New BRICS Financial System Is “Absolute Threat” to U.S. Central Banking, “It Leads Us to War” | Big Money Investing Review

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hi everyone Daniela cambon here for itm trading you know I have had the privilege and the honor of doing a career I love for close to 20 years and I have met thousands of the most insightful and intelligent people on the planet there is just so much wisdom lessons and insights I have gained in terms of building an incredible portfolio and preserving your wealth and we want to share those insights with you today we have put together a free report that highlights some of the best knowledge I have acquired through all these years you can get it today for free at Danny report.com again that’s Danny D ni report.com don’t miss out get it [Music] now hi happy Wednesday welcome back to the danela cambon show here on itm trading and with me today with all this breaking news unfolding Gregory man Nino the Robin Hood of Wall Street here to save all of us Gregory so good to to have you back on the show great to be here thanks for having me I’m gonna try my best but we got we got issues we got issues we we we got major issues and I mean just offline we were going through um I hope we get through everything we want to cover today um because I’m going to talk bricks with you and everything unfolding first and foremost but two want to get the latest because I know you’ve been hot on the trails of Bank of America Buffett dumping the stock you one of the first to break that news and uh the significance of it that many have have have kind of discounted and we’re going to talk about more bank failures that no one’s been talking about and of course the stock market gold and silver ripping Gregory okay bricks everyone was discount not everyone not us and people watching the show but so many discounts the bricks right and now here is Vladimir Putin playing host to 36 world leaders of countries that now make up 25% of the global GDP 40% of global trade 50% of the global population and guess who else showed up at the bricks Summit un Secretary General gutterz and of course the Ukraine up in arms over this I mean Putin is a war criminal he’s wanted by the ICC and yet he and yet now you have the UN Secretary General attending and speaking at the bricks Summit first your thoughts on the bricks and then we’ll talk bricks pay first your thoughts on the bricks here and how significant have they become become in your opinion this this is tremendous what we’re seeing here but look it’s no surprise I don’t think what people don’t get I mean the general population I’m not talking about the people that follow your work or the people that follow my work work we are I mean I don’t know how to say this another way I’m going to say it as straight and as hard and as direct as I possibly can we are witnessing the end of an Empire we are going down the United States of America we are no longer the economic engine of the world people don’t want our products people don’t want our dollar it’s just over global dominance this is being shifted over to the east it’s just done now this bricks Alliance absolutely is a threat to the the the central banking system here over the United States and what we can expect to develop out of this unfortunately is obviously we’re already seeing it War more war the FED is not going to give up their uh you know strangle hold on the world financial system being that the dollar Still Remains as of now the world Reserve currency look they’re setting this all up here again no one should be surprised at what they’re seeing we have well you have to look at the global picture here and how central banks work uh the system of currency destruction artificially suppressed rates probably negative rates coming pretty soon here the United States and around the world it’s these are economic destroyers so you have this collection of bricks Nations trying to say you know what we’ve had enough of this we need a new system and and and clearly that’s where we’re going we need look how do I see this another way as well people who follow at least who have a a functioning brain realize we need a return to a constitutional money system we don’t need to be the crypto capital of the world we don’t need to have artificially suppressed rates a weaker currency period And I mean know why are people surprised to see what’s happening here with the US trade deficit hyper ballooning with debts and deficits around the world ballooning the world economy Contracting at its fastest Pace on record central banks flirting the world I mean this is an inredible set of dynamics that are in play no one should be surprised about what we’re seeing here and how it’s unfolded because this is exactly what people that you and me and a lot of other people too have been trying to warn about for quite a long time the system is being deliberately systematically and methodically taken apart and the bricks Alliance is saying you know what we see this coming so we need to do something about and that’s why this is happening here and I’ll tell you something people here in the United States are always blindsided because they’re never told the truth they’re lied to they’re deceived they told where to look uh how to dress what to think I mean it’s an amazing thing it’s a society under control we’re not free to do anything we’re free to listen to the propaganda Ministry the freaking cnbc’s the Bloomberg the mainstream media the T Live Vision thank goodness and thank God for shows like this where people can get the truth because it’s it’s the truth is what matters and we’re not getting it anymore at all than thank you for saying that because in fact I mean I’ve been getting my bricks news from International sites alternative sites but you’re right here in the US I mean mainstream yeah CNN will have the bricks article on their online site right like pushed off to the side um but there’s no talk of it on the Prime Time news right people are still discounting uh the bricks but one more point one more point I want to make before we Mo move on from the from the bricks um Brazilian president Lula who did not attend due to a head injury but was speaking via teleconference um was speaking about the need for brics Nations to create new payment methods between them adding that the group’s new development Bank was designed as an alternative to what he called failing Breton Woods institutions Greg I know you’ve been talking about that he says it’s not about replacing our currencies but we need to work so so that the multi-polar order we aim for is reflected in the International Financial system so brics pay they’re moving forward with it um you know we still don’t know what exactly it will uh it will look like uh but to give folks an idea of how it would work during the summit uh they passed around promotional cards containing 500 Russian rubles equivalent to about 5 bucks 20 and they were utilized for purchasing coffee or souvenirs at the uh event so they’re they’re obviously moving forward with some sort of alternative payment system basically saying we want a break we want a break from the US dollar absolutely are they this is going to be the backbone of the system they have to set up a way to utilize the system they’re creating in a way that would again sidestep the dollar but what are the ramifications of this again let’s think about it if the US dollar is clearly uh being shunned along with all other things that we make here in the United States look we’re being um we’re being ostracized isolated here of course and this is going to lead to trade Wars and currency Wars and of course uh obviously real war which is already going on here but anyway what what’s going to happen here is pretty obvious the situation of inflation is not going to get any better we can hear a lot of lies and deceptions and distraction if the world is turning their back on the dollar and the brics clearly is doing this the brics alliance here what is it what does it mean for all of this extra dollars that have been created out of nothing uh they’re all going to start coming home to roost and we’re already seeing the effect of that henceforth why the money velocity is kicking up something I said would happen from 10 years ago eventually just a massive lag effect as it works its way through the dead economy that we have around the world as a matter of fact but again it’s just going to exacerbate the underlying problem and then they’re going to be look the system is coming apart people need to realize that there’s no way to fix this uh that there is a way to to fix it but it won’t happen here in the United States first of all we need the polar opposite of what we’re being sold by the Federal Reserve which is being backed by both both presidentials select these as lower rates here Promises of lower rates here weaker currency we need the polar opposite I mean we need stronger a stronger currency and they were two fundamental factors and everybody knows this who understands even economics 101 to having a strong economy and that is a strong currency number one and uh interest rates high enough to support the currency now now this artificially suppressed rate environment has done nothing but destroy uh the United States economy and the economies of the world negative rates didn’t work out too well for Europe it’s not going we might get that here depends on who is selected as the president we’ll see where this goes we are being led and we are leading ourselves to the slaughter people are not being told about what the bricks nations are doing or anything else they’re told where to look and what to think again we are a controlled society and it’s going to lead to absolute destruction on a massive scale as the system is being taken apart unfortunately you have to you have to realize we’re being destroyed from within here uh especially in the United States has already lost our status as the economic engine of the world and our significance around the world if the world’s had enough and that’s why we’re seeing these the bricks Alliance and we’re about to see a lot more moving forward here this you know people like you and me we’ve been warning about this stuff for a long time and now it’s happening people need to really start to pay attention especially right now with just a week and a half to to the presidential selection selection um and that’s a good segue to my next Point former CEO of Pimco coming out saying the proof is in the pudding the proof is in the rising gold and silver price that Western countries should be paying more attention to the skyrocketing gold price even you know more indication that countries and people are looking for Solutions outside the US dollar do you feel do you agree with that statement Gregory is that part of the reason we’re such a we’re seeing this rally in gold and silver prices much to the Delight of those silver investors out there who have suffered for so long Gregory why the rally here well the gold silver these are unstoppable forces in my view and we haven’t seen anything yet with regard to the price Act of these assets moving forward you have to understand look the number one buyer and I urge people to do their own research on what I’m about to say the number one buyer of gold in the world right now is central banks central banks are also the number one buyer of debt the number one issuer of debt central banks themselves are betting against their own system by hoarding gold okay I’ve been a proponent of gold and especially silver now since day one saying bet against the system by holding gold especially silver uh as we move forward here as the system is taking apart now this this Rising gold and silver first of all these assets the price action has no no bearing on reality based on soaring Global debt we are going to see these things Skyrocket and it’s very simple in my view I already put together a scenario everyone knows who follows my work we got to understand that eventually we’re going to get a bursting of the debt Market B hyperbubble it’s beyond anything we’ve ever seen before it’s being inflated on purpose there’s no uh no error here no mistake here it’s going to burst when EV that debt bubble eventually bursts we’re going to see a movement of cash simply just from one set of assets into another now we have to pick we have to say what are the ramifications of bursting of the debt bubble is too easy to understand the artificially suppressed rate environment the central banks buying it all has done nothing but create unimaginable price action distortions across the spectrum of asset classes cash coming out of assets it should be going into to Commodities and going into risk assets the stock market inflating a massive bubble there a hyper bubble in real estate it’s going to burst it’s going to burst and we’re going to see cash moving Commodities gold especially silver and we’re going to see uh I think a big move here with regard to cryptocurrencies as well um that’s how I see it I can’t imagine another way but we have to figure out where’s the bottom where’s the bottom of the Dow we don’t know I think we’re going to get a one:1 ratio Dow gold I think the bottom of the Dow is probably some at around 8,000 that could put gold at 8,000 that would mean a 10 to 15 ratio with gold silver ratio which could be $800 silver at a 10 to1 or 15 to1 more likely uh that’s where we’re going here uh in a worst case scenario and I can’t imagine we can get out of it a worst case scenario here because the debt hyperbubble is just a monster it’s a financial Frankenstein I’ve been warning about this since day one Financial Frankenstein indeed I mean these numbers just came out uh us budget deficit it tops you you saw topping 1.8 trillion um in fiscal 2024 I mean these the it’s the third largest Federal deficit in US history after the pandemic relief driven deficits of of you know the co era and um and 2.7 trillion in 2021 the third largest on record I mean this is not sustainable Gregory it’s not sustainable and who makes up the difference we cannot continue to run hyper Bing debts and deficits where is the who fills the Gap who’s more than willing to lend it’s of course it’s the FED in this case here but it’s the same situation around the world central banks have but one goal to own it all to issue their singular product to the world to be our our overlords and that’s exactly what’s going on here and people are just the two either blind ignorant or just don’t want to see this and unfortunately that’s why we’re seeing the bricks Alliance here they understand it look the only people who really don’t get it are the people here in the United States they always get blindsided because they have no idea what’s coming they’re told how great we are with we’re we’re all rich look at that stock market raah Rah raah no connection to reality none at all the illusion of the market is very powerful but and people think there’s a connection between the economy and the market there’s none whatsoever oceans of debt okay wait I I don’t want to lose that train of thought because I had uh Dave colum from Cornell on who thinks you know agrees with you that the overvaluation um of most stocks right now he says they’re probably overvalued by 150% is do that number set about right with you how overvalued um is the stock market massively I think the bottom is eight grand 8,000 for the Dow what do we got 37 40,000 right now I mean it’s so multiples hundreds of percent overvalued you have to understand how the mechanism works it’s extremely simple when you have a mechanism here it’s this is just really unbelievably easy when you have a mechanism where central banks are artificially suppressing rates it opens up a doorway for cash to move into risk assets or the stock market it creates what’s called a multiples expansion in other words investors are willing to go out and pay pretty much anything to own shares of stock obviously inflating a massive hyper bubble hyper hyper bubble so what I want people to understand is none of this is real this is an illusion not only is it an illusion it’s a deliberate illusion again as people are being led into some sense of security watching the stock market it’s always the same story and then when the stock market craters they wonder what happened it’s just too easy to understand there’s no reality anymore across this the price action of a single asset today because of the mechanism of of hyperinflated debt Market which everything derives value from the entire stock market can be viewed as a derivative itself in other words it derives value from action in The Debt market so can so can the real estate market but these are Concepts that I I guess would be maybe considered advanced concepts but they’re just too simple to understand there’s nothing here that is real at all and people we are already paying the price and the price we’re going to pay people are not ready to pay it moving forward and we’re very close to this there’s no doubt about it and we know that because we can see what central banks are doing it now buying it all think about it we have a global economy Contracting at its fastest Pace ever meanwhile we got central banks inflating the global money supply how does that work they’re leading us to an inevitable end and people are going around this world are going to be blindsided not the people that follow our work because they are being made aware of the situation not only that they’re taking action they’re doing something they’re not just sitting back sucking their thumbs somewhere they’re actually saying okay this is what I need to do period that’s where we at that’s where we’re at Gregory the last time you were on uh news broke of Warren Buffett starting to dump his Bank of America stock uh you came on the show fresh off that news commented on it resonated with so many folks and now he’s had his 16th round of selling of Bank of America since that interview aired you dumping a total of 10 billion in Bank of America yeah I’m not surprised what’s that saying I think telling people where there smoke where there smoke there’s fire I mean um how how how Greg’s take on go for it on let’s we Bank of America in my opinion is going to be it’s being set up as the Fall Guy when the system comes down they need an event to occur and they’re already building up to it whether it’s going to be War another scamdemic whatever it got a combination of whatever it might be and of course they’re going to set up a scapegoat I believe that Bank of America is the most likely one to uh be allowed quote unquote to fail uh but but you have to look the big the bigger picture is this the entire Financial system is a fraud from beginning to end there it’s it’s insolvent it operates In Perpetual black hole um which can never be filled we don’t even have a fractional Reserve System anymore uh and and who’s going pay for this the people we’ve already seen this about two years ago I was the first guy to say I see problems with regard to the regional banking system which also was affecting larger Banks but there’s a little spin on that no loans no deals no nothing from the in these larger in the smaller institutions and they’re paying the price for it um and the larger institutions are in the same boat here no deposits no loans no deals um this is all being kind of hush hushed and hidden so they’re suffering as well but they have a main line to the Federal Reserve who’s going to support the major institutions we’re seeing the consolidation I’ve been warning people this is going to happen a consolidation of the smaller institutions being swallowed up by the bigger ones but they need a scapegoat probably will be Bank of America at least it looks like that in my view I’ve been telling people this for I don’t know a couple years this is what it looks like to me uh I have no crystal ball that’s the truth but I’m able to put just things together in a way that makes things kind of obvious I’m not right all the time but my track record is pretty outstanding so but anyway look man what this means what are people supposed to do here first of all I’ve been telling people to get out of the banking system if you need to keep your cash in an institution they should be looking into like a credit union why credit unions don’t take the risk that commercial Banks do um they operate basically on a nonprofit kind of members only thing so I’m not saying these are safe I’m saying they are safer because they’re outside of the commercial banking system here now that’s what I think people need to do if they need need to keep some cash in these institutions because we’re forced to participate in their system so you do that you pull your cash out of the the the commercial banking system you put it into a credit union and I think you’re in a better spot but we should be ready for a wave waves plural of bank failures moving forward as the system collapses the system’s already collapsing you don’t know that people don’t know because it’s all this debt that’s being pumped into the system to Foster the illusion that’s all this is it’s not real it’s going to get real and it might not be far off well and to your point about things happening Hush Hush under the surface I know it’s just a tiny bank but again when does this happened this week uh October 20th Financial Regulators Regulators just shut down a bank in Oklahoma marking the second US bank failure of 2024 the it’s called The First National Bank of Lindsay and it was shuttered by um the OCC again people would say it’s just a small Bank what does it matter it wasn’t covered by anyone well you know like unless but to your point the Domino doino and we’re GNA see that what’s gonna happen here is this as as these smaller institutions fail and we’re going to see more of this the big banks are going to get to buy the the good assets on those Banks balance sheets for nothing we the people just like last time are going to get stuck holding the bag of of garbage um unfortunately we get all the Bad Assets the banks the big banks are going to get to buy all the good assets for pennies on the dollar as the system is Consolidated you can see this building up here uh at the same time going back to the bricks okay this is a setup for a conflict uh a military conflict here as I said the FED is not going to give up their their position here or their strangle hold on having the world Reserve currency here they that gives them enormous power the bricks don’t like that they want to take it away the enforcement on of the Federal Reserve is the United States military in its entirety including its nuclear Arsenal unfortunately that weapon those weapons will be pointed outward or inward if they have to uh to maintain that status here unfortunately and uh we’re all paying for it now and we got a lot more it’s they’re not done inward uh Gregory Manar talk about a fresh dose of reality this Wednesday uh serving that up to us but you know we go to we got to wake up we got to just wake up uh Gregory manarino uh where can folks uh find more of you you could find me anywhere I’m pretty much everywhere just Google me you’ll find me somewhere I love that it’s so funny when we talking about hiding cash I was going to say you could just do it the old school Italian way put some in a you know put some in your old coffee container something you could do that but I think the value of the currency is uh is it’s it’s in a nose dive and it’s it’s going to it’s going to unfortunately play out to a much more dramatic degree as again the dollar is shunned currency devaluation the promises of lower rates by by camela by Trump they look man we got to sidestep this Babylon system I’ve been telling people for a long time here it’s the system of Lies deceit fraud hatred if we you know we could we’re unfortunately in that Babylon system but we’re not of it we got to get out and we got to look because this this’s a selection going on here there’s going to be some people that going to get through this most people aren’t and I mean that in the literal sense you we being squeezed unfortunately but I look thank God for shows like yours and um we’re making a positive difference in the world Daniel believe me we really are we’re getting through every day I hope so I think so I think we are I mean look I get so many emails a day um you know that just that just you you know just really touch your heart and just makes you that’s what keep makes me keep going because uh we need to educate U more and more people gregy and and I know that’s why you really believe in owning some gold some silver I mean all the all the Bor saying Big Wigs out there are saying there you go uh Gregory mandarino we will see you soon my friend thank you happy Wednesday everyone we’ll have more content coming your way breaking the news for you you here on the Danel Kon show on itm trading sign up to denon.com so you don’t miss a beat and please subscribe to our Channel um so you’ll be alerted uh for all the latest videos coming your way that’s it for me we’ll see you soon [Music]

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