By Greg Hunter’s USAWatchdog.com
This week, we, once again, lead with the Ukraine crisis. Russian President Putin now says, “Crimea is part of Russia.” A referendum in Crimea voted overwhelmingly in favor of joining Russia. The West is not buying it and has sanctioned Russia. This is supposed to be a serious international crisis. So, why are the sanctions so light? We hit with a feather and then another feather by only sanctioning a few people in Ukraine and Russia. Russia hit back with some feather sanctions of its own, but also threatens to damage the U.S. dollar and not helping us with the Iranian nuclear negotiations. There is not much in the way of sanctions coming out of Europe, as well. Angela Merkel, Chancellor of Germany, is also talking a tough game, but at this point, it is just talk. The real problem here is the West finds itself in a very weak financial position and really can’t take a hit economically. It seems the world is teetering on insolvency. Europe and Russia are doing much business together. Russia is a major supplier of natural gas to the EU, and the EU has many investments in Russia. Both Shell and BP have major oil and natural gas deals in Russia. Could this spiral out of control? Yes, but the smart money probably is not going to push it on either side. Let’s hope it does not turn into a bloody civil war.
I had book author and Russian blogger Dmitry Orlov on this week, and he says the U.S. needs Russia militarily. How do you think we supply troops in Afghanistan? We have a deal to go through Russia. That is a huge point that most have not reported. One last thing, I took some heat for what some say was being too pro Russia. I am certainly not pro Russia. I am pro America! That said, I am pointing out the weak position our leaders have put us in and warning of the potential dangers to Americans. Questioning the government and warning of a potential calamity is patriotic. You can’t address a problem until you identify it. America is always better off with critical analysis, and that is something Russia does not allow its people.
New Fed Chief Janet Yellen gave her first press conference, and the markets crashed. You really can’t blame her. She is now in charge, and interest rates have nowhere to go but up. The Fed cut another $10 billion in bond buying, but it is still pumping out $55 billion a month to prop up the system. That is still more than $600 billion a year. Best-selling author Jim Rickards says the Fed simply has no choice but to “taper” it. Rickards says the Fed is “insolvent.” That’s right—“insolvent.” They simply have to stop adding “toxic” assets to its balance sheet. Rickards is not only a best-selling author, but a financial expert the Pentagon calls in to play financial war games. I kid you not, and don’t think there is not financial war going on right now around the globe on all sides. Rickards is out with a new book called “The Death of the Money,” and he’ll be on early next week. You will not want to miss this interview. Rickards says the next meltdown is on its way, and it will be way worse than 2008.
One quick shout out to Mark Zuckerberg of Facebook fame. He called President Obama last week and told him what he thought about the NSA spying. He said, “engineers work tirelessly to improve security, we imagine we are protecting you against criminals, not our own government.” Zuckerberg posted this on his Facebook page. I never thought much about him until now.
Finally, infomercial pitchman Kevin Trudeau has been convicted of fraud and sentenced to 10 years in prison. He’s lucky, sentencing guidelines say he could have gotten as much as 25 years. The FTC also fined Trudeau more than $37 million, which Trudeau never paid according to the court. While at ABC News, I tried to confront Trudeau over his so-called “Natural Cures” book. He said he had a cure for cancer, which was totally bogus. Why am I bringing this up? If Trudeau can go to jail for 10 years for fraud, why hasn’t a single big banker even been charged for massive crime against this nation. Money laundering for terrorists, foreclosure fraud, securities fraud, rate rigging, and gold price rigging have all been done by the big banks on a global scale. Trudeau gets 10 years and big bankers get nothing but a fine, which is paid for, in most cases, by shareholders. Something is not right with America.
Join Greg Hunter as he gives his analysis of these stories and more in the Weekly News Wrap-Up.