Comments

Episode-973- Gregory Mannarino on the Coming Economic Collapse — 41 Comments

  1. Does Greg have an email address? I didnt see any contact info on his site. I have been following him for a few weeks now and Im glad you brought him on Jack. I still think it would great to hear a show about business prepping and how companies can have assets etc.

      • Rob, do whatever you have to do to be able to access YouTube. Without it, I’d never have known the truth of what’s going on in this country, because we’re sure not going to hear it from the MSM.

        • Thanks Jamie, I can access youtube, I just cant reply for some reason. When I get more time I will figure it out though! I know what you mean about the truth factor.

  2. I have subscribed to Greg lately and I really look forward to his youtube updates. He makes it so anyone can understand them. very good guy.

  3. Been a daily follower of Greg. He has great insight and the books are priceless. His utube blog today is why I am here.

    • I think he is completely full of shit, currently cash only accounts for 3% of all of the M3, nuff said.

      • What about the part that the Treasury has stopped printing?

        Maybe they anticipate that we won’t need the cash due to capital controls, like now in Italy:

        http://www.suedtirolnews.it/d/artikel/2012/09/06/italien-ab-2013-kein-bargeld-ueber-50-euro.html
        Rome – The technical Rome government wants to limit cash transactions in Italy.
        From 2013, citizens may pay amounts in excess of 50 euros only by credit or debit card. That the Council of Ministers decided today.
        The measure is intended to reflect the money laundering and black money payments to clamp down. Since July, the government has banned cash transactions over 1,000 euros.

  4. So weird, I just received “The Politics of Money” today in the mail. Was thumbing through it at work today, can’t wait to dive into it tonight after the kids go to bed!

  5. That Greg Mannerino is the man to watch. brilliant interview.

    Well done thesurvivalpodcast. More people are going to understand what is going on. And importantly, to become their own central bank.

    Greetings from the UK……..

  6. As always Jack, your economic shows are the absolute best and second to none. Thank you for all you do!

  7. Wow now this one really did it!!! Hubby is 100% awake!! No more hitting the snooze button!!!!! THANK YOU This was just the thing to jolt him. He came home from work today all fired up with plans ready to talk about our future and what we are doing. Only down side is I was smiling so much he thought I was laughing at him. No just so dam happy he gets it. Thank you both.

  8. I get notices from both Greg and TSP when updates are made…and I automatically listen to be updated and prepared. I am SO glad that you two finally met! To be able to connect the dots between Greg and Jack and know they are on the same line only solidifies and confirms that I am on the right track to preparing. If I am not able to do anything else each day to prepare, I listen to TSP Podcast and Greg. Thanks to both of you!

  9. Hey Jack. After this interview I started considering the idea of liquidating my 401K and either buying land or silver/gold. As I was researching the idea on the internet, I discovered that you can also move your entire 401K (without liquidating it) into a precious metal 401K. The caveat is though, that the metal that you buy is stored in a government vault rather than handed over to you. This sounded ok with me right up until I remembered you saying that if a collapse happens, the government will try to seize and socialize everyones pensions. I’m wondering what you think here. I’m guessing you might say that if the silver/gold isn’t in my hands, I can’t trust it to be given back to me in the event of a collapse. No? Any advice?

    Kindly,

    Brendan

      • I’ve looked around, but haven’t had any luck. Any chance you can be more specific. Jack – maybe you can lead me there?

        • @Brendan I simply do not advocate phyical metal in an IRA or 401. It takes the most anonymous and private form of wealth and makes it the most regulated and public form of wealth known to man.

        • Ok. I respect that. But if I did choose to do it, do you think there is a real possibility the government would seize it in the case of an economic collapse? I think you’re absolutely correct in assuming the dollar will be worth nothing at some point in the near future. What I’m trying to so is avoid taking the tax hit for liquidating, yet trying to get out of the paper money market.

  10. I remember reading an article a year or two ago about how $700 billion of the stimulus was unspent and the theory was that Obama was going to inject this into the economy before the election to make him look better and increase his chances of re-election. Could it be that this is what is happening rather than QE3? I am unable to find where I read this now, but I believe that it was darn close, if not more than, a year ago that I read it. Thank you for all you do.

  11. Jack, I have to say that this was, without a doubt, one of the BEST shows that you’ve done to date. I’ve listened to it 3 times already.

    While I know you’ve been saying many of the same things for the past 4+ years (I’ve been listening for 2+), it gives it an additional punch to hear someone else as switched-on (but not wedded to the system) as you lay out the same overall conclusions of where we’re headed.

    Thanks for the great work, and helping so many of us (like me) change our lives for the better.

  12. Good show, I know it’s an older one but I’m catching up.

    One point. You and Greg have a little exchange about the Gulf of Tonkin incident, and both of you seem to be under the impression that the Vietnamese never fired on the Maddox (It never happened! Your and Greg’s words). This is false. I suggest you take your own advice and really research what happened. Long story short the Gulf of Tonkin incident as it has come to be known took place over a 3 day time span. There was one legit attack, one incident of USS Maddox and USS Turner Joy firing on misinterpreted sonar and radar contacts, a communication clusterfuck that took place between local USN commanders and the White House (McNamara’s staff basically dropped the ball), and the President falsely stating that the second attack had occured before all the facts were in.

    Anyway, just a personal pet peeve of mine. Guys like Alex Jones trumpet ‘It never Happened!’ but have obviously never taken the time to educate themselves on the real history.

    BTW, USS Turner Joy still survives as a museum ship – if you ever find yourself with a day off in the Seattle area it’s well worth the time to visit (it’s in Bremerton, and you can take the Ferry from downtown Seattle directly to the marina where TJ is.)

    • @Steve I have researched it and it never happened is not only the accurate way to describe the Gulf of Tonkin, even McNamara admitted it and did so with those words.

      Yes the official story NOW is that we were attacked on August 2nd and then we attacked ghosts on August 4th. For many many many years the people of this nation were told not only were we attacked twice but that August 4th was the bigger attack. Yes now the official story is that the Maddox was minding its own business in international waters and three NV torpedo boats went after a US destroyer, yea, I am sticking with, IT NEVER HAPPENED at least the way we were told it did and are still being told it did.

    • It was not just just the gulf of tonkin incident, but the heavy handed criticism of the bankers that I took note of as well by the guest

  13. So QE3 just happened. If most of the world has a central bank capable of creating money out of thin air, and they are all in bed together doesnt it mean that the game can go on forever? If value of money is perception, and everyone keeps buying each others debt, wont they just keep creating money to keep going indefinately?

    • In honor of the dumbest monetary move we will ever see I am pasting this post, from an author who’s name I cannot remember(from zerohedge.com)…who very eloquently described what we saw today. I once again encourage he/she to come out and take a bow. VERY STRONG LANGUAGE…..

      “Hope you didn’t put much money on that bet, Dawg. These fuckers are going to print hard enough to wake the dead. They’ll print like mo’fos, print like mad men, print like fly pimps. Print until their eyes bleed.

      They will print via the swaps, via bank bailouts and mergers, via fixed Treasury yields, via real honest-to-God negative interest rates, via loans to banks on no collateral, via payroll tax reductions, and in the end via actual fiat paper instruments which they might very well drop in bails from actual mutherfucking helicopters. They will not give two figs what anyone thinks. Here is why. Because this is the Goddamned end of it my friend. There is no accounting beyond this point. There will be no history of it. No one to take notes of rates of exchange, or of the graft and violence, nobody to worry about the deficit or the GDP or the national debt of any nation large or small under the blazing Goddamned sun. End. Of. It. Does anyone bitch about how Rome totally debased their coinage at the end? Hell no. But whoever did it had enough to hand and grabbed some land with a nice vineyard and sat back and waited for the Middle Ages to start 700 years further on. And that’s what a singularity is about. Anything that passes through is striped of all meaning. Nothing we think is important now will remain so beyond the event horizon. Nobody will remember, nobody will write about it, nobody will be held to any standard. Ever for evar. So yeah, they’ll print like the mad crazed terrorists they are. Because they have nothing to lose, and maybe something to gain. Maybe a dollar. Maybe a day. Maybe a slim chance to escape with some of the loot. Whatever the fuck advantage they see in it, for themselves and their elite crap wanking buddies, they will full-on-full-time-fucking do it to advantage. Watch for it, Dawg. It’s totally on this time, on like Donkey Kong. And when the dust is settled in a generation hence it’s going to have become another unbelievable episode among the ages of men.”