Weekly News Wrap-Up 3.21.14

By Greg Hunter’s USAWatchdog.com Crimea Update, Russia Sanctions, Kevin Trudeau and More

This week, we, once again, lead with the Ukraine crisis.  Russian President Putin now says, “Crimea is part of Russia.”  A referendum in Crimea voted overwhelmingly in favor of joining Russia.  The West is not buying it and has sanctioned Russia.  This is supposed to be a serious international crisis.  So, why are the sanctions so light?  We hit with a feather and then another feather by only sanctioning a few people in Ukraine and Russia.  Russia hit back with some feather sanctions of its own, but also threatens to damage the U.S. dollar and not helping us with the Iranian nuclear negotiations.  There is not much in the way of sanctions coming out of Europe, as well.  Angela Merkel, Chancellor of Germany, is also talking a tough game, but at this point, it is just talk.  The real problem here is the West finds itself in a very weak financial position and really can’t take a hit economically.  It seems the world is teetering on insolvency.  Europe and Russia are doing much business together.  Russia is a major supplier of natural gas to the EU, and the EU has many investments in Russia.  Both Shell and BP have major oil and natural gas deals in Russia.  Could this spiral out of control?  Yes, but the smart money probably is not going to push it on either side.  Let’s hope it does not turn into a bloody civil war.   

I had book author and Russian blogger Dmitry Orlov on this week, and he says the U.S. needs Russia militarily.  How do you think we supply troops in Afghanistan?  We have a deal to go through Russia.  That is a huge point that most have not reported.  One last thing, I took some heat for what some say was being too pro Russia.  I am certainly not pro Russia.  I am pro America!  That said, I am pointing out the weak position our leaders have put us in and warning of the potential dangers to Americans.  Questioning the government and warning of a potential calamity is patriotic.  You can’t address a problem until you identify it.  America is always better off with critical analysis, and that is something Russia does not allow its people. 

New Fed Chief Janet Yellen gave her first press conference, and the markets crashed.   You really can’t blame her.  She is now in charge, and interest rates have nowhere to go but up.  The Fed cut another $10 billion in bond buying, but it is still pumping out $55 billion a month to prop up the system.  That is still more than $600 billion a year.  Best-selling author Jim Rickards says the Fed simply has no choice but to “taper” it.  Rickards says the Fed is “insolvent.”  That’s right—“insolvent.”  They simply have to stop adding “toxic” assets to its balance sheet.  Rickards is not only a best-selling author, but a financial expert the Pentagon calls in to play financial war games.  I kid you not, and don’t think there is not financial war going on right now around the globe on all sides.  Rickards is out with a new book called “The Death of the Money,” and he’ll be on early next week.  You will not want to miss this interview.   Rickards says the next meltdown is on its way, and it will be way worse than 2008. 

One quick shout out to Mark Zuckerberg of Facebook fame.  He called President Obama last week and told him what he thought about the NSA spying.  He said, “engineers work tirelessly to improve security, we imagine we are protecting you against criminals, not our own government.”  Zuckerberg posted this on his Facebook page.  I never thought much about him until now. 

Finally, infomercial pitchman Kevin Trudeau has been convicted of fraud and sentenced to 10 years in prison.  He’s lucky, sentencing guidelines say he could have gotten as much as 25 years.  The FTC also fined Trudeau more than $37 million, which Trudeau never paid according to the court.  While at ABC News, I tried to confront Trudeau over his so-called “Natural Cures” book.  He said he had a cure for cancer, which was totally bogus.  Why am I bringing this up?  If Trudeau can go to jail for 10 years for fraud, why hasn’t a single big banker even been charged for massive crime against this nation.  Money laundering for terrorists, foreclosure fraud, securities fraud, rate rigging, and gold price rigging have all been done by the big banks on a global scale.  Trudeau gets 10 years and big bankers get nothing but a fine, which is paid for, in most cases, by shareholders.  Something is not right with America.  

Join Greg Hunter as he gives his analysis of these stories and more in the Weekly News Wrap-Up.

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Comments
  1. Ugly

    That is a great cartoon for March Madness. America needs to fix its own problems. We are probably at the point of unfixable anyway. Only thing we can do now, as Americans, is keep reading and prepare accordingly. I see no other way to survive this. When our ‘Leaders?’ are fixing nothing and most Americans, at least 95%, are clueless, then what hope is there really? Better look for the Higher Power….

    • Galaxy 500

      Yes, we may be past the point of no return but that doesn’t mean we should call the emergency service vehicles to pick up the pieces at the end of the runway even before we crash. We can do things to now that would make the crash more bearable…not fun, but survivable.

  2. keith

    I think the Ukraine situation is all about the U.S.A convincing Europe to turn their back on Russian Natural Gas and embrace franking en masse on European soil. They have the infrastructure in place to supply Nat Gas and the price is 4 to 8 times higher, then in the U.S. It’d be a great deal for American oil companies.

    • Stephen

      I am tired of this learned helplessness.
      Let’s get going folks. It is time.

      http://www.nationallibertyalliance.org

      Our mission is to restore the people to sovereignty through knowledge, and only then will they be armed with the virtue to take political and judicial power. The people have it in their power to disarm and defeat the enemy of Liberty both foreign and domestic if they only understood the principles of freedom and stand upon them.

      To take political power is to control our elected representatives, by bringing them into obedience through fear of the people, this is accomplished by understanding the office of & becoming an elected committeemen, and then execute the powers of the Common Law Grand Jury.

      To take judicial power is to control our courts by understanding jurisdiction and bringing into subjection all government officers and officials using common law courts by opening courts of record and executing “people” authority, it’s that simple!

      But, to successfully apply political and judicial power you must have a sense of justice and mercy which is synonymous with virtue. And to get virtue you need to have a relationship with your creator. If everyone exercised these principles America could shake off the chains of tyranny, reinstate our republic, and bring down the NWO “literally overnight”. This is the only way to save the nation, without power you are powerless!

      Join our endeavor and save our Republic, one people at a time! (NOT PERSON, SEE BELOW)

      We are Non Partisan – A partisan person is “one who is blindly or unreasonably devoted to party positions.” Therefore a partisan cannot possibly serve the constitution. George Washington warned us against political parties he said “they only succeed in pitting one group against another”.

      The cause of the grassroots movement is the awakening to our constitutional crisis, for it to be engaged in partisan politics would further serve the demise of our constitutional republic. The genius of the progressive movement is their exploitation of partisan politics, which they created, to subvert our constitution. Grassroots groups are natural and spontaneous whose primary objective is to reinstate the constitution, to be partisan would be counter productive.

      Traditional power structures are orchestrated and designed to harness grassroots movements “they must always be suspect” and will be proven corrupt if they are partisan – divisive – take control of choosing candidates.

      Grassroots are founded local, control is local and most events are local. To collaborate with distant groups are necessary for unity but if events become dictated by them you are no longer grassroots.

      “All that is necessary for the triumph of evil is that good men do nothing.” — Edmund Burke

      The question before the People is one of an awful moment to this country. For my own part, I consider it as nothing less than a question of freedom or slavery; … Should I keep back my opinions at such a time, through fear… It is natural to man to indulge in the illusions of hope, we are apt to shut our eyes against a painful truth, and listen to the song of that siren till she transforms us into beasts. Is this the part of wise men, engaged in a great and arduous struggle for liberty? … I have but one lamp by which my feet are guided; and that is the lamp of experience. I know of no way of judging of the future, but by the past.

      …They are sent over to bind and rivet upon us those chains which the ministry have been so long forging. And what have we to oppose to them? Shall we try argument? Sir, we have been trying that for the last ten years. Have we anything new to offer upon the subject? Nothing.

      …Sir, we have done everything that could be done, to avert the storm which is now coming on. We have petitioned; we have remonstrated; we have supplicated; we have prostrated ourselves, and have implored its interposition to arrest the tyrannical hands of the ministry. Our petitions have been slighted; our remonstrance’s have produced additional violence and insult; our supplications have been disregarded; and we have been spurned, with contempt, from the foot of the throne. In vain, after these things, may we indulge the fond hope of peace and reconciliation. There is no longer any room for hope.

      If we wish to be free if we mean to preserve privileges, if we mean not to abandon the noble struggle in which we have been so long engaged, and which we have pledged ourselves never to abandon until the glorious object of our contest shall be obtained, we must fight! I repeat it, sir, we must fight! An appeal to arms and to the God of Hosts is all that is left us!

      http://www.nationallibertyalliance.org/common-law

      What’s the difference between a people and a PERSON?

      Take the blue pill, your favorite beverage and see.

      http://www.nationallibertyalliance.org/slavery-consent

      Thank you for listening, we need all of you.

      We are seating each and every of 3142 Counties in Our Nation.

      246 are now constituted.

      4 Fully NY Fla CT RI

      Thanks for all you do Greg.
      In Faith,
      Stephen

      PS) Hudes is bogus IMHO.

      We must save ourselves.

      • Galaxy 500

        Dude, You keep posting the same thing over and over. We have either bought into it or not. Personally, I am not a buyer but I didnt say anything about the same posts over and over until now. Type some short and post a link

  3. MAL

    Hi Greg,
    I’m not surprised that you received some comments about being ” pro Russian ” but I’m glad you don’t let that deter you. While I never believed that the Crimea was important enough to our national security to risk war over , real war or economic, Orlov’s comments were enlightening. The Crimea is far more important to Russia than it is to us or Europe. If we went to war we obviously would either win or lose. Losing is unthinkable. If we win we would achieve exactly what? Forcing the Crimea into the EU against the will of the vast majority of it’s people. International observers concluded that the referendum was conducted fairly and the result proved that there was no reason for the Russians to even attempt to rig it. Like you I’m pro American and I shudder at the thought of another war that would cost us dearly and gain us nothing.

  4. Liquid Motion

    Greg,
    James Rickards…he’s the man. Looking forward to that one….please make sure your audio and video are in-sync this time around. Last time was a dreadful disappointment. I know he’s got some important data points to disseminate so hope all is in tune.

    On the matter of jail time for the Banksters….I know and share your frustration….but we have got to remember that the International Bankers are the same tools/agents of their Masters as are the Political and Judicial stalwarts who also act as agents and tools. Nothing will upset that apple cart. That bond is stronger than the security at Fort Knox.

    One more observation : What do the following have in common ?
    James Sinclair
    James Rickards
    James Turk
    James (Jim) Rogers
    Anyone ??? 😉

    • Greg Hunter

      LM,
      Don’t mean to disappoint but he interviewed from his rural Conn home. All he has id poor quality satellite. But it was better than his past interviews. While the video quality is not topnotch the content is. Still very worth while and very watchable. I will put him out in a “Early Sunday Release.”
      Greg

    • Ugly

      I agree. I have heard enough from James. Lets let Matthew, Mark, or Luke have their say….

  5. Jose

    Do not appologise for doing what is right. I believe you are a great American and a true patriot. You will always get hell when telling the truth. People don’t like bad news and often want to kill the messengers.

    • Greg Hunter

      Thank you Jose for your support!
      Greg

  6. Troy

    What can the US do? What should the US do?

    Russia has done overtly what America has done sense after WWII, but mostly economically, for the most part. Less the most wars of any other nation on earth!

    Europe is under Russia’s energy thumb.

    Greg get over it!!!!!! When your on target your going to take flack. GET OVER IT! Many appreciate you here!

    Why aren’t the bankers getting prosecuted? BE CAUSE THEY ARE THE GOVERNMENT! HELLO?

    When are you coming to Hawaii?

    http://www.bing.com/images/search?q=Waikiki+beach+image&qpvt=Waikiki+beach+image&FORM=IGRE#view=detail&id=4583E486CDF99B3DC60FA24937BFB610B887A956&selectedIndex=42

    Time is short.

    Things are getting interesting!!!

    ALOHA

    • Greg Hunter

      Troy,
      I am afraid it will not be before the $ crash. When I do we will do lunch my friend!
      Greg

      • allen ols

        greg

        LOOK WHOS BUYING USTB,

        Coffee is up 70%, hogs are up 42%, and beef is up 5% this year alone. So the consumer is really getting squeezed. This so-called recovery in the U.S. does not look healthy to me at all. And in southern Europe the situation is just getting worse. As an example, things are deteriorating in Spain, Italy, and Greece.

        The drop in some commodity prices such as copper, steel, iron-ore, these are all signs of problems in China. China is slowing down. Steel producers in China are under tremendous pressure, and some are already defaulting on their debt. Of course we already know that there are lots of ghost towns built in various place in China.

        The downturn has already started to affect the rich in China. Prices of luxury properties in Hong Kong are tumbling. These properties have been bought mainly by the Chinese in the last few years. Prices in Hong Kong are down substantially this year. But the Hong Kong property bubble is not just residential, but also retail.

        If you walk around Hong Kong, every block has a major shopping mall full of high end stores, and these stores are all empty. But we are also seeing property bubbles in places like London, where top prices are $150 million which is absolutely ridiculous.

        All of this will lead to a financial implosion, but meanwhile the mainstream media parades out Janet Yellen to tell people all is fine in the world. The Fed just tapered another $10 billion. But what fascinates me, Eric, is that Belgium is now emerging as a major buyer of U.S. Treasury bonds. Belgium has gone from $170 billion of Treasury holdings in September of last year, to $310 billion in January of this year.

        Since nobody in the world wants to buy U.S. Treasury bonds, and the Fed has been the only buyer, can it be that this is a covert form of buying U.S. Treasury bonds by the United States government? It makes no sense that Belgium has purchased that much in U.S. Treasury bonds in the last few months.
        Egon Von Greyerz

  7. bob

    greg, you ask whats wrong with this picture? whats wrong with this country? as far as i see things, you tell it the way it is. just because you go along or see that another country is in the right, doesn’t mean you don’t care about your country. putin is playing a great game, he is making us look bad. if you didn’t care about your country, you would still be working for msm and collecting maybe easier paycheck than what you are doing now. i love what your doing for us and i thank you. i have never missed anything on your stories.
    the corruption started along time ago, it’s in high gear now.

  8. Donald

    Greg, Your insight is spot on. You are patriot and deliver information that will never
    be seen on any mainstream media outlet. America is not only broke, America is
    also broken. I can only hope that we find a way to fix ourselves before we slide
    into the abyss.

  9. DavidC

    Greg,
    As ever, a great week’s programmes (UK spelling!)! Super stuff.

    DavidC

    • Greg Hunter