Posts Categorized: USAWatchdog.com

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By Greg Hunter’s USAWatchdog.com

Macroeconomic analyst Rob Kirby has long predicted Fed money printing would have to go “on a vertical curve where money has to be added to the system . . . to keep the system from crapping out and imploding.” With the official federal debt at more than $25 trillion and the Fed balance sheet doubling since September, that day has clearly arrived. Add to that total the rarely talked about so-called “missing money” that stands at $21 trillion and money printing is off the charts. Kirby explains, “The $21 trillion and the $10 trillion in 2019 is the part of the money creation we don’t get to see. There is no transparency on that at all. What we do get to see, though, is the Fed in the last three months reversed their quantitative tightening and are now expanding their balance sheet, once again. Their balance sheet has grown from $3.7 trillion, at the beginning of the year, to more than $7 trillion right now, and it’s projected to get as high as $10 trillion to $11 trillion by the end of the year. So, we have money creation happening in spades . . . and the game to hide the rampant monetary debasement has no end. It’s Keynesian quackery with money.”

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

Mark Taylor, author of the popular book “The Trump Prophecies,” predicted Donald Trump would become President more than a year before the 2016 election. Taylor made many other predictions, too, such as “China would be put in its place.” Look what is happening now with its economy, dissolving trade deals and tensions between China and the U.S. over the Wuhan virus. Taylor contends, “China is finished. It was a year and a half ago on USAWatchdog.com, and at the time, it was Russia, Russia, Russia . . . and at the same time, I said Russia was not the enemy. I said China was the enemy. I said China would be put in its place. I said you would see tariffs, a trade war or all of the above. . . . Even I did not realize it would be this Wuhan virus that was going to take China down. China is finished because what you are seeing now is all the above and a whole lot more. The entire world right now is coming down on China.”

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Greg Hunter’s  USAWatchdog.com

Everyone needs be looking past the Coronavirus crisis and at what governments are trying to do to counter the economic destruction and massive unemployment. Is the financial cure worse than the disease? Financial writer John Rubino says look at commercial real estate as an omen of what is to come. Rubino explains, “Sooner or later you’ve got to pay your bills, and if you don’t have anybody paying your bills to you, then you go bankrupt. Commercial real estate could just be a blood bath, which take us back to all the bailouts. You can’t let a big sector go bust in this world because suddenly everything is too big to fail. There is not a major sector out there that can be allowed to go bust. Not the airlines, not commercial real estate, certainly not the banks, you name it and it has to be bailed out. That’s where the really crazy stuff starts. When people figure out we are basically bailing out everybody from home owners to student loan holders, to car loan holders and right down the line, and then we get state and local governments with this gigantic multi-trillion dollar problem . . . and the amount of debt is off the charts to bail all of these guys out, that is when the real fun starts.”

How long will the bailouts go on? Rubino says, “We are heading into a Presidential election, which means we cannot let anything major fail. If you are the Trump Administration and Congress, you can’t let something big fail because it’s a crisis right before you need to get re-elected. So, you’ve got to bail people out. That’s what California, Illinois and Chicago, New York, Kentucky and all the bankrupt and badly run states have been hoping for all along. They have been hoping there would be a big crisis that would bail them out of their horrendous mismanagement of the past 20 or 30 years. There was no way that Illinois was not going to go bankrupt in normal times . . . or Chicago. . . . Now, they can go to the federal government and say we need a trillion dollars right now or we are going to lay off all the cops and all the teachers, and they think they have a pretty good chance of getting the bailout because the alternative is poison for the people running for office . . . . If you are the Trump Administration or Congress, I don’t see how you stop bailing people out before the election.”

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

Money printing by the Fed and Congress is off the charts. The Federal Reserve doubled its balance sheet in a matter of months, and Congress is pumping out trillions of dollars in spending bills to fight the economic crisis caused by the Covid 19 lockdown. The really scary thing is not the massive money printing, but the fact that absolutely nobody seems to care about the risk to the U.S. dollar. Money manager Peter Schiff thinks he knows why, and explains, “(Back in 2008-2009,) even Larry Kudlow was worried about what the Fed was doing, but nobody is worried about it now.  The reason is they have been lulled into this false sense of complacency in that we got away with it the last time . . . and there was no negative consequence. We didn’t have runaway inflation and did not have loss of confidence in the dollar. So, there was no price to be paid. . . . Since we got away with it before, they think they will get away with it again, and I think they are completely wrong. . . .All we did was inflate a bigger bubble, but now this bubble has popped, and it found the mother of all pins in the Coronavirus that put a gaping hole in it, so the air is coming out much faster. Now, they are trying to reflate this thing. We are going to suffer the consequences, not only what we are doing now, but what we did back then. . . . When is all this inflation going to move out of the stock market and into the supermarket? I am surprised this has not already happened, but I do think we are at the end of the line. . . . Here’s what is going on. We are going to have this massive inflation tax. We are seeing price increases at the supermarkets.”

What has to break is the U.S. dollar, and that’s coming, according to Schiff, “We are going to overwhelm with dollar supply. We are printing all this money. The Fed is buying all these bonds. . . . This is it. The Fed is going all in on QE. There is no limit. They are printing all this money, and, so, ultimately, the dollar is going to tank. It hasn’t happened yet, but it will. That’s when the party really ends. That’s when there is massive pressure on consumer prices. That’s when there is massive (upward) pressure on interest rates. . . . This could be an inflationary depression. We could have hyper-inflation. We didn’t have anything like that in the Great Depression. During the 1930’s, prices went down, and people got some relief with lower prices. That made the downturn not as bad. Imagine high unemployment with the cost of living skyrocketing. That’s what we are heading for. It’s going to be the 1970’s only on steroids because it’s going to be a much deeper economic contraction with a much bigger increase in consumer prices.”

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By Greg Hunter’s USAWatchdog.com

With every new revelation about what President Trump calls “Obamagate,” you see the curtain being torn down and revealing the corrupt players who were running America and attacking our Republic. Former CIA Officer and counter-terrorism expert Kevin Shipp, who wrote a book about the Deep State called “From the Company of Shadows,” says any hint that POTUS is a tool of the Deep State is preposterous. Shipp explains, “That is absolutely ridiculous. Donald Trump has confronted the Shadow Government and Deep State more than any other president in history, and that includes JFK. JFK did, of course, confront the Deep State and we saw what happened there. There has been no other president that has had the guts to expose the Shadow Government and Deep State like Donald Trump has. What has the Deep State done? They have gone after him with a vengeance. Why would the Deep State attack their own with attacks to try to destroy him and his family if he wasn’t threatening to expose the Deep State? No, he’s not a Deep State president. He’s not perfect. We all know that. There are members of his cabinet that we are concerned about with connections to some of the central banks. We all know that, but Donald Trump is not Deep State. He is splitting the Deep State wide open. Look what DNI Rick Grenell just presented to the President. He authorized for release of names of all the unmaskers. Trump is exposing the Deep State, and, personally, I am proud of him because I have been waiting for this for 20 years for a president to come out and expose these things.”

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By Greg Hunter’s USAWatchdog.com

Former CIA Officer and counter-terrorism expert Kevin Shipp says America is facing big internal and external foes. One of the biggest external enemies is China, who has taken a huge economic hit over the virus it released globally. Shipp contends, “Trump is finally confronting them (China) with tariffs, so they are hurting there. They are heading for a recession. Huawei is no longer going to be in the United States. That’s a loss of huge revenue. So, my concern is this: China is going to have to escalate to defend itself. In history, we have seen a lot of wars that have been started during an economic crisis where two nations are fighting and there is some sort of economic devastation. That’s where China is right now. I think what is going to happen is China is going to escalate, and we are already seeing that in the South China Sea. They sunk a South Vietnamese fishing boat, and they are rattling their sabers about their own ships in the South China Sea. . . .China is going to escalate using proxies, and then they are going to start saber rattling militarily against the United States. This is NOT good. . . .They are going to have to escalate not just to save their economy, but to also to try to save their position in the world.”

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

Renowned radio host, filmmaker and book author Steve Quayle says everything from cataclysms to Covid 19 is all part of the “Last Days” talked about in the Bible. Quayle says, “We are going through what I would call ‘quantum transformation’ that is taking place in the heavenly realm, on earth and under the ocean. We are in a period that is very clearly spoken of in the Bible as the ‘End of the Age.’ When it comes to the United States, I coined a phase, and it is ‘rape, pillage and plunder, the USA is torn asunder.’ What we are seeing is the absolute attack on everything that made America great starting with the separation of Our Lord Jesus Christ in the churches. The churches have rolled over and are seeker friendly. Now, people are without anchors to their souls. They are coming apart at the seams.”

Quayle says the Wuhan Coronavirus is no accident and explains, “Here’s the bottom line, and I pray people get this. There was an intentional bio attack on the United States. . . . It’s totally designed to destroy the country. I don’t think this can turn around and come back. You’ve got too many people out of work. . . . People have to understand this. You cannot say to someone you cannot feed yourself. You cannot go to work. We are going to come in and inject you with a poison. I say vaccine, shot in the arm, shot in the head, either way they want you dead. . . . They’ve got to know, and they do know exactly what they are doing. . . .The seeds of the communist infiltration in America now are coming to fruition. These people have yielded to bribery. It’s obvious, and some people say that’s really extreme. Are you kidding me? Extreme? There are five mile long lines on the highway with people waiting for handouts or waiting for their $1,200 checks. We are going into the worst financial situation the world has ever seen. We are going to have a deflationary depression, but they are going to print money like there is no tomorrow. They say that can’t happen. Oh, yeah? Look at oil. It went down to -$40 per barrel. That’s negative, and some people say oil could go down to a -$100 per barrel. . . . Here’s my bottom line. There are no markets anymore for true price discovery, only manipulations.”

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By Greg Hunter’s USAWatchdog.com

Journalist Alex Newman says the virus crisis has exposed the financial debacle of the $5 trillion shortfall in state and local pensions. Senate Majority Leader Mitch McConnell says “states should file bankruptcy.” President Trump says a “federal bailout would not be fair.” Treasury Secretary Mnuchin says states are “not going to be bailed out.” As unemployment soars by the millions and taxes implode, pensions are running out of money to pay lavish benefits promised to public workers. Newman contends, “It’s unsustainable, it’s a rip-off, it’s a scam. These people are being used and manipulated, too. The reason Democrat politicians agree to these things is not because they love police and firefighters, it’s because they want the votes from big labor. It’s a really nasty political machine, and I was happy for Senator McConnell to talk about this. What you have here is huge government employee unions run by communist, radical leftists, Deep State operatives that suck up all this money . . . and then they recycle that money back into the campaign coffers of Democrat politicians. . . . Then they say, oh sure, we will give you a bigger pension, and, sure, we will give you more benefits, and it’s a vicious cycle. . . . They have been creating this massive Ponzi scheme, and now they are saying coronavirus caused this, and now we need a federal bailout. Sorry, it’s not going to work. . . .A lot of these issues are now getting exposed. This is the first time in years that we are having a national discussion about this tsunami that’s about to swallow up our economy.”

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