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Debt Problem Will Swallow the Earth-Gregory Mannarino

Gregory Mannarino-Extreme Debt Will Cause a Global Meltdown and China’s Currency DevaluationBy Greg Hunter’s

Financial writer and trader Gregory Mannarino predicts that big debt defaults are coming. Mannarino contends, “We are starting to see this with Greece and Puerto Rico here. It’s everywhere. This is a global problem and it’s going to engulf the world. This debt problem is going to swallow the earth. They have done this on purpose. They cannot be this stupid. . . . They are doing this on purpose and there is going to be no soft landing. It is a global issue and it is going to implode.”


Hillary Clinton Email Trouble, China Devalues Yuan, No Iran Deal Kills Dollar says Kerry

4_jpgBy Greg Hunter’s (WNW 203, 8/14/15) 

Hillary Clinton is in big trouble with her private server and how classified and “Top Secret” documents were handled. It is reported she turned over her private server to the FBI, and it is also reported it was professionally wiped clean. She was legally required to keep it intact. ABC News is reporting she got tips on “How to delete something so it stays deleted.” Wiping the server clean is not going to save her from a huge and growing legal mess. It is already known that Top Secret documents were not handled correctly, and that even the words “Top Secret” were removed when sending some emails from the State Department to Clinton’s private server. This happened while the Democratic front runner ran the State Department. This story is not going to go away, and now people are openly calling her a criminal and calling for a Special Prosecutor. This is not just Mrs. Clinton, but also her staff are being implicated in alleged national security breaches and outright crime to cover it up. Clinton maintains she has done nothing wrong.  There are numerous allegations of criminal acts and conspiracy that is surrounding this growing scandal.  (more…)

China Just Turned the Currency War Nuclear-Andy Hoffman

45By Greg Hunter’s

Financial writer Andy Hoffman wrote an article titled “Upcoming, Cataclysmic, financial Big Bang to End all Big Bangs,” and the very next day, China devalues its currency by a massive amount. What’s going on? Hoffman says, “A year from now, we are going to be 5% lower (on the yuan) not 2%. So, already the market is bidding down the yuan in what I believe must happen. For all the talk about bubbles here, the NASDAQ bubble, the debt bubble, the housing bubble, bubbles we see in Europe, the bubbles we see in Japan and, frankly, nothing even compares to China’s bubble both economically and financially because of what their communist government has wrought onto them. I think there are going to be further steps for China to devalue as their economy falls apart.”


The Ability to Prevent a Crash No Longer Exists -Bill Holter

4By Greg Hunter’s    (Early Sunday Release)

Financial writer and gold expert Bill Holter says the powers know that it physically can’t put off a financial crash much longer. Holter contends, “The system has gotten too big. The system has gotten bigger than the creators of the system, if you will. It is bigger than the sovereign governments collectively. It’s bigger than the central banks collectively. There’s too much debt. Too many sovereign governments have bumped up against debt saturation. In the U.S., we are over 100% debt to GDP. We are way over 100% debt to GDP if you include all debt. If you include all the off-book guarantees, Social Security, Medicare, Medicaid and all the other promises, we have blown up as far as debt to GDP ratios. So, the ability to prevent a crash no longer exists.” 


Desperate Push for Nuke Deal, Economic Warning Signs, GOP Debate, California on Fire

4_jpgBy Greg Hunter’s (WNW 202 8.7.15) 

Congress is in recess, but that is not stopping President Obama to continue to push Democrats in both houses in Congress to vote yes in the deal to curtail Iran’s nuclear program. The President surely knows it will be voted down by the Republicans and many Democrats in the House and Senate. The only question: Will the President have enough votes to sustain a veto? It is a foregone conclusion that the deal will be voted down and the President will veto it. If his veto is not overridden, then the deal will go through. One big problem with getting the votes are the secret side deals that Iran has with UN inspectors. The other problem is that even unclassified information about the deal is not being released by the White House to the public. If it were such a great deal, why so secret, which is the same thing I said about the Republican sponsored secret trade deal called the Trans Pacific Partnership (TPP). It will all come down to a veto or a veto override.


Prolonged Gold Backwardation Has Never Happened in Monetary History-James Turk

James Turk #2By Greg Hunter’s

Renowned gold expert James Turk says prolonged gold backwardation like we are seeing now, where the spot price is higher than the future price, has never happened before. Turk contends, “No, never, and I am a student of monetary history as well, and I have never seen it happen like this in monetary history. Typically, when a backwardation would occur under the classic gold standard, for example, the banks that would have fractional reserve banking would go under. There would be a banking collapse. So, typically, if there was a backwardation, it would only last for a few days as it did in 1999 and in 2008. So, we have an unusual situation where we have heavy government involvement where they are trying to keep the gold price under wraps so they can maintain this policy of zero interest rates. They are thinking they are going to jumpstart the economy, but the economy is not being jumpstarted. All it’s doing is deferring the ultimate collapse and the governments’ ability to repay all the debt that they owe.”


Vicious Out of Control Downturn Coming-Chris Martenson

4By Greg Hunter’s (Earl Sunday Release)

Economic researcher and co-founder of Peak Prosperity, Dr. Chris Martenson, says, “Here’s where we are in the larger story. World economies can’t grow anymore, at least not like they used to. We are not going to see 3, 4 or 5 percent real growth. The pie is no longer expanding like it used to, and here’s the problem. The banking overlords got used to a certain take or lifestyle. . . . They became addicted to a certain amount of skim, and when everything is expanding, the banks can skim, and there is enough left over for things like middle class and 401ks to go up and pensions to be funded. When the economy is not growing fast enough, and the skimming continues, then there is not enough left over for other people. That’s where we are in the story. That’s step one. Step two is will the banks convert all of their loans into physical hard assets, and the answer is yes.”


French Contradict Kerry, Economy Update, South China Sea Tensions, Planned Parenthood Update

4_jpgBy Greg Hunter’s WNW 201 (7/31/15) 

The deeper Congress digs into the deal to curb Iran’s nuclear ambitions, the worse the deal seems. When Secretary of State John Kerry, the key negotiator for the US in this deal, was asked about the secret side deals in Congress this week, he said he “did not have access to them.” What? You do not have access to details of a deal you negotiated? Kerry also says this deal must be passed by Congress, otherwise, he says, “our friends in this effort will desert us.” Now, details come out from a top French diplomat, who was also in on the negotiations, and he contradicts Kerry. French Senior diplomatic advisor Jacques Audibert has told Congress that if the deal is voted down, that eventually, they “could get a better deal.” When Kerry was asked about continued chants of “Death to America” in Iran, Kerry said he knew of “no plan to actually destroy us.”  


Fed Most Certainly Will Not Raise Interest Rates—Paul Craig Roberts

1By Greg Hunter’s 

Former Assistant Treasury Secretary Dr. Paul Craig Roberts contends all talk of the Fed raising interest rates this fall is totally wrong. Roberts explains, “They most certainly are not going to raise them because they’ve spent seven years keeping them at zero. In fact, inflation aside, there are already negative interest rates. . . . So, they are most certainly not going to raise interest rates because if they raise the rates, they will destroy all their efforts to keep the big banks afloat. They also would destroy the stock market. What we have seen all these years is every time the market needs to correct, the Plunge Protection Team steps in and buys the Standard and Poor’s futures and drives the market back up. So, what would cause the Plunge Protection Team and the Federal Reserve to all of a sudden jettison the policies they have been following all these years to save the big banks, to save the stock market and to keep the aura of success alive in America?”


Geo Engineering Doing Most Destruction to Planet-Dane Wigington

4_jpgBy Greg Hunter’s  (Early Sunday Release)

Dane Wigington, lead researcher for the global climate engineering informational website, says lawsuits are being prepared to get to the truth about what many call chemtrails. Wigington says, “It’s not just me. In fact, we have six US attorneys and two Canadian attorneys, and they are involved in this battle of their own accord because they realize their reality is disintegrating by the day. The climate engineering issue is the most significant environmental factor on the planet at this time. The filings are different in nature, and this will develop with their strategy. This is being done in a manner that will hopefully be a template for other states besides California to follow that template and also file suit. The heavy metal contamination is not arguable. It is there, and it’s not coming from China. It matches the climate engineering patents exactly. We have agencies whose job it is to disclose such a public health hazard and they are not disclosing, and there is liability from that –period. In the case of Northern California, we have spikes of aluminum in the Sacramento River, which is the drinking water for California, that is not being publicly acknowledged.”


Secrets in Iran Deal, National Security Compromised, MSM Ignores Planned Parenthood

4By Greg Hunter’s (WNW 200 7/24/15)

Secretary of State John Kerry defended the recent deal to curb Iran’s nuclear program. Critics say it’s weak, a bad deal and ramps up the arms race in the Middle East. If Congress does not vote to approve the deal, Kerry says, “We will have squandered the best chance we have to solve this problem through peaceful means.” Then, there is new news of secret side deals with the Iranians. Republicans say the Obama Administration will not release the details. Senator Tom Cotton says if parts of this deal are being kept secret, then “. . . What other elements may also be secret and entirely free from public scrutiny?” The House and Senate has 60 days to debate this bill, but most of the deal has already been approved by the UN. This has angered Republicans and Democrats alike. The big question is going to be whether or not Congress can override a veto that is surely coming when the House and Senate vote this down.


Take More Cash Out of Markets and Banks-Nomi Prins

Nomi PrinsBy Greg Hunter’s 

Best-selling author Nomi Prins says the only thing propping up the system is money printing. The tip of the iceberg was the Greek debt crisis. Prins says, “Before it happened, there was a lot of concern at the central bank level. That wasn’t really discussed very much in the press . . . but I believe behind the scenes there were a lot of fearful conversations about the financial system, not just the relationship of the euro and Greece politically, which was a part of it, but you don’t want any chips to fall off your table. Anything could open the door for a run on liquidity (cash), which is also why I talk about what individuals should do more and more now is try to preserve their own liquidity and to take more cash out of the markets or out of banks to just have on the side before this period of volatility, before we have the actual crash. This is a tenuous situation. I am afraid of things that look like a bail-in up to the level of a bail-in.”


Greece is Disaster Capitalism-Catherine Austin Fitts

7By Greg Hunter’s   (Early Sunday Release)

Investment banker Catherine Austin Fitts says the world is getting tired of what she calls “disaster capitalism.” What does she mean? Look no further than Greece as Fitts explains, “Greece essentially looks to me like disaster capitalism. You are trying to get another positive return by liquidation, but the reality is if you liquidated the global economy, you are not going to get a positive return. The game can go on for a while. The reason I said Greece and Puerto Rico rang the bell is you can see this game is getting very old. The IMF (International Monetary Fund) . . . is saying this is not sustainable. This debt is not sustainable. This is why this is important. When we loan money to somebody and it is predatory, we reduce the ability of paying back the debt. So it’s a lose/lose situation. If you skim off the top as a predator, you get a kick, but the reality is the longer you play that game, you cannot get a return on the money you have stolen. What I am saying is it is a spiral down, and it’s not going to work. . . . The IMF is saying we can get more debt paid back with a sustainable plan than we can get with an unsustainable plan.”


Greek Deal Not a Deal, Iran Deal Not a Deal, Fed Rate Hike Coming, Trashing Trump Unfair

6By Greg Hunter’s (7/17/15 WNW 199)

Two big deals were made this week, but they may not be deals just yet. I characterize the deal to curb Iran’s nuclear program as a deal between liars and cheaters. The cheater is Iran. They have cheated in the past on curbing their nuclear program. Just a few months ago, the UN accused Iran of cheating again. The liar is the Obama Administration. The lies by him and his administration are numerous. “You can keep your health plan.” “Obama Care is going to be cheaper.” Deserter “Bo Bergdahl served with distinction.” With the IRS scandal, “Not even a smidgen of corruption.”  The list of provable lies is very long (click here). So, when the President tries to defend his Iran nuke deal, lots of folks in both parties and our allies simply do not trust him. President Obama has not much “trust capital” left. I don’t want to get into the minutia of the Iran nuke deal, but even the President admitted that, yes, “Iran could cheat.” Trust is his biggest problem because Republicans, some Democrats, and all US Middle East allies do not trust President Obama, and thus, do not trust this deal. This deal is not going to make things more peaceful in the Middle East—far from it. It is also far from being a done deal.


Greek Debt Deal a Financial Coup-Rob Kirby

4thBy Greg Hunter’s 

Macroeconomic analyst Rob Kirby thinks that everybody should take notice of what is happening with the Greek debt crisis drama.  Kirby contends, “What has occurred in Greece, make no mistake, it is a financial coup.  It is not a bailout.  It’s a takeover by force.  The leader of Greece has obviously been told, and effectively has a gun to his head, the way it’s going to be.  The Greek people voted for what they want, and we know what the Greek people’s wishes are, and they don’t want more austerity.  They want to divorce themselves from the IMF and the European Central Bank (ECB).  We know that clear as day, but that is not acceptable to the global elitists and the globalist bankers.  They have said we don’t really care what you think.  It’s going to be the way we say.  The rest of Europe should sit up and take note of this because there are other countries whose finances are also not in good shape, namely, Portugal, Spain, France and Italy. . . . If global bankers are allowed to get away with this, then this is what you can expect in your country real soon.”