Dire Financial Warnings and Debt Jubilee-David Morgan
By Greg Hunter’s USAWatchdog.com
Finance and economy writer David Morgan says there has been a noticeable increase in dire warnings from some of the biggest names in the investing world. Why are the elite sounding the alarm on another financial meltdown? Morgan says, “One reason is they see it’s rather imminent . . . so, could it be this year? Absolutely. I have been kind of right and wrong on this. I am right about the deterioration in the economy, the money supply and the inability to directly address the problem. Where you pinpoint it is more difficult. I said 2015 would be the year that most sleepy Americans would wake up and see the economy isn’t really recovering. . . . I think it’s going to be 2016.”
Morgan goes on to say, “The thing to do for the population at large is to admit the truth and say we can’t pay the debt back. Then you have a default, and the fancy word for that is Jubilee. Then you say you are going to get 10 cents on the dollar or zero on the dollar. Then everything that has been mispriced gets repriced by the markets instead of the controllers. Then you start fresh, and you will have trust and truth in the system. . . . You default and let the chips fall where they may. That rebuilds capital markets. It’s truthful and correct but also very painful. The other way is to never admit the truth and hyper-inflate the currency.”
Regardless of the timing, all the big players agree there is going to be another big economic crash. Morgan thinks the elite are fighting over how the crash is going to take place. Morgan explains, “There is infighting at the top. The central banks really don’t know what to do, and they are starting to get agitated at the top of the pyramid. . . . As things start to deteriorate more and more . . . there is an instinctive ability of the human species to preserve what they have. There is infighting at the top. These people know this isn’t working, and there may be some really interesting discussions going on behind closed doors about what they really can do. The answer is they really can’t do much.”
On the U.S debt clock showing gold being priced thousands of dollars more than it is priced in the markets, and also silver priced hundreds of dollars higher, Morgan says, “I think it is $812 silver and gold $7,300. What that is is year-over-year increases in M2 money supply and yielding production of silver and gold in ounces. Or, you could say it’s the year-over-year production in ounces . . . and it’s an arithmetic problem. It’s dollars per ounce mined. As to why they are doing this, I don’t know, but I will take a stab at it. Maybe it is to get this out in the public where few are awake and aware. It’s obviously showing the gold/silver ratio is out of whack. . . . Both silver and gold are way undervalued.”
In closing, Morgan, who is also an expert in gold and silver, says, “Real wealth is what we can physically touch, and the market is going to reprice all of that. Gold and silver are a small subset of real wealth because that is physical money. If you look at farmland, skyscrapers, all the roads, all the minerals in the ground, oil and everything else, that’s the real wealth. What you do in a bond collapse is you reprice everything.”
Join Greg Hunter as he goes One-on-One with David Morgan of The Morgan Report.
(There is much more in the video interview)
After the Interview:
There is free information on TheMorganReport.com. If you want to get a copy of Morgan’s recent book titled “The Silver Manifesto” click here. If you want information on Morgan’s subscription service, click here.
Mike/Greg: The events are picking up, and we were warned about this happen by many experts like David. I’m not sure if he actually said these words but he hints to it at least.
Greg: I remind you and others- pastor Lindsey Williams was told and Congress has known that the USA will default on the national debt. DEFAULT- not write it off.
Congress has been told- I believe it was in 2005. That’s why they spend like crazy people- don’t matter if the debt is $20 Trillion or $200 trillion. When you know the end game- JUST SPEND!!
Mike is right – most people are brainwashed and think everything is pretty good. Food, beer, and a sports game on TV. That’s all they care about. People just don’t care-SAD!!
They are NOT spending the money.
They are STEALING it !
They are ENRICHING themselves.
It is SO VERY SAD to see that Americans still cannot see this.
They are getting richer and richer every minute this goes on.
Why can’t you people see this ?
1. Willfully Ignorant
don’t want to learn new information
2. Destructively Naive
everything they know is all wrong
3. Psychological Children
these people FEEL their way through life
theyse people NEVER THINK their way through life
TRILLIONs have been stolen by the criminally insane owners of the Private FEDERAL RESERVE
buy bit coin—GBTC (OTC)— Since april 1—up and a sail with non stop wind currents. It has gone down a little the last couple of days but BTFD, Why buy bit coin–when the fiat currency defaults—why not bitcoin?
IF that happens ..EVERYONE will go POSTAL, .10 on a 1.00 is a slap in the face and revolt time.
I do not believe the figures shown on the US debt clock. They are being rigged to show the economy in a less worse position than it actually is. Especially I regard to personal debt.
Another excellent interview with Mr. Morgan.
I saw that silver and gold price a couple of weeks ago and was wondering how they came up with that price at the us debt clock, here’s the link.
DM was talking about the gold – silver ratio being out of whack. if you divide the debt clock values by the actual price of gold and silver you get 6 for gold and 50 for silver! this also points to the current ratio being way out of whack. Good interview Greg… Chip
Michael. This is scary !
Interesting part is everyone can get their hands on some pennies. The clock read out is 19.00 per pound. It takes 1.45 in pennies to make a pound. Everyone should be stocking something.
Thanks Greg for this information.
JC, pennies are only 2.5% copper since 1982. You need a lot more than $1.45 in pennies to get a pound of copper.
Diana I was counting copper pennies.
Pre-1982 pennies are a lot harder to find. A lot have already been pulled out of circulation.
True Diana. So true.
The price of copper is way down at the metal yard, but I have had good luck on CL, and yard sales with wire and pipe. Storage can be a problem also.
If you were wondering about the correlation between Dow Jones, S&P 500 and U.S. debts, this will open your eyes.
However, only 2.5% of the weight of all pennies minted since 1982 is copper. The rest of the composition of a penny is zinc. If my math is correct, it would take $1.45 / 0.025 = $58.00 worth of pennies to extract 1# of copper.
thank you JC! for the info/
please remember that there is no longer any copper in our pennies. (as of about 1984). all aluminum and zinc or other worthless metals. but most coin shops sell pure copper coins (as well as silver). best wishes.
I was counting Copper pennies. 1982 and back. In 1982 there were 7 types of pennies the first 6 months were copper, and the rest were zinc / copper plated. I find about 7 copper in every roll from the bank. As a collector of pennies I call them poor mans gold.
Thanks for the link…I bookmarked this site.
We can all truly count on the fact that everyone wants something for nothing. I must confess, I am also guilty.
All the evidence shows that we are nearing the end of man’s tragic experiment in independence from God. It has been clearly demonstrated that rulership by humans apart from God can never succeed. Only God’s rulership can bring peace, happiness, perfect health, and everlasting life. His toleration of wickedness and suffering is nearing its end. Soon he will intervene in human affairs by destroying this entire unsatisfactory system of things.
The sooner the better. I aint gettin any younger and neither are you!
New Living Translation
“During the reigns of those kings, the God of heaven will set up a kingdom that will never be destroyed or conquered. It will crush all these kingdoms into nothingness, and it will stand forever. ◄ Daniel 2:44 ► The vindication of God’s sovereignty, his right to rule, by his heavenly Kingdom is the central teaching of the Bible. Foretelling a key part of the sign of “the last days,” Jesus said: New Living Translation;
And the Good News about the Kingdom will be preached throughout the whole world, so that all nations will hear it; and then the end will come. ◄ Matthew 24:14 ►
When the end comes, who will survive? The Bible answers: (Proverbs 2:21, 22) Douay-Rheims Bible;
[For they that are upright shall dwell in the earth, and the simple shall continue in it 22 But the wicked shall be destroyed from the earth: and they that do unjustly shall be taken away from it] The upright are those who learn God’s will and trust him enough to do it. Jesus Christ said: “This means everlasting life, their taking in knowledge of you, the only true God, and of the one whom you sent forth, Jesus Christ.” (John 17:3) Yes, “the world is passing away . . . , but he that does the will of God remains forever.”—1 John 2:17.
You are watching the end times being fulfilled right before your very eyes. Only those that are spiritually awake will see it. Thank you for sharing. God bless.
What is the “will of God”?? Please elaborate.
Dear Native Respect, what’s God’s will?
NR, A lot! But God does want us to live in peace and happiness.
You may wonder, though, ‘How could that ever happen?’ The Bible says that God’s Kingdom will make it possible, and it is God’s will that all people learn about that Kingdom and his purpose for us.—Psalm 37:11, 29; Isaiah 9:7.
God wants us to benefit ourselves.
Just as a good father wishes the best for his children, our heavenly Father desires that we enjoy eternal happiness. (Isaiah 48:17, 18) He has promised that “the one who does the will of God remains forever.”—1 John 2:17.
The Bible says that our Creator wants to “instruct us about his ways” so that we can “walk in his paths.” (Isaiah 2:2, 3) He has organized “a people for his name” to make his will known throughout the earth.—Acts 15:14.
God wants us to unite in worship of him.
Instead of dividing people, God’s pure worship unites them in genuine love. (John 13:35)
NR have you ever wondered what is the will of God is for us?
God’s will is that we come to know him as a Person, draw close to him, and then love and serve him with your whole heart. (Matthew 22:37, 38; James 4:8) We can learn how to do God’s will from the life and teachings of Jesus. (John 7:16, 17) Jesus didn’t just talk about the will of God—he lived it. In fact, Jesus said that his purpose in life was “to do, not my will, but the will of him that sent me.”—John 6:38.
NR, ever wonder if we need a special sign, vision, or calling to know what the will of God is for us?
No, because the Bible contains God’s message to mankind. It has what we need to be “completely equipped for every good work.” (2 Timothy 3:16, 17) God wants us to use the Bible along with our “power of reason” to learn his will for us.—Romans 12:1, 2; Ephesians 5:17.
NR can we really do God’s will?
Yes, you can, for the Bible says: “God’s commands are not too hard for us.” (1 John 5:3, Easy-to-Read Version) That’s not to say that obeying God’s commands is always easy. But the benefits you will gain far outweigh the effort you must put forth. Jesus himself said: “How happy are those who hear the word of God and obey it!”—Luke 11:28, Good News Translation.
NR, Life is fragile; Handle with prayer!
He has told you, O man, what is good; And what does the LORD require of you But to do justice, to love kindness, And to walk humbly with your God?
Native, it depends on what aspect of life you’re talking about. For example, it is God’s will that Israel will become the head of the nations – that’s prophesied in the Bible.
It is not God’s will that any should perish (die without God and be doomed to hell), as he also states in the Bible.
God’s will is easy to determine.
The Will of God????
He answered, “‘Love the Lord your God with all your heart and with all your soul and with all your strength and with all your mind’; and, ‘Love your neighbor as yourself.'”
the will of God is that you acknowledge Jesus Christ His Son as The only hope of everlasting life. Born of a virgin crucified,died ,buried,rose from the dead,coming again in glory to receive us unto Himself where we will evermore be with Him in glory .Repent of your sins ,call on Jesus and believe in Him .
The will of God is for you to know the one he sent.
John 6:29. It’s no more elaborate than that. Very simple. It is the meaning of life, it is the reason you are here.
He has told you, O man, what is good; and what does the LORD require of you but to do justice, and to love kindness, and to walk humbly with your God?
Greg, great interview.
What David doesn’t address is the global economies reliance on fiat debt based structures.
No one wants to address this mother of all issues. How will confiscatory sectors survive that depend on this model when SHTF? Can you get someone to address this all important question? The BLS indicates well over half the entire U.S. work force depends on printing presses, debt, premiums, inflation and taxation. Does this mean 10s of millions lose jobs after collapse? Help us understand where funding comes from in this scenerio since we can’t revert back to the fist debt based economic model.
Matt, you hit the nail right on the head my friend, I see you and I think a lot alike. Well said my dear brother, well said. Scripture is very self explanatory, and the ones you quoted were bang on buddy. 🙂 Keep the faith brother!!
Very good p0int, Dwain.
Great interview Gerg.
Greg I love your shows, very informative and enlightening. But you need to edit your audio because your voice is blowing up my speakers while your guests are barely whispering out. The last couple of shows have been like this. Maybe a compressor limiter would help. I am an audio guy and this could be a quick fix. Run your audio through it before you go into the computer. There are digital alternatives also.
Solid interview! Good choice Greg! He came well prepared and backed his stuff up. Always enjoy listening to him and always learn something new from him.
He mentioned our cowboy Bill Holter. Would be great to have him on in the near future.
Have a great weekend Greg. God bless.
Gold forecaster I am not!
But I will go on record and predict that Bill H will make a guest appearance at USA Watchdog by the middle of June 2016 : )))
Agree on the Bill Holter suggestion Greg!
I would like to reinforce what David Morgan said about the subprime mortgage scandal starting up again. According to this recent SEC investigation, it never stopped.
There is an old saying. “Man given a little authority will begin to rule in unrighteous dominion”. Everyday as the economic onion is peeled back one layer at a time, it becomes ever more increasingly clear, that our entire global economic system has been looted by the banking elite all the way down to its core. This is what happens when a small group of morally bankrupt people are given complete unfettered access to the world banks thanks to the Bretton Woods agreement.
As to when will the crash happen? In this fraudulent economic environment you have to think like a criminal instead of an economist to understand the game plan. Having grown up on the street with criminals I have a pretty good idea. Answer: When there is nothing left to steal. If the debt clock correlation to gold is correct, and gold is the only true symbol of intrinsic value, then I would have to agree would Rob Kirby. Once gold is gone. Its game over.
Jerry, I grew up watching criminals and being victimized by criminals, criminals being another word for politicians. Surely a reckoning is coming, but none of us really know what or when. The advice I have offered over the years here still applies: don’t let anyone do your thinking for you, and when the time comes, make your death count. Best always. PM
The rats are fleeing the ship. It shouldn’t be long now.
WOW! This one was a stunner. I guess the ESF dumping ground is beginning to back up. Lets see how the banking plumbers plunge their way out of this one.
I can personally confirm that sub prime loans are continuing , About a year ago I leased a brand new truck ($42,000 Value) , when asked about my job I told them I had one and made up a yearly salary, they never asked for proof of my job. I got the truck with barely nothing down. The banks don`t care who they take a chance on because they are loaning printed money out of thin air.
Greg, I like you and I come here because sometimes you get some really interesting guests on your site. That said, can you bring some positive people on sometimes? These doom-n-gloomers are starting to sour. Predictions are for fools, and the more negative, the more foolish they become. Can we get some balance? How bout some entrepreneurs or small business owners who are changing their local communities? Maybe some innovative farmers or small manufacturers bucking the system?
Thanks for what you do.
Excellent idea. Greg should move away from a very successful format that seeks out the truth and let’s the chips fall, to a more kinder, gentler, kumbayah type thing.
Predictions are for fools?
What does that even mean?
Ok..I have prepared and I believe a reset will occur.
However, Southpaw makes a valid point that we need to find a balance.
Recently, I made a decision to begin building a residual income business and I know that my efforts may be effected by the reset, but in the meantime I am making extra money and have improved my health in a significant way.
But make no mistake Greg is doing a great service here.
To be informed is to be aware. To be aware is a step in being prepared.
This new income I am generating is helping me prepare.
My new found healthier me is better prepared to survive the reset.
BTW that was my effort in presenting hope for the future.
Greg,, people like you inspire me..
Giving of themselves to help others.
Kudos to you.
southpaw, If greg would have a guest on to blow smoke up your ars, they would all have to lie to you, There is nothing good to say.
Now now please Southpaw is busy listening to the music and the last lifeboats are being loaded with others Dont disturb Southpaw he/she will be fine
Greg, while the option of a debt jubilee is indeed one of the two possible end-game scenarios available, I wouldn’t bet on America’s leaders or people going with that option. It seems quite obvious that denial on a mass scale is keeping Americans oblivious to the reality unfolding– that is, the Empire is starting to collapse, and history will laugh at the assertion they are the exceptional people chosen to benevolently rule the world.
The way I see it, the true worry is that when backed up against the wall of truth, the Empire doesn’t launch, thinking they can actually survive and thrive a nuclear first strike against countries that don’t fall in line with their vision of how things should be. Billions of deaths, a truly poisoned planet, meh, collateral damage. USA! USA!
The elite will probably opt for a 10 for 1 reverse split of the dollar … the $10 dollar bill will become the “new one dollar bill” … the price of gold “will remain unchanged” … but to buy an ounce of gold with these “new one dollar bills” means gold will effectively have a value equivalent to $12,000 “old one dollar bills” … this is how gold will protect the common man from the elites … gold retains its value irrespective of the elites in power … find a sunken treasure ship with some really old one ounce gold coins on board … with writing on them from a government that no longer exists … the coins may have “One Aztec” written on it (a currency that no longer exists) … however gold’s intrinsic value “transcends all governments and their elites” … and the old coins on that sunken treasure ship automatically “have value” in the currency of the present time … thus all the fiat currencies of the world can collapse to “zero” … gold will still retain its value … so it does not matter what the elites plan to do with their current Ponzi fiat system … owning gold will protect and save the common man!!
The elites are currently amassing massive debts in anticipation of a “Debt Jubilee” … since they have no concept of fairness this is going to sound a bit strange to them … but if someone is going to be forgiven $50,000 dollars of debt … then it is “only fair that someone “without any debt” be compensated with a one ounce gold coin (worth $50,000 dollars)!!!
Say the elites eliminate 300 trillion of their derivative debt obligations … this means each of the the 300 million American people should be compensated with $1 million dollars of gold !! … try telling the elites that giving each and every American one million dollars worth of gold each is simply being fair!
All the common people think the “Elites Jubilee” will be a great day for them …as they will get rid of all their credit card debt, etc. … however … unless they have at least one million dollars of debt it will just be another rip off of the common people … the only people who will truly benefit are the elites who will eliminate all their derivative debts!
You may enjoy listening to this 13 minute video that was just posted today,
Part 2: Here’s How China’s Silver Revenge Strategy has Unfolded
I always enjoy listening to David Morgan and kudos to you Greg for a good interview. Let’s remember that the National Debt Clock is a private organization…the US government would never tell the truth like that.
Thank you Greg and David for a very interesting interview.
I keep wondering if the greedy elite will take us to a major war for one more big payday.
Diane, if you read Dr. Paul Craig Roberts or credible bloggers like the Saker and Dmitry Orlov, the answer to that worrisome question becomes obvious — the US and its vassal states (NATO countries) are doing everything possible to prod Russia and China into any kind of reaction ( to their blatant provocations) that can be used as justification for war. A collapse of the dollar, the S & P , bond markets or our food delivery system will mean nothing if the nukes begin to fly IMHO .
Great interview as always with David! Most people even many people who are watching these events unfold fail to understand that we are already in collapse mode across the spectrum. Looking for a specific event or seeking specific timing can be as deadly as not watching at all.
Morgan’s insight becomes more & more plausible with each passing day and each new government induced, irresponsible dilution of the Dollar.
Greg, I like Morgan but he said silver would never go below $30 again a few years ago. Man was he wrong. I don’t trust his analysis after such a bad call. I do believe from my study the metals are going much higher and silver will close to 9:1 on gold. Why? That is the stoichiometric ratio they are getting both out now. If we get 9000 gold we will have 1000 silver. Book it.
I don’t know how much weight I’d put on the debt clock dollar supply to silver ratio in determining gold and silver price. Iit doesn’t tell you the true “value” of silver. It’s like saying there only exists one right foot of mine in the whole world, and the M2 to foot ratio is trillions of dollars to one. Does that mean my right foot is worth trillions of dollars? I personally highly value my foot, but would you pay trillions for it? Take it with a grain of salt is all I’m saying.
I have heard about those Gold and Silver to Dollar ratio prices on the dept clock.
I don’t know exactly how it is calculated but that’s about the price that all of us would consider reasonable for Gold and Silver. Maybe it is a shaddow calculation of the future Gold and Silver price, so when the time is up, they can turn the switch and those prices become reality. There must be a reason why they have added these prices on the dept clock.
Concerning Dave Morgan. I don’t think he has a very good track record when it comes to forecasts. Silver is still in the basement despite of all the bullish news. We will have to wait and see, as always.
Thanks Greg for the interview with David. We can always count on you to have a timely guest. I seen where Martin Armstrong gave a warning of a bond market crash coming in Oct., which he says will be cause by a liquidity crisis in the market. I have believed for some time now, and have said in many post, that in our fractional reserve system, the natural unwinding that takes place in a deflationary process, causes liquidity shortage, as a natural thing. Mr. Morgan is right in saying the choses are few, either pump more dollars into the system, causing hyper-inflation, or allow the system to crash and be forced into a reset by market forces. The gold, silver, price reset, would be a natural occurrance in this situation. Either way, the crash and reset, eventually happens. Its just, at what time will the reigning powers allow the crash to play out, and reset to take place. The political side of this, is the most dangerous. If the NWO is successful in electing Hilary, then, the crash will be used as a tool to achieve the will of the CFR, Trilateral commission, and the like. But if Trump is elected, then either Obama will use crash this fall to stay in office and fulfill, what Hilary would have, given she was elected. Its a very dangerous time for Trump. There is over 4000 members in the CFR, plus all who are in the Trilateral commission, who hold powerful positions in Washington. If Trump, is not able to clean house enough to keep them from undermining his efforts, then a call may go out to the American people by Trump for help. If I was Trump, the dismantling of the NWO agents in our government, would be the first steps. I would make them fear for there lives, for their deceitful, treasonist attempt to undermine national sovereignty. It’s time for a revolution, and if it can’t be achieved through peaceful means, then I’m for the other, for our descendance sake. I think if every American becomes awake enough to understand the threat, then we have a opportunity to restore America, but these globalist power must be taken away, and the first thing to do that would be to dismantle the federal reserve, and kick the UN, CFR, Trilateral commission, out of this country. The people need to stand up and fight for there rights, in whatever way is necessary to restore the republic. That’s how I feel. Good job Greg, I hope you will not hold this post back from posting, because of the extreme view I hold, I love our country, and for decades now, the globalist have raped our nation of its wealth and is trying to destroy our nation from the inside out. They are scum, as far as I’m concerned.
Great assessment of our current situation Don, and your views aren’t extreme just honest. The scenario’s you proposed are real to those who have followed what is happening behind the scene’s. Hopefully. more people will become more concerned about their future’s, than consumed by all the things they allow to distract them beyond any real thought. I think Trump is 100% clear about what has and is going on, the only question is does he have a solid plan to stop it. Time will tell, but I do think people will have to stand up to keep any freedom in the future. If we keep allowing people to divide us they will win.
Don, I read in Breitbart News that the Bilderbergers are having a “special” meeting to determine how to deal with Mr. Trump. He needs lots of protection. They got JFK>
Great Interview Greg .
Here are some more European based pieces for your bigger picture.
The general consensus in the UK is that more people will vote OUT than vote stay in the EU but that Cameron and his billionaire oligarch mates will manufacture a very small win for the stay side. (identical to the recent Scottish referendum)
Joseph Stalin allegedly said ” It is enough that the people know there was an election. The people who cast the votes decide nothing. The people who count the votes decide everything.”
However the French are more likely to vote to leave as they are more militant and far more Eurosceptic. They are also having to deal with the flood of Muslim Jihadi’s constantly walking up from the South. Starting this weekend France hosts a large European soccer competition and IMO anyone that goes anywhere near one of those stadiums has mental health issues. Every migrant incident is going to put more pressure on the EU marriage.
The French are currently causing chaos against the TPP proposals and have apparently just voted against the Russian sanctions ( https://www.rt.com/news/345898-french-senate-lifting-sanctions/) although the source may be dubious as its RT.
It may well be that the actions of the people of France will collapse the EU anyway within six months, which will rescue the UK from the chains. Ironically this will be a role reversal from the last two wars !
The EU is a financial basket case as can be seen here ( http://www.eudebtclock.org )
Every EU member apart from maybe a few of the smaller Eastern European states are way beyond saving. The Greek debt per person is actually less than the UK debt per person a fact that seems to have escaped the traitors Cameron and Osborne.
I did an Emergency incident first aid course last week and I am learning to reload ammunition at home as well which are all fine tuning the preparations. Gold and silver are going to be very very important but it is important to plan for things alongside finance.
Keep up the good work
Hi Greg and gang, always nice to read your posts. Anyway, I disagree with Mr Morgan in only one sense; I think as the game is created, rigged, and controlled by the banksters – they aren’t confused as to what to do, they’re the ones who planned for this mess to happen. They control it like a musician plays an instrument.
“Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”
The above quote should clue everyone in. I think we can trust the fed as much as we can trust a federal reserve note to keep its value.
Last week after all the criticism of the guest, I got to thinking, “Suppose Greg just gets fed up and drops doing the site?” How bereft we would be! Kudos to the guy who asked if the critics support the site.
Thanks, Greg, for the continuing great work in informing and causing us to think.
I learned a lot from this interview. There is no question in a sane, thinking person’s mind that an unprecedented crash is coming. Everyone wants to know when. But as I’ve said before preparation is a mindset, a way of life. You buy gold because it fits with the truth you know..after you have water food, etc. because your observations have showed you that the JIT system will not be enough. One hurricane shows that.
I personally don’t like alarmist date setters. I am learning to separate that from their wisdom. This guest was very clear on his opinions and speculation. I liked him. I like you more…don’t stop now!
Hey Southpaw, After the carnage of the obominator, good luck finding entrepreneurs and small businesses that are successful and thriving.
There are also prophecies that state that when the economy collapses a man who has a choice between a bag of gold or a stray cat will pick the cat? why? because you can eat the cat but you can’t eat the bag of gold.
And I guess the saying ‘ A fool and his money are soon parted’ was created immediately after he picked up the cat.
Yeah but you can buy fresh eggs chicken and lamb with your silver and gold coins Dollar bills probably NOT SO MUCH
GREG; Imagine the reaction of the banksters if the LORD decided to take the Stock Market down to nothing in one day. For those of us who trust in the LORD, it would be just another normal day. But for the banksters, WOW!!!
Don’t hold your breath for a jubilee. Today’s system based upon contractual law is much different that anything that supposedly occurred 2000+ years ago. Today defaults go through the courts, one by one. Collateral, co-signers and finally the US taxpayer gets cleaned out, the banksters always get their get. The status quo will go on and on for as long as there are new immigrants to put on the entitlement system using newly created debt fiat that adds on to the national debt. The fed spend $20k EACH to settle each one, plus $47k annually in entitlements, multiply this by 50 million already here and you got half of Wall Street’s bottom line.
Thanks for “working on” that MP3 download of your fine episodes.
Not an Austrian economist working within earshot of the Fed’s Eccles building.
If Israel wants to fight a risky war with Syria and Russia that is their business … http://news.antiwar.com/2016/06/07/report-israeli-jets-attack-syrian-military-base-in-homs/… Israel has 300 nuclear weapons … they can take good care of themselves … and even Iran “on their own” … we Americans don’t have to sacrifice our childrens lives to fight “other peoples wars” just because Hillary gets a big donation to her Charitable Trust!
Not just Israel, extend that to ALL foreign countries. The only wars we should be fighting are on US soil to defend US soil. I am so sick of war, war, war. What have we accomplished in last 65 years of foreign wars? We have 2 generations who know nothing of peace. Remember ‘peace’?
Exactly the way I feel Diane … I can see how politicians can be idiots but why is it that religious leaders who preach “brotherly love” are so hell bent on a nuclear Armageddon … enemies can find a better way to negotiate then by blowing and incinerating up each others women and children … I say leave America out of the insanity going on in the Middle East … if the political imbeciles in charge over there want to destroy one another so be it … but keep our children out of their wars … Israel has plenty of nuclear weapons it can toss at Iran, Hezbollah, Syria and Russia to get Armageddon started … let them do it … just let them do it without US … we don’t have to send our children over there to get involved in a war to fulfill Biblical Prophecy … it is entirely up to the people in the Middle East to bring Armageddon upon themselves … let them do it … but leave US out!!!
Diane … if Hillary had any the brains (the way you do) our mothers would not have to worry about their 18 year old children “being aborted” on the battlefield (fighting a war for someone else) … what we have to watch out for is a false flag attack on American soil that is used to drag us into fighting someone elses war … this is why it is very important to elect Trump who will bring the 9-11 conspirators to judgement … we must weed out all these bad guys living here in America who would intentionally do another evil thing to us for their own sinister motives!
You will find this dissertation by Sheik Imran Hosein interesting Greg.
It digs down right to the bottom of what the world is and has experienced over the last century. Let’s all hope he’s wrong about this bur the problem is that it makes complete sense.
Greg, what a great, great interview. He echos everything I believe. The interaction between the two of you was excellent. Please, keep up the great work. Kevin, KA7LRC, west of Longview, WA.
The US government has not been loading money into EBT cards for 8 days in a row! People all over the country are not able to buy grocery…first the Deutsche Bank’s ATM had a computer glitch, now its the EBT. I see a monstrous tsunami coming.
When looking at the media and the people that comment here I can not help but draw a solid conclusion. Trump and Hillary have to see the global collapse coming. So why would the deliberately want to be center stage at this time? I can only conclude that it must be toxic narcissism. Both of these people have different plans for this country, that is true. However, the one thing that ties them at the hip is the idea that if this country is reduced to a pile of dung they want to be sitting on top of it instead of under it. Their ego would not permit that. They always have to interact with the common folk when needed but to live with us? How gauche!!
DING, DING,DING,DING…………..ICEBERG DEAD AHEAD!
The primary hidey hole for U.S. treasuries that have been dumped back into the market by nations of the BRIC alliance, has always been Japan. Japan’s balance sheet is overloaded with U.S. debt. Whenever a major Japanese bank says enough with bond selling, that is a clear sign that they are shifting to the BRIC alliance, and will most likely join AIIB. The end result will be, the collapse (which is in progress) will pick up speed.
This article was at the top of Drudge yesterday. I’m sure some of you guys saw it.
“Worried about the outlook for the global economy and concerned that large market shifts may be at hand, the billionaire hedge-fund founder and philanthropist recently directed a series of big, bearish investments, according to people close to the matter.
Soros Fund Management LLC, which manages $30 billion for Mr. Soros and his family, sold stocks and bought gold and shares of gold miners, anticipating weakness in various markets. Investors often view gold as a haven during times of turmoil.”
It appears Soros sees, or “hears”, that something is going to fall apart very soon.
Hi everyone. I’ve been reading a lot of alternative news sites for the last 8 years (USA WATCHDOG is one the best). I rarely comment because our situation is so massive that I’m sure I don’t fully comprehend all of it. Everyone seems to have a different opinion on all aspects, and I try to just listen and learn. I have prepared my family for a collapse as best I can – food, water, cash, pm, and protection. I’ve been wondering lately though if we’re all being too defeatist in out attitude towards our country. All of the news websites keep us informed, which is great, but it seems all we do is voice our opinion in the comment section. Shouldn’t we be more physically active and actually form groups that meet up at different locations across the country? I just don’t feel as if I’m doing enough, and I don’t think that I’m smart enough to start a movement that would put us on the right track again. We certainly can’t depend on ANY of our elected officials to do it.
Hi Greg and all Doggers … Good interview Greg … listened to a great presentation on JSMineset/Bill Holter about China and Silver … excellent presentation … the Chinese have long memories and are sly … interesting times, Yours, DB
And this Jerry
The brexit is a big event. That could shatter the confidence of the EU. My take britain leave then thete will be internal fight within EU and banks. EU then becomes 10 members only led by Germany.
Greg get some expert to ecplain the brexit to viewers. Its a big event. People dont realise how it big fie the destiny of EU and the financial world.
Rickards says they will leave, i agree and the author of everything says it will happen.
The “DOUBLE-CROSS” cometh:
WEDNESDAY, JUNE 8, 2016
Vice President Joe Biden urges “patience” when asked whether Vermont Sen. Bernie Sanders should get out of the presidential race since Hillary Clinton has become the presumptive Democratic nominee; declining to endorse Clinton while praising Bernie Sanders.
THURSDAY, JUNE 9, 2016
Obama meets with presidential candidate Bernie Sanders.
Obama endorses (?) Hillary Clinton. (Grinning from ear to ear like a sneaky, cunning Cheshire Cat, Obama could hardly contain himself about what he REALLY has planned for Hillary and her “character”. It was a stronger endorsement for Bernie Sander’s policies and contributions to the Democratic Party than Hillary and her character.
Within an hour of the endorsement, Obama’s White House announces, for the first time, Hillary is the subject of a criminal investigation.
Obama meets with Attorney General Loretta Lynch. Meeting closed to the press.
Yes, the “DOUBLE-CROSS” cometh!
Obama’s “endorsement”…. http://www.wnd.com/2016/06/trump-hits-hillary-with-epic-smackdown-after-obama-endorsement/
I was wondering if the run to the dollar and gold may be our present circumstance. Perhaps a further disintegration of the EU with the BREXIT or even France leaving would automatically spike the dollar with the collapse of the euro. Sure the very nature of how the FOREX works being the relative value of a basket of currencies – that has nothing to do with how much they can necessarily purchase even as compared to each other, but only as valued compared to each other. What nonsense it all is! I.E. a British pound roughly buys the same in the U.K. as a USD does in the USA. (And yes, it is a wonder they still have a tourist industry with N.A. visitors.) And yes, it sounds goofy because it is a complexly operated fiat system. AAR, THE great Kitco pundit, ANOTHER said: “In the end gold and the dollar would rise together”. For almost twenty yeas I had trouble with that statement and now I don’t.
Great interview, Greg. I have been listening to David Morgan as long as reading ANOTHER at the original (and sole forum then on the Internet in the PMs) Kitco Forum, and consider us all contemporaries if not old friends by now. David is one of the really good ones.
In this interview you mentioned how you didn’t have your contract renewed by CNN, so you started USAWatchdog instead. This was lucky for all your viewers. Your interviews have been wonderfully helpful for us to understand the economic situation and help us plan what to do before, during and after the upcoming economic disaster. We really appreciate your work and tell anyone who is interested to watch them. Many thanks once again for everything.
Kate from New Zealand
so if the economy gets a new dollar value and your 2million dollar mansion is only worth 200k on the new adjustment, why does that home owner have to wear that loss when the ones that stuffed the whole thibng gets away with it. shouldnt his loan get readjusted with it according to the same percentage the dollar is now adjusted to.sounds like a big scam if the loan stays the same and the ones that stuffed up reposess his home cos its a ridiculous sum to pay.
Thanks for another great interview. I’m to the point where I don’t know if most Americans will ever wake up. At least not until their bank accounts are emptied and there is no food in the grocery stores. It really is a discouraging thing to witness. It definitely feels like the tempo of events is picking up.