(VIDEO) The Dollar Meltdown Continues: THIS Is What You Must Do NOW! By Gregory Mannarino

in money •  7 months ago

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In the video below, I cover what is going on right now with regard to the US dollar (it ain't pretty).
I also outline how crude oil is being used, again right under our noses, to manipulate the equities market.
I also address how we need to "rip the face off" of this stock market, and how to do it.
Much more!

Gregory Mannarino
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Greg, I know a lot of people that need to call there doctor. I have a very hard time getting people to understand silver and gold. I now try to get them to understand bitcoin and they literally look at me like i am crazy. Bitcoin has diffently turned into a safe move. Thanks for the video. Have a great weekend.

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I have talk to everybody and everybody look at me crazy talk about silver and gold and i just feel sorry for them that their brain is not capable to grasp a simple concept that gold and silver had being money for thousands of years and there purchasing power is maintain or increase in times to turmoil instead currency are nothing but toilet paper.

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Not everyone is so easly convinced, especially when paper money is all that they have ever known. Trust me its a struggle to get people to understand. When you do finally get them convinced, there all in. Keep stacking my friend

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Absolutely..

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that's truth but i guess one of the reason they stop showing history in school is because all it talks about money wise was silver and gold till 1900 them paper took over and people started to decline by accepting paper as money and people forgot the real qualities of money PORTABLE, DIVISIBLE, DURABLE, FUNGIBLE

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I have been talking to several good friends over the past few years about silver & gold as Greg says "become your own central banker" but have stopped because if the system goes belly up they will be coming to me looking for real money. I talk to them now about crypto currencies instead, they don't understand them (even younger people) and won't even think to come to me for my bitcoin etc.

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The next thing to get your friends to understand is Pocket Change... Feel free to go to my Blogs and read the ones pertaining to Common Coinage... @pocketechange

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Your next step is to tell your friends about Pocket Change... That's right, Common Coinage... Feel free to read my Blogs on the Subject matter... @pocketechange

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Pocketechange if i could give you 100 up votes i would for being so persistent.

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Thanks @raybrockman ... It's not easy getting through to some people... I can only imagine a lot of people kicking themselves for not taking me seriously... Thanks again... @pocketechange

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Mike Maloney is the man! Hidden secrects of money episodes really opened my eyes

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Thanks... I'm also a fan of Mike Maloney... @pocketechange

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Oh I know the struggle about convincing friends and family about the metals. However I am proud to say that I have somehow managed convinced several of them!

!

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The dollar will begin its 18 year cycle with a 9 year downturn period to the eurocurrencies as it always has done. This will probably be very bullish for precious metals.

Check out this post for more on the cycles of weakening US dollar and the current state of the dollar.

https://steemit.com/dollar/@sjovmaiin/the-coming-fall-of-the-us-dollar

Your fleece position routine adds a lot to the entertainment value, I'll re-post to help you become the #1 investment truther!

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Careful, the truth hurts and marksmen don't like the truth.

Hello Greg, I have been apart of steemit for a few days and I put my currency analysis on steemit from now on. My user name is keela. Can I just say we do need to be prepared for the reset that is suppose to be comming, but we still need to have currency for our daily transaction. Nobody in my social circle is going shopping and is blaming high shopping cost on the devaluation on the currency but are just saying,"prices are going up" the government do not want them to have the true education.

Congratulations @marketreport!
Your post was mentioned in my hit parade in the following category:

  • Comments - Ranked 6 with 110 comments


DXY just broke below its 100 day moving average. We do have fibonacci support around 96.7 or so, but if that also breaks there is nothing but air until the 91 level. No trend line in sight to give support until 88 or so. So watch if it goes below 96.5 or so!

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Dollar is extreme oversold - moreover, hard breaking resistance for euro index is about 90.50 (now euro index represents 90.32). So we are near bottom for USD Index - something between 96.50 - 97.00.

Greg, I would go a step further as you have alluded to earlier. This might be the leading edge of societal breakdown. For those who agree, I would recommend stocking medications. 90% of all antibiotics are manufactured in China. It would take a very long time for US Pharma to tool up, not even considerating supply chain issues.

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Always a good idea to be ready for anything.

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These times turn the concept of currency, money, value, success on it's head. It is said that one of the scariest things to behold is a hungry person. The average American meal travels 1500 miles to table. Supply chain disruptions are unforgiving. Reminiscent of Greg's repeated warnings to us that the lives of our families are at risk when the markets return to fair value. Thanks for your genuine support, Greg.

You're so right about getting out of the Fiat Dollar... Check out my Blogs on the topic... @pocketechange

Hope you're still buying silver, Greg! :)

  1. At what level do u expect the dollar to bounce?It has declined a lot.
  2. Why doesn't PMs respond proportionately to the dollar's fall? It is rather disappointing.
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Because it is a rigged system

Have a great Weekend Gerg

Yea, lets expose The wizard of Oz and his/their dirty tricks!

Figuring this out, Is steemit going to replace youtube, which has been overstepping ?

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It's a project that's been spoken about a lot over the last year, Steemq

Fantastic, as usual. You have always had the backs of us, your viewers. Don't think we don't know it and appreciate it. Have a great weekend!

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Now stocks, gold an silver are rising, but in next week all of these will fall when dollar will go up. Something like this has happening in Venezuela (but much bigger scale) - when currency is falling in faster mode, when almost all assets is rising. But when this currency will go up, then almost assets will fall.

I agree. The dollar has lost it purchasing power for decades. What are your thoughts of putting those worthless dollars into food, water and every day supplies as in stockpiling???

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I would definitely do it; there are lots of sites that say we could get into a serious scenario if someone attacks the grid and gas can't be pumped, and the factory that makes your bread and bottles your milk can't operate, and nothing gets out to the stores. Better to have it and not need it, than need it and not have it. And don't advertise to anyone that you have it. I have a small camp stove and bottles of propane if needed. Have enough water for brushing your teeth, and look up online how to take a full bath with less than a gallon of water. If you can, do a rainwater cachement for water to wash clothes and flush the potty. make sure you have tp, paper goods and disposable eating ware

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Definitely need to be prepared or at least have a community to source things you need.

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People are our best resource and only cost the time you put into them. Thanks.

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friends are essential, especially ones who won't mind stockpiling for you, or sharing their last morsel of food

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We once had close communities. Folks would be friendly to each other and help each other whether that be borrowing a cup of sugar or fixing a car. Today we stay in our homes and get on our tablets and laptops and televisions. We need to rebuild communities again and be very tight as a group. Thanks for sharing. So agree. Blessings. Troy

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That is what I thought too. Supplies are as much if not more important than cryptocurrency and metals. I figure what is on sale today may not be on sale or even available tomorrow. Our grand parents and their parents would stock pile for a rainy day. Well I think that rainy day is fast approaching. FIFO over a 3 plus year period. Works for me. Thanks.

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A comment I posted (on one of Greg's earlier posts I believe) shows how I thought it would hit 2,000 and maybe even $2,500 soon... based on fundamentals... technicals show a 2,000 resistance... in my opinion.

Been following you on Youtube for years. Appreciate what you do!

Follow me and I'll follow you.

Bitcoin above 2200 USD on BTER.COM

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I bet the Indian and Korean exchanges are also higher in USD equivalents.

It has been an interesting week thus far. The DOW is currently up around 165 points as the talking heads babble on..............

Hey Greg, I'm not sure I understand what you mean by becoming your own central bank, since we can't print money. I know you recommend buying and holding precious metals, which I'm doing with whatever is left from my paycheck. Same for crypto-currencies. is that all you mean by becoming your own central bank, or is there something else you do?

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Sounds like you are your own central bank already. Nice job.

So Greg, I am thinking you don't want us to hold fiat currency, if I read between the lines here? 😁 Greg again is not just blowing Steemit up our butts. Hope to see Saturday Greg back here.

@marketreport Greg, this should be your new slogan:"Call your Doctor!". HAHAHAHA

Greg Thank You for the inf !

Have yourself a well deserved break by the pool man :-)

Hello Greg, the fleecing continues...
We need to stop OPEC and the manipulation.
Paintings selling for $40,000 ten years ago now selling for $100million?
If that's not proof the dollar has lost value then nothing will

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My thoughts are why not circumvent OPEC all together?

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agreed, take out the manipulators

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🍁 I just did a new post 🍁

Add a new entry daily to the draw 😜

Why is the dollar still strong? When will it really melt? iv been hearing this since past 3 years... :( i guess till the bitcoin dosent reach 10000$, the dollar wont collapse. Also how will the bitcoins be valued?

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I think that you find anwer about dollar in "When money dies" by Adam Fergusson

Interesting about the $ , it seems that surely it is heading down.

Your videos of late are the best summaries of whats happening I have seen. My strategies are following your advice. And your humour thrown in is great. I follow every video of yours and I have just joined steemit. Keep it up! Cheers!

it is a shame the lame main stream media does not report the truth like you do

My hair is so messy now Greg. Half combed hair is no good.

Great job Greg, always on point. Keep it up =]

As fiat currency struggles, cryptocurrency will only get stronger in my opinion.

thanks Greg.. you are doing a free service. You should do E-toro as I am not a trader and never was. I'd just shadow your account as you seem t have a the brains to navigate this market.

Greg, your video was so good, I paused it, got an Exodus Bitcoin wallet, and bought some bitcoin, and then came back to listen to the rest of the video.

You really do know how to kick somebody up the ass to get them active. You are the man!

Thanks greg. We need a lot more to pay attention.👍

Greg, I would go a step further as you have alluded to earlier. This might be the leading edge of societal breakdown. For those who agree, I would recommend stocking medications. 90% of all antibiotics are manufactured in China. It would take a very long time for US Pharma to tool up, not even considerating supply chain issues.

Greg, I bet 10 STEEM, that you can't bear one weekend without telling and teaching your loyal followers how crazy the world has become. You know exactly that passion must be shared! Looking forward to win!!! Great show and your profile is "Godfather"- alike.

Greg, this is the first time I watched one of your videos because I just barely found you here online. Thank you for the warning and advice! Do take some time out this weekend to grab some sun and relaxation. It will do us all some good in the long run. Have a great weekend!

UpVoted... Have a Good Weekend Greg !!

     ~~~ STEEM On !!! ~~~

Greg: I finally got in! I am so thankful of your sharing of wonderful information about steemit!!!

greg I am not clear where to put dollars. You said not to buy real estate now. I do own gold and silver.

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Open an account on Coinbase.com and Buy some Bitcoin BTC. Do it today.

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Cryptocurrencies are interesting option nowadays.

Warning! We should closely observe US dollar, because it's no more in peg with stocks - so dollar was pro-hossa currency and now is pro-bessa currency. We can see this at charts for stocks, commodities, UST yields - all of these are rising!. Moreover, ratio Nikkei/S&P500 have reversed its curve and are no more in peg with USD/JPY - it confirms that when dollar will rise, then stocks, commodities, PMs will plunge (and bonds will rise). So when it happend? Correction for dollar statisticly last 2 - 4 weeks - it depends from plunge momentum. And now dollar is extreme oversold and its next hard-breaking support level is 96,10 - 96,50! The fall of dollar has started 11th May, so in next week for 99% dollar will rise - in my opinion it may be happen between Monday and Wednesday.

I have been watching you for some time now and your choices you have made have been out standing . I'm in to HVAC/R and us to waste my money on sense watching you I got into long term goals like you said silver. An I would like to get into the stocks but don't have the time and I don't trust other people with my money you know the firms and the laws that back them. I just want to say you are great at your job and make some great choice. I'll keep following you to keep learning. Have a great weekend and keep up the great work.

Great video Greg !!!! Some people still don't get it yet !!!!

Greg I don't comb my hair? I just had to say it!

What do you think of the junk bond market at the current moment?

I think crude oil will go out the window in the near future. Probably under $70 but in the short term they have been slugging people everytime an OPEC meeting takes place. They smash the prices down heavily and then a buying spree takes off. It's a load of BS coz I lost big money due to this reason even when I knew oil will go up. It's shambles!

not combing just picking

I at least want to be kissed before I get fleeced.

Guys, don't forget to up vote the comment section also, and follow each other

pm's rising a bit. but not really in euro, the dollar is diving so deep. calling dr. slv...

Greg, BTW my new after market close occupation = upvoting your posts and following and upvoting all the commenters

HI Greg , Thank you for keeping us posted

This was hilarious! Enjoy time by the pool!

Greg you're the man

Great update on the market. Still figuring out how to upvote & share, etc.

Thanks for your work Greg. The US dollar has been overvalued for about 3-4 years now, and it looks like it's under pressure, we should look for further declines in the dollar index. Be careful to identify support areas as the bounces could be strong due to recent strength.

Check out my post on the dollar index and the euro.

Thanks.

You should trade mark the term "Become Your Own Central Bank" and market it on all your posts.

Good few weeks for the Euro.

There is so many people with only 1 functioning brain cell out there. And they I fear will pay the price when this whole thing comes crumbling down. Keep up the great work! Thanks
@digestingreality

If bitcoin etc has a safe haven bid then I imagine it would draw some potential investment from the metals...yes? ...no?. But if bitcoin has become an exponentialy expanding safe harbor would that not render metals suppression pointless???
Thanks Greg

I start switching to steemit after following you for year in youtube. Great job!

Greg, none of us can comb our hair as well as you do. That slick, gangsta' look is far too impressive!

Greg, keep up the good work. I just joined Steemit; I have been following you for years and I'm pumped that you are now on Steemit.

Hi Greg, long time watcher. I'm in Australia. Is holding cash more of a US concern at the moment? I exited the stock market and I'm holding cash to pay for a house renovation soon..

This post has been ranked within the top 10 most undervalued posts in the second half of May 19. We estimate that this post is undervalued by $39.16 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: May 19 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

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I think they just love being fleeced. LOL

Great advice as always, Greg! Thanks for bringing me to Steemit!
Can someone please resteem my first posting that I wrote about finance. It is frustrating that it is not going anywhere. I would appreciate it. Thanks! https://steemit.com/life/@jdawg/advice-to-my-younger-self

Thanks Greg. Have a great weekend!

Great video blog as usual Greg. I was most amused by the witnessing of you being a bit more animated than other posts. Not that you don't regularly have fun with your audience while you are educating them daily. I believe this is what helps folks learn the lessons. Thanks again for all that you do for your readers. I routinely look forward to your updates. Enjoy your weekend!

Thanks Greg, I wonder when the herd will turn to the precious metal... The cryptos already shining the light on the sick USD and all other fiat...

Resteemed sir.

I invest in gold, silver, mining stocks and cryptocurrencies. I cannot decide where I should put more of my money in to be protected from all of this.

Greg, Your newest stock picks on Tradershoice.net do not specify if you are buying a Put or Call.

Just what the pres wanted

What choice to the middle classers have though. Worthless or not they will always hold cash

Greg, this is great stuff! Resteemed! I follow your advice to the tee. Keep it up.

Thanks Greg for leading me to STEEMIT! What a great concept and forum. Still trying to get a handle on cryptocurrencies, but diving in!

Silver American Eagle US Dollars will never meltdown.