Global Disabling Debt Will Cause Hyperinflation – Michael Pento

By Greg Hunter’s USAWatchdog.com

Economist and money manager Michael Pento has long warned global central banks would lose control and the ability to keep the financial system propped up. The waiting is over. Pento explains, “The central bank charade is over. Remember back in the Great Recession, they took these emergency measures that were going to be ‘temporary in nature.’ They are not temporary in nature. . . . The quantitative tightening program was cut short. It ended in July. . . . They were only able to take away $700 billion of the $3.8 trillion that they created. So, there is $3.1 trillion worth of base money. That’s rocket fuel of real money in the banking system, dry tinder ready to explode to a hyperinflationary crack up boom. They did it on a permanent basis.”

Everywhere you look, nations are up to their necks in unpayable debt in far greater amounts than in the Great Recession. Pento warns, “This is disabling debt on a global basis. It is profuse in China, Japan, Eurozone, United States and throughout the developed world. You cannot service this debt honestly. In other words, the tax base in the European Union, Japan, China and the United States cannot make this debt solvent. So, it has to be defaulted upon. It can be defaulted upon either through inflation or deflation. I think they are going to try both. They tried deflation. It is happening now, and it’s not working out so well. After this crash becomes completely manifest and salient, they will switch towards inflation. I mean inflation like we have never seen before. There will be a strategy to get to inflation. I am not talking about the Fed Funds Rate down to 0%. That’s not going to work. They will probably launch another round of QE (money printing). . . . They are going to have do Modern Monetary Theory (MMT), negative interest rates, ‘Helicopter Money’ and the banishment of cash.”

In closing, Pento says, “We have gone from 100% confidence in central banks in 2009 . . . that notion has been completely eradicated, eviscerated and obliterated. The faith in central banks, European Central Bank, Bank of Japan and the Fed is almost completely gone. If you want proof, look at the dollar price of gold, and look at the price of gold in all other currencies around the world that it is measured in.”

Join Greg Hunter as he goes One-on-One with money manager Michael Pento.

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After the Interview:

There is much free information on PentoPort.com.

This segment is sponsored by Discount Gold and Silver Trading. Ask for Melody Cedarstrom, the owner, at 1-800-375-4188.

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Comments
  1. William Stanley

    Mr. Hunter,
    It’s always great to hear from Mr. Pento. Thanks!

    • Anthony Australia

      Absolutely it is, great man and as honest as they come.

    • Rob

      Yes Mr Pento is always enjoyable to listen to as he sees exactly what is coming but probably does not understand that this is all being orchestrated from the top down:

      John 3:27 John answered and said, A man can receive nothing, except it have been given him from heaven.

      Ephesians 1:11 in whom also we were made a heritage, having been foreordained according to the purpose of him who worketh all things after the counsel of his will;

      The war and hyperinflation that is coming globally due to all fiat currencies devaluing sets us up for the second and third seal that Jesus opens upon the whole earth:

      Revelation 6:3-8 And when he opened the second seal, I heard the second living creature saying, Come. (4) And another horse came forth, a red horse: and to him that sat thereon it was given to take peace from the earth, and that they should slay one another: and there was given unto him a great sword. (5) And when he opened the third seal, I heard the third living creature saying, Come. And I saw, and behold, a black horse; and he that sat thereon had a balance in his hand. (6) And I heard as it were a voice in the midst of the four living creatures saying, A measure of wheat for a shilling, and three measures of barley for a shilling; and the oil and the wine hurt thou not. (7) And when he opened the fourth seal, I heard the voice of the fourth living creature saying, Come. (8) And I saw, and behold, a pale horse: and he that sat upon him, his name was Death; and Hades followed with him. And there was given unto them authority over the fourth part of the earth, to kill with sword, and with famine, and with death, and by the wild beasts of the earth.

      The earth is Father’s proving grounds for all of humanity to prove who will choose to live like His firstborn Son which determines where they belong for eternity:

      https://sumofthyword.com/2017/01/19/him-crucified/

      • The Zionist 2A American Patriot

        You had me until:
        “…who will choose to live like His firstborn Son which determines where they belong for eternity…”

        Salvation has nothing to do with HOW we live –
        It has everything to do with WHO gives us life.

        HOW we live has NOTHING to do with determining “where we belong for eternity”.

        • paul ...

          Z … How we live “has everything to do with determining where we belong for all eternity”!!!!

        • Rob

          It simply amazes me how little scripture Christians “patriots” actually read much less understand:

          1 Peter 4:17-19 For the time is come for judgment to begin at the house of God: and if it begin first at us, what shall be the end of them that obey not the gospel of God? (18) And if the righteous is scarcely saved, where shall the ungodly and sinner appear? (19) Wherefore let them also that suffer according to the will of God commit their souls in well-doing unto a faithful Creator.

          Hebrews 5:8-9 though he was a Son, yet learned obedience by the things which he suffered; (9) and having been made perfect, he became unto all them that obey him the author of eternal salvation;

        • Frederick

          Zionist Huh Sort of like Jeff Epstein and Giz-lane Maxwell right Sure Wish Greg would at least comment on that case

          • Greg Hunter

            Former CIA Officer and whistleblower Kevin Shipp will in the “Early Sunday Release”.
            Greg

        • Galaxy 500

          And praise God for that fact. Salvation is freely offered. Many are called but few are chosen.

      • paul ...

        Yes Rob … Earth … is God the Father’s proving grounds … to test man … and have him “rise to be what God intended him to be” (like Jesus) … and wrestle against the rulers of darkness in this world (by overturning the Fed banksters tables and blocking the neocons desire for continual war) … and to reject the spiritual wickedness of Demon-rats in high places that sacrifice children and exploit women (i.e. Hillary, Epstein, etc.)!! … (Ephesians 6:12)

        • Rob

          Actually Jesus paid no attention to the corrupt immoral Roman government that was occupying Israel during His earthly ministry because He was only interested in our death to this life in pursuit of eternal life:

          John 12:25-26 He that loveth his life loseth it; and he that hateth his life in this world shall keep it unto life eternal. (26) If any man serve me, let him follow me; and where I am, there shall also my servant be: if any man serve me, him will the Father honor.

    • paul ...

      Also Greg … great timing on having Pento on … 2 year and 10 year yields have inverted today for the first time since May 2007 … https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/bfm212E.jpg?itok=Qidh6Y2w

      • paul ...

        Keep in mind folks … the S&P 500 tops “a little after” the 2yr-10yr curve inverts … and the US economy goes into recession six to seven months after the S&P 500 has peaked!! … https://www.zerohedge.com/news/2019-08-14/2s10s-just-inverted-heres-what-happens-next

        • paul ...

          If Trump sees what is coming why hasn’t he removed Powell and replaced him with a “better inflationist” that is worth his salt and knows how to print money 14 times faster then the current rate!! … https://www.zerohedge.com/news/2019-08-14/trump-bashes-clueless-jay-powell-and-crazy-inverted-yield-curve

          • FC

            Paul… No past, present or future President will never be able to remove a Fed Chairman. The same way they can’t select one.
            The Fed is far above and beyond any law and accountability to any Government.

          • paul ...

            You know … Powell has a big problem … how can he lower rates and print more QE money out of thin air when Trump is increasing consumer prices with all his tariffs?? … with the rising cost of food and manufactured products creating “inflation” the only way Powell can justifiably lower rates and print more money in such an environment is by “putting more chains” on the CPI … and sure enough … the Labor Department said on Tuesday its consumer price index increased by only 0.003 last month!! … I would laugh if this was funny!!! … but even chaining the CPI will not be enough to do the massive printing of money the Fed knows needs to be done … so the Fed has to do (in order to drive down inflationary expectations while it prints money) … is to create “a 1929 type” stock market crash “this October” that drives the Dow down by 90%!! … then the Fed can print more money (to save the banks) … but this will drive the prices of gold and silver higher (but the banks were smart and have bought tons of gold … with Chase concentrating on silver … as we should do)!!

    • Jerry Horvath

      A few weeks ago, June 2019, I was walking through the International District of Seattle, WA. Posted were notices recruiting people to participate in mass protest demonstrations. The location of the demonstrations was to be Hong Kong. I thought, “How very odd….”

  2. Anthony Australia

    Greg I find it impossible to comprehend that the people with wealth are swayed into an investment decision based on one ‘tweet’.
    Suddenly if by magic the stock markets rise across the globe, almost simultaneously, when one of these ‘tweets’ is posted.

    • K.Wayne

      In light of today’s wipeout on Wall Street…….

      K. Wayne 08/12/2019 •
      ……Additionally if you consider the structure and duration of the entire Bond Yield Curve in Europe (Germany as an example), then 30 years of negative rates is not impossible….it is REAL. Guaranteed losses on maturity. That’s what Investors pay for!!!
      Some further consideration of what will likely transpire here in America is that once the FED begins its new round of QE…..interest rates will be pushed even lower. In fact the whole yield curve is going lower and has been since mid-2018. That indicates high degrees of FEAR and UNCERTAINTY amongst investors (Hedge Funds/ Pension Funds alike). This is a global phenomenon with every major country and region following the same path. What you see in the Bond market is a gauge on the future of the Global Economy. Zero or negative rates are the premiums that are paid for CAPITAL protection. Heightened levels of volatility with increased risks of a market disruption or contagion are clear and present. These are dangerous times. INDEED !!!

      • K.Wayne

        Are we there yet ?

        K. Wayne 08/08/2019 •
        In regard to the Stock Market…A broad topping pattern is what is evident. Signs of imminent downside/correction. From my observations this sideways chop is symptomatic of exhaustion. Combined with lower levels of liquidity, we could very well encounter a flash crash in the not too distant future. Your expanding wedge theory is based on continued money supply growth via debt creation. The party has clearly stopped in that part of town. Re-visit your charts and apply different TA tools. You may want to overlay the current period since Sept 18 with that of 2007 and the time thereafter. The bigger issue to keep in mind is the Trade War with China. Already the flow on effects are being seen in the TECHs (FANGAN) stocks. The cracks are very evident.

  3. Mark

    Excellent interview Greg. Only thing different regarding ESF as pointed out by Rob Kirby is that the 21 trillion missing $ as discovered by Catherine Fitts and Dr. Skidmore has been hidden there and has been and is being used to manipulate all markets.

  4. (Rev) Andrew de Berry

    ‘Thank you and thank God for USA Watchdog’ – Michael Pento’s closing comment: YES

  5. JC

    Compliments to Mr. Pento, excellent analysis. Thank you Greg, you’re doing a great job of preparing your followers for a grim future.

    Next stop World War III and nuclear war?

    “The Shit Show and the endless television and Social Media political blathering are meant for one purpose, to obscure the Empire’s next goals, a war with China and Iran. President Donald J. Trump is popping smoke, because he knows that if the American people ever found out that the next stop is World War III and nuclear war, he would be dragged out of office. According to Nostradamus, this is what happens.”

    https://theageofdesolation.com/nostradamus/index.php/2019/08/03/anons-and-q-fans-i-told-you-so/

    • Montana Guy

      (This is Greg Hunter. Post a real verifiable name to prove you are not a paid troll. I am deleting all your comments because I think you fit the troll profile. Your name, your email and website are all fake and that means you are a fake too.)

      • Montana Guy

        Greg, what did you not understand about Check no. 1611? You will be receiving it shortly. Then we’ll see if you are a man of your word. You already have my email. If you bothered to look and you would have known that you cashed 8 checks from me going back to June 2, 2015. Do you want those check numbers?

        In 6 years not one person has proved my statement wrong. What do you fear about the truth? You and others can mock me all you want. I have been fighting publicly for constitutional government for almost 5 decades. I paid a steep price, but my skin is thicker than leather.
        Christ is the source of all truth. And the truth will set you free. FEAR NOT.

        • Greg Hunter

          “Guy,”
          You should have said this before. Thank you.
          Greg

    • regaleagle

      If God Almighty grants his people 2nd chances and reprieves due to their repentence and turning away from evil, then I would highly question the validity of any quatrains from Nostradamus made several hundred years ago……just sayin’. Let just say I will not be staking my future on the writings of Nostradamus or any other man, but solely on the Word of God.

  6. Jack Hayman

    16.26 Mr Pento ” The banishment of cash”
    then
    “Ordo Ab Chao”

    • paul jr.

      I did not here Michael Pinto say anything about the “banishment of cash” at the 16:26 mark. He said negative interest rates which is not the same thing.

      • jack Hayman

        maybe you need to go back and have another listen again Paul. 16.25-26

        • paul jr.

          Thanks.

      • paul ...

        Stock investors better wake up and get over thinking about their stocks “as cash” … stocks “are not money” … they are paper certificates printed up by corporations and sold to you “for Fed money” that you will likely never see again … but the Fed money you gave to the corporations for their certificates “does not disappear” (it remains in the system) … so when stocks go down “Fed money is not contracting or being destroyed” … only the “imagined ability” for you to get some Fed paper back has been destroyed … so when the stock market crashes by 90% this fall … the Fed’s money supply remains unaffected and will be at same level or a higher level (depending on QE) … so gold and silver will not go down because of a stock market crash … a stock market crash “does not destroy one penny of the money the Fed has created and put into circulation”!! … many so called experts can figure this out because they don’t use the brains God gave them … and they believe a stock and bond market crash is “deflationary” … when in reality the M1 money supply has not changed at all!!

        • paul ...

          The Fed is making a big mistake by trying to get rid of cash … say the Fed’s collects all the physical paper cash they created and they burn it … leaving “zero M1 money in circulation” … we will then obviously need to value gold “by some other means” … if it is by the amount of electronic digital money the banksters can create in their computers … the gold price could be infinite … not something the banksters would like!!

        • William Stanley

          paul …,
          M1 includes checking deposits. When the stock (and /or the debt) market crashes, a lot of defaults on loans will ensue and banks will have to write off those loans as assets and — because of the accompanying financial panic — banks will be unable and/or unwilling to make very many, if any, new loans. As a result of all that, checking deposits (and M1) will tend to FALL (as will, IMO, the velocity of money), and that will put downward pressure on all prices (including PMs) . . . UNLESS the Fed (or some other entity) creates SUFFICIENT new money to counterbalance these effects (which I would expect to happen eventually).
          No matter how that new money is created and no matter its form, as long as it circulates within the economy it will affect the price of gold along with the price of everything else. However, given the financial panic, economic uncertainty, and/or the general price deflation (or inflation, if enough new money is created), prime stores of value, like PMs, will see their prices fall less than the average good or service or, rise disproportionately.
          You seem to be saying that the quantity of money cannot fall under any conceivable circumstance. If so, I disagree.

          • William Stanley

            I should add that price of PMs could rise even if the M1 money supply falls. That is, the downward pressure on the prices of everything, including PMs, may well be insufficient to overcome the attempt of people to preserve wealth by buying PMs.

            • William Stanley

              PS,
              The attempt to preserve wealth in the face of economic catastrophe is why I think the prices of PMs will, indeed, rise dramatically . . . no matter what the Fed does regarding QE.
              However, without prepping in all of its dimensions, having PMs may well be terribly insufficient.

    • OutLookingIn

      Jack H.

      “Ordo Ab Chao”.
      The masonic motto: “Order out of chaos”.
      So are you a free mason?

      • Jack Hayman

        my king is not a mason, but the (temp) masters are, look around you.
        anyway, peace be with you, and thanks for all you do Mr Hunter

    • K.Wayne

      That’s exactly where we are headed and I’ve been saying (and posting ) that for some time now.

  7. Da Yooper

    Lets face it

    the central bank cannot “normalize rates” because they have rigged & suppressed & manipulated the stock & bond market for so long & to such a criminal extent the economy that made the markets no longer exists in real terms to grow us out of this mess that the corrupt fed has made. If there was the rule of law in the USA every banker involved & every politician involved in this mess would be tried for high treason. Convicted & jailed or hung.

    Folks better be prepared cause this is not going to be pretty when it all goes TU.

  8. John

    Greg, appreciate your reporting and interviews. Michael is one of my favorites. Favorite book and would recommend it highly for your viewers. Thanks

  9. Russ

    Thanks Greg, Michael Pento tells it like it is and states the facts clearly. Maybe now CNBC will ask him to come back …
    “Key yield curve inverts as 10-year tops 2-year yield”
    https://www.cnbc.com/2019/08/13/us-bonds-yield-curve-at-flattest-level-since-2007-amid-risk-off-sentiment.html
    Quote
    * The yield on the benchmark 10-year Treasury note was at 1.623%, below the 2-year yield at 1.634%.
    * The last inversion of this part of the yield curve was in December 2005, two years before a recession brought on by the financial crisis hit.
    * A recession occurs, on average, 22 months following such an inversion, according to Credit Suisse.
    Unquote

    • K.Wayne

      Nothing to see here…move right along.

  10. Frank D2

    Hey Stan,
    How is your shorting of Gold working out for you? Its up another $100/oz (!!) from last week when you were, again, warning all of us. You brag about shorting Gold and putting your money into the failing Deutsche Bank. You are a genius…not!! LMAO.

    • Stan

      I think you were one of those laughing at me a few years ago when I shorted Gold at $1874. I shorted more gold today. Keep laughing 🙂

      • Greg Hunter

        Stan,
        My records show you never commented on USAW when gold was $1,874. This is a fact. You never said that here.
        Greg

        • Stan

          It was on a different forum. Many people here post on the other forum.

          • Greg Hunter

            Stan,
            I call BS on that crap!!!
            Greg

      • Frederick

        Stan More nonsense from Stan the man Not unexpected He’s grasping at straws as his BS is exposed

  11. The Zionist 2A American Patriot

    Wow, Dow down over 400 at open – and falling. Looks like the 2-10 bond yield curve inversion really is a thing. The 10-yr yield looks like it’s headed below 1.6%.
    Maybe it’s gold/silver’s turn. They’re both up big this morning and oil’s falling too.
    Too much bad news.

  12. Mike

    What happens if the Fed interest rate drops to zero and stays there? That would effectively eliminate the Fed and give the US Treasury total control. A debt reset can then be implemented independent of criminal banks and their Satanic puppet masters.

    • K.Wayne

      I think you are onto something there Mike. 😉

      • AL HALL

        I have a retired CIA high ranking friend( Greg knows of him) and he told me years ago- and If memory server me correctly- Congress in 1998 met behind closed doors and they were told the plan was the USA would default on all the us debt. And this is why Congress just keeps spending – the debt no matter how big the amount will be defaulted on.
        He told me years ago- buy gold and silver and hold on to it. gold is the only money the elites believe in- it’s their money.

        • K. Wayne

          Whether that is done overtly or covertly is semantics. Its in the cards for sure. Implying our standard of living will resemble a scene from an Armageddon style movie like World War Z. Our Dollar will be toast and the Elites will have WON again. We remain Slaves for all eternity.

    • William Stanley

      Mike,
      I don’t get your reasoning. Please explain.

    • Diane

      Good point, Mike

    • dadiz

      That would allow Mr. Trump to oversee the reset. Possibly his rationale for demanding stronger rate cuts?

  13. Russ

    On another note, the national debt and our collective inability to control borrowing & spending money that the next few generations will need to repay (or not) is only one symptom of our national fall from grace.

    Charles Hugh Smith: Who Protected Epstein for Decades, and Why?
    http://charleshughsmith.blogspot.com/2019/08/who-protected-epstein-for-decades-and.html
    Quote
    … Lolita island (a.k.a. Orgy Island) was not spycraft; it was a privately operated wholesale exploitation of underage girls for the gratification of the Western world’s male elites. That some enterprising agency recruited (or blackmailed) Jeffrey Epstein was predictable, as the treasure trove of compromising videos could yield all sorts of useful leverage on highly placed individuals.
    Many of us sense an existential crisis is close at hand, and the U.S. is ill-prepared for such a crisis. Possibilities broached by others include a global war, a break-up of the U.S. into regional states, or a civil war of some sort.
    My bet is on a moral and financial crisis in which the ruling elites and the federal state lose their legitimacy, i.e. the consent of the governed. …
    Unquote

  14. andyb

    It’s amazing to me how long the Ponzi has lasted. The money printing and the PPT daily “saves” are breathtaking both in scope and hubris. How long will the rest of the world put up with the US and its reserve currency? Oh, I forgot; the rest of the world is in deep doo-doo as well. Pento says it ends in disastrous hyperinflation. Perhaps. More likely TPTB need a distraction such as war or other form of societal upheaval.

    Be aware, be prepared; have situational analysis at all times.

  15. paul ...

    For those Americans who never bought gold or silver (and previously chose a chocolate bar over a silver coin) the video below could be useful … seeing as how 73 countries in the world are now driving precious metal prices to new all time highs … https://www.youtube.com/watch?v=jBVTjToFpDY&feature=youtu.be

    • paul ...

      Instead of a bar of chocolate … try buying a piece of “immortal immutable” gold … and feel “right in your own hands” one of the precious characteristics God possesses!!

    • tim mcgraw

      Yes, andyb, we are headed for war; well, more wars. When was the last time the USA was at peace? When was the last time the USA government was at peace with the world and its own citizens? I can’t remember. Can you?
      Inflation is eating us alive here in Sonoma County, California. The CVS pharmacy has the Nexium and men’s razor’s under lock and key. The hardware store has only one closely watched entrance and exit. Every Saturday there is an open flea market down in Santa Rosa at the Veterans Memorial Building parking lot. Folks are hurting.

  16. paul ...

    You know … this situation in Hong Kong is making me rethink my expectations for a small correction in gold once it closes the gap at $1550 … this is especially concerning as I have told Stan he may want to short gold at the $1550 level … but now with troops massing right outside Hong Kong … a major conflagration in one of the worlds largest financial capitals … could create the sort of panic that drives HK business men “to run for safety” into gold, dollars, treasuries, crypto, etc. … so irrespective of technical indicators on the gold charts … if real panic buying of gold by Hong Kong Chinese businessmen unfolds (as Red Chinese troops march into the city and begin “shooting up the place”) … it could drive the US gold price to over $2000 “in a month” (thus having the US join the other 73 nations in the world that have pushed gold to new all time highs)!! … https://www.kitco.com/charts/popup/au24hr3day.html

    • paul ...

      Look at how silver has just broken up out of its third flag … we are going to see $18 silver in a matter of days!! … https://gracelandupdates.com/wordpress/wp-content/uploads/2019/08/2019aug13silver1.png

      • paul ...

        With regard to the Chinese buying crypto instead of gold … Chinese businessmen “may” have to pay taxes on their gains if the “Red commies” go after them the same way the IRS is in the US … but Chinese people could simply buy gold with HK cash and then sell the gold for US dollar cash (which should not be a taxable event as it is like someone with a Canadian dollar turning it in to the bank for a US dollar)!! … https://www.zerohedge.com/news/2019-08-14/cryptos-just-collapsed-irs-deadline-looms

      • paul ...

        And seasonally gold usually gives us “a wild ride to the upside” in September … http://www.321gold.com/charts/seasonal_gold.html

        • paul ...

          Silvers 15 year seasonal chart shows September and November are very strong months for silver!! … http://www.321gold.com/charts/seasonal_silver.html

        • AL HALL

          Gerald Celente forecasts that when gold solidly pushes past the $1,500 – $1,550 range( where it is now), its spike potential toward and above $2,000 per ounce level will be greatly accelerated.

          As for the onset of the Greatest Depression, Celente expresses grave concerns. “The world will witness the worst economic downturn in modern history,” he warns.

          “I urge people to prepare now so they may create opportunities to prevail and prosper during this unprecedented economic meltdown. Those who fail to do so, big and small, rich and middle class, will lose their businesses, their jobs, their homes… and even their lives, as the Greatest Depression sinks them into deep depression.

    • Stan

      Odds are very high that Gold has a Blow-off top the past few days. Now is the time to short

      • K. Wayne

        Can’t see that happening in this climate.
        CB’s are on the NOSE of every investor for creating false markets and creating the Depression we are in. They have royally screwed us all and made themselves and their member banks even richer in the process.
        Billionaires/Generational Wealth/Smart Money worldwide are awake to the FACT that there is really only 1 place of refuge in the Carnage ahead = GOLD.
        No time to go in retreat…its full steam ahead.
        Watch what happens in the next 2 weeks as more rhetoric comes from Powell and what will transpire with Interest Rates….(HINT Look at the TNX in relation to the 2 YR). Globally, the US is the last one to catch a cold. We are witnessing the Elite at play here again. Every Investor is being sucked into the perceived safety net of UST (because of yield). That’s causing temporary strength in the USD which is harming our economy. That’ll all be resolved by end of this month and then the party really gets stirred mid-Sept.

      • Frederick

        Stan the broken record chimes in again to bash gold I hope they pay you well to sell your soul and try to misguide people there Stan Not very nice

  17. iwitness02

    We better do our Christmas shopping early this year.
    Christmas 2019 may be our last chance to have a Merry Christmas.
    Grim, and Grimmer. We better make the most of the next nine months.
    Golly gee whizz Wally, why are mom and dad so grouchy?
    Well Beave, my guess is, that it is the world we live in.
    (a bankers world)

    • JC

      iwitness02, thank you for making reference to my favorite 1950’s TV show, “Leave It To Beaver.”

  18. paul ...

    You know … we have Trump explicitly stating he wants a lower dollar … we have China threatening large-scale selling of their massive Treasury Bill holdings (which would trigger a dollar crash) … and yet with the two largest nations in the world indicating what they want to drive the US dollar down … we have little Stan fighting these giant windmills (and shorting gold like Don Quixote)!!! … https://www.zerohedge.com/news/2019-08-14/china-prepares-its-nuclear-option-trade-war

    • paul jr.

      China actually has very little in Treasury bills. You must mean longer-term Treasuries such as notes and bonds.

      • paul ...

        Yes! … thanks p jr!!

        • paul ...

          By the way … you shouldn’t be so quick to trash an idea that is gaining wide acceptance … https://gsiexchange.com/states-gold-silver-become-legal-tender/ … a very encouraging victory for sound money took place in West Virginia on July 1, 2019 … where they have now announced plans “to remove taxation on precious metals” … crypto addicts need to understand what this means … when gold goes from $1525 to $20,000 dollars per ounce (no income tax will be due) … however the IRS is gearing up to grab a big piece of the gains in Bitcoin!!

          • paul jr.

            What makes you think I am trashing the idea of gold and silver becoming legal tender? Just because I point out facts so people like you do not get way ahead of themselves.

          • paul jr.

            Paul,

            Also the idea is not really gaining wide acceptance. That link wrongly says, “Below is a list of US states that accept Gold and Silver as legal tender.

            The fact is no state has actually declared all gold and silver to be legal tender. The examples given are mostly failed attempts by some to declare gold and silver to be legal tender (mainly U.S. minted coins, not all gold and silver) or to make gold and silver exempt from sales tax.

  19. Rock

    Can someone tell us what the price of gold is in other countries, and convert it to U.S. dollars so we can make sense of where the precious metals are right now?

    • OutLookingIn

      Rock –

      Simply go to goldprice.org
      Scroll down to a table containing 9 currencies. Prices in US $
      note: Gold has made new record highs in 72 currencies!

    • paul ...

      Rock … the price of gold in US dollars is exactly where all the other countries currencies have gold priced at!! … you just have to look at this chart … https://www.kitco.com/charts/popup/au24hr3day.html

    • William Stanley

      Rock,
      Just look up the price in US dollars; the conversion is already reflected in the quoted US $ price. Part of the reason the price of gold in dollars is fluctuating is because the exchange rates between the US dollar and other currencies are fluctuating.

  20. JC

    Richard Russell died in 2015. One of his last warnings to his subscribers is mentioned at the King World News site in 2018.

    “The end of capitalism will be due to the unbelievable amount of debt that is currently being created. This will create monster inflation that will destroy every currency. The only currency that cannot be destroyed is gold. When investors realize this, we’ll have the makings of the greatest bull market in gold ever seen.”

    https://kingworldnews.com/one-of-richard-russells-last-and-most-jaw-dropping-predictions-is-now-unfolding/

    • paul ...

      JC … Richard Russell’s prophetic words is the reason why the banksters will be forced to to do a debt jubilee!!

      • paul ...

        Just as an experiment I went to the National Debt Clock … https://www.usdebtclock.org/ … and put a stop watch on the increasing National Debt and compared it to the increasing Dollar Supply Added … and found that debt is currently increasing by 14 times the increase in the dollar supply … the Fed must do QE right away to bring things back into balance (by creating 14 times more dollars) … otherwise there is no way there will ever be enough dollars to pay off the debt!! … let’s say the Fed did create 14 times more dollars … then gold and silver (and everything else) would be 14 times more expensive! … 14 x $1500 = $21,000 gold … 14 x $17 = $238 silver (and this is just to get the dollar supply increase equal to the debt creation increase)!!!

        • paul ...

          You know … to save this crazy debt system the banksters have created … the chains have to be taken off the CPI … and every ones Social Security checks, weekly salary, etc. must be increased by 14 times … this means the $15 dollar minimum wage should rise to $210 dollars per hour (really not too bad as it is less then half what lawyers currently make) … and the $25,000 dollar yearly guaranteed income the Demon-rats are currently talking about should be 14 times higher … Modern Monetary Theory is only way to save this crazy debt system our banksters have created (we must make the amount of dollars sufficient to pay back all the outstanding debt plus interest)!!

          • David

            Sure paul….and welcome to Zimbabwe and the Weimar Republic. Either you are 1) being sarcastic or 2) amazingly ignorant about how the economy works. How would implementing MMT prevent hyperinflation? And please, give me some very specific thoughts on this. You will say something like “deficits don’t matter” which is true right up until the moment they do and then the whole thing collapses like a cheap tent.

            You said “Modern Monetary Theory is only way to save this crazy debt system our banksters have created ” which tells me you don’t know how money is created. Every dollar in your pocket is a debt instrument. Has been since 1913. Therefore, and this is pretty basic stuff, you cannot pay down the debt without extinguishing the money supply. Sure, the treasury department can simply turn on the presses and print currency I suppose but what good what that do? In fairly short order inflation would be like a runaway train.

            You said a lot of nonsense so please enlighten us with some specifics grounded in common sense.

    • K.Wayne

      All in !!!

  21. paul ...

    You know … I’ve been thinking about what Chase recently did in Canada closing down its credit card operations … it may actually be “a trial experiment” … to see what happens “if debt is forgiven” … the banksters likely want to see if by forgiving debt … it makes consumers go out and spend money again … therefore they are probably watching the Canadian economy very closely … to see if it goes into “a greater growth mode” … so … what we Americans should do … is begin buying “as many Canadian products as we possibly can” (to skew the economic results sufficiently) so that Chase (and other banks in the US) then decide to close down their credit card operations in the US … and finally give us US consumers “a debt jubilee” (it is only fair … as we American were the ones who helped save the banksters … therefore “we” should be the ones rewarded)!! … … https://www.foxnews.com/world/chase-bank-erases-all-credit-card-debt-for-canadian-customers

    • paul ...

      I’m doing my part (by buying many “Canadian Maple Leafs”) … to help Canadian refinery’s put more people to work “doing overtime’ … thus taking home bigger pay check to spend into the Canadian economy!!

      • paul ...

        Some don’t have any “free cash” to buy Canadian Maple Leafs to help the Canadian economy … so they may want to help the Canadian economy by “taking a risk” and purchasing a few silver maple leaf coins on their Chase Credit Card … now if Chase closes down their credit card operations in the US you get all your silver “for free” … if they don’t shut down operations … you will have to subtract 18 dollars (plus interest) off the $1500 dollar price silver eventually goes to!!

  22. Steve Bice

    DB closing in on Nenner’s nasty number. $6.40, if I recall correctly…
    Market Summary > Deutsche Bank AG
    FollowFollowing
    NYSE: DB
    6.78 USD −0.43 (5.96%)
    Aug 14, 1:38 PM EDT · Disclaimer

    • Frederick

      Down 6.38% now Steve

      • Steve Bice

        Yep. Still falling…

        Market Summary > Deutsche Bank AG
        FollowFollowing
        NYSE: DB
        6.46 USD −0.23 (3.44%)
        Aug 15, 1:56 PM EDT · Disclaimer

    • AL HALL

      now below Charles Nenner’s price-
      Market Summary > Deutsche Bank AG
      NYSE: DB
      6.56 USD −0.14 (2.16%)
      Aug 15, 10:20 AM EDT ·

  23. Derik Howard

    Michael Pento is truly a genius at analysis and so pleasant.
    Thanks a lot Greg.

  24. Frederick

    Hey Stan DB is down 6% and gold is up 1 and a half percent at 1520 You in deep doo doo boy

    • JC

      Does anyone really believe Stan does what he says? Or is he just playing us? All talk, no action?

    • paul ...

      Frederick … Stan says buying DB at $7 is worth the risk because “$20 is in the bag” … but that silver is to dangerous at $18 (when according to me $1500 is in the bag and according to the US Debt Clock $725 is in the bag)!!

    • Stan

      I trade for the long term – not day to day moves

      • Greg Hunter

        Stan,
        DB $6.69 Run Stan Run.
        Greg

        • Stan

          Bought more DB today

          • Greg Hunter

            Stan,
            Ouch!!
            Greg

      • Anthony Australia

        Then you should see that DB is on a road to nowhere.
        https://www.youtube.com/watch?v=LQiOA7euaYA

      • Frederick

        Just checked DB premarket quote 6.66 Stanley They are playing your handlers song bubba

      • Galaxy 500

        Who and what are you really?
        Is this Satire? Or are you just Shiite posting?
        That is just what the idiots said in 1929. And few lived to break even as many of the companies that actually survived did reach a break even point for over 2 decades.
        Personally I think you are some incel in Momma’s basement on Soro’s payroll

  25. OutLookingIn

    Deflation vs Inflation

    Both are consequences of an economic policies initiative.
    However, hyperinflation is purely a currency event, when ALL confidence is lost in the currency involved. Ludwig von Mises said it best many years ago:
    There must be “a voluntary abandonment of further credit expansion”, or face “a final and total catastrophe of the currency system involved”.
    He also said:
    “Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in it’s capacity as central board of production management”.

    His warnings have gone unheeded. Total catastrophic ending, is the end game.

    • Galaxy 500

      In very general terms, Inflation is too much money chasing goods. Deflation is too little money.

  26. Thomas Craven

    Good afternoon Greg – so far I can double click on https://www.usawatchdog.com on the Tor browser & I will be ok

  27. JC

    Question: Does Epstein’s death set a slow rolling economic collapse in motion? Let’s check out the new update at The Age of Desolation site for more info…

    “I made the following observation in my Update the morning after the world was informed that Jeffrey Epstein had died in his jail cell.”

    “I think the art and use of Plausible Deniability has run its course. In conjunction with a slow rolling economic collapse, the torches and pitchforks will begin to come out over Epstein’s alleged suicide.”

    https://theageofdesolation.com/nostradamus/index.php/2019/08/14/welcome-to-the-new-feudalism/

  28. paul ...

    Epstein was just like a bankster … totally comfortable in his own skin … but in reality a crazy wacko … ruining the lives of countless numbers of people!! … may he prepare a “hot” place in Hell for the banksters that will surely follow him there and take photos for all of us to see!! … https://www.zerohedge.com/news/2019-08-14/epstein-tapes-emerge-jeffrey-epstein-describes-his-lifestyle-unearthed-recordings

  29. Merry Piper

    Greg: Thank you for yet another eye opening interview. USAWatchdog is my number one source for the truth. And yes, I agree with Michael Pento, God Bless this channel.

  30. Bill B

    GREG; Oh my God. How did we allow ourselves to get to where we are
    We have really been asleep at the switch.
    Consider the millions upon millions of mens lives in war that have been sacrificed to protect our way of life in America.
    It is all about to go down the drain because of mans greed and lust. GOD help us

  31. Justn Observer

    Greg, Timely and a great – fun – interview… get some rest Greg ya looked a bit tired in the eyes…

  32. Stan

    Gold choked multiple times at 1525. Turning point is in. Enjoy the ride down. I’ll see y’all at the Bentley dealer in a few weeks.

    • paul ...

      Stan … hope I didn’t encourage you by saying gold may react a bit after closing the gap at $1550 … but as you can see in my comments above “I’ve changed my mind” for both geo-political and seasonality reasons … now I believe gold has a very good shot at simply powering straight ahead up to $2000 plus!!

    • Frederick

      Yeah it “choked” multiple times at 1525 or was it “ choked” by one of you’re sponsors Stan

    • K. Wayne

      $1525….That’s called a resistance level and not unlike the $1360 … that was taken out 6 weeks ago.
      Are you trading in your Bentley Stan ?…… for something a bit more “less conspicuous”……?
      What are you doing with the Yacht …..and the Summer House in Monte Carlo?
      All going up in flames for you. Cant say that you weren’t warned. You’ve had numerous opportunity to get your house in order and yet you disregard everything said. Are you masochistic? You really need to seek medical assistance. Life is more precious than some DB Stock and holding Gold Shorts.

      • Stan

        I gave up arguing with you Doomsters. Just watch and learn. Gold will crash sooner than you think.

        • K. Wayne

          Leaving so early Stan…….why ? ……the party’s only just getting started.
          Stay a while.
          You shouldn’t give up.
          I’d like to help you ….
          ……come to terms with reality.

    • Jerry

      Greg,
      Thanks for bringing in this clown. My ribs are sore from laughing.
      Hey Stan. 6.5 buddy.
      https://www.marketwatch.com/investing/stock/db

    • Jerry

      Stan,
      Wake up! Deutsche Bank is being phased out. The BRICS Bank will
      be it’s replacement.
      https://www.euromoney.com/article/b1f7nn2qq5x3zt/is-it-time-for-asian-banks-to-go-global

      Your money? Gone like you in a few weeks.

      • Stan

        Jerry: I’m tired of arguing with Doomsters like you

        • Greg Hunter

          Stan,
          You told us all you were shorting gold in the $1,300’s and buying DB at $9.00. Gold is above $1,500 and DB just his fresh all-time lows. What crazy-time world do you live in. We are accurate and you have missed badly. We are “doomsters”??? You must be a “dumb-ster”??? “Run Stan Run” and get out before you are bankrupt.
          Greg

    • Galaxy 500

      Hahaha good one Stan.

    • AL HALL

      as I stated above Stan- Gold and silver is the only money of the elites. you’d better have some- they have been buying like crazy- they know what is coming. As Gerald says below.

      AL HALL
      08/15/2019 •

      Gerald Celente forecasts that when gold solidly pushes past the $1,500 – $1,550 range( where it is now), its spike potential toward and above $2,000 per ounce level will be greatly accelerated.

      As for the onset of the Greatest Depression, Celente expresses grave concerns. “The world will witness the worst economic downturn in modern history,” he warns.

      “I urge people to prepare now so they may create opportunities to prevail and prosper during this unprecedented economic meltdown. Those who fail to do so, big and small, rich and middle class, will lose their businesses, their jobs, their homes… and even their lives, as the Greatest Depression sinks them into deep depression.

    • Mike R

      Stan – Gold is easily going to around 1600, before a minor intermediate term correction around the FOMC meeting in mid september. We all know you are good at losing money, especially on DB, so nobody is going to listen to your highly uninformed take on gold.

      The Fed’s forthcoming 50 point basis cut will be in part to your DB cratering, and harming the world economy.

  33. Scott

    Whenever I feel discouraged about all that I see, or unsure about what will happen or what to do, on comes Mr. Pento. His knowledge and approachable personality go a long, long way toward restoring my confidence. He’s a great blessing to me.

    Thanks for the interview, Greg. Just couldn’t come at a better time, and I sure appreciate it.

  34. Micheal

    Every single word and thought in that write up has been repeated a thousand times over and over and over….just copy and paste Greg its not news anymore..

  35. Frederick

    630 AM New York time DB premarket price 6.50 a share Better sell now Stanley Gold up at 1520

  36. Galaxy 500

    Denmark has 20 yr mortgages for 0%
    German and EU bonds offer negative returns. That sure makes US T-Bills at around 1.9% look good.
    What isn’t talked about much is the taxpayer’s exposure to US bonds via Social Security and Medicare.
    I believe we are one the road to financial perdition.
    Just heard a guy on Barney say that Wal-Mart and Amazon were doing well because they were near 100% solar powered. What a ration of horse dodo.
    First, Solar is much higher than coal/Nat gas. Second, do these guys close as the sun goes down? Solar is just like compact florescent bulbs, it creates an ass load of toxic waste both in its manufacturing and it’s scrapping. But most of all CO2 isn’t a pollutant.

    • paul jr.

      Yes, Denmark may have 20 yr mortgages for 0% but that is not what you are getting it at. If you include the fees and charges it is more like 2-3%. The banks are still making money on the deal.

  37. Galaxy 500

    Nice report Greg. I think you should consider a subscription service. I would be a taker

  38. Galaxy 500

    History is clear. It is time to stand against the agents of Evil. Google is a High Principality of Evil. They are agents against America working both for India and China.

  39. Galaxy 500

    Hey Greg, I heard it was a buying opportunity from the talking heads on TV. Hey Stan, buy buy buy…

  40. Jan

    Hey Mr Hunter.
    My favorite new,s chanel .
    I got a litle concerned , in your view of the protetesters in Honk Kong.
    I really hope you know the orgin of the moment in HK , the involvment of diffrent country,s , agencies , .

    • Greg Hunter

      Jan,
      So, China should be allowed to club them and shoot them??
      Greg

  41. Russ F

    So, could this be the plan:

    Current:

    Debt being issue at a positive interest rate by the government
    Ever more debt on the way; growing quickly with interest expense.
    Current and future debt with positive interest rates cannot be serviced
    Individuals deeply in debt – with positive interest rates

    Future:

    Negative interest rates.
    Existing government debt will be bought back (with printed money), replaced by debt with negative interest rates.
    Cash will be eliminated; money will be with the banks, and the banks are paid via negative interest rates and fees (what option will we have?),
    Consumer debt will remain, again bank positive as that debt is with positive interest rates.
    Consumers cannot do what the government does – exchange interest bearing debt for negative interest debt (unless they have cash to do so – which most do NOT)
    If the consumer currently has no debt – they can then borrow money maybe at negative interest rates.

    Winners:

    Government
    Banks
    Corporations that can convert positive interest rate debt to negative interest rate debt.
    Gold, silver, any physical asset that is not held with debt.
    (why is China and Russia buying all of the gold that they can?
    A debt free consumer?

    Loser:

    We the people

    We the people must wake up and NOT allow this to happen.
    Unfortunately, 99% of we the people do not have a clue.
    Hopefully this plan fails
    If it doesn’t, we will al be captive financially (and otherwise) to the governments.
    Sad

  42. Gary

    The Economist:
    Rich countries must start planning for a cashless future
    https://www.economist.com/leaders/2019/08/01/rich-countries-must-start-planning-for-a-cashless-future

  43. paul ...

    Imagine hearing this from a JP Morgan Chase shill … “Gold is a stable source of value with thousands of years of trust among humans supporting it” … wonder if perhaps Chase with tons of silver has something to gain if precious metal prices rise?? … https://privatebank.jpmorgan.com/gl/en/insights/investing/is-the-dollar-s-exorbitant-privilege-coming-to-an-end

  44. Coalburner

    Dear Greg:
    Michael is explaining why China is taking Hong Kong, the real reason. They need all the wealth that Hong Kong has handed over to carry some Chinese banks. I said get your people out and wealth out of there three weeks ago if you have anything there. Now I say swim for it, steal a boat, anything, run! What does Trump think? This takes China down before they can take over the world. It slows the Elitist Globalists. It makes companies leave China. All this is good for us even for the companies do not come here. The leaving China is what is important to us, the USA. The more China falls the less our standard of living falls, same as stopping all the illegals who want to come will be on welfare. The reset of money and debt worldwide is actually the reset of living standards in every country. Thank God Trump says America First. So the naysayers back stabbing the President for not doing what he cannot do about Hong Kong can shut their lame minded traps. He is five steps ahead of these clowns. If you watch the silence of Nancy and even Chuckie, that also tells you it is true.

  45. Russ f

    I wish that I could say otherwise, but President Trump is not our savior. Better than the alternative, but the ending will be the same. Hope I am wrong. Tweeting is not the answer. Where is JFK when we need him? The world is going crazy.

    • Greg Hunter

      Yes Russ Tweeting IS the answer to a corrupt lying propaganda press. Please don’t give up here on USAW. We are going to fight.
      Greg

  46. H. Craig Bradley

    BLA, BLA, BLA.

    Presidents do NOT have the executive authority or power to replace a sitting FED chairman, not withstanding any declared “national emergencies”. President Trump must (patiently) wait until Jerome Powell’s term of office expires and then appoint a replacement FED chairman more to his liking. That would be in President Trump’s second term, should he win next Nov. Its not a given either.

    So, Trump has to work with who he currently has, like it or not. If interest rates don’t come down fast enough, then the risk of recession continues or even elevates. If we have another stock market crash of 8% or more, it will have much further to decline, say many traders. In that case, President Trump is probably out. His replacement: Old Joe Biden. That would be terrible, wouldn’t it ? ( Old Joe can not even remember his lines).

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