MANNARINO: Expect Central Banks to Buy it All in 2024

Stock market approaches record high, how is that possible?

NOTE TO READERS: The article below was found in this week’s Trends Journal. Please consider subscribing below for the world’s best trend-forecasting and independent news analysis.

SUBSCRIBE

---

By Gregory Mannarino, TradersChoice.net

Here we are now at the end of 2023, with a world economy coming apart faster than any other time in history and a middle class that is rapidly being erased.  

Here we are now at the end of 2023, with global debt surging ever higher, being compounded by out-of-control deficits and RECORD high “government” spending. 

Here we are now at the end of 2023, seeing a world being deliberately pushed ever closer into a neo-feudal system of hierarchy, and the biggest transfer of wealth ever. A situation in which every day more and more people are being made to succumb to direct dependency on the current system, a system which itself is destroying them.

And here we are now at the end of 2023 with the stock market at new record highs!

How is this even possible? 

For any person who follows my work the answer is blatantly obvious. First, there is no connection or correlation whatsoever between the economy and the stock market, they are totally detached from each other. Moreover, the gap between the economy and stock market is going to get even larger moving into 2024. I have also outlined multiple times in my work that the FASTER the economy craters, the HIGHER the stock market will go. 

I expect that moving into 2024, collectively and by no means coincidentally, world central banks are going to embark on what may be the end game to their final solution…

If you were to ask a central banker what is the “job” of a central bank? The answer would invariably be “to maintain price stability and full employment.” But the actual GOAL of every central bank is only one thing: to issue their single product to the world.

What is the single product of every central bank? Debt, PERIOD!

And the more debt any given central bank can issue or is called on to issue, by for example a “government,” the STRONGER the central bank becomes. This very mechanism is the NUMBER ONE REASON BAR NONE why global debt, which now stands at a face value of $307 Trillion, (face value, not accounting for its associated derivatives which brings this number into the MULTIPLE quadrillions). 

ECONOMIC UPDATE: THE BUY-NOW, PAY LATER ECONOMY

Every single so-called developed nation on Earth, none more so than the U.S., has become a slave to its central bank, which includes its citizens. It’s central banks which run the economy, the financial markets, and the financial system itself in its entirety.

Ever since the inception of central banking, these institutions have had a single objective, to one day “OWN IT ALL.” To be both the LENDER AND BUYER of last resort.

The set up right now is this. 

Come 2024 central banks are planning to VASTLY increase their purchases of assets and massively inflate global debt. 

Expect bond yields to drop in 2024, and more cash to make its way into the stock market. Also expect housing and real estate prices to go even higher. Expect that central bank issued notes will lose even more of their purchasing power, and expect that the world economy will deteriorate more rapidly than ever before.