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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…)

Weekly News Wrap-Up 10.4.13

Government Shutdown 2013, US World's Largest Producer of Oil & Gas and MoreBy Greg Hunter’s USAWatchdog.com 

Government shutdown became a reality this week.  It’s the fault of both parties–end of story.  At its core, the fight is over the Affordable Care Act (or Obama Care).  The Democrats have one thing right:  Obama Care, like it or not, is the law of the land.  It doesn’t matter that it is a job killer or that people will be forced into part-time work.  It doesn’t matter that it is an enormous entitlement that will plunge the country deeper into debt.  (more…)

David Morgan-Massive Debt Problem-Were Getting Very Close to the Edge

morganBy Greg Hunter’s USAWatchdog.com 

Precious metals expert David Morgan says, “You cannot print yourself out of this mess that we are in.  We have a massive debt problem, and the only solution they can come up with is ‘add to the debt.’  That will not fix the problem.”  Morgan goes on to say, “The problem is the money will become worth less and worth less and nearly worthless at some point in time.”  (more…)

The Economy is Terminal-Greg Mannarino

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

Trader/analyst Gregory Mannarino says the financial crash of 2008 was “the party over moment.”  Mannarino goes on to say, “The financial system, as it had been run from its inception, literally ended at that moment . . . what we have now is a side effect that is terminal, and I am referring to the economy.”  (more…)

Weekly News Wrap-Up 9.27.13

Fighting in Congress over Obama Care, Doubling-Tripling of Health Insurance Premiums & MoreBy Greg Hunter’s USAWatchdog.com 

It was a big week of fighting in Congress over Obama Care.  Some Republicans want to stop it, like Senator Ted Cruz filibustered for 21 hours to argue his point against it.  Truth be known, many Democrats are afraid the negative impact the Affordable Care Act is going to have on the economy.  Many people have already been cut back to part-time because of the law.  (more…)

War with Syria and Iran will be Hell on Earth-Gerald Celente

Gerald Celente: War with Syria and Iran will be Hell on EarthGreg Hunter’s USAWatchdog.com 

Trends researcher Gerald Celente says President Obama’s handling of the Syrian conflict deeply damaged his credibility.  Celente says, “It was the presidential amateur hour and reality show all rolled into one.  I have never seen such poor performance as illustrated by our Commander in Chief and Secretary of State.”  (more…)

U.S. Government is Insolvent-Eric Sprott

Gold and Silver Expert Eric Sprott: Fed Lost Control of the Bond MarketBy Greg Hunter’s USAWatchdog.com  

Money manager Eric Sprott was not surprised by the Fed announcement to keep printing $85 billion a month.  Don’t expect the money printing to end anytime soon because Sprott predicts, “If my forecast for the U.S. economy is true, they will be doing it forever.”  (more…)

Weekly News Wrap-Up 9.20.13

Defund Obama Care, No Fed Money Printing Exit and MoreBy Greg Hunter’s USAWatchdog.com 

To taper or not to taper–that is the question, and we have an answer.  The Fed is going to keep on printing $85 billion each and every month.  All the speculation the Federal Reserve was going to cut back on the money printing went “poof.”  The stock market spiked to new highs, but this is really just a “sugar high.”  (more…)

Gold Backwardation-The Meltdown of All Meltdowns-Karen Hudes

HudesBy Greg Hunter’s USAWatchdog.com 

Former World Bank Senior Counsel Karen Hudes says, “It’s pretty clear where we’re headed, and that is something called permanent gold backwardation.  That’s a fancy word for people losing confidence in paper currency.  That means the value of currency in the future is less than today.”  How bad is “permanent gold backwardation”?  (more…)

Nomi Prins: War Could Implode Financial System Starting with Derivatives

Nomi PrinsBy Greg Hunter’s USAWatchdog.com 

Former Goldman Sachs banker Nomi Prins says the financial system is more risky than before the 2008 meltdown.  Prins, who wrote the best-seller “It Takes a Pillage,” says, “We have greater concentration of . . . financial risk within fewer institutionsSo, we’re in a situation where there is moral hazard, but there is more recklessness beneath the surface because they know they can get away with it.”  (more…)