By Greg Hunter’s USAWatchdog.com

Helen Davis Chaitman was the lead attorney representing the victims of the $65 billion Bernie Madoff scam. Madoff had help form JP Morgan Chase Bank, and what she found out was stunning.  Chaitman explains, “JP Morgan Chase was the subject of a criminal complaint . . . it was charged with a criminal violation of the Bank Secrecy Act, which is a felony violation.  JP Morgan Chase disgorged a small percentage of the profits it made on the Madoff relationship, and the government called it quits.  Nobody was fired.  Nobody disgorged bonuses, they just went on doing other crimes.”

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

Financial analyst Bix Weir has laid out a timeline for the next financial collapse that he says is underway. Bix explains, “It’s happening now, and it has been happening since the beginning of the year.  Some of the big things on the time line and one of the bigger things to watch is the Deutsche Bank (DB) implosion.  That’s going to be gigantic because Deutsche Bank is the largest derivative holder in the world.  Their stock is plummeting, and they are begging for tier 1 capital.  It’s all happening right now.  The question is what is the day that Deutsche Bank throws up its arms and says we’re insolvent?  We are many times insolvent, and that would just destroy the European markets.  It will also destroy the U.S. markets because our biggest banks are invested in the sovereign debt of European countries.  (more…)

By Greg Hunter’s USAWatchdog.com 5.20.16 (WNW 238) 

Saudi Arabia is in deep financial trouble, and that spells financial trouble for the U.S. Let’s connect the dots. Shall we?  The Senate just passed a bill that releases 28 secret pages from the 9/11 Report, and it also allows the families sue the Kingdom if it was involved in the attack.  Saudi has threatened to dump U.S. assets if this becomes law.  Some people say they would never do that because it would hurt them.  I say, they may be forced to sell U.S. Treasuries and other assets because they need the money.  This is against the backdrop of reports of Saudi Arabia paying workers and contractors with IOUs and mass layoffs in the Kingdom.  No wonder why Moody’s just downgraded Saudi debt.  This week, we also find out how much U.S. debt Saudi owns.  (more…)

By Greg Hunter’s USAWatchdog.com

Macroeconomic analyst Rob Kirby says his rich clients around the planet are bracing for an inevitable economic calamity. Kirby explains, “The people I know, that I would say are at the higher level of the food chain in the global world of finance, are hunkered down and making very serious preparations.  What I see on a macro level is people acting like squirrels preparing for winter.  They are burying nuts and gathering as much physical precious metals as they can. They are making preparations for a post-dollar world in terms of world reserve currency.”

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

“V” the “Guerilla Economist” fears another global financial collapse “every day and every night.” “V” explains, “Economically speaking . . . What I see is it’s not one event. There are multiple triggers everywhere.  If Deutsche Bank goes belly up tonight . . . that could send a cascade of bank failures throughout the euro zone, which will blow back right here through London to New York, and we will be in the absolute crap storm.  We will be in the middle of it.  It could happen at any time.  If the Saudis decide to go nuts and decide to dump $750 billion . . . if they start dumping U.S. Treasuries, it can cause a run on the bond market.  It could cause a massive fissure and a massive blow back.  (more…)

Greg Hunter USAWatchdog.com

Weekly News Wrap-Up 5.13.16 (WNW 237) 

There was a new missile defense system installed in Romania. The U.S. says it is to protect Europe from an attack from a “rogue state.”  Russia says this new missile defense site is a “direct threat to global and regional security.”  Russia also says this is a “destructive action.”  One Russian commentator said the missile deployment “. . . might even accelerate the slippery slope to nuclear war in a crisis.” 

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By Greg Hunter’s USAWatchdog.com 

Former Bush Administration (41) Assistant Secretary of Housing, Catherine Austin Fitts, says this presidential election will be most painful for Hillary Clinton. Fitts explains, “Here’s the thing, Clinton has never had to answer for the real deal issues and dirt on the Clintons.  Here’s what’s interesting.  One of the reasons the Clintons never had to answer is so much of it was done with the Bush family and the Republican establishment.  They were really partners in many of the things they did.  Before the campaign, Roger Stone came out with a book on the Bushes and a book on the Clintons.  It was sort of a compendium on all the real deal dirt.  That’s now in the body politic.  The second thing we see is George H.W. Bush, W. Bush and Jeb Bush all come out and say they are not going to back Trump.  That means Trump is free to throw the mud, and it will hit the Clintons, but it will splatter all over the Bushes.  Now, Trump is free to go.”

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By Greg Hunter’s USAWatchdog.com 

Former Clinton insider Larry Nichols has worked with, and now against, the Clintons. Nichols has some of the top political and financial connections on the planet.  Nichols hopes the public is finally realizing the enormous power struggle going on.  Nichols explains, “There is no two-party system in the United States of America.  Let’s get that straight.  There is no two-party system, there is one.  Part of it is a red team and part of it is a blue team.   You think you have a choice, but as you know you only have a choice between the two they give you to vote for, but here comes Trump.  Trump doesn’t need their money . . . he will bust up the system, and he will not only bust up the system for the Republican Party, but he will bust up the system (for both parties).  So, there are many establishment Republicans that have said they would rather vote for Hillary than Trump. . . . They must maintain status quo of the system for these power elite people to stay where they want to be.”

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By Greg Hunter’s USAWatchdog.com

Money manager and financial expert Michael Pento says every corner of the globe is in economic trouble. Pento contends, “I think we are going to have a global synchronized collapse amongst the developed world economies: Europe, Japan, the United States and China, and you should be hedging against this market. Don’t forget, we have the most overvalued, most dangerous stock market in the history of the world. . . . Record valuations sit on top of an unprecedented earnings and revenue recession. The only thing we have left is the promise of ZIRP, QE and negative interest rates that don’t work. All they do is inflate asset prices. You should be short the market, and you should be long precious metals.”

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

Financial expert Alasdair Macleod says the most important economic news concerns the U.S. dollar. Macleod explains, “I think the most important point is actually the dollar has turned.  The panic move into the dollar by miners and producers of raw material . . . was driving the dollar up. That has now ceased.  China has now started buying those raw materials, base metals, oil and so on and so forth.  So, the result is the commodity crisis is over.  That, actually, is the biggest driver of the dollar, which is pushing it down.”

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By Greg Hunter’s USAWatchdog.com (WNW 236 4.29.16)

The economy is rotten just like Apple iPhone sales numbers. For the first time in 10 years, Apple reported its first quarterly sales drop for their popular iPhone. No, it’s not the end of the world, but it’s a sign there is trouble in the economy.  Sure, Facebook beat its earnings projections, but they don’t make anything.  Other bad news includes new home sales are down.  Manufacturing numbers from the Dallas Fed are down.  Consumer sentiment numbers from the University of Michigan are down.  Spending is down.  Retail sales are down.  GDP in the first quarter came in at a paltry .5%.  Economist John Williams says that number will be revised down and will probably turn negative.  Williams says we are already in a recession or soon will be.  Both Bo Polny and Greg Mannarino say the same thing: we are getting to a point where they can no longer hide the bad economy, and there really is no recovery after all.

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By Greg Hunter’s USAWatchdog.com 

Economist John Williams has long predicted the $16 trillion in U.S. dollar assets held outside of America will be sold in a panic. The time draws near for that scenario to unfold, and Williams explains, “When people start selling the dollar, or dollar denominated assets, you will see the value of the plunge.  We have had a remarkable rally in the dollar since mid-2014, and it is up over 30%.  It is going to be going down by more than that, and we are going to be headed to new lows.  We have the waffling of the Fed and the beginnings of the perception that the economy is in serious trouble, which generally would be negative for the dollar.  We have started to see selling pressure on the dollar.  It has been inching lower.  It’s down year to year now. . . . The selling is going to intensify, not only with large central banks, but with corporations that will be beginning to dump their Treasury holdings. . . . Nobody wants to be the last one out the door when you have a panic like this.  It’s not a panic yet, but the potential certainly is there.”

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By Greg Hunter’s USAWatchdog.com (Special Release)

According to financial writer Bill Holter, we are getting to the end of the gold and silver price suppression game. Holter contends, “Because the inventories are so small, silver and gold registered categories (at COMEX) total about $1.2 billion.  That’s nothing in today’s world.  That’s less than one day’s interest the U.S. pays on its debt.  I don’t see this going for a long time because inventories are so small. . . . This whole suppression game on gold and silver was brought about to protect the reserve currency, the dollar, because gold is a direct competitor with the dollar.  If the silver market blows up, and I shouldn’t say if, it’s when the silver market blows up, that’s going to blow the gold market up, and that is basically going to expose the fact the West is a fraud, that the gold and silver markets were a fractional reserve Ponzi scheme.  That’s going to blow confidence, and you are going to see derivatives blow up all over the world, and markets will be closed in a couple of days.”

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By Greg Hunter’s USAWatchdog.com (WNW 235 4.22.16)

The President was in Saudi Arabia in what the White House claims was a trip to “clear the air.” I really don’t know how you clear the air with the friction between the U.S. and the Kingdom. There is ISIS, which the Saudis are funding along with the U.S, but that’s changing because it appears the U.S. is increasing its attacks on ISIS. There is the bi-partisan Senate bill that will release the missing 28 pages of the 9/11 Commission Report that supposedly implicates Saudi Arabia. It will also allow the families if the 9/11 attack to sue Saudi Arabia if it was involved. The Saudis said they would dump a trillion dollars in U.S. assets if that becomes law. President Obama says he will veto. The House and Senate may have enough votes in this election year to override that veto as big time people in both parties are pushing this. The President is also basically telling Arab allies in the Middle East that they should learn how to share the region with Iran. So, I really do not know how they can “clear the air” with zero resolutions.

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Greg Hunter’s USAWatchdog.com 

Financial analyst and stock trader Gregory Mannarino says pay no attention to the rising stock market because it is “fake.” Mannarino says, “The manipulation is absolutely epic.  We have never seen anything like it.  There is going to be a horrible price to pay for this.  Why?  Because it will correct to fair market value.  There is no doubt in my mind that all of this will correct to fair value.  All these distortions can only go so far, and we know this.  We have seen this throughout history without exception. . . .  We have the biggest bubble in the history of the world, and that is the debt bubble that has re-inflated this stock market bubble, it will burst.  It will burst because every single financial bubble in history, without exception, has burst before it.  This one is going to burst too, but this one is going to engulf the world.  It’s going to be unlike anything we’ve seen in the history of the world, and there is no doubt that the middle class will no longer exist when this occurs.  It’s going to be a massive transfer of wealth to these financial institutions that are going to go short all of this.  It is legal theft on a magnitude and scale that is unimaginable.”

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