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June 1, 2022 - Health Ranger - Mike Adams
45:39
Gregory Mannarino tells Mike Adams how to protect yourself from the global debt implosion
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- Welcome folks to the Health Ranger Report here on Brighteon.tv.
I'm Mike Adams, the founder of Brighteon, and I built this platform so that we can have conversations like the one you're about to hear.
A first-time guest, but someone I'm a big fan of.
His name is Gregory Manorino, and his videos are all over Brighteon.
I think people just post them, frankly, without his permission.
They just keep posting all his videos.
But it's great because it gives me a chance to watch what he's talking about.
Gregory Manorino at TradersChoice.net.
He does daily commentary, usually at the open and the close of the markets, on every market day.
And he is...
How do I describe him?
He's courageous.
He's fearless.
He just tells it like it is.
He doesn't care what the trolls say.
He's giving you his interpretation of what's happening with the markets.
And more often than not, Gregory Manorino is correct.
Not 100%, but nobody's 100%.
He's right on the money most of the time.
We'll be back with Gregory right after this.
Stay with us here on Brighteon.tv.
Alright, welcome back folks to Brighttown.tv.
I'm Mike Adams and we are joined today by Gregory Manorino.
You've probably seen his videos because they're all over Brighttown.com.
He is a fan favorite and this is my first time to be able to interview him and I'm really honored.
Gregory, thank you so much for what you do and welcome to the show.
Thanks for having me.
Very excited and really looking forward to this, honestly.
Well, absolutely, Gregor.
I've been looking forward to this for a long time.
I gotta say, I have to confess, I'm a fan.
I watch almost all of your episodes.
I check it out first thing in the morning.
Sometimes in the evening, I check out the later posts.
We love what you do.
We love your attitude.
We love your humor.
You know, you sometimes joke about people watching naked.
It's just funny, you know?
It's funny.
It's real.
It's human.
How did you decide to put it all on the line and just start doing videos every day?
Well, I'll tell you, for me, it was a big wake-up call, honestly.
The meltdown, the last big meltdown we had here in the stock market.
Myself, I got hurt.
A lot of friends of mine got hurt.
And I started to say, something is very wrong.
Like, This is just not right, seeing the pain that it caused.
And I started to ask a lot of questions.
Like I said, myself, too, I took a big hit in the market.
Everyone did, I think, at that time.
I didn't know anything like I know now that I've delved so deeply into it.
But that's what really got me going.
Just, I guess, getting fired up, getting angry, seeing how people were hurting and suffering from that.
And I just said, no.
I said, I get to start...
Talking about this stuff.
And that's really what happened.
One day I just, I sat down in front of a computer and I just started talking.
And before I knew it, I had all these people, you know, in the same boat as me and a lot of other people were.
And we were angry too.
So we were trying to put together...
What really happened, and then I started to discover a lot of things here, but that's really what it was.
Sometimes in life, you just need a trigger to get you fired up, and that was really it for me.
At that point in my life, I had pretty much everything in the market that I had earned up until that time, and it just kind of evaporated like everybody else.
Now, are you...
Are you talking about the subprime crash or the dot-com crash?
Yes.
Well, no, no, that was before me.
I'm talking about the whole 2008 event here, the program.
And that's, you know, I started going, whoa, you know, this is just a lot bigger than we think, you know.
That's what really got me...
To start doing this out here on YouTube.
But I had a background in this from many, many, many years ago.
When I was a kid, I literally was like, well, compared to now, I was a kid.
But, you know, I got to see some of this from the inside, working at a major Wall Street bank.
I worked at Bear Stearns for a while, and my job wasn't anything so fantastic, but I did get to see what the trading floor was like.
I got involved in some things over there, and I got to see some action there that maybe wasn't so good, but it did open my eyes a little bit to how the system works and how it's really a twisted, perverted thing.
I think that's pretty obvious to everyone that's watching this right now and maybe understands even slightly.
How sick this whole thing is, but that's how it started for me.
That's why people love your work, I believe, is because you really just lay it out there.
So unlike, you know, Jim Cramer, the cheerleader, entertainer that's saying, you know, everything's awesome all the time, which is just absurd.
You know, you have what I would consider to be a realistic view.
I mean, for a long time, you've said markets are going to go up and up and up because the Federal Reserve's printing, printing, printing.
So you understand the expansionary phase of markets, but you also understand the contraction that can happen as well.
So I just call you a realist.
Yeah.
Well, you know, look, I think people have to understand that nothing is real anymore.
We don't even have a real market.
We haven't had one for the longest time.
The mechanism here is very simple.
It is a managed market.
We don't have anything that resembles a free market at all whatsoever.
We are in this corrective phase or whatever, this yet-to-be-defined phase in the market right now.
After years and years and years and years and years, it's going straight up.
It's about me rattle.
It shouldn't get anyone rattled.
At least at this point, it doesn't got me shook up.
I don't see anything crazy going on here with regard to the market.
But for me, it's about opportunity.
You can't just only be, and I'm referring to the market.
Of course, people would say, okay, this is the stock market, but you got to look at everything.
The debt market is the driver behind it all.
You got to have yourself spread out.
I am a fan, a huge fan of Of holding hard assets, gold, silver.
I also believe people need to have cryptocurrencies in their portfolio.
If you watch my work, I mean, this is pretty much what I outline all the time.
And, you know, just understanding the flow of money through the markets and also realizing this whole thing is just not real.
It's not real.
It doesn't exist.
It's not on the elemental chart.
And I think we're in store for a wild ride eventually because this thing is going to come down and it's going to come down in a massive way.
But people keep looking in the wrong spot.
Like, for example, now they've got everyone focused here on the stock market.
Oh, what's it doing?
What's it doing?
Oh, what's the driver of the market doing?
Which is the debt market.
We're talking about, you know, treasuries, mortgage-backed securities, all that kind of stuff like that.
Even the dollar was a unit of debt.
I hope people realize that.
But anyway, you know, so that's the driver.
So you watch the drivers of the market.
You kind of have an idea of where this is going to go.
You see a lot of fear in the market.
Generally, you want to capitalize on that fear.
Unfortunately, that's the way it is.
We're all capitalists here.
We don't live it.
You know, this isn't some kind of communist, although that can be argued.
We are, in fact, worse off than that anyway.
But that's my take on it.
Look, and you're right.
I just, look, I tell people what's on my mind, whether they like it or not.
I tell people to unsub from my channel all the time.
So if you don't like my style, you don't need to be here.
I'm not going to sugarcoat anything.
I talk about these things.
I give people what I believe is the best possible information that I can.
I am definitely not right all the time, but I try my best to be right most of the time.
There's no way anyone, I don't care who you are, what institution you are, can be right 100% of the time.
Right.
If you understand the bigger picture, what's happening, where we're going here, this whole thing with the global economy being completely run, taken over by central...
Who are the real government right now?
And how they're deliberately destroying the currency by design, creating inflation by design, a wipeout of the middle class.
This has been going on for many, many years.
The creation of a new feudal system.
And that's something I've been telling people for like 10 years.
And here it is.
It's actually happening.
And to see it is pretty frightening.
Yeah, yeah, it really is.
I mean, I've got a lot more questions for you in that realm.
And by the way, one of the things I really learned from you was to watch the 10-year yield, you know, to really focus on the debt market.
And what is that at now, like 2.8 or something?
Where is that?
It was that we were just, you know, earlier today, we're at 2.82.
Last time I looked, we were at 2.75.
So what does that tell you?
Very simple.
Just by looking at that, you've got a lot of cash making its way into the debt market.
It's coming out of somewhere.
It's coming out of the equity market because fear.
This is fair.
Think of how insane this is.
You've got people that are buying debt here that's guaranteeing them to lose money.
They're guaranteed to lose it, okay?
Because the rate of inflation is surging, going by their own numbers.
It's 8.5%, 9%.
And they want to hold a unit of debt for 10 years that's yielding 2.7?
Are you kidding me?
It sounds like some kind of...
Insane, twisted thing.
And that's exactly what it is.
But by watching that 10-year yield, you can gauge where cash is moving through the markets.
And you've got to look at a few other things, too.
But that's the key to this entire thing.
I've got a confession for you here, too.
I mean, I listen to you almost every day.
But my confession is, and you might be shocked to hear this, but I do not own a single stock.
I don't own a share of anything.
I'm not shocked about that.
And I'll tell people all the time, this market is not for everyone.
What I do think people need to do, at least one, is realizing that we're in an environment of hyper-debt, and this hyper-bubble in debt is going to explode.
It's a time bomb, in my view, and it's just ticking louder and louder, and it's expanding and expanding.
At one point, this is going to implode.
It's going to be an unbelievable event here.
And it's not by accident, in my view.
The debt bubble is being hyperinflated by design, because what they're going to do is bring the financial system to its knees, much worse than we had last time here.
I believe they want to create people who are slaves to the system, dependent on it.
By melting down the financial system in that manner here, people go, what are they going to do?
Like, they always do, oh, please, somebody help us, you know, cause and effect.
Oh, sure, we have a solution for you, and it's this new system here.
But you've got to be on the opposite side of that trade.
So if you're not in the stock market, that's fine.
I can...
I completely understand that.
I think people need to...
The one thing is to take the opposite side of that debt bubble trade, and that is to own a hard asset.
I love gold.
Silver is my favorite asset of all time.
Platinum and palladium, I own them all.
I think that's the key.
Then if you want to dabble, if you want to spread out a little wider, I believe, as you probably know, I'm into cryptocurrencies as well.
I hold cryptocurrencies and I hold precious metals for one reason.
Obviously, I sincerely believe we're going to get an implosion in that debt market.
And what happens?
The opposite of what we're seeing now.
If the debt market implodes, that means we're going to see rates spike very rapidly in an uncontrolled fashion that'll put pressure on the stock market, stock sell-off.
Cash will just move from one set of assets into another.
So if you're already buying, let's see, if you're in hard assets or you own a little bit of cryptocurrency, which I believe their market cap is going to balloon when this happens, you're in the right spot.
So, you know, for me, I like to be in a lot of things.
And I'm also, I like classic cars.
I like artwork.
I like musical instruments as holders of value.
And this has proven to be true as well.
Well, let me share with you.
I mean, that's fascinating because I've often urged people for years to look at buying old tractors.
So I actually buy old John Deere tractors and I use them on my ranch because they have no electronics and you can repair them yourself, you know, and they're EMP proof and all that stuff because I'm a prepper as well.
So I believe in that as well.
And the other thing I'll mention is, so one of the reasons I don't own stocks is because I keep investing in my own company's infrastructure.
So I own a lot of concrete, like concrete square footage foundations for warehouses and steel buildings and stuff like that.
So I'm invested in concrete, rebar, steel, gold and silver, no stocks.
Like that's kind of my portfolio.
And tractors.
I think that's fantastic.
I'm so happy to hear you say this because, you see, people need to understand that there are other investment opportunities here.
It's not just in the standard things that most people would invest in.
You can look at lots of things, too, as well.
I hope people understand.
Maybe I should talk more about that on my blog.
For me, I focus on the things that I know.
I've come to know these aspects of the market.
Look, I'm an old guy.
I'm 56.
It's hard for me to change.
I understand the way things work with what I am invested in and putting my money to work in.
And that's also another key here.
Don't put a single dime to work in a damn thing unless you fully understand it.
You've got to understand it.
And you can sleep better at night, really, because if you don't understand what you're doing, you're more than likely going to make mistakes.
Obviously, there's a lot of things that people can do to prepare for what is eventually going to occur.
And I think what we're seeing now is just a build-up to a climax on a truly epic scale.
I want to talk about that.
First, since you mentioned your age, 56, so you and I were both born in the 1960s, which means that we were kids in the 1979 oil embargo and the 18% interest rates, the Carter era.
I remember that.
Do you remember that as a kid?
Yeah, tell us.
I absolutely remember.
It was crazy times, crazy stuff going on back then.
Look, every generation has to deal with some kind of freaking crisis.
Most of these things, especially today, are all engineered.
And that's the economic model we have, is crisis to crisis to crisis.
But absolutely, it's interesting to look back and say, you know, even as kids, you were affected by that.
You saw this stuff going on.
You didn't understand it, but you knew things were just...
Weird!
Like, what's going on?
Like, why are we waiting for gas for two hours in line?
Waiting for gas.
You remember that stuff?
Yeah, I remember that.
People...
As a matter of fact, you want to hear a crazy story?
I lived on the...
I was living in New York at the time.
The guy on my corner actually got himself killed by cutting in front of a guy in a gas line.
I came out and shot him.
That's how desperate it was back then.
He had just gotten married, too.
I remember that story.
But anyway, it's sad.
I knew his brother very well.
Anyway, yeah, so yeah, it's crazy times today.
It's always been crazy.
And it just is, I think now, I really would have to say it's just more bizarre today.
And we're losing, unfortunately, more and more freedoms willingly.
People are giving them up.
And they just, you know, are surrendering.
They're throwing their hands up.
And they want to be taken care of from cradle to grave by a big mommy government who's doing nothing but actually completely royally screwing them.
And they're willing to take it.
I just don't understand that.
You know, like, I think, you know, people like who are on the opposite side of that, like you and me, we're the resistance and we're the enemy of the system.
And who knows what they're going to do with you and I? I don't know.
I get a death threat every week.
How about you?
Yeah, yeah, yeah.
Stop counting those.
Lost track.
But one of the things I really appreciate about you that also sets you apart from typical, like, Wall Street sharks, let's say, and I've heard you mention this many times on your podcast, is you do bring up the ethical considerations of investments.
So you'll sometimes tell people, you know, do you really want to invest in the weapons industry to make bombs and missiles?
Maybe you don't.
Or do you really want to invest in, you know, vaccines or pharmaceuticals?
Maybe you don't.
But, you know, you always encourage people to make your own decision, but I'm glad that you bring up these points because there are things that you won't invest in.
You have to be comfortable with what you're doing at the same time.
You've got to look at both sides.
Of course, we need certain things to defend ourselves, and not all pharmaceutical products are bad.
I happen to be a hardcore...
Anti-vaxxer.
I think people realize that.
I mean, this new thing where it's not even technically a vaccine, you know, we can get into that too, but I really am not into it.
Despite the fact that I practiced medicine for 20 freaking years.
So I think I can stand and talk about these things from that perspective as well.
Wait, wait, you practiced medicine for 20 years?
For 20 years, yes.
I was a PA for 20 freaking years.
I got to see that business from the inside, too.
Wow, I didn't know that.
I did everything.
When I was growing up, you know, I flipped pizzas, delivered them, too.
I delivered newspapers.
I drove a cab for a little while when I was a kid trying to earn some extra.
I did everything I could to try to, you know, my parents had no money.
They're broke.
If anything, my parents lived from paycheck to paycheck, and they weren't handing me any money to do anything.
I had to go out and earn it myself.
Yep, exactly.
And how things work from getting my butt handed to me.
And that's the best way to learn anything in life, even the market for that matter.
Oh, yeah.
When I first started out here, I lost all kinds of money, you know, trying to figure it out.
No one's going to tell you what you should and shouldn't do.
Me, I try to tell everybody at least what I'm doing, right or wrong.
I mean, I'm really an open book.
I have a free newsletter.
And I'm telling people, look, I'm doing this and I'm doing that and I'm doing this.
Some of my calls have been really great.
Some haven't been so good.
But I'm really very transparent.
I want people to see what I am doing.
I think for the most part, all the time that I've been out here, I'm trying to make a positive difference in the world.
That's all I want to do.
I don't care about anything else.
Honestly, if I'm getting through to people, if shows like this, you know, what you're doing is very important.
People are What are we relying on?
The propaganda ministry who does nothing but lie and lie and distract and obviously propagandize and deflect.
No, look here.
Don't look over here.
Look what they do.
It's a game that they play.
And they pull the people along.
Very sad.
With their fake interest rate reports and everything else.
But I'm really glad you mentioned, you know, kind of your childhood and how you had to go out and earn money because that is absolutely crucial, I think, to your survival instinct.
And I think that's something a lot of people our age share that, you know, when I was a kid, I was mowing lawns.
When I was in high school, I worked at Pizza Hut making pizzas.
When I was in college, I loaded trucks for UPS. A little extra money.
Yeah, shoveling snow, whatever, yeah.
Exactly.
You know, you get paid a dollar.
You were happy, you know?
It's like, wow!
But there were lessons in that, whereas today, so many young people, they get free stimulus money, they get PPP bailout loans, and then they invent fake companies to try to get millions of dollars of extra PPP money, and then sometimes they get arrested and, you know, charged with fraud.
But they think all money is free.
You're right.
A lot of those life lessons are gone.
People are too...
There's no even...
Look at what they've done.
They've taken away direct social interaction from people.
They want them kept inside lockdown, unable to see what's actually happening.
God forbid, you know, you get together with like-minded people that are maybe against what they're seeing.
Oh, what are they going to do?
Are they going to raid you?
I had a friend of mine not too long ago.
I don't even really want to talk about this, but he had a YouTube channel and he said something wrong.
He had the freaking police came to his house and they confiscated all this stuff.
And it wasn't even the regular police.
We're talking about like the guys in the black suits.
I mean, this stuff is real.
This stuff really, I worry every day.
I wonder what day when they're going to shut me down to.
I'm stunned that I'm still out here for a long time.
Every day I go, is this the day?
Is this the day?
Well, that's because you never had your hands on Hunter Biden's hard drive, probably.
So, you know, you're safe.
But let's talk about your, you know, what you do.
You have a free newsletter.
And unlike a lot of analysts on Wall Street, you know, you don't charge people, but you accept, you know, donations or subscriptions if people want to do that.
Yeah, but it's voluntary.
Absolutely.
And I like, look, I believe in paying it forward.
I feel like I'm making a difference and that's important to me.
And if people feel like, hey, you know what, Greg's a good guy, I want to support his record, good.
I'm all for that.
If they don't want to, that's fine too.
If they can't, I understand a lot of people can't do it.
You know, people are hurting.
I see this every freaking day.
You know, they're trying to convince us how strong our economy is and how rich everybody is.
The fact of the matter is, everyone that I know is suffering in one kind of way or the other.
Here where I live, Virtually every major intersection has homeless people holding up signs.
Some of these are younger people here.
I mean, there are places out here near where I live which look like a third world nation, worse than that.
You wouldn't even believe you're in the United States of America.
And for the audience, what city are you living here?
Las Vegas, Nevada.
Okay.
And it's just there are places out here that you wouldn't believe how bad they are.
And it's starting to creep everywhere, even to the upscale areas.
You can't escape it.
And in my opinion, it's going to get progressively worse because this is all being done by design.
Inflation is soaring out of control.
The Federal Reserve just happens to miss their 2% target on inflation.
They have a 2% target on it.
Now we're at 8%.
They want us to believe this is by accident.
It's not by accident.
And the Federal Reserve is continuing to foster this by nudging the federal funds rate And really not doing anything else, which is guaranteeing that more inflation is going to come.
This is a coordinated effort by central banks around the world.
This is not just a phenomenon here in the United States.
The world is being run by central banks, who are the real government.
The rest is all just a shit show.
Question for you then, Gregory.
Do you think the Federal Reserve will continue to slowly raise rates, or are they going to just throw in the towel and go back to massive stimulus and zero interest rates and just blow the whole thing out?
What's your take?
You know, I think the Federal Reserve is going to continue to keep pressure on the middle class, and they're going to find another way to prop up the market.
I think they are going to continue to raise rates in an effort to create this 2-2 society, to force the middle class people to struggle and unfortunately become slaves to the system.
With regard to the market here, I understand a lot of people are very, very concerned about this.
The S&P 500 is – we're not even in a technical bear market by the book.
But people are freaking out because they used to this market going straight up.
Right.
Years.
This, to me, I don't see a damn thing going on.
I'm still out here looking for opportunity.
I'm not saying – you see, before January, you could have thrown your cash into a dartboard, bought any company you wanted and made money to.
Today, maybe you've got to work a little harder.
People aren't used to working.
So you've got to say, okay, what kind of companies do I believe are going to make money moving forward?
It's pretty obvious to me.
It's oil and gas producers.
They're going to do well.
Commodity ETFs, people need to At least if they want to get involved in the market at all, they should own, you know, like I always say, there's one PDBC. This is a ticker I look at.
I got it on my website if you want to see this.
Gregor, we got to wrap up this segment here for Bright Town TV. Hang with me.
We'll do the extended conversation on the other side.
But thank you for watching today, folks, on brighttown.tv.
Check out Gregory Manorino's website, traderschoice.net.
And thank you for watching today.
All right.
Thank you, Gregory, for standing by.
Yeah, what you were just saying there is really important.
And, you know, I got a couple of questions for you.
So you had mentioned, I think, in some previous interviews that when this debt collapse actually takes place, that we could see stocks crater as much as 80% in some cases.
I think that's a number that you put out there.
But I also understand that you're talking about a range as well.
But how, you know, how...
People want to ride the upside to the very last minute and they want to time it, right?
And that's like a death wish, isn't it?
It's a death wish.
Look, I was in that business for a long time, trying to pick tops and bottoms.
You know, look, you can narrow that down to a certain degree if you put enough effort into it, but generally picking tops and bottoms in the market is a loser's game.
You're going to end up getting killed.
I don't play that game anymore.
But absolutely, in my opinion, look, when people are all going running for the door at the same time, which is the definition of a crash, what we're seeing now is crashes are never a slow burn.
Everyone runs to the door at the same time and wants to sell their assets at the same time.
I have stock ABC. I'm going to put in a limit order.
I am willing to sell stock ABC for X.
And you got no buyers.
All of a sudden you say, whoa, no one's buying my stock at this order, at this level.
Let me see.
I'm going to have to mark it down.
Then mark it down again, again, again, again, again.
That's a crash.
And the market rapidly drops down.
And people start selling things for whatever they can get for it at that point.
Mark it or isn't they stuck and ripped off.
But yes, it's going to be extremely difficult.
And that's why you've got to be hedged here.
You must be in risk on and risk off assets at the same time.
Risk on meaning equities, stocks, and I'm not talking about, you know, generally what I'm talking about is big companies, large cap companies that are paying you to own them via the dividend, okay?
Right, right, right.
Old school investing, yeah.
Old school investing, because you know why it works.
And then at the same time, you want to be in risk-off assets, you know, physical gold, physical metals, silver, my favorite of all time.
And I still believe some cryptocurrencies as well.
Cryptocurrencies are not for everyone like the market isn't.
It's an extremely volatile entity.
It's unbelievably volatile.
Right.
So when people buy, let's say they bought Bitcoin at 60,000 or whatever it was, 68 at one point, and now they're looking at it at 29, it can get people rattled.
But that's how these assets trade.
And the only reason why...
Again, I'm holding cryptos is I believe that we're going to see that wave of cash leaving the debt market, putting pressure on the stock market, and it's going to move into other assets, crypto being one of them.
And I think that the market capitalization or the overall value of the crypto space is going to grow exponentially two, three, four times.
Well, I was really skeptical of crypto for, frankly, until Canada started attacking the deposits, the bank accounts of the Canadian people.
That's when, for me, it clicked.
It was like, whoa, we all got to get out of this regular banking system.
We got to look at privacy coins.
We got to look at transactions, the ability to move money.
And then when Russia was cut off from the SWIFT system, so the Western nations weaponizing their control over what's supposed to be a world reserve currency, I said, whoa.
You know, we can't trust these central banks.
I mean, not that I trusted them before, but that just underscored the whole thing right there.
I was the same way.
When I first...
Look, like I was saying, I'm kind of an old school guy in many ways with regard to looking at the markets.
And when I first...
When I first heard about cryptocurrencies, I had no idea what these things were.
I didn't understand them at all.
And then, you know, started to say, hold on a minute here.
There's maybe something to it.
And that's what really got me into it.
I started buying Bitcoin a long, long time ago.
I own like seven different cryptocurrencies right now.
I haven't bought any more in a long time.
Not that I'm saying I'm not going to.
But my crypto holdings have been static for, I would say...
Almost a year.
And if I see Bitcoin drop a lot further from where it is, Bitcoin is my largest holding.
I tell everyone that they all know that.
So there's no secret here.
If I see Bitcoin drop, I will start buying more.
And with my other coins I went to, I might buy some of them too.
I don't know.
We'll just have to see.
Okay.
All right.
Fair enough.
And let's get to oil because you mentioned the energy sector as being pretty strong.
And I'll just preface that by saying, you know, when I was 20, 30 years younger, I was more of a liberal, more of, you know, a former leftist kind of guy in college.
And I never would have thought about buying into oil companies at that time.
Today...
If anything has been proven since this Russia-Ukraine situation is how critical energy is for the survival of human civilization.
It's like, without oil and energy, you got nothing, folks.
No diesel, no food, right?
No natural gas, no industry.
Like, ask Germany.
So right now, I agree with you.
I think energy is a very viable sector.
We can't live without it.
No.
And crude oil, I tell everyone, is the lifeblood of military industrial complex.
And, you know, unfortunately, yes.
You know, look, I have my qualms about maybe certain companies that I own.
But at the same time, you've got to survive this.
And if you know a way to do it, then, you know, unfortunately, and if you're telling people, hey, listen, this is what I'm doing.
Think about it if it's right for you, like we had discussed just a little while ago.
I told people a while back, the gloves are off of me.
I just feel like the system is so perverted at this point, and people have been so twisted and so dumbed down.
I mean, how many people actually get it?
I don't think many.
I wish there were more people like us and people that follow all work, because maybe we could get something done.
People are sitting down here, they're letting themselves be literally...
Exterminated.
Members of the middle class, they're going away.
They're going extinct and they're not doing a damn thing about it.
They're just thinking, oh, this is just normal.
Oh, it's an accident that things are going.
No, this is all by design.
It's absolutely insane.
And I don't see any revolts.
I see a lot of homeless people walking around and maybe they want to revolt, but that's it.
And that's why we got to get this stuff out there.
If people really understood monetary debasement caused by money creation, they would be revolting in the streets right now.
But you're right.
I mean, people, just as you said, they go to the grocery store and they're like, whoa, this food is 50% more expensive.
And then they just say, well, I hope it comes back down.
I mean, they don't think about, no, your dollar is worth 50% less.
Relative to food.
You're right.
It's absolutely true.
They had no idea of that.
They don't think of it in terms of the dollar's purchasing power.
They look at this pen.
Oh, well, this pen used to be X, and now it's XXXX. And okay, I hope it comes down like you said.
No.
And I tell people the truth is always hidden in plain sight.
So go over to the Federal Reserve's website, their own website, and look at the money supply chart.
It's gone.
It's parabolic.
It's insane.
Yeah.
It's so freaking crazy.
Well, it's like, I mean, the history of the world, the history of the collapse of Venezuela's money or Ecuador or Chile or, you know, Weimar Germany, for that matter.
I mean, it's the same history over and over.
We're just living it day by day.
How do people not see it?
I don't get it, man.
I don't get it either.
Because you know what it is?
Not only of their...
Being fist-fed bullshit.
Can I say that word?
Yeah, yeah.
You can use all your normal terms here.
It's all good.
Go for it.
You know, via the propaganda ministry, and they believe it all.
These people, they're sitting there reading a script.
Look at you and I. We're sitting here having a conversation.
We don't even really know what's going to come out of each other's mouth.
But these people, they sit there and they're reading lines.
They're reading lines.
I've been telling people what I believe they do is these propaganda ministries like the mainstream media, they go out, they find some homeless guy on the street or woman, they dress him up in a nice suit and they tell him to say something.
You know, it's all about perception.
They want you to believe.
And people buy it.
I have very good friends of mine who believe all the nonsense.
And I'm saying, do you know how you're paying attention to what's going on?
Are you seeing it?
Well, you know, in fact, I want to ask you this, Gregory.
So you and I are both old enough to have also been adults during the dot-com crash.
And didn't we see the same thing psychologically?
Remember in 1999 and, you know, cab drivers in New York City were saying, oh, I'm not going to be driving this cab for long because I'm going to retire on, you know, drcoop.com or whatever.
And everybody thought, I mean, they said, oh...
You don't have to have dividends.
The game has changed.
You just buy low and sell high.
We're all going to get rich forever.
No one ever has to work again.
I heard people saying that.
In 99.
It's the mentality.
Then people get excessively greedy, and then what happens, the whole thing just kind of blows up.
I never get involved in any of these hype companies, whether they're trying to hype up on Twitter or hype up.
I never touch, and people freak out.
I'm like, Greg, why aren't you trading this?
Because I don't want to get involved in it.
I've seen it before.
I've seen how they end, and they always, invariably, And badly.
I don't want to...
It's not for me.
I'm too old for that stuff.
You know, maybe, you know, 10, 15, 20 years ago, or like when I first started out, you know, look, that's what happens to people.
You get overwhelmed with this sense of like, oh, everything's...
I'm just going to be so rich off...
My $10 investment is going to turn into, you know, millions of dollars.
And for some people, it does, but it's pretty rare.
But back then, and, you know...
Even now, too.
You know, when I look at the market and I say to myself, okay, what's happening today?
Where are the opportunities?
Where do I see it?
And to me, I still believe...
I believe the number one place that people need to be understanding is the debt bubble.
And never wavered from that.
So people, be prepared for what's coming down the pike here.
And it's going to be an unbelievable moment.
And I don't think people realize how bad it's going to get.
Because the potential here is for an 80% stock market sell-off, that's not really the problem.
The problem, again, is going back to the debt market.
I believe we're going to get a full-on implosion.
It's going to cause a credit freeze, meaning there'll be no cash to be had.
Businesses won't be able to borrow to function.
People don't understand that the last meltdown in 2008, that was the actual issue.
It wasn't so much that the stock market, the Dow went from 12,000 to 6,000, lost half its value, and then the Fed jumped in here.
No one even knows where the bottom is with regard to the stock market.
That's really the truth.
But the fact of the matter is, the debt market being the driver here, you must have a flow of credit.
If credit can't flow, everything locks up.
You can't go to your bank to take out any cash.
You can't use your ATM. You can't use your credit card.
You can't shop.
There'll be nothing.
Well, and to add to what you're saying, well, I'm sorry to interrupt, but farming.
I mean, farming operations are very cash flow intensive, debt intensive.
Look at any kind of industrial production.
You've got to buy raw materials.
So it's all on debt, right?
Mm-hmm.
You're borrowing.
That's the whole problem.
The whole system stops.
The whole entire system.
And I've told people, there's going to be pandemonium in the streets.
Absolute pandemonium in the streets.
And that's in a worst case scenario.
And people, you always have to be ready for a worst case.
Because if it doesn't happen, you're all better for it.
But you must be prepared to say, oh, this can possibly happen.
So you are prepared for it.
That's it.
It's just so important to understand.
Yeah, well said.
Do you have a bug out plan?
Bug out of Las Vegas?
You know, all over the place.
Hey, Greg, you know, I don't really have anything myself.
I mean, of course, I have some stuff stashed here and there.
But, you know, I have friends of mine who say, oh, Greg, you know, I own this piece of property over here and I have this and have that and you're more than welcome to come.
And that's another thing.
You know, I tell people, what is our greatest resource?
Well, it's each other.
And I think you need to get together with like-minded people, people that you can count on in an event like we just spoke about.
Because people are going to be scrambling in the streets who have no friends, who have been locking themselves up in their house for years after years, going to work back and forth, not paying attention to the world around them, not saying hello to their neighbors or anybody else.
And then they got nobody.
They got nobody.
So get out there and start creating relationships with people, people you can trust, people you can count on, because we're going to need each other in a worst-case scenario like people have no idea.
Yeah, absolutely.
We're going to need each other.
And also, you know, as you're talking about a liquidity freeze, which will probably halt a lot of transactions.
I mean, Visa and MasterCard went down just a couple of days ago for one afternoon.
Completely nothing.
Right.
I mean, think about...
And the other thing is, in a full-on real crash scenario, debt market and or stock market, these stores are going to get cleaned out in a matter of hours.
That's right.
No food.
There'll be nothing.
So people need to be ready for that, too.
You know, I know it sounds like, oh, this is never going to happen.
Yeah, a lot of people thought that, too, right?
But when other events have happened in life, did people in, say, Venezuela think they'd be eating zoo animals?
Well, that's what they were doing at one point.
Literally, they were going to the zoo and butchering zoo animals because they had no food.
And also, we saw this not only after the dot-com situation, but especially in the subprime situation.
There was never any willingness on the part of regulators or central banks to allow bad ideas to fail.
Right?
So there was never any cleaning out of the system.
What we're looking at today is just an extension of the bad decisions that led to the subprime mortgage collapse.
And frankly, most of that stuff is all back in the system again, you know, like synthetic CDOs and all that garbage.
Even worse.
Even worse.
Way, way worse today.
And again, it's the whole...
Right now, like I said at the beginning here, we didn't have...
We have a real market.
This is a managed market like they have in any other communist nation around the world.
And that's just the way it's going to go.
It's not a free market.
We don't have anything that's free anymore.
People may believe they're free and they perceive that they are free.
Meanwhile, they're forced to fund every crisis they want to throw at us, wars and everything else in between.
You know, we have our lives dictated to us by the powers that...
I call Biden a retard.
I say retard presidents.
They're just puppets.
They're not the ones pulling the strings.
All these guys are a figurehead for people to sit there and bow down to.
Meanwhile, they're being puppetized by central banks who are the real government.
You control the money supply.
You control the world.
Everything else is shit.
No, it's okay.
I gotta ask you, I'm so curious, because you've mentioned this several times, but who had a problem with your use of the term relative strength?
Everybody.
They couldn't get it.
Relative.
It's like this foreign word.
Like I was speaking some kind of dialect from some other planet.
I have no idea.
So I had to start using comparative.
Yeah, but that's just a synonym.
I mean, if they don't understand relative, how are they understanding comparative?
But the funny thing is, when I started using comparative, people got it.
Oh, I understand now.
They didn't understand relative.
No matter how many times I tried to say relative to other, I had to say comparative.
You know, sometimes...
Look, I know...
It's cracking me up, man.
People have a hard time understanding these concepts and that's okay, I guess.
Well, I just, no.
See, I appreciate the fact that you share these kinds of details because, you know, you're very upfront.
You don't hold back.
You know, you put it all out there.
And I think that's why people love to hear you.
And it's not just, you know, it's not just entertainment like Jim Cramer.
It's, you're interesting but also highly, highly informative.
And frankly, I'll say this.
I think that As this system collapses, you know, we're going to rebuild society on the other side of this.
And I think it's people like you, Gregory, who are going to be able to guide the younger generation.
How do we rebuild a system that works?
Because you have the experience and you've been able to see it and watch it and participate in, you know, reallocating resources where they can work.
Yeah, you know, that's true.
But it scares me to think, you know, that What they're doing is a deliberate collapse of the system because they already have a new one.
And what they're doing here is creating legions of people by design who are dependent on government.
And it's unfortunate that people like yourself, me, and people that follow our work, there's not more of us.
I mean, maybe, maybe we could do something.
I tell people, spread this stuff out there.
Start thinking outside the box.
Look at what's happening.
A lot of people get it.
I mean, I'm sure you can hear from thousands of people.
Me too, every day.
And I see people, they're so frustrated.
They're so concerned.
And they're like, you know, they want to do something.
But it's like they try to associate with people, try to get together with people that get it.
And we're very few and far between.
Yeah.
Unfortunately, I wish there were a way to change that.
And the only way to do it is to get stuff like this out there.
People watching this show should spread it out as far and wide as they can.
Start educating yourself.
Knowledge is power.
Well, I completely agree with you.
And final question for you today, Gregory.
And thank you for taking the time with us, by the way.
I know you're super busy with just monitoring the situation.
But a lot of your videos are on Brighteon.com.
Do you have a channel?
Do you post your videos?
Or is it just other people posting your videos from somewhere else?
I tell people, please share my work.
Get it out there.
I don't even have...
I'm not even on one social network.
I got banned from Twitter.
I got banned from LinkedIn.
I banned myself on Facebook.
I won't use it.
So if people see...
And that's another thing.
There's a lot of Greg Manorino imposters, literally.
Oh, really?
People see me on my own blog.
Oh.
So if you see a Greg Manorino anywhere that you don't actually see my face and me talking, it ain't me.
There's a lot of scammers out there.
Yeah, there are.
There are.
Well, I'll just say, if you'll give our staff access to your finished video files, We'll set up a channel for you and we'll post them for you on your channel and then send you the password so you have control.
We'll do that for you if you want.
Just post them!
I think they're doing it now, so just do it.
I don't care.
Yeah, but it's not under a channel called Gregory Manorino.
It's like somebody else's channels.
Well, if they're posting my stuff and it's my voice and my face, let people do it.
Let them hear it.
Okay.
All right.
Wait till the deepfakes come out.
The Gregory Manorino deepfakes.
Screaming, bye, bye, bye, now, everything.
All right.
Well, Greg, it's an honor to be able to speak with you.
We've had a lot of fun and covered a lot of topics.
Any final thought you want to leave our viewers with?
Well, let's do this again soon.
How's that?
All right.
We'll do it again soon.
In the meantime, folks, TradersChoice.net is the website where you can sign up for the free email newsletter to follow Gregory Manorino and also check out his videos all over Brighttown.com on random people's channels.
They're just scattered all over the website.
You'll find them if you just search for his name.
Thank you, Gregory.
It's an honor.
Thank you.
Okay.
All right.
Take care.
And for those of you watching, feel free to repost this interview also.
You can go ahead and copy this and put it on your channel or other platforms.
I give you permission, and so does Greg.
We're happy for you to share the word.
Thank you for watching today.
I'm Mike Adams, the founder of Brighteon.com, the free speech video platform.
Take care, everybody.
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