Last week, President Barack Obama alienated the new Republican majority by first threatening, and then implementing, a new set of Executive Proclamations that will allow over five million illegal immigrants from potentially being deported and to begin receiving access to elements normally reserved for American citizens. However, while both Congress and the mainstream focused on the Constitutional side of this debate regarding illegal aliens, economic analyst Greg Mannarino noted on Nov. 24 that the President’s new agenda had little to do with protecting the rights of illegal’s residing in the country right now, and more about creating a new pool of consumers or benefactors to provide reasons for the Fed to borrow and print more money, especially as the central bank winds down former debt creation schemes such as Quantitative Easing (QE) and low interest rates.
During his 22 minute interview as a guest on USA Watchdog, Mannarino laid out the current and future play for the Federal Reserve in how they are planning on keeping the debt based system going, and primarily how that will entail unimaginable schemes, such as the amnesty of millions of illegal aliens, to ensure there are facilities and markets available to counter the Fed’s need to increase the money supply, and keep the entire system from collapsing.
Greg Hunter: They (Fed) can’t let this go down. So where are we in the arc here when we have this much manipulation (Forex rigging, precious metal rigging, Libor rigging, interest rate rigging), where you have top money managers saying you can’t use fundamentals, you just have to play the central banks?
Greg Mannarino: It is clear to me that they are absolutely desperate right now, and that also means that we must be very very close to a major event here. I don’t believe we have seen the actual end, because central banks are going to everything you just talked about, plus more. They are going to do things we can’t even conceive yet.
They are going to pull surprises that are going to shock people. And one of them Greg, is what Obama just did in regards to the immigration reform. This is a dollar propping up mechanism. People need to understand that this is all about our debt based economic model. The mechanism requires, absolutely requires that they come up with more and more reasons to borrow cash into existence… it’s a debt based economic model.
So, all the things you’re talking about (market rigging), all the propping up mechanisms, all the actions from the central bank are about propping this (dollar) up because we have to be near the end here. – USA Watchdog
Greg Mannarino’s analysis about the Federal Reserve, and how they intend to use a multitude of schemes implemented through U.S. political policies, falls in line with many current events going on right now such as Washington’s need to protect the petro-dollar and counter Russia and China’s growing agenda to replace the reserve currency. In fact, the recent ‘secret deal’ made between the U.S. and Saudi Arabia to increase production and force down the price of oil to cause economic havoc in Eurasia is but another roundabout mechanism created by the central bank to keep the current dollar based system functioning and in control.
In addition, another top money manager by the name of Hugh Hendry came out last week and said that every market is now driven by the central banks, and investors can either go with their trend of upward expansion in equities, or face obliteration by relying upon fundamentals and technicals.
By forcing on the American people a binding immigration reform proclamation outside of normal Constitutional channels, President Obama placed not only his political future at risk, but any potential of a bi-partisan working partnership between himself and Congress over the next two years. However, since it appears much more likely that this sudden push to partially legalize illegal aliens immediately after losing both Houses of Congress earlier this month is based on something not being fully understood by the American people or the mainstream media, Mannarino’s assessment that Barack Obama is implementing this scheme as agenda for the Federal Reserve to prop up the dollar and keep the rigged system functioning answers alot of questions that have more economic answers than political ones.