In the video below I discuss why now more than any other time, you must become your own central bank and be betting against the debt bubble!
Do not miss this one.
Gregory Mannarino @marketreport
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My favourite sentence of you: "Become your own Central Bank."
Best advice ever! I did a long time ago :-)
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People should get out of debt too, and do not use debt in the future. That will bleed the banks to death even more quickly. Mortgages should be the only exception, and even then people should try to avoid them.
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You can "probly" almost just stop paying on unsecured loans like credit crads. I doubt Capital One will get to you before they collapse. Right now COF stock is like the rest of the banks...they have the "freedom fighters!" who are all about the cryptos wanting the banks to all go defunct. But right now Greg is still kicking crypto asses via keeping his XLF long open. Enough is enough Greg! Close the XLF trade so that the banks can drop and bitcoin can rally! That's my "unique" take on things anyway. If you bought any of the other "popular" cryptos like EOS (like for instance you bought Dollar Vigilante's spew that he was going to go buy some as soon as he banked enough chachingo on your upvotes)...which drove the masses in at higher prices like EOS 1.85 where old Jeffey Boy said to buy.. You "might be" a tad more desperate for Greg to close the XLF trade out. I like the way you are handling it, Greg. :-) For the record, EOS buyers now only down about 10% since Jeff berwick's "enticement" spew on Fri I guess it was. Greg now up almost 20% on his XLF trade...still. Who are you rooting for, @finnian? Greg, or Dollar Vigilante? :O I don't spot any "collusion" betwixt Greg and Jeff. Bitcoin still on a collison course with sub $2400 by tomorrow tho. ...unless Greg closes his XLF trade it "looks like" ...for today :-)
http://bitcointicker.co
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I don't trade. I buy and hold. I do not care if someone may or may not be talking their book. To me such things do not matter. I have lots of baskets and do not put myself in situations where I might be stressed out. Are you stressed out?
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I was, but since I have been taking collodial silver it definitely helps balance out my short trades in silver itself. I will never resort to doing coffee enemas like Jeff berwick does at bitcoin buying opportunites tho. That's based on what he was doing when bitcoin traded to $1880 just before Memeorial day 2 days after he was "WoooHoooin!!" the high for that Th going into Memorial day up there at $2700+ at the time. Jeff is actually tryingto generate another 30% loss from an 'actual" Bitcoin buy call at $2020. I outlined that at my blog. I think he can do it but since you bought in what...2013?...I'm sure you wouldn't shit your pants unless Bitcoin saw maybe $750? :-)
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I do not own any BTC. You've mentioned one webpage and now your blog. Is there anything else you'd like to include?
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Yes. Thank you for axin. The person who upvotes this partickler spew to $20+ U.S. dollars receives a complimentary bottle of ripple from me. I'm sure you already own ripple, the "lively" alternative for crypto believers who will continue to HODL, yet be too skeeerd to "buy the pullback!" in ANY of the BTC alternatives. Ripple actually winks back at you. Find me another crypto that does that.
Not sure how many times I have wreck-o-mended ripple...but you wait...you'll be glad you had some on hand one day.
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I've loved this back and forth, thanks. No, I do not own any XRP, but I plan to buy some in the near future!
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I really appreciate you driving home the fact that it doesn't matter where the market goes, we're going to keep on capitalizing on it and use those profits to invest in hard assets for the long term. Great video Greg! Re-Steemed
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I have been buying silver with every paycheck. Nibbling at Bitcoin and a few other cryptos too. The yield curve is screaming a pending crash.
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Silver the cheapest hard asset today. Buy silver. They can not let interest rates go higher with the amount of debt the government has.
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They can offer 50/100 years bond to kick the can further down the road.
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But is gold the softest of the "cheap" assets? Or simply the hardest one to trade in order to "try" and get even on any buys you made in say Aug 2016? That wasn't too long ago btw. :-)
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I am not a trader in silver or gold. I invest in them to keep my wealth. If you look at the long term from the start of the FED in 1913 you will see gold and silver much better value then the US$.
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I ass-oom you define wealth as the total value of your assets? Silver and gold are and "will be" declining assets for quite awhile yet. My "conservative" guesstimate is that values of both will be cut in half at least once from current levels. Silver has an outside shot at getting cut in half twice. Gold? ...ehhhh...maybe. Also, I don't care about the past, only the future. And if the value of the dollar is down THAT much since 2013 then yes! ...of course I'm interested in owning it. Who wouldn't be? :O
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Good advice, thanks. Been accumulating small amounts of silver and cryptos as I can.
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Thanks For Shared your Post @marketreport I need This
Just To Upvote You and wait your next post
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i think every businessman must watch this
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I would extend it to anyone not just business people.
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I agree, and every high school kid too.
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How can some of them understand it when they can't listen, read or comprehend what is being told to them?
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Thanks for the share fed always change its decision so quickly the market always reacted late.
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It's become a rotational flow of money to continue to keep the market propped up. Oil will be next after financials.
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Thanks! Upvoted man!
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Resteemed
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No better advice!
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I took your advice, on being your own central banker, the first time I heard you say it. Even though silver prices have been going down, I have picked up some sweet deals, on .999 coins. Thanks again, Gregory.
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Please keep the info, on Cryptos, blockchain, etc..., coming in. I am slowly starting to understand it. But, I am having trouble trying to explain it to friends & family. I tell them to google blockchain, that I can't, really, explain it, but it is very important, Thanks again, Gregory.
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You have lots of time. First the "manipulators" need to be driven out of the open markets that trade bitcoin (and others) so that the speculation is gone. Bitcoin is working towards doing that right now I believe. You have plenty of time. Retailers are actually fleeing from accepting bitcoin right now for the reason that there is no way the processors that do the conversion to U.S. dollars (for retail customers) can make money becuz of the wide "specualtive" price swings of Bitcoin. Your friends aren't going to get rich here in the next 6 months posting spews....so why "force" the issue and keep hounding them to do something they have no interest in?
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Great Subject Matter concerning the Federal Reserve...
Now, it's a must for you to go to my recent post, titled...
"BACKED BY COMMON COINAGE"... Please Resteem...
@pocketechange
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It's so hard to make a difference when my posts get lost in the crowd...
My words need to be resteemed, over and over and over again... And
it's not for my personal gain... I'll probably only make a few more cents
on a post that should be worth a fortune... In fact, I'm going there now to
give myself an additional 3 cents... lol...
@pocketechange
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I bought a 10 oz bar of silver. Now I have over 300 oz total. I'm slowly working towards banker status. It's probably going take a while.
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Very true...but maybe not as much time as you think. If the bankers actually do jump because the bank stocks are all on the brink of blowing up I would imagine silver will be at about $8/oz? So a long term silver holder wouldn't be jumping yet. When the banks actually do file for bankruptcy (or govmint receivorship)...THEN people who have been ave down since silver $20 will crap their pants. I'll be there for everyone. I just want you guys to know this upfront.
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if it drops to $8 I'll buy a bunch of silver. I can't imagine that'll happen
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I doubt any other stackers see silver at $8 either so you are certainly amongst people who think the same way as you do. If it turns out that silver does see $8 then don't attack people who told you it would see $30 first. I'll do the attacking for you. You can simply spend your time "consoling" anyone who is in the same situation with silver as you. You peeps are going to need each other. :-)
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Attack? Why would I do that? That's not nice. I don't look at silver as an investment. I look at it as savings. Keeping money in the bank isn't going to end well. Look at those people in Greece. I got a long time to go before retirement. But, when I get there, I'll have something to sell.
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Well, Greece is not the U.S....and neither is China nor the banksters who control the entire Eurozone >>> Germany. So that argument you are making is "invalid" based on false premise. :-) And yes, it is not nice to attack becuase it is you who ultimately made your own decisions to follow someone who led you astray. It's already happening within the gold and silver sector. "Believers" are attacking teh very "gurus" they trusted to have had it right when prices of both gold and silver were higher. That's human nature. Tis why I began a blog here at steemit to track the poster boy for the coming crypto apocalypse >>> Dollar Vigilante Jeff Berwick. I'll take care of the charlatans. :-)
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I disagree with you, thus your argument is invalid. is that how we play this game? If you have it all figured out, why aren't you out changing the world, instead of trying to change my mind? I'm nobody. Go to Wall Street and set them straight. I'm sure they'll champion your message.
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Doubtful anyone will champion my message as my message is one that is "rare" amongst teh masses. For instance, when I tell you that Apple Computer stock will one day trade below $20 (now at $150+) you will think I am nutso! Lunatics like me do not change sentiment of the masses. All I can do is trade off the sentiment of the masses. And yes, your comparison of the future situation in the U.S. being similar to what happened in Greece is "invalid." Greece was taken advantage of by the Eurozone money runners. Noooobody takes advantage of the U.S. We packaged the bag of shit that brought Greece down and sold it to the Eurozone nations a looong time ago. They are STILL trying to figger out how to fix it. You wait and see where they all come running for "safety" when the shit bag explodes and the shit hits the fan. You will truly be "shocked!!" :O
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You spoke the truth with wisdom and knowledge of the facts, and thank you for all the info and we upvoted
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Hi Greg, informative video as always brother. Appreciate you staying on top of everything the way you do. Becoming your own CENTRAL BANK should be a lifestyle right now. God knows your $$ in the bank is getting NO INTEREST. Buy GOLD...Buy SILVER especially. STACK>>>STACK>>>AND THEN>>>STACK some more!! Upvoted. :C)
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thanks Greg - things are pretty crazy. I have my metals but I have cash to be allocated. It's tough to go into a stock market like this, but I keep thinking of what Marc Faber says to be diversified into a few asset classes. I would like to buy real estate but it is in nose bleed territory and i really can't afford anything. I keep looking for a buying opportunity or a property that makes sense in this area of Colorado. Meanwhile I am trying to start my own web business to make some money. You sure do know what you are talking about when it comes to the market. I am fortunate in that I have a boyfriend who grows the very best organic food which keeps us healthy. We preserve it for the winter too. and that will help with the rising food bills and protect us from the increasingly toxic environment that we are living in.Without health what is there?
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This is the once in a lifetime to get into an asset so undervalued, Gre g has been yelling this from the rooftop for a while now. Times running out.
The prices are a steal!
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Dollar demise coming.
I like PM as it gets crushed everyday.
Thanl you for the video.
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Thank you for the update
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bank on yourself and not others.. silver and gold
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Once again, great stuff in your video. I am glad that i have started getting out of the USD. Cryptos and PM are the way to go.
Fed is leading us the wrong way!
Still watching for the next move,
Thanks.
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Thanks Gregory!
I keep stacking and I've dabbled into the crypto sector... but I think I'm running out of time...
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Yes, bet against the debt.
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Gold and Silver have been fighting the good fight since 1971, it's nice to get some help from the Cryptos. Hopefully, together, we can finally kick the Fed out into the street!
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We, the sheeple, make money which is actually not ment for us? It is supposed to go to the banks and hedge funds who are helping us.
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Greg, you're great and thanks for the update.
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Greg, the thing I really love about your videos is you have information for both the active traders & the rest of us. Your updates on gold, silver & cryptos are so valuable for all of us....thank you so much.
As I try to educate my friends to the truth about "money" I have hijacked your statement "become your own bank"....I get some really funny looks but its true.
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Become your own central bank, rip the face off the debt and the Fed!
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The dollar keeps going down.
At least the stocks are getting stronger.
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Thanks Greg, great video.
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ya sir i have also join a new central bank...as a home gaurd..i wish my first day have a nice....
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Upvoted & Re-steeming as always.
This is awesome stuff.
Be our own CB!!
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Thanks very much for the warning, Greg @marketreport. I've upvoted and resteemed it.
Would appreciate your help on the following......I can fully understand why we need to become our own central bank but other than acquiring physical gold and silver, HOW else can I become my own central bank ?
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Good on you for the reminder to watch on steem. I'd suggest a link on your youtube vid. one click and boom...vid here plays. or not lol
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BYOCB! Thanks Greg.
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Greg who regulates the regulators anyone surely they can't turn a blind eye forever. Great video cheers mike
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I dont pay interest dont have a mortgage ;-)
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I see the law of diminishing marginal returns taking over here. For one thing, rising rates and inflation are not good for stocks because input costs rise for corporations as well. And secondly, I see what happened to volatility as a harbinger of what is to come. Look at the turn around - http://www.cboe.com/products/vix-index-volatility/vix-options-and-futures/vix-futures
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I took this "free" advice long ago from you. Way before steemit. I haven't looked back. It was some of the best advice anyone in my life ever gave me. Thanks for that. Now I'm here with you on steemit doing the same in a different fashion. Diversifying ..... more good advice you gave me long ago.
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Great advice, especially with the IMF Christine Lagarde saying they will be moving their Head Quarters to Beijing!
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This post has been ranked within the top 25 most undervalued posts in the second half of Jul 25. We estimate that this post is undervalued by $23.93 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jul 25 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
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meep
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I have just entered crypto currency. Maybe I will look and silver and gold later.
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Stack some
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Fresh doubt as to whether or not all the BTC developers will get on board with the 2 mb block size, contributing to most cryptos falling since BTC is on the other side of many coin swaps
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Thanks Greg!
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* Gold and Silver will be manipulated down. . . . . . . . . . . . . Buy Gold @ $800 ... Buy Silver @ $10
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thank you for sharing
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