Posts Categorized: USAWatchdog.com

Posted by & filed under USAWatchdog.com.

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

Legendary geopolitical and financial analyst Martin Armstrong says America’s economy is like being “the prettiest ugly sister in the family” of nations. So, if the U.S. economy is so good, why the rush to cut interest rates? Armstrong explains, “It’s really the world economy which is in serious trouble. You really have to look closely and pay attention to the words (Fed Head) Powell said. The economy is strong, unemployment is fine. Why would you cut interest rates when the stock market is making record highs? Powell said basically because it was things happening outside the country. The Fed, as I have said before, has become the central bank for the world. . . . This is the problem, and Europe is a complete basket case. They don’t get it, and they keep trying to hold onto their power and punish anyone who disagrees with them. . . . Why is the U.S. economy so good? Why is the Dow at a record high? China is in trouble. Europe is in trouble. Japan is a basket case. The capital is coming here.”

Back in February, Armstrong pointed out in an interview on USAWatchdog.com, “Gold has been rallying right along with the U.S. stock market. This is what I’ve said all along. Eventually, towards the end, they have to align. Why? Because at that stage of the game, it’s us against government. So, tangible assets rise.”

More…

Posted by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com

Near the beginning of this year, legendary investor Jim Sinclair and his business partner Bill Holter said the reset would start in June. Is the recent jump in gold prices confirming this? Sinclair says yes and predicts a two-tier reset in the next few years. . . . The first will be a devaluing of the dollar. Sinclair explains, “The reset has already started. . . . The only thing holding up the dollar is its universal use as a contract settlement mechanism in Russia and China and everywhere else, and that simply is not happening anymore. . . . The dollar is going lower. . . . In the first reset, the dollar will get sliced in half.  That means the little guy will get sliced in half in terms of his buying power. You need to look at gold, not a speculation, but as a savings account. If the dollar gets sliced in half, you basically double the value (of your gold) if not more. I think much more. . . . In the second reset, that will take gold to a price where it will balance the ability to pay global debt. That’s the major move coming forward. Right now, we are definitely going back to the $1,850 and $1,925 area per ounce for gold. The second reset, you can pick any price you want for gold. Pick a high price.”

With the national debt officially at $22 trillion, and the additional “missing” $21 trillion discovered by Economics Professor Mark Skidmore at Michigan State University in 2017, you have a huge amount of debt and dollars floating around. This fact makes Sinclair’s prediction of $50,000 per ounce gold a few years ago look conservative. Bill Holter has done the math and says it simply must go much higher. Holter explains, “If you take the 8,300 tons the U.S. supposedly has, and I did this math last year when the official national debt was approaching $21 trillion, gold would need to be $87,000 per ounce to cover just the on books debt. I am not talking about the “missing” money, not future guarantees, pensions, Social Security and things like that. . . . So, the number is $87,000 per ounce for gold or multiples of that. What’s going to happen? The people who are running this understand this as much as we do, and the system is going to go down. So, why not create a false flag and kick the table over so you can point at it and say our policies would have worked if it wasn’t for whatever event they come up with.”

More…

Posted by & filed under USAWatchdog.com.

July 7, 2019

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

The IMF calls Deutsche Bank (DB) the most “systemically dangerous” financial instruction in the world. So, when a major announcement about DB cutting stock trading around the world happens over the weekend, some think danger is popping up in the global financial sector again. Greg Mannarino, founder of TradersChoice.net, thinks this announcement could be a “trigger” for another financial calamity. Mannarino explains, “There is a breaking news story in regard to Deutsche Bank (DB) pulling out of their global equities, sales and trading. To me, in this environment right now, this is tremendous. . . . Why would any investment bank be pulling out of the global equity market . . . in an environment where every central bank and every single world leader is doing the same thing? They are calling for currency devaluation, calling for suppressed interest rates, price controls, and all of this is going to force cash into the markets. The fact that DB is saying hold on a minute, we are getting out, that should raise alarm bells. . . . Markets are at all-time record highs. You’ve got to put this together. Why would DB be doing this unless they believe we are at a top here. . . . Can you imagine the amount of trading that will be lost when DB says we are not going to be buying or selling global equities?   I am not saying the markets are going to sell off next week, but if people are not looking at this as a possible red flag, and I mean a big one, then they are missing the big picture here.”

Mannarino thinks the next market correction will be a big one, and the Fed stopped the last market freefall in 2008. Mannarino explains, “We do know that the Fed stepped in and stopped the last market meltdown at 6,000. Was that the bottom, was it Dow 3,000 or was it Dow 2,000? All we know is we get this environment where we get larger and larger swings here. Is DB telling us this is a market top? Maybe they are. I do know the greater the high, the greater the fall. I would not be surprised in a total market meltdown to drop below 6,000 (Dow). You don’t know where the real bottom is.”

Mannarino says the only thing you can count on in this economy is more debt being created. Mannarino says, “World central banks’ power exists in one thing, and that is their ability to issue debt. The more debt they issue, the stronger they become. So, they are loving this.”

More…

Posted by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com 

Money manager Peter Schiff says all the money printing and debt explosion since the Great Recession comes with a huge downside. Schiff says, “All sorts of bad policies basically took place thanks to the monetary excesses applied by the world central banks, but now we are at a point where all these inflation chickens are going to come home to roost. It will not be in stock prices or real estate prices or bond prices, but in good old fashion consumer prices. Food, energy and all the things that we need to live are going to get a lot more expensive.”

Schiff says the Fed is overlooking some big problems coming. Schiff says, “They (Fed) did not stress an environment where we have more inflation or where we have stagflation, where we not only have a rise in unemployment and a recession, but consumer prices and long term interest rates that go up at the same time. They (Fed) are not even thinking that’s possible, but that’s actually probable. The real problem is when real inflation rears its head, there is nothing the central bankers can do about it. If they try to fight the inflation by tightening up on monetary policy, it’s like slamming on the brakes. They are going to have to jack interest rates very high, and everything is going to start imploding. The whole credit bubble is going to collapse. We are going to see stock markets tumble. Bonds are going to go into default. There will be bankruptcies, layoffs, bank failures and the governments will have to start defaulting on their obligations and payments on social programs, or even interest on principal. You have a massive crisis coming if the Fed fights inflation, but you have an even worse crisis if they don’t. I am betting on this initially. As inflation gets worse and worse, the central bankers are going to say it is a good thing.”

Schiff predicts, “Inflation is going to run out of control. . . . This is why people need to buy gold. Paper currencies are going to lose a tremendous amount of value. So, if you want to preserve your purchasing power of your savings, you better be saving real money and not all this funny money the central banks create. . . . Once the market perceives that there is no light at the end of the tunnel, that we are never going back to normal, that interest rates are going to stay negative in real terms forever, that the Fed has no ability to raise rates, that all the new money that has been created will never be destroyed, that the Fed balance sheet will grow in perpetuity so liquidity will never be removed, then the dollar will fall through the floor. Then we are going to get all that inflation.”

More…

Posted by & filed under USAWatchdog.com.

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

Former CIA Officer and whistleblower Kevin Shipp says abuse of the National Security Agency (NSA) spy data (Section 702 of the FISA Act – warrantless surveillance program) used against President Trump to remove him from power was “epic” and “the worst case of sedition in American history.”  Shipp says, “They used illegal subcontractors . . . so the FBI could spy and abuse the 702’s. That is huge. It’s one of the most vast violations of the Constitution and Title 18 U.S. Code criminal law. . . .This is the biggest espionage story in western history without a doubt.”

Shipp says that the order to spy on Trump came from the top. Shipp contends, “The 702’s and especially Obama using that to attack his political opponents or go after his political opponents abusing the NSA 702’s . . . I think sedition is there along with multiple espionage violations . . . and these people will go to prison. Ultimately, this leads to Barack Hussein Obama. We can only hope these people will break away from the swamp and move in that direction. He (Obama) was not only aware of the program, he was directing it by using his National Security Advisor and UN Ambassador. . . . There is no doubt about it. He received the ‘Presidential Brief’ from the CIA every single day. . . . So, Obama knew about it at least in the presidential daily brief, and it is clear from the (Peter) Strzok and (Lisa) Page text messages that Obama was directing it. This leads directly to him.”

Shipp says that stories about a super-secret program to spy on Americans called “The Hammer” is a “totally false story.” Shipp says, “This is very troubling to me. Why would they push this so hard, especially now. It is diverting attention away from the true surveillance scandal, and that is the 702’s, the NSA and the spying and counter-intelligence operation against Trump.”

More…

Posted by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com

Top trends researcher Gerald Celente says global central banks are just helping the richest people on the planet and have not saved the economy. Celente says, “They didn’t teach us this stuff in economics 101 or in graduate school, they made this crap up. For example, quantitative easing, you mean buying corporate bonds and government bonds and shoveling money to your bankster buddies. . . . According to the Levy Institute at Bard College, they dumped in over $29 trillion. That’s right, $29 trillion to their buddies. So, what’s the deal? They are going to keep lowering interest rates. It’s monetary methadone. All these people are addicts. Morons and imbeciles call them ‘investors.’ They’re addicts and gamblers. They can’t stop, and all they want is that drug– monetary methadone. They are just going to keep filling it in until they OD. . . . You don’t know when it is going to collapse, but our forecast is we are not going to go into a recession this year. We will begin to go into it in 2020, and the greatest recession/depression will happen by the end of 2020.”

Celente says, “There are lots of wild cards” that could upset his predictions. One is “rising oil prices,” and the other is conflict with a variety of adversaries. Celente say, “If war breaks out, it’s over, it’s over. It’s not like the old days, like WWII where you get the economy going. This is a different scene. This is way different. . . . The whole Middle East is doing terrible. Look at the problems they have in Turkey. . . . There is one currency after another going down. Look at the emerging markets. They are soaking money out like crazy. Look at America and all the money flowing into junk bonds.”

More…

Posted by & filed under USAWatchdog.com.

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

Legal and financial expert Wayne Jett says, “No one in history has ever stood up to the secret cabal running America the way President Trump has.” Signs abound in the mainstream media they are freaking out.   Jett says, “They are freaking out because the noose is slipping over the heads of some of them in terms of the prospects of their being tried for treason or for some other heinous crime. There are many of them. The network, I am sorry to say, goes far and deep throughout our society. . . . Many of them are doing all they can to make sure this comes to an end as soon as possible. We have a President who is actually a declared enemy of the forces that have put our Presidents in office or killed them generation after generation well back into the 19th century.”

Jett calls this a “fight to the death” between team Trump and the cabal. Jett says, “This is a death match no question about it, and I am encouraged. Compared to today and where we were in 2012 and 2016. . . . I had considerable confidence that President Trump was going to prevail. I didn’t care what the polls said. . . . There are too just too many indications that our press lies to us in whatever ways are necessary to support the ruling elite because they, in fact, are instruments of the ruling elite. . . . I can’t see how you could have a worse candidate than Hillary Clinton, but Joe Biden may be it. . . . I am optimistic.”

Jett is also an expert on the Federal Reserve. He wrote the popular book called “The Fruits of Graft,” about the Great Depression, that he says was engineered by the cabal on purpose. Jett says they will do it again because the Fed owes way more than it can ever repay. That means the dollar, at some point in the not-so-distant future, will be worthless. Jett explains, “It’s not even on the same meter. It (the Fed) is completely a sham operation, and just like every other fiat currency in history, the dollar as presently designed, is designed to fail. It’s designed to go to zero, and that’s what’s coming. What I think the President is doing is putting that off as much as he can, keeping the Fed from doing that and keeping it rolling until he can get this current account deficit down so we can come out with a gold backed currency. As soon as we get current account deficit more or less in balance, we can have a reset to a gold backed currency that is actually stable and actually designed to deliver value into the pockets of the people.”

More…

Posted by & filed under USAWatchdog.com.

June 12, 2019

By Greg Hunter’s USAWatchdog.com 

Financial writer and book author John Rubino is worried about record debt at every level of the economy. Rubino says, “The next recession is overdue because this is the longest expansion on record. . . . We loaded up car buyers with sub-prime loans. Students now have $1.5 trillion of student debt. Credit card debt is at record levels. Government debt is at record levels. Corporate debt is at record levels. . . . All of these guys have borrowed more money than they ever have in history. So, the idea we are going to convince people to borrow a lot more money by lowering interest rates is at best problematic and at worst insane. We are headed that way because they have no other tools. So, when things slow down, they are going to start cutting again and printing money and buying up assets with that money.  We’ll see if it works again. It shouldn’t have worked the last time. . . . We are in a range of unexplored numbers. . . . How much further can this go? Is there a limit out there? We are going to find out in the next recession.”

Rubino is not impressed with the Federal Reserve’s latest promise to slash interest rates and print money to save a teetering economy. Rubino contends, “The markets ought to be terrified by this, but in the U.S. because the rates are not yet zero, the market is not yet terrified. We are not far from 0%. . . . The Fed can’t save us. We’re at the point now where we would be at a 1930’s style depression or a Weimar Germany hyperinflation or something new and equally bad. We have taken on insane amounts of debt, more than any society in history has ever tried to take on. So, we just don’t know what is going to happen. If the central banks cannot stop the next recession, we will find out what happens when this much debt goes bad. . . . The Fed’s biggest fear is that things will spin out of control, and they won’t have the tools to stop it.”

More…