Putin Predicting US Dollar Collapse is Serious Warning – Catherine Austin Fitts
By Greg Hunter’s USAWatchdog.com
Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts thinks Vladimir Putin saying “the dollar is going to collapse soon” is a flashing warning for the U.S. dollar’s value in the not-so-distant future. Fitts explains, “What Putin is saying is the dollar is going into a steep decline, and what was interesting about his comment is he said ‘soon.’ . . . What is the ability of the U.S. military versus the Russian or Chinese military to defend the dollar’s position? That is intelligence that Putin has, and because Putin has this intelligence, people really stood up and I really stood up and took notice. If Putin has access to that intelligence, and I don’t, which is saying the dollar could go into a deep decline, we need to take a serious look at it. The dollar is clearly under pressure, and if you look at reserves, the central banks are buying gold and selling dollars, including the Russians and Chinese.”
Fitts also points out, “The dollar is holding, and yet, if you look at the price of household goods in America, where I live, it’s approximately 8% to 10% a year in prices of household goods (going up), and you can tell the money printing has been significant. If you look at what the Fed is doing in the repo market, we are really on the next QE. So, we’ve got a problem with currency debasement, and what Putin is saying is it’s going to go faster, a lot faster in 2020, and that is an issue I am looking at. . . . One of the scenarios I am looking at is the dollar declines significantly in 2020. . . . When you have real household inflation at 10% every year for the past five years, the dollar has really already taken a hit as are many fiat currencies around the world. . . . What has really supported the dollar is its huge market share both in trade and traditionally in reserves. . . . You need to withstand a scenario where in 2020, instead of getting 10% inflation, you need to withstand 20% or 25% inflation in real household goods. . . . I have been saying for many, many years the dollar is strong. This is the first time I started to see the potential for a crack in the armor. I think we have to be prepared for the potential for a more serious decline than we’ve been dealing with for the last five years.”
What adds to the uncertainty of the U.S. dollar is the “missing” $21 trillion that was discovered by Dr. Mark Skidmore and analyzed and recognized as a huge problem by Catherin Austin Fitts, publisher of the popular Solari Report. Also, analysis Fitts has done on the government making the “missing money” a “national security issue” with FASAB rule 56 (Federal Accounting Standards Advisory Board) makes the secret money a hidden horror the general public is totally unaware of. Fitts explains, “The dollar is under pressure because we have been talking about the ‘missing money’ and FASAB rule 56, and the dollar is not what it used to be. If you look at the integrity behind the dollar, it’s not there. If you read “The Real Game of Missing Money,” which we did this big article for investors to do due diligence, the arrangements behind the dollar and the Treasury market do not have integrity. The deceleration of the integrity of the dollar is very significant and serious. . . . You’ve got to be more resilient, and it’s not just finances, you’ve got to be more resilient in terms of safety. If we have this kind of breakdown with the rule of law with FASAB rule 56, it’s not going to take long before it breaks into your neighborhood.”
Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts, the publisher of The Solari Report found on Solari.com.
(To Donate to USAWatchdog.com Click Here) (This video was never monetized by YouTube so it must have important information you need to hear!! Enjoy!!)
After the Interview:
Catherine Austin Fitts has long advised clients that a “core position is always advisable if possible (in gold and silver).” Now, Fitts is saying, “As to investment – I believe gold and silver are likely to have a good year in 2019 and 2020.”
To help you with your precious metal investments, she is offering free advice by clicking here.
There is free information on Solari.com. You can also become a subscriber to original cutting edge analysis that will and give you a much better understanding of our complicated ever changing world. Click here to subscribe to The Solari Report.
To view all the #212020 posters (about the missing $21 trillion in “missing money”) click here.
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About the Author
Greg Hunter
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.
If I had a Dollar each time some Doomster predicted a Dollar collapse over the past several years I’d have a new Bertram 61 (which I’ll probably buy anyway as soon as my Gold shorts explode in value). You guys need to understand keynesian economics and dynamic currency systems to understand that the Dollar will be King well into the next century. Hope y’all have a nice Thanksgiving. I’ll be feasting on all the wonderful food my US Dollars bought me and afterwards we’ll be relaxing with a few bottles of Domaine de la Romanee-Conti La Tache Grand Cru 2014. I may even take a quick ride to St Maarten on my friend’s Ferretti 780! Cheers!
You do know no one takes you seriously…..right? Or is the obtuseness strong with you?
Gold is a sapling, silver is an acorn. Bury some acorns.
Stan, tell us what happened to your investments in 2008-2009. You won’t do that, though, will you…
Sue: I made a ton of money during that time period.
Well I know I do not take you seriously either Mike Mc.
Stan! Did you have something to do with this!?
Senior Ex-Deutsche Bank Exec Linked To Millions In Donald Trump Loans Commits Suicide
https://www.zerohedge.com/markets/senior-deutsche-bank-exec-linked-millions-donald-trump-loans-commits-suicide
Sorry he is right
Deutsche Bank will rocket higher in 2020
Stan,
You’ve been long since $9 or $10 a share–Right?? How did that work out??
Greg
I agree. Armstrong says that The USD is being driven by the capital flows escaping Europe into safe haven USD and The Sharemarket.
Steve,
In all fairness, does Armstrong acknowledge the “missing” $21 trillion? This is a proven academic fact. I repeat, this is NOT a theory but a stone cold fact which was tacitly acknowledged by creation of FASAB rule 56. (The government can simply cook the books in layman’s terms.)
Greg
Greg – I think that our government has been cooking the books for a long, long, time … they just happened to get caught by CAF. The 21 trillion is just a portion of it. Plus how bad are the books being cooked in the EU, China, Australia, etc? I bet a whole hell of lot! It is all a ponzi scheme! A great take: Some big risky banks (Who?) get repo loans a 1%, where all of us pore shmucks get loans from these banks (credit cards) at 17%. What a f#$ing scam!
I agree “Free”!!
Greg
Gidyup, Bertram! Don’t let Bentley get to the oats first!
sk,
Thank you for a good laugh.
“Even God cannot sink the Titanic “
Russia has an economy the size of Canada and China has a fake economy so it will take years before the shift to Asia happens. I’m a big believer in Armstrong economics and I’m looking forward for Greg to bring him back on. Look for 3 to 4 years before the bottom to drops out of the dollar. Meanwhile the advice they give on this site will happen so it’s a good time to buy the metals right now.
Mr. Hunter:
Brilliant interview!
Happy Thanksgiving.
Happy Thanksgiving! Yes, we should give THANKS to Greg and his guests for their tireless work to expose the truth! Thank you Catherine Austin Fitts! Wow, what an interview!! Amazing way of analyzing FASAB 56 and how it impacts finances and our “rule of law.” Thank you both! God bless! Keep up the great work!
Thanks Mr Hunter and Dr Austin Fitts,a strong suggestion from Mr Gertz and Mr Kyle Bass have both strongly pointed to China being the recipient of pension investment money.Your very own money will be used,aided by Wall Street, to slaughter your own people and society.This nastiness is what the commies in the bureaucracy wish to hide with their deception and the City of London hypothecation and re-hypothecation of your pension funds.
Here in the UK our economy sucks and the commies in the bureaucracy are itching to destroy business and like you in the USA crime pays very well.
Happy Thanks Giving to all the wonderful seekers of TRUTH in the USA,here at Greg Hunter’s USA WATCHDOG.
Greg, as CAF said, keep nailing the bad guys, and have a Happy Thanksgiving.
“A long long time ago the Pilgrims came here to America…
They wore funny clothes and made friends with the local Indians….
They had guns called muskets and they liked to shoot big feathered birds….
It’s Turkey time, it’s time to dine, for one and all in America.
It’s turkey time, it’s time to dine, on this Thanksgiving day.”
Everybody sing along….
Maybe Greg can sing it for us on the Friday wrap up.
Train up
Stock up
Ammo up
Courage up
Get ready
Something wicked, this way, comes.
Catherine Austin Fitts provides the true “Bottom Line”: Do we stand up and be human … or do we act exactly like the criminal Mafioso gangs (who are a sub-human species) that have taken over our Nation … should we rob, steal, murder and go to war for money like the sub-humans?? … or do we try to claim the “Common Law Right of Offset” and peacefully demand back the $21 Trillion the sub-humans have stolen from us? … the problem is … sub-human criminals don’t willingly let go of the money they stole … so do we take up arms and fight these Mafia crooks on the streets of our Nation with machine guns “like sub-humans” to show them who is Boss (like back in the 1930’s when one Mafia gang rubbed out another Mafia gang)? … to retain our humanity and still destroy the Deep “dark” State (that has recently passed FASB 56 to keep their stealing secret) … we must take away their power by making what they love the most (their money) “worthless”!! … we can do this by buying “real money” with the fake fiat paper the crooks use as money … luckily we can still do it “on the cheap” (because the greedy sub-human murderers “are keeping the price of gold low” thinking it will help to strengthen their fake fiat paper dollars … but everyone knows their “strong dollar” has already gone from 100 cents to 2 cents … to completely destroy the criminal sub-humans power base … we must reject their fake fiat paper and make it completely worthless by buying “real” money (gold) … just like Putin … who probably saw the “true value ” of gold listed in the US National Debt Clock go “In Just 10 Days” – from $7629 on Nov 13, 2019 … to $8671 on Nov 24, 2019 – and rightly stated: “the US dollar is going to fall soon” … so the sub-human criminals who used the dollar as a weapon “have in actually shot themselves in the foot” … as the dollar falls it will become harder and harder for the Mafioso murdering parasites located in every Town, City and State of our Nation to say: “The US dollar is Strong” … and they will loss their “commie” control over our economy with the derivatives of every kind they have created … by rejecting “what they love the most” their fake fiat becomes more worthless … and gold moving higher then the manipulated price of $1450 (to its real price of $8671 dollars per ounce) … will take away the power of the sub-human criminal murdering Mafioso parasites infecting our Nation … as the dollar is their Achilles heel!!!
Sadly … there is still a possibility “the human way” of destroying the Mafioso parisites infecting our Nation won’t work … which means we may have to “temporarily become sub-human” and shoot the parasites on sight right on the streets the same way the Mafioso’s did it back in the 1930’s … https://www.zerohedge.com/political/gun-sales-surge-october-2020-dems-unveil-gun-control-proposals … the greedy Demon criminal parasites know this is “a possibility” and so they are preemptively moving to take away our guns!!
well said Paul I was thinking the same exact thoughts. Only question now is Civil War or Iran War which comes first. Debka file seems to think war is imminent . Americans are amazing people, but who the hell are these current crop of politics dividing our country and the mindless clueless young. Remember they voted Obama in twice, he was hands down the worst president ever. Also 21 trillion has already disappeared down the black hole and trying to find that is like trying to prove Epstein didn’t commit suicide, it will go only in circles. So???? get ready for war, cause it is surely coming.
“Remember they voted Obama in twice, he was hands down the worst president ever.”
The rest are no better they elected Bush twice, three times if you count his daddy.
I am in general agreement with the guest as to world economic imbalance, but I believe she is leaving something out when she talks about inflation: First is that improvements in quality of products is not being factored in. I purchased a new computer last January for $650 and it is the best computer I ever owned and at about a third of the price I used to pay for a far inferior product. Second is that new technology and purchasing methods are not being factored in. In the goods I buy I see no inflation. I buy everything I use online from small family owned businesses. There are constant special deals and price offerings. My wife is a shopper to the extreme but she doesn’t buy anything unless it is 75% off. I have a closet full of shirts and pants that retail for $50 to $75 each that she purchased for $10 to $15. If you walk into a store and pay retail maybe Mrs. Fitts has a point but who does that?
1) When considering inflation you mentioned clothing and computers/technology.
What about education, medical/healthcare, rent, financial assets, transport costs? All of which have skyrocketed. I fail to see how changing your purchasing methods will decrease the costs of these items/services. Buy two degrees for the price of one? Loyalty card points for every medical procedure you pay for? Can I rent a room using Amazon?
2) You do not have to be particularly observant to notice that the price of food has gone up as the package sizes have decreased. Green and Blacks chocolate used to be sold in 100g bars and are now 90gs. Has the price decreased 10%? NO!!! Ditto Cadbury’s.
3) Citing special deals is not evidence of price stability. They used to have special offers in the 90s as well you know. The fact is that special offers in the 90s would have yielded more food for a lower price.
One possible exception might be if fracking has lowered natural gas prices in America. Even this though is an illusion as fracking is subsidised by unsustainable debt levels. So although consumer prices might be lower, oil and gas produced by fracking is being sold at a loss, so it is not actually cheaper.
uncommon sense,
You are mistaken about some of what you said. See my comment below about rent, education, food costs etc… which have not skyrocketed. And healthcare cost for most people who get it through an employer or from the government have increased only about 5% to 6% annual.
https://fm-static.cnbc.com/awsmedia/chart/2019/09/25/image%20(3).1566239610216.1569438339111.png
As far as the sizes of cans or packages go, yes some have decreased over the years and so too the quality, but some have not. Many of the food items that I buy have hardly changed in price, they are still the same size and the quality is the same. I know that some restaurants have gone to cheaper quality food to avoid raising prices. However some restaurants still have the same quality food and have only raised their prices slightly.
Sorry but the link that I gave above showing healthcare cost for someone with insurance through an employer does not paste correctly. Here is another link showing the same graph.
https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAHT0Eg.img
I am in agreement with what you have said Mr. Jones. You are correct that certain items have come down in price over the years or have gone up very little while at the same time the quality has been improved, but there have also been some items where the quality has actually declined which is also not factored in. However inflation is still overstated by the ALT media. They make it sound as if the inflation rate is 9% or 10% for the average person when in reality it is much less. I feel bad for the minority of people like CAF who’s personal rate of inflation rate may be between 8% to 10 % per year for the last 5 or 10 years but the fact is the average person’s is more like around 5% or 6%. Nationwide over the last 5 or 10 years, the cost of the vast majority of things like energy, homes prices, rents, autos, electronics, college tuition, nursing home cost, apparel, and even most food items have not gone up any where close to 8% to 10% per year. More like 3% or 4% average per year as seen from the data below.
Gasoline prices:
https://www.eia.gov/todayinenergy/images/2018.05.25/main.png
National Average Rent Drops For First Time In 2 Years As US Property Market Sags
https://www.zerohedge.com/markets/national-average-apartment-rent-drops-1st-time-2-years-us-property-market-sags
Thanksgiving Dinner Cost Rises 1st Time in 4 Years (by only 1 penny)
https://www.bauerfinancial.com/2019/11/22/thanksgiving-dinner-cost-rises-1st-time-in-4-years/
A Decade of Grocery Prices for 30 Common Items
https://www.visualcapitalist.com/decade-grocery-prices/
Average Cost Of College
https://res.cloudinary.com/value-penguin/image/upload/c_limit,dpr_1.0,f_auto,h_1600,q_auto,w_1600/v1/AverageCostofCollegeHist_azhzrx
What Does A Nursing Home Cost?
https://www.retirementliving.com/what-does-a-nursing-home-cost
There are only a few things that I found have gone up significantly over the past 5 or 10 years nationwide. The main one is healthcare. Fortunately about 80% of the people get insurance through an employer or from the government so much of their healthcare cost is paid for.
https://fm-static.cnbc.com/awsmedia/chart/2019/09/25/image%20(3).1566239610216.1569438339111.png
The other 20% either buy healthcare insurance on their own or go without any. Needless to say they are paying a lot more out of pocket for their healthcare than the average person.
So while most American’s rate of inflation is around 5% or 6% there are some people who’s personal rate of inflation is 10% or even higher especially if they live in a area that has high inflation such as in some of the big cities, like New York or Los Angeles, or if they have to foot the bill for all of their healthcare needs.
And for people who like to quote the inflation number from the Chapwood Index, the problem is that it is comprised mostly of white upper income people living in large cities. This is not a real good representation of the average American.
Sorry but the link that I gave above showing healthcare cost for someone with insurance through an employer does not paste correctly. Here is another link showing the same graph.
https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAHT0Eg.img
Mistaken? I am based in the UK so perhaps my experiences are with the Brexit pound which has been weaker than the dollar over the last few years. However, I was under the impression healthcare costs had gone up a lot over the last ten years. Americans were constantly complaining about how health care insurance was unaffordable. I can assure you that in the UK the cost of a degree has gone from being free to costing over £9,000 a year. If you look carefully your comment actually contradicts AE Jones to some degree as this poster appears to see no inflation whereas you acknowledge that there is some significant level of inflation (you stated 5-6%). It doesn’t matter who pays for healthcare. It is still increasing whether the employer pays or you pay. It is still inflation. A lot of your examples talk about inflation over the last few years. If you look at the last ten years the trend will be clearer. I already mentioned lower energy prices. All sensible analysis recognises that fracking oil and gas is much more expensive than the consumer recognises as it is sold at a loss. That is why the fracking companies are in trouble. Try to look at inflation in broader terms than just the price the consumer pays.
uncommon sense,
Sorry but I did not know you lived in the UK. Yes, healthcare cost has gone up a lot in the U.S. but most of it is paid for if you have insurance through an employer or if you get Medicaid or Medicare through the government, which about 80% of Americans do. In fact it is about the only thing nationwide that most people use that seems to have gone up significantly in the last 10 years.
And no, I DO believe that it does matter who pays for it. True, it is inflation but only what each individual pays for their healthcare should be counted when they state their own personal inflation rate AND also only what the average person pays should be counted towards the Consumer Price Index (CPI). For most people, their own personal rate of inflation should be much less than the reported 9.5% inflation rate by ShadowStats, especially seeing that almost everything nationwide has only gone up on average about 5% per year. If John Williams is taking the whole cost of healthcare and is including it in his inflation rate calculations, even though most people do not pay the full cost, then I can see why he says that the inflation rate is currently 9.5% in the U.S., even though for most people it is much less.
Like I said, I believe that only what the average consumer pays for healthcare should be included in the CPI. The CPI measures the average change in prices over time that consumers pay for a basket of goods and services. And who is considered a consumer? All the definitions that I read say it is what the typical American wage earner or what people pay. Even the Bureau Of Labor Statistic (BL) says that the CPI consists of Urban Wage Earners and Clerical Workers (CPI-W). So it should be only what the average person actually PAYS for their healthcare. And from what I read the CPI does not include people in non-metro or rural populations which means that about 20% of the population (60 million people) are not even counted. So just how accurate is the governments CPI or even ShadowStats alternate CPI? The governments CPI is obviously too low while ShadowStats alternate CPI sure seems to be too high. That is if you compare them to what the average persons own rate of inflation is.
And if you look carefully, my comment about the average person’s inflation rate being around 5% or 6% actually does not contradict A.E. Jones at all. He states the HE sees no inflation with what HE buys and explains why. I can believe that. I can almost say the same thing. My own personal rate of inflation is only about 3% per year over the last 10 years. It is even less over the last 5 years for the things that I buy. My health insurance premium, which I get though my employer and is with a good insurance company, has been unchanged for the last 6 years at only $20 a month and it has only a $500 deductible. My property taxes, car insurance, homeowners insurance have hardly changed. The same with the food that I buy on a regular basis. And the quality of the food or the size has not changed for most of the items. Energy costs have been stable. I do not have a television so I do not have to worry about cable cost going up. But I know that I am not like the average American and neither is A.E. Jones from how it sounds.
You said, “A lot of your examples talk about inflation over the last few years. If you look at the last ten years the trend will be clearer.” Actually most of them do look at the last ten years and the trend is clear.
Your argument of low/no inflation is littered with holes. The most glaring one that exposures you flawed economic analysis is your insistence that since most people’s health care is paid for by their employer, thus no inflation to them.
Employer paid healthcare insurance is a form of compensation. It’s part of the total cost of employment to the employer. Employees pay for it via reduced wage income. You can shift the nickels around anyway you want but there is only 20 of them. So yes, they are paying for it.
Mike Mc,
Sorry but your comments are just silly. I said nothing about there being no inflation for those that get healthcare insurance through their employer. Their inflation rate consists of how much they pay for their share of the insurance premium and what their out-of-pocket expenses that the insurance does not pay just like those who buy health insurance on their own.
You said, “Employer paid healthcare insurance is a form of compensation.” Wrong. It is not a form of compensation. It is a benefit just like vacation pay, holiday pay, 401(K) and pension plans, dental, life and disability insurance etc….
Next you said, “It’s part of the total cost of employment to the employer”. Yes, healthcare insurance is EMPLOYER paid, not employee paid. It a cost of doing business to the EMPLOYER just like many other things including other employee benefits and even the employer’s part of Social Security.
What we get in wages, compensation and benefits has nothing to do with what you or I spend personally on goods and services which is what makes up the CPI. So no silly, only what someone pays for healthcare themselves counts towards their personal rate of inflation. So for those that get healthcare insurance through an employer, it is only the part of the insurance premium that they pay and what they pay for out-of-pocket expenses.
And what about the 100 million who get insurance from Medicare and Medicaid? How do you want to add that to their personal rate of inflation? I guess you would somehow want to also add other government benefits like food stamps and unemployment compensation to someone’s personal rate of inflation.
Mike Mc,
Also I made no argument of low/no inflation. That is unless you think that 5% or 6% annual inflation is low/no inflation.
With all respects A.E Jones Junior your wife is just a consumer your looking for inflation in the wrong places of course there is no inflation is shit you don’t need .
But my home and car insurance is 40 percent more than it was 2 years ago so is my son’s rent also MR A.E.Junior how’s your medical insurance what about the stock market, I’m doing awsome on my portfolio 100 percent here 120 percent there oh yah by the way my house is up 400 percent since I purchased
No inflation eh lol sure whatever
At least you have a closet full of shirts you saved 75 percent on
BOLOGNA,
Your said that your home and car insurance went up 40% in the last 2 years? Why did your car insurance go up so much? Did you have an accident? Get several traffic tickets? Buy a new car? Add a second car to your auto insurance? Include a teen driver on your policy? Did your credit rating go down a lot? Did your insurance company have a lot of claims which caused them to do a general rate increase for everyone? All of these will certainly increase your auto insurance premium. You said that the value of your house is up 400 percent since you purchased it so it is not surprising that your homeowners insurance is going to increase over time and may be even in a short period of time if you added a garage or more rooms. Nationwide, the average person’s insurance went up no where near what yours did. My own home and car insurance hardly went up at all. Same home. Same car. Same insurance.
As far a your son’s rent, nationally the average rent has only gone up about 3% to 4% per year so obviously your son either rented a more expensive place, moved to a large expensive city like New York or he is a moron to let a landlord charge way more than what the average price is in his area.
https://www.zerohedge.com/markets/national-average-apartment-rent-drops-1st-time-2-years-us-property-market-sags
As far as medical insurance, about 80% of Americans pay only a small percentage of the premium for insurance. That is because they get their insurance through their employer or from the government. Also most of their out-of-pocket expenses are covered just like any insurance does.
https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAHT0Eg.img
And what about the stock market you ask? Well the Consumer Price Index (CPI) measures the average change in prices over time that consumers pay for a basket of goods and services. The stock market going up has nothing to do with the CPI.
If all that you say is true then you are not like the average American.
Great back to back interviews!!!!!
Sorry, but I think you are confusing “inflation” with dollar devaluation to some extent or ignoring dollar devaluation all together. Inflation in my view is not an increase in prices as much as it is a devaluation of the dollar. Your theory contradicts or ignore the supply/demand theory. If demand increases price goes up. When supply catches up prices come back down. There are two sides to this issue. Inflation is built into the system by design and with adding money printing it just gets worse. You can’t ignore these factors.
Greg,
If you have a chance please interview Dr. Steven Leeb, he is the author of Red Alert.
He has different point of view on China.
here is his interview on King world news.
https://kingworldnews.com/dr-stephen-leeb-ignore-gold-silver-pullback-because-historic-moves-are-ahead/
I am going to talk our “book”! Anyone inside God’s “book” has more inside info than Putin! Once one reads the “Revelation” at the end of His book they should realize that Father is going to burn “Mystery Babylon” to the ground within the very near future:
Revelation 18:14-18 And the fruits which thy soul lusted after are gone from thee, and all things that were dainty and sumptuous are perished from thee, and men shall find them no more at all. (15) The merchants of these things, who were made rich by her, shall stand afar off for the fear of her torment, weeping and mourning; (16) saying, Woe, woe, the great city, she that was arrayed in fine linen and purple and scarlet, and decked with gold and precious stone and pearl! (17) for in one hour so great riches is made desolate. And every shipmaster, and every one that saileth any whither, and mariners, and as many as gain their living by sea, stood afar off, (18) and cried out as they looked upon the smoke of her burning, saying, What city is like the great city?
The city of “Babylon” ruled the empire also called “Babylon” through her purse strings. God’s book was written so that types and shadows would continue to prophesy the future on a greater scale until the world is engulfed in these last days! There is only one nation that exports her wealth all over the globe through “mariners”, “ship masters”, and “merchants” that also controls the entire world through its financial system and war machine!
The 21 trillion is never coming back because Father is allowing the corruption to prove who will chose to come out of Babylon through 7 years of tribulation:
Revelation 18:4 And I heard another voice from heaven, saying, Come forth, my people, out of her, that ye have no fellowship with her sins, and that ye receive not of her plagues:
Before He burns first the head and then draws the body of this serpent to the valley of Har-Magedon during the “day of the Lord” after the 7 years of tribulation:
Revelation 16:15-16 (Behold, I come as a thief. Blessed is he that watcheth, and keepeth his garments, lest he walk naked, and they see his shame.) (16) And they gathered them together into the place which is called in Hebrew Har-Magedon.
Please do not fall for satan’s lie of a pretrib rapture for the church must suffer tribulation to purify it from all the tares within:
https://sumofthyword.com/2016/10/04/the-rapture-of-the-church-is-after-the-tribulation/
Greg,
I know we’ve been talking about an economic collapse time line for years, but I can’t recall ever having repos and zero percent interest rates at the same time.
https://www.wsj.com/articles/new-york-fed-adds-92-7-billion-to-markets-11574779678
How can you have the lack of liquidity at the same time money is being borrowed at such a low rate? When I first built a home in 1984 I paid 12.5% interest with a 20% downstroke. Banks were tight in their lending, and you had to have hard assets to even get a loan. In my case I owned the land I was going to build a house on, and I had several thousand dollars in cash to use as a down payment.
What it tells me is, money is going out faster than it’s going in, and without the repos, they would default on their payments creating a seizure. You want a timeline? How about when the repos end? Greg, I honestly don’t see a way out of this without some type of default or bail-in. Quantitative easing is no longer working, and the banks can’t borrow any more money. The repos are the last line of defense…..period.
Talk about bad timing?
https://www.zerohedge.com/economics/20-trillion-problem-more-half-chinas-banks-fail-pboc-stress-test
I guess the Chinese won’t be lending us anymore money? I also guess that the Deutsche bank buyout is no longer on the table with China. Like Bill Holter said…..it’s a race to the bottom.
Jerry, you are correct. At some point there will be a big bank failure or several failures which will include at least some form of a bail-in and probably some kind of bailout though they may call it something else. When and which bank or banks is still to be determined but I do not think that the whole banking system will shutdown (at least not longer than a day) and that all stock markets will close like Bill Holter believes might happen.
It is not a coincidence that your poll on the economy indicates an 8% strong vote, an 11% stable vote and the rest for sinking. Just like the asset distribution, with the top 10%’ers living the dream and most of us having a nightmare. Putin says soon? Oh boy, here we go, I bet the Loonies on the Left are going to blame the Russians for tampering with the US economy too, eh?.
The accounting practices in the US is now more focused that there could be much more unaccounted for which means that spending unabated without accountability has been happening and the books are cooked and mean nothing can be taken seriously with the US dollar.
Happy Thanksgiving Greg. Much success to you and yours.
The way I see all of this is that President Trump wants a weak dollar for competition. The Dollar is strong RELATIVE to all other fiat currencies, which doesn’t say much.
It’s all a CONfidence game and the CON is just about up, and Putin is shining the light on the matter.
EXCELLENT INTERVIEW GREG! THANK YOU
I see a GHN (Greg Hunter News) Channel coming soon to fill the vast VOID the Enemy Media has left.
SHalom Greg,
Well, it is about time. I having been for CAF for 2 months. Hope you and Yours have a safe, Happy Thanksgiving.
Lo Iyrah!
SHalom,
CC
Get The The Real USAWatchdog type Skinny!
https://www.youtube.com/watch?v=qeU_Gj_cEO0
Thursday we Americans celebrate Thanks Giving!
Now You Know The Rest Of the Story!
I just read that here in S.C Rep. Stewart Jones filed House Bill 4678 on Nov. 20 . This bill would make gold and silver legal trade tender . You would be able to pay your taxes to our state in gold and silver coins . Both foreign and U.S. coins could be used as legal tender. It sounds good but I am 75 years young and somehow it makes me feel uneasy . What is your take on this Mr. Hunter ?
WOW! BAMM! BOOM! What a great interview you two! Chip
Thank You Greg for allowing Kathrine to speak her mind and not vying for control of the interview. Her clarification of FASAB rule 56 was extremely alarming in light of it’s elimination of the constitution [concerning the powers designated to congress]; or, as she says, the elimination of government. Effectively; they have also eliminated politicians; and as appealing as that sounds I do not have the faith she does in a political body’s ability to stop the deep state. Didn’t Trump and Congress unanimously pass FASAB rule 56 during the Kavanaugh hearings? Is’t it interesting how man kind designs his own demise
For the Lord knows and is fully acquainted with the way of the righteous , but the way of the ungodly [those living outside of God’s will] shall perish [end in ruin and come to nought]. Psalm 1:6
Germans need to know about USA Watchdog because fake news is spreading worldwide.
“According to an Infratest poll, 38 percent of Germans consider the media politically driven and 33 percent consider the media unbelievable. Despite the fact that the mainstream media keeps attacking Trump because he has called them “Fake News,” there is a growing discontent with news overall. Governments are manipulating the news and sites like Wikipedia to control the beliefs of the people to maintain the power that is beginning to slip through their fingers.”
https://www.armstrongeconomics.com/world-news/press/fake-news-is-spreading-worldwide/
When will people ever learn that government is the biggest rip-off there is?
Yet people reflexively turn to government to solve all of society’s ills.
As a result government gets bigger, more powerful and of course, more corrupt.
As far as pensions go, the vast majority of people getting pensions these days are ex-government employees. And most of these people get 70 to over 90% of their highest year’s salary for life and when they die their spouse gets the pension. I know some people getting over 100% of their highest years salary.
These government pensions are bankrupting the country. Where I live we are going to get another sales tax increase to pay for them but it won’t be enough so the city will use revenue from the sales tax increase to float hundreds of millions in new bonds adding to its crushing debt.
If we ever do get the $21 trillion back (and don’t hold your breath, it’s all gone) it should NOT go to bailout these obscene government pensions!
Greg: first of all may you and your family and all true patriots who post here have a very happy Thanksgiving.
CAF is spot on in analyzing Putin. I’ve always maintained that the demonization of Putin and Russia is a prime example of disinformation propaganda. Putin is a Nationalist and a devout Christian and like Trump is trying to maintain his country’s sovereignty while being beset on all sides by treasonous oligarchs; his version of the deep state. The Russian debt to GDP is among the lowest, if not THE lowest, among industrial nations. The lies told by the MSM regarding the invasion of Ukraine and Crimea have been soundly refuted by true investigative journalists such as Escobar and Hersh. Putin’s greatest accomplishment is the removal of the Soros NGOs as a fifth column and the defenestration of the Rothschild cabal. We should be so lucky.
‘What is the ability of the U.S. military versus the Russian or Chinese military to defend the dollar’s position?
Answer:
Realistically, aside from igniting a WWIII scenario? None.
For a man of generally measured and carefully chosen words, Putin’s remarks says he knows something, and he knows it well enough to be confident.
The questions which remain are, is this ‘confidence’ a result of strategic alliances built with China and other nations around an economic platform that has gold and Blockchain at its core, or is it a confidence that the U.S. is set to implode internally, without any ‘help’ from outside trading nations…?
Greg,
Catherine has often described our ongoing economic “crisis“ as a slow burn. It seems as if she may be implying that the slow burn is speeding up. Assuming, on a scale of 1– 10, a slow burn is a 1 or 2, where would you say she thinks we are now and on what general timeline is that based?
You are correct George and Fitts has said this as well.
Greg
I’m thankful there are honest people who want stop the massive corruption here in the United States.
Happy Thanksgiving to USA watchdog posters.
Happy Thanksgiving Greg Hunter and Catherine Austin Fitts. You are our Warriors for truth.
[This query is repeated and added to from a previous comment. I repost the comment because I am hoping that someone may discuss this.]
I have a couple of questions:
1) Is the 1.5% [on repo loans] an annualized rate or …?
2) New money is created with loans under normal circumstances (Modern Money Mechanics- Chicago Federal Reserve Board info doc; and http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q102.pdf )
So this question is: Is new money created with each repo transaction? If so, is the money destroyed or retained in the “system” when the repo loan is repaid?
[ below is added]
The significance or implication of the second question is that if the money repaid from repo loans is destroyed, how is the money supply affected? But if is not destroyed, it does continue and exists somewhere as a deposit in somebody’s account, right?
I would truly appreciate knowledgeable discussion on this topic.
Hey Greg,
An article by Julia Magas re: USD/BRICS SWIFT alternatives came to light in a post yesterday that goes into some details of 11/14 meeting between countries developing blockchain workaround dollar dominance & sanctions…
https://cointelegraph.com/news/brics-nations-discuss-shared-crypto-to-break-away-from-usd-and-swift
Happy Thanksgiving!
FASB is an acronym for Financial Accounting Standards Board. Ms. Fitts misspoke stating it was the Federal Accounting Standards Advisory Board. She should know better.
No Dave, Fitts did not get this wrong. FASB that you are naming is for private accounting. FASAB is federal: https://fasab.gov/
Greg
Then I wish she would say it right. Fah suh bee for FASAB and Fas bee for FASB. It is confusing when that second A is left out.
Happy Thanksgiving Steve. Do you still have your Christian T shirt website? If you do, please post a link for Christmas shopping. Goot to hear from you!!
Greg
WE ATE OUR DESSERT FIRST
The people whom inflation hurts the most are the average working Americans, particularly in service sector and retail/restaurant employment. These lower skilled positions and jobs have minimal leverage to get higher wages, especially when the employers or companies themselves are also struggling with higher input costs and competition.
One good example is the nearby grocery store (chain). Sure its union for the rank & file but still, they had to give concessions the last time they had a strike. For the most part, many of them are part time and struggle with rising rent and other costs, especially in California. Its even true for the Store Manager, who’s bills exceed his income. About the only solution is more hours and often as not, this necessitates a second part time job.
About the only people that come out even or a bit ahead are the high income or older Upper Middle Class with little mortgage debt and substantial financial assets in the stock market. Not owing money on your home mortgage is a big advantage. Otherwise, keeping ahead of today’s inflation is a constant struggle and more and more are downsizing over time. No frills living. Slavelandia.
I don’t see the U.S. Dollar going into a rapid free fall in the current global environment. I doubt Putin’s actual intelligence or ability to make accurate forecasts. Putin is just saying his economic intentions and aspirations. This is also the view of Economist Martin A. Armstrong, who sees Europe’s hopeless financial situation resulting in even more capital flight into the United States, boosting our stock markets and dollar at the same time, relative to the Euro and the Yuan as has already been the case.
The Chinese and Europeans are both said to be developing their own digital currencies which will make banknotes obsolete and international trade accounts will be settled more efficiently when this global digital currency system is adopted in a few years. The U.S. will be the last to go digital but in due time we really have little alternative. So, when the “reset” comes to a cashless, blockchain based monetary system then that is when the dollar may take a big hit (be devalued). So, I agree in the end we are all on “borrowed time”.
If the U.S. Dollar takes a dump, then everyone’s standard of living will go down correspondingly. Yes, inflation is likely to accelerate in the next few years, as well. Cost push inflation of inputs and raw materials, including food will squeeze consumers and slow down the economy a bit. Unemployment will continue to grow as A.I. replaces workers in routine or low skilled jobs. Already high fiscal debts at the state and Federal levels and low interest rates will limit future policy responses to any financial shock inflation may cause. Stock markets will fall if interest rates start to trend up and stagflation may set-in once again after a 40 year hiatus.
Millineals and baby boomer retirees alike face a life of austerity if this is our collective fate. Everybody should have known the party can not last forever without real productivity improvements. The intervening economic and financial adjustments will be difficult for the majority and could even trigger greater civil unrest and political extremism ( more California-style socialism).
Its all the inevitable consequence of years (decades) of political corruption, cronyism, and incompetent voters who don’t have much idea what is really going-on. America has been ‘resting on its laurels’ for too many decades. We have financially engineered a global economic house of cards. Nobody feels secure or optimistic about it in recent years unless they are completely ignorant of the facts. Regardless of the future, Life must and will continue to go on. It just may become harder to get-by post reset.
Happy Thanksgiving H.Craig
Ben Franklin is quoted as saying:
Beer is proof that God loves us.
I say:
The fact that there is still some truth on the earth
is proof that God loves us.
There is hope.
Happy Thanksgiving, iwitness02.
Thank you Diane, and Happy Thanksgiving to you and yours.
Happy Thanksgiving to all the Watchdoggers!
If snow had any monetary value, I would be richer than Stan!
By at least a gazillion Bidenbucks.
” If you look at the integrity behind the dollar, it’s not there.”
Both Republicans (Rhinos) & Democrats alike kicking the can just to get reelected year after year finally reached a boiling point in Nov. 2016 when voters overwhelmingly rejected all career politicians in-mass. They will do likewise again in Nov. 2020 when President Trump is reelected. The problem is throwing out the bums does not nullify all the systemic govt. corruption and insider dealing so typical of the”deep state”. The Congressional faux impeachment inquiry hearings will just further divide the American electorate into blue and red coalitions and regions. It may get ugly.
More discontent (trouble) is coming to America. However, I don’t see a visible breakdown in the rule of law at this stage of the cycle. Certainly not in the better or well established suburbs so-far- Maybe later-on . Sporadic urban riots or mayhem is always a possibility with ongoing street organizing by Leftists & radicals who can organize a ‘Facebook riot’ at will. These are leaderless disturbances. Its part of their playbook and its happening in countries all around the world. Global unrest is growing in the West and in Latin America.
I’m re-posting my comments as they are relevant to this USA Watchdog episode about Vladimir Putin.
The links in this series of posts are: Lucifer -> Karl Marx -> Communism -> Globalism.
Vladimir Putin’s True Colors.
It looks like the Russian Orthodox Church also got infiltrated by the Communists.
Greg, you’ve interviewed Alex Newman several times.
______________________________________________________
Tuesday, 16 January 2018
Communism “Very Similar” to Christianity, Putin Claims
Written by Alex Newman
The communist ideology responsible for the slaughter of more than 100 million people and the enslavement of billions over the last century is “very similar” to Christianity, claimed Russian strongman Vladimir Putin. The bizarre remarks, first reported by Kremlin-backed broadcaster RT, also suggested that the ideology of communism could be found throughout the Bible — an idea ridiculed by mainstream Christian theologians who view the murderous “ideology” as practically the antithesis of biblical morality. Finally, Putin likened mass-murdering dictator Vladimir Lenin’s dead body lying in Moscow’s Red Square to the veneration of Christian saints…
…That hijacking extends all the way to the Russian Orthodox Church’s present-day leadership. In 2009, Vladimir Mikhailovich Gundyaev, known today as Metropolitan Kirill, was chosen to serve as the “Patriarch of Moscow and All Russia,” the highest position of authority in the Russian Orthodox Church. Metropolitan Kirill took over after the death of Patriarch Alexy II, who led the ROC from 1990. Prior to his post at the head of the ROC, he was a longtime KGB agent code-named Drozdov, or “Blackbird.” All three of the candidates to replace Alexy II were also reliably identified as agents of the KGB/FSB, including Metropolitan Kirill, who ultimately got the job.
“According to material from the Soviet archives, Kirill was a KGB agent (as was Alexei),” explained Russia expert David Satter, a former Moscow correspondent for the Financial Times and the Wall Street Journal, in a 2009 article for Forbes. “This means he was more than just an informer, of whom there were millions in the Soviet Union. He was an active officer of the organization. Neither Kirill nor Alexei ever acknowledged or apologized for their ties with the security agencies.” With Putin and Kirill both tracing their careers back to the murderous KGB, their public affinity for each other should hardly be considered surprising…
…Of course, it is not the first time Putin has made similar comments. In early 2016, the Russian leader claimed the “Moral Code of the Builder of Communism,” a dozen rules for Communist Party members that includes “intolerance to the enemies of communism,” were “wonderful ideas” that resemble the Bible in many ways. While he acknowledged that the actual implementation of the “wonderful ideas” was not exactly what had been promised, he expressed nostalgia for the Soviet days, revealing that he still kept his Communist Party membership card at home. Putin also described the apparent collapse of communism as “the greatest geopolitical catastrophe of the century.” He even admitted that he continues to like communist and socialist ideas “very much.”…
Continued.
https://www.thenewamerican.com/world-news/asia/item/28051-communism-very-similar-to-christianity-putin-claims
Tuesday, 16 January 2018
Communism “Very Similar” to Christianity, Putin Claims
Written by Alex Newman
Continued.
…In “mainstream” history books, Marx is often portrayed as an atheist, and his “ideology” is often described as atheistic. However, a great deal of evidence suggests that Marx may have in fact been a deliberate and conscious enemy of God. Indeed, his own writings suggest as much. “I wish to avenge myself against the One who rules above,” Marx wrote in one of his poems, echoing the boasts of Lucifer recorded in the Bible. “I shall build my throne high overhead, Cold, tremendous shall its summit be. For its bulwark — superstitious dread. For its marshal — blackest agony.” In another poem, Marx wrote: “My breast is equal to that of the Creator.”…
…The late Romanian minister Richard Wurmbrand, who was ruthlessly tortured by communists for some 14 years for pointing out that communism and Christianity were incompatible, wrote a book on the subject called Marx and Satan. “The Devil disguises himself as an angel of light,” wrote Wurmbrand, quoting the Apostle Paul in 2 Corinthians 11:14, after debunking various pseudo-theological “arguments” purporting to make communism and Christianity compatible. “Christian communism is a utopian impossibility, a nightmare of exploitation. The theology of revolution is a patent absurdity, a contradiction in terms.”
The Catholic Church has always understood that as well. As far back as 1949, the Catholic Church vowed to excommunicate any self-styled Catholics who joined the Communist Party, voted for its candidates, joined communist organizations, defended communism, or supported “the materialistic and anti-Christian teaching of atheist Communism.” In his Encyclical On Atheistic Communism, Pope Pius XI explained that Communism “aims at upsetting the social order and at undermining the very foundations of Christian civilization.” And that is putting it mildly….
Continued.
https://www.thenewamerican.com/world-news/asia/item/28051-communism-very-similar-to-christianity-putin-claims
Pope Francis Quotes
Teachings of Pope Francis compared to past Church Teaching
…Communism
Conversations with Jorge Bergoglio4, p. 39: “It’s true that I was, like the rest of my family, a practicing Catholic. But my mind was not made solely for religious questions… I read Our Word and Proposals, a publication by the Communist Party, and I loved every article ever written by Leonidas Barletta, one of their best-known members…”
__________
“See to it, Venerable Brethren, that the Faithful do not allow themselves to be deceived! Communism is intrinsically wrong, and no one who would save Christian civilization may collaborate with it in any undertaking whatsoever. Those who permit themselves to be deceived into lending their aid towards the triumph of Communism in their own country, will be the first to fall victims of their error. And the greater the antiquity and grandeur of the Christian civilization in the regions where Communism successfully penetrates, so much more devastating will be the hatred displayed by the godless” Encyclical On Atheistic Communism by Pope Pius XI, 1937
“To this goal also tends the unspeakable doctrine of Communism, as it is called, a doctrine most opposed to the very natural law. For if this doctrine were accepted, the complete destruction of everyone’s laws, government, property, and even of human society itself would follow.” Encyclical On Faith and Religion by Pope Pius IX, 1846….
http://www.francisquotes.com
Tuesday, 16 January 2018
Communism “Very Similar” to Christianity, Putin Claims
Written by Alex Newman
Continued.
…The notion that communism and socialism are somehow compatible with “Christianity” has become increasingly widespread among younger Americans indoctrinated into a phony version of history and offered only a cheap caricature of Christianity. Unfortunately, though, a world leader — one whose fan club is growing in the United States, even among conservatives — is now spreading that same dangerous lie. Christian leaders from around the world should speak out clearly to ensure that their flocks do not fall into such grave error. Communism remains an extreme threat to this day.
Communism and socialism are evil and produce evil fruit always and everywhere: Mass murder, hatred, torture, starvation, persecution, terror, and institutionalized slavery. True Christianity and the Holy Spirit that Christians believe inhabits their hearts, on the other hand, produce fruit that includes compassion, love, gentleness, help for the poor, joy, and peace. The two could not be more different. Anyone who pretends otherwise should be rebuked and lovingly corrected by all Christians.
Alex Newman, a foreign correspondent for The New American, is normally based in Europe but has lived all over the world. Follow him on Twitter @ALEXNEWMAN_JOU or on Facebook. He can be reached at [email protected].
https://www.thenewamerican.com/world-news/asia/item/28051-communism-very-similar-to-christianity-putin-claims
Tuesday, 09 June 2015
China: Staking Claim in the New World Order
Written by Alex Newman
Learning to speak Chinese may be a really good investment — at least if the globalists get their way.
In 2009, billionaire establishment power broker George Soros, a close ally and financier of Obama, called for the communist regime ruling mainland China to “own” what he referred to as the “New World Order.” Speaking to the Financial Times about what Obama should discuss while in Beijing, the self-styled philanthropist declared that the United States and the U.S. dollar were on their way down, and that the Communist Party regime must step up to the plate.
“I think you really need to bring China into the creation of a new world order, financial world order,” Soros told the Financial Times. “I think you need a new world order, that China has to be part of the process of creating it and they have to buy in, they have to own it in the same way as the United States owns … the current order.”….
https://www.thenewamerican.com/world-news/asia/item/21025-china-staking-claim-in-the-new-world-order
I agree something doesn’t smell right but dang being out of the market as it’s reaching all time highs sure will impact my retirement lifestyle if nothing happens in my lifetime.
Happy Thanksgiving Greg! Thanks for USAWatchdog and all the work you put in. Enjoy the holiday!!
Catherine asks, “How long before they own everything?” In the end there can be only one. It is all a giant Monopoly game and none of us here are going to win.
“When you have real household inflation at 10% every year for the past five years, the dollar has really already taken a hit as are many fiat currencies around the world. . . .”
But the dollar hasn’t taken a hit, on the contrary, it is making historical maximums. What has taken a hit (blow after blow) is gold, which if deflated against inflation, relatively speaking, is as low as it’s ever been. Gold manipulation by the dollar vigilantes has been at extreme levels this year; they don’t let the price of gold raise its head above ground level.
“GV”
John Williams at ShadowStats.com agrees with Fitts on the 10% inflation number if calculated the way BLS did it in 1980.
Greg
We purchased several cases of dehydrated food from Augason Farms 45 days ago. Just checked on same product again nearly all of it has increased 30%, how is that for inflation? A few examples: Nonfat dry milk was $69.99, now $99.99, Chicken Bouillon was $24.99 now $33.99 Dehydrated Butter was $26.99 now $34.99 Cracks appearing in the ice beneath us? It’s sure looking like it. Good interview, thanks.
GREG;
Listening to Steve Quayle on a program called ” Prophesy Watchers, He stated that part of the missing 21 Trillion has gone to support a shadow NASA., who studies those
things where there are no answers.
As your family gathers around the Thanksgiving table, may you all be blessed
Greg. Hong Kong did NOT vote for democracy. This was not a referendum for one man one vote.
This election was for local councils that deal with street lights, gardens, public toilets. The newly elected must still swear allegiance to Beijing before they sit or squeak.
1.1 million registered voters didn’t vote. Bet they would not vote for lawlessness.
Thomas,
You want to split hairs. The pro-democracy candidates won over the communist candidates. How’s That?? Happy not snowflake??
Greg
Maybe he was including the dollar in his mind because he was talking about the weaponization of the dollar but if you watch the video with the translation printed below as he speaks. He says THEY are going to collapse soon. If you consider the implications of THEY it could mean something of an even greater magnitude. THEY are the source of a lot more problems than just the fiat ponzi scheme. Endless war, human trafficking, drug trafficking, puppeteers of the US prostitutes in congress and the judicial system, monopolizing commerce wherever they can and overthrowing legitimate governments around the world and much more. We can hope. A little bit anyway though I feel foolish to do so.
I for one John hope the U.S. economy/$ is not crashed. Lot’s of innocent people will suffer globally.
Greg
Great report Catherine and Greg. Happy Thanksgiving.
Greg you’re always getting everybody else’s opinion. Do you believe the year 2020 will see the crash of the dollar . You have great instincts I witnessed it for years watching your show.I know you’ve said many a times you’re not an expert but I differ with you. Your opinion matters greatly to many people. So what do you think is going to happen next year?
Born,
At the very least I expect rising inflation. The system is so bloated with known and unknown debt you need to get ready and stay ready is there is a total crash and reset. When it happens it will happen fast and however you are set is how you will face the reset and crash. The short answer is I don’t know when it will happen but it IS going to happen. The longer this nirvana goes the shorter the window is.
Greg
On tonights interview, the day after Thanksgiving, she said we have to start working together. And indeed we must. It just so happens I’m working on a novel just about that. But my novel hasn’t been published as yet, so I’m not pushing it. However, during the war to save the US and Western Civilization, an old energizing war cry and word of inspiration is revived. This is the Chinese word: GUNG HO! WHICH MEANS “WORK TOGETHER!” This was the inspirational slogan of the famous fiercely fighting Second Raider Battalion of World War Two It soon became a Marine greeting, war cry, and ID.
but we in the present day US have forgotten two things: We have forgotten GUNG HO–And we’ve certainly forgotten how to work together. Not only does my novel begin reusing Gung Ho, but I’m an eccentric old man who is starting to use it on a daily basis.
Besides Gung Ho, my novel extensively quotes Joseph P. Farrell, Danial Liszt, and Catherine, and others who are awakening the US and the world at the highest intellectual levels.
So, Catherine, let’s work together. You are certainly lighting the torches to give heat and light to those of us sharpening the tines of our pitchforks, and beginning to form our ranks for the long bloody march through our institutions to take them back from Antonio’s Gramsci’s Cultural Marxists and the forces he has formed and given direction to.
So, C atherine, Joseph, Danial, Greg and all the rest of you: GUNG HO FOR THE USA AND WESTERN CIVILIZATION!
Greg:
Can you connect the dots and then see where the $21 Trillion in extra debt fits-into God’s Plan ( Administration of progressive discipline)? Lets think about this fundamental Biblical principle concerning debt and how it functions a transfer of power and wealth through the ages:
Proverbs 22:7 (NIV), “The rich rule over the poor, and the borrower is slave to the lender”
Matthew 11:15
” He who has ears let him hear”.
https://books.google.com/books?id=N7yxDwAAQBAJ&pg=PA252&lpg=PA252&dq=The+Oracle+and+the+dark+jubilee&source=bl&ots=CX8d3ixgfg&sig=ACfU3U28d38OjkN911i3zhheAVk7bTdFIQ&hl=en&sa=X&ved=2ahUKEwit0aKU_JLmAhWGpp4KHeYkD98Q6AEwCHoECAoQAQ#v=onepage&q=The%20Oracle%20and%20the%20dark%20jubilee&f=false
Greg, I love you Brother!!! CAF is one of my favorites (she should be the first woman President). I don’t see the dollar getting whacked anytime soon. Catherine said, in this interview, there isn’t another currency out there that can be a reserve currency. Why am I reminded of a couple sayings – “cleanest dirty shirt…” and “prettiest of the three ugly sisters”. Something will happen, 70% of $100 bills are outside the USA. If/when all those bills come home (like if the U.S. government said, “We’re cancelling cash in 3 months”), then we will see inflation (how bad Egon? dogs and cats sleeping together).
Have a great holiday season.
Over at Lew Rockwell’s site there is an article about a poll of Americans about the dollar. 30% of respondents thought the dollar was backed up by gold and another 26.5% didn’t know what the Hell it was backed up by. Only 7% of Americans know that the dollar is backed up by NOTHING! I remember Dr. Ron Paul saying that when he was on the Finance Committee in Congress that a congresswoman on the committee still thought the dollar was backed up by gold.
We live in a land of idiots.
My wife and I are ready for a 50% drop in the dollar and our assets. Prices here in California are already going through the roof. And if taxes go up….well, maybe folks just won’t have the money to pay them anymore.
Putin is smart enough to know that the Chinese want Siberia for themselves. Russia can’t defend it. China wants that oil and gas and minerals that is in Siberia. And the Chinese outnumber the Russians 10-1 or more. Putin wants America on his side, not China.
Fitts at the 20 minute mark talks about “Political Leverage” dealing with the missing money and funding pensions. Go watch George Carlin. We DON’T HAVE ANY POLITICAL LEVERAGE. What kind of dream world is Fitts living in? Maybe she was a bureaucrat too long at HUD.
The owners own us! And they’ll take it all. Political leverage is a guillotine.
And at 25:00 Fitts again says “Our pensions.” Well, yeah, she’s a government worker with a pension. I don’t have one. Social Security is a joke. It pays for maybe a week’s groceries.
I’m getting kind of fed up with Fitts. She sees everything through a government window. Government is NOT the answer. Government needs to be abolished.
tim,
Social Security is not a joke. Social Security pays for way more than a week’s groceries. The average recipient receives $340 a week of which only $111 of it is spent on food. I also disagree with you wanting to see the government, abolished. Government was established by God and is necessary today. I hope you really meant that government needs to be God-centered.
You obviously do NOT live in California. SSI benefits are a joke. Groceries here are $300 a week. Why do you think so many people are living in tents in California? Government was NOT established by God. And if you want a “God centered government” move to Iran.
tim,
I was speaking about the majority of Social Security recipients. The facts that I gave are for the average recipient.
Now depending on where you live in California then some people will definitely have higher than average food prices as well as higher than average prices for other things. For example in places like Fresno, I found that food prices are close to what my local stores here in PA charge which is in line with the nation average. The same can’t be said for places like Los Angeles or San Francisco which are much more expensive places to live. But even so groceries are not even close to $300 per week for the average person in California unless you are buying a lot of organic and other more expensive types of food than what the most Americans do.
And the reason that some people are living in tents in California is not due simply because food prices are higher than average. More than likely it was because most of them made bad decisions in their life and were not good managers of their money.
And yes government WAS established by the God of the Bible.
Romans 13:1 states, “Every person is to be in subjection to the governing authorities. For there is no authority except from God, and those which exist are established by God. (NASB)
This sounds like Sky Net…if you are a “threat” then you will be targeted for termination….
God help us
I have not been able to watch Greg and his guests for about a month now, So I did some binge watching to catch up. I guess I don’t get it, every guest say buy gold it’s going up in price and the dollar is collapsing . However tonight Gold is down another 6 bucks. I think you can yell WOLF so many times before your readers stop watching the guests. Don’t get me wrong I enjoy Gregs podcasts I believe he is an honest God fearing man and I would have him at my dinner table anytime. It would be interesting however if he had just one guest on that gave an interesting argument against a collapse of the dollar and falling Gold prices.
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Craig,
I am not recommending a trade but a core position in gold. We have $23 trillion overt deficit and $21 trillion in “missing” money. That’s $44 trillion and it you feel comfortable with that unpayable debt and you want to pretend everything is going to be OK, then just watch cartoons and the MSM.
Greg
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