By Greg Hunter’s USAWatchdog.com
President Obama is sending 300 military advisors to Iraq. This is the ultimate lose-lose scenario. Remember I told you Iran was already there, and the U.S. would be helping Iran defend Iraq. Well, it’s happening. Obama does not want to attack the ISIS or ISIL forces that have come down from Syria, and he does not want the Iranians to defend Iraq and gain influence. The Obama Administration has armed the Syrian rebels that are in part al-Qaeda related. If he starts bombing them, the campaign to oust Assad in Syria will be over. (It probably already is over.) If he helps the government in Iraq, he will in turn be helping the Iranians. This comes down to a coming civil war between the Sunni and Shiite Muslims. The United States has armed them both and is going to get caught in the middle. When, and not if, there is war, oil prices are going to explode. This is going to be a global economy killer
Meanwhile, the Russians are massing forces on the Ukraine border according to NATO. Heavy fighting is reported in Eastern Ukraine between Kiev government forces and pro-Russian separatists. It is also reported a military convoy stretching 10 miles is on the road between Moscow and Ukraine. On top of that, an Eastern Ukraine gas pipeline blew up this week. Maybe it’s was blown up because Russia cut off their natural gas and demands payment up front from now on. Who knows, but this is not moving the country closer to peace. One Russian official was quoted as saying it was “moving closer towards a serious conflict.”
A top Russian economic advisor to Putin is pushing to crash the dollar system as a way to stop the Ukraine civil war that Russia says was started by Washington. The Russians are worried about a third phase of sanctions that could end up hurting Russia and the EU. Meanwhile, it was announced this week the UK and China will begin trading in their own currencies. It is direct trade with yuan pound sterling. Please note they will not use the dollar. I hear nails being hammered in the dollar coffin, and I wonder when the dollar abandonment will reach critical mass. It is coming, but I don’t know when.
The IRS claims it lost two years of emails from a key figure in the IRS targeting scandal. Lois Lerner’s emails are gone along with other emails of people who have been accused of illegally targeting conservative groups. This is a juvenile and idiotic claim because emails are always backed up on multiple servers. The government is required by law to back them up. The main stream media (MSM) has given very little attention to this story even though this a major 1st Amendment violation they should be all over. If there was not a “smidgeon of corruption” as the President claims, then why not produce the emails? The Wall Street Journal says this is worse than Watergate. President Nixon lost less than 20 minutes of audio tape. The IRS lost two years of data? If this is not a cover-up, I don’t know what is. This is simply outrageous.
Illegal immigrant children are flooding across the U.S. Mexican border. Infowars.com is reporting that DHS will be helping escort undocumented immigrant children into the United States. Meanwhile, Texas Governor Rick Perry is beefing up security to combat the flood if illegals trying to cross the border. Governor Perry said, “Texas can’t afford to wait for Washington to act on this crisis.” Perry said that “safety and security” in Texas is “threatened.” Last week, former border patrol agents said they thought the crisis was being orchestrated.
Finally, Fed head Janet Yellen spoke this week and said that monetary policy would remain “highly accommodative.” She said this phrase multiple times. Greg Mannarino’s take on what she said is that she promised to do whatever it takes to continue to hyper-distort the market. Gold was up more than $40 in one day. I think that says a lot.
Join Greg Hunter as he talks about these stories and more in the Weekly News Wrap-Up.