Posts Categorized: USAWatchdog.com

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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.”

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June 11, 2017

Analyst/trader Gregory Mannarino says do not be fooled by the stock markets at or near all-time highs. Friday, the tech heavy NASDAQ suffered a massive selloff late in the day after hitting all-time highs. What happened? Mannarino explains, “There is no doubt that we are in financial fantasyland. It is epic. So, have we just witnessed the bursting of this bubble? It is very possible, and the reason why is because it came out of nowhere. It wasn’t driven by a geopolitical event. It wasn’t driven by a downgrade. It wasn’t driven by anything, it just happened. . . . There is going to be a moment of reckoning. If this is real. If this is an actual bursting of a bubble here, the tech bubble, we might get a follow through on Monday or we might get a bounce, and that will lead to a follow through. . . . I am telling people to watch out because the fact this came out of nowhere and driven by nothing is a big tell.”

Even if this is not a sign of a meltdown, one is baked in no matter what, according to Mannarino. Mannarino contends, “Nothing is real here . . . . You watch these financial commentators talk about this market like it is real. If it were real, the Federal Reserve would not be taking the largest part of this market for the better part of a decade now. They are artificially suppressing interest rates and creating bubbles like we have never seen. These are the worst distortions that have ever been seen in the history of the financial world. That’s a fact. It’s worse than the Dotcom bubble and way worse than the 2008 meltdown. This one has the potential to make the last two look like walking through Central Park with an ice cream cone. Are they going to use this against President Trump? They are going to twist this, and we need to be ready for anything.”

The so-called Deep State has been trying to take President Trump down, and nothing has worked. If the Deep State cannot take Trump down, what are they going to do? Mannarino says, “They are going to collapse the economy. They are going to wipe out the economy, and they are going to hurt everybody. Housing is in a bubble and it’s cracking. . . . The markets are in bubbles that are truly epic. This is all being supported on the back of a debt bubble. That’s what they are going to do. No doubt about it. If they can’t get Trump any other way, they are going to collapse the economy. . . . We are going to see a wave of wealth go from one group of people to another group of people. This is the setup that has been going on for a long time. . . . There are those on the inside that are determined to bring down this country. If this thing comes apart, we have the potential for civil war right here in the United States.”

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May 28, 2017

Resource analyst and futurist Chris Martenson says, “I’d rather look stupid now than look stupid later.” Martenson thinks the stock market rise since the last crash is mostly manufactured by central banks. Martenson explains, “What in the heck is going on is real simple. We have central banks who have now taken over everything in the markets. Let’s be clear, markets go up when they are really well supplied with liquidity. We have $200 billion or more a month coming into these markets . . . these central banks are dumping $200 billion, sometimes as much as $250 billion a month into the markets.”

Martenson thinks what the central bankers are doing will not go on forever. Martenson contends, “The mantra of the entire system in D.C. and Wall Street has been let’s just borrow more. Let’s just kick the can down the road. I don’t know when that ends or when that breaks, but it’s mathematically impossible that this all gets paid off at this point. So, the question remains, who’s going to eat the losses? In times past, the banks have been very good at heads they win and tails you lose or we lose. . . . I think this ends badly because it’s very, very unfair. That unfairness will bring social consequences. People are primates, and we don’t like unfair. . . . That level of injustice is building. If you don’t understand that base level of injustice, you don’t really understand why Trump got elected. You don’t understand why populism is rising all over the globe. It’s because “We the People” are starting to figure this out. It’s a scam, and if it looks and smells like a fraud, it’s a fraud. The markets are highly fraudulent at this point. They’re very, very rigged.”

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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