When rates start to go up, look out below. Mannarino explains, “You are going to have central banks do whatever they can to attempt to stop the bleeding. That means they are going to be the buyer of last resort. They will get in there and try to buy everything, and that will melt the currency. As rates spike, what will that do? You are going to see a lot of pressure on the stock market. The only reason why the stock market is where it is today is rates are low. You will get an opposite effect. So, you have massive sell-off potential here, and I mean massive in the bond market followed by a massive sell-off in the stock market.”
Mannarino expects war to come into play. Trader/analyst Gregory Mannarino predicts, “This is going to lead to another world war. . . . I have said this many times, and that is this has the potential to be Biblical. It will be a worldwide event or a correction to fair value is really what it is. We might be seeing the opening salvos already. Governments around the world are building up their militaries just like the U.S. . . . We are unfortunately going to clear this out and lose a large percent of the world population through this financial correction and war. We will rebuild, but the world will not be what we are seeing now.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Gregory Mannarino, founder of TradersChoice.net.
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