By Greg Hunter’s USAWatchdog.com
Every story I have could have been the lead story, but I am starting with the Ukraine crisis. I told you that the downing of Malaysian flight 17 would not have any effect on what was coming. The investigation has been halted because of fighting in the area, and it really makes no difference who shot it down because war is coming no matter what. Right now, the economic war has intensified with Russia imposing its own sanctions on the EU and the U.S. It will be stopping many different agricultural products from entering Russia, such as fruits and veggies and meat. Russia is the second biggest market for U.S. poultry, and you are going to see a steep drop in chicken prices followed by a price spike when producers shut down some production. This does not mean much to the U.S. as it is a small percentage of its agricultural business, but Europe is a different story. Russia is a huge recipient of EU food, and this will hurt Europe and, yes, that includes Germany. Please keep in mind that Europe is in much worse financial shape than the U.S. Italy is a basket case economically, as is France, and many countries they call the PIIGS. Even Germany is feeling the pinch of a trade war with Russia. Wait until fall and winter when Europe really needs Russian natural gas to heat their homes and businesses. Right now, Russia has 20,000 troops on the Eastern Ukraine border. Might Putin invade or will he just wait for winter? Who knows, but Putin holds the Ace of Spades in energy, and as I told you before, the sanctions would not work. The Russians are tough, and I still say sanctions will never work on them, and they may even backfire and destroy NATO.
The U.S. has started humanitarian and military action against Islamic terrorists called ISIS, or the Islamic State. The group has seized a large land mass straddling the borders of Syria, and Iraq is on the move. They are killing everyone who gets in their way, and this includes beheading and crucifixion. They have killed thousands of Christians and some Muslims. Many more are running for their lives. The humanitarian aid is going to a group of 40,000 Christians stranded on a mountain in Northern Iraq. The Obama Administration says it will bomb ISIS where needed, but is that going to work long term–probably not. Is this the beginning of the U.S. going back into Iraq—probably so. This is one very wicked power, and I think one of the Islamic State’s goals in the region is to destroy Saudi Arabia and its Royal family.
The cease-fire between Israel and Hamas has officially ended. There were a few rockets fired from Gaza, but some Palestinian officials want the cease-fire to continue. It appears that neither side is backing down on its demands. Hamas wants its borders opened and prisoners released. Israel wants assurances that the rocket fire will stop and Hamas to disarm. The Israelis also want an end to the creation of the so-called terror tunnels that Hamas was using to come into Israel to attack them. Something like 40 tunnels were destroyed. Some of them were more than a mile long. There is lots of blame to go around with deaths on both sides. The Palestinians have suffered the most with nearly 1,900 casualties. There are high numbers of women and children killed. Hamas says Israel is targeting civilians. Israel says that is not so and that they try to avoid civilian deaths. President Obama came out this week and said he has much sympathy for the Palestinian people in Gaza, but no sympathy for Hamas. Obama said Hamas deliberately fired rockets from population centers. Netanyahu gave a press conference and showed video of rocket attacks fired near civilian locations. 3,500 rockets were fired by Hamas into Israel. This is warfare and there is no peace plan in sight, just more fighting.
Finally, there is new poll out where 70% of Americans (both Democrats and Republicans) say illegal immigration is a threat to both the economy and our culture. Getting 70% of anyone to agree on anything in this country is significant. I cannot see how all this illegal immigration is going to help the Democrats this fall in the mid-term elections.
Join Greg Hunter as he analyzes these stories and more in the Weekly News Wrap-Up.