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Fed Out of Bailout Bullets – Rick Ackerman

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

Financial writer and professional trader Rick Ackerman says don’t expect a replay of the 2008-2009 financial crisis where the Federal Reserve bailed out almost everything in sight. Ackerman explains, “It ended up Lehman Brothers went under, and they needed a couple of sacrificial lambs, along with Bear Stearns. It could have just as easily been, and it might be the next time, Goldman Sachs. So, in that way, the Fed is kind of out of bailout bullets. We’ve already been through a bailout where it took a big hunk of the financial system. Each one takes more bailing out to get to that critical threshold of credibility where the bailout itself works.” (more…)

$1 Quadrillion Global Derivative Market Means Deflation – Rick Ackerman

By Greg Hunter’s USAWatchdog.com

Financial writer and professional trader Rick Ackerman says get ready for extreme deflation, not inflation. In his mind, the deflation scenario is building. Ackerman says, “Yes, it is. When you talk about $22 trillion in federal debt, that is really a drop in the bucket because the bigger piece of it is in the global financial markets, mainly in the derivative instruments. The notional value of that totals a quadrillion dollars, and all of that is what I call ‘unactualized deflation.’ Each transaction in that quadrillion dollar market has a dollar debtor in it. At some point, people are going to be stretched to pay those dollar debts and short term loans or short term paper is not going to settle up the way it usually does, and you will not be able to roll that short term debt. People will be forced to pay and settle up in cash, and I think that is when you will see a short squeeze on the dollar. That will push the dollar’s value up enormously compared to all other currencies.”

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Financial Collapse to Wipe Away All the Lies-Rick Ackerman

Rick hed shotBy Greg Hunter’s USAWatchdog.com

Financial analyst Rick Ackerman says the mother of all market meltdowns is a sure thing. It is just a question of when, and when it starts, it will simply implode at a stunning pace. Ackerman explains, “We’re in a situation now where any day something can happen. I think that the black swan will be something like the stock market starting down for no apparent reason. That in itself would trigger the implosion, and I think the only thing that is propping up the markets now is the mentality of . . . how bad can things be if the stock market is trading within shooting distant of all-time highs? I think the stock market is the main buttress of this enormous hoax that has been going on with easing (QE or money printing).”

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Strong Dollar is Black Swan-Rick Ackerman

Rick hed shotBy Greg Hunter’s USAWatchdog.com 

Trader/analyst Rick Ackerman says forget about the demise of the U.S. dollar anytime soon, Ackerman contends, “I have been totally bullish on the dollar for years, and it looks like clear sailing to me.  The dollar is certainly responding to what I would call economic fundamentals, even though bonds have been on this odd holding pattern for a while based on a wishy-washy Fed.  I see nothing but a strong dollar because if you look at the global derivative market, it implies a dollar long and a dollar short position. . . . The side that has to pay back in dollars is effectively short it.  So, we have this monstrous derivatives market, and some experts put it at a quadrillion and a half dollars, and it represents a huge short position on the dollar, and the squeeze is starting to happen now.”

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Dot-Com Style Crash Coming-Rick Ackerman

Rick hed shotBy Greg Hunter’s USAWatchdog.com 

Financial analyst and newsletter writer Rick Ackerman is no stranger to contrarian calls.  At the beginning of 2014, he said forget about rising interest rates because they were going down.  They did.  Now, Ackerman predicts rates will go lower and will stay low for a long time.  Ackerman explains, “My perspective is that of a deflationist, and it’s been easy for me to see.  Even though we have inflation in certain things . . . the much bigger picture is deflationary.  It is that huge $1 quadrillion edifice the central banks are fighting to keep from imploding(more…)

Obama Care-Absolute Abomination will Collapse Under its Own Weight-Rick Ackerman

Rick hed shotBy Greg Hunter’s USAWatchdog.com 

Trader/analyst Rick Ackerman is feeling a little less nervous about the negative effects of Obama Care.  Ackerman contends, “I think, at this point, we’re blessed with a package that is such a bloated abomination that it’s going to collapse under its own weight.  It seems pretty obvious the program simply won’t fly.”  (more…)

Obama Care-Economy Can’t Survive It-Rick Ackerman

Rick hed shotBy Greg Hunter’s USAWatchdog.com 

Trader and forecaster Rick Ackerman says, “As far as the Fed getting off the easing regimen, it’s not possible . . . You’d kill the system right now.  There’s no way out, and although we put off the day of reckoning, it can’t be put off indefinitely.”   (more…)

Sandy Damage-$150 to $250 Billion-Rick Ackerman

Greg Hunter’s USAWatchdog.com

Financial analyst and forecaster Rick Ackerman says Hurricane Sandy came at a time when “. . . the U.S. economy is in a mission critical status. . . . All of the positive effects of this spending are 8 to 20 months down the road.”  Ackerman says this disaster is going to be different than in the past because “we’re living off the fatted calf, but the fact is now we’re broke.  Where is all this money going to come from?”   You can forget the current mainstream media estimates of $50 billion in storm damage.  (more…)

One-on-One With Rick Ackerman

Greg Hunter’s USAWatchdog.com   

Professional trader Rick Ackerman thinks “the next market meltdown is going to look like the flash crash” of a few years ago.  Ackerman is the creator of an investment newsletter called “Rick’s Picks.”  He says the dollar is “ultimately garbage” and is backed by “nothing but debt,” but that doesn’t mean the dollar will crash in the near term.  Ackerman thinks it’s “going much higher” before it goes lower.  (more…)

Greg Hunter’s 2019 Thanksgiving Message and Weekly News Wrap-Up

By Greg Hunter’s USAWatchdog.com

Join Greg Hunter of USAWatchdog.com as he gives his Thanksgiving message and delivers a Weekly News Wrap-Up.

Please remember to give Thanks to God the Father and His Son Jesus Christ for both the Good and the Bad.

Happy Thanksgiving from USAWatchdog.com!!!! Video after the break.  Enjoy!!!! (more…)

The Most Predictable Financial Calamity in History

By Greg Hunter’s USAWatchdog.com

In November 2010, the Federal Reserve announced a second round of economic stimulus commonly referred to as Quantitative Easing (QE2).  The reason, according to the Fed, was “progress toward its objectives has been disappointingly slow.”   So, to try and turn the economy around, the Fed said, “. . . the Committee intends to purchase a further $600 billion of longer-term Treasury securities (more…)

The Fallacy of ‘Bailing Out’ U.S. Cities and States

I want to revisit something banking analyst Meredith Whitney said this week on CNBC about the huge financial insolvency problems facing many U.S. states.  She said, “You have to look at the states and the risk that the states pose, because the crisis with the states will result in an attempt at least for the third near-trillion-dollar bailout.” I feel there is no way Whitney reveals this possible $1,000 billion boondoggle unless she has some inside information or insight.  This is a lose-lose proposition.  (more…)