Latest Posts
Weekly News Wrap-Up 8.9.13
By Greg Hunter’s USAWatchdog.com
I am coming to you from the Midwest, and I have some good news to report on the crop front. This year looks like it’s going to go much better than last year. The corn is 10 feet tall in some places, and the soybeans are looking pretty good. Last year, we had extreme drought conditions across most of the country. (more…)
Chain Reaction of Breakdowns in Progress-Dr. Jim Willie
By Greg Hunter’s USAWatchdog.com
Dr. Jim Willie, Publisher of “The Hat Trick Letter,” says, “We’re leading up to a big event. We are having breakdowns in numerous structural elements of the financial system. We’re seeing a chain reaction of breakdown events in progress.” (more…)
Two Big Housing Risks-Ending Fed Stimulus & Speculation-Professor Robert Shiller
By Greg Hunter’s USAWatchdog.com
Yale Professor Robert Shiller says, “People who were thinking about buying a house last year are kicking themselves. Prices are up 12% in a year. As the market tightens, the attractiveness diminishes, but it’s still attractive.” Professor Shiller, who is one of the founders of the S&P/Case-Shiller Home Price Indices, sees two big possible headwinds for housing. (more…)
Weekly News Wrap-Up 8.2.13
By Greg Hunter’s USAWatchdog.com
The U.S. is temporarily closing embassies in several countries around the Middle East for what is being reported as an al-Qaeda threat. The State Department says these are just “precautionary steps.” Embassies involved are in countries such as Israel, Qatar, Egypt and many others. It must be a pretty widespread threat to close this many at one time. I find it bizarre we are closing embassies because of some sort of al-Qaeda threat and, at the same time, we are arming al-Qaeda backed rebels in Syria.
Old System Struggling and Dying-Catherine Austin Fitts
By Greg Hunter’s USAWatchdog.com
Money manager Catherine Austin Fitts says, “You are seeing a tug of war between the new system that’s coming up and the old system that’s struggling and dying.” Fitts explains it by saying, “Let’s pretend we have a company called USA, and we create a new company called Breakaway Civilization. We move all of our assets out of USA and put them in Breakaway Civilization. We leave union obligations and pension funds . . . in the old USA economy.” (more…)
Gold and Silver: Load the Boat-Back Up the Truck-Peter Schiff
Greg Hunter’s USAWatchdog.com
For anyone who sold physical gold in the current precious metal downturn, money manager Peter Schiff says, “There’s going to be a big problem because the gold they sold on the way down isn’t going to be available on the way back up because the people who own it aren’t going to sell it at any price. . . . This is the time to load the boat, to back up the truck.” (more…)
Weekly News Wrap-Up 7.26.13
By Greg Hunter’s USAWatchdog.com (Corrected and updated)
The top story concerns the Middle East ratcheting up the possibilities of an intensified war in Syria. Top U.S. military officer General Martin Dempsey warned Congress about the “unintended consequences” of employing some of the military options that are being talked about. Dempsey expressed concerns over arming al-Qaeda backed rebels and the fallout of weapons that could be used later against the U.S. and its allies. (more…)
U.S. a Lawless State-Paul Craig Roberts
By Greg Hunter’s USAWatchdog.com
Former Assistant Treasury Secretary Paul Craig Roberts says, “The country is not being run by the President. It is being run by spy agencies and private interest groups, Wall Street and military security complex . . . They run the country. The President is a puppet, a figurehead.” (more…)
Complete Wipeout of all Debt Coming-Bix Weir
By Greg Hunter’s USAWatchdog.com
Bix Weir is a tireless advocate for manipulation-free gold and silver markets. Weir says, “They are printing money, and the reason to control the price of gold is to control the perception the U.S. dollar is a sound currency.” The manipulation game is not going to go on much longer. (more…)
Weekly News Wrap-Up 7.19.13
By Greg Hunter’s USAWatchdog.com
Fed Chief Ben Bernanke testified in front of the House and Senate this week about the economy and money printing. The headline in USA Today says it all, “Fed Help Won’t Fade.” Remember, this is $85 billion in bond buying each and every month. That’s $45 billion in Treasury bonds and $40 billion in sour mortgage debt. I call it the fraud and mistakes of big banks. Why doesn’t anyone in Congress ask which banks are getting $40 billion each and every month? (more…)
Inflation Like the 70’s but on Steroids-Chris Casey
By Greg Hunter’s USAWatchdog.com
Wealth manager Chris Casey says, “The bust is the eventual end and, quite frankly, it has to occur based on what the Federal Reserve has done over the last five or six years. I would envision it’s going to be like the seventies, but on steroids.” As far as timing goes, Casey goes on to say, “Whether it’s in the next 12 months or the next 3 years, I can’t really say for sure . . . (more…)
An Economic Collapse that is Going to be Worse than 1929: Karl Denninger
By Greg Hunter’s USAWatchdog.com
Employers are cutting full-time employees back to part-time to avoid the requirement of providing health insurance under Obama Care. Trader Karl Denninger says, “As the Obama Administration runs against the economic reality of what they passed, they are now trying to find ways to dodge it. . . . (more…)
Weekly News Wrap-Up 7.12.13
By Greg Hunter’s USAWatchdog.com
The big story, once again, comes from Fed Chief Ben Bernanke. This week, he did a 180 degree about-face and said the easy money policies of the Federal Reserve will go on for the “foreseeable future.” Last month, he was talking about cutting back or “tapering” the massive $85 billion a month money printing and that caused a mini stock market crash. (more…)
No Such Thing as a Safe Asset Anymore-Axel Merk
By Greg Hunter’s USAWatchdog.com (revised)
Money manager Axel Merk says, “There really is no such thing as a safe asset anymore. . . . If you hold cash, the purchasing power of your cash is at risk. . . . What we do is try to get out of the dollar. We buy gold, we buy other currencies.” (more…)
Washington is Arranging Support of the Dollar-Paul Craig Roberts
By Greg Hunter’s USAWatchdog.com
Former Assistant Treasury Secretary Dr. Paul Craig Roberts says new Trade deals with the EU and Asia are meant to backstop the dollar. Dr. Roberts contends, “Washington is arranging that many countries have a stake in supporting the dollar. That frees them from the consequences of the printing press for now and a number of years.” (more…)