By Greg Hunter’s USAWatchdog.com

(Corrected)

Financial writer and precious metals expert Craig Hemke has predicted for the last year and a half that “high demand coupled with low supply will unlock the price of precious metals.”  Nowhere has that prediction been more on target than in the gold price.  This year, it looks like gold prices will continue to climb with the doubling of Fed debt on its balance sheet, and massive stimulus from Congress to fight the virus lockdown.  Hemke explains, “A key driver here is the Fed policy that is going to lead to a 1970’s style of stagflation. . . .” (more…)

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

William Black is both a Professor of Law and Economics.  He has a wealth of opinions on the politics of spying and Wall Street crime. On President Obama’s curtailing of NSA spying, Professor Black says, “It is only because of Snowden’s disclosures that we know more, and we have this debate . . . The NSA probably intercepts 50,000 documents for every one document that foreign intelligent services collect.  So, we are the story internationally (more…)

By Greg Hunter’s USAWatchdog.com 

I was thinking about titling this post “Fire Jamie Dimon.”  I changed my mind because this article is much, much bigger than Mr. Dimon.  This is really an article about the current climate of fraud, negligence and incompetence that is accepted as the new normal.  Dimon and JP Morgan Chase are just the larger-than-life faces of the profound problems that are not getting fixed.  (more…)

By Greg Hunter’s USAWatchdog.com 

William K. Black is one of my heroes.  He is a former bank regulator, professor and an outspoken critic of the part of Wall Street that crashed the financial system in 2008.  His big beef is there were zero prosecutions of financial elites.  A thousand big wigs were convicted (including a sitting governor) in the wake of the Savings and Loan crisis in the early 1990’s.  (more…)

By Greg Hunter’s USAWatchdog.com

The surprise announcement by JP Morgan that it lost $2 billion in trading derivatives was portrayed in some mainstream media outlets as no big deal.  The Associated Press reported Friday, “Bank stocks were hammered in Britain and the United States on Friday, partly because of fear that a surprise $2 billion trading loss by JPMorgan Chase would lead to tougher regulation of financial institutions. . . . (more…)

By Greg Hunter’s USAWatchdog.com

I was watching the FOX Business channel, and who did I see again–Jamie Dimon, Chairman and CEO of JP Morgan Chase.  Charlie Gasparino had what he called a “no holds barred” interview with Dimon.  I watched two long segments of the interview, and once again, it appeared like a PR story for the bank.  In one of the segments, Gasparino said that Dimon, “. . . took every question I threw at him . . . I think he sees himself as a spokesman for the industry.”  It was too bad Gasparino was throwing softballs.

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By Greg Hunter’s USAWatchdog.com 

Last week, I saw an interview in USA Today with JP Morgan Chase CEO Jamie Dimon.  Maria Bartiromo of CNBC was the reporter; so, I am not surprised to see a very soft ball story.  I don’t know what you would call this kind of reporting, but it’s not journalism.  To me, it’s a PR piece for Dimon and JP Morgan.  (more…)

By Greg Hunter’s USAWatchdog.com

Precious metals expert David Morgan says the prolonged sideways price of silver is what bottoms look like in the precious metals market. Morgan explains, “This market has not moved for a very long time . . . Silver bottomed in December of 2015, and, yes, we have gone up and down and up and down, but the overall lows have been higher lows, which is the definition of an uptrend.  Silver and gold have started a subtle uptrend from the bottom in 2015, but it certainly has been slow and tedious and back and forth.  I coined a phase, ‘silver will either scare you out or wear you out.’  We are in the wear-you-out phase.  A lot of people who were believers at one time have become non-believers.  The markets have worn them out, and they have moved on to something else.” (more…)

By Greg Hunter’s USAWatchdog.com

Silver expert David Morgan says prices of the white metal may be low, but demand is huge. Morgan explains, “I did a survey of many of the top wholesalers and retailers in the country and came to the conclusion that the retail side of the market has basically seized up. One of the biggest mints in the U.S. is backlogged about 4 million ounces. You have two other main government mints that are basically on halt and not producing, or trying to catch up. You have huge premiums in the silver bar market and extremely high premiums in the silver bag market, or what is referred to in the industry as junk silver. Dealers are paying $5 above spot to source silver bags. What that equates to for the cost of silver is about $19.25 an ounce, and we are in the mid-$14 range for an ounce of silver. So, obviously, there is a huge demand that cannot be met with the current supply in the retail market.”

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By Greg Hunter’s USAWatchdog.com

Finance and economic writer David Morgan thinks the global economy very likely could take a sudden turn for the worst.  Morgan says, “There is going to be a panic buy into the metals, and there is only so much to go around. . . . The way things have gone from the 2008 financial crisis until now have only gotten worse. . . . I don’t think we are going to have a hyperinflation, but what I do believe is there will be a panic exit out of currencies.  That event will cause people to run for the most trusted money that exists, and that is gold and silver.  (more…)

By Greg Hunter’s USAWatchdog.com

Silver guru, David Morgan, says forget about the manipulated price suppression of the yellow and white metals.  It’s only a matter of time before the debt and derivative markets crash, catapulting precious metals prices exponentially higher.  Morgan explains, “The bigger problem all exists in the debt markets, and the debt markets is where the problem is really.  When that problem blows up, there’s going to be a run to gold unlike anything in the history of mankind. . . . (more…)

By Greg Hunter’s USAWatchdog.com

Silver expert David Morgan is warning of coming financial changes that may be forced on the U.S. during the next G20 meeting.  Morgan says, “The impetus here is the U.S. has had too much financial power backed by the military for far too long, and they (G20) are going to implement change one way or the other.   (more…)

By 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…)

By Greg Hunter’s USAWatchdog.com

Alex Jones was on Piers Morgan’s CNN show last night to talk about gun control and, boy, did Jones take it to Morgan.  I found myself mesmerized by the debate.  Well…not much of a debate anyway, more like a verbal beat down.  I don’t think Morgan knew what to say.  I thought Jones won hands down, and Morgan didn’t have a single comeback to the points  Jones made to Morgan on guns.  (more…)

By Greg Hunter’s USAWatchdog.com 

Precious metals expert and financial writer Bill Holter is looking at what is going on with the financial system and says there is not really an effort to save it.  Holter thinks the moves they are making are designed to take the financial system down, and along with it, they want America destroyed too.  Even though the overall economy is clearly sinking, JP Morgan Chase CEO Jamie Dimon is calling for much higher interest rates.  Holter explains, “If you were looking at this with common sense, you would think the hiking of interest rates are done.  Financial analyst Zoltan Pozsar said recently that QT (Quantitative Tightening) has to stop, and QE (Quantitative Easing) has to start–now. . . . If those in control were not purposely trying to take the system down, I would say that is correct.  At this point, my guess is they are purposely trying to take the system down.  So, we are not going to see an easing until something really big breaks.” (more…)