Bond Market Bubble in Search of a Pin-Doug Casey

Doug Casey of Casey Research: Bond Market Bubble, Gold and Silver Important to Own and MoreBy Greg Hunter’s USAWatchdog.com 

Author/investor Doug Casey says, “We’re in a bond bubble.  This is much more serious than the other bubbles because the bond market is much larger than either the real estate market or the stock market.”  Casey explains, “What the government has been doing in an attempt to prop up the failing economy and prop up failing banks and brokerage firms is keep interest rates at very low levels, and that has taken bonds to very high levels.  That bubble is in search of a pin at this point, and when it blows up, it will be much worse than what we saw when the recession started in 2007. ” 

On the subject of the Federal Reserve, which just passed its 100 year anniversary, Casey says, “The Fed has destroyed, by their own statistics, about 95% of the value of the dollar, and at this point, the Fed has created trillions of new currency units in a desperate attempt to prop up the structure of the economy which is resting on quick sand.  They’re going to destroy the rest of the value of the dollar.  I have to compliment Bernanke of having gotten in and gotten out when he did . . . but Yellen is not going to be so lucky.  I think we are going back into the hurricane late this year, certainly no later than next year.  It is going to be much worse and last much longer and be much different than what we experienced in 2008 and 2009.”

On the timing of the bond bubble blowing up, Casey warns, “Anytime between tomorrow morning and the end of the year is how I would put it.  I am also surprised this has gone on as long as it has gone on . . . Things that you would expect to happen often take much longer than you think to happen, but once they get underway, they happen much more quickly.”  Casey goes on to say, “We’re going into what I call ‘The Greater Depression.’  It’s going to be much more serious than what happened in the 1930’s. . . . A depression is a period of time when most people’s standard of living drops significantly.  Now, why is the standard of living in the U.S. as high as it is? . . . Well, debt is the major reason for it.  When you have debt, it means you are consuming capital that somebody else has accumulated in years past or you are mortgaging your future that you are going to earn in the years to come.  There is a gigantic amount of debt in the U.S. at all levels—governmental, corporate and individual.  Debt is a sign you have been living above your means.  It’s a debt bubble, and this is a major reason the government wants interest rates low.  When interest rates rise, it makes it harder for people in debt to service that debt.  They are simply delaying the inevitable at this point, but it is inevitable what is going to happen, and we are going to have a fantastic depression.”  Casey adds, “There are a lot of people who are eating caviar who should be eating rice. The businesses that are catering to those patterns of production and consumption are going to go bankrupt, and their employees are going to have to find new jobs, and I don’t know what they are going to do.”  When things get really bad, don’t expect any global government to come to your rescue because Casey says, “None of the governments of the world today are solvent, and none of the banks in the world today are solvent.  The big banks and governments of the world are like a couple of drunks that are leaning against each other to hold each other up.” 

On physical gold and silver, Casey says, “Gold is more important to own and perhaps a better bargain now than in 1971 or 2001, and the same is true of silver.” 

Join Greg Hunter as has goes One-on-One with Doug Casey, author of the new book, “Right on the Money.” 

After the Interview:  Doug Casey told me his company, Casey Research, has about 50 employees.  Some of these folks are experts in Technology, Energy, Gold and Mining.  Casey told me they travel the globe looking for investment opportunity that they can see firsthand.  Click here for more on CaseyResearch.com.

Comments
  1. Justin King

    Casey sagely reiterates what nearly anyone with worldly knowledge now knows from watching websites like usawatchdog and reading the plethora of books created since 2008.
    What ELSE can be said at this point ?
    It’s just a matter of WHEN and which dodgeball strategies to employ for yourself.

    • Greg Hunter

      Yes, Justin, Just a matter of when. I’ll be surprised if it really doesn’t start to unwind this year.
      Greg

      • guy kline

        Keep it up greg……..this game is getting very close to going hot. Stay well and hope to meet you some day in KC to say hi and compare notes. My sources inside the system were pretty accurate with what they had told me and your analysis and guests are right in line. They’re Trillionaires and there’s just a handful of them. They call all the shots and have for centuries. None of this ends well.

    • Rodster

      Yeah and what’s really scary is are now witnessing the opening act with all these so called Banks around the world trying to keep bank runs from taking place.

      • Rodster

        World Bank Ex-Chief Economist Calls For End To Dollar As Reserve Currency, Calls For Global Currency !

        http://www.zerohedge.com/news/2014-01-29/nothing-lasts-forever-world-bank-chief-economist-calls-end-dollar-reserve-currency

        Via China Daily,

        The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system.

        “The dominance of the greenback is the root cause of global financial and economic crises,” Justin Yifu Lin told Bruegel, a Brussels-based policy-research think tank. “The solution to this is to replace the national currency with a global currency.”

        • J.C.Davis

          Rodster I look for some country to put in place a workable system as a back up” in case ” the dollar collapses. Signing on many countries as a security fail safe plan. I think most countries would go for it. When 2/3 of the world has signed on, simply start the engine up.

          • Rodster

            You know with all the gold China has amassed, I have no doubt that TPTB would welcome the Yuan as a replacement to the $USD as the world’s reserve currency.

            But judging China by their actions they certainly don’t appear to be serious about the responsibility when they are doing the same as The Fed and then some.

            Those at the top i.e. BIS/IMF no doubt are looking at this and saying, here we go again. The other problem is the Elite want more Power and Control and this would fit quite nicely to have a complete control in monetary policy on a global level.

            We have never seen this before in history where every economy is doing the same and drag racing their currency to the bottom.

            One last thing. Christine Legarde was recently on a world bank forum where for 2 minutes she referenced a financial and monetary RESET. She never elaborated and her words were cryptic but in 2 minutes she used the word RESET a lot! The video was posted in a Zero Hedge blog and I can’t find it but this will have to do:

            http://planet.infowars.com/economics/global-economic-reset-christine-lagarde-from-imf

            “We need a reset in the way the economy grows around the world”

          • Rodster

            Well son of a gun the video is in that link I posted. Listen to her speak in the video mins 9-11

            http://www.weforum.org/sessions/summary/global-economic-outlook-2014

        • Larry

          Related to your point.
          In doing research for our blog I stumbled onto this:
          http://lonestarwhitehouse.blogspot.com/2014/01/klickex-new-imf-approved-bitcoin.html

          At first glance this seems like just a small tech startup in New Zealand (Klickex). But after doing some more digging and having some actual contact with the company, I think it may be something more substantial. Their backing is powerful.

          They have already run beta testing on this new potential global currency for these powerful global institutions in the South Pacific region. Worth following imo.

          • Geo. T (formerly , George)

            so, just one more thing the NSA can bring down…I think I’ll pass

        • Galaxy 500

          Yeah, a global bank issuing global currency will solve everything. Hahahahaha
          If the a country gives it sovereignty over to this they deserve what they get.

          • J.C.Davis

            Thank you Rodster and Larry for the links. it helps me understand the time frame of which we have to prepare. Not that I will ever give up the sovereignty of my country, however its roll as a world currency has already dissolved.

        • scfulcher

          A world currency only makes it that much easier for the elected and un-elected crooks to control our lives. The first step should be to disband the FED and then jail ALL of the crooks at the banks. Then we need to hold the MSM accountable for withholding vital information, along with ALL those in government who failed to hold these crooks accountable years ago.

  2. Smaulgld

    Thanks Greg
    Doug Casey is also one of my favorites. His books conversations with Doug Casey is also a good one. Mr. Casey is right about the bond bubble.
    QE is a way of continuing to keep the bubble going and to keep interest rates artificially low. As Doug points out the fed is printing trillions.
    The fed also knows they can’t keep it up and needs to find another buyer. That buyer I have been saying since last summer is the US citizen in the form of forced retirement accounts whereby we are called upon to buy t bonds in our retirement accounts.

    http://smaulgld.com/mandatory-retirement-accounts/

    Obama announced such a plan last night called the MyRA
    It will probably start with “encourage,emt” to buy “safe” tbonds , then become mandatory.

  3. allen ols

    GREG

    Enjoyed this emensely, waaaaaayyyyyy different prespective. CAF was ok. I will follow this guys interviews from now on, ie look for them. He couldnt quite answer the question I wanted to hear, “will there be massive civil unrest in usa, cities vs suburban, vs country side?”

    al ols fopusawd

    • Greg Hunter

      Allen,
      I try to put on a wide variety of guests and opinions. Hopefully there will be a nugget for everybody no matter who is the guest. I still like and respect Catherine Austin Fitts. She is very bright and connected. They tried to put her in jail (with totally false assertions) and ruined her financially because she tried to fight the enormous fraud going on. She wears the white hat in my book, but Mr. Casey is also very insightful. Thank you for your comment and support.
      Greg

    • lastmanstanding

      Al…Think that he summed it up with the “milk cow to beef cow” comment.

      • allen ols

        lastman;

        strong point! but I like the details:)

        al ols fopusawd

    • Dwain

      Yes there will be unrest. Our eponomy ( ponzi dependent economy) is propped up by debt and printing presses. Health care, government, academia, criminal justice , etc. is welfare disguised as 60 million jobs. When SHTF, these are gone, not to mention food stamps, HUD and every other enslaving subsidy. Man starts killing a week without food. Hope this answers your question.

  4. Rodster

    He mentioned how The Federal Reserve has destroyed so much wealth. That’s exactly what Central Banks do. We have seen this play out with every nation who has held the world’s reserve currency that is backed by any PM. Most recently it was the Brits and now we have done it it.

    When it’s the Chinese’s turn they’ll do the same thing. As Jim Rodgers said that eventually every reserve currency suffers the same fate even when backed by Gold because eventually the politicians and bankers find a way to cheat the system.

    • Dwain

      Bernie madoff got clobbered for his Ponzi scheme but Bernie Bernake gets away scott clean. Not only does he get away with the biggest P scheme in history, his minions force us, at the point of a bayonet, to keep funding the scam, even though we are on to it and have no money. Go figure

  5. Oracle 911

    Hi Greg
    Great interview. About upcoming financial/economical collapse lot of thing can trigger it, most of them was named on this site. About bright future it is 20-30 years away from our days. Reason I agree with Mr Casey there is quantity of engineers and scientists, but what about their quality? I mean what about the quality of their education, about their attitude, their ethics, their working moral or generally their moral? All of these qualities were deteriorating (not just in America) for at least 40 years.
    Your thoughts.

    PS: What we need is a lifetime (self-)education.

    • Greg Hunter

      Oracle 911,
      The only thing certain is the next two years are going to be pivotal, and not in a good way. Thank you for weighing in here!!
      Greg

    • Ugly

      I wouldn’t rely on the number of so-called scientists in the future to solve these problems. Most so-called scientists are lifers because that is all they can do and they are protected by a system called tenure. Their so-called publications are mostly regurgitations of past knowledge and add basically a ‘Value of Nothing’. There are many good ones, but many, many others live off the system as their collegues did….When ‘they’ miss work, nobody notices because they are not doing much anyway. When a ‘pipe’ mover skips work, we all notice because the crops start to wilt….When a ‘trucker’ skips we notice because the ‘goods’ arrive late.

      • J.C.Davis

        My favorite post Ugly that was so good. Well stated my man. Or woman.
        I do wish you would tell us who you really are. Reagan from the grave?

    • Clars

      Oracle 911
      What I heard AGAIN, as from almost every other person interviewed on this site is acquire “a skill or skills” to be able to support yourself and help others. This is how the Great Depression area people made it through !! Take care of yourself and your neighbor!

      A note about Engineers and Scientists, which I can only speak about the Engineers since Hubby is one and son is studying now to be a Mechanical Engineer. They tend to run in families (science minded) and most work hard because they love what they do. We also have other family members that are Engineers too. Hubby works for a federal agency and works a typical 60-70 work week. Not your typical Govt. job!! Being a Christian (which is where his morals come from) He and his team are dedicated and do a GREAT job in spite of the ridiculous regulations. It is not the Engineers that fudge the numbers or dollars it’s the crazy govt. (allow contractors to charge $900 for a toilet seat) or firms they are hired to work for that cut costs and cheat. So if they design a bridge, KNOW that it was not the Engineer’s fault (which in rare cases something is designed incorrectly) when it fails but usually the contractors trying to cut costs somewhere and use cheaper material or not the correct amount etc. Most Engineers design and oversee the project but do not build it that is the contractors and subcontractors job.

      Anyway, that’s my 2cents worth. Remember, no matter how CRAZY it gets, the Lord is in control and He has a plan to bring about His purposes.

  6. Jerry

    Greg, this is the first time I have heard Doug Casey. After your interview I would have to say I’m totally in lockstep with his economic views. Thank you for this interview .

    We are at the end stages of the governmental manipulation bubble. Greg. the Banks globally have been testing the waters for bail ins with their recent withdrawal regulations. They know the reset is coming, and they’re preparing to lock down their liquid assets in order to make the transfer into a new exchange system. I can see it coming. as clear as the nose on your face. We are “on the rail” stage of the collapse. What’s on the rail?

    http://youtu.be/Ie6XZ3buTuM

    The rich have already left in their asset transfer lifeboats ,while the rest of us stand on the deck of the U.S. Titanic singing “Nearer My God To Thee”. The bigger question is, how good can you swim , when you’re thrown into the cesspool of economic debris ?

  7. Anne Elliott

    From Milk Cow to Beef Cow… Wow Greg. That makes it real clear. Thanks for having Mr. Casey on – your ability to get great guests on is so wonderful!! You are doing good for so many – thank you!!!

    • Greg Hunter

      Anne,
      “From Milk Cow to Beef Cow” you can’t get any more succinct about what is going to happen to anyone (and that includes the middle class) with assets.
      Greg

    • TORNasunder

      Just to make it more clear. Once the milk cow’s production drops it becomes a beef cow.

  8. Ugly

    What good is making thousands in stocks if you did not secure your household first with items such as home ownership, conservative living, food storage of at least 6 months, water, and basic knowledge of survival techniques? Be positive, but be very wary because our time is short….

    • allen ols

      ugly

      lifesaver jerry can 10,000 and more. al osl

    • Galaxy 500

      Great advice

  9. chu

    Hello, Greg,

    America must have political reform in order to fix the problems. Most importantly is to get the money out of politic. Lobbyists are the culprits colluding with politicians screwing up the country.
    Then you may have a meaningful financial system reform.

    Secondly, it is required a lot of sacrifices from citizens because it has no panacea fixing it without pain. The reality is that very few of citizens are willing to sacrifice. It is like everyone wants to go to heaven but nobody wants to die.

    As a matter of fact, I really don’t think that kind of reform will happen in our lifetime.

    America and most Governments in Europe are the puppets of the conglomerates. They are also controlling the mind of majority people by owning all the major media.

    Unfortunately, the majority of the Americans don’t care of finding out the truth or they believe to believe it. As a result, they just accept whatever given by the government and the media. Few of them are too busy to make a living and take care of their families. They rather use their leisure time to relax instead of looking for alternative news.

    A lot of them are obsessed with texting, news of celebrities, sports, and video games they don’t really give a damn on current events at all.

    The fundamental rule of democracy is the self-awareness of citizens. Citizens must have a level of knowledge skill and job security and have objective mind. Then politicians cannot fool or seduced them easily. The essence of democracy is the self-beneficiary above everything. Sadly, most of Americans are lacking of it.

    Ironically, majority don’t even know the different between capitalism, socialism and communism. Do we expect these people to make a right choice during the election without influenced by the propaganda?

    Here are two interesting articles:

    “Pentagon spent 4 billion on eggs last year, operates 170 golf courses in the world and 70% of government’s property, land, and equipment belongs to the Pentagon”

    http://www.motherjones.com/politics/2013/12/pentagon-budget-deal-charts-cuts

    “Government added a bunch of stuffs on to GDP last June increasing the size at least 3% overnight”

    GDP The Mirage of Economic Growth
    http://www.acting-man.com/?p=22847

    In my humble opinion, the only one way to change America is to have some kind of “Revolution” and the outcome will not be pretty. Just take a look at the disparity between rich and poor which is astonishing. The middle class is disappearing in front of our eyes. The greedy riches are not going give up their power and share their wealth until the majority wake up and do something.

    One of the tragedies of human being is taken for granted. The best thing happening around us usually we don’t treasure until it has gone.

    • Galaxy 500

      We’ll said Chu

      • Galaxy 500

        Well said…Damn spell suggestor

  10. art barnes

    Wow, a “anarchist” in the non-violence sense of the definition. Love the interview, a knowledgeable realist who sees the world without rose colored glasses. The coming Great Depression is inevitable now, that is what I heard between the lines & I agree. A storm is coming and, as the old saying goes, batten down the hatches & prepare for sea”. Thanks for having him on.

  11. Al

    Greg, great commentary as usual. Powerful!

    RE: Real Estate Reset: I don’t have a PHD in economics and my strengths are in the technical field, however, I’ve done exhaustive research and heavy number crunching on this subject and came up with this quick answer to the above-stated dilemma. Simply NO.
    Why? A Real Estate Reset will hurt the banks.

    How? Homeowners and RE investor defaults. Let me explain:
    In short, if I have income property, I have a contractual obligation to my renters for a set period of time. If my mortgage on the income property goes up, I cannot charge more rent until the original obligation ends. In the meantime I’m upside down on my property and a default will ensue.
    The opposite is true as well, if I can “legally” increase my rent commensurate with the dollar reset, my renter will not be able to afford the new rental rate, they stop paying and I will have to file eviction notices… end result. I get a ransacked property to fix and have to pay higher mortgage rates while the eviction process evolves. DEFAULT!

    The caveat is wage inflation which increases the velocity of money and brings on inflation at best and ensuing hyperinflation. My renters and my standard of living goes down and I have to leverage that somehow which may mean a default as well.

    In short, Real Estate Reset = bad business for banks due to massive defaults Nationwide. I don’t care what the law says, you can’t squeeze blood out of a stone, if I can’t pay the bank looses. Period! Throw me in jail, I still can’t pay and now they have to subsidize my survival. It’s a loose / loose.

    Thank you for asking the hard questions, thank you for being the voice of truth. Expect another donation soon and more hits, I’m talking to many people about your site.

    Keep warm up there.
    Al

    • Greg Hunter

      Al,
      Thank you for adding this analysis!!
      Greg

    • Galaxy 500

      Al,
      I don’t think what the banks want is going to matter when the Greatest Depression comes.

    • Ugly

      Al,
      You have to think more evil instead of logical. Yes, what you say is true if ‘they’ were trying to fix the problems for all of us. But, I am convinced they are fixing the problems for themselves, and then all H*ll will break loose. We are not looking at a USA reset, but a Global reset that will be the beginnings of WWIII. The Federal Reserve does not owe you anything. They provided the ‘notes’ and We The People cannot pay the debt back. Therefore, they are restructuring and the debt will be on our backs, not theirs. Think about the game of Chess. The pawns are there for battle and their sole purpose is to protect the King and Queen.

  12. Cathy Downes

    As usual, thank you, for your efforts to bring us truth behind the ugly lies, that we are being deceived by. Keep up the good work!!

    • Greg Hunter

      Thank you Cathy and Asif for your support and comments!
      Greg

      • Janet Gaudiello

        I agree with everythhing you said. I am against letting any of these parasitic criminals to walk free.

        Also, I absolutely love Greg Hunter. I have followed many activists, and have been in touch with several, Hartmann, Rivero, Schultz (when he wasn’t just a propagandist). Greg is head and shoulders above all these men who have tremendous egos. Greg lets other people talk. He is unassuming, which is very attractive in an interviewer.

        • Greg Hunter

          Thank you Janet. You are very kind to say this.
          Greg

    • Al

      In a normal world that would be true Galaxy 500, but I contend that in addition to what I brought out, the government looses out as well because real estate tax dollars will evaporate. Let’s also add in the crony hedge funds that purchased hundreds of thousands of homes for rental, they will loose out as well. This is a Fascist system, corporations and banks rule. These people are crooked, not dumb, they know their lives are in danger if they get too cute with revaluation.

      Casey is right, you’ll be able to pay off your mortgage for the equivalent price of a pack of cigarettes. Just my 2 cents.

  13. Asif Mayet

    Thank you very much Greg Hunter , for all your efforts and hard work

  14. nm

    I’ve been reading this blog for about 3 years now & been hearing about all these predictions (even bought silver after reading about it from here and then the price crashed & has never gone up since)

    And yet, nothing particularly alarming has happened to me financially or to anyone that I know. We all still have jobs (albeit, none that will ever makes us rich) – People are still buying houses, paying their mortgages, going to college, taking their kids to daycare, etc.

    At this point, I’m confused about what this depression will look like. I think for those will real money and real assets, they may have a lot to lose (maybe hedge funds & other wall street types will lose big, but they’re not even 5% of the population)

    However, for those with very little already, I doubt their lives will change much. If you have no savings, are behind on your mortgate, have credit card debt, student loan debt…how will your life change?

    • Greg Hunter

      nm,
      in a word extreme “poverty” for most.
      Greg

    • Hugo

      Hi nm,

      I would like to suggest you read a bit about earlier busts of both reserve currencies and ”just” major nations currencies going bust. For the last +- 650 years we have reserve currencies, like the dollar failing. Here a nice graph showing it through the centuries. http://picpaste.com/pics/65fa985449b2c21c83f74af110b2cc1b.1391032064.png

      Mr Triffin explains well why all reserve currencies are doomed from birth. Its called the Triffin Dilemma. Thats why over the ages only money holds its value as a monetary asset.

      The two major recent events I suggest u look into is one the collapse of the Sovjet Union and related long term capital management (the first TBTF), 2nd the Agentinian and Zimbawes hyperinflation begin 2000 and late 1990 era.

      Hemmingway stated going broke well
      “How did you go bankrupt?”
      Two ways. Gradually, then suddenly.”

      All examples I given ment that in them societies, as Greg states well, extreme poverty

      Iam from Europe and here is not in a lot better shape fiancially. But hey, our elites can at least to try to channel hyperinflation into physical gold (money). Hint, thats why the ECB marks their gold to market (however flawed that is) and that in the USA the the treasury holds the gold and not the fed……

      The rumour now is do the local Europeans CB’s have the gold they claim they have. The EU countries have over 11k tons gold oficially and both our elites pretend its all there. What is Germany trying to do?

      Tip Greg, look into Gerhard Schroder, once German PM now on the board of Gazprom. Look into how Syria can link up alternative routes in gas piles controlled by the different fractions. Iran or the Gulf states (gotta love the Helgegian dialectic) wanting supplying and controlling the nat gas business.

      anyway, enough rambles (smile)

    • Al

      nm, true, some Cities look as if nothing has happened, they may actually look more prosperous, these are the money funnel Cities like DC and NYC and their surrounding areas, however, look at the whole picture. It is pure Hades out there for some.

      My circle of friends are all doing fine but I don’t concentrate on my immediate circle, it’s deceiving, rather look at the World picture and talk to some folks you don’t know about the economy or ask the 75 year old cashier why she’s working, hey, how about the 50 year old McDonalds burger flipper? You’ll see it’s all a facade, veneer. I knew some folks who were defaulting on their home yet they took a trip to Europe and walked the beach every day as if nothing happened. On the surface they looked well off, then all of the sudden…. POOF… what happened?

  15. Bob

    interesting

  16. Bob

    Always enjoy hearing Doug Casey speak. Clear headed thinking and insightful. The weather in South America must be great. I can leave on short notice to wash his car and mow the lawn—maybe some lite window washing. Good interview———-

  17. Eddie

    Good interview.

    It is just a matter of when. The police state is in place. The people are not paying attention. The Chinese are getting ready. The middle east is ready to blow up. If the middle east explodes, Europe will soon follow with the large islamic population stirred up. Certainly France, Germany, Italy, and England are aware of potential rioting in their countries if Israel, Iran, Syria, etc all go to war. There will be jihad throughout Europe. Not to mention worldwide attacks on western interests.
    Currencies are collapsing in Argentina, Turkey, South Africa, India, Hungary, and Indonesia. How about some contagion?

    I see Rodney King style riots on steroids nationwide in every big city. The government will use food and water as a weapon to pacify. Californian cities, Phoenix, Tucson, El Paso, Las Vegas…these cities are very vulnerable especially in light of the ongoing severe drought in the west and southwest.To quell the riots in LA in 1992, it required the Marines from Camp Pendleton, the 7th Infantry Division from Fort Ord and the National Guard. We don’t have the military forces to put down riots in multiple big cities. That is the reason for the upgrading the local police and sheriffs. It still won’t be enough. They will have to rely on armed drones, disruption of communications (shut down cell communications), and armed helicopters. The back-up plan is to circle the wagons and hold and protect a smaller geography while letting the population fight it out. Cut the power and water and let people fend for themselves. Like the green zone in Bagdad. The communications system, power grid, water system is very vulnerable. The grid systems are all tied together so it is very possible that a breakdown could lead to systemic failure over a large geographic area. I believe that the Chinese can cyberattack the grid in a preemptive or an anonymous terrorist attack.
    Foreign sleeper cell teams within the USA may be activated to strike key strategic infrastructure. It would not be far fetched to think that a special operations team from China or even Russia could strike a nuclear plant, military installation (naval especially), or key dam within the USA. Man portable nukes are probably still in the inventories of enemy states. Who is not to say that our own government would do a false flag using such a device?

    And who is talking about Fukashima? No one here in the USA.

    The perfect storm is brewing in the USA and worldwide.

  18. Larry

    Greg,

    Is it OK if I place a link to this article on my blog site? I think my readers would find this interview of interest. Our blog theme is “keeping an eye out for monetary system change”

    Thank you for the excellent quality of information you provide.

    • Greg Hunter

      Larry,
      Links are fine. Thank you.
      Greg

      • Larry

        Thank you.

        I will put a link up tonight. I also have a permanent
        link to WatchdogUSA. We are trying to do what we
        can in a small way to help spread good information.

  19. Doc Casull

    Dear Greg,

    People should understand that in a currency reset, the mortgages will also be reset. Mr. Casey is wrong in stating the mortgage value will be “inflated away.” The burden may be so intense after a reset, people will be made homeless. (By design?) G.O.T.S. – DEBT FREE BABY!

    It is not just about currency control, it is about CONTROL. The USAW community can learn from this documentary:

    http://www.youtube.com/watch?v=74Jcpsk7QSI

    454

    • lastmanstanding

      No way Doc…millions of us have played their game by their rules and paid the vig. That is the deal that they made and by God we will hold them to it. Scoff if you want but many of us still have a backbone and a set. A line in the sand.

      Millions will tell them to go to hell…There is damn near no where for those of us who have built this country to go. Many, unlike these bastards, have honor and decency for there fellow man and the earth.

      No one lives forever. Molon Labe.

      • Ugly

        I’m not going anywhere. Idaho is my home. This is where I will survive or die.

      • allen ols

        Greg, Last man;

        I just emailed Jim Willie; stating that I believed the us govmnt will comfiscate all gold, and will do like they have done in lybia, iraq, and other arab spring countries, syria included, they will take canadas gold, the vatacn gold, and anybodies they have to.

        He Replied;

        Yep

        al ols fopusawd

        • lastmanstanding

          The United States of America is my home…I, like all of you have played by the rules and now I find that they/it was all a lie.

          I do not know what the term fail is. I am not afraid of them. I am a free man and I will stay that way. I will keep what I have earned and will leave this earth on my terms.

          Al…I like JW and his rants. He and I grew up in the same neck of the woods. A spade was a spade where we came from. I had the op to view Januaries Hat Trick letter. Truly interesting. They can try taking whatever they want. The strongest of Americans are coming alive, they damn well know it…and it scares the hell out of them.

          Barry Sotero, Clintons, scrubs, and the rest of the bastards will get nothing from us…I repeat…absolutely nothing.

          I believe in the U.S. Constitution and I want to be left alone other than my family, friends and the like-minded in my community.

          I’ll end this with a few quotes from 3 patriots…
          1. Charlton Heston…”from my cold dead hands”
          2. A very close friend who is a US Navy SEAL.
          “don’t go down without one helluva fight”
          3. “Wake up or die in your sleep”

          Greg. Awesome quote and site with the last of kick ass Americans sharing the best that they have to offer.

    • Paul from Indiana

      I respectfully ask all who own property to consider that the idea of property rights has been shaky at best in our history, especially recent history. I am not sure that I trust a government that will restrict rights when things are going well, that is contemplating bailing assets in, to honor property rights in the new reset. Yes, you may have title, but who says it will be worth anything, legally binding, or recognized when the dust settles? I am not sanguine about it at all. Best of luck to you and yours.

  20. george skrmetta

    We are in the eye of the financial hurricane and will approach the back end no later that sept 2015. If you havent yet viewed THE HARBINGER its a must see our problems began with the twin towers in sept o1 followed exactly 7 years later by the financial crash of sept 08 and will be followed 7 years later when the back edge of the hurricane will arrive in full force by sept 2015. 7 7 7 , again a must see THE HARBINGER/SIDROTH.

  21. The Seer

    Your guests are confirming each other. Love how your site has grown
    in visibility.
    In meditation this weekend, I saw that the “reset” will take place this summer. And yes, the unaware will be very upset in the streets.
    The Fed will not let go as “there are too many hands in the pot” and continue on. However, eventually will back with gold. It will be a long time before that happens. The debts have to be paid with inflated dollars. Deflation and inflation simultaneously.
    Thanks Greg for all that you provide in your service to humankind.
    We can together try to re-balance in one mind with positive thoughts.

    • Greg Hunter

      seer,
      Thank you for adding your perspective!!
      Greg

  22. Paul from Indiana

    Thank Goodness for these individuals and for Greg Hunter who have the courage to say not what we want to hear but what NEEDS to be said. As I often write here (and elsewhere), the $17+ TRILLION (17+ million million) ACKNOWLEDGED debt seals the deal. All this political and monetary chicanery is merely putting off the inevitable and making the outcome worse. We had two choices after Carter: either fix the situation and be in control of it ourselves, or surrender control and let the situation fix itself. And we chose the latter.

    • Greg Hunter

      Thank you Paul!
      Greg

  23. John M.

    Greg, we are fortunate that you got Doug Casey on your show. Mr. Casey has been giving intelligent advice in his financial newsletters for many decades and I have listened with delight to hear him speak at several events over the years.
    Mr. Casey is absolutely right to emphasize that our economic situation will end very badly, much worse than the Great Depression as our currency will also collapse. He seems more concerned about the political ramifications(as I am), as it is not only our wealth that will be taken but our human and constitutional rights as well.
    It is no accident that Mr. Casey has chosen to live outside America for quite some time. He despises all governments as parasites, a sentiment that I also share. He has given this much thought and knows what is coming. Many Americans are either oblivious or in denial that our country is changing for the worse.
    I wish we all could afford to have a second home and refuge at his Galt’s Gulch located in a rural valley of Argentina, where like-minded individuals could all live with as little government harassment and interference as is humanly possible. That place will not accept food stamps, so it requires residents to possess personal responsibility.
    Mr. Casey is also right to say that the majority of Americans will insist for more government action when the SHTF, which means we can expect more government spending, taxing, money printing, and more plundering of the wealth from the productive middle-class.

    • Greg Hunter

      Thank you John M. It took me a year (or more) to get Mr. Casey and he was worth the wait!!
      Greg

  24. john duffy

    Interesting interview, Greg, however how practical is it for the average Joe to have dual citizenship, considering he has his hands full just trying to make a living. Anybody listening to Mr. Casey and buying his mining stocks he promoted the last three years have lost their shirts. It is easy to be cavalier and give out advice when you are in the top 5%, but not so easy for the rest of us!

    • Greg Hunter

      John,
      Gold and silver equal sovereignty. So does being debt free and preparation for what is coming. The poor should be on a full court press ton prepare. That means cutting cable TV, data plans and eating rice. This is not gong to be easy and if one doesn’t prepare they will be lost. Time is short. Wake up or die in your sleep. I am not trying to be mean or cold but I cannot stress enough time is short and fate will not care about excuses.
      Greg

      • allen ols

        J Duffy

        Listen to it. Last week I bought another 350 lbs of hard red winter wheat, and 150 lbs of hard white winter wheat, and 3 baofeng hand held ham radios w/extended antenna 16 in. A sawyer water filter will get you a million gal. of clean rain roof water off of metal roof not shingle. get food grade buckets free at panera bread, used pickle buckets. Do all you can, get 50 lb bags rice at sams 18.00 , get 50lb bags pinto at sams 35.00, It will get baaaaad sir. al ols

      • Ugly

        Greg,
        Having a food storage that has alot of rice in #10 cans and 5 gallon buckets is a good idea. You can easily store 6 months worth for a family of 4. In the garden, the two easiest items to grow are potatoes and Jerusalem Artichoke. In a small garden spot of 24×24 you can raise enough potatoes to feed a family of 4 for about 2 months. Each month I buy something to store, whether the purchase was $20 or $250. I buy something of value….

        • allen ols

          ugly

          check

          al ols

      • Mike Gunther

        Good Going Greg! About time somebody said it. Tough Times make for Tough Decisions. I am going to make some this week as well. Maybe a Greg Hunter Survival Plan video for those new folks who are waking up. Thanks for all you do!

        • Rich

          AGREE!!!! This would be awesome for sure.

  25. Diane Ryan

    Here in the rural Pacific Northwest many folks understand what Greg keeps talking about. They understand the time bomb of higher interest rates and debt. At the risk of painting with a broad brush, the vast majority of folks we left behind back East have no clue; much like their choice of media. They think tomorrow will be just like today, and the day after, and….. They look at us as extremist wackos.

    When we moved one of our critical criteria was low population density. We believe that when the house of cards fall, the extent of suffering in densely populated areas may be Biblical.

    Greg, thanks for helping us seek the truth.

    • Greg Hunter

      Thank you Diane for your comments and support of this site!!
      Greg

  26. Shelley F

    Hi Greg. Again, another fantastic interview.
    My understanding from the articles I’ve read about the China default is that it is one bank and one investment product only; in other words, it is not a Chinese central bank default which would be devastating to the world. If this is the case, then the the default on January 31, 2014, will only affect the Chinese citizens who invested in that investment product and won’t spread outside of China.
    But this brings me to the fact that all of us contrarians, we with the clear, un-brainwashed minds who see the devastating future in front of us, which is confirmed on a daily basis by people like Doug Casey and all of your other interviewees, have this tension about us because we know WHAT is going to happen but we don’t know WHEN. So it’s got us on edge (at least I know I’m on edge every day wondering, “Is today the day it all falls apart”?) and it’s almost like we want the crash/implosion/collapse to happen just to get it over with and so we can breathe again. Since 2008/9, we’ve all been in limbo and that’s a very long time to have to live like that. Does anyone else feel the same way?

    • allen ols

      Shelly

      Yes, ME, I am constantly reviewing my system, talking to others, asking questions, but I dont live in anxiety, as I am most prepped that the 95% of usa.
      I have great peace from Christ, but yet still on edge sorta. Its like laying on the parimeter waiting for the charge, knowing their out there, and they are coming, but when. lol

      your best defense is your preps, and an offense. Read your bible, pray often, and help others as you can.

      al ols fopusawd

      • Mike Gunther

        Amen!

    • Rich

      Yes indeed. I pray everyday, despite how painful it will be, for the collapse so that we may have, however small, a chance to start over and maybe, maybe even get our beloved country back.

  27. Galaxy 500

    Greg,
    This guy says it like it is. Is he new to the watchdog?

    http://www.telegraph.co.uk/finance/newsbysector/energy/10601899/Iraq-and-Iran-plot-oil-revolution-in-challenge-to-Saudi-Arabia.html
    What does this mean? War. All the hundreds of billions we wasted in Iraq not to mention the heros injured and dead.
    I would hope this is a wake up call but if Bozo isn’t awake yet, will he ever wake up?
    .  I think we are going back into the hurricane late this year, certainly no later than next year.  It is going to be much worse and last much longer and be much different than what we experienced in 2008 and 2009.”

    • Greg Hunter

      Thank you 500 for adding your comments and links here. We appreciate the analysis!!
      Greg

  28. e sutton

    Take a look at what’s happening in the currency markets today! Dow down about 130 points so far. I think the USD will be the best horse in the race after this fallout. And then it’s just a matter of time til we get to deflation. I’m short on cash and long on gold/silver.

  29. brian

    You know Greg, I am sitting here listening to his brutally honest and frank back and forth between you and Doug and I am just snickering to myself trying to imagine such an adult conversation happening on a major news show with the likes of that sad sack, long faced Brian Williams or that desiccated and bleached failed expression of beauty “Katie” Couric. And then my snickering quietly fades as the sickening realization of what we as human beings are honestly looking in the face here despite the fact that we are squinting our little eyes as tightly shut as possible and I almost weep.

    • Greg Hunter

      Brian,
      I have thought up a new phrase today and that is “Wake up or die in your sleep.” I am happy you are not sleeping. Thank you for your comment.
      Greg

      • Rich

        I like “wack-a-doodle” even better :)

  30. Galaxy 500

    Greg,
    Do you believe this? QE being cut another 10 billion. BS to that
    http://www.cnbc.com/id/101373881

    But remember we are safer. AlQaeda is defeated and the economy is growing (if negative measurements country as growth)

  31. Praxis

    Three words. Down, To, Earth.

    He really does it in style too. “Drunks leaning on each other.”

    The thing that bugs me the most about his vision of the future is two fold. One, man, it’s taking so damn long when the obvious is staring everyone in the face. And Two, his mention that Governments can / will do anything. So much for uncertainty and any way to plan for the future when the roulette wheel is turning and the ball still bouncing around. Keeping your head down is a lame plan but then again, taking chances and hoping for the best has the potential for an errant bullet to find your head, figuratively, whether you deserve it or not. Globe hopping is all well and good but much like John Mcafee’s unfortunate mishap, there are tar pits and constantly shifting quicksand abound. All roads look unsavory, short / medium term with xenophobia, tinderboxes and land mines littering the planet.

    What do you guys think? Just ignore it and go about whatever business you fancy and hope you don’t get “shot”?

    • Greg Hunter

      Praxis,
      Thank you for your “three words,” and all the other words in you good comment.
      Greg

    • Rich

      “Globe hopping” – I agree, I don’t think this is a good idea. Read Bill Holter’s experience.

  32. Larry Carter

    Doug is a fine representation of old line market thinking with a very strong sense of realism and views on were the world is going wrong. Greg, you pretty much covered the waterfront and let you viewers see reality vs the new paradigm the economists and banskters are promoting. I for one do not believe you can replace natural law with mans imposition of newly created laws by man(bankster).

  33. Galaxy 500

    We need to dump this guy. He’s not even a RINO, consider him Dem lite.
    http://www.triadconservative.com/2014/01/burrs-health-proposal-a-progressive-socialist-sell-out-the-week-january-28-2014.html
    I called Burr to not fund Obama care and he said it wasnt practical, it was law. Why does that matter? There are plenty of laws Obama is ignoring from immigration to Obamacare.

    • J.C. Davis

      Galaxy 500 I am reminded of a statement Judge Joe Brown made when he ruled against the rule of law He said ” When the law becomes an ass somebody has to kick it.”

  34. AL. Hall

    GREG: JUST A GREAT INTERVIEW WITH A MAN WHO KNOW THE SCORE! INTERESTING THAT HE IS IN URUGUAY -SO AMERICA, THAT’S WHERE PRES. BUSH HAS HIS 3000 ACRE PLANTATION TO ESCAPE TO WHEN THIS ECONOMY COLLAPSES. I HAVE BEEN TOLD BUSH CAN TAKE 3000 US TROOPS WITH HIM FOR HIS PROTECTION HE AND HIS DADDY ARE PART OF THE “ELITE’S” DESTROYING THIS COUNTRY.

    IT IS JUST A MATTER OF “WHEN” AS YOU HAVE SAID

  35. Larry W. Bryant

    == Alas, on the timeline of irreversible events, . . . ==
    . . . we have only three things that are certain:
    (1) Uncertainty
    (2) Uncertainty
    (3) Uncertainty
    — Larry W. Bryant (29 Jan 14)

  36. ManAboutDallas

    I’m no great fan of Ghandi, but the lad did make one comment that resonates in the current moment, and that was “Be the change you want to see in the world.”. In the current moment, that means doing ANYTHING you can to hasten the IMPLOSION and the COLLAPSE of the current PlutoKleptocracy. The FASTER it is DESTROYED, the sooner the rebuilding of a REAL economy can begin.

  37. Doug

    Hi Greg,
    Doug Casey is the man! This is the truth that the elite do not want people to know. Times are a changing and this will be the greatest storm in the history of man. The human species will be put to the test to see if it really loves life. My best to you, Greg, and all the others in the real media. Peace.

    • Greg Hunter

      Doug,
      “real media” I like that! Thank you.
      Greg

  38. Jerry

    My take on the State of the Union address last night by President Obama ?

    http://youtu.be/kpD6sKI8SpE

    • Shadow of Doubt

      After five years of empty rhetoric and amateurish sleight of hand from our wrecking ball and chief –watching the sheep drive off the cliff seems emblematic of what we can expect until common sense returns (if ever) to our nation’s capital.

  39. Shelley F

    Hi Greg.
    It’s possible (and it remains to be seen of course) I’ve just answered the question WHEN? When will this massive house of cards of fiat currencies/debt/bubbles-of-many-colors collapse? That’s the question we are all on tenterhooks wondering about.
    In a Washington Times article from October of 2012, (http://www.washingtontimes.com/news/2012/oct/25/us-economy-on-schedule-to-crash-march-2014), Grady Means reported that Paul Volcker (former Fed Chairman, member of the Trilateral Commission, Bilderberger attendee) said that we will face “a mess like this” (mass unemployment, business failures, riots like in Greece and Spain) sometime in the next year and a half. In the same article, David Walker, former U.S. comptroller, i.e., the former chief accountant of the U.S. government, has suggested similar time frames for economic catastrophe. That puts the collapse at about March of 2014. Grady Means actually names March 4, 2014 as “the” date. There are few people more on the ‘inside’ than Volcker and Walker. As they’re both saying the same thing, it appears, on the surface at least, that they were acknowledging a plan to collapse the global economy in March, otherwise, why would they both name the same time frame? It gets creepier and creepier, doesn’t it. It’s like they’re the witches in Macbeth hunched over the boiling pot chanting “Double double boil and trouble. Fire burn and cauldron bubble”. Brrrrrr!

    • Greg Hunter

      Thank you for this!!
      Greg

  40. bob parker

    One of the commenters said the essence of democracy is self interest. If that is the case, we do not have a democracy under a privately owned monetary authority because the interest under this contract accrues to them not the people. Many have attempted to solve the problems created by the current monetary system by focusing on the various aspects of it- usury, money as debt, fiat currency, private ownership, PM underpinning or its lack, and the significance of who controls. Of all the factors I agree with Bill Still it is the aspect of who controls, because as they say, he who pays the piper calls the tune. Inflation per se can be managed if interest accrues to the people rather than private banks, or if grants directly benefit humanity rather than consume natural capital and lives, in wars which bring higher prices without social equivalence. In that sense money can continue to be issued as debt, were the people beneficiaries rather than private banks. We the slaves being tapped into are soon to morph from dairy to beef cattle. PM backed currency carries the burden of who controls PMs today, after a century of systematic looting of public gold in every land. A simple fiat currency, without debt basis, i ssued as grants, would still not solve the situation if the issuer were private, because we would not be the ones paying the piper and calling the tune. They will call the tune with more rampant militarism, phony wars, Operation Gladio, GMOs, HAARP, spying, bank looting, police brutality, censorship, ethnic cleansing, pharma attacks and bursting prisons.
    It is a hell of a way to navigate the one chance we will ever have to experience something at our cores…our hearts. But I have a feeling that events to come will turn many to the truth of their situation, if only out of necessity to understand how this came about. At the point where enough of us wake up the tide will change. I do not see this as much of a sacrifice except of all our useless illusions and delusional mythos.
    We simply will need to find equilibrium to ride out entropy…and the center is within each of us to do it. Best of luck to all fellows of good intention as the truth comes out about so much, 9/11, the Fed, who has controlled Wall Street since so far back the red shield hangs outside the Meyer Bauers’ counting house.

  41. mohammad

    Greg,

    Turkey finally and for the first time attacks Al-Qaeda (Daesh) in SYRIAN TERRITORY directly, once they returned shells when shells from Syrian side fell in Turkey, also they had Jets shot down but never answered that, NOW they are answering !!!!!

    http://www.alarabiya.net/ar/arab-and-world/2014/01/30/الجيش-التركي-يعلن-عن-أول-مواجهة-مسلحة-ضد-داعش-.html

  42. Silverlining027

    Hi Greg,
    I have been following yr work over a year. Thank u very very much for yr very informative work. I am very much thank ful to u for calling Mr. Casey. He is my big time favorite. His recent book “right on money ” is must read. Actually I was thinking to request you for Mr Casey on yr show n u did it. Made my day. When Dr. Willie is coming again ?
    You are doing great work for yr listeners.
    Thank you .

    • Greg Hunter

      Thank you 027.
      Greg

  43. Galaxy 500

    Bill O’Reilly is spouting that minimum wage should be $10 an hour to be fair. Who put him in charge? Hell, why not make it $50.

  44. Galaxy 500

    Damn, another govt agency that is tracking what you are doing and where and when. Got to love it.
    http://m.washingtonexaminer.com/consumer-bureau-data-mining-hundreds-of-millions-of-consumer-credit-card-accounts-mortgages/article/2543039

  45. Gabe

    Greg, another great interview. Thanks

  46. John M.

    Jerry,
    That was a very good visual of where we’re heading–off a cliff. I couldn’t bear to watch the speech, I would rather lance a festering boil. I actually caught the last part where the whole chambers were clapping in tribute to our wounded soldier, it seemed so unbelievably fake and smarmy. They say politics is Hollywood for ugly people, and these people would surely not even make it in the B-movies nor should they be in front of a camera.
    We’re in real trouble with these clowns in charge. They will keep taking us to new wars for nefarious reasons that we will never know. They will destroy our economy and take away our few remaining freedoms to serve the darker forces that are really pulling their strings. And the lies will never stop.

  47. vincentg

    I notice a common thread – each camp refers to today as being different.
    To persuade you they claim your so old school or that’s so yesterday.
    Today we have all this technology and that’s why (left or right plan ) works better.
    Micheal Moore was the first to use this ploy that I noticed..

    As to the topic your guest is correct in that there is a bond bubble.
    My last comment still stands and at this point I will even go as far as to say when the bubble will burst.
    As in the past we have seen that when a new President takes office things start falling apart in the first year. So this will not be any different then the past.
    Most likely a Republican will win and in the first year the system will collapse.
    They will close the banks and call an emergency meeting of congress.
    Congress will have to cut spending by at least 30 to 50 %
    The news will read that the Fed has canceled the US debt.
    They will sound like saviors when really all they will be doing is moving the debt into the money supply.
    As to your guest’s comments on should you pay off your mortgage or not.
    A house is something real.
    It’s something you need – a place to live.

    The whole economy is fake – nothing is real.
    The price of Gold is what they say it is – not what you or the markets think it should be.

    Doug seems to be an Anarchist or leans to that direction.
    He does have many valid points which are right on target.

    I would like him more if he would get more serious on getting rid of the Federal Reserve.

  48. mohammad

    greg,

    Israel is accusing Hezbollah in establishing military bases in residential areas, AND VOWS to hit those targets even if there will be civilian casualties, It is getting worse there:

    http://www.jpost.com/Defense/IAF-chief-Israel-will-destroy-Hezbollah-bases-in-Lebanon-even-those-in-residential-areas-339773

    “IAF chief: Israel will destroy Hezbollah bases in Lebanon, even ones in residential areas”

  49. Jimmy

    Greg,
    You were once a part of the msm. How much of this is known in the msm circles? I mean, how can these reporters and hosts keep spewing the same old crap with a straight face. It must suck for them to work for msm and not be allowed to speak the truth or even challenge the establishment’s views. These are all well educated people.. why do we never hear of these fears being mentioned? Scary times.

    • Greg Hunter

      Jimmy,
      All of it is known. I know for a fact they read and watch this site.
      Greg

  50. Liquid Motion

    Greg,
    Congrats on this coup.
    DC is a legend. I can say that unreservedly.
    I absolutely welcome his life experiences and perspectives. You cannot put a price on his wisdom, its priceless. Much more kudos to you Greg for having him on.
    You know when their words have meaning ……… its when their actions are in sync.
    As the saying goes “Do as they Do, not what they say”.
    I concur with a lot of what he said and follow his example of doing what he says.
    DC mentioned the biggest bubble = Bonds. Seriously its a massive problem.
    What’s of even bigger concern is that whilst we have the “Bond” issue, we also have stocks at or near record highs. The simultaneous bubbles in both markets is NOT NORMAL. Its usually one or the other…NOT both. How on earth do they keep interest rates low to avoid both stock and bond markets from imploding ?
    Here’s something that will iron out a few wrinkles….why did Mohamed El-Erian (CIO) quit PIMCO 01.21.14 (the world’s largest Bond Fund Manager/Investor) …..? A: Because he knows that its over….the Bond market is ready to implode (interest rates will revert to normalcy). Remember El-Erian is no slouch…former MD of Citigroup and time spent with IMF. He should know what’s going on. In addition, meantime Bill Gross has manoeuvred his company to be “More” diversified (away from bonds).
    TIC…… TOC….. TIC… TOC…..

    • Greg Hunter

      Thank you LM, Casey did not disappoint.
      Greg

  51. allen ols

    GREG

    Iran now has all the technical infrastructure to produce nuclear weapons should it make the political decision to do, Director of National Intelligence James Clapper wrote in a report to a Senate intelligence committee published Wednesday. However, he added, it could not break out to the bomb without being detected.

    Get The Times of Israel’s Daily Edition by email
    and never miss our top stories FREE SIGN UP!

    In the “US Intelligence Worldwide Threat Assessment,” delivered to the Senate Select Committee on Intelligence, Clapper reported that Tehran has made significant advances recently in its nuclear program to the point where it could produce and deliver nuclear bombs should it be so inclined.

    “Tehran has made technical progress in a number of areas — including uranium enrichment, nuclear reactors, and ballistic missiles — from which it could draw if it decided to build missile-deliverable nuclear weapons,” Clapper wrote. “These technical advancements strengthen our assessment that Iran has the scientific, technical, and industrial capacity to eventually produce nuclear weapons. This makes the central issue its political will to do so.”

    In the past year alone, the report states, Iran has enhanced its centrifuge designs, increased the number of centrifuges, and amassed a larger quantity of low-enriched uranium hexafluoride. These advancements have placed Iran in a better position to produce weapons-grade uranium.

    “Despite this progress, we assess that Iran would not be able to divert safeguarded material and produce enough WGU [weapons grade uranium] for a weapon before such activity would be discovered,” he wrote.

    Director of National Intelligence (DNI), James Clapper (photo credit: AP Photo/Susan Walsh, File)
    Director of National Intelligence (DNI), James Clapper (photo credit: AP Photo/Susan Walsh, File)

    He said the increased supervision and other “transparency” to which Iran has agreed under the new interim deal, reached with the world powers in Geneva in November and finalized last week, could offer earlier warning of a breakout to the bomb. Should Iran cooperate with the interim deal, halt enrichment, and “provide transparency,” then “This transparency would provide earlier warning of a breakout using these facilities.”

    Clapper told the Senate committee that the interim deal will have an impact on Iran’s nuclear weapons program’s progress and “gets at the key thing we’re interested in and most concerned about,” namely, Iran’s 20 percent enriched uranium.

    Iran had also worked hard to advance its program at the Arak heavy water facility, wrote Clapper. Its ballistic missiles, he noted, of which it has “the largest inventory in the Middle East,” are “inherently capable of delivering WMD.” And its space program gives it the means to develop longer-range missiles, including intercontinental ballistic missiles.

    “We do not know if Iran will eventually decide to build nuclear weapons,” Clapper wrote. But he noted that Iran’s overarching “strategic goals” were leading it to pursue the capability to do so.

    The national intelligence director reiterated that imposing additional sanctions against Iran would be “counterproductive” and would “jeopardize the [interim] agreement.” He advised that additional sanctions against the Islamic Republic should only be kept “in reserve.”

    The report was released a day after Prime Minister Benjamin Netanyahu said that the interim nuclear agreement only set back the Islamic Republic’s nuclear program by six weeks.

    “This agreement merely set Iran back six weeks — no more — according to our assessments, in relation to its previous position, so that the test, as to denying Iran the ability to manufacture nuclear weapons, has been and remains the permanent agreement, if such [a deal] can indeed be achieved,” Netanyahu said at a conference of the Institute for National Security Studies in Tel Aviv.

    Last Wednesday, Foreign Minister Mohammad Javad Zarif accused the Obama administration of mischaracterizing the terms of an interim nuclear deal. “We did not agree to dismantle anything,” Zarif told CNN.

    Zarif repeated that “we are not dismantling any centrifuges, we’re not dismantling any equipment, we’re simply not producing, not enriching [uranium] over 5%.”

    The six-month deal freezes key aspects of Iran’s nuclear program, while allowing limited enrichment to continue, in exchange for some economic sanctions relief. It went into effect on January 20.

    The next round of international nuclear negotiations with Iran is expected to be held in New York next month, according to officials involved in the planning.

    Israel has threatened to attack Iran should it not back off from its alleged pursuit of a military nuclear capability.

    On Tuesday, UN nuclear inspectors arrived in Tehran to visit Iran’s Gachin uranium mine for the first time in several years, Iran’s Atomic Energy Organization spokesman Behrouz Kamalvandi said. The visit was part of the framework of a separate deal between Iran and the International Atomic Energy Agency in November.

    Times of Israel staff contributed to this report

    Read more: Iran can now build and deliver nukes, US intel reports | The Times of Israel http://www.timesofisrael.com/iran-now-has-nuclear-breakout-capability-us-intel-reports/#ixzz2rrwlopaU
    Follow us: @timesofisrael on Twitter | timesofisrael on Facebook

  52. allen ols

    Greg; from FARS
    Politico-Defense
    Economy
    Society & CultureSci-Tech
    World
    Interviews & Commentaries
    Multimedia
    All Stories
    World
    Sat Jan 04, 2014 5:11
    Western Intelligence Agencies: Saudi Regime to Collapse This Year

    TEHRAN (FNA)- The US and British intelligence agencies said in their top secret reports that their assessments show the Saudi monarchy will be toppled by massive popular protests and armed insurgency in 2014.
    Informed sources told the Palestinian al-Manar weekly that palaces and residences belonging to the monarchy’s princes and royal family as well as state organizations and even the Saudi embassies and diplomatic outposts abroad will all come under attack by dissidents this year.
    “People’s wrath and discontent is increasing every day, while intelligence reports show that there are armed cells lying dormant, waiting for the proper day for starting their attacks,” the sources said, citing western intelligence and think-tank reports.

    “A large number of armed people are stationed in bordering areas of Saudi Arabia and Yemen ready to enter the Saudi territories to topple the ruling family,” the sources added.

    Since February 2011, protesters have held demonstrations on an almost regular basis in Saudi Arabia, mainly in Qatif and Awamiyah, primarily calling for the release of all political prisoners, freedom of expression and assembly, and an end to widespread discrimination.

    Earlier this week, Saudi Arabia announced plans to build two more jails in Riyadh and Jeddah to accommodate the prisoners who are mostly incarcerated for political crimes and whose number has been increasing sharply in recent months.

    “Over 95% of construction works of the two prisons in Riyadh and Jeddah have ended,” Director-General of Saudi Arabia’s Prisons Department Major General Ibrahim bin Mohammed al-Hamzi said, adding that Riyadh has spent over 2bln Rials for building the two jails.

    He said that the high number of prisoners jam-packed in the cells was the main reason behind the decision to build the new jails.

    More than 40,000 political prisoners, mostly prisoners of conscience, are in jails across Saudi Arabia.

    According to the activists, most of the detained political thinkers are being held by the government without trial or legitimate charges and have been arrested for merely looking suspicious.

    In Saudi Arabia, protests and political gatherings of any kind are prohibited.

    • Greg Hunter

      Allen,
      Petro-Yuan here we come, WEEEEEEEEE!
      Greg

      • allen ols

        Greg;
        snipit from the “HAT TRICK LETTER”

        ◄$$$ CHINA HAS BEGUN TO SUPPORT THE ARAB STATES, MAKING PROMISES TOWARD REGIONAL DEVELOPMENT AND POLITICAL STATURE. THEY MUST SHMOOZE IN ORDER TO CREATE A FERTILE SEEDBED FOR THE PETRO-YUAN DEFACTO STANDARD TO BE BORN. LARGE PROJECTS AND OIL CLIENT RELATIONS OVER THE LAST DECADE HAVE HELPED. $$$

        Out of Beijing, to start the year off, the Chinese Foreign Minister Wang Yi stated publicly that China would support Arab States in resolving regional issues, achieving economic development, safeguarding their legitimate rights, and playing a role in international affairs. The summary support was given to Al Jazeera, after concluding his Middle East visit. The foreign minister implicitly showed motivation for mutually beneficially progress with China. They will ensure that Arab states play a larger role in regional and international affairs, especially in the Middle East hot spots. Over the yearend holidays, Wang concluded his Middle East visit to Palestine, Israel, Algeria, Morocco, and Saudi Arabia in his first visit to the region. He cited three important goals to his trip: to carry forward the relations of friendship, to deepen existing cooperation, and to promote peace talks. The trip hosts helped to achieve the goals, as goodwill from the Arab States was felt. China has worked in steadfast strides to deepen its cooperation with the region for mutual benefit. Last year, bilateral trade reached nearly $300 billion, with China moving to the top trading partner of many Arab states. The figure includes all oil related trade. One particular trade item was high speed rail development, offered by China to any country toward a national rail network program. The Chinese will carefully tread in the region, set up energy installations, port facilities, and shopping malls. They will not permit themselves to be embroiled in the typical intractable conflicts known to the Arab culture. See the Siasat Daily article (CLICK HERE), the journal being the most popular South Indian news source in the Urdu and English language. The same language is spoken in Pakistan, an Arabic derivative.

        ◄$$$ ARAB MONARCHIES EYE STRONGER TIES WITH CHINA. THE PERSIAN GULF NATIONS PREPARE FOR THE PETRO-YUAN. THE GULF COOP COUNCIL WILL SERVE AS THE PLATFORM FOR WIDER CHINESE PROTECTORATE ROLE. IT WILL EVENTUALLY USHER IN THE PETRO-YUAN STANDARD, BUT ONLY AFTER MORE WINE, MORE LAMB, AND MORE HEAD NODDING. $$$

        Any strategic partnership between the Saudis and China means dumping WashingtonDC, simply put.

    • Geo. T (formerly , George)

      Mr. Ols,
      Looks like good propaganda to me. My father told me when listen to rumor or the news, consider the source. These guys have told so real doozies

  53. art barnes

    Greg, I had to write again because no one mentioned that Congressional dog & pony show of Tuesday night. The elite’s paid for agents (Congress) all sitting around and clapping about how great the state of the country is while our President delivered his usual campaign speech(s) to the nation we have come to know so well. Those elected men & woman who are just paid for agents from their corporation & splinter companies & groups make sickens me. The hypocrisy was rampant. Looking at them and knowing so many so well especially the ones who have been there for years and years one can truly see why we are in the fix we are. They clapped & danced around hoping for a MSM photo opp while trying to continue to deceive us that all is well because they are there taking care of THEIR BUSINESS; and there in lies the problem, their business is not in line with OUR BUSINESS. Frankly, we surly do have the best Government money can buy.

    • Greg Hunter

      Art,
      The major problems were not even mentioned. The BIGGEST problem is the solvency of the U.S.
      Greg

  54. Jerry

    Greg I think we can all agree here that the economic collapse is imminent . Whether it is done by:
    1. The NWO globalist
    2. Normal economic pressures
    I believe the result will be the same. What I am beginning to realize is that it has to in order to get back to normal economic principles that govern the worlds markets. I mean what is QE printing? Isn’t it jus market manipulation?

    I believe that the emerging world economies like China, India, and Russia, have had enough of market manipulation by the U.S. ( IE Zero Hedge Fund report)

    http://www.zerohedge.com/news/2014-01-29/nothing-lasts-forever-world-bank-chief-economist-calls-end-dollar-reserve-currency

    I’m just a dumb hillbilly from the Ozarks, and even I can see where this is going.
    Why can’t the rest of the country see this? Have we become that arrogant and jaded that we can’t see that the rest of the world is tired of our debt? GEEEEEEEZ!

    • WD Deni

      Jerry, Remember all of the great entrepeneurs of America, never had formal education. But they changed this nation. It is always these Ivy League snot-brats that always cause these crisis, whatever party they are with. Too smart to know how to boil a pot of water. My grandparents lived on a small farm in Northern Mississippi, south of Memphis. I learned more about the real world as child from them than any thing I learned in school. Too bad my dad was so ashamed of his own people.

      I will take hill billys anyday over some of the “vomit” I have worked with. Another “dumb” hillbilly” was Sam Walton, and look how they hate him-all envy. They have the true compass of the way things are going. Ivy leagurers are only in it for approval any way. They will come to you begging for food and water.

  55. Ugly

    The last two interviews basically say that there is an Economy 3.0 coming, and that it will replace Economy 2.0. Obviously, Economy 2.0 is the petro-dollar. Economy 3.0 won’t be yuan or China, it will be a new currency (ie digital) established by NWO. This is where world conflict will begin. The early stages are already here….

  56. Rich

    Greg,

    Nice picture on Jsmineset. I may have considered the 5 hour trip if I knew that I could have gotten a 2-fer. Would have loved to met you in person.

    • Greg Hunter

      Rich,
      You are very kind. I came just to see Mr. Sinclair and he invited me up on stage.
      Greg

  57. Max

    Greg –

    I really enjoyed listening to Doug Casey.
    Thanks for the interview.

  58. Rodster

    “Celente – Disastrous Global Collapse & Riots Will Engulf World”

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/30_Celente_-_Disastrous_Global_Collapse_%26_Riots_Will_Engulf_World.html

    • Jerry

      Thanks for sharing Rodster. Gerald is spot on with his predictions.
      The power elites learned in the 60’s that all you needed to do to control people was to give them government housing and food stamps. Socialism is like slavery minus the plantation. Lets face it. If it weren’t for all the government programs supporting all these people, including the 47 million on food stamps, the streets would be burning now. Anyone who thinks this bubble burst won’t be violent is naïve. It will be like Katrina on steroids. With the low GDP the government is generating, and the expansion of debt, I think the bubble has stretched just about as far as its going to. The government can’t stall this off much longer. Nature will always take its course no matter what man does.

  59. scfulcher

    Wow Greg, what an interview catch! Your site is quickly becoming THE site for world and economic news. Congratulations!

    As an aside, I am so very angry at what the U.S. government is doing and has done, which is only equal to my depth of distrust and anger of the FED. I feel so helpless, hopeless and depressed. May all peoples prepare as best they can for the “Greater Depression”, and not forget to “love thy neighbor”.

  60. mohammad

    Greg,

    This is Friday morning:

    http://www.timesofisrael.com/rocket-fired-from-gaza-explodes-near-netivot/

    Video shows the retaliation on Gaza strip:

    http://www.youtube.com/watch?v=fCJaHDXlT0g

    • Greg Hunter

      Mohammad,
      It’s seems to be really heating up again. Near Zero coverage here in the U.S.
      Greg

  61. Brian

    Great guest Greg! I’m trying to imagine what a depression more serious than the 1930’s would look like. Would I have to work on building luxury condos for the Chinese along our lovely Blue Ridge Parkway?

    • Greg Hunter

      Brian,
      I think we will go to war before then but that might be a worse outcome given the next World War will most certainly go nuclear at some point.
      Greg

  62. tIM

    Greg,
    You’ve really built a world-class website here. You are a very talented person. Please keep up the excellent work.
    TM

Leave A Reply

Please Note: All comments are moderated and manually reviewed for spam. In turn, your comment may take up to 24 hours to be posted. USAWatchdog.com also reserves the right to edit comments for grammar and spelling errors.

Your email address will not be published. Required fields are marked *