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July 28, 2015

Gregory Mannarino - Proof 'Something Horrible Is Coming!' - Everything Is Going To Come Crashing Down On Our Heads

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By Susan Duclos - All News PipeLine

In the latest release from trader and stock expert Gregory Mannarino, we are told by both his video from July 27, 2015 and with charts and a detailed explanation on his Seeking Alpha blog that 'something horrible is coming.'

Mannarino asserts that it is a mathematical certainty, using China's latest actions as an example, that when a government or central bank attempt to "prop up" or "fix" a market using artificial means, it is doomed to fail.

Offering what he calls "absolute proof that governments do not fix problems, they only make them worse by intervening," Mannarino connects what we have been watching happen to China's stock market to the rigging and manipulation the Federal Reserve has been practicing, to offer the following conclusion:

The worst part of all this is the global debt crisis, of which we are in right now, also cannot be fixed by any intervention of central banks colluding with their governments. Further, a terrible price is going to be forced upon the citizenry of the world because of this action. The only job of the markets is to determine fair market value, and when governing bodies of any kind attempt to interfere with that mechanism only disaster will come from it.

In March 2015 John Crudele of NY Post reported "Stock market rigging is no longer a ‘conspiracy theory’," as he quoted Ed Yardeni, a longtime Wall Street guru "who isn’t one of the clowns of the bunch," as stating "“These markets are all rigged, and I don’t say that critically. I just say that factually,” he asserted on CNBC.

The "horrible" thing that is coming according to Mannarino is a "global financial meltdown."

Three more articles should be read to understand it is not just Mannarino, but others are seeing the same train bearing down on the global markets.

First,  American economist, Paul Craig Roberts, who served as an Assistant Secretary of the Treasury for Economic Policy in the Reagan administration, explained back in December 2014 that "Financial Market Manipulation Is The New Trend," asking if it can continue.

Then we move to The Economic Collapse website on which points to the DOW's 500 point plunge last week and stating "It was the biggest one week decline that we have seen so far in 2015, and some are suggesting that this could only be just the beginning."

Last but not least on July 27, 2015, Zero Hedge discusses the "Irony of Market Manipulation."

The bottom line  is the Federal Reserve and governments globally are running of ways to rig and manipulate the market, they are approaching a brick wall and when they hit it everything is going to come crashing down on our heads.




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