We’re Going to Step On a Mine before End of 2015-James Turk

James Turk #2By Greg Hunter’s USAWatchdog.com 

Renowned Precious metals expert James Turk thinks this fall is going to be trouble for the U.S. dollar.  Turk explains, “I think that is the time frame we should be looking for, and there are a couple of reasons for this.  Every five years, the International Monetary Fund recalculates the “Special Drawing Rights,” the SDR. . . The Chinese have been quite clear over the last five years that they want to be included in the SDR when the next rewriting comes, and the next recalculation is scheduled for September and October.  So, it’s quite possible that China doesn’t come away with what it thinks it deserves . . . it may move further away from western institutions and create other Asian institutions like the AIIB (Asian Infrastructure Investment Bank) and bring this to fruition much quicker than would be the case.  So, I would agree the September, October, November time frame is going to be critically important this year.  If the wrong moves are made by the U.S. government, I think the dollar could fall substantially. . . . I think we are going to step on a mine before the end of this year.” 

Turk goes on to say, “Remember that the dollar has only risen because people around the world perceive it as the best option of a lot of poor choices.  In other words, people are moving out of the euro, and moving out of other weak currencies, in an emotional kneejerk reaction into the dollar.  They are not moving into the dollar because of any fundamental strengths.  The problems of the U.S. are still quite severe, particularly the debt problem and government spending out of control.  Things tend to rise and things tend to fall, and I wouldn’t be surprised to get a big drop in the dollar before the end of the year.”

On the Greek debt crisis, Turk contends, “There is no way Greece is going to repay the $350 billion in debt it owes.  It just doesn’t have the financial capacity or the ability to do that.  So, all the ECB, EU and the IMF are trying to is “extend and pretend.”  If you keep the ball in the air, then people will think that it will be solved eventually.  They all play a game, but the reality is the ball eventually crashes to the ground simply because of mathematics.  It’s not just Greece.  There are countries all around the world, including the United States, that have such a huge debt burden that these debts are never going to be repaid.  The U.S. debt is $18 trillion.  The only reason why it hasn’t hit the wall is because interest rates are near zero.”

So, what’s the trigger that will have it all come crashing down?  Turk says, “That’s the million dollar question that everybody is trying to figure out.  What’s going to be the trigger that brings it all down?  You are trying to predict the future, and sadly, nobody can do that.  The best we can do is prepare for the future, and that’s what China is doing.  That’s why China is creating a parallel payment system. . . . That’s why China has created the AIIB, and that’s why China has been accumulating gold.  As we prepare for the future, we should be thinking along the same lines as China is thinking.  Buy gold, buy resources and minimize as best as you can the counter-party risk that comes from financial assets.  We don’t know what the trigger point is, but we know from history and the mathematics that it cannot be serviced, and we are going to have some kind of a problem.  It’s just like 2008.  We’ve got another one of those coming.

Join Greg Hunter as he goes One-on-One with James Turk, founder of GoldMoney.com.

(There is much more in the in-depth interview.)

After the Interview:

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  1. paul

    As James Turk says … if the Fed raises rates … it will have to be combined with some sort of massive increase in the monetary base … to pay the trillion dollars a year in interest costs … the paper money creation by the Fed will need to be massive enough to increase inflation so as to “prevent” the real estate market and stock market from collapsing … and also create enough fiat paper to cover the implosion of interest rate derivatives … all this fiat money creation will likely flood the US economy with almost a Quadrillion in “new cash” … if this is the scenario the Fed chooses … then real estate, art, tangibles (like gold and silver) and the Dow will rise … the Dow (once it gets wind of the Fed’s inflation plans) could be driven up to 21,000 very quickly … like sometime between the middle of this year and the middle of next year … with a possible “blow off top” forming at the Dow 28,000 level! … as for the S&P 500 it would have to reach 2,400 to equate to a Dow of 21,000.

    As for crude oil (a real tangible asset) … although it recently failed support … it quickly repaired it … so there is “still a chance” oil could bottom at the current level if the Fed raises interest rates (creating massive inflation of the fiat money supply) … now if crude makes a simple reversion to its 13 year mean … it would take the price back to $120 a barrel … although this seems an imponderable objective right now … considering what the Saudi oil ministers would have us believe … statistically $120 oil seems a fair probability.

    So buying “tangibles” will be the overriding investment theme if interest rates rise creating a need for more fiat … so we must use Zimbabwe as our economic model … those who can’t afford “rare” gold and silver … may simply buy soap powder, etc. that may become hard to find on supermarket shelves, etc.

    Initially … raising interest rates will make the US dollar stronger (giving gold and silver a hard time) … but once people realize that the interest must be paid with even more printed dollars … the US dollar will begin to fall and gold, silver, oil, etc. … “all tangible commodities” will enter strong bull markets!

    • paul

      PS: Some may be questioning whether a QE4 of one quadrillion “in new cash” would ever be approved by Congress as interest rates are raised … well … that’s what WAR is for!!

      • Cryptic Little Sister

        Do you not understand velocity?

        • jc davis

          Cls Cleaning solution BTW do you understand being polite? Ask a real question for a change. Make a real comment .

          • allen ols


            B. H. wrote for shtf i think, and this is one of his comments;

            “My hope is that is doesn’t get this bad, but my suspicion is that it will get worse, where you have no access to ATM’s, credit is completely shut off, we may have power, water, electricity supply problems.

            What I’m going to tell you is, if you know how to, or can learn how to live like Davey Crocket or Daniel Boone, we may go through a period of time where that’s the case. I hope I’m wrong, I fear that I’m right.”

        • paul

          Cryptic … Zero velocity is QE4 in “bankers” hands … high monetary velocity is QE 4 in “peoples” hands … the government must issue EBT cards to everyone in America … index the EBT cards to the inflation rate … and pour all the QE4 money they print up out of thin air into these EBT card accounts … and watch velocity explode!

          • Cryptic Little Sister

            You have made my point for me.

        • George T (Formerly George)

          What is the airspeed of a latent sparrow?

          • JC Davis

            Good one George. My answer is hidden. Or sound asleep.

          • Eric Idle

            African or European?

        • Professor Sawdust

          Yes, velocity is the speed of something in a given direction.
          But do you understand momentum?

    • Al Hall

      Paul- just heard today from one of my inside sources- that on April 29th the Fed will meet and it is believes they will increase interest rates- may only be a 1/4 % increase, but this alone could cause massive ripples in all markets starting with the bond markets- then stock markets. Remember this list of coming events for 2015: Quote-Imminent danger –
      The New World Order will be brought in, in its entirety and it should be starting this year (2015) at Sept-Oct time frame when they (Illuminati) pull off this economic collapse.
      * Near future – banks crash/collapse, watch the financial derivatives market. This will be the event that triggers the collapse of America.
      * 5 TBTF (Too Big To Fail) banks have at least US$40 trillion dollars in derivatives. (It is a lot more than that.)
      * FDIC is not able to make good all the trillions of bank deposits when banks fail. Congress passed law for FDIC to cover financial derivative losses of the banks.
      * Everything is now in place for the Illuminati Elites to collapse America and the New World Order will step right in.
      * The Illuminati Elites are NOT Gods.
      * Violence in Washington. Fist fights in Congress, Senate, House .. by politicians.
      * A series of massive bankruptcies will take effect.
      * Interest rates will be rising. Financial derivatives collapse. When the dust settles precious metals will be all that remains of value. Paper assets will collapse.
      * Sept-Oct 2015 timeframe – most critical period.
      * Buy physical gold and silver. It may dip a bit initially because of deflation but it will reverse quickly and rise exponentially.
      * Only physical gold/silver will remain as money not fiat currencies.
      * Deflation – apart from food prices (and physical gold/silver), other asset prices will deflate ie. price collapse/fall. Food prices will rise ie. inflate!
      * Oil price collapse is Obama’s revenge on Russia/Putin for humiliating Obama. Illuminati elites told Lindsey Williams: they are not involved.
      * Obama made a deal with Saudi Arabia to smash oil price, resulting in Russian Ruble collapse 50+%.
      * Illuminati elites very angry/unhappy with Obama.
      * New Elites – refer to the younger elites who are taking over and not the older elites in their 70s/80s.
      * They have plans to create a new (corrupted) version of the Bible.
      * They want a new US Constitution by Executive Order.
      * New leaders, new churches, new health care, culture … New World Order takeover!
      * “Devil’s Messiah” – defined as the Elites perverting everything in the Bible. New perverted meanings…
      * Shemitah – 7 year biblical debt cycle will assert itself in 2015. Read Jonathan Cahn’s The Harbinger book.
      * VP Joe Biden’s (he is one of them, an elite) New World Order speech.( google biden gives speech to air force acad.)
      * Elites positive that : “There’s going to be divine intervention!”
      * “Divine Intervention” – by this the Illuminati Elites mean the coming of the Anti-Christ!
      * Blood Moons Cycles, Shemitah, Jewish/biblical holidays … and major world events.
      * Obama uses ISIL and not ISIS. ISIL means Islamic State of Iraq and Levant. Levant largely means Israel. Illuminati plan: destruction of Israel.

      • JMiller


        You have several times over the last couple months repeated the same thing. Once or twice I brought up the fact that one thing you said is not true. And that is “Congress passed law for FDIC to cover financial derivative losses of the banks.”

        The FDIC insurance only covers deposit accounts (savings, checking, Cd’s, etc…) up to the insurance limit of $250,000. Stocks, bonds, mutual funds, etc… are not FDIC insured. Derivatives are not deposit accounts. They are not insured nor are the losses from them insured.

        If you or someone else believe I am wrong please show me why. Be specific. Just do not give me the undoing of the swap push-out rule, which now allows those certain the risky derivatives to once again be traded in the same institution as insured deposit accounts, as your answer. That does not make them FDIC insured. Certain other derivatives (futures, options etc…), I believe were never pushed-out and were being traded in FDIC institutions all along. But just like stocks and bonds, those derivatives (futures, options etc…) were not FDIC insured either.

        Please understand I know about the risks that is out there and I believe that people should take steps to minimize the risk of losing money in the bank by having as little as needed in them or by using a “safer” bank or one of the more “safer” credit unions. But even then, as with everything, there are still risks.

      • paul

        Al … For the Fed to raise rates they must create “inflationary pressures” … this can only mean a coming QE4 … or they simply give the go ahead to the banks to take all the previous QE1, QE2 and QE3 money they have locked up and pump it out to the public in “easy loans”!

        • Silence is Golden

          No disrespect…but more loans ? Really…!!
          Sure you’re not working for the FED ?

          • paul

            SIG … Maybe “new” loans is a bit of a stretch but the bankers can certainly increase the credit limits on peoples charge cards to get spending, the economy and inflation going … and no … I don’t work for the Fed … I’m just “guessing” as to what I might do “if” I worked at the Fed.

      • Jerry

        Read last my post. The timeline is sometime before November 15, 2015. I’m going with September 28. That is the 4th blood moon, and Sukkot.

      • Paul

        Balderdash…that is rubbish.

        • paul

          Paul … can you use a “new moniker” like perhaps Paul2 so that people don’t think I am you … Thanks

          • JC Davis

            Paul,,S That is why I went from jay to jc then jc davis.

        • Jerry

          Spin the wheel my friend, you’re betting with your life.

    • Jeff L

      How long has this discussion about raising rates gone on ? At least five years and it’s ALWAYS next quarter they’ll raise them…….. And the obsession with QE4 is also nothing but MSM BS. We never stopped QE. It’s ongoing behind the scenes……… So predicting something that’s already occurring is a distraction. At best an acknowledgement that one believes the MSM daily spin………. Regarding the dollar….. the Euro is it’s largest variable (yes the YEN is also a big factor) and thus when the Euro goes up the dollar will fall…….. When Greece leaves a big stone around the Euro’s neck will be removed and the Euro will rise. This could happen with Greece moving toward Russia……… The stars are aligning too quickly for a major currency move not to occur before October. October will just be icing on the cake.

      • Jeff L

        btw….. all these scenarios of QE stimulus to stop the bleeding (once it starts) is all based on the premise the leader of this country WANTS to save/help it. That, I believe is a very wild assumption……..Yellen could be in there to do exactly the opposite of what a rational Fed might be expected to do. Yellen/Nobama could just “stand down” while we collapse.

        • jc davis

          DAMN ! Jeff. L I never thought I would agree with you. You nailed it. I don’t have to like you but when you right … your right. JC

          • Jeff L

            That’s because I’m not in the WD exclusive club ( sig, jerry, pfi, al h. art b. colin )………. All I’ve ever done is present the facts as I see them and give MY interpretation…….. Not running for a beauty contest…………

            • Colin - 'the farmer from NZ'

              …All I’ve ever done is present the facts as I see them and give MY interpretation…

              That makes two of us Jeff L
              Have a great weekend

        • Colin - 'the farmer from NZ'

          Jeff L
          I agree.
          The Fed is not there to do anything rational or to help stop the bleeding.
          They are there solely to feather the nests of their bankster owners at the expense of the US economy.
          As long as the ownership model of the FED remains the same the US economy will be gradually bled to death.

          • allen ols


      • dill mann

        Jeff L,

        That stone around fall and EU will have to cover debt…

      • Jerry

        How do you know QE was never stopped? Who told you that?
        How do you know the Euro will go up when Greece leaves? What proof do you have of that? Jeff at least I try to add links to support my comments. All I can see is BS you’ve heard from someone else.

        • allen ols



  2. David Morris

    I still don’t see the dollar collapsing via hyper inflation. Think of the rest of the world holding unspent dollars. As they get spent or are being spent the dollar will strengthen. There could be a big stock market rise or other tangible asset speculations. Interesting comment about gold price over 100 years $20.67 the dollar nearly devalued 100% should it not be $2067.00 an ounce?

    • Cryptic Little Sister

      Look into the Canadian connection between internet companies like Zerohedge and mining interests in Canada.

      • wd


        Why dont you tell us about it…

        • Cryptic Little Sister

          You might begin with the Wynter Benton myth.

      • jc davis

        Cls Can you call yourself Norma. THEN. At least I can finish reading what you post. I don’t know you. Make your self known.

      • aussie jeff

        I was not going to give cls the time of day, but now that others have…..
        Husband….CLS darling, do you know where the hedge clippers are?
        CLS…..try connecting the dots stupid, grass clippers =outside,shed,behind water tank, have you no knowledge of such things,do I need to spell it out to you!!! Do you not know anything about gardening.

        • Cryptic Little Sister

          Snips and snails. Snips and snails.

  3. Smaulgld

    James Turk has been consistent on his calls. Goldmoney would already be far bigger but for regulatory hurdles that have been places in its way.

    Greg is right the AIIB is less about investment and more about China flexing its financial muscle.

    China de-dollarization includes not just AIIB, butYuan clearing banks (up to 14) yuan swap agreements (up to 30) setting up the Shanghai Gold Exchange, setting up a SWIFT alternative and selling US Treasuries.
    China is in a good position that if the IMF dusts them regarding inclusion in the SDR they are establishing their on global financial system

  4. Squinty

    One difference between fiat currency and gold is this. If I want to buy a case of whiskey, wood stove, hunting rifle, a generator, or whatever else. I need to take my gold and trade it for fiat currency and in the process pay capital gains on any profit.
    It makes more sense to me to take my fiat and buy what I need now, and may need in future.
    I believe gold will hold its value going forward but so will other real assets. With out having to pay capital gains.

    • Clare Doll

      OK, I can’t let this go by because I hear this argument all the time. Gold is money and nothing else. In Utah(the ONLY state to recognize gold and silver as money), it is now legal to set a “price” that two people agree on to be “paid” in gold or silver coin so long as we are talking US coinage. Nobody does this because it would go to the Supreme Court. Why? Utah has erased capital gains in the transaction and although they “encourage” you to report the transaction to the Federal Government (so that you can pay capital gains to the Federal Government of approximately 28% plus obamacare 3 1/2% = 31.5% ) Utah no longer has that obligation as they do not collect it. So go ahead and purchase that hunting rifle for $1200.00. Drop them a gold coin and you will have paid (legally) $50.00 for the gun because the Federal Government has issued that American Eagle as a $50.00 coin. This brings up the Supreme Court because now you have a loss of $1150.00 for the item you just purchased with money which although I am no tax expert would cause problems for the two-faced government in its definitions of capital gains on what is really money and not a commodity. Nobody is going to do this right now because the government is too corrupt to allow it to happen and you will spend your life’s savings to take the problem all the way to the Supreme Court. But Utah is obviously thinking ahead . . . . and of ALL the states to think ahead, who would have thought of UTAH??????

      • jc davis

        Clare you said.(Gold is money and nothing else.) Doing the right thing is not always profitable, but sometimes it is the right thing to do. Make The Lord GOD smile, and the rest becomes irrelevant.. Trust without doubt.

        • Clare Doll

          Gold is money and nothing else! I have spent a lifetime doing the right thing and lost a lot in the process. I will continue but one must choose one’s battles VERY carefully, especially when you know you will lose. How do you think I came up with that anaylsis? The rest is never irrelevant, it is knowledge! GOOD and EVIL, if you don’t understand both, you will understand neither.

          • JC Davis

            Clair Good points. Yet in evil I prefer to be a harmless dove. You do not have to know evil to know good. Just must be willing to know good. Evil is easy. Evil threw fear of these things coming will over take those not watching the good of the soul.

        • aussie jeff

          I’m with you jc, nice comment.

      • George T (Formerly George)

        If you are having to cash in your PMs in now. you are not setting up a proper plan to have cash on hand to cover emergencies before you purchase PMs OR you have had a big unforeseen life changing event. I don’t see the proper execution of insurance a problem. Mismanagement is always a problem.

      • NC Gal


        You specifically specified gold and silver COINS. Coins ARE “money,” regardless of what they are made of. The twist in your example is that the buyer and seller can agree on the exchange at the face value of the coin, regardless of what one would have to pay for the same item using paper currency or any other payment denominated in fiat currency.

        Your statement about Utah passing a law making gold and silver coins that are issued by the US “legal tender” is exactly the point I made in my post where I said “Gold PER SE is NOT money.” Gold (or silver) that is not declared “legal tender” is not money. It is a commodity or asset that can be bought or sold for fiat money OR bartered for other goods and services directly, but it’s NOT “money” except in specific formats and under specific laws. I agree with Squinty’s analysis.

        • JC Davis

          NC GAL If gold is not money why trade it at all? Everything real is real money. fiat is fake not real. It is in place threw faith. When the doubts destroy it another will replace it. So how much fake will one take for that real gold, copper, Land, ect..? Fake will fade.
          Allen Greenspan said “In the absence of the gold standard, there is no way to protect
          savings from confiscation through inflation. … This is the shabby
          secret of the welfare statists’ tirades against gold. Deficit spending
          is simply a scheme for the confiscation of wealth. Gold stands in the
          way of this insidious process. It stands as a protector of property
          rights. If one grasps this, one has no difficulty in understanding the
          statists’ antagonism toward the gold standard.”

          • NC Gal


            You say everything real is real money. Money is only a means of exchange for other things, so following your thinking, real estate, antique cars and artwork are money. Gold is only money when it is in a form that is “legal tender” that can be used to buy or sell other tangible things. You certainly can’t call bullion bars money. They have no utility or value unless they are either bought or sold. Likewise for gold jewelry.

            The value of anything is what a willing buyer is willing to pay and what a willing seller is willing to sell for in an arms-length transaction. (The arms-length part does away with “for you, a special price” thinking in dealing with people close to you.)

            Gold is generally a commodity or asset, regardless of the form it is in (bars, jewelry, or ore). Gold coins that are legal tender are the exception, but even there, their VALUE is in the “eyes of the beholder.” In other words, they are only worth what people are willing to pay for or sell them for.

            The paper shares in gold futures being traded on the Comex are NOT physical gold. They are no different than oil futures, corn futures, etc. and they are traded like all other commodities, except that each ounce of gold has been hypothecated so that 100 people “own” it. It’s all a casino, playing on people’s own lust for profit.

            It isn’t money that is the root of all evil; it’s the LOVE of money that qualifies for that, and behind all of that are the people who control the money because of the power it gives them over the rest of us. That’s all I am going to say on this subject unless it surfaces again elsewhere.

  5. Anne Elliott

    Very good interview. In his final comments he sounded a lot like Catherine Austin Fitts – there will be “a minefield” volatility for the next few years, but if mankind can get past that, technology will usher in a better world. I hope so! I guess I just don’t have a lot of trust for people in high positions of power. “Power corrupts, and absolute power corrupts absolutely.” The Fed covers for their buddies the bankers and the wall street execs, the bankers and the Wall Street execs are just out to get more profits for themselves – where does that land the average Joe? This is why there are bread and circuses in America today – it’s our own version of “extend and pretend” in order to keep the masses quiet. Extend the good times for as long as possible by giving free phones, free lunches, food stamps, and utility help; and pretend everything is still good and the American dream is still attainable.

    • Silence is Golden

      There is no such thing as a “free lunch”…always a price to pay……OUR FREEDOM.

    • Colin - 'the farmer from NZ'


      ” the Fed covers for their buddies the bankers….”
      how about
      “the Fed covers for their OWNERS the bankers….”

      “Where does this leave the average Joe”
      Ummm………… as poor as a church mouse!



  6. Jerry

    Greg, it appears we’ve all been hoodwinked by the central banks.
    According to this article the central banks are planning on going to a digital currency system by October.
    This fits the timeline for a September collapse that we’ve been talking about. It also fits the timeline of a ” post crisis meeting” (Financial Stability Board terminology) with the Basel Committee and G20 in November.

    The bigger question is, what role will gold and silver play in post collapse if this theory proves to be correct? This digital currency system appears to re-establish a means for everyday retail trade with the central banks. Another question, is this the secondary #### dollar Jim Willie has been talking about? If it is, it will have less than 70% of its current value.

    According to my source, this move to the digital currency system has been the plan from the central bankers all along. Precious metals was just a funneling mechanism away from the current fiat system. It gives them absolute control and power over the worlds banking system, and helps bring forth the structure of a New World Order that they’ve dreamed about.

    • Cryptic Little Sister

      Jerry, be careful of your “sources.”

      Look into Agora Inc.. I do believe it will interest you.

    • NC Gal


      I made that point in my post before I saw your post. This electronic currency is what David Rockefeller told Aaron Russo about, only Rockefeller was talking about everyone being chipped as part of the new system. Apparently the new system arriving in October will not need us to be chipped.

      That being said, I noted that the article you linked to is part of the Stansberry Research material and I have a very negative impression of that body of work, even if there is some truth buried in there amongst the hustle. I have also noted that the many predictions you have put forth from your “source” have not borne fruit or come to pass, so it would seem to me you are being caught up in a web of disinformation. Good disinformation contains some truth or it would not be credible, but I would caution you to be more selective in what you swallow as truth.

      I did the book production for the late William Cooper on his last book, “Oklahoma City: Day One,” and Bill always emphasized checking and triple-checking sources before putting the information out as being true. “Trust but verify” is a good maxim to follow. I know you try to use evidence-based thinking as much as possible and some of what you share may be credible, but I think only time will tell what is true and what is not.

      • Jeff L

        NC says… (Jerry) ” I have also noted that the many predictions you have put forth from your “source” have not borne fruit or come to pass”…………….. Having a “source” makes one fell more important and, of course ” more informed than the rest here…… I tire of the continual “talking down” so many of these posts insert. Like the rest of us are still less informed…… That, along with the continual “paste and cut” mentality has gone viral here….. Personally, I’m more interested in what everyone thinks here, not what someone else thinks (pasting another article)…….. I guess it wouldn’t be so bad if these individuals would stop telling me how “we don’t get it yet”……How demeaning………. But of course these characters have also designated who the “members” of the WD club are……….. You know……..” sig, jerry, pfi, al h. art b. colin “…….. that must make them feel “special”………. I’ve already been called a “Nazi” (such a brilliant rebuttal) here so what other loser remarks will come my way ?

        • Jeff L

          A perfect example right below my post submitted by Jerry……..”For those of you who are awake, you might find this information about the Financial Security Board interesting”…………………… ” For those of you who are awake “?? Jerry, you use this phase continually. Along with other demeaning statements. Are you here to share OR to place yourself above the rest. Obviously it makes you feel superior, you know, “more informed”………. Nazi Jeff

        • Silence is Golden

          Jeff L,
          Take this site for what it is….a platform to discuss topics of interest. Don’t try and make it something that only caters to your desires or tastes.
          I don’t feel special BTW…..so please refrain from painting everyone with the same brush. Nor do I have membership to any special club. I find your comment to be offensive and lacking respect.
          Your case for “Sharing” opinions is one thing…and opinions are just that….subjective thought processes. Everyone has a right to express themselves (as you have done) and if YOU gain something from that, then try to be content. Don’t try to take away the open nature of the “giving” (cut and paste as you put it)….others don’t have the time or energy to do the research for all the material…that you so eloquently discard as being redundant.

          • allen ols


        • jc davis

          Jerry don’t speak for me , you , or anyone else. We are all equal here. Jerry cares enough to post information. He don’t have a need to, so for good information let us not offend any.

        • Jerry

          Jeff, NC Gal.
          Its your prerogative to believe whatever you want and voice your opinion. And its mine as well.

          With the information I recently posted, there really isn’t much left to say. You either get it or you don’t. This isn’t economic philosophy 101 like you both think it is. Its real life, and the final exam that’s coming will determine whether you live or die.

          My guess is, with your comments, that you will both do well since you’re SO SMART!

          • Cryptic Little Sister

            You do seem to have an agenda, Jerry.

            I have my eye on you.

            • Jerry

              Bring it on MF.

      • wd

        NC Gal,

        Jerry won my respect when he predicted the weekend something ominous was to befall us when the Ukraine plane went down. But there is some contradiction in his sources…one says US will be isolated and then he talks about a NWO where we are under one system, one set of rules…. Putin and Obama will come on stage holding hands and say ok this is our new plan…

        It wont and cant be both… Jim Willie, PCR, Celente and others believe US will go to war to save its system.

        The AIIB is a good example…all our allies are running to that organization in contradiction to the US’s wishes, because they have to survive and if they are pegged to the dollar they wont!

        • Jerry

          I went down the Financial Stability Board rabbit hole, and discovered that the reset is being orchestrated by the central banks and the city of London corporation. The proxy wars being fought are being used to set the stage for the next phase. One world government. And to accomplish that they have to isolate and then destroy the United States.
          I have come to the conclusion discussing economic trends and forecast are a waste of time. When I hear people like Jeff bagging on me, I realize he’s stuck in the old paradigm and doesn’t get it.

          • nobody

            NC Gal, delighted to agree with you Stansberry Research is questionable with kernels of truth buried in the hustle (very well put), and therefore, I’ve also been delighted when a good mind like Jerry’s is willing to sift through it all and report here for those of us (me) who can’t stand that stuff.
            Thank you Jerry.
            We, all of us are way, way up the creek here, trying to decipher an encrypted future -and doing so with, as Fitts suggests, essential missing pieces. She also goes on to agree with Dolan and Farrell that there are extra-dimensional forces in play as well. Now there’s another level of reality -believe me, I’ve long stared into that black hole.
            Thanks to everyone for this banquet of thought and especially to Mr. Hunter for providing the forum. I can’t contribute (my husband was brain-damaged through employer negligence and lost his career and the kids and I are scrambling) due to a blood-curdling collusion between insurer and state –just one example of the many, many losses of our rights, of our choices, of our options -that is already gone. Not coming down the pike but already gone.
            And everyone here gets that, I think. It’s not a coming collapse but something we’re all already caught and struggling within.

          • dill mann


            Always remember the best laid plans of” mice and men”..China does not like the west especially the UK.

            There is always a ying and yang to life….Their system has to better than this one….BRICS wants to cut off west to a degree…( Only use their products etc). I consider US an empire
            run by the evil overlords…

    • Jerry

      NORAD getting the hell out of Dodge. Or in this case Washington DC. Who can blame them, because when the collapse comes, Washington D.C. would be the last place I would want to be?

      • allen ols

        Jerry, yup, saw this on another site, lol, more “triggers” as bill holter writes about.

      • jc davis

        Jerry it is a 10 year contract I doubt it will get built in time to help protect any from a EMP. If so I doubt any one from this site will be invited to visit ..LOL

    • Jerry

      For those of you who are awake, you might find this information about the Financial Security Board interesting.
      When you understand who they are, and the role they play with the G20 and the world economy as a whole, then you will come to the conclusion (like I did) that its a waste of time talking about markets, and global economies, without entering them into the discussion. They are for all intents and purposes holding the reins of the global economy.

      • allen ols

        I watched the video and another one attached, with David Jeremiah. He talks about all the platforms in place that if the anti-christ should want to return today, everything is in place. lol (i am not a pre-trib-rapture guy). never the less, one of my old church pastors Rob Morgan from the free will baptist church here in nash. is a shadow writer for D. Jeremiah, a real kind man.


    • George T (Formerly George)

      This link goes to a commercial site hyping garbage (IMHO). I do believe you are right that there will be a new currency, I just don’t see it being electronic with all the turmoil that I see in the coming storm. Currencies are faith based just as banks. The only reason that US citizens trusted the US dollar after FDR stole half of their net worth is that we were an export nation and most of the good we produced here were not impacted visibly because it was hidden in deflation. We don’t make anything here much and we are going to see real inflation. My Blackbean Progresso soup has gone from 10/$10, to 8/$10, to $2.29 each and these are sale prices. That’s the ground the price covered in 18 months. That’s not 2%. My Bogangle’s Ice Tea has gone from $1.00 to $1.25, that’s a 25% increase for water, a cup and tea (no sugar for me). People on the govt dole are going to be in for a rude awaking.
      I think that I am going to lose my assets in my 401K but I can’t pull anything out as its structured. I think the government is going to steal it contrary to letting Wall Street get it. With Stealing 401Ks and other assets in the bank, the govt can pay its lackeys for a few years.

      • Jerry

        I totally agree. If it were me I’d pull that 401K and pay the penalty. One half of a loaf of bread is better than no bread. I own two companies and emptied my bank accounts of both, except for operating expenses. One of my sources ( I talk about here) is a guy I grew up with than landed in the Fortune 500 top 50. Guess where his money is? In a bank in the Cayman Islands.

        • wd


          Good point! Two things that continually go unreported is:

          1) The amount of wealth ( real wealth) that is leaving the states and going offshore.
          2) The underlying economy of dying businesses, much older workers still staying employed
          3) The amount of workers 30 and under not in the workforce.
          4) The still high number of foreclosures and defaults

  7. Jerry

    Greek president in Russia. Goodbye EU. Hello mother Russia.

    • allen ols


      Of course behind the scenes, Putin and whats his name from Greece, have a deal going from as far back as when Merkel and Greece went to Russia to chat with Putin.

  8. Billy

    That was a great interview, Mr Turk was direct and highly knowledgable on all matters. Its sad how many people have no clue what is going on worldwide, here in Australia the average Joe has no clue what the governments and banks are doing. Its gonna effect everyone.

    When he talks about Russia having the Resources and China having the money, The bible states in the book of Daniel calls them the King of the East.

    Everyone says Greece will exit and that is highly likely but i believe when this next world crisis hits, more than Greece will exit, the EU will be only ten nations not 28.

  9. Jallen

    Another Great interview! Based on your interview with Mr. Turk, I can tell you what will trigger the rapid crash of the dollar. WHEN CHINA NO LONGER ACCEPTS DOLLARS!
    For that to happen, oil contracts will be priced in Yuan. What happened to England is about to happen to the USA; Humpty Dumpty sat on a wall and Humpty Dumpty had a great fall. Our Senate has become the Roman Senate reincarnate. Greg, Your website including your fine group of commentors are Paul Revere warning Americans the Yuan is coming. The Federal Reserve is a cancer to the dollar and derivatives are a house of straw and the Big Bad Wolf is at the door. Major banks will become Barbers providing haircuts for their depositors. The Plunge Protection Team will become a major investor in the Stock Market. Debtors prisions will make a comeback with no Get Out Of Jail Free cards.
    Americans will choke on debt because they belived in the great corporate lie ‘YOU DESERVE (Whatever they are selling)’, you only deserve it, if you can pay for it!
    Is Devine Providence about to Judge America? Is the California drought a sign of things to come? America has made many enemies with its many wars and will 9/11 mark the beginning of the end of the American way of life. Food for thought.

  10. anni

    Greg I so appreciate you. You are my hero. So grateful you report “the news”, in the face of so much untruth, misinformation, and down right lies. Not to mention your commenter, they are the cream of the crop. Even the dissenter help because they keep a person aware
    the other stuff that is out there.

    • Greg Hunter

      Thank you Anni for your support and kind words.

  11. Russ

    Thanks for the great interview Greg. James Turk has great insight; given the right question and enough time he can explain his thoughts well enough that even a knucklehead like me can understand. I just don’t understand why so many people don’t see this event coming. Maybe they’re suffering from a Head-in-Sand affliction; it seems to be going around. They’ve got to see that things aren’t right, maybe they just don’t want to know.
    That said, while I understand holding physical PM going forward, I don’t get stocks at all — even shares of companies that deal in real tangible things that we need. Those shares are denominated in dollars or some other non-tangible. Maybe the idea is to hold that “paper” until the storm passes, but this financial storm could go for many years. Who’s to say what that paper will be worth on the other side of this event. So I’m all out of the stock market and fully deleveraged.
    Neither borrower nor lender be…
    Thanks again.

    • Greg Hunter

      Good advice Russ!

  12. brian

    You cannot prepare for the collapse of your society, you can only try to prevent it from collapsing.

    • diane

      I sure agree with Brian. We must try to stop this debt crisis. . It will mean abandoning the failed Marxist economic theories. …they have never worked and they never will.
      Time to get rid of neocons and leftist Marxist socialist failed systems.
      Let the free markets save the world!

      • Diane Ryan

        Diane, who is going to lead this revolution? The Republican Party? Fox News? America’s self-censored 501c3 churches? Look what happened to Presidential candidate Ron Paul when he suggested that America return to real money and ‘The Golden Rule’ (Matthew 7:12).in foreign policy.

        As for hope for fixing DC, I honestly think that horse has left the barn. Patrick Henry, in his ‘Liberty or Death’ speech warned us about false hope. He said, “It is natural for a man to indulge in the illusions of hope. We are apt to shut our eyes against a painful truth”.

        A painful truth is that we Americans have squandered our Founders’ Republic. It is bankrupt, both financially and morally. It is gone and not coming back. History is quite clear that something(s) will arise from the ashes of this once-great country.

        I do not agree with Brian that we cannot prepare for chaos. Our family puts its faith in Proverbs 22:3, “A Prudent man sees danger and takes refuge, but the simple keep going and suffer for it”. We are committing our precious time and resources to help our love ones survive the transition and hopefully molding it.

        • Silence is Golden

          Don captured this very well in the words ……”the day the music died”. Those days are not coming back.

        • dbcooper

          Cheers Diane, I have to agree with you … We are GOTS; We are as prepared as we can be at this time and think Greg should consider interviewing some of these commenters as so many of them appear to be really really smart… Not to be insulting… I have to try to just sit back and take it in… very little ‘goood’ news these days… that said… Thank the Lord for God Guts Guns; St Johns Wort; silver & Lead: Greg Hunter ; various other Watchmen.

          Greg , you do us all a great service… we are the 1%ers… what happens to all the rest is a wait and see deal… we all need to pray and repent.
          Yours in Faith and Liberty, FN, DB

          • Greg Hunter

            Amen DB,

        • Art Barnes

          Liked your post but I believe that what will arise out of the ashes is a third world country, all around the western front out here you see signs that thre is already far too many to count. ab

        • Chip

          answer is no one will lead this revolution. anyone speaking of revolution or societal decay or loss of individual freedom is being branded a kook in the MSM…

    • George T (Formerly George)

      how is that going to happen. I think we can slow the impact velocity but we have passed the point of no return economically. There has to be a crash to deal with all the bad debt and correct the inflated and/or manipulated asset prices. only in a properly functioning free market do you get true price discovery, not the garbage used to rip us off by the US govt and Wall St.

  13. allen ols

    greg; sig, jerry, pfi, al h. art b. colin;

    I don’t get it, James T. says the stock market will soar when the economy collapses. How can this be? If the economy and dollar collapse, wall street collapses be cause wall street is propped up by fed money printing. It starts at 27:40 min.
    mark. He says it is like zimb. when they collapsed the stock market soared. I thought that was because zimb. had other stable currencies to rely on in time. And the zimb. dollare was not a WORLD WIDE RESERVE CURRENCY.

    please explain.

    • Greg Hunter

      People will dump currency and go into stocks is the simple answer.

      • wd


        what will happen AFTER this stock market soar…does it collapse also?

        • Greg Hunter

          I have no idea. I think many brokerages will go the way of MF Global.

          • Smaulgld

            People with means will go into stocks – they are already there
            Others who dont have any money will really be hit as they wont have any tangible wealth if they only have cash

          • Brian Stemmerman

            Money will leave the markets and move into gold and silver. At that point we will see QE 4. At this point, not sure if anyone knows the final outcome. My wife wants me to set up a joint Sap Ira. Having motivation problems. Thanks Greg for the many years. I think you should do a rap up for the last 6 years. You need to have someone interview you.

        • jc davis

          It will turn the world into a new currency. I think the currency not yet announced by China.

        • Silence is Golden

          Stock Markets are what the name implies…A Market….where stocks are traded. You may be referring to the indices …which are the metrics used to measure overall market prices….when speaking of collapse…and not the Market itself. In which case that is a normal adjustment in light of the artificial levels we find them at today.

      • allen ols

        greg i posed this to Bill Holter;

        allen ols says:
        April 8, 2015 at 11:54 am

        I listened to James Turk usawd, and he says stock market will soar after we have our economic collapse. I thought wall street was propped up by QE? He compared to Zimbabwe. dollar crash and how their stock market soared afterwards.

        I thought stock market, economic, and dollar collapse were synonymous.


        Bill HolterBill Holter says:
        April 8, 2015 at 12:22 pm
        he is saying the stock market may go higher but, not as fast as the currencies drop. Zimbabwe as an example. I believe QE4 will come about as a reaction to a dropping market or even a crash, hyperinflation then is unleashed.

        • allen ols

          So I should get into the stock market so when the economy collapses, stocks will soar and i can sell, and really I dont need gold and silver now, just wait for the market to soar. Jonathan Cahn says get out of wall street and everything connected as it will crash.

          • Silence is Golden

            I must admit that the whole saga is confusing to the layman. However in your quest for knowledge your logic tells me that you are searching for “Profit” OR PPP. The whole concept of this episode in history is about levels of indebtedness brought about by a Ponzi scheme in the form of fiat currency, now capable of imploding the financial system. We are on the verge of a catastrophe and the immediate concern is (AS YOU ARE WELL AWARE) to protect yourself…whether that be guns, ammo, food, shelter, water, medical supplies, gasoline….or wealth through PM’s.
            Here is my 2 cents on what JT is talking about…
            The collapse of the economy would be synonymous with a collapsing currency. Agreed ?
            What happens to the price of goods / services/ commodities in the scenario of a devalued/collapsed currency….severe inflation then (potentially) Hyperinflation…(extreme cases).
            Understand full well what the Stock Market is…or more importantly …..what is the METRIC that is used to determine their respective levels. These are commonly known as INDICES …DOW, S&P, Russell ….are all aggregation of mean PRICES (expressed in Dollars). The index is really just a aggregated price of the stocks that make it up.
            To consider the dilemma you pose….firstly consider the crux of the equation. An inflated Index still has as its root the USD. Buying into or selling out of …you still have the task of exiting the increasingly worthless dollar to make some gain financially. The market may give appearances of inflating…..but like everything else….it becomes increasingly more expensive to buy. There is no fundamental to an out of control stock market based on a devalued currency…hence you would be just wasting time and potentially losing a great deal more. There is absolutely no guarantee that the Stock Market would or could outpace the loss of purchasing power in the Dollar either. If its INflation protection that you seek ….then PM’s are the place to be. As a side point …Does a DOW at 30,000 give you piece of mind knowing that those Corporates that make it up, are not capturing new market share or growing organically, where profits are stagnant or diminishing? I would be running in the opposite direction.
            Perhaps I can point you to what some of the World’s best minds are doing in preparation:
            That’s not financial advice btw. Nor does it imply he is correct.
            Best always

            • allen ols


              tks al ols

              • allen ols

                btw sig, that guy is ALL IN CASH, WOAH!!

            • Brian Stemmerman

              You are forgot feer and confidence.

        • Smaulgld

          I saw a chart of the stockmarket during weimar – it wasnt bad for a while it kept pace with the hyperinflation before getting overwhelmed

    • Jerry

      what kills me is that people are to stupid to see what’s right in front of their face. It wasn’t a knee jerk reaction that all of the countries joined the AIIB last month. It was a preplanned calculated move based on information they have been receiving for months. Japan would have joined them to, had it not been for the fact that the western cabal threatened them. Even animals can sense danger before a disaster, but not us. Like I said before this event is in process right now.

      • allen ols

        Total agreed, i will stick with gold, silver, mostly tangibles, ie, food, gen sets, seeds, chickens, and avoid wall street as they have proven they are a rigged market run by criminals, even bankers.

        Jim Rogers says for a long time get out of paper, period.

    • jc davis

      I spent an hour trying to explain this. Someone else go deep into this. Sig , Paul M, somebody.

      • jc davis

        The economy is different then the stock market because the stock market is rigged by printing money. The economy is real produce at a value. The real value will crash, yet the fake money increases in stocks giving a false illusion of prosperity. Then the stocks will crash along with the reputation the illusion it has created. The economy crash is before the stock crash.

        • allen ols


          thats gotta be crap JC. 🙂

          economic/wall street collapse is one and the same.

          • JC Davis

            Funny brother Allen. On this note.
            I think the commenters on this site forgot more then most people will ever learn. SIG gave a lot of info.

        • dbcooper

          right on, the stock market is another MSM (if you will) illusion. Yours in Liberty, FN, DB

    • Colin - 'the farmer from NZ'

      Greg – great interview – James is like Bill, another straight shooter!

      Just my take but I think as this event unfolds the US$ will accelerate in its loss of status as “the” world reserve currency. The US stock market will go up just as happened in Zimbabwe, but this rise in stock prices will really only be in US currency. This will be a meaningless rise in value as the end effect will be not be a rise in the stock market but a crash in the US$.
      From where I am standing the stock market is already massively over valued for many reasons not the least of which is the ridiculous level of buy backs made possible by ludicrously low interest rates that in real terms are actually negative. However this overvaluation probably won’t stop one more massive bull run before the total collapse begins.
      I think the end will come with a very loud bang and a whimper as well!


      • allen ols

        thanks Colin,

      • jc davis

        Colin if I may question why will the stock rise ?

        • Colin - 'the farmer from NZ'

          Just my opinion as a farmer.
          My two main reasons would be:
          #1 Stock buybacks funded by continued QE. The US financial system is just a giant ponzi scheme. No-one can taper a ponzi scheme
          #2 Greed and the gamblers wanting to ride one last bull run

          • paul

            I might add … the stocks that will more likely rise will only be the ones that have physical assets and/or productive capacity … while financial type stocks for example that “just shuffle paper” and don’t own real productive machinery and physical assets will not keep pace in any Zimbabwe type inflationary explosion.

    • Michael Haller

      Hi Greg,

      When a currency hyperinflates, stock markets also hyperinflate because they are denominated in a worthless paper currency. However, if the stock markets are priced in “real” money (silver and gold) they are actually collapsing in “real” value.

      I noticed that when the Wiemar Republic’s currency hyperinflated, gold stabilized at approximately 1300 Marks per ounce from January 1920 to January 1921, but by January of 1922 gold was 4000 Marks per ounce, by January of 1923 gold was 372,500,000 Marks per ounce and the price increased exponentially from their. There will be a similar action in worthless Federal Reserve Notes. The real reason gold has remained relatively stable for the last few years is because most people are still asleep. I predict as the audience for usawatchdog increases, so will the price of gold and silver. I’m just glad I found you before most everybody else. Thanks Greg!

      Gold and silver investors only need to be patient.

    • brian

      Well I dunno, how about Proverbs 22:16?

      He who oppresses the poor to increase his wealth and he who gives gifts to the rich;both come to poverty.

      I mean if you buy goods made from corporations that exploit slave labor and non existent pollution regulation are you not oppressing the poor? If you use money created for the sole purpose of empowering evil men and edifying the positions of those who have become gods unto themselves are you not giving gifts to the rich?

      Given we are in the presence of the living God would it not be better for us to repent and seek to curb the rise of such a wickedness from thriving in our midst, rather than shrink away from it and let it run its course unchallenged?

    • Jerry

      Forget that comment. There won’t be any stock market once the reset occurs. New players. Different rules. Nothing will be the same.

      • allen ols

        Jerry, It is way over my head but SIG had a really good analysis and a knack for breaking it down. 🙂 I resign myself to just tread simple. lol

        tks for ur stuff, and Colin really has some great stuff also. Keep up the good work, and don’t let the neg. comments get u down. al ols

  14. allen ols

    Discovery of New Element – a major research institution has recently announced the discovery of the heaviest element yet known to science. This new element has been tentatively named “Administratium”.
    Administratium has 1 neutron, 12 assistant neutrons, 75 deputy neutrons and 111 assistant deputy neutrons, giving it an atomic mass of 312. These 312 particles are held together by a force called morons, which are surrounded by sycophanions and vast quantities of lepton-like particles called peons.
    Since Administratium has no electons, it is inert. However, it can be detected, as it impedes every reaction with which it comes into contact. A small amount of Administratium may cause any reaction over 4 days to complete, when it would normally require less than a second.
    Administratium has a normal half-life of 3 years; it does not decay, but instead undergoes a reorganization, in which a portion of the assistant neutrons and deputy neutrons and assistant deputy neutrons exchange places.
    In fact, Administratium’s mass will actually increase over time, since the reorganization causes some morons to become neutron forming isodopes. This characteristic of moron-promotion leads some scientists to speculate that Administratium is formed whenever morons reach a certain concentration which is referred to as “significant quantity”. This hypothetical quantity is known as “Critical Morass” and you will know when you see it.

    • dbcooper

      Dear Allen… I do not know if you came up with this but regardless you are killing me!! Laughing these day is rather rare and desired… Thank You.. DB

      • allen ols


        COPIED/PASTED, sorry jeff l. 🙂

  15. eddiemd

    God will provide to those who have faith.

    Also remember that the day is coming when people will either deny Christ or have their heads removed. We can see the future demonstrated by the execution of Coptic Christians and others in the middle east. Prepare your soul and spirit now for the coming holocaust.

    1 Kings 17:7-16

    Elijah and the Widow at Zarephath

    7 Some time later the brook dried up because there had been no rain in the land. 8 Then the word of the Lord came to him: 9 “Go at once to Zarephath in the region of Sidon and stay there. I have directed a widow there to supply you with food.” 10 So he went to Zarephath. When he came to the town gate, a widow was there gathering sticks. He called to her and asked, “Would you bring me a little water in a jar so I may have a drink?” 11 As she was going to get it, he called, “And bring me, please, a piece of bread.”

    12 “As surely as the Lord your God lives,” she replied, “I don’t have any bread—only a handful of flour in a jar and a little olive oil in a jug. I am gathering a few sticks to take home and make a meal for myself and my son, that we may eat it—and die.”

    13 Elijah said to her, “Don’t be afraid. Go home and do as you have said. But first make a small loaf of bread for me from what you have and bring it to me, and then make something for yourself and your son. 14 For this is what the Lord, the God of Israel, says: ‘The jar of flour will not be used up and the jug of oil will not run dry until the day the Lord sends rain on the land.’”

    15 She went away and did as Elijah had told her. So there was food every day for Elijah and for the woman and her family. 16 For the jar of flour was not used up and the jug of oil did not run dry, in keeping with the word of the Lord spoken by Elijah.

    Revelation 20:4

    And I saw thrones, and they sat upon them, and judgment was given unto them: and I saw the souls of them that were beheaded for the witness of Jesus, and for the word of God, and which had not worshipped the beast, neither his image, neither had received his mark upon their foreheads, or in their hands; and they lived and reigned with Christ a thousand years.

    • allen ols


      What happened to all the other people during the time of drought and famine, during the time of Elijah and the widow woman and the barrel of grain and cruse of oil?
      I guess we need to be a PROPHET of Elijah’s caliber. I would rather be like Joseph, stocking up for 3.5 yrs.

  16. patrick

    check out valaurum .com 1/10th of 24 k gold $10.00 each. This is my emergency money, looks and handles like money.

    • George T (Formerly George)

      This has got to be a scam
      1/10 oz gold
      1200/10=120 plus a higher mint fee

      • Greg Hunter

        I agree. Kitco.com sells a 1/10th ounce U.S. gold Eagle for around $135.00.

    • jc davis

      Patrick I just don’t feel it will replace a 1/10 oz gold. Interesting concept.

    • paul

      Patrick … you are confusing people … this gold note is 1/10th of a “gram” … there are about 32 grams in a one ounce gold coin … so you will need 320 of these “physical gold notes” to equal a one ounce gold coin … this is an excellent way to hold physical gold in your wallet for buying things (but only if you can purchase them for $3.75 each) … buying them for $10 dollars each means you are buying gold at $3200 dollars per ounce!!

      PS: If the US ever comes out with a new $10 dollar legal tender bill that contains 1/10th of a gram of gold in it … they will have automatically re-set the gold price to $32oo dollars per ounce!

  17. NC Gal

    Greg, I totally enjoyed listening to James Turk. Thank you for having him on! He’s pleasant to look at and his energy is sunny despite the problems he identifies. That being said, I question some of the things he said and predicts.

    First of all, gold per se is NOT money unless it is declared a legal means of exchange by a given regional authority, and then only at its face value. A silver dollar coin has a face value of $1. Its value as an asset is something else entirely, like collectibles and real estate, which can be sold or bought and are valued in terms of the existing currency system. His noting the price of gold 100 years ago and comparing it to the price of gold today does not factor in the tremendous erosion of purchasing power in the currency itself. The value of the gold hasn’t changed. The value of what can be used to buy it has.

    Second, regarding the liquidity of gold and silver, that will depend on the availability of markets in which to buy and sell them. All “property” is subject to the laws that govern these exchanges, and those laws can and do change. History may NOT repeat itself this time around, and if we do in fact end up being controlled by a global tyranny that is free to do whatever it wants, including eliminating all opposition to its actions, then none of what he says regarding protecting ourselves holds up.

    The question of who (and what) will be in control is central. Yes, farms will still be there, but who will control their use, ownership, and what crops are raised? To assume that current ownership contracts will still be valid under a truly global tyranny is naive. Further, suggesting that we follow China’s example in preparing for what lies ahead assumes we are as sovereign as China is, and we aren’t. Also, if the currency collapses, people may WANT tangible things (from real estate to boxes of soap powder), but not be able to PAY for them. It’s going to be very messy and noisy along the way.

    His prediction of an online way of exchanging gold and silver (I assume he is NOT referring to bitcoin) is very close to the digital accounts that David Rockefeller told Aaron Russo would be used to control people, although Rockefeller was talking about an implanted chip. Online accounts wouldn’t require a chip, but they would require some means of accessing the accounts in real time, perhaps through using smartphones or something like that. Either way, it means that we would be dealing with a totally electronic system, and physical gold and silver would only be tangible assets that could be bought and sold within a system like that, not actual money.

    I CAN see the future, to a limited extent, and what happens will depend on which of the 12 timelines a given person is riding toward their destination. When Turk says this week is critical (as Bill Holter also said), that fits with my having seen that the timelines begin fanning out from each other and beginning to have different experiences on April 16-17, so what one person experiences may be quite different than someone else does, after that point in time.

    On MY timeline, thing will heat up from now until September. In September, I am expecting a very large earthquake that will usher in “the time of cataclysms,” which I expect to occur from October onward. It will be a time of great destruction and loss of life and financial systems will only be part of that.

    I don’t think any amount of preparation can protect against the combination of a global tyranny, widespread war, and multiple natural disasters. For me, the most important preparation is a spiritual one. I don’t want to live in a world that is controlled by the elites who do as they please with the rest of us, so I am prepared to die where I am or be “taken up into the clouds” to be with Christ. I honestly don’t expect to experience any other alternative and I wouldn’t want “more of the same” that we are experiencing now.

    • Jerry

      NC Gal
      Its a humbling thought to think that you would rather be dead than live in a world ruled by the elites, but unless you kill yourself you may not have that choice. My experience with death has been that many people say they aren’t afraid of it, until they get to it, and then they change their minds and want to live. You are right though, being prepared spiritually is more important than anything else. My preparations and warnings are for the sake of my family and other people and not myself. I have been a survivalist all my life so when the SHTF, its just another day for me.

  18. R . Stephen Dorsey

    You are doing an excellent job in getting premier minds into your interviews and it is most appreciated. These are fast-moving times and tensions are high (among those who ken what is going on), so the thoughts of people like Morgan, Turk, Prins, etc. are just invaluable.

    • Greg Hunter

      Thank you R. you are very kind.

  19. Cryptic Little Sister

    For everyone here: When someone is unsure of himself, he usually tries to make everyone else seem wrong.

    How much gold is OTC? How many tons?

    • dill mann

      Cryptic Little “Troll”,

      Please say something relevant instead off these “hipster” anecdotal question…

      As we tell our children use your words!

      • Jerry

        Dill Mann.
        LOL! 🙂 🙂
        You have to come to the conclusion that Twisted Sister is either a paid government troll, or some nerd living in his mothers basement. Nobody can turn out consolidated rat turds, the way this dude does.

    • jc davis

      Cls go into detail with your question .. As dumb as I am I will give it a shot.

      • Cryptic Little Sister

        Good for you JC.

        I believe that the figures for gold will reveal the lie that premiums reflect demand.

        Sometimes they reflect simple gullibility and ignorance on he part of the buyer.

        And with that the sweater unravels.

        • JC Davis

          CLS I agree 100 %.

  20. Al Hall

    Greg; James is a brilliant mind, but he is not taking into consideration the final NWO planned collapse. He says the collapse he sees coming is much like 2007-08. I believe it will be much worse. And their will not be a quick bounce back in a couple of years.
    NWO calls for 85%+ population reduction(mass killing). No bounce back from this!!
    He is correct on buying physical gold/silver. More of your listeners have probably done this already.
    Also, noted he is living in England? Many of your guests live outside the USA now? I was warned ten years ago to get out also, but for health reasons I can’t. I have read that many of the mega-wealthy have/or are now fleeing this country. Why Turk picked the Uk is beyond me as the Uk is now coming under martial law?? Seems strange?

    • allen ols

      al hall


    • 8Ball

      I believe that his wife is a UK citizen… Also, one of his “Goldmoney” repositories is located in The Isle of Gurnsey which is a tax haven for the rich and connected.

  21. jc davis

    Greg I hit the invisible liked button.

    • Greg Hunter

      I am “like”ing you back my friend.

  22. jc davis

    Greg you could have fit James Turk after KA Fitz or Mr Dent. Putting him next to the absolute Bill Holter interview. Well a watchdog junkie like me is hard to please. Love you Greg. The Bill Holter interview made my year.

  23. Paul Glenski

    Good interview. Thank you! Mr. Turk mentioned “owning physical gold” and I believe that is best. He runs GoldMoney.com which is not 100% owning physical gold, is it? I mean it’s very close but it’s not in your direct possession. If there is a crash, how might that affect GoldMoney or BullionVault? Might their bank freeze deposits? What contingencies do you suspect are in-place to mitigate such situations?

    I ask because where I live it’s very hard to own gold and I have a Bullion Vault account. But I would feel better if my gold was buried in my back yard!


  24. George T (Formerly George)

    I like Mr. Turk, thanks for having him back. A couple points I think he is missing is that when fiat crashes, human nature is going to be that they want something tangible to deal with, not some ephemeral digital bit coin (yeah, the one that Zerohedge wrote that each BitCoin was worth ten oz of gold). If they come out with fiat, no one is going to save it as they are going to remember either being robbed blind because it was in a bank or brokerage account or they are going to remember it loosing value everyday they held on to it. I was in Turkey in the 90’s when inflation was such that locals kept U$Ds, Deutschmarks, or Pounds Sterling to stop the daily drain of rampant inflation. I’ve seen how people act and how the fear drives people when they know that their money is losing value every minute they keep it.
    My take is that we are going to have to have a currency backed by gold and silver (add copper, nickel, palladium, platinum, if you like) with the metals floating against each other, not a set rate of conversion of silver per troy ounce of gold. That’s how bankers and traders made money in times past when travel was hard and dangerous and there would be a more favorable conversion of silver to gold one place over another; its called arbitrage. I recommend as others here have a fiat that is directly exchangeable at the counters of the bank for gold and silver bullion coins or newly minted coins with 90% gold or 90% silver. Its the only way it going to work.
    If we get just a new fiat, people are going to spend every dime they get because they will have learned that it is folly to hold paper {unless its toilet paper 😉 }. And they will have learned that banks are not to be trusted. While the government may want an electronic currency, I don’t see people buying into something that can be destroyed by a good hacker. Just my opinion.
    I also see Mr. Turk under estimating the counter party risk at brokers. With the shares hypothecated ad infinitum and the highly leveraged position of these brokerages, I see utter carnage and the little guy losing out even when it is clear that the assets are his.
    Keep up the good work and don’t let the idiots, haters or trolls get you down.

    • George T (Formerly George)

      one other point… I was taught a twenty dollar gold piece had slightly over 30 grams of gold making a twenty dollar gold piece gold value at about $19.35, missing gold was the cost to mint the coin. I am surprised a gold bug like Mr. Turk misstated this point so I’d like to know how he’s calculating it. This is how the government used to fund itself, minting coins and keeping some of the gold to cover the cost of minting and the cost of government. Gold was valued at $20 per Troy oz not $20.65. I think a lot of this is based on an erroneous Kitco chart that converts London prices to US Dollars. You can tell they have conversion errors because 1935 good old FDR declared the rate of gold to dollars to be $35 and Kitco shows a different rate. There is no way it should be less than that in 1935. At lease, that’s what I was taught in school in the mid 1970’s so if its wrong I’d love to see evidence. I’d love to be reeducated as necessary. I honestly don’t think you can use London Fix in pounds sterling to calculate the price of gold due to arbitrage. At one point in the early 1900s, France was buying US gold but they wanted gold bars because the exchange rate of francs to dollars didn’t make it profitable to take US Gold coins. But at one point, the exchange rate shifted enough to allow then to buy US gold coins to loan to those good Russians. If you want to read a good financial scam, look up how the French Banks marketed these securities.
      Thanks for keeping everything honest.

  25. jc davis

    Bro Lawrence where are you. Hope all is well.

  26. goldbug

    Good interview with JT. You did a really nice job of eliciting information with a minimum of questions. Well done!

  27. steve

    James Turk whilst seems a decent guy has an abysmal record of calling the markets at least over the last 8 years. I say this because to take his advice can loose you money, just a warning to be careful with what he states.

  28. Art Barnes

    When NBC covered the Kenyan Christians killings of two weeks ago or so, they left out that Christians were targeted and Muslims were sparred, just reported that innocent people were killed. That small omission was the heart & soul of the of the story. Brian Williams & the NBC network has been doing that type of reporting on almost every story the last 10 years or so; Lester Holt committed this “Pravda by omission” this time, I guess both B. Williams & L. Holt went to the same omission university school of journalism, but of course, Brian Williams went on to get his Masters at the Embellishment School of Journalism whereby dead bodies can float on dry land.

  29. Art Barnes

    Greg, the Republicats are losing steam on Iran and moving towards signing off on Obama’s deal without a fight, its been recently reported that 30 to 40 Republicans Senators now are leaning towards the “deal”, whatever it is. Seems like they don’t want to inherent a war with Iran, & sounds like big oil & corporate America has gotten to them, as they are licking their chops to sell & buy in Iran’s markets all at the expense of Israel. Our bought and sold Congress will have to pay for their sins against His people, unfortunately the people who live under their rule will suffer along with them. I can’t recall when Congress became irrelevant, must have been when I was working a lot to pay for their bridges to nowhere.

    • Greg Hunter

      Art Barns,
      I think things changed when the Ayatollah said if the sanctions are not lifted immediately after signing in June there would be no deal. He also called the President a “liar with devilish intentions.” Hard to walk that back even for Obama. Looks to me the Iranians are killing the deal because they already have nukes. Just my gut and I cannot back that claim up with a source. Wider war is coming like it or not.

  30. Shawn

    We know that banks are going to fail… Would credit unions suffer the same fate?

    • Greg Hunter

      Probably not because they don’t have as much derivative exposure. (Some credit unions do have some.) Here’s what you have to consider, CU’s are under the Federal reserve system and have FRNs (Federal Reserve Notes). Your problem is not just the banks but the currency. You simply must own real things as a hedge.

      • Shawn

        Thanks! Would they still be closed under a bank holiday?

        • Greg Hunter

          Yes, credit unions are under the supervision of the Fed.

          • Shawn


  31. Chip

    JT, a very well spoken and bright individual. Optimism… Guess it goes with your “fear not” campaign Greg. I’m a bit more pragmatic, more of a “glass is half empty” guy. I also believe in the natural laws of physics and thermodynamics and in general things left on their own trend toward disorder NOT order. As our body of politics does nothing to change or improve our current trend, and the sheeple are blinded by the MSM, I see nothing optimistic about the future. Other than one day we’re hopefully with our heavenly father….

    • Galaxy 500

      Like you i am a student of science, math, logic and that often overlooked thing reality. Your glass is never half empty… even a glass half full of water has air in the other half. I am a pessimistic optimist but you can call me a realist.
      I agree that the current politicians are not only not helping drive order, they are actually attempting to bring chaos. Plus I believe the sheeple are oblivious to things outside their immediate experience but I think the chaos and inflation, lack of jobs, and the Obamachrist’s churning race relations is starting to impact them.
      On another note, I don’t think God wants us to living a life without hope. Obama is destroying hope in America.

  32. Mike M.

    This is much improved insight from a gold bug rather then the no substance babble from Bill Holter. Bill clearly is a financial loser with bunk analysis on gold and modern society where the way we think about money has changed.

    It amazes me that someone could predict a madmax situation and think gold will get them through it. People are not as cynical as many think. We may have some big downturns but we will hold things together and get through it. A lot of the unprepared are the hipsters and well intended people blinded by socialist economics who couldn’t hurt a fly.

    Don’t bet against the people of the USA guys, we many have a lot of people asleep to the economic storm coming, but when our backs are up against the wall we come together. China needs the US too.

    Their are a lot of ways to make money through this of your prepared.

  33. Rock

    Great interview. One thing though, I was a little surprised to hear Turk say he was excited about life after the crash, because of the “advancements in technology”. What in the wide, wide world of sports is he talking about? Is he a NWO technocrat?

  34. Old Dog

    Thank you for all you do.

    • Greg Hunter

      Thank you OD!

  35. diane

    I’m new to the follow the financial/political scene.
    I’ve been a horse race handicapper for the past several decades.
    One thing I’ve learned over years at the So.Calif racetracks is…….show me a man ( or woman) who doesn’t have an opinion of their own and the courage to stick to that we’ll thought out opinion, and I’ll show you someone who has not one chance in a million to end up a winner.
    I respect people here who have their own opinion.
    Number ONE guy is Greg Hunter .
    In my humble opinion.
    Good luck to all who dare to try.

    • Greg Hunter

      You are very kind, thank you.

  36. Jerry

    I find it interesting that Iran has just joined the AIIB. If anyone is facing sanctions and isolation, its us.
    Americans need to wakeup!

  37. mattc

    Would be curious if you’re interested in interviewing Dane Wiginton?
    His work covers geoengineering or altering the atmosphere to produce the desired climate effect.

    • Greg Hunter

      Yes and I have been trying to contact him with no luck. Do you have a phone number or email contact I can use?

      • Mattc

        Atop the home page, click “Contact.” You will be prompted to contact by email or send snail mail to a post office box in California.

        I’ll see if I can find another email address or contact.

        • Greg Hunter

          Look again the, PO Box is NOT in CA.

  38. Terry

    Seems like a lot of people commenting here forget that this is the United States of America. Full of armed to the teeth Americans. There is trouble ahead, no doubt, but we are up to the task if needed. There will be no “New World Order” or “chips” I can guarantee. Our leadership is weak and stupid but “The People” are not. They are getting fighting mad.

  39. Professor Sawdust

    I would like to hear Harvey Organ again.
    All those gold predictions, and that collapse coming soon at the end of last year.

    • aussie jeff

      Ditto……………took harvey off my “can be interesting list” date setting is a dangerous occupation.

  40. Bob Lamb

    Who do all of these countries owe money to?

  41. Desert Rose

    Kudos to you, Greg, for your work on this site.
    I was in journalism for years….they weeded out investigative reporting on papers for years. Print deserves to crash.

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