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Gregory Mannarino
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I started my financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. I am an active trader of the capital markets. I have published several books pertaining to finance, global economics, and equity trading. My most recent book is... More
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  • With Regard To The Global Debt Crisis, The Alternative Is Too Horrible To Contemplate.

    It's a literal horror show, and YOU will play a starring role in the opening scene.

    We are now engaged in a seismic shift with regard to the world in which you live, and whether you like it or not you will personally face challenges which is the stuff of nightmares.

    The fact is you already exist in a world of make believe. In all respects an environment which should not even exist, and would not exist, if it were not for the mechanism of cash which must be borrowed into existence in greater and greater amounts to sustain the now.

    FACT: the current central bank created debt based economic model has allowed to manifest a population boom which is NOT sustainable.

    Have a look at the chart below.

    This chart should give you a visual on how US debt has exploded since being taken from a sound money system as outlined in the US Constitution Article 1 Section 10 which states:

    "No State shall coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts."

    A population nightmare.

    There is a direct correlation between debt and the population boom not just here in America, but this is a global phenomenon brought about by runaway central banks.

    Today as world governments struggle with debt, something which we have all heard IS NOT SUSTAINABLE, the main issue is this: without a sustainable debt, we cannot sustain the current population. It is for this reason why world central banks, none more so than the US Federal Reserve, must discover and even create more and more reasons to borrow cash into existence in greater amounts.

    Have you ever wondered why here in the US our policy makers cannot balance a budget or even cut spending? Or why they allow boarders to not be secured? Or wars to fester and prolong? Or expand social entitlement programs?

    All of this is simply the mechanism: find any and all reasons to continually borrow cash into existence, no matter how much it costs.

    On Jan. 20, 2009, the date of Obama's inauguration, the debt held by the public -- as accrued by Obama's predecessors -- stood at roughly $6.307 trillion and the total debt was about $10.6 trillion, according to the U.S. Department of the Treasury's "Debt to the Penny" calculator.

    Today total debt is $18.3 trillion and rising every second of every day.

    To put this into perspective, it took from the First Continental Congress, more than 240 years! To accumulate $10.6 trillion of US total debt-and just 6 years to almost double it.

    At this time world central banks are so desperate to keep the debt acquisition cycle in perpetuity going that they continue to suppress interest rates, (not allowing the free market to determine fair value), even going negative. Effectively turning the entire financial system upside down.

    The issue of exploding debt cannot be solved as the system demands the continual borrowing of cash into existence relentlessly and without end. We are fast approaching a time when this mechanism will overwhelm the system. Simply put once this happens, and the bubble in debt is cracking as evident with the Greek debt crisis, a horrible resource issue will ensue. Understand, the debt crisis is not simply a financial issue, it is resource problem. Without the ability to continually borrow/add to the ballooning debt for these resources, a mass population correction will manifest itself.

    Will you as a star in this horror show survive the current pan-global debt bubble?

    RELATED VIDEO. Click here: Time Out Live: Greg Manarino (2015-07-01)

    Jul 02 12:25 AM | Link | 3 Comments
  • No "All Clear" For This Stock Market, High Probability Of More Losses Coming.

    Are you thinking the worst is over for this market?

    Think again..

    Since I called the top of this market (almost to the day) near the end of May, click here: Proof That The Bull Market In Stocks Is Over, the Dow Jones Industrial Average has plunged nearly 700 points.

    Despite supposed good economic news, the money velocity remains at multi-decade low's as does the labor force participation rate, and without these two metrics moving higher the US economy is going no where. Moreover, without a catalyst this market is going lower.

    At this time all of the major indices remain under pressure.

    Today the global debt is at all time record highs and continues to climb. With no way to ever pay this epic debt back, without more stimulus in the form of artificially suppressing interest rates (as in more quantitative easing) out of the Federal Reserve and other world central banks, the free market is going to assert itself. What this means is asset prices across the board will find fair market value (the only "job" of the markets).

    With regard to the global debt crisis we have hit a critical mass, what that simply means is either:

    1) More bailouts/stimulus are coming to countries and providence's across the globe, (which will only exacerbate the already insurmountable debt issue), or

    2) The entire over-leveraged financial debt expansion in perpetuity system will collapse.

    What this means for stock markets around the world is the current pressure already building will continue to get worse, and we are not going to get just a 10 or 20% correction, but a major reset to fair value.

    At a minimum a 50% or more drop in the Dow Jones Industrial Average is coming...

    RELATED VIDEO, Click here: There Is NO WAY Out Of A Pan-Global Economic Collapse.

    Happy Trading!

    Jul 01 3:01 PM | Link | 7 Comments
  • Massively Over-Leveraged Global Debt Presents Opportunity.

    With the current focus building on the current GLOBAL debt crisis, all eyes on Greece and what will happen next, I think it's time to look at (NYSEARCA:GLD).

    Here is my basic logic with regard to GLD as a trade:

    1) If there is an actual Greek default-GLD rises.

    2) If there is some kind of new bailout-GLD rises.

    Here is the plain truth.

    No amount of further bailouts can stop or solve in any way the current global issues with regard to the massively over-leveraged debt crisis now enveloping the world.

    If you follow my work then you are very aware that I have been explaining how "Betting Against The Debt" by holding a hard asset over the long run* is the best "trade" on Earth.

    I have even gone a step further as well saying that, "People Need To Become Their Own Central Bank." Again attempting to push home the notion that this central bank paper scheme/debt expansion cycle is nearing it's inevitable end.

    Taking a closer look at GLD as a trade, have a look at this options statistics sheet below from today 6/30.

    Calls are being favored across the board with open interest at 2:1 respectively.

    Below is a 1.5 month (to date) chart segment of GLD.

    GLD is at support now, and I suspect that a breakout from this pattern is more likely than a breakdown.

    Now before you go "all in" with regard to any of this, keep in mind that we are dealing with probabilities which yes, seem to favor GLD trading higher, but anything can happen.

    *As for holding a hard asset over the long run, I believe that SILVER is the most undervalued asset on the planet at this time.

    Happy Trading!

    Jun 30 3:25 PM | Link | 5 Comments
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