The Debt Meltdown Has Just Begun with Gregory Mannarino
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Interview recorded - 22nd of March, 2023On todays episode of the WTFinance podcast I had the pleasure of speaking with Gregory Mannarino, “The Robin Hood of Wall Street” and Founder of Traders Choice. During our conversation we spoke about the current banking crisis, how this could lead to a debt meltdown, what this means for personal freedom and how you can protect your wealth during such a situation. I hope you enjoy!0:00 - Introduction0:15 - What is Greg’s opinion on the banking crisis?2:40 - US regional banking system is unique3:35 - Consolidation of the banking system6:00 - How are central banks removing liquidity8:20 - Could there be protests against bank bail outs?9:54 - FED balance sheet growing11:15 - Treasuries and government bonds caused the current problem12:13 - Can markets hold up with current issues?16:09 - Unrealised losses on balance sheets19:00 - Race for the door21:55 - What will the catalyst for the next crisis?24:15 - Will the FED be the one bank in the US?27:30 - Assets to protect wealth during a debt crisis?30:40 - One message to takeaway from our conversation?Gregory Mannarino, also known as "The Robin Hood Of Wall Street," is an active/full time trader of the capital markets with a world-wide following.Born on July 22, 1965, he became interested in "Wall Street," like many others at the time, in 1987 after seeing the movie Wall Street with Michael Douglas. Around that time he was able to get an entry level position, then subsequently to the trading floor,  at the now defunct bank Bear Stearns, but within a relatively short time realized that working on Wall Street was not like the movies and moved on. He went on to get a medical degree and practiced medicine as a Physician Assistant beginning in 1996, now retired from practice. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieutenant. Gregory even published a book on casino Blackjack strategies years later, and was banned from playing the game in Las Vegas casinos.Gregory Mannarino - YouTube - https://www.youtube.com/c/GregoryMannarinoTraders Choice - https://traderschoice.net/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas