Posts Categorized: USAWatchdog.com

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By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Financial writer and book author John Rubino says he can see the end of the economic expansion fueled by massive debt creation. Rubino explains, “Every sector of the U.S. economy is so over indebted I don’t see how we go on much longer. The Fed is desperately trying to prolong this thing. We are running trillion dollar deficits now, and what that is for is to keep the system from falling apart. We are 11 years into an expansion, a record. This is the longest bull market in history, and this is the longest economic expansion in history. . . . These guys don’t know exactly what’s going to happen in the next recession, but they are afraid that the system is so highly leveraged that even a garden variety three quarters of a percent of negative growth and a garden variety of 20 % drop in stock prices might be fatal. The system might not be able to handle that because it would cause so much damage and there are so many different places that can blow up that the system would spin out of control. We would get 2008-2009 again but on steroids because the numbers are so much bigger this time around. So, they want to avoid that at all costs.”

Rubino points out, “Fear is the enemy in a fiat currency system. Everything is based on our assumption that the guys in charge know what they are doing and that the confidence in them is good. You take that away, and they let us see them sweat, and it’s over. There is no real bottom for the dollar, euro or the yen. Their intrinsic value is zero. When the economic players out there in the global financial system realize that the central banks of the world are out of ammo, and nothing these guys do is going to fix our problem, then all hell breaks loose. . . . What worries me about today’s world is that everything falls apart all at once, and there is no way to fix what went wrong. . . .We have a lot of examples of governments doing crazy things when everything falls apart.”

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By Greg Hunter’s USAWatchdog.com

Macroeconomic analyst Rob Kirby warns massive money printing in the billions of dollars each and every day by the Fed in the repo market is “a sign we are getting close to the end.” Kirby says the world is awash in fiat money and contends, “We are being primed for a major, major catastrophe in the financial world. I believe we are probably on the eve of it in that something nasty comes our way very, very soon. The amount of money being created is so much bigger than what is being acknowledged. It wreaks of desperation. Metaphorically, someone is driving around and they’ve got a dead skunk in their trunk, and they are wondering what the smell is. I can smell what is going on in the financial world, and it stinks. It stinks beyond belief, and the whole world is waking up to it. The smart ones are waking up like the German central bank, and they are resuming purchasing gold. . . . The biggest signal is the German Bundesbank is buying gold. They were part of the club. It’s been forbidden for any central bank in the western world to buy gold for many, many years now, and when the German Bundesbank says it’s buying gold, Katy bar the door.”

The gold and silver market being flooded with paper shorts is yet another sign that time is short. Kirby says the elite want people to think gold and silver are bad investments, but he says don’t believe it, and “do not sell it.” Kirby goes on to say, “Gold and silver are historically alternatives to a failing fiat currency regime. The U.S. dollar is failing in front of our eyes. We know that because we know that $21 trillion extra (on top of the $23 trillion national debt) was created, and we know what they are doing with it. Part of that $21 trillion is being used to knock the price of gold and silver down with paper contracts. This is not a winning strategy, and this will ultimately blow up in their face too. They are being done to buy time and make the dollar appear strong. . . . The way this has to end is the U.S. dollar will go to its real intrinsic value, which is zero. That implies a hyperinflationary experience at some point in time, and it could be soon. . . . The amount of money being fed into the system is soon going to be too hard to hide.”

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By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Geopolitical and financial analyst Warren Pollock says if you look beneath the veneer, the USA and China function much differently than their stated forms of government. Pollock explains, “Now, we have melded the organs of state that we need to run a country with our corporations. They are one in one, hand in hand. So, the FAA and Boeing are tied at the hip. Tobacco companies and the FDA are tied together. . . . Then we have technical failures because of that, and we have a big bureaucracy. That is all functional communism. . . . Communism ignores fact. It is fact resistant, and that is what communism is. The housing market is fact resistant. Bitcoin is fact resistant. The news is fact resistant, and you have people that are fact resistant people. If you confront them with a fact, they look at you like you are crazy.”

Pollock says this is why government in America and part of the society functions like it is “incompetent.” Meanwhile, China is practicing something more like the Nazis (National Socialists) of 1930’s Germany. According to Pollock, “This is way more dangerous.”

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By Greg Hunter’s USAWatchdog.com

Edward Griffin, author of the wildly popular book about the Federal Reserve “The Creature from Jekyll Island,” is holding a conference this weekend called “Red Pill Expo.” It is all about waking people up from the illusions they are being told. Griffin explains, “The illusions are in health, in politics and in education. The illusions are in the media, in money and in banking, which is my specialty. So, people are coming, some of whom are informed, but most respond to the slogan we are using for the “Red Pill Expo,” and the slogan is ‘Because you know something is wrong.’ That sort of spells it out for most people, not just in America, but for people all over the world. People everywhere are being fed propaganda, lies and false stimuli of all kinds, but deep in their hearts, deep in their instincts, they know something is wrong.”

What’s wrong in the financial world with the longest expansion in history and the Fed starting QE (money printing) again? Griffin says, “We are living in a system of the banks, by the banks and for the banks, and that is the reality. . . . They see that the wheels are coming off. . . . The system of inflation in which we live cannot go on forever. . . . All systems of exponential growth always collapse. They come to an end at some point, and it’s hard to tell exactly at what point, but you do know there is a breaking point where it just moves beyond reality. The banks know this better than anybody. So, I am assuming that they feel they are at the end. You can smell it. You can see it. You can touch it almost. So, what do you do? . . . I think their thinking is, hey, we are at the end and let’s just grab all we can so when the system collapses, we will be okay. That is kind of a crude way of putting it, but I think they are going for broke because they know it is broke, and there is not much they can do about it.”

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By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Filmmaker, book author and renowned radio host Steve Quayle warns the West Coast of America is sleepwalking into a coming geologic catastrophe. Quayle explains, “While the San Andreas is the most studied fault in the world, it’s like peanuts compared to what’s going to be happening in Cascadia. Cascadia (located in the Pacific Northwest) is the most dangerous with a one in three chance of going off in our time. I am not talking about hundreds of years or thousands of years, I am talking about the back room hush of USGS (United States Geological Service) scientists, and many of them are silent. I am actually getting information from scientists that left the United States because there is a gag order on the true seismic nature of what’s going on in the United States. Our film “Cascadia: The Big One” will be previewed on USAWatchdog.com. This is really a critical situation. The question, is there magma movement beneath the surface? Yes. That’s what I am told by people who have access to the data. . . . Everything is moving except the truth, and it’s all a matter of economics. The situation with Cascadia is dire. This is not careless journalism or some scary statement on my part. We have undertaken the most elaborate film project on this subject that has ever been done . . . because it is that critical.”

What’s the worst case scenario if the Cascadia Subduction Zone lets loose and volcanos, earthquakes and tsunamis are unleashed? Quayle says “The amount of damage, and I am going to choose my words carefully, is going to be precedent setting. It’s going to be the combination of volcanos going off that are inland from the subduction zone where the plates meet, coupled with tsunamis. . . . When this happens, you will lose eight million to twenty million people. When it happens, you will lose all productivity in the electronic field, obviously Silicon Valley, and all food production in all of California, Oregon and Washington. When it happens, you will have a State of Emergency unlike any other. How about the refugees? There will be 3.5 million refugees to take care of. When this happens, what happens to the underground aquifers, and where does everybody go for fresh water? There will be years of drought, years of famine and years of water, water where did it all go? It is a very dire situation painted by computer models. This is not a sensational thing. It is a reality based, scientific study with the application of what happens.”

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By Greg Hunter’s USAWatchdog.com

Renowned author and journalist James Howard Kunstler thinks what has been happening for the last few years with the mainstream media’s coverage of President Trump borders on criminal activity. Kunstler explains, “What I am waiting for is if and when indictments come down from Mr. Barr and Mr. Durham, I am wondering whether the editors and publishers of the Washington Post and New York Times and the producers at CNN and MSNBC are going to be named as unindicted co-conspirators in this effort to gaslight the country and really stage a coup to remove the President and to nullify the 2016 election. I say this as someone who is not necessarily a Trump supporter. I didn’t vote for the guy. I am not a cheerleader for the guy, but basically I think the behavior of his antagonists has been much worse and much more dangerous for the nation and the American project as a long term matter. I really need to see some action to hold people responsible for the acts they have committed. . . . I am not an attorney, and I have never worked for the Department of Justice, but it seems to me that by naming the publishers and editors of these companies as unindicted co-conspirators that allows you to avoid the appearance of trying to shut down the press because you are not going to put them in jail, but you are going  to put them in disrupt. That may prompt their boards of directors to fire a few people and maybe change the way they do business at these places.”

Kunstler says things look unlike anything we have seen in the past because we are approaching a day of reckoning in our debt based monetary system. Kunstler says, “Yeah, I think you can see it happening now. What seems to be resolving is some movement to some sort of a crack up of the banking system. What we are really stuck in is a situation where we’ve got too many obligations we cannot meet and too many debts that will never be repaid. We have been trying to run the country for the past 15 or 20 years on debt because we can no longer provide the kind of industrial growth that we have been used to . . . and have this massive consumer spending industry. So, we have been borrowing from the future to pay our bills today, and we are running out of our ability to borrow more. . . . I think we are going to lose the ability to support a lot of activities that we have been doing. It starts with energy and its relationship to banking and our ability to generate the kind of growth you need to keep rolling over debt. The reason debt will never be paid and obligations will never be met is we are not generating that sort of growth. Were just generating frauds and swindles. Frauds and swindles are fun while you are doing them and they seem to produce a lot of paper profits, but after a while, they prove to be false. Then you have to do something else. A great deal about our economy and our way of life is false and is going to fail. Then we are going to have to make other arrangements for daily life. . . .It will probably mean we will be organizing our stuff at much more of a local scale.”

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By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Economist and money manager Michael Pento says the recent Federal Reserve about face in policy with cutting rates and new QE (money printing) means only one thing. Pento explains, “So, the Fed changed their mind, panicked, the Fed panicked. They not only stopped raising rates, they now cut rates twice, and they are going to cut rates again at the end of this month. They are also fully back in a massive QE. They have a $130 billion revolving repo facility shoving $130 billion every night, rolling it over, trying to re-liquefy the banking system and back into QE–$60 billion per month. At the peak, it was $85 billion. So, they are almost back to the peak of QE (during the Great Recession). They did not scale in, the Fed went to $60 billion right away.”

Why the sudden burst of money printing when we are being told the economy is fine? Pento says the Fed is panicking to stop a “depression.” That’s right, a depression. Pento contends, “I am on record saying given the extent of the asset bubbles that we have today . . . household debt is at a record high. Corporate debt is at a record high, up 60%. The national debt was $9 trillion prior to the Great Recession and is now $23 trillion. Total non-financial debt is now $53 trillion, and it was $33 trillion prior to the Great Recession. . . . Given all these imbalances and deformations, the Fed knows we are not going to have some mild recession. If they don’t re-liquefy the money markets, the same thing that happened back in 2008 would happen today, only the stock market was only a 100% of GDP and today it is 150% or one and a half times the economy. So, the plunge in the stock market would be huge and from a much higher level. Back in the Great Recession, unemployment claims spiked. We had millions of people laid off, and the same thing would happen today only it would be much worse.”

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By Greg Hunter’s USAWatchdog.com 

Early this year, financial writer and precious metals expert Craig Hemke predicted the Fed would be forced to return to QE, just like in the 2008 market meltdown. Looks like Hemke’s prediction has come true because the Federal Reserve is printing billions in cash in the Repo market every week. Hemke explains, “At the last Fed meeting in September, we were told that the Fed was ‘neutral’ right now, and they were just going to be ‘data dependent’ and everything is fine. Just three weeks later, (Fed Head) Powell is out there saying we are going to have to restart buying T-Bills, and these repo facilities we have set up are going to become a permanent thing. Wait, whoa, what happened here? Just three weeks ago, you said everything was fine. These repo facilities they have set up are basically like a Fed pawn shop where banks can come to the Fed and say here are some Treasury bonds . . . we are going to give you these Treasury bonds and you are going to give us some cash. We thought this was temporary back at the end of September, and now it’s a permanent deal. Every single day, banks are showing up at this Fed window demanding dollars. Powell has also said don’t you dare call this quantitative easing, and the Fed is going to start monetizing $60 billion in U.S. debt every single month through June. . . . That’s over $500 billion in debt they are going to monetize, but don’t call it QE. . .The point is the central bankers are moving into a panic mode. I thought this was going to be more gradual. . . . all of a sudden, the signs are there that this is a panic.”

Hemke says there are plenty of signals being put out that things are getting much worse for the global economy. Hemke points out a new financial report out this week that says, “More than half of the world’s banks may not be able to survive the next financial crisis or recession because they don’t have the liquidity reserves—more than half. Let me hit you with one more. Mervyn King, who used to be Head of the Bank of England . . . earlier this week, said, ‘It’s time for the Federal Reserve and other central banks to begin talks behind closed doors with politicians to make legislators aware of how vulnerable they would be in the event of another crisis. What? Talks behind closed doors? . . . .They are doing everything they can to keep the illusion going. They are doing everything they can to keep the markets propped up. In the end, there is going to be a loss of faith in the central bank’s ability to keep it all going. This will bleed over to the demand for gold and silver. We are seeing that at the retail level, the institutional level and even at the central bank level. This is going to be a great year for gold and silver, and prices are only going to keep going higher.”

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