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

Economist John Williams says forget about the so-called recovery, we are headed for recession.  Williams contends, “They’ll have a downside revision to this 1st quarter estimate that will take it negative. What we are seeing now is that the outlook for the second quarter is not only weak, but it is also going to turn negative.  Two contracting consecutive quarters of GDP give you a recession.  So, we have an outlook for recession.  This is an economy that I’ll contend that never recovered, and now we are in a new recession . . .  in a grand economic contraction.  It’s an ongoing economic downturn that we entered into way back in 2005.  This is something close to a depression.”

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By Greg Hunter’s USAWatchdog.com (5.8.15)  

The ridiculous drum beat from the mainstream media (MSM) has been repeating this so called “recovery” since the 2008 meltdown.  I also keep repeating that there is no real recovery. There are a variety of data points you can look at, but the most recent include retail sales and factory orders have plunged while the trade deficit has spiked.  It was announced that nearly 50 companies are closing 6,000 stores. The oil industry is shedding thousands of jobs, and 62% of Americans are living paycheck to paycheck.  You think I am being too negative?  (more…)

By Greg Hunter’s USAWatchdog.com

Money manager and financial expert Catherine Austin Fitts is worried about exploding global debt.  It has almost doubled since 2007, and Fitts says, “Yes, I am worried about it, and I still think the chance for collapse is relatively small, but I am very worried about the level of violence going up to deal with the tensions resulting from this.  If you look at the debt, there are several things to point out.  One, the debt is very high, but it is bifurcated between who is borrowing a currency they can print and people who are borrowing a currency they can’t print.  That’s of great concern to us because with a global slowdown, a lot of people have borrowed in dollars, and now they got to pay it back at the same time they have to earn dollars, where it is tougher to do.”

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

Trader/analyst Gregory Mannarino thinks increasing bad economic news will force the Fed to print more money, or QE.  Mannarino contends, “I absolutely think that’s going to happen.  Before they allow this mechanism that they have propped up with these distortions that are so extreme, to correct to fair market value, they are going to throw everything at it to keep it going.  Again, the alternative is too horrible to contemplate—too horrible to contemplate.  The world will become Baltimore when the debt bubble bursts.  Every street in every nation around the world is going to become Baltimore as people realize they cannot acquire basic assets.  Everyone is struggling for these resources.  This is really what it’s all about.  They understand this.  The world central banks are not stupid.  This goes back to why the police are militarized in every state in the union.  We are one nation under surveillance.  They have understood where this was going for many, many years.” (more…)

By Greg Hunter’s USAWatchdog.com  (5.1.15)

Looks like, for once the U.S. and Iranian Navies may be inching towards confrontation. It was announced that the U.S. Navy will be escorting U.S. flagged ships through the Strait of Hormuz. This came after an erroneous report that the Iranians had boarded a U.S. flagged ship. The Hormuz has 35% of the world’s seaborne oil shipments. The U.S. Navy intercepted some Iranian cargo ships last week heading to Yemen. They turned around, and now the U.S. carrier group has also left the area. (more…)

By Greg Hunter’s USAWatchdog.com

Dane Wigington runs a website dedicated to exposing and explaining to the public the dangers of climate engineering, also known as “chemtrails.”  This is not some sort of conspiracy theory but hard science, also known as “solar radiation management” or “geoengineering.”  What does Wigington say to the disbeliever?  “We have film footage of these tankers spraying at altitude, up close nozzles visible.  We have close up photographs of these nozzles right behind the engines.  At that point, the argument ends.  We have footage of the crime happening.  There is no argument or dispute–it is absolutely going on.  We have President Obama going on the record saying that climate change is the greatest national security threat of all. . . . Do you think that they would ask our permission before they do this?  That is a very naïve thought,” says Wigington.

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By Greg Hunter’s USAWatchdog.com 

Financial writer Bill Holter says you can forget what the experts says about “containing” the Greek debt crisis.  Holter contends, “Contained is famous last words.  This cannot be “contained.”  Greece is the canary for the entire world.  The western world is Greece.  The western world is massively in debt.  There are derivative losses all over that place that are being hidden, and Greece is what sets off the realization that there are losses and the chain has broken.”

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By Greg Hunter’s USAWatchdog.com (4/24/15) 

There is some good news concerning the ongoing war in Yemen.  Iran cargo ships, possibly carrying arms and supplies, have turned around and are headed back to Iran.  Was it because of the USS Theodore Roosevelt carrier group?  You can bet on it.  I was worried that this would turn into a major international incident.  Why Yemen and other hot spots are not part of the Iran nuclear negotiations is beyond me.  (more…)

By Greg Hunter’s USAWatchdog.com 

Trader/analyst Rick Ackerman says forget about the demise of the U.S. dollar anytime soon, Ackerman contends, “I have been totally bullish on the dollar for years, and it looks like clear sailing to me.  The dollar is certainly responding to what I would call economic fundamentals, even though bonds have been on this odd holding pattern for a while based on a wishy-washy Fed.  I see nothing but a strong dollar because if you look at the global derivative market, it implies a dollar long and a dollar short position. . . . The side that has to pay back in dollars is effectively short it.  So, we have this monstrous derivatives market, and some experts put it at a quadrillion and a half dollars, and it represents a huge short position on the dollar, and the squeeze is starting to happen now.”

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

Best-selling author Harry Dent says the stock bubble we have today is the biggest in history.  Dent contends, “Now we’re in a third bubble, and each of these bubbles peaks at higher highs, and then they each crash to lower lows.  We’ve been looking for the Dow to peak right around here between 17,000 and 19,000.  So, we are right in the middle.  We are looking for an even bigger correction likely in late 2016 to 2017.  This whole thing has been in an artificial bubble. . . . We’d be in a depression right now if it were not for $11 trillion or $12 trillion free money printed out of nowhere.  (more…)

By Greg Hunter’s USAWatchdog.com  

Congress is going to get a say in the upcoming deal to curtail Iran’s nuclear program.  Congress has a veto proof majority they will require the President to allow Congress to give its approval.  Just this weekend, the President said that the “GOP had overstepped in foreign affairs” according to the AP.  Of course, that is preposterous; and, meanwhile, the AP continues to push the idea of a so-called “emerging deal.”  There is no deal, and with Congress now involved, there is going to be no deal.  (more…)

By Greg Hunter’s USAWatchdog.com

Author and attorney Ellen Brown says the drought in California is dire.  NASA recently said that California has just one year of water left.  Brown says, “It was just declared our number one emergency. . . .It’s pretty shocking what is happening.  It’s our fourth year of drought.  The Governor just declared that all the cities must cut back 25% in water usage. . . . The water districts are being fined $10,000 for going over, and you can get a $500 fine for doing a 10 minute shower instead of a 5 minute shower.  They have smart meters that can show specifically how long your shower was, which is kind of scary in itself.”

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

Legendary financial analyst Martin Armstrong says the world is going to be hitting a major “turning point” this fall.  Armstrong says this is the end of a 300 year cycle and contends, “This appears to be a peak, as far as governments and bond markets are concerned, and from there, we are going to be turning down.  We are in a lot of trouble with most of these governments.  Our models say that by 2020, the amount of interest we pay . . . will exceed the entire defense budget.  So, this is pretty serious.”

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By Greg Hunter’s USAWatchdog.com (4/10/15)

The deal to curtail Iran’s nuclear program is no deal at all.  How do I know this?  You just have to listen to the leadership in Iran.  The Ayatollah Khamenei has weighed in along with his subordinates, and they have said that the White House and the President are liars.  There is going to be no inspections of their military facilities, and they are not going to stop enriching uranium.  Also, the President said the sanctions would be lifted gradually as the Iranians complied with the deal, and Iran now says they demand sanctions be lifted at the signing of the deal; otherwise, there is NO DEAL.  They had me at “liar.”  (more…)

By Greg Hunter’s USAWatchdog.com 

Renowned Precious metals expert James Turk thinks this fall is going to be trouble for the U.S. dollar.  Turk explains, “I think that is the time frame we should be looking for, and there are a couple of reasons for this.  Every five years, the International Monetary Fund recalculates the “Special Drawing Rights,” the SDR. . . The Chinese have been quite clear over the last five years that they want to be included in the SDR when the next rewriting comes, and the next recalculation is scheduled for September and October.  (more…)