Expert Trader Accuses U.S. Federal Reserve of Committing “Crime of the Century”🧐
As recession fears increase and criticisms of how the United States government and financial authorities are handling the impending economic crash continue to grow, one expert trader has made shocking accusations against the U.S. Federal Reserve. Specifically, Gregory Mannarino, a financial analyst, veteran trader, and creator of the Mannarino Market Risk Indicator (MMRI), has accused the Federal Reserve of committing a “crime of the century.” He made these claims during a conversation with Wall Street Silver’s Ivan Bayoukhi in a YouTube video streamed on August 31.
Elements of a Modern-Day Ponzi Scheme💸
According to Mannarino, the American Central Bank’s actions of engaging in a “new phase of money printing, cash creation, currency creation out of thin air” are tantamount to counterfeiting and resemble a classic Ponzi scheme. In his own words:
“We are in a full-blown liquidity crisis period, the freaking end… The Fed is involved in a crime, the crime of the century. Not only are they counterfeiting, but it’s a Ponzi scheme of the highest order. We need to bet against that system.”
Fighting Against the Ponzi Scheme🤺
Mannarino suggests that the best way to counteract the flood of cash injected into the stock market through mechanisms like currency devaluation and suppressed rates is by holding hard assets like gold and silver. He believes that these assets provide a safe haven amid the financial turmoil and instability caused by the Federal Reserve’s actions:
“This is how you bet against the system… you do it by holding hard assets. Gold and silver are constitutional money; we are guaranteed that in the U.S. Constitution. Nowhere is there a mention of a debt-based fiat system, and nowhere is there a mention of a digital system here. We are guaranteed that by law.”
Insights from Other Analysts on the Fed’s Policies📈
Greg Mannarino’s views are echoed by other notable figures in the financial world, such as Robert Kiyosaki, the bestselling author of ‘Rich Dad Poor Dad,’ who has previously criticized the Federal Reserve as a criminal organization. Kiyosaki has urged his followers to pay less attention to the Fed’s actions and instead focus on protecting themselves by investing in assets like gold, silver, and cryptocurrencies like Bitcoin.
“Sick and tired of hearing ‘experts’ ask ‘What is the Fed doing?’ The Fed is the problem… The Fed is a criminal organization. The Fed has destroyed the economy, made the poor and middle class poorer, and bailed out their rich banking friends.”
Kiyosaki emphasizes the importance of diversifying investments and holding assets that can withstand economic turmoil and inflation, aligning with Mannarino’s stance on protecting wealth against the Federal Reserve’s actions.
Economist Raises Concerns About Fed’s Policy Errors📉
Henrik Zeberg, an economist, has also expressed apprehensions regarding the Federal Reserve’s policy decisions, labeling them as significant errors that could lead to a severe recession. Zeberg’s analysis points to indicators reminiscent of those present before previous financial crises, suggesting a turbulent economic future if corrective actions are not taken.
It is essential to stay informed about these developments and consider alternative investment strategies to safeguard your financial well-being amidst the uncertainties created by the Federal Reserve’s policies.
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Hot Take: Safeguard Your Finances Amidst Economic Uncertainties🔒
As financial experts continue to express concerns about the Federal Reserve’s actions and their potential impact on the economy, it is crucial for investors like you to stay vigilant and explore alternative investment options to protect your assets. By diversifying your portfolio and considering investments in hard assets like gold, silver, and cryptocurrencies, you can mitigate the risks associated with the current financial landscape. Stay informed, stay proactive, and make informed decisions to secure your financial future.
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