Posts Categorized: USAWatchdog.com

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By Greg Hunter’s USAWatchdog.com

Money manager Peter Schiff says the Federal Reserve has already started a new money printing program that continues to expand the debt bubble and keep global markets propped up. This started abruptly last month in what is called the “repo market,” where the Fed provides liquidity for traders of short-term money or overnight funding. Schiff says, “When the Fed was doing QE3, they were buying $85 billion worth of debt per month. They (Fed) just did $176 billion in three weeks, and they say they are not doing QE. So, the Fed is monetizing more debt not doing QE than when they were doing QE, which means they are doing it and they are going to have to do more of it. The reason they are doing it is because the markets are finally trying to move interest rates higher because the Fed has been suppressing them.  They are artificially low, and these artificially low interest rates have done tremendous damage to the economy over the years. Now, rates are rising, and the Fed is trying to stop this from happening. They shouldn’t do this, but this is what they have to do to keep the bubble from imploding. This is why they have to go back to QE. If they didn’t, rates would be much higher, the stock market would be much lower, real estate prices would be coming down and we would be heading for another financial crisis.”

What is the end goal in all of this? Schiff contends, “The only goal our leaders have is to postpone the pain so they can get re-elected. That’s the whole idea. Look, this is a gigantic time bomb; we just have to make sure that the fuse is longer. We have an election coming up, and the Fed Chair just wants to make sure they can keep everything going long enough to resign and have somebody else be the fall guy. Nobody cares about the long term health of the economy, and the plan is to delay the inevitable and pretend everything is good. . . . As far as the debt is concerned, the debt is never going to be repaid. We can’t repay it, and, in fact, nobody even believes we are going to repay it.”

So, what is the next move by central bankers? Schiff says, “It’s more politically expedient to take the printing route, especially because nobody believes they are going to destroy the currency. They think they are going to print enough money to reduce the value of the debt enough to make everything go away. It’s like trying to get a little bit pregnant, which is impossible to do. So, once they start monetizing debt in that way, then that’s it. The dollar is going to get killed. That’s where we are headed. That’s the only thing that hasn’t happened yet. Gold has broken out. Gold is over $1,500 per ounce, and it is hitting record highs in most currencies. Not in the dollar, yet. The dollar is still relatively strong against other fiat currencies, but the fact it is this weak against gold shows you there is a lot of underlying weakness in the dollar that has yet to manifest . . . but that is going to happen. When the dollar starts to fall, that’s going to take the bond market down with it. Long term interest rates are ultimately going to rise when the dollar tanks.”

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

Former CIA Officer and whistleblower Kevin Shipp says the so-called whistleblower the Democrats are using to try to impeach President Trump is part of another Deep State hoax. Shipp says, “This is not a whistleblower. Let’s just start with that. This is a leaker. This person did not have anything to blow the whistle on. Everything written in this document is written not by this leaker, but by attorneys, and it is hearsay. There is no evidence in it whatsoever. It is not a whistleblower complaint. He did not go through proper channels. He went directly to Congressman Adam Schiff, and people have got to understand this is another shadow government Deep State operation actually trying to remove the President. What they did was real sly. If they would have brought this leaker ahead, they would have taken him apart. The whistleblower, or leaker, would have been investigated. Everybody connected with him would have been investigated. . . . So, what they craftily did was put him under the whistleblower statute so he could not be investigated. The mysterious sources he was using could not be investigated, and that’s their plan. That’s what they did and also actually changed the whistleblower rules to include hearsay, which would have been thrown out of court. This is a Deep State operation like Russia collusion 2.0. . . . This is another criminal operation to impeach Donald Trump. . . .This is very similar to a KGB or SVR operation.”

Shipp says this type of hoax could not be perpetrated on the public without the help and coordination of the mainstream media (MSM). Shipp explains, “What they do when they do these operations, and they are so full of themselves and have used them so many times before, the reason why people don’t realize this is the news media, the arm of the Democrat Party and the Deep State, are lying like Adam Schiff, like CBS and others are lying about the facts. So, people watching these news organizations don’t realize how stupid this is and what essentially is another coup.”

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By Greg Hunter’s USAWatchdog.com

Top trends researcher Gerald Celente says if the Democrats impeach President Trump, the markets will tank and cause what he is forecasting to be the “Greatest Depression.” Celente explains, “What’s going to happen, as this impeachment process intensifies, go back to what happened when ‘Slick Willie’ Clinton got impeached, you saw the DOW go down almost 20% into correction territory. Now, it’s different than in 1998 because we still had growth going on. If this market goes down, it’s going to go down real hard because it’s already artificially being propped up with monetary methadone that morons and imbeciles call quantitative easing and negative and zero interest rate policy. So, now, when this thing goes down from the pressure of impeachment, there is nothing to hold it back up. . . . We have a global slowdown. We have pressure all over the world . . . . Economies have been artificially propped up, and the monetary methadone is wearing off. The addicted bull is ready to go under.”

Celente adds, “So, when you go back to impeachment, we look at a global economic process putting all the pieces together, and you have to look at what this is going to do in the climate that we are in. When this impeachment pressure starts hitting and hitting and hitting, the markets are going to collapse globally. . . . It will cause all the global markets to go down because the United States is the only semblance of a strong economy, and it’s weakening.”

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

Macroeconomic analyst Rob Kirby thinks the dollar shortage and liquidity crisis has something to do with the booming oil and natural gas industry. Kirby points out, “America is producing an awful lot of energy, but they are not making money doing it. What is it that would make them want to do that? That’s when I started thinking about the rest of the world or the rest of the story. The rest of the story goes something like this: Venezuela used to sell all of its oil in dollars. Russia used to sell all of its oil in dollars. Iran used to sell all of its oil in dollars. Iraq used to sell all of its oil in dollars, and up until very recently, Saudi Arabia used to sell all of its crude oil in dollars, but I believe they are now selling some of their oil in currency other than dollars. So, we have many millions of barrels of oil that were formerly transacted in dollars, and these barrels of oil are now being priced in other currencies.  The dollars that used to buy that oil are now looking for a home, and they didn’t have a home. So, America had to create a home for those dollars, which is why America has ramped up their crude oil production. In the 2004 time period, America’s oil production bottomed out at 4 million barrels a day, and now it is producing 12 1/2 million barrels a day making it the world’s largest producer of crude oil. These barrels America is producing are all being sold for dollars. They needed a place or a home for those dollars. Let’s just say the dollars that were left over when Venezuela, Iran and Russia stopped selling their oil for dollars created a spill on the floor, and they needed a sponge to soak them up. That’s why American crude oil has gone up dramatically, and that’s why American oil production is forecasted to grow even though they are taking losses on every barrel they are producing.

Kirby goes on to say, “Global dollar rejection is why America had to ramp up American oil production to begin with and global dollar rejection is accelerating. This is not going to stop. So, America is going to need to produce more and more dollars to soak more oil priced in dollars that America will produce at a loss. . . . Creating all this extra oil and pricing it in dollars makes the dollar look strong. Nobody producing these incremental barrels are making a penny. They are all hemorrhaging cash. The fact that all these dollars that are going into something that is hemorrhaging cash and losing money is the real reason why there has been no inflation. All these unwanted dollars are financing money losing operations. If these dollars were going into things that made money, the returns would be invested and would be causing observable inflation. The opposite is occurring, and the dollars are disappearing.”

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By Greg Hunter’s USAWatchdog.com 

Financial and precious metals expert Egon von Greyerz (EvG) says the signs abound that we are nearing the end of this global fiat money experiment while central bankers are befuddled. EvG explains, “The central banks are panicking.  They don’t know what to do anymore. They are just starting to print money and with the euro on a daily basis. . . . Europe is starting QE again with $20 billion a month, but that’s nothing compared to what is coming. . . . The panic that started with central banks in the summer in late July and August was, to me, the first step towards total chaos in the world that we will be seeing in the months and years to come.  They (central bankers) see it clearly. They know the banking system is absolutely on the verge of collapse.  They know Deutsche Bank (DB) and CommerzBank, too, are down 95%.  If you show this chart to a child and ask where is that likely to go, it is likely to go to zero. DB, with their $50 trillion in derivatives, there is no chance they will survive. Of course, Germany and the ECB is panicking because that will affect the whole banking system worldwide.  This is why they have started to print money now because there is a massive liquidity problem, and that’s Germany, which is the best country in the EU from the point of economics.  Then you take Italy, Spain, France and Greece and they are in a real mess.  This is why the whole system is on the verge of disappearing into a black hole. . . . With the U.S., there is massive liquidity pressure there too.”

The massive amount of money printing to keep the fiat system afloat is just starting.  EvG contends, “This is just a practice round.  This is just more money at this point.  The balance sheet . . . of the Fed is going to go from around $4 trillion to $40 trillion.  It is going to go to $100 trillion before this is over. So, right now, they are just practicing a bit because they are going to put the pedal down to the bottom very soon. . . . There is no other way to save this system, it has gone too far. I am not a pessimist. I don’t want to see the end of the world, but you can see their actions. You can see that now there is absolutely no way out. The only thing they know is to print money. They have already reduced rates to zero or negative, which is a disaster in and of itself.”

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

We are living in an age of records in the financial world. The stock market is in its longest bull market in history and near all-time highs.  The world has more debt than ever before while interest rates are near record lows, and some are negative in many countries for the first time ever.  Nick Barisheff, CEO of Bullion Management Group (BMG), is seeing a dark ending for the era of financial records. Barisheff explains, “I have been in the business for 40 years, and this is the first time we have had a simultaneous triple bubble, a bubble in real estate, stocks and bonds all at the same time.  In 1999, it was a stock bubble. In 2007, it was a real estate bubble. This time, we’ve got a triple simultaneous bubble.  So, when we have the correction, it’s going to be massive. Value calculations on equities say it’s worse than 1999, and in some cases worse than 1929. The big problem is this triple bubble is sitting on a mountain of debt like never before.”

What is going to be the reaction to this record bubble in everything crashing?  Barisheff says, “I think you are going to be getting riots in the streets.  It’s already happening in California. CalPERS is the pension fund administrator for a lot of the pension funds in California. So, already retired teachers, firefighters and policemen that are sitting in retirement getting their pension checks all got letters saying sorry, your pension checks from now on are going to be reduced by 60%.  How do you get by then?”

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By Greg Hunter’s USAWatchdog.com

Analyst and entrepreneur Karl Denninger says the economy is good for some people but not so good for others. Denninger explains, “I think it is very good for people in the top couple of percent.  I think it is moderately okay for people in the top 10%. It is terrible for people that are further down the line.  The real problem is not that it is good or bad for any particular group, but it is the entire thing is running on borrowed funds.  In other words, the days of you going and working and you saving your economic surplus, that’s gone.  You don’t have an economic surplus.  If you look at the statistics and they say the majority of Americans cannot come up with $400 for an emergency, please tell me how we can have a great economy if the majority of people cannot fix a transmission if it blew up in their car tomorrow.”

So, why are big money managers and investors like Ray Dalio and Mark Mobius telling people to buy precious metals?  Do they see the economy hitting the wall? Denninger says, “Everyone sees the wall. Everyone sees the problem.  The monthly Treasury statements are public.  Go pull it up on a computer. . . . It is the general ledger of the federal government, and it’s terrible.  The thing is everyone knows it is terrible, and it has been terrible for a long time.  It was terrible when Obama was President, and it is terrible now.”

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By Greg Hunter’s USAWatchdog.com (Click Here for Pt #1)

There is a new engineering analysis and investigation done by the University of Alaska that says on 9/11/2001, building #7 was a controlled demolition and did not fall because fire melted the beams. This new report totally contradicts the official story and reveals a gigantic lie the public has been told for the past 18 years. The mainstream media (MSM) is largely ignoring this ground breaking report. Why? Former CIA Officer Kevin Shipp, who is an expert on counter-intelligence, says, “This is shocking . . . . As always, they call everyone who looks into this a conspiracy theorist.  These 3,000 structural engineers who took part in this study are engineers and architects, are high level people, and many have PhD’s . . . and it was conclusively proven. I would urge people to read the University of Alaska study and also watch the video of tower #7 collapsing. I met with a structural engineer, and he said there was no way that building just collapsed. There was a freefall, and no way was that a fire on one of the floors. That was a controlled demolition.”

Shipp goes on to say, “Why are they (MSM) not covering it, I think, is the big question. . . . In one of my lectures, I show how the news media is controlled by the Shadow Government and the Deep State. The owners of these media companies are all connected to globalism. They do not want the true story of 9/11 coming out because of what it could mean. It could mean it was not terrorists on a plane and that it was an inside job from someone who planted explosives clearly in tower #7 and very possibly in the other two towers. They don’t want that coming out. Why? It could involve officials and parties within the United States. A lot of people cannot cross that psychological barrier because of what it means. I think it’s up at the University of Alaska because they were the only ones that would do it. The other universities are covering this up. They would not even let them come to their university, and I am talking Harvard and others. So, they went to University of Alaska, and they said yeah, let’s do it.”

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