Greg Hunter’s  USAWatchdog.com

Everyone needs be looking past the Coronavirus crisis and at what governments are trying to do to counter the economic destruction and massive unemployment. Is the financial cure worse than the disease? Financial writer John Rubino says look at commercial real estate as an omen of what is to come. Rubino explains, “Sooner or later you’ve got to pay your bills, and if you don’t have anybody paying your bills to you, then you go bankrupt. Commercial real estate could just be a blood bath, which take us back to all the bailouts. You can’t let a big sector go bust in this world because suddenly everything is too big to fail. (more…)

By Greg Hunter’s USAWatchdog.com

Financial writer and book author John Rubino sees the world careening toward a debt reset at an increasing pace. Rubino explains, “The coming monetary reset and what that means for gold and what that means for the rest of the global financial system, you don’t need a war to bring that about because we are making enough financial mistakes that will get us there in no time flat now without geopolitical turmoil. If you add a big war in the Middle East into the equation, then anything can happen. A scenario right now that is very, very feasible is we start shooting in the Middle East and Russia and China is on the other side of this in one way or another. They help Iran, and we have our allies helping us, and we start using these next generation weapons that are breathtakingly powerful. Nobody has any idea what’s going to happen when we start throwing these things at each other. . . . (more…)

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

Financial writer and book author John Rubino says he can see the end of the economic expansion fueled by massive debt creation. Rubino explains, “Every sector of the U.S. economy is so over indebted I don’t see how we go on much longer. The Fed is desperately trying to prolong this thing. We are running trillion dollar deficits now, and what that is for is to keep the system from falling apart. We are 11 years into an expansion, a record. This is the longest bull market in history, and this is the longest economic expansion in history. . . . These guys don’t know exactly what’s going to happen in the next recession, but they are afraid that the system is so highly leveraged that even a garden variety three quarters of a percent of negative growth and a garden variety of 20 % drop in stock prices might be fatal. (more…)

By Greg Hunter’s USAWatchdog.com 

Financial writer and book author John Rubino is worried about record debt at every level of the economy. Rubino says, “The next recession is overdue because this is the longest expansion on record. . . . We loaded up car buyers with sub-prime loans. Students now have $1.5 trillion of student debt. Credit card debt is at record levels. Government debt is at record levels. Corporate debt is at record levels. . . . All of these guys have borrowed more money than they ever have in history. So, the idea we are going to convince people to borrow a lot more money by lowering interest rates is at best problematic and at worst insane. We are headed that way because they have no other tools. So, when things slow down, they are going to start cutting again and printing money and buying up assets with that money.  We’ll see if it works again. It shouldn’t have worked the last time. . . . We are in a range of unexplored numbers. . . . How much further can this go? Is there a limit out there? We are going to find out in the next recession.”

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

Unemployment is near 3% and President Trump is calling for rate cuts and quantitative easing. Is the economy doing well or getting ready to tank? Financial writer John Rubino says, “We went from being at all-time highs to down 20% in sort of a flash crash in two months towards the end of last year. That told the Fed and the other central banks that they can never tighten again. This is it for this cycle and for the entire remaining time of today’s financial system for higher interest rates. They abruptly announced to never mind about those four rate hikes that were going to happen in 2019. We (the Fed) are not going to do anything. If we do anything, it will be in the opposite direction and cut interest rates and a new round of QE, etcetera and etcetera. The stock market went right back up to record levels. (more…)

By Greg Hunter’s USAWatchdog.com

Financial writer John Rubino says no matter what country, the global debt has exploded to record highs, and it’s going to go even higher in the coming years. Rubino contends, “Government debt is going to soar going forward no matter what. Whether we have three more years of growth or a recession next year, we are going to see massive new deficits and massive increases in government debt all over the world. This is coming at a time when we have already hit record levels of debt and blown right through previous record levels. The last crisis, that almost ended the global financial system, was debt driven. The next one is going to be that much, much more serious because we basically doubled the amount of debt that’s out there since 2005 and 2006.”

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By Greg Hunter’s USAWatchdog.com

Financial writer John Rubino says everywhere you look, debt is exponentially mounting. Nothing demonstrates the “imminent bankruptcy” problem better than the financial obligations of New York City. Rubino says, “They just announced that they have unfunded liabilities for retiree healthcare, just retiree healthcare and not the rest of their pensions, of $100 billion. That’s for a city, not a state or a country, and if you add their unfunded liabilities for their pensions, which is another $50 billion or so, and their official debt, which is $50 billion or so, you get $200 billion that New York City is on the hook for that they have not put money away for. If a private sector company had finances like that, they would be insolvent, and their accountants would force them to say that.” (more…)

By Greg Hunter’s USAWatchdog.com

Financial writer John Rubino says the currency crisis happening in Turkey is a stark reason for owning something a government can’t print more of at will. Rubino points out, “The function of gold and silver is to protect you against government mismanagement of your currency.   The emerging market countries (including Turkey) have screwed up their money. They borrowed a lot of U.S. dollars at low interest rates when the dollar was falling. They expected the dollar to keep falling and pay back their loans in ever cheaper dollars, but the dollar went the other way. So, now their loans are unpayable. Their currencies are blowing up, and you are seeing gold and silver rise in local currency terms. In other words, precious metals are protecting the citizens of those countries against financial mismanagement.”

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By Greg Hunter’s USAWatchdog.com 

Financial writer John Rubino says don’t be fooled by the phony economy propped up by central banks. Rubino co-wrote a book a few years ago called “The Money Bubble.” It could have been written this week because almost everything he predicted then is coming to a head now.  Rubino contends, “The money bubble is basically the big bubble that all previous bubbles have been built on.  All the previous bubbles have come and gone, and “The Money Bubble” is about money, government debt and financial instruments, in general.  So, it’s a global bubble that is bigger than anything that has come before.  Part of the reason it has gone on so long is everybody is participating.  Every central bank has a printing press, and that allows them to fool people . . . . It fools people into thinking that the world is basically normal, and it’s not normal. . . . We are creating the conditions for the Mother-of-All financial crises.  It is taking longer to happen than was thought of a few years ago, but it is starting to happen now.  The QE (money printing) programs of the past few years, which were wildly experimental and really shocking to economists and everybody else, turn out not to work. . . . Either the system is getting ready to break down shortly or go on to a new level of experiments that are going to be even more dangerous . . . either way, the current system is toast.”

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By Greg Hunter’s USAWatchdog.com 

John Rubino, author of the new book “The Money Bubble,” can sum up the ongoing global financial problems in a single phrase: “There is too much debt.” Rubino goes on to say, “Debt works the same way for a country as it works for an individual or a family, which is to say if you borrow too much, then your life basically craters. Everything gets harder to do, and you end up doing things in order to deal with your past mistakes that you would never do normally. You start trying absolutely crazy things, and that’s where the world’s governments are right now. . . . (more…)

By Greg Hunter’s USAWatchdog.com (WNW 624 3.8.24)

Super Tuesday was this week, and Trump ran that table. He won 14 out of 15 primary states. Nikki Haley finally stopped embarrassing herself and gave up. Meanwhile, Joe Biden gave the State Of The Union address and left out the real things he should have been talking about. Here’s my short list: The border, Ukraine war and US military boots on the ground there, the Fani Willis/Trump RICO case pushed by the White House falling apart, flying 320,000 illegals into America and the federal government involved in massive sex trafficking are just a few of the things that should have been talked about Thursday night. The country is falling apart, and this is exactly what the Deep State wants. (more…)

By Greg Hunter’s USAWatchdog.com (WNW 596 8.25.23)

It’s Donald Trump’s fourth indictment for more made-up crimes and political persecution that no other American President in history has had to endure.  This time it is a host of Georgia RICO charges, but in reality, it is making the 1^st Amendment a crime.  How dare anyone complain about an election that was obviously stolen in 2020.  The Deep State is trying any desperate act to stop Trump from running in 2024.  The charges filed by Fulton County District Attorney Fani Willis are moronic and demonic at the same time.  DA Willis has turned her office into a cartoon.  (more…)

By Greg Hunter’s USAWatchdog.com (WNW 589)

The story that will most affect you is the possible strike by UPS.  Why is that?  UPS carries about 60% of the nation’s packages, and if this strike happens at the end of July, the supply lines are going to get clogged—really clogged.  FedEx, the U.S. Postal Service and other shippers can in no way pick up the slack.  If there is something you need, you will have to order it now or possibly wait months.  Even if the strike only goes on for a short while, it will cause much longer wait times for just about everything you need.  So, get it now to be on the safe side. (more…)

By Greg Hunter’s USAWatchdog.com (WNW 582 5/19/23)

The Lying Legacy Media (LLM) is lying to you about what is going on in Ukraine.  The war has taken a harsh turn in that Russian missiles are targeting ammunition depots to blow up rounds of Depleted Uranium (DU) munitions.  (DU can go through a foot of armor.)  Don’t let the name fool you.  Depleted Uranium is only depleted of its fuel and not it’s radioactive nightmare.  It has a 4-billion-year (that’s right, billion) half-life. (more…)

By Greg Hunter’s USAWatchdog.com (WNW 575 3.31.23)

President Donald J. Trump has been indicted by Manhattan District Attorney Alvin Bragg for 34 counts of fraud.  Legal scholars are calling this “prosecutorial misconduct,” “sad” and “a legal disaster.”  Many, including President Trump, the 2024 GOP front-runner for the White House, says it is nothing more than “political persecution.”  Trump says it is really “election interference at the highest level” because Dems cannot beat him fair and square.  Harvard legal expert Professor Alan Dershowitz says the case is really “foolish.” (more…)