Market Pre-Crash, China Bumps US Debt, Biden Better than Hillary, Dems for Iran Deal

4By Greg Hunter’s USAWatchdog.com (WNW 205 8.28.15)

To say the stock market was on a roller-coaster ride this week is an understatement. Already, some are saying this action is just a blip. They say it’s a buying opportunity. They say it’s a correction and nothing more. My sources say none of that is true, that this is just the warm-up act of a much bigger downturn. Charles Nenner told me this is just the pre-crash. The big crash is coming. Gregory Mannarino of TradersChoice.net, who called the top in this market more than 2,000 points ago, says market crashes are not a one and done event but a process. He says the 2008 meltdown started in September and didn’t finish until March of 2009. It only ended with massive QE and money printing and suspension of accounting rules by FASB. Fast forward to today, and we have reports of China selling U.S. debt (Treasuries) because China’s markets are in turmoil. In simple terms, they need the cash to try to stabilize their markets. ZeroHedge.com is reporting that when China sells Treasuries, it is really QE or money printing in reverse. It is reported that if China sells enough Treasuries, it could spike interest rates. Funny, former Fed Head Alan Greenspan also recently warned that a bond bubble could explode and spike interest rates. What happens if every other country sells a chunk of the more than $16 trillion of liquid U.S. government debt all at the same time? This is the scenario economist John Williams has been warning against and will be here for an update next week.

Hillary Clinton now says she “made a bad choice” for having her own private server doing government email at the State Department. That is an interesting description, “made a bad choice.” I guess you can say fraudster Bernie Madoff “made a bad choice.” I guess you could say David Petraeus, former head of the CIA, “made a bad choice.” He pled guilty to a felony charge on how he mishandled documents. He did not put national security at risk. It is alleged that Clinton broke the law and jeopardized national security by her use of a private server. This server was magically wiped clean before it was taken by the FBI. This story is far from over, which is why you are hearing loud rumblings of Vice President Joe Biden getting into the race. You think he has some inside view of how much trouble Hillary is in after decades in Washington? In a new national poll, Biden does better than Hillary in a national election against Republicans. Do you really think the Democrats are going to take a big chance on Hillary? I still think she will not be President, and she may be out of the race before the first Democratic debate next year.

The White House is pushing hard for votes in the Iran Nuke deal. Obama is picking up Senate votes from Democrats, even though the deal allows Iran to inspect its own military facilities. The deal is a sham, but that hasn’t stopped 28 Democratic Senators who have come out in favor of the deal. Obama needs 34 yes votes from Democrats in the Senate, and it is still too close to call if Congress will be able to override a Presidential veto. Meanwhile, it is reported that Iran will continue to support Hamas, which is intent on destroying Israel just like Iran. This deal will give the Iranians $150 billion, and all restrictions will basically be finished. This so-called deal is not going to usher in a new more peaceful Middle East but bring it to war. By the way, new reports say Pakistan is on its way to being the third largest nuclear arsenal within 10 years but already has many nukes, and Saudi Arabia has said many times it wants nuclear weapons and is very friendly with Pakistan.

Finally, former adviser to UK Prime Minister Gordon Brown is telling his fellow countrymen to “stock up on tinned goods and bottled water.”  Also, Damian McBride says get “hard cash in a safe place” because you won’t be able to count on the banks being open. This was reported this week in the Independent, a large UK news outlet. It sounds to me that the top insider knows full well time is short, and some of them have a conscience. I hope people will take note no matter where you are in the world. What is coming will be a global phenomenon.

Join Greg Hunter as he looks at these stories and more in the Weekly News Wrap-Up.

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Comments
  1. Bernmeister

    Thank God that there are still reliable sources for truth on the web and Watchdog is always my first stop. I pray that you continue to be blessed, Greg, for the fields are ripe but the laborers are few. The Holy Word of God says that there will be a time when “they will throw their gold and silver in the streets.” The ONLY safe passage through the days that lie before us is to abide within the shadow of the wings of the Almighty God. Thanks again, Sir for your wonderful work, as well as the work of your many contributors. May the Lord grant us to not allow our love to grow cold during the trial of our faith and patience. Blessed are they that have eyes to see and ears to hear.

    • Thomas

      The only truth is that all of Gregs guest have opinions, and 99% of them haven’t been correct. Sure Mannarino said the market has topped, until the next high is reached. Greg makes people think outside the little box with the MSM talking heads, and I’m greatful. All we know is that change is coming, adjust accordingly.

    • Don

      I enjoy Greg’s input and most of his quest, But you are absolutely right. We may not have the economic intelligence of many of Greg’s quest, but to know and love Christ, regardless of what the NWO and our government is doing, is the only safe place. We are starring at the end times, and as things fall apart in this world, the comfort of knowing God through his son, is worth more than anything in the world. Thanks for your commit. Thanks again Greg for the stellar commentary.

  2. Paul from CA

    Great wrap up, as usual.

    Mannarino does indeed rely on technical analysis. The truth is most institutional investors and real Wall Street professionals know that technical trading is absolutely hogwash. A quick internet search will confirm this.

    As for the current predictions of a crash, I would rely on Yale’s Schiller. He is dull but reliable and unbiased; and he will only make a prediction if there are facts to back it up. Some of the wacka-doodles appearing on Mondays and Wednesdays are entertaining but are most concerned about their next commission, subscriber, client or book sale.

    I am no fan of Keynes, but this variation of a quote attributed to him should be appended to your market crash predictions since 2009: “The stock market can remain irrational longer than you can stay solvent.”

    • WD

      GM is right, a lot, so what differences does it make?

  3. JMiller

    From the ZeroHedge article it is not specifically Treasuries but FX reserves that has had a big decline. Treasuries are a part of that. So I think it is wrong to assume all of the decline in FX reserves is all Treasuries. In fact it is almost certain not to be only Treasuries but other assets as well.

    http://www.zerohedge.com/news/2015-08-25/devaluation-stunner-china-has-dumped-100-billion-treasurys-past-two-weeks

  4. Steve Laurence

    Hi Greg,

    You are providing an invaluable service. The truth always hurts but this time the pain barometer may explode.

    Hey, I’m going to donate a small sum, just to here you role something out about New Zealand. Like what John Key (NZ prime minister) and Brack Obama talk about when playing golf. May be its about the TPP, Cashless economy and/or remaining control of the monetary system, or even about what assets those in the know can buy in NZ when the shit hits the fan (sorry I’m a cow cocky/dairy farmer). Thanks SL

    • Z'Big

      Well Steven you are a bold rascal aren’t you? Such impudence must support a mighty appetite.

      John: So what about our young New Zealand Cockerel, cow cocky/dairy farmer).
      John: What’s the matter? Have you no stomach for honest meat?

      Steven: For honest meat, yes. But I’ve no stomach for traitors.

      John: You call me traitor?

      Steven: You? Yes and every man here who offers you allegiance..What else do you call a man who takes advantage of the King’s misfortune to seize his power?

      Steven: And now, with the help of this sweet band of cut-throats
      you’ll try to grind a Ransom for him out of every helpless New Zealander.
      A ransom that will be used, not to release Richard… but to buy your way to the throne.

      John’s lackey: Let me ram those words down his throat, Your Highness!!
      John: Oh no, later… let him spout for the moment
      John: And…… what do you propose to do?

      Steven: I’ll organise revolt. Exact a lie for the truth and i’ll never rest until every New Zealander in this Shire can stand up, Free men and strike a blow for Richard in the English speaking world.

      John: Have you finished??

      Steven: I’m only just beginning. From this night on I use every means in my power to fight you with the truth from USAWatchdog!!!

      https://www.youtube.com/watch?v=nuXcMzs8PQY

  5. Apollo

    Greg, this article http://redefininggod.com/george-soros-and-the-china-fronted-nwo/
    makes a lot of sense in my view by clearing the mist and focusing on the big picture which surrounds the present global economic and geopolitical situation. Basically it’s says that all the powerful G20 nations are all in bed with each other. Cheers

    • Jerry

      As I suspected Apollo. It all happens before the G20 meeting in November.

    • Jerry

      Apollo.
      Here is the other dot to connect to your post. It is happening now. Note the title of the document “Post Crisis Agenda Moving Forward” that was sent to the G20 in preparation for their November meeting.
      http://wallstreetonparade.com/wp-content/uploads/2015/03/FSB-Chair-letter-to-G20-February-2015.pdf

      The Financial Security Board is the errand boy for the Central Banks and the NWO under the G20. Its pretty telling that you would tittle a future agenda by using the word “Post”. Pretty much says it all.

      • paul

        Good catch Jerry … so the crisis “will occur” before the G20 meeting in November!

    • The Skeptic

      I don’t like the redefininggod site. It feels weird in a strange way. He makes it sound like we’re getting all the straight caca, but in the end I always feel more hopeless and disempowered. Other sites don’t do that. This site doesn’t. Nor does even the infamous Jim Willie.

  6. andrrew

    thank you so much Greg for all your help.Im confused about the china thing. Do you think the dumping of Fed. paper and decreasing their yuan is simply so that their yuan will be closer in #s to the float of paper they hold with Gold and hard assets? In the old days in the US even during the depression He who had dollars was ok. Most didn’t have however. Now there is tons of US paper but no value! It seems to me a simpleton that if I decrease my float of paper and back it with “hard something” I will be ok. Me being china? Is this sound thinking? Thank you AP

    • paul

      Andrrew … if the Fed is forced to “print” to cover deficit spending for military and domestic needs because China (and others) are not going to be buying our Treasuries … then what we have is massive monetization or QE4 … which will lead to hyperinflation as existing “paper currency” becomes ever more diluted and worthless … so don’t expect this market crash predicted by Mannarino to last too long … for once a hyperinflation “mind set” becomes the common talk on Wall Street … the stock market and gold and silver will be “looked at as something hard” and explode upward (but only in terms of depreciated fiat dollars)!

  7. Southern Girl

    Greg,

    As always I so enjoy your WNW’s. You are really expressive and make me laugh. The comment about how The Donald will shred Hitlary in a debate. It will be like fighting an octopus. He will hit her from every angle….I am still laughing…now I am scream laughing…. I love it. You know they say that laughing makes your whole body better. You could be the answer to the new, “How to make yourself feel better movement.”

    I’m with some of the others…Hitlary for Prison 2016. But what will probably happen is she will be pardoned by Obama. Makes me sick but two sociopath’s will help each other out…it is all about the cause. As Jim Sinclair said Wednesday, “They don’t have a conscience.”

    Well dehydrated some more chicken last night…still preparing. I will be replaying the octopus thing in my head all day. Thanks again Greg.

    • Diane D

      And can you imagine Biden debating Trump? Trump would take control of the White House faster than Alexander Haig.

      • Z'Big

        I don’t know Diane D? Biden made mince meat out of Ryan and saved Obombers rear! THE TWO IRISHMAN HAVE AT EACH OTHER;
        https://www.youtube.com/watch?v=_diTHA_rhI8

        “Biden vs. Trump!” If it comes to that it will certainly be the debate of the century, or of all English speaking history and the way the worlds going, maybe the history of mankind in the balance!

        https://www.youtube.com/watch?v=4MqmpL6X_8w
        Which ones Trump? Which one Biden? Only their hair designer/creator knows for sure. You just cant make this stuff up as the Greg’ster would say!

  8. Your fan in Japan

    Greg, congratulations on another great week of interviews and WNW.
    But Biden? Stephen Cohen on the John Batchelor show this past week said Biden was very deeply involved with the US support of the Kiev government -this being against Russia. he said that it would be a very dangerous thing if Biden becomes president. (but we are probably toast no matter who becomes president)

    • paul

      Dangerous indeed … if Biden thinks he owns the Ukraine … Putin will have something to say about it!

    • A R M A G E D D O N ?

      Your fan in Japan; This is what were risking WWIII for?

      Crony Collusion: VP Joe Biden’s Son Joins Board of Ukrainian Gas Company

      By 21st Century Wire
      Global Research, May 15, 2014

      According to today’s elite squatters in Washington DC, there’s no such thing as a ‘conflict of interest’ anymore…
      Whether it’s Senator Harry Reid and son Rory’s involvement in lucrative land deals and the BLM’s federal racketeering behaviour in Nevada, or Senator Diane Feinstein and husband Richard Blum’s inside track contract award to sell 56 buildings located on prime commercial real estate that currently house U.S. Post Offices, or Dick Cheney and family’s shareholdings in Haliburton and fortunes reaped during his tenure as Vice President and In exactly the same vein, Obama’s Vice President Joe Biden, who has been pushing hard to demonise and disrupt Russia and Gazprom’s relationship with Kiev, while supporting the heavily NeoFascist coup de tat in Kiev, Ukraine – just happens to have a son who just happens to be working as the ‘head of legal affairs’ at Burisma, Ukraine’s largest private gas producer. The conflict of interest – or the outright collusion involved here is fairly blatant.

      On his recent ‘business trip’ to Kiev, Biden proclaimed, “Imagine where you’d be today if you were able to tell Russia: keep your gas. It would be a very different world”.

      He also had the stones to condemn the Ukrainians for their government corruption, crowing arrogantly, “To be very blunt about it … you have to fight the cancer of corruption,” he said.

      No word from Joe on this latest revelation, and son Hunter Biden, sees no problem at all with this geopolitical corporate love triangle. “I believe that my assistance in consulting the company on matters of transparency, corporate governance and responsibility, international expansion and other priorities will contribute to the economy and benefit the people of Ukraine”.

      Read it for yourself…

      http://www.globalresearch.ca/crony-collusion-vp-joe-bidens-son-joins-board-of-ukrainian-gas-company/5382327

      Joe