MANNARINO: 'MAR-A-LAGO ACCORD' A Real Solution, Or Just Another Ponzi Scheme?

Let’s see why Wall Street is getting so excited about the Mar-a-Lago Accord.

NOTE TO READERS: THIS ARTICLE WAS FOUND IN THIS WEEK’S ISSUE OF THE TRENDS JOURNAL. SUBSCRIBE NOW FOR HISTORY BEFORE IT HAPPENS

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BY GREGORY MANNARINO, TradersChoice.net

THE WORLD right now, today is experiencing a rapidly worsening multi-crisis event, and at the top of the list, there are five interconnected dynamic forces in play. And these are:

1. An inflationary crisis,

2. A currency crisis,

3. A debt crisis, (and this is what the Mar-a-Lago Accord is attempting to address specifically).

4. A liquidity crisis, and

5. A growing inability to pay the interest on U.S. debt. (And this plays right into number 3).

These five simultaneous crisis events listed above are obviously interconnected, and there are real solutions which could be implemented to fix the system.

However, instead of addressing these issues head-on, Wall Street is getting very excited about the rising possibility of a debt-restructuring proposal called the Mar-a-Lago Accord.