It seems the world is preparing for war with threats of military action from around the globe. There is the recent incident of the U.S. Air Force flying a B-52 bomber close to man-made islands claimed by China in the South China Sea. Russia “leaked” plans for a nuclear torpedo that could be sent into a harbor and exploded. This is in response to the U.S. putting missile defense in Europe. Meanwhile, ISIS is threatening Russia in Syria and making a video saying “soon very soon Blood Will Spill Like Ocean.” Meanwhile, ISIS is making threats to Israel from the Sinai Peninsula. This is the same ISIS group that took credit for planting a bomb in the Russian passenger jet that murdered 224 people. I have Warren Pollock on next, and he says, “Everybody, including the U.S. Pentagon, see’s what’s coming and getting ready for global war.” Pollock has a very interesting take on things from war and what countries will be allies to internet surveillance that is used against you.
The Hillary Clinton email scandal is getting worse for camp Clinton. The FBI is now reported to be widening the probe. The Bureau is looking into allegations of lying and making false statements. This apparently is not only for Ms. Clinton, but her staff as well. Now, some lawmakers say it is a given that Clinton had high level confidential information on that private server, and there were not the proper protections for it under the law. This could be qualified as “gross negligence” under the Espionage Act. This is serious, folks. Legal experts say Ms. Clinton and her staff could be charged with things like lying to federal agents, obstruction of justice, gross negligence and many other possible charges. Martha Stewart spent five months in jail for one lie to a federal agent. No way can she win the White House even if she is not charged.
The Fed seems schizophrenic. One day they talk of negative interest rates, the next they say they want to raise rates in December. I don’t know what they are doing, and I don’t think they do either. Headline out of USA Today, this week, says “Fed’s Williams: ‘Strong case” for Rate Hike.” In September, the Fed could not raise rates because the global economy and China was sinking. Williams says global growth is “still fragile” but touts a paltry “2% growth.” I wonder if Mr. Williams has seen the latest chart of the Baltic Dry Index. It’s been crashing since July. The IMF is, once again, warning the Fed not to raise rates. Other headlines, this week, are also very bad news. Gregory Mannarino of TradersChoice.net said the market topped in May, and his call is holding. Mannarino said, this week, the ECB was going to give some more easy money talk because the market was rolling over again, just like October. That,s exactly what happened the very next day. Here’s the link. The next day, the head of the ECB was out on cue to give the happy talk, and this time it did not work. The markets sold off, and Mannarino says, “There is no way the market is going to go back to its old highs.” Whether the Fed raises rates or keeps them the same, there is going to be a downside.
Join Greg Hunter as he analyzes these stories and more in the Weekly News Wrap-Up.
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.