October 3, 2013, by Ken Jorgustin
“The bubble in debt that we have on a global scale, is, without at doubt, the greatest threat to human kind. Greater than nuclear exchange, because when that debt bubble bursts, resources will become scarce. That’s what it really comes down to…through the mechanism of hyperinflation. We’re going to have a loss of life on a global scale…”
Check out what Gregory Mannarino just said with Greg Hunter…
The following are excerpted statements from Greg’s most powerful interview yet. Mannarino has a way of simplifying what’s going on, and once it sinks in… it becomes a terrifying reality – even if you are prepared!
AS the debt bubble implodes, the dollar will collapse.
A dollar bill, a hundred dollar bill, whatever… these are not units of wealth. They are units of debt. They are owned and owed back to the Federal Reserve, plus interest.
The reason there is no hyperinflation yet, is because there is no money velocity. The economy is dead. Money velocity is the rate at which cash is moving through an economy and changing hands. In fact we are at historic lows.
Image: USAWatchdog.com YouTube video interview
What’s at historic highs? The monetary base. Money printing…
This is what the Federal Reserve has done to the monetary base since the party was over in 2008. This is the money held in the banks.
Image: Federal Reserve
Once all this cash enters the consumer side, rather than just being held and propped up in the banks, the monetary base will have explosive inflation.
Coupled with that, we know that nations are backing away from the dollar.
There is a massive supply of these bills with very very low demand.
We are in the biggest bubble in the history of the world.
The history of mankind has never seen anything like this.