Posts Categorized: USAWatchdog.com

Posted by & filed under USAWatchdog.com.

U.S. Government Criminal Enterprise – Catherine Austin Fitts
December 10, 2017

Financial expert and investment advisor Catherine Austin Fitts says the U.S. Government runs on massive criminal activity. Fitts explains, “The U.S. economy is deeply dependent on criminal cash flows. We’re the global leader in money laundering. If we stopped doing that, the economy would be in for a major, major change. . . . The preference for most Americans is to keep that system going as long as it works for them. So, it you are a public official, you are between a rock and a hard place. If you press the red button and stop the illegal cash flows, then all hell breaks loose. . . . The U.S. Government has been run as a criminal enterprise, and I have documented and proved that on multiple occasions. The swamp that exists in Washington is from sea to shining sea. It’s not just in Washington. It’s in every county and every state house in the country. If we are going to change and clean ourselves of enormous financial dependencies on criminal activities, we are talking about a very big change, and it’s not just in Washington.”

So, in the big picture, where are we now? Why are so many top people in politics and Hollywood being taken down? Fitts says, “These people are expensive. This is a fundamental re-engineering. . . . We are watching purges, but these purges are knocking out the expensive people, people we no longer need from the financial coup d’état period, and you are bringing in a new wave of people or you are just downsizing. So, we see sex purges in Hollywood and in various forms of media and entertainment. . . . You have various purges going on because the reality is the world needs to move on. This money needs to be reinvested, and you can’t afford a bunch of egotistical maniacs who were good at stealing money. You can’t use them to build the future, and you can’t afford them. . . . There is a huge amount of money that is floating around in fixed income and derivative markets, and now you’ve got to bring it down into the hard economy and hard assets. How do you do that? You need to switch the caliber of the people for management and reinvestment of the money. You have to do it in a way that doesn’t kick off hyperinflation.”

More…

Posted by & filed under USAWatchdog.com.

November 19, 2017

Best-selling author Edward Klein’s latest best-selling book is called “All Out War: The Plot to Destroy Trump.” Klein reveals that this plot started in the Obama White House just weeks after Donald Trump won the 2016 election. Klein explains, “Susan Rice was invited to come to a dinner party and give the President (Obama) a plan, and her plan was to unmask the names of Donald Trump associates who had been inadvertently picked up by electronic intercepts by the National Security Agency (NSA). The names of these Americans were supposed to remain confidential. She (Susan Rice) suggested they would be unmasked, meaning they would become public, and they would be distributed widely throughout the intelligence community. Inevitably, therefore, she admitted those names would be leaked to the mainstream media (MSM), and the story would begin that there was collusion between Donald Trump and the Russians. This, of course, was always a fairytale because we have had an investigation going on for more than a year and a half, and no one has come up with a scintilla of evidence to prove that. . . . She (Susan Rice) wasn’t doing anything illegal, but clearly she was doing something unethical, to put it mildly, because President Obama and his national security advisor were using the intelligence community as a weapon against their political enemy Donald Trump.”

So, will anyone be investigated? Klein says, “I honestly don’t believe that there is going to be an investigation of Barack Obama, the former President. I do think, however . . . that there is a lot of pressure on Jeff Sessions to investigate Hillary Clinton and her connections with the Russians in commissioning that famous, or infamous, “Russian Dossier” that we all know about that accused Donald Trump of all kinds of sexual misconduct and collusion with the Russians, almost all of which has been disproved as disinformation from the Russians. We do know that she (Hillary Clinton) actually authorized the purchase of this dossier and used campaign funds to pay her law firm to actually launder that money and use it to buy this dossier. That’s against the law because you are supposed to acknowledge and say what your campaign funds are used for, and they are supposed to be used only for the campaign.”

More…

Posted by & filed under USAWatchdog.com.

November 12, 2017

Trader/analyst Gregory Mannarino is nervous about the distortions in the markets that are breaking records. Mannarino contends, “It’s going to come down very, very, very rapidly. There is not going to be any slow burn here whatsoever. It’s going to be every man or woman for themselves. Everyone is going to run to the door at the same time. At some point, nobody is going to want to buy anything. This is a worst case scenario. In a managed market like we have right now, I cannot imagine a way we are not running into a worst case scenario.”

Mannarino said the markets would go up right after Donald Trump was elected. Mannarino said the election of Trump was a “game changer.” So, what’s got Mannarino spooked now? Mannarino says, “The sell-off in the bond market last Thursday and Friday says there is something here that we have to pay attention to. Not only bonds sold off, but we saw the bond market sell off at the same time the stock market was selling off. That is unusual in this environment. We have not seen this type of action as far back as I can remember. When you see a simultaneous stock and bond market sell off, that should make people stop and say whoa, because you’ve got cash leaving two markets, and where is it going? . . . Cash came out of the bond market rapidly.”

Mannarino goes on to say, “What does it mean to the guy or girl listening to this right now? It means interest rates are going to spike rapidly. If this happens, and we’ve seen this before, rates will go up and stocks will sell off like we are seeing now, but much more violently. Then, that cash is going to move into other assets. . . . This whole Ponzi scheme of debt being borrowed into the system in greater and greater amounts has to come to an end at some point. I think we are starting to see this right now. The debt can never be paid back, and the fiat currency, the dollars, are part of that debt. It is a frightening prospect here to put this into perspective. We might be seeing a little darkness with Venezuela defaulting on its debt here. This is going to sweep the globe . . . . We are now under an umbrella of debt, which can only get worse. It can never be paid back. It keeps getting bigger and bigger. There is going to be a moment of implosion when the debt based economic model cannot function anymore. Then everything grinds to a halt. That’s it, it’s party over.”

More…

Posted by & filed under USAWatchdog.com.

September 27, 2017
Private investor Gordon Long contends the price of gold will shock the world when it revalues to reflect the massive amount of currency that has been printed globally. Long explains, “That is correct, and it won’t be something that is gradual, it will be very abrupt.  The system will break . . . and the financial markets will freeze up.  When they come out of the other end of that freeze, and it may be a number of weeks because the next crisis will be global and much more complex than 2008.  We could control that with the Federal Reserve . . . and this one you cannot do because you cannot get agreement with all those countries.  Never mind understanding the complexity.  So, when we come out on the other side . . . there will be a massive revaluation in the U.S. dollar. . . .  Gold could jump to $5,000 or $10,000 an ounce or something like that. . . . It will be massive.  They will have to put some stability in the monetary system, and the only way they can do it is having something they cannot print.  This is what has gotten us into this problem.  We have to get back to sound money.  It will have to be gold.  What percentage of backing will determine what the value the gold will be.”


On the value of the U.S. dollar, Long contends, “Personally, I think the revaluation of the U.S. dollar will be well over 70% devaluation. It doesn’t mean the world is coming to an end.  It just means you have to go through this to reset.  Those who prepare and understand why this is happening and watch for the signals, there’s going to be fortunes transferred.  They are being transferred right now, frankly.  One other big caveat on gold prices going way up, expect the government to tax it like you have never seen before.”


Long says the stock market hitting one all-time high after another, despite all the economic headwinds, shows the public is in a “delusional phase.” The latest nuclear war threat from North Korea shows the extreme delusion going on, and Long contends, “This is about as clear of an example as you are going to get.  This is more serious than the Cuban Missile Crisis, and the fact the market has not even blinked during this tells you we no longer know how to price risk.  It’s not being priced correctly. . . . It’s almost pure speculation at this point, and maybe straight out gambling.”

More…

Posted by & filed under USAWatchdog.com.

September 17, 2017
Resource analyst and futurist Chris Martenson says everyone should be taking notice of our “dangerous markets.” At the center of the danger zone is the declining U.S. dollar. Martenson explains, “We are talking about a steady erosion of the dollar as a reserve currency. I think that is most likely. The only thing that could make that really go fast is some kind of war. The United States and China, we got to keep our eye on this because Trump has been threatening a trade war with China. China responded and said if you do that, we may dump the dollar. . . . So, there is all this trade and financial back and forth and maybe even actual war at some point. . . . China has the ability to really impact the dollar in a big way on the world stage. We better hope it does not come to that because a slow erosion we can adjust to; a quick erosion is going to really roil the markets and maybe blow a few of them up.”

Martenson contends the U.S. could see hyperinflation in a short time if China “dumps the dollar.” Martenson explains, “The way that works is let’s say they want to unload $500 billion on some Tuesday morning. Who is going to buy that $500 billion? Who is on the other side of that trade? Well, if there are not enough people bidding for those dollars, the price has to fall until you find enough people to absorb those, and the dollar would fall in value against all other sorts of other things such as other currencies, oil, gold, silver and all those things. . . . We would be looking for a paired event. What we would be looking for is interest rates starting to rise on Treasuries and the dollar starting to fall in value in value against a variety of things. Once we see those two things, we know we have a financial war or a monetary war. . . . That’s what blows up the derivatives market. That’s what makes difficulties for traders. That’s what makes the high frequency computers say I don’t like this and bolt and instantly evaporate from the markets.”

Martenson also points out, “The Dow is hitting all-time highs. So, it can’t be that bad, right? The Dow is used as a signaling device, and it says have faith in your leadership and everything is fine. Under the covers, obviously, things are not fine. The people I talk to are nervous and worried. One reason is because it’s fall, and that is sometimes when we see these corrections, but the other reason is everything we track is getting more and more fragile. These markets . . . are held together by confidence. . . . I can’t tell you the number of people that used to be investors that say they just don’t trust these markets. They are rigged and they understand that. They don’t want any part of that.”
More…

Posted by & filed under USAWatchdog.com.

August 23, 2017

Financial newsletter writer Lior Gantz is deeply concerned about the political divide gripping the nation.Gants contends, “I think the U.S. is divided politically to a point where it’s dangerous. I have not studied any time in history where the U.S. was so politically divided.  Just to give you an idea, 61% of Trump supporters say that Trump cannot go wrong.  Whatever he does, he cannot go wrong.  Now, 57% of the people who are against him say no matter what he does, they will never support him.  This country is very divided, and division is the most detrimental part of any democracy.”

Gantz also connects the dots between economic stability and political stability with the recent visit by Treasury Secretary Steve Mnuchin to see America’s gold held in Fort Knox. Mnuchin tweeted out, “Glad gold is safe.”  Gantz says the fact Mnuchin felt he had to do this now is worrisome.  Gantz contends, “The fact that he tweets about it saying the gold is here, it’s fine, I would say that is alarming, but it is also very amateur on the part of government.  With the debt ceiling, it looks like this is meant to reassure foreign investors and the bond holders, people like the Chinese, the Russians and Middle Easterners, that the U.S. is solid and the U.S. is not divided, and the debt ceiling will be raised, that they won’t default. . . . To me, it looks like a very failed attempt to create assurance with the public, either to the foreign or American public.  It all plays into this volatility once September arrives.”

Gantz says the global economy is filled with extreme debt and is susceptible to panic. Gantz says, “The refugee situation in the Middle East and the division in the U.S. is all a cause to worry about what I call discontinuity.  Discontinuity means a brief market shutdown.  It could be a few days when markets shut down and exchanges shut down. . . . If you have discontinuity, that is a major game changer.  What can lead to this is a terrorist attack, a large terrorist attack like you saw on 9/11.  It could be a nuclear attack or the threat of a nuclear attack, or a major bank run.  If you have any of these three happening in Europe or in the United States or in China, all of these derivatives that are very problematic, they will change their value in a matter of hours or days. . . . These effect the balance sheet of most banks, governments, institutions, sovereign wealth funds, pension funds and this is insane.  So, a discontinuity is definitely the worst thing that can happen.”

More…

Posted by & filed under USAWatchdog.com.

August 20, 2017

Economist John Williams is putting out a rare “Alert” on his popular ShadowStats.com newsletter. What does Williams see that scares him?  Williams explains, “There are several factors.  Number one, I think we are at risk of an extreme market reaction just tied to the economy slowing down unexpectedly against headline expectations.  That is going to mess up the Fed’s planning for raising rates and liquidating their balance sheet.  That is going to force them back to quantitative easing (money printing).  That, in turn, will savage the dollar.   As the dollar plummets, so will U.S. stock prices.  They are heavily supported by the influx of capital from abroad. . . . Given the underlying fundamentals in the markets and in the economy, I think all the components are in place for one of the great financial panics of all time.”

Williams says this is why gold is poised to go up. Williams says, “Gold is the ultimate hedge against all the craziness in the world and very bad financial markets, dangerous currency markets and bad inflation.  Physical gold is the ultimate hedge because it retains its value over time. . . . I have been looking for it to go higher, and it is going to go a lot higher as the circumstances deteriorate.”

At some point, Williams says, “You are going to see a plunge in the dollar. . . . All of a sudden, they are going to stop raising rates . . . and as the economy deteriorates and puts more financial stress on the banking system, they’ve got to go back to quantitative easing. They can’t let the banking system fail.  They have propped up the dollar, but you are going to see a plunge in the dollar.  The fed does not have to actually move to quantitative easing for the dollar to tank, you just have to have the markets shift in sentiment to that effect, and you will see the dollar tank.”

Williams says, “A big factor in the dollar’s value is political stability or the perceived political stability. Right now, you have a circumstance in Washington where there is tremendous political discord.  I can’t remember seeing anything like this in the past.  The President has effectively had his options shut off in terms of moving the economy.  I was looking for him to get elected because of the weakness in the economy. . . . This intensifies the problems for the economy, but I can tell you right up front it’s a big negative for the dollar. . . . If you have a move for impeachment for the President, that will tank the dollar.”

More…

Posted by & filed under USAWatchdog.com.

Jim Sinclair’s Commentary

This is logical. Everyone else is working to dump Trump out of the presidency, certainly the MSM and the Elite’s Snobs Club. You think increased interest rates or any kind of normalization is warranted? You are bonkers re: timing.

Fed Trying to Cripple Trump Economy-Danielle DiMartino Booth
June 21, 2017

Financial expert and former top Federal Reserve insider Danielle DiMartino Booth says the latest Fed rate hike is nothing less than an attempt to make life worse for President Trump. DiMartino Booth explains, “They are trying to do the opposite of what they did a year ago because the people who occupy the White House have changed. That’s the only feasible answer I can come up with to explain the Fed tightening into a weakening economy. Their own metrics don’t lie. Nonfarm payroll growth has slowed appreciably over the last 12 months, and their favorite inflation metric is back below 2%. These are the rules they have made up, not me. They (the Fed) are making policies against their own rules, and there has to be a reason for it.”

DiMartino Booth wrote a popular book called “Fed Up” that reveals the Fed’s manipulation of the financial markets and says flat out, “The Federal Reserve is bad for America.” DiMartino Booth says massive manipulation is the only way you can explain rising federal debt and stagnant or falling interest rates on the 10-year Treasury bond. DiMartino Booth contends, “The only way you can fabricate the surreal balance between growing debt and falling interest rates is to manipulate that. . . . These are central bankers gone wild. . . . In 2008 and 2009, the credit markets were closer to $200 trillion in size. Today the credit markets are closer to $300 trillion in size, and we still can’t say what and where the next systemic risk lies.”

On gold, DiMartino says, “I think gold is in the very late stage of a correction phase. Once we get a sniff of true market reaction to any of these geopolitical events, I think you could see gold take off like a boomerang or a hockey stick. . . . If there is any slowing in the global economy, then the safe haven will not necessarily be U.S. Treasuries. The ultimate safe haven is gold.”

More…