Posts Categorized: USAWatchdog.com

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The latest is called “Fiscal Bloodbath Coming this Fall-David Stockman.” Sky high stock and bond prices have former Reagan Administration White House Budget Director David Stockman worried because we are on our way to a big financial crash. Stockman explains, “Yes, absolutely. The market is insanely valued right now. They were trying to tag, the robo machines and day traders, they were trying to tag 2,400 on the S&P 500. They ended up at 2,399, I think, but the point is that represents about 25 times trailing earnings for 2016. We are at a point in the so-called recovery that has already lasted 96 months. It’s almost the longest one in history. What the market is saying is we have reached the point of full employment forever. There will never be another recession or any kind of economic surprise or upset or dislocation. The market is pricing itself for perfection for all of eternity. This is crazy. . . . I think the market could easily drop to 1,600 or 1,300. It could drop by 40% or even more once the fantasy ends. When the government shows its true colors, that it’s headed for a fiscal blood bath when this crazy notion that there is going to be some Trump fiscal stimulus is put to rest once and for all. I mean it’s not going to happen. They can’t pass a tax cut that big without a budget resolution that incorporated $10 trillion or $15 trillion in debt over the next decade. It’s just not going to pass Congress. . . . I think this is the greatest sucker’s rally we have ever seen.”

So, when is cold hard reality going to set in? Stockman contends, “There will be no bid for the stock once the panic sets in. We’re going to an hit and air pocket. The S&P 500 is going to drop by hundreds and hundreds of points sometime over the next few months as we drift into this unexpected crisis. . . . I would target sometime between August and November because that’s when the rubber is going to meet the road on a debt ceiling increase when they are out of cash. Washington is going to end up in vicious political conflict over what to do about the debt ceiling. . . . It is going to be one giant fiscal bloodbath the likes of which we have never seen.”

So, what should you do right now? Stockman says, “The main thing is get out of the markets. These markets are unstable. They’re rigged, and there is no reason to own stock at this point of the game. It is so overvalued. Maybe you can get another two or three percent up, but you are facing another 30% or 40% down. The risk/reward is horrible. . . . The bond market is one giant bubble because the central banks have been buying all these bonds worldwide. They’ve been buying trillions of dollars’ worth, and they are still buying a trillion dollars’ worth on an annual basis. All that is coming to a halt. The Fed has finally run out of dry powder. They are out of the bond buying business. They are even talking about the initiation of the shrinkage of their balance sheet. That clearly needs to happen . . . . The central banks are finally getting to the end of the road. There isn’t going to be any more money printing, and that is going to leave a giant mess on the doorstep of all the fiscal authorities. It’s going to make the bond market a particularly dangerous place. There is a $100 trillion global bond market, and this is the biggest bond bubble the world has ever seen.”

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April 23, 2017

Market expert and financial writer Bill Holter says elite were in a “panic” last week to try to push down the price of gold and silver. Holter explains, “You have to understand that gold is the direct competitor versus the dollar. Other currencies in the world compete with the dollar, but the dollar is the reserve currency. It supplanted gold in 1971. Gold and the dollar are direct competitors or arch enemies, or whatever you want to call them. The best way to make the dollar look good is to make gold look bad. That’s what the purpose of all these naked sales or contracts are to suppress the price (of gold and silver). That’s the purpose of it. . . . Tuesday, Wednesday and Thursday were three big sales back to back to back, which shows the captains of the dollar are panicking. The dollar definitely looks like its rolling over and has been taking some fairly sizable drops intraday.”

Holter also contends, “The gold market is at an inflection point. The silver market is at an inflection point, and the stock market is at an inflection point. There are inflection points everywhere, and the dollar is definitely starting to look weak.”

Holter says the financial and geopolitical landscape is a minefield that could detonate at any time. Holter says, “I have long said that because of the derivatives outstanding today, once something blows up, the whole system blows up within 48 hours. The globe will spin twice, and basically the markets will close. It really amazes me that there are so many potential fire events out there, and yet there is zero concern. . . . You are going to wake up one morning and something somewhere will have already happened. At that point, it will be too late for you to do anything. You are going to wake up and find out there was a dog fight between a Mig and U.S, fighter jet or a sub was sunk or a big bank becomes insolvent. Who knows what it’s going to be or where it’s going to come from, there are just too many of them. The point being is it’s here and now. It’s a dry barn, and they are flicking matches all over the world.”

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April 9, 2017

By Greg Hunter’s USAWatchdog.com “Early Sunday Release”

Internet data mining expert Clif High uses what he calls “predictive linguistics” to spot trends and make predictions for future events. In his latest in-depth report, High sees a “huge” calamity coming for humanity. Clif High explains, “There is all kinds of data for money and lack of money and lack of funding and all kinds of emotions around this. There are hints in the data that something huge is coming for August and September that is being exposed by the language now. I think it’s a bond crash or not a bond crash because I don’t know how that works. It’s not a stock market crash. The data I am looking at now says the stock market is not meaningful. We may lose 50 cents on every dollar in the stock market in just a few days, but it’s meaningless. It won’t make any difference at all to anybody according to what the data is showing me because the real crisis is in the crash of government.”

High goes on to explain, “The emotions at the moment are projecting a crash of the ability of the state to function. . . . We have the projection that there is going to be some sort of big government crash. It concerns funding, interruption or something. . . . We have something akin to a definition change relative to bonds. . . . One way to think about this is there is going to be a human collective or re-understanding, or new understanding, about the whole bond market as we go forward in August, September and October. This is going to cause huge disruptions for governments, which basically depends on the bonds as its source of funds. I don’t know what that definition is going to mean, but the way the language is presenting itself, it’s very much like the same language that appeared in newspapers ahead of the Bretton Woods conference. . . . At that time, a bunch of countries got together around WWII and talked about how to deal with gold, money and the dollar after the war was over. . . . We have that same kind of language now relative to the bonds. . . .This redefinition is going to cause real problems relative to governments. If I had to guess, I don’t think we will have a stock market crash, but a government crash or Fed crash or bank crash. I don’t think a stock market crash will be meaningful because by the time it crashes, nobody will care because before we get there, the Fed will crash. The Fed is the market.”

Maybe this is why Clif High is also seeing language that prices are going up for things like Bitcoin, gold and silver. Clif is seeing the term “gold fever” repeatedly. He is also seeing the term “silver rush” for the white metal. High contends, “The amount of pressure they have had to use to push down on gold and silver prices means when it starts to go up, there will be a bit of a flutter. Then, they are going to push down harder, and then it’s just going to blow. The language is suggesting that this is really happening around silver.” High also says at some point in the not so distant future, prices will be rising so fast that “no one will be selling gold and silver.”

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Investment advisor Catherine Austin Fitts says the oligarch, or establishment class, is on the attack. She calls this latest chapter in the Trump Administration “The Empire Strikes Back.”  Fitts explains, “Number one, Trump came into Washington with an agenda that would really make America great again:  tax reform, regulatory relief, infrastructure and Obama Care.  Immediately, he got bogged down in those for a variety of reasons.  If you look at Congress’s constituents, they can’t make money solving those things, particularly if it helps regular people.  So, immediately you bog down on those issues.  He’s trying to get his cabinet in place.  In the meantime, you have the Empire worried about a variety of things.  If you want to slow Donald Trump down or make sure the only thing he can get through Congress are things that are good for what I call the “piggies,” . . . the first thing you do is take out their loyal lieutenants.  You take them out and try to put space between him and his lieutenants.”

Fitts, who was an Assistant Secretary of Housing in the first Bush (41) Administration, goes on to say, “The U.S. bureaucracy is huge and very complex, and it’s a matrix structure. The thing you want to do is bollocks him up in the structure.  The reason you want to bollocks with a bureaucracy or the courts is then you bring everything into the mud and complicate their lives and make things harder to do. . . . What you are seeing is a war between the ‘piggies’ and ‘Titanic Turners.’  The big question is can Trump learn how to play the game.”

How does Trump win? Fitts contends, “Trump wins by staying focused on the real issues.  The U.S. economy needs a variety of things, including turning the federal budget around. . . . . The reality is the federal budget has a negative return to taxpayers.  It’s got to be turned positive. . . .  That comes down to tax reform, infrastructure and it comes down to Obama Care. . . . Trump is the Titanic Turner, and he needs to stick to the big issues. . . . He has to make sure the shriek-o- meter does not destroy his top lieutenants and put space between him and them.  Otherwise, the pigs are going to step in and run things.”

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Jim and Bill,

The latest is called “End of 2017 Gold Up & Dollar Down-Nomi Prins.” Best-selling author Nomi Prins says two of the big wild cards are Donald Trump and Europe. Prins explains, “The biggest wild card is a combination. Trump is a wild card, but so is Europe. Right now, the political lens goes over to Europe. It’s caught between its old and potentially new structure and potential new political leadership. I think that is a major wild card now. That snakes through Russia, and that snakes through Eurasia relationships, and that relates back to Trump. The wild card is the linkages among those things.”

Prins, who is a former top Wall Street banker, also thinks it’s hard to define the bad guys and the good guys. Prins contends, “From an economic standpoint, everyone has side deals. So, there is no positive or negative economy. . . . All countries do good things, and all countries do bad things. What is happening right now is all of the alignments between countries have been changing. . . . The reality is there are going to be a lot of things renegotiated, and it’s not just Trump and the U.S. doing the renegotiating. All the other countries are negotiating as well. If there is enough antagonism with how Trump is going to renegotiate those agreements . . . that could limit trade into the U.S., and that could limit our bargaining power. . . . That is all in flux this year.”

Prins correctly predicted no financial crash for 2016. Prins’ upcoming book is titled “Artisans of Money.” It is all about central bank money creation. What does Prins say about this year? Prins predicts, “In 2016, I pegged the non-crash. . . . Central bankers were finding new ways to extend their money creation policies. That is what kept the markets up. There was a separate bid on the markets after Trump was elected. It was on the expectation that he would be good for growth, that he would be good for infrastructure and that he would create jobs. I do think there is a little juice in the central banks. I keep thinking there shouldn’t be, but they keep surprising all of us with their ability to boost the markets. They have artificially stimulated so many different asset bubbles, whether it’s debt, which is epic, or stock markets, many of which are at historic highs. If we have a crash, it will be in the second half of 2017. The promises, the rate hikes, the dollar being high could collapse into the realities of the stability and this artificialness. I am not sure about a crash this year, but if we see a big decline, it will be in the last quarter.”

On the U.S. dollar, Prins says, “I think with the expectation of things going well, the dollar will be keeping a bit of a bid. It will be within a range but staying fairly up. I think the dollar will turn around and weaken in the second half of the year. . . .That’s why, in the last half of the year, gold will catch more of a bid.” (Meaning prices for gold will rise according to Prins.)

Join Greg Hunter as he goes One-on-One with two time best-selling author and former top Wall Street banker Nomi Prins of NomiPrins.com. Here’s the link: http://usawatchdog.com/end-of-2017-gold-up-dollar-down-nomi-prins/ Thank you for linking to or embedding this post.

Greg

Posted by & filed under USAWatchdog.com.

2017 Predictions on Trump, Gold, Silver, Housing, Stocks, Bonds & Antarctica-Clif High
January 1, 2017

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

Internet data mining expert Clif High says forget about the rumors and predictions of Donald Trump being blocked from taking office. High says Trump will be sworn in as the 45th President and explains, “I don’t have any data that says, hard stop, Trump is assassinated. I don’t have that . . . . I am willing to back my data with real money, an ounce of silver, and I have an ounce of silver, and I would be willing to bet the inauguration part goes through smoothly given the emotional data sets we have now.”

High, who calls what he does “Predictive Linguistics,” mines the internet and collects billions of data points to produce forecasts of the future. On the financial markets, High simply says, “We’re screwed. . . . The equity markets in our data sets are highly manipulated. So, if you ask will there be a crash? I say there already is a crash. Everybody that is not part of the financial system at the top end is currently living in a depression, and the media does not acknowledge this.”

On the U.S. dollar and its purchasing power, High predicts, “The purchasing power is going to be eroded away fairly quickly. I suspect the erosion (of the U.S. dollar) is going to start in March or so. . . . The turning point for the Trump euphoria will hit at the end of February and carry on through March and April. There will probably be people that will define this as a crash. . . . In our data sets, around March and April, the erosion of the dollar continues . . . The Fed, in a laggardly way, starts to chase interest rates. . . . We may jump to 9% or 10% interest rates as quickly as March or April.”

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By Greg Hunter’s USAWatchdog.com

Economist John Williams has been forecasting a dollar selloff for a few years. It now looks like the manipulators are running out of options to keep propping up the U.S. dollar. Williams explains, “I think we are going to see massive dollar selling ahead. We have problems here not just with the economy, but you have the Fed faced with a circumstance where the U.S. banking system and the global banking system was threatened with collapse in the panic of 2008. The Fed and the Treasury decided they did not want the system to collapse. . . . All they did was buy time. Now, that time has basically run out. The economy has not turned around.”

One major indicator Williams looks at to see if the economy is getting better is the good old fashion help wanted ads that have now moved online. What does Williams see there? Williams says, “Beginning this year, it turned down and is negative year to year. It has just been plummeting, and it took a big hit in November. That is a leading indicator, and it shows that the economy is getting worse, and it is going to be worse in the near term.”

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