By Greg Hunter’s USAWatchdog.com (WNW 284 5.19.17)

You would not think the Associated Press and the New York Times would do a negative story against President Trump with an anonymous source and a document read to them over the phone, but that is exactly what they both did when they published a story on an alleged Jim Comey memo after he was fired as FBI Director. The Comey memo has yet to be seen by anyone in the media and Congress. (more…)

By Greg Hunter’s USAWatchdog.com

Analyst/trader Gregory Mannarino says America is in conflict with itself. Mannarino explains, “We have a President who gets it. He’s obviously not a socialist, and there is no doubt this man has the back of America. . . . There is a literal war going on right now between political parties here. This is a deliberate effort by some to destabilize our country, to bring America to its knees from the inside. They want to basically throw this country into some kind of third world situation, and I don’t think it’s going to happen. I think there are too many people on the opposite side of this trade that want to see America succeed.”

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By Greg Hunter’s USAWatchdog.com “Early Sunday Release”

Money manager Michael Pento sees records being set in the financial markets. but not in a good way. Pento explains, “Let’s be positive here.  I don’t root for bad things to happen.  So, for the first time in history, we’re going to have bubbles that don’t pop?  Does that make any sense to anybody?  This is the first time in history we have a record level of debt and a record distortion in asset prices.  Again, a record amount of debt that, by the way, is 300% of global GDP.  That’s $230 trillion, and that’s supposed to turn out just dandy?  I don’t believe it.”

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By Greg Hunter’s USAWatchdog.com

(WNW 283 5.12.17)

Just like on Trump’s hit TV show, the words “you’re fired” hit FBI Director James Comey like a ton of bricks. President Donald Trump fired Comey because the White House says the Trump Administration has “lost confidence” in the FBI Director.  Democrats, who asked Comey be fired because of the Clinton Email probe, are now outraged over the firing and want a special prosecutor for the so-called Russia collusion investigation.

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By Greg Hunter’s USAWatchdog.com 

Financial advisor Catherine Austin Fitts says if you want to have a really good economy, you have to “get rid of debt, crime and war.” Fitts says, “Instead of having more debt, more crime and more war, we need to get interested in shifting.  The President is getting very, very frustrated because he is in the machinery, and the machinery has no interest in changing.  If you look at what’s going on, it’s very dangerous.  Many of the people that got him elected are systematically being taken out.”

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

Sky high stock and bond prices have former Reagan Administration White House Budget Director David Stockman worried because we are on our way to a big financial crash. Stockman explains, “Yes, absolutely.  The market is insanely valued right now.  They were trying to tag, the robo machines and day traders, they were trying to tag 2,400 on the S&P 500.  They ended up at 2,399, I think, but the point is that represents about 25 times trailing earnings for 2016.  We are at a point in the so-called recovery that has already lasted 96 months.  It’s almost the longest one in history.  What the market is saying is we have reached the point of full employment forever.  There will never be another recession or any kind of economic surprise or upset or dislocation.  The market is pricing itself for perfection for all of eternity.  This is crazy. . . . I think the market could easily drop to 1,600 or 1,300.  It could drop by 40% or even more once the fantasy ends.  (more…)

By Greg Hunter’s USAWatchdog.com (WNW 282 5.5.17) 

All the economic data says the real economy is in big trouble, and it will not get better on its own. Factory orders tumble, automakers turn in negative results, and productivity is plunging all at the same time.  The Trump Administration knows this and cannot risk imploding the financial markets.  So, he choked down a $1.1 trillion spending bill that gave Democrats much of what they wanted.  Trump signed the bill to keep the government running until September to buy some time.  Trump will be putting together his first real budget soon, and that will take effect on October 1^st.  Trump got a big win today when the House of Representatives passed legislation that guts Obama Care and puts a new healthcare system in place.  The Bill now moves to the Senate for passage.

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By Greg Hunter’s USAWatchdog.com

Money manager Axel Merk has a lot of uncertainty to navigate these days between the extreme geopolitical risks, such as China’s neighbor, North Korea, and heavy debt loads that are ballooning budget deficits. Merk says, “It’s amazing.  If you are not confused, you are probably not paying attention.  I am very worried when asset prices are very expensive, what’s going to happen to them.  The thing I am most worried about is how a trade war might derail things.  I don’t think a trade war is going to happen because of a border tax. . . . I think it’s going to happen because the Chinese are going to feel bullied or pushed by the Americans. (more…)

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

Financial expert Mike Maloney says what is going on in the economy is like a mass mental illness, especially when you consider the geopolitical risks and extreme valuations across the board. Maloney explains, “We have a stock market and real estate market and a bond market that are all insane.  We’ve got this crazy world where everything is at these valuations that are just impossible things.  That will cause a peak, and we are at a point where we are way overdue for a recession.  Recessions occur every four and a half years on average.  Just two months ago, this became the third longest expansion in U.S. history. (more…)

By Greg Hunter’s USAWatchdog.com  (WNW 281 4.28.17)

Secretary of State Tillerson and other top U.S. officials have issued a dire warning on North Korea. In a press release this week, the Trump Administration says, “North Korea’s pursuit of nuclear weapons is an urgent national security threat and top foreign policy priority.”  This release was issued after a White House briefing to 100 Senators that detailed the possible threat.  Another ominous sign was the test firing of an unarmed ICBM at Vandenberg Air Force Base in California.  Meanwhile, North Korea has been making provocative videos showing a military nuclear strike on the United States and also a live fire drill with North Korean artillery.  Many of North Korea’s artillery can easily reach Seoul, South Korea.

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By Greg Hunter’s USAWatchdog.com 

Financial writer Craig Hemke is looking beneath the pie in the sky high stock market to the shaky foundation that is trying to hold up the so called “Trump Bump.” Hemke says the “generally accepted narrative” is failing and points out, “If we go back a couple Fridays ago, the March employment report was terrible.  It was something like 88,000 jobs.  The latest other data on inflation is coming in negative, not just below expectations, but negative inflation.  So, this whole generally accepted narrative is crumbling.  The other part of it was higher interest rates and a stronger dollar.  The dollar is down 3% or 4% year-to-date.  So, that ain’t working too well.  (more…)

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

Market expert and financial writer Bill Holter says elite were in a “panic” last week to try to push down the price of gold and silver. Holter explains, “You have to understand that gold is the direct competitor versus the dollar.  Other currencies in the world compete with the dollar, but the dollar is the reserve currency.  It supplanted gold in 1971.  Gold and the dollar are direct competitors or arch enemies, or whatever you want to call them.  The best way to make the dollar look good is to make gold look bad.  That’s what the purpose of all these naked sales or contracts are to suppress the price (of gold and silver).   That’s the purpose of it. . . . Tuesday, Wednesday and Thursday were three big sales back to back to back, which shows the captains of the dollar are panicking.  The dollar definitely looks like its rolling over and has been taking some fairly sizable drops intraday.”

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By Greg Hunter’s USAWatchdog.com (WNW 280 4.21.17)

North Korea made the most provocative and dangerous threat yet through the state media when it said Kim Jong-Un may order a “super-mighty preemptive strike” against South Korea and the U.S. The U.S. says it is sending an armada to deal with the provocation. China and Russia, which both border North Korea, reportedly have deployed troops there. The threat is the worst ever for the Korean Peninsula as the North now has nuclear weapons that it did not have in the Korean War in the early 1950’s.

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By Greg Hunter’s USAWatchdog.com

Market cycle analyst Bo Polny says he may have been wrong in the past about a stock market top, but now the top is in and predicts, “As of March 1^st (2017), we believe the stock market, the Dow, the S&P, and all the world markets for that matter, are supposed to have topped and from this point forward, we are supposed to see a very ugly April.”

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By Greg Hunter’s USAWatchdog.com

Renowned financial expert Martin Armstrong says the biggest risk out there is the effect a strong U.S. dollar has on the global bond market. Armstrong explains, “There’s these people who keep saying the dollar is going to crash.  If the dollar crashes, the world is happier and basically celebrating.  You have half the U.S. debt equivalent in emerging market debt issued in dollars.  If the dollar goes up, they are in trouble.  Then you are going to see sovereign defaults. . . . The U.S. is not going to default, but as you start defaults elsewhere outside the country, it makes people begin to get concerned about sovereign debt.  Sovereign debt is the worst of all.  It’s not secured.  If the U.S. government defaulted on its debt, what would happen?  You cannot go down to the National Gallery and start lifting Picassos.”

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