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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.”


Policy Extremes Maintain Illusion of Stability-Charles Hugh Smith

4_jpgBy Greg Hunter’s  (Early Sunday Release)

Financial writer and book author Charles Hugh Smith thinks the big unfolding trend is a global economy that is not being allowed to correct.  Smith contends, “Interest rates should rise, and what we are seeing is financial repression.  Instead of letting the market decide what the price of risk should be, central banks have pushed it to zero. . . . It doesn’t seem to be working.  It’s not fixing what is broken, and that is the unfolding trend.  All these things that central banks and authorities are doing are creating more problems.”  Smith goes on to say, “There are so many vested interests in sustaining the illusion of stability. . . . The trend we are really describing here is the extremes of policy that are being done to maintain the surface illusion of stability are guaranteeing it is going to blow. . . . Once you have extremes, the risk and volatility rise and explode.  That’s just the way systems work.  That’s just what history shows us.”


Iran Nuke Deal No Deal, Greek Crisis Latest, China Market Plunge, NYSE Glitch

4_jpgBy Greg Hunter’s (WNW 198 7.10.15) 

Have you ever noticed this many strange things going on at the same time?  The Iran nuke deal is going poorly.  Greece is looking like it will be plunged into an even bigger depression.  China stock market has turned from hero to zero in a huge market plunge in the last few weeks.  The US stock markets are gyrating up and down with big swings.  There is major hacking going on from stock exchanges to the US government, and Obama and Congress are busy setting up secret trade deals and secret directives.  What is going on?  I say the end of this debt based money system is a process, and this is an ugly process.


World Engaged in Same Lie as Greece-Karl Denninger

4_jpgBy Greg Hunter’s  

Financial commentator and trader Karl Denninger says what is going on in the Greek debt crisis is really a global problem.  Denninger explains, “All of these countries have engaged in the same lie.  They have all engaged in the same fundamental fraud, which is you can spend more than you take in on a permanent basis.  It is the same fraud that is going on here in the United States.  We just haven’t gotten hammered with it –yet, but we will.  This is a fraud.  The people who did this need to go to prison.  There is no way to undo that Gordian knot, other than to say we can’t pay it.  We never could pay it.  You were lied to, and by the way, the people who participated in the lending were active participants in a crime.”


Frankenstein Debt Monster Has Peaked-Gregory Mannarino

4_jpgBy Greg Hunter’s  (Early Sunday Release)

Stock trader Gregory Mannarino says Greece is the tip of the debt iceberg.  Mannarino explains, “Never in history have we been so overwhelmed and buried underneath a mountain of debt.  I believe we are at a top in regard to the debt.  What does this mean?  We could see a domino effect where all this starts cascading down and correct to fair market value.  It will, whether it’s today, tomorrow or next week.  There is no way out of it, and that is what people need to keep in mind.”


Greece to Puerto Rico Unpayable Debt, More Phony Jobs, Drought and Floods

4_jpgBy Greg Hunter’s   (WNW 197)

Whether it is Greece or Puerto Rico, the story is the same—the debt is unpayable.  Greece is going through a referendum and they are taking a que from the Clash song “Should I Stay or Should I Go.”  Meaning, should Greece stay or leave the European Union?  I say it is not going to make much difference.  The Greeks, as everybody else in the world, have been living beyond their means.  There are going to be big cuts to everything no matter what.  The Greeks want a debt cut.  The Greek Finance Minister says he’d rather “cut off his arm” than sign a bailout deal without a debt cut.  Now, folks in Spain and Italy are telling the IMF they, too, want a debt cut because the debt is unpayable.


New Recession Starts After Mid-Year-John Williams

New Recession Starts After Mid-Year-John WilliamsBy Greg Hunter’s

Economist John Williams correctly predicted the first quarter GDP in 2015 would turn negative.  What is his second quarter prediction for GDP?  Williams says, “I am looking for an outright contraction in the second quarter as well.  Two back to back negative quarters in the GDP (Gross Domestic Product) would be counted as a recession.  GDP is very heavily bloated and inflated by all sorts of gimmicks. . . . In effect, we are seeing a weakening of the economy now that is dragging down these bloated numbers.  I contend we never recovered from the collapse in 2008 and 2009.  We have just been bottom bouncing. . . . It is beginning to turn down again. . . . Expectations for the second quarter will begin to sink.”


Every Asset in a Bubble, Except Gold and Silver-Michael Pento

Every Asset in a Bubble, Except Gold and Silver-Michael PentoGreg Hunter’s 

Money manager Michael Pento thinks the Greek debt crisis is small when you consider the enormously leveraged global economy.  Pento contends, “That’s why I consider Greece as more of a distraction.  It’s a small piece to the puzzle.  You look at debt that extends all across the planet, every asset on the planet is in a bubble.  China is in a bubble.  Japan is in a bubble.  Europe is in a bubble.  The United States is in bubble.  That’s not just stocks.  It’s bonds.  It’s real estate.  It’s diamonds.  It’s art.  Look, China fell 7 ½ % overnight because every housewife and widow in China opened up a margin account, and now, they are wiped out.  The market in China is down 18% in the last week alone, and it’s got a lot more to fall.  Who is there to support that?  This is where the rubber meets the road.  Don’t worry because central banks have our backs.  When has that been the case?  A central bank can monetize unlimited amounts of debt and destroy the currency.  It creates money out of thin air at infinitum without any consequences.  When has that ever been the case?  (more…)