Greg Hunter’s USAWatchdog.com

Recent Bloomberg analysis says if China backed its currency with gold, the price would need to be 50 times higher than it is today.  According to Bloomberg, that would be a gold price of around $64,000 per ounce, which is much more than gold expert Jim Sinclair predicted a few years ago.  Financial writer Bill Holter weighs in, “That was a few years ago, before some of the QE, and Jim has said that $50,000 gold may turn out to be laughably low. (more…)

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

Bill Murphy, Chairman of GATA (Gold Anti-Trust Action Committee), says precious metal prices have been relentlessly rigged by central banks and governments.  Murphy contends, “If gold were to just to have kept pace with inflation, forget all the QE, it would be double what it is today.  That’s how artificially low the price of gold is today, and also silver.  Once they lose control of silver, it will go from $22 to $100 per ounce very fast.”

(more…)

By Greg Hunter’s USAWatchdog.com  

The bankers have done it again.  They committed an enormous global crime and only paid a fine.  JP Morgan, Barclays, Citigroup, Royal Bank of Scotland and UBS will pay $5.8 billion in penalties for rigging the $5.3 trillion a day currency market.  Once again, nobody will go to jail, even though all these big banks plead guilty to criminal charges for rigging the Forex market.  (more…)

By Greg Hunter’s USAWatchdog.com

Gold expert Rob Kirby arranges deliveries of the yellow metal to his clients measured by the ton.  Kirby says news that China may disclose it has 30,000 tons of gold will be devastating for the West.  Kirby contends, “We could be fast approaching the moment when the tide is going to turn and go out, and we are going to find out who’s wearing a bathing suit.  I think that time is fast approaching, if it is not here already.”  Kirby also says, “I think the implied message is we are going to show you how much we have, and then you are going to have to show us how much you have. . . . America, very likely doesn’t have, in my view, doesn’t have the gold they claim to have.  They also probably spent a lot of other people’s gold in safe keeping.”

(more…)

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

Mexican retail mogul Hugo Salinas-Price is worried about the common man and the upcoming currency calamity that is approaching the globe.  Salinas-Price says, “It certainly isn’t getting better when you have some intellectuals going so crazy as to say they want to ban cash.  We can’t go too much further along this road.  This is utter madness.  We’re not supposed to use cash anymore?  Salinas Price goes on to say, “If we have these lunatics running things, it can’t get any better.  We have people running things that have forgotten about what motivates the common man. . . . I want people to have silver because it is going to protect them.”

(more…)

By Greg Hunter’s USAWatchdog.com  (5/15/15 Friday)

China is telling the U.S. to back off in the South China Sea, even though it is building islands for military bases there. China believes the South China Sea belongs to them, but many other countries, including America, say it’s always been international waters. You can add this to the perfect storm of troubles the U.S. is facing, and this time, it is with our largest creditor. The U.S. Navy is sending ships there but is not flying over the territory, at least not yet. So far, nothing has happened, but you can add this to the many problem spots in the world.

(more…)

By Greg Hunter’s USAWatchdog.com

Financial expert Egon von Greyerz says forget about making money in today’s global economy.  The primary objective should be protection and wealth preservation, and von Greyerz goes on to explain, “It’s all about risk . . . what you are looking at now is a world where risk is unprecedented.  We have bubble land.   We have bubbles in stock markets.  We have bubbles in bond markets.  We have bubbles in assets markets, such as the art market, for example.  On top of that, we have a banking system that is bankrupt.   (more…)

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

Economist John Williams says forget about the so-called recovery, we are headed for recession.  Williams contends, “They’ll have a downside revision to this 1st quarter estimate that will take it negative. What we are seeing now is that the outlook for the second quarter is not only weak, but it is also going to turn negative.  Two contracting consecutive quarters of GDP give you a recession.  So, we have an outlook for recession.  This is an economy that I’ll contend that never recovered, and now we are in a new recession . . .  in a grand economic contraction.  It’s an ongoing economic downturn that we entered into way back in 2005.  This is something close to a depression.”

(more…)

By Greg Hunter’s USAWatchdog.com (5.8.15)  

The ridiculous drum beat from the mainstream media (MSM) has been repeating this so called “recovery” since the 2008 meltdown.  I also keep repeating that there is no real recovery. There are a variety of data points you can look at, but the most recent include retail sales and factory orders have plunged while the trade deficit has spiked.  It was announced that nearly 50 companies are closing 6,000 stores. The oil industry is shedding thousands of jobs, and 62% of Americans are living paycheck to paycheck.  You think I am being too negative?  (more…)

By Greg Hunter’s USAWatchdog.com

Money manager and financial expert Catherine Austin Fitts is worried about exploding global debt.  It has almost doubled since 2007, and Fitts says, “Yes, I am worried about it, and I still think the chance for collapse is relatively small, but I am very worried about the level of violence going up to deal with the tensions resulting from this.  If you look at the debt, there are several things to point out.  One, the debt is very high, but it is bifurcated between who is borrowing a currency they can print and people who are borrowing a currency they can’t print.  That’s of great concern to us because with a global slowdown, a lot of people have borrowed in dollars, and now they got to pay it back at the same time they have to earn dollars, where it is tougher to do.”

(more…)

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

Trader/analyst Gregory Mannarino thinks increasing bad economic news will force the Fed to print more money, or QE.  Mannarino contends, “I absolutely think that’s going to happen.  Before they allow this mechanism that they have propped up with these distortions that are so extreme, to correct to fair market value, they are going to throw everything at it to keep it going.  Again, the alternative is too horrible to contemplate—too horrible to contemplate.  The world will become Baltimore when the debt bubble bursts.  Every street in every nation around the world is going to become Baltimore as people realize they cannot acquire basic assets.  Everyone is struggling for these resources.  This is really what it’s all about.  They understand this.  The world central banks are not stupid.  This goes back to why the police are militarized in every state in the union.  We are one nation under surveillance.  They have understood where this was going for many, many years.” (more…)

By Greg Hunter’s USAWatchdog.com  (5.1.15)

Looks like, for once the U.S. and Iranian Navies may be inching towards confrontation. It was announced that the U.S. Navy will be escorting U.S. flagged ships through the Strait of Hormuz. This came after an erroneous report that the Iranians had boarded a U.S. flagged ship. The Hormuz has 35% of the world’s seaborne oil shipments. The U.S. Navy intercepted some Iranian cargo ships last week heading to Yemen. They turned around, and now the U.S. carrier group has also left the area. (more…)

By Greg Hunter’s USAWatchdog.com

Dane Wigington runs a website dedicated to exposing and explaining to the public the dangers of climate engineering, also known as “chemtrails.”  This is not some sort of conspiracy theory but hard science, also known as “solar radiation management” or “geoengineering.”  What does Wigington say to the disbeliever?  “We have film footage of these tankers spraying at altitude, up close nozzles visible.  We have close up photographs of these nozzles right behind the engines.  At that point, the argument ends.  We have footage of the crime happening.  There is no argument or dispute–it is absolutely going on.  We have President Obama going on the record saying that climate change is the greatest national security threat of all. . . . Do you think that they would ask our permission before they do this?  That is a very naïve thought,” says Wigington.

(more…)

By Greg Hunter’s USAWatchdog.com 

Financial writer Bill Holter says you can forget what the experts says about “containing” the Greek debt crisis.  Holter contends, “Contained is famous last words.  This cannot be “contained.”  Greece is the canary for the entire world.  The western world is Greece.  The western world is massively in debt.  There are derivative losses all over that place that are being hidden, and Greece is what sets off the realization that there are losses and the chain has broken.”

(more…)

By Greg Hunter’s USAWatchdog.com (4/24/15) 

There is some good news concerning the ongoing war in Yemen.  Iran cargo ships, possibly carrying arms and supplies, have turned around and are headed back to Iran.  Was it because of the USS Theodore Roosevelt carrier group?  You can bet on it.  I was worried that this would turn into a major international incident.  Why Yemen and other hot spots are not part of the Iran nuclear negotiations is beyond me.  (more…)