From Jeannine - Gregory Mannarino CURRENCY DEVALUATION A MUST WATCH Strongest Warning He has ever put out!
THE CONSEQUENCES OF CURRENCY DEVALUATION ARE HITTING EVERYTHING AT ONCE.
From Greg M
Gregory Mannarino
Oct 15, 2026
MAJOR KEY POINT. Lions… inflation, Bonds, AI, Bitcoin, Energy and the Economy Are Being Forced Into the Same Repricing Loop.
Yesterday Lions gave us one of the clearest AND GLARING signals yet of something we have been discussing for a very long time.
The value of the currency itself matters.
Lions… lets stop here. AND AS YOU ALREADY ARE WELL AWARE…
The fix here is to emergently return purchasing power to the currency… but that will NOT be allowed to happen.
Why?
Because a continued devaluing of the currency IS THE KEY to legally siphon wealth right out of our country, and its middle class via CLICK-The Cantillon Effect and transfer that wealth right up to the protected Epstein Class. THEY WILL WIPE-OUT AND DESTROY OUR NATION, AND ITS MIDDLE CLASS FROM WITHIN….. UNTIL WHAT THEY ARE DOING IS COMPLETE…
To emergently return purchasing power to the currency would require VASTLY higher rates, which would cause a stock market freefall on an epic scale. AND THAT WILL NOT BE ALLOWED TO HAPPEN YET AND WHY?
Because 90+ percent of the world’s stock market is owned by the 1-2 percent Epstein class.
MAJOR KEY POINT. Lions. When the purchasing power of currency deteriorates, nothing exists in isolation.
Food reprices. Energy reprices. Labor reprices. Housing reprices. Debt reprices. Bonds reprice. Stocks reprice. And eventually the entire financial system is forced to confront the same question…
WHAT IS THE CURRENCY ACTUALLY WORTH?
For the new Lions here…
When I use the term currency devaluation, I am talking about the deliberate WIPE OUT of the dollar purchasing power. NO COMEDY OF ERRORS GOT US HERE NOR ANY POLICY MISTAKES….
MAJOR KEY POINT. Lions. Yesterday’s CPI report showed us exactly why this matters.
The September Consumer Price Index rose 0.6% in one month and 3.7% year over year.
Gasoline surged 9.1%.
The broader energy index jumped 5.2%.
And with that, core inflation also came in higher than expected. (AND LIONS WE NAILED IT).
Lions. The message here is unmistakable…
THE ENERGY SHOCK WE HAVE BEEN WARNING ABOUT, IS BLEEDING OUT AND EMBEDDING ITSELF INTO THE ENTIRE SYSTEM
MAJOR KEY POINT. LIONS… AND NOW THE BOND MARKET IS TELLING US SOMETHING EVEN MORE IMPORTANT.
Yesterday immediately after yesterday’s CPI report, the 10yr Treasury yield surged toward 5.33%.
But then yields reversed BIG TIME.
Yesterday afternoon, the 10yr fell back toward roughly 5.18%. And even with that, technology still couldn’t catch a bid falling over 500 points.
YESTERDAYS CLOSE…
And this morning….
THE SIGNAL GOT EVEN LOUDER.
Lions. As I am writing this, the 10yr Treasury yield is now around 5.09%. AND STILL TECH IS UNDER PRESSURE IN THE FUTURES MARKET.
MAJOR KEY POINT. Lions. Remember where we recently were, a 10yr at 5.36%.
Lions. For rate sensitive technology stocks, a 10yr yield this morning drop, as fast as we have seen unfold, should be an enormous gift to tech stocks.
YET NASDAQ FUTURES ARE DOWN MORE THAN 1%.
THAT LIONS IS A TELL.
Think of it like this…
When yields were higher, the market could say…
“Technology is falling because yields are too high.”
But this morning, yields are collapsing.
And technology is still falling.
Lions… with that, the market is asking a simple question..
“ARE THE ASSETS BEING FINANCED BY DEVALUED CURRENCY ACTUALLY WORTH WHAT INVESTORS HAVE BEEN PAYING FOR THEM?”
Lions. To me, and I am sure you… THE ANSWER IS NO.
NO ON A GRAND SCALE.
MAJOR KEY POINTS. Lions, this is not just a handful of US just stocks having a bad week.
South Korea’s KOSPI plunged 7.57% overnight, closing at a six month low. During the session it fell more than 9%, triggering a 20 minute circuit breaker.
Samsung Electronics dropped approximately 9.5%.
Foreign investors dumped billions of dollars of Korean equities.
Japan also suffered heavy technology losses.
Lions… WE ARE NOT just looking at investors just pulling profits…
We are looking at a global repricing of AI and semiconductor exposure. (FULL-STOP).
LIONS. THE GLOBAL FLIGHT FROM THE US DOLLAR IS GETTING SO INTENSE ,THAT NATIONS THEMSELVES ARE LOOKING ELSEWHERE
MAJOR KEY POINT. Lions. Governments and state entities are increasingly exploring non dollar markets. THIS, IN AND OF ITSELF, is massively dollar negative.
Citigroup, which is an American multinational investment bank and financial services corporation headquartered in New York City said THIS…
“Government borrowers are looking toward renminbi, the Australian dollar, Hong Kong, and Singapore markets as governments attempt to finance infrastructure, defense and development OUTSIDE THE US DOLLAR SYSTEM.”
What’s the fix?
Lions that beings us full-circle…
TO RETURN PURCHASING POWER TO THE US DOLLAR EMERGENTLY AND IMMDEIATLY…
AND NOW……….. US SMALL CAP COMPANIES ARE IN TROUBLE.
MAJOR KEY POINT. Lions. Yesterday the Russell 2000 moved into correction territory. That matters far more than most people realize.
Why?
Small businesses do not have trillion dollar market capitalizations.
They do not have enormous cash reserves.
They do not have unlimited access to cheap capital markets.
So when the currency is devalued, they get hit.
THEN WE HAVE THIS… A NEW WARNING.
Lions. The International Energy Agency is SOUNDING THE ALARM warning that diesel shortages could persist well into 2027 due to the US/Iran war.
MAJOR KEY POINT AS YOU ARE ALL WELL AWARE…
The US inflation crisis does not end at the crude-oil barrel.
IT MOVES THROUGH THE DIESEL PUMP, AND INTO THE COST OF EVERYTHING.
AND THEN WE HAVE THIS……………………………
THE COST OF SHIPPING OIL ITSELF IS EXPLODING
Lions… lets put this into perspective.
Today, one supertanker voyage from the US to Japan cost approximately $81 million.
A year ago, a comparable voyage cost roughly $9.1 million.
That works out to $40.50 per barrel just for transportation on that trip! (Go ahead, make it up).
AND…. THE STRAIT REMAINS IN COLLAPSE.
Lions……………………yesterday a container ship and a dry bulk vessel sank near the strait after projectile strikes.
Iran has changed tactics, and increased pressure on commercial shipping.
Saudi Aramco infrastructure has also been attacked as we discussed yesterday.
INSURERS WILL RAISE PREMIUMS FROM HERE… AND THAT MEANS YOU FOOT THE BILL.
THEN THE IMF WARNS……. AGAIN.
Lions, this morning the IMF warned that prolonged war and renewed disruption to shipping, energy production, critical infrastructure represent the largest energy risk IN HISTORY.
LIONS… THE “GREAT REPRICING” IS ACCELERATING…
Lets put this together.
Inflation continues to rise.
Energy is feeding inflation.
Diesel is vanishing… (as of October 2026, 12 US states so far have declared a diesel crisis…)
Shipping lanes are under attack.
Government borrowing is enormous.
The tech hyper-trade is unwinding.
Small caps are under pressure.
Semiconductors are being liquidated globally.
LIONS FINAL MAJOR KEY POINTS.
Inflation is still the root pressure… purchasing power erosion continues forcing prices higher throughout the economy.
Treasury yields have plunged from the recent high… yet technology continues falling. Suggesting the problem is becoming about valuation, (sound familiar?) Lions. We have only been warning about this repeatedly as far back as you want to go
The tech/AI selloff is global… Korea’s benchmark index fell 7.6%, triggering a circuit breaker as semiconductor giants plunged.
Credit/debt markets are beginning to question AI hyper-scale financing…
Diesel remains a major inflation threat… shortages could persist into 2027.
Oil freight costs have exploded…
And therefore…
THE CONSEQUENCES OF CURRENCY DEVALUATION ARE HITTING EVERYTHING AT ONCE.
GM
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LIONS FINAL MAJOR KEY POINTS.
Inflation is still the root pressure… purchasing power erosion continues forcing prices higher throughout the economy.
Treasury yields have plunged from the recent high… yet technology continues falling. Suggesting the problem is becoming about valuation, (sound familiar?) Lions. We have only been warning about this repeatedly as far back as you want to go
The tech/AI selloff is global… Korea’s benchmark index fell 7.6%, triggering a circuit breaker as semiconductor giants plunged.
Credit/debt markets are beginning to question AI hyper-scale financing…
Diesel remains a major inflation threat… shortages could persist into 2027.
Oil freight costs have exploded…
And therefore…
THE CONSEQUENCES OF CURRENCY DEVALUATION ARE HITTING EVERYTHING AT ONCE.
GM
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