
13:34 Greg’s final thoughts

Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieutenant. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading. Gregory currently hosts a business day “MarketReport” on YouTube. You can find out more about what he offers at his website

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