By Greg Hunter’s USAWatchdog.com
We go overseas for the top stories, and they involve China, Russia and Iran. First, China and Russia and the oil and natural gas deal that excludes the dollar, in a deal worth $400 billion over the next 30 years. Please take note, this deal excludes the U.S. dollar. If this doesn’t signal the beginning of the end of the petro dollar, then I don’t know what does. Meanwhile, half the U.S. Senate is more worried about the Washington Redskins football team changing its name. We have to have some of the dumbest leaders on the planet. The end of oil trade in dollars is big trouble and will guarantee big inflation in the U.S.
Then, it was also reported that Russia is working on a deal in Iran to build eight nuclear power plants. I thought there were negotiations going on with the West trying to curtail Iran’s nuclear power program. Iran has long contended it was for the peaceful production of energy, and Iran has significant deposits of uranium. The West says it is afraid of Iran getting material to build nuclear weapons. I don’t see how this is going to get resolved. I think it is pretty clear that Iran is NOT going to curtail its program. So, either the West totally backs down and accepts Iran’s nuclear program or there is going to be some sort of war. I am not advocating war, but I just don’t see another set of options.
Also, this week, there is news that Russia test fired an inter-continental ballistic missile. It’s being reported the Russian military is testing a new “combat payload.” The missiles are reportedly “hypersonic” and can carry up to “10 warheads.” There are members of Congress who say the Russians have violated strategic arms reduction treaties, including one signed as recently as 2010.
Back here in the U.S., another scandal for the Obama Administration and, this time, it’s veterans who have died while waiting for medical treatment. It has been revealed the Veterans Administration falsified waiting times to make it look like veterans were receiving lifesaving care. In reality, dozens and dozens of vets died waiting for care. The President says is this is “dishonorable and disgraceful,” but this has been an ongoing problem that the President promised to fix when he first ran for President in 2008! The day after he said this, one of his top priorities was a campaign fundraising stop, not a trip to a VA hospital. Please keep in mind, the VA is government-run health care–just like Obama Care.
In another Obama Administration scandal, the Democrats have decided to join the House committee investigating Benghazi where four Americans were murdered by al-Qaeda related terrorists. Nancy Pelosi says she can’t trust the Republicans to be fair. I say, isn’t the truth fair? What happened before, during and after the attack and why. The White House is still withholding documents. If the President and then Secretary of State Hillary Clinton didn’t do anything wrong, then just release all the documents and let’s be done with it. I still say this could crater Hillary Clinton’s shot at the White House in 2016.
Harvard Law School Professor David Barrron, who helped craft the legal justification for the drone murder program, is one step closer to becoming a federal appeals court judge. Barron, also a former Justice Department official, was nominated to the 1st U.S. Circuit Court of Appeals by the Obama Administration; and, this week, the Senate voted along party lines to allow his nomination to go forward. Even liberal Democrat Ron Wyden voted ‘yes’ to the man who gave legal cover to what some say is totally unconstitutional. Thousands have been killed, including four Americans, abroad. There are no charges, no trial and zero due process that is afforded in the U.S. Constitution. The drone murder program even targeted and killed a 16 year-old boy in Yemen, whose father was also targeted and killed in a separate attack. By the way, more than a hundred kids have been killed in collateral damage. Now, that’s how you win hearts and minds.
Finally, another week, another big bank is fined for criminal activity. It was reported, this week, that Credit Suisse was fined $2.6 billion for helping wealthy Americans avoid paying taxes. The Justice Department boasted this was the largest fine ever paid in a criminal tax case. Please note, it was a “criminal” case according to the Justice Department. Didn’t Attorney General Eric Holder recently say that no bank was “too big to jail”? This is what really gets me. The bank is responsible for paying the fine and not the top officers of the company. That means shareholders are being penalized for the so-called criminal activity, and no top bank official has yet to go to jail for what the Justice Department repeatedly calls crime.
Join Greg Hunter as he analyzes these stories and more in the Weekly News Wrap-Up.