By Greg Hunter’s USAWatchdog.com
The Ukraine crisis is spidering off in ways no one dreamed of a few months ago. Even though Russia says it is backing off, the economic and psychological war is intensifying. Big headline in USA Today says “Putin Diffuses Tensions in Ukraine Crisis.” Putin says it is backing some troops off from the border, but NATO says there is “no evidence of withdrawal.” My sources say Russia will not do an overt invasion; it will just let Ukraine sink into chaos. Ukraine will need an estimated $50 billion in a few years to stabilize the country. Where is that going to come from? The U.S. is imposing sanctions on Russia; and, now, even the IRS is going to be targeting Russian banks. Meanwhile, there are reports of Russian bombers doing test runs off the coast of California. Also, the Russians are doing attack simulations that test their nuclear arsenal. Could we have a shooting war? Sure, but I don’t think that is what is going on, at least at this point. I think we are seeing war on a new level. As I said, it is both psychological and economic. Could fear cause financial trouble for the West? You bet. Then there is the reserve currency status of the U.S. I think Russia is kicking into high gear the attack on the dollar as the reserve currency used in trade settlement. The trajectory is clear. The U.S. dollar is going to be used less and less in trade. I think Russia intends to hurt the West by cutting off the funding needed for war.
An IRS official at the center of the IRS targeting scandal is now in contempt of Congress. The House voted to this week to hold Lois Lerner in contempt for not answering questions in the investigation over the IRS targeting conservative groups. Congressman Trey Gowdy, a former prosecutor, says Lerner testified and made 17 separate points before she pled the 5th. Gowdy contends, either you testify or you don’t. You cannot do both. Contempt of Congress is rare, and six Democrats joined with House Republicans to vote in favor. What is amazing to me is the USA Today totally ignored this story. You would think a news organization would at least want to follow a very important First Amendment issue. It is outrageous to use the IRS as a weapon no matter which party in power does it. This is what I am talking about when I say the mainstream media “lies by omission.” The House also voted to ask Attorney General Eric Holder to step aside and appoint special counsel. 26 Democrats voted with Republicans on that issue.
Trey Gowdy has been picked to head up a committee to get to the Benghazi scandal where our Ambassador and three others were killed in a terrorist attack. Gowdy is a former federal prosecutor. The White House said the attack was “spontaneous” and did not have al-Qaeda ties. Both points are 100% false. Lots of questions are still unanswered. Many think this a cover-up that protects the President and Hillary Clinton who is the presumptive Democratic candidate for President in 2016. Some also want to call this a hoax that is motivated by politics, but four people were killed and that is no hoax.
The Al-Qaeda backed rebels are on the run in Syria. They have retreated from a major city in Syria. This is a blow to the rebels cause, and it will make the Assad regime just that much harder to unseat. General Wesley Clark said, years ago, that the plan was to topple Middle East governments and Syria was on the list. I don’t think it’s over, but the plan to rearrange the ME has been interrupted.
Eric Holder is now saying no bank is “too big to jail.” He is referring to some European banks that allegedly are engaging in illegal tax shelters and violations of U.S. sanctions. That’s’ funny. Holder said, a little more than a year ago, that the financial system might be in peril if big bankers were jailed. Holder said in Congress that he was concerned that criminal charges against top bankers might have a “negative impact on the national economy, perhaps even the world economy.” They let JP Morgan pay a fine to avoid criminal prosecution for helping the Bernie Madoff $60 billion fraud. HSBC admitted to laundering money for terrorists and drug cartels and also paid a fine. This headline, to me, is all show and no go. Not a single top banker has gone to jail for massive and provable frauds–not a single one.
Join Greg Hunter as he analyzes these stories and more in the Weekly News Wrap-Up.