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Weekly News Wrap-Up 11.08.13

Affordable Care Act (ObamaCare) Problems, Iran Nuke Deal and MoreBy Greg Hunter’s USAWatchdog.com 

Obama Care is the top story, and the problems keep piling up for folks losing their insurance.  One reader on the USAWatchdog site told me his family plan doubled to more than $1,600 a month with much higher deductibles and co-pays.  I have not had a single person on the site write me and tell me they are paying less.  (more…)

Headed for Total Complete Chaos in Health Care-Kerry Lutz

Kerry Lutz: Obamacare Will Lead to Complete Chaos in Health CareBy Greg Hunter’s USAWatchdog.com 

Financial writer and radio host Kerry Lutz predicted six months ago the ObamaCare website would be a train wreck.   Lutz says, “Hospitals wouldn’t know, insurance companies wouldn’t know if you had insurance or not.  This thing was going to be total chaos, and that’s what we’re headed for–total complete chaos in health care.”  (more…)

Fate of Dollar is the Fate of U.S. Power-Dr. Paul Craig Roberts

4By Greg Hunter’s USAWatchdog.com 

Former Assistant Treasury Secretary Dr. Paul Craig Roberts says, “The fate of the dollar is the fate of United States Power.”  Dr. Roberts goes on to say, “The whole question of the dollar’s longevity depends on the willingness of other countries to continue holding dollars and dollar denominated assets while the Federal Reserve prints a trillion dollars a year to prop up the big banks and to finance the federal budget deficit.”  (more…)

Weekly News Wrap-Up 11.1.13

Obama’s Approval Rating, Israels Warning to Iran, Fed Money Printing and MoreBy Greg Hunter’s USAWatchdog.com 

My top story this week is Israel and the warning it issued late last week about Iran’s nuclear program.  A report says Iran may have enough nuclear material to produce a bomb in as little as a month.  Iran has repeatedly said its program is for the peaceful production of energy, but many countries in the West, including Israel, don’t buy it.  (more…)

Annihilation of U.S. Dollar Coming-Jim Sinclair

Gold Expert Jim Sinclair: $50,000 Gold, US Dollar Collapse, Hyperinflation and MoreBy Greg Hunter’s USAWatchdog.com  (Revised)

Renowned gold expert Jim Sinclair says financial calamity is just around the corner for America.  Sinclair contends, “We are facing the annihilation of currency.  We are facing the shift of America as the leading and most influential nation of the world to some form of banana republic. . . . If it wasn’t for food stamps, we would be facing long lines of people waiting for free food.”  (more…)

U.S. System Dependent on Crime and Fraud -Catherine Austin Fitts

7By Greg Hunter’s USAWatchdog.com  (Early Sunday Release)

Former Assistant Housing Secretary Catherine Austin Fitts says all U.S. citizens are partly responsible for banker fraud.  Fitts, also a top Wall Street Banker, says, “What popular opinion has said again and again and again is it wants the dirty money. . . . It wants the U.S. to play this geopolitical top dog game to the extent it provides subsidy to them.  We can’t have our cake and eat it too. . . . If we have a model that is dependent on crime and fraud . . .  we have to change the model.”  Fitts calls what we have today “the Central Banking Warfare Model.”  (more…)

Weekly News Wrap-Up 10.25.13

4By Greg Hunter’s USAWatchdog.com

The big story this week is Saudi Arabia and what its officials there are calling a “major shift” in relations with the U.S.  The Saudis are outraged over how the U.S. is handling the Syrian crisis.  The Kingdom is also angry at America’s increasingly cozy relations with Iran.  One official said the U.S. was “blatantly perfidious.”  That’s a nice way of saying the U.S. was untrustworthy and disloyal.  (more…)

Obama Care Will Crash If Healthy Don’t Enroll-Karl Denninger

Karl Denninger Says Obama Care is Doomed to FailureBy Greg Hunter’s USAWatchdog.com

Analyst/trader Karl Denninger says Obama Care is doomed to failure because of pre-existing conditions of many signing up for coverage.  Denninger explains, “If you are an insurance company and you only sell insurance to those who have already lit their house on fire, you’re not going to be in business very long.  You have to have people who buy insurance who are not likely to have fires.”  (more…)

U.S. Not a Super Power and Not Credible Anymore- Karen Hudes

HudesBy Greg Hunter’s USAWatchdog.com 

Former World Bank lawyer Karen Hudes says the global opinion of America is tarnished.  Hudes contends, “Is the United States a credible super power?  The answer to that is ‘we are neither.’  We’re not a super power and we are not credible.”   Hudes goes on to warn, “The biggest game changer is something that people are just ignoring, and they ignore it at their peril, and that is the creation of a fourth credit rating agency. . . . (more…)

Weekly News Wrap-Up 10.17.13

4By Greg Hunter’s USAWatchdog.com   (Revised)

The Democrats think they won the debt ceiling debate, but they did not–at least not in the long run.  Nobody won when you consider the fact the U.S. needed to borrow or print more money just to pay its bills.  We are running a trillion dollar a year shortfall.  Yes, I know the government said the latest shortfall was only $700 billion, but that is a one off accounting trick.  The sad fact is we are spending about $1 trillion more than we take in every year.  (more…)

Early Stages of Hyperinflation Next Year-John Williams

Early Stages of Hyperinflation Next Year - John WilliamsBy Greg Hunter’s USAWatchdog.com 

Economist John Williams says the U.S. budget and debt ceiling circus is not the real problem.  Williams contends, “The issue here, very simply, is the long term solvency of the United States of America. . . This gap based deficit is going to kill us . . . We are going to be in very serious trouble in this next year, and the global markets know this is happening.”  (more…)

Yellen Heading Fed very Bullish for Gold-Peter Schiff

44Greg Hunter’s USAWatchdog.com 

Money manager Peter Schiff thinks the nomination of Janet Yellen as Fed Chairman is “very bullish for gold.”  Yellen has admitted she did not see the 2008 financial meltdown coming which was caused by an enormous housing bubble.  Schiff goes on to say, “Not only was she not warning about the housing bubble, she was trying to quiet some of the concerns other people had.  She was saying, ‘hey some people are worried,’ but really we shouldn’t worry.” (more…)

Weekly News Wrap-Up 10.11.13

No Debt Deal, Janet Yellen, China and EU Cut Dollar Trade and MoreBy Greg Hunter’s USAWatchdog.com

Deal or no deal.  The battle to reopen the government and raise the debt ceiling is progressing.  At least the two sides are talking, but I still feel like we are being forced to watch a sadistic game show where everybody ends up losing.  In the end, I think everybody will lose because it is not the so-called debt ceiling that is the real problem, it is the enormous debt.  (more…)

Paul Craig Roberts-Obama Could Govern as a Dictator

By Greg Hunter’s USAWatchdog.com4 

You can forget about any default in the debt ceiling crisis.  Former Assistant Treasury Secretary Dr. Paul Craig Roberts says, “The debt ceiling will be raised.  No government wants to lose its power or lose its ability to borrow.  So, if they don’t raise the debt ceiling, it is just a way of Washington committing hari-kari.  It simply removes the United States as a super power.”   (more…)

Systems are Breaking in Treasury Bond Market-Dr. Jim Willie

goldenjackassBy Greg Hunter’s USAWatchdog.com   (Early Sunday Release)

Financial analyst Dr. Jim Willie says forget about the government shutdown and the debt ceiling. It is the Treasury market that is the big problem.  Dr. Willie says, “What’s going on with the Treasury bond market right now is systems are breaking . . . they broke the interest rate swaps.  They are not functioning anymore. . . . Foreigners are dumping Treasuries.”  (more…)