By Greg Hunter’s USAWatchdog.com
The top story for the last Wrap-Up of the year is the turmoil in the Middle East. The Iranian lawmakers are considering a bill that will allow the enrichment of uranium to 60%. If this passes and is approved, it will be, no doubt, a deal breaker for the recent accords agreed upon with the West in Geneva. Iran says its nuclear program is for the peaceful production of energy. The West is afraid of a nuclear armed Iran.
Saudi Arabia already doesn’t like the warming relations between the West, and Iran and has said it will go it alone against Syria and Iran. More trouble there for war and the U.S. dollar if the Kingdom dumps the buck in oil trade.
Violence is starting to flare up between Israel and Hamas in Gaza. A sniper killed an Israeli civilian, and Israel responded. Israel is also not a fan of Iran’s nuclear program or further enrichment of uranium.
The Syrian civil war rages on with more than 120,000 killed so far. Now, the Assad regime is dropping barrel bombs on the al-Qaeda backed rebels. There are charges of atrocities on both sides; and, currently, there’s a new oil deal between Russia and Syria to add to the tensions.
The UN is asking the U.S. to explain why it killed 15 civilians on their way to a wedding last month. The U.S. thought it was an al-Qaeda caravan. I’d be asking how it can arm al-Qaeda in Libya and Syria and strike al-Qaeda in Yemen, too.
Violence is raging in South Sudan. Civilians had to be rescued, including Americans. The fighting is still going on, and it looks like the UN is increasing its forces there. Sudan is rich in oil.
In Egypt, the Muslim Brotherhood is now considered a terrorist organization. The government will now prosecute their activities. This is going to lead to more instability in that country.
I don’t see how we get through 2014 without a major regional war or even world war. Hope I am wrong.
The Federal Reserve celebrated 100 years of its existence. Many think the Fed should be abolished for, at the very least, gross incompetence and mismanagement of the economy. It recently said it was ‘tapering” the money printing propping up the economy. News flash–the economy is sucking. Look for a big money printing turnaround in 2014 as the so-called “recovery” tanks.
Christmas sales are off. Traffic in stores plunged more than 20%, and not just in the U.S. European countries, such as Italy, are also reporting lower Christmas sales. 90% of U.S. companies are forecasting lower earnings, and WAIT until the next phase of Obama Care kicks in. It is not just higher premiums, co-pays and deductibles, but taxes and fees are also going up because of Obama Care. Even the mainstream media is reporting this. Obama Care is going to kill the economy in 2014 and also send many Democrats packing in November. More than 60% of Americans think Obama Care is a bad idea.
I am not the only one who thinks 2014 is going to be a financial train wreck. Even former UK Prime Minister Gordon Brown is talking about a coming crash. Brown recently wrote a New York Times Op-Ed piece titled “Stumbling Towards a Crash.” A top Wall Street financial advisor is so concerned he’s telling clients to prepare a “bug out bag” that includes food, a gun and ammo. Things are getting worse, and the elite know what we know.
Join Greg Hunter as he gives his analysis of these stories and more in the Weekly News Wrap-Up.