WNW 185-Iran Nuke Deal Falls Apart, Will Fed Raise Interest Rates, Economy Getting Worse

5By Greg Hunter’s USAWatchdog.com (4/10/15)

The deal to curtail Iran’s nuclear program is no deal at all.  How do I know this?  You just have to listen to the leadership in Iran.  The Ayatollah Khamenei has weighed in along with his subordinates, and they have said that the White House and the President are liars.  There is going to be no inspections of their military facilities, and they are not going to stop enriching uranium.  Also, the President said the sanctions would be lifted gradually as the Iranians complied with the deal, and Iran now says they demand sanctions be lifted at the signing of the deal; otherwise, there is NO DEAL.  They had me at “liar.”  How do you negotiate a deal when the other side calls you a liar and a devil?  Either John Kerry or President Obama knew they did not have a deal or they are incompetent.  Maybe they are a little of both.  I predict right here and now there will be no deal to curtail Iran’s nuclear program.  Ironically, as the Obama Administration is being called out for lying by the Iranians, the White House twitter account is mocking Israeli Prime Minister Benjamin Netanyahu.  Israel is an ally, and Iran is still on the State Department list of countries that fund terrorism.  I cannot make this stuff up.  The White House is negotiating with Iran, and it will not even address terrorism as part of the Iran nuke deal.  Does that mean Obama is okay with what Iran is doing in the Middle East?

Meanwhile, Congress is getting legislation ready that will require it to have a say in the Iran Nuke deal and also will propose new sanctions if there is no deal.  The President said he would veto any legislation that gets in the way of his deal.  The only question that remains is can Congress get enough Democrats to vote to override a veto.  The chances are good they will because this is just way to important for Congress to sit by and watch the President, who now looks like a fool.  I have to say one thing for the Iranians, they have been very consistent over the past several years I have been reporting on this.  The real wild card here are the Arabs and the Israelis, who are now on the same side against Iran.  This is a powder keg situation, and the fuse is lit.  We just do not know how long it is.

Iran is now reportedly sending warships to the Yemen coast.  Egypt is also sending warships and troops.  Egypt and the rest of the world has much to lose if the Strait of Mandeb is shut down by either war or terror.  If the Mandeb Strait is closed, that means the Suez Canal will not produce revenue to Egypt, and things like oil shipments will stop and be forced to go around Africa to get to Europe.

The economy showed yet another sign that it is in trouble.  Wholesale sales have plunged and are joining the declining factory orders.  The March Fed minutes were released, and the Fed is reportedly split on raising interest rates.  My friend Gregory Mannarino of TradersChoice.net called me and said the Fed has turned into a “circus.”  Mannarino contends the Fed knows that if it raises interest rates, the economy gets killed.  I agree.  It really faces two choices and that is to raise rates now and immediately kill the economy or let it ride, but the result is the same.  Almost everyone I talk to and hear about agree on two facts:  What we are doing with 0% interest rates cannot go on, and we are headed for another financial calamity.  Just this week, the Head of the IMF, Christine Lagarde, warned how 0% rates could cause “asset over-valuation risks.”  Jamie Dimon of Chase is also warning of another crash just this week.  This is making its way into the mainstream vernacular.  Does that mean a crash is getting closer?

Join Greg Hunter as he analyzes these stories and more in the Weekly News Wrap-Up.

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Comments
  1. alex kincaid ross

    We all know the end is coming . The only certainty being , the longer it takes to get here the bigger the mess will be, when the balloon does finally go up . You are right on the money Greg keep up the good work.

  2. Donna

    Do you suppose we will ever know the rap sheet on every doosh in DC who came to that town nip and tuck and within a few years became a multimillionaire? Can you imagine what a novel that would make? Corzine still mingles with the gods unscathed. Someone tell me what the difference is regarding who gets prosecuted. Never mind, we all know.

    Lois Lerner off the hook. Hillary, hey what difference does it make? Hillary and McCain running for office — HUH? Stockholm syndrome?

    The thing that is rolling around in my mind’s cage is whether or not we as a country will make better choices in the future (if indeed there is a future). Hello, when your candidate’s minister GD’s America, do you think people’s radar will activate next time? When a candidate openly telegraphs a progressive agenda, at what point do you consider your wife and kids first?

    I got rid of TV totally, stopped listening to talk radio. The only one who purges the bile in me is Michael Savage when it comes to talk radio. He is my only exception. The others get most of their schtick off the Drudge Report. How lazy! I know everything they have to say by 5 a.m.

    And enough with the right/left routine. We are one slow walk from the execution courtyard and these clowns in radio keep trying to put a new wax job on the Bill Kristols, Dick and Mary Cheney, Jeb Bush …. Aaaaaaaaaaaah!

    My brother used to ask me this question whenever I made a stupid decision that reared up and bit me: “Did you learn anything?” Me: “Yes, I will never do that again.” My brother: “Then it wasn’t a total loss, was it?”

    I’m ready and anxious to help put the pieces back together, should we ever get that chance. But, it would be pointless if the bulk of the public doesn’t grasp reality and learn from this.

    • paul

      If we learned anything from Gandhi when he said … “the Fed should only print enough money for man’s needs not his greed” … we would all be in better shape right now!

    • dbcooper

      Donna, I agree with “Shoot your TV!!” We have listened to Rick Wiles … Trunews.com for years and he rarely disappoints; excellent interviews. Greg you are doing a great job and we will continue to tune in for as long as they allow us to!!

      Yours in Faith and Liberty, FN DB

    • frederick

      Donna I too liked Dr Savage very much but his denial of the 911 false flag as well as his Muslim hating which is nonsense has turned me off Also the way he belittles any callers that he disagrees with is extremely arrogant and infantile in my opinion

  3. Donna

    Needs no translation.

    Pick a country, any country. Oozing of arrogance and incompetence. God help us.

    https://www.youtube.com/watch?v=_iTQYIYZBjM

    • John

      I agree Savage can be caustic at times, but he is usually right. What he says about a nation being defined by it’s borders, language, and culture is spot on, and the current administration is doing everything it can to blur the lines. We are in trouble. Great article Greg. I learn a lot from your guests and your insights. Please keep up the great work!

  4. paul

    I think we are about to see the beginning of a “United States of the Middle East” … with the formation now of an informal alliance between Israel and the Sunni States, including Egypt, Jordan, Saudi Arabia and the Gulf States (except Qatar) in a move to counter a nuclear armed Iran … where Israel as the lead State of this Union will provide nuclear cover for the other Sunni States.

    Israel is now actively collaborating with the