By Greg Hunter’s USAWatchdog.com

Keven Lawton is a tech entrepreneur with 10 startups under his belt. He is also an expert in crypto currencies and sees a Bitcoin civil war coming soon.  Lawton says, “In Bitcoin, there are huge scalability issues in terms of transaction speed.  It’s been ongoing for years now.  There is a set of ideas from the developers on how to fix this, and there is a set of ideas from the miners and payment transactors on how to go about fixing this. . . . They are sort of like two camps, and they have really split off.  The developers have a proposal . . . and that will probably roll out around August 1^st.  Then, on the other side, big money people and payment processors and miners . . . they have their own proposal, and they want to do more than the developers want to do.”

(more…)

By Greg Hunter’s USAWatchdog.com

Mexican billionaire and retail magnate Hugo Salinas Price is a big proponent of using silver as money in Mexico. Salinas Price explains, “The idea is not to go back to a silver standard, but to create a parallel currency which would be a monetized silver coin.  It would not bear a stamped value.  It would be a plain silver coin with a quoted value given to it.  This value would be adjusted upward with a fall in the value of the peso or a rise with the price of silver.”

(more…)

By Greg Hunter’s USAWatchdog.com (WNW 251 8.19.16)

So much for the so-called “recovery,” there’s not going to be one. Retail and tech are the latest to signal the economy is tanking. Retail is warning sales are bad. Macy’s is closing 100 stores nationwide. On top of that, tech giant Cisco just fired 20% of its workforce, or about 5,500 employees. Can you believe the Fed is still talking about raising interest rates in September? Fat chance.

(more…)

By Greg Hunter’s USAWatchdog.com  

Financial commentator and trader Karl Denninger says what is going on in the Greek debt crisis is really a global problem.  Denninger explains, “All of these countries have engaged in the same lie.  They have all engaged in the same fundamental fraud, which is you can spend more than you take in on a permanent basis.  It is the same fraud that is going on here in the United States.  We just haven’t gotten hammered with it –yet, but we will.  This is a fraud.  The people who did this need to go to prison.  There is no way to undo that Gordian knot, other than to say we can’t pay it.  We never could pay it.  You were lied to, and by the way, the people who participated in the lending were active participants in a crime.”

(more…)

By Greg Hunter’s USAWatchdog.com

President Obama is sending 300 military advisors to Iraq.  This is the ultimate lose-lose scenario.  Remember I told you Iran was already there, and the U.S. would be helping Iran defend Iraq.  Well, it’s happening.  Obama does not want to attack the ISIS or ISIL forces that have come down from Syria, and he does not want the Iranians to defend Iraq and gain influence.  (more…)

By Greg Hunter’s USAWatchdog.com  (Revised)

Renowned gold expert Jim Sinclair says financial calamity is just around the corner for America.  Sinclair contends, “We are facing the annihilation of currency.  We are facing the shift of America as the leading and most influential nation of the world to some form of banana republic. . . . If it wasn’t for food stamps, we would be facing long lines of people waiting for free food.”  (more…)

Greg Hunter’s USAWatchdog.com 

Analyst-trader Gregory Mannarino says, “The Fed is the sole driver for the market at this time.  They’ve caused an absolute and disconnect in the economy and the market.  When that happens, you know you have a bubble. . . . The Federal Reserve is hell-bent on hyper-inflating the stock market at the expense of the U.S. dollar.”  (more…)

By Greg Hunter’s USAWatchdog.com 

Analyst Karl Denninger says, “The best thing we could do as an economy is go straight off the fiscal cliff and not come back because that would take about half of the deficit off the table immediately.”  The reason why the U.S. deficit is so large, according to Denninger, “Both sides want to spend more than they take in in taxes.”  Denninger says the Federal Reserve enables the U.S. to live well beyond its means.  (more…)

By Greg Hunter’s USAWatchdog.com

The surprise announcement by JP Morgan that it lost $2 billion in trading derivatives was portrayed in some mainstream media outlets as no big deal.  The Associated Press reported Friday, “Bank stocks were hammered in Britain and the United States on Friday, partly because of fear that a surprise $2 billion trading loss by JPMorgan Chase would lead to tougher regulation of financial institutions. . . . (more…)

By Greg Hunter’s USAWatchdog.com   

Plenty of financial news was made last week which gave us lots of questions for Karl Denninger.  It seems almost every week, there is a major story coming out of Wall Street, Washington D.C. or from the other side of the Atlantic.  Greg Hunter talks to Karl Denninger of Market-Ticker.com to get some answers.  (more…)

By Greg Hunter’s USAWatchdog.com 

Israel and Iran are, once again, the big stories this week.  The Prime Minister of Israel, Benjamin Netanyahu, basically said he doesn’t need the blessing of the U.S. to attack Iran’s nuclear sites.  Meanwhile, the U.S. has given Iran a “last chance” ultimatum to work out a peace deal with its nuclear program or be attacked by the end of the year.  Can war be far away?  (more…)

By Greg Hunter’s USAWatchdog.com 

It is official.  State and federal governments have condoned forgery, perjury and fraud in what’s been called the “robo-signing” foreclosure debacle.  Last week, the five biggest banks in America signed on to a $26 billion deal that, basically, lets them off with a slap on the wrist for fraudulently foreclosing on homes in the last few years.  (more…)

By Greg Hunter’s USAWatchdog.com

In a new poll, out yesterday, 7 out of 10 Republicans and right leaning independent voters believe Mitt Romney will be the GOP nominee for President.  (Click here for that poll.)   Does that mean it’s over for Congressman Ron Paul?  I think it is safe to say it is probably a long shot he will be the Republican nominee, but what about a third party run?  Can Ron Paul win as a third party candidate? (more…)

By Greg Hunter’s USAWatchdog.com 

I don’t know who won the October 11, 2011 Republican debate last night, but Herman Cain sure got a lot of attention for his 9-9-9 tax plan.  That’s short for 9% tax on business, 9% tax on personal income and 9% sales tax.  I am sure the Republican field loves the first two, but a 9% sales tax seems like a complete downer for the party of Lincoln.  Michele Bachman (who is a tax attorney) hit Mr. Cain in the face with verbal cream pie when she said (more…)

With the nearly 260 point drubbing the Dow took yesterday I thought it would be a good time to roll out a post on short selling.  Sure, some of this is generated by folks simply sell because of sovereign debt fears in places like Greece, but some of this is probably naked short selling that the SEC turns a blind eye to.  This should be illegal, oh wait, it already is!  Thank you SEC for letting Wall Street crooks run wild in the markets.  (more…)