Latest Posts
Oil Price Plunge Trigger for Next Global Crisis-Harry Dent
By Greg Hunter’s USAWatchdog.com (Early Sunday Release)
Economist Harry Dent says falling oil prices will be a trigger for another economic calamity. Dent explains, “Normally, oil prices falling in a good economy like the 80’s and 90’s, where we have falling inflation and booming productivity and good demographic trends, this would be a good thing. It is a good thing for consumers and businesses, but it is a bad thing for financial markets and our whole debt structure. We have the greatest debt bubble in history. (more…)
WNW 170- Budget Battle, CIA Torture Distraction, Madoff Convictions
By Greg Hunter’s USAWatchdog.com (Friday 12/12/14)
The $1 trillion budget that just passed the House of Representatives has something in it for everybody–to hate. Conservative Republicans hate that Obama Care and illegal immigration are funded and liberal Democrats hate the rollback of rules for Wall Street and political donations are dramatically increased. Lots of Republicans think they lost, and plenty of Democrats revolted against the President and they also think they lost. (more…)
Big Banks Will Take Depositors Money In Next Crash -Ellen Brown
By Greg Hunter’s USAWatchdog.com
The G-20 met recently in Australia to make new banking rules for the next financial calamity. Financial reform advocate Ellen Brown says these new rules will allow banks to take money from depositors and pensioners globally. Brown explains, “It became rules we agreed to actually implement. There was no treaty, and Congress didn’t agree to all this. They use words so that it’s not obvious to tell what they have done, but what they did was say, basically, that we, the governments, are no longer going to be responsible for bailing out the big banks. These are about 30 international banks. So, you are going to have to save yourselves, and the way you are going to have to do it is by bailing in the money of your creditors. The largest class of creditors of any bank is the depositors.”
Global Deflationary Implosion Will Start Money Printing-Egon von Greyerz
By Greg Hunter’s USAWatchdog.com (Early Sunday Release)
Gold expert and money manager Egon von Greyerz says Japan is leading the parade to the bottom of the currency heap. Greyerz says, “Japan is printing unlimited amounts, and we can see that yen is leading the race to the bottom of the currencies. Gold in yen is now only 10% below the peak because printing is debasing the currency. That is what gold reflects. Gold just reflects the destruction of paper money. That’s happening in Japan, and it will happen in most other countries. (more…)
WNW 169-Race Distraction, USA #2, US/Russia Coming War?
By Greg Hunter’s USAWatchdog.com (12/5/14)
It seems the mainstream media (MSM) is determined to bombard us with the “hands up, don’t shoot” lie. Michael Brown was not gunned down with his hands up. Forensic evidence and eye witness testimony from a half dozen African Americans has disproven this, and it is indeed not a fact. It appears the MSM wants to develop a race problem in America. (more…)
3.9% GDP Nonsense-Dollar Turns Sharply Soon-John Williams
By Greg Hunter’s USAWatchdog.com
Economist John Williams is not buying the recent 3.9% GDP upward revision. Williams explains, “No one I know thinks we are growing at 3.9% other than they are trying to sell a bill of goods to the markets, specifically the currency markets. 3.9% is nonsense. You had 4.6% growth in the second quarter and 3.9% in the third. Here you had two quarters at close to 4%, and we have not seen anything like that since 2003. This is the strongest economy we have seen in 11 years, and I can tell you Main Street USA is not seeing that. . . . If you understate inflation, which the government does, you overstate inflation adjusted growth, and that is probably the biggest problem in the GDP report.”
Gold Selling for at least 50% over Spot in Asia-Rob Kirby
By Greg Hunter’s USAWatchdog.com (Early Sunday Release)
A few months ago, financial analyst Rob Kirby said the gold price was ready to go up. In the international market, where it is sold by the ton–it has. Kirby explains, “For large amounts of bullion in the Asian market, the pricing mechanism has completely and utterly divorced itself from the fraudulent paper prices that are being reflected in the exchanges in the Western world.
In the Asian market, if you could find . . . physical bullion . . . as cheap as spot plus 50%, you’d be doing really, really, really well . . . and you’d be hard pressed to find serious tonnage at that price in Asia.” (more…)
WNW 168-Ferguson Analysis, Iran Nuke Deal Stalled, Gold Repatriation
By Greg Hunter’s USAWatchdog.com (Friday 11.28.14)
I told you last week there would be no charges for the police officer who shot and killed Michael Brown, and no charges were brought. Of course, there was rioting and violence, and that seems to be what was wanted. The Governor of Missouri did not deploy the National Guard, and things got out of control. Was it done on purpose? One thing is for sure, this is NOT about race. (more…)
Gold is Kryptonite to the Dollar-Bill Holter
By Greg Hunter’s USAWatchdog.com
Financial writer Bill Holter says the players in the gold markets are fearful. Why? Holter says, “The GOFO rates, or gold forward rates, in London are negative. They should never be negative, and they are more negative now than any time since 2001. That shows extreme tightness in the metals market. To me, it shows mistrust. It shows that people are saying I want my gold now. I don’t want gold in the future, I want it now. Negative GOFO rates should never happen.” Holter also says that the COMEX market is what he calls “corner-able.”
Central Banks Absolutely Desperate-Dollar Terminal-Gregory Mannarino
By Greg Hunter’s USAWatchdog.com
Financial analyst Gregory Mannarino contends all the market rigging that has been reported in markets such as Forex, LIBOR, stocks and commodities is a way to prop up a system doomed to implode. Mannarino says, “It’s clear to me what the central banks are doing means they are absolutely desperate right now. (more…)
WNW 167: Obama Immigration Amnesty, Jerusalem Violence, Ferguson Mo Decision
By Greg Hunter’s USAWatchdog.com (11/21/14)
President Obama, who many are now calling emperor, has made millions of illegal aliens legal with the stroke of his pen. Some in Congress say the time is up and something had to be done, but that is not how our government works. Obama says he is within his power, while Republicans in the House and Senate say the Constitution clearly says he is not. Expect another flood of illegal immigration on the southern border. (more…)
Global Economy on Unquestionable Decline Leading to War-Gerald Celente
By Greg Hunter’s USAWatchdog.com
Top trends researcher Gerald Celente is forecasting a slowing global economy in 2015, and oil is a leading indicator. Celente explains, “It’s all in oil. We’ve been talking about oil prices since they peaked in June of this year. Now, you are seeing a 30% decline in Brent crude and West Texas (crude oil). This is big and it’s not a manipulated market. This is real. (more…)
Confusing a Bubble for a Genuine Recovery-Peter Schiff
By Greg Hunter’s USAWatchdog.com
Money manager Peter Schiff says don’t be fooled by the strong dollar or the so-called recovery. Schiff explains, “The biggest disconnect right now is between the real state of the U.S. economy and the fantasy land a lot of investors believe exists. Everybody is of the opinion that the Federal Reserve’s monetary policy worked. Because they did QE 1, 2 and 3 and kept interest rates at zero, the Federal Reserve saved the U.S. economy and they solved all the problems. Because the problems have been solved, we no longer need the Fed . . . and everything is fine. That is complete fantasy. (more…)
WNW 166-Obama Care Fraud, Middle East Mess, Russia Patrols US Gulf
By Greg Hunter’s USAWatchdog.com
It’s official. Obama Care is a series of enormous lies that were crafted by Democratic leaders. They all knew Obama Care was a lie, and they voted for the lies. Now, there are new revelations from one of its chief architects, MIT economics professor Jonathan Gruber, who was caught on video tape repeatedly explaining how the lies were formulated and why. (more…)
Outlook for Dollar Not Good-James Turk
By Greg Hunter’s USAWatchdog.com
Gold expert James Turk says the U.S. dollar is not going to stay strong. Turk contends, “Canada, one of the closest allies of America, just announced a Chinese trade arrangement to deal in Chinese yuan with Canadian dollars. That bypasses the U.S. dollar. So, the outlook for the U.S. dollar is not good, despite this temporary strength that we are seeing now. It’s not good and, to me, the writing is on the wall for the dollar.”