The Middle Classes Will Be Wiped Out – Gregory Mannarino


The ECB (European Central Bank) has announced another QE program, upping their money printing from €60Bn to €80Bn per month! Greg asserts this will lead to a massive crash in 2016-2017 wiping out the middle classes and warns it cannot be stopped.

Negative interest rates wont work! Over a quarter of the countries in the world have negative rates at the moment distorting asset prices. The IMF downgraded the global forecast again this month (March 2016) and Greg asks what keeps the system going? It all boils down to confidence.

With everyone getting out of Stocks, Bonds and Equities there will be a rush into hard assets.

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And the only way to protect yourself is to own hard assets – Gold, Silver, Oil and Productive Land.

Here is the link to the picture Greg talks about –

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