Posts Categorized: USAWatchdog.com

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June 9, 2019

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

Financial writer and precious metals expert Craig Hemke says the reason you are seeing the wild markets and rising gold prices is all attributed to the Fed. It is in a horrible position. Hemke explains, “I don’t think ‘panicked’ is the right word because that means they are running around with their hair on fire terrified. I think they realize the corner into which they painted themselves. They are trying to mitigate the damage as much as they can. . . . The smartest thing the Fed can do right now at the next Fed meeting (June 18 & 19) is to cut the Fed Funds Rate by 50 basis points. They could at least kind of get the yield curve flat again, and not leave it so it looks like you are definitely headed into a recession. (Fed Head) Powell is not going to do that because it will look like he’s doing what Trump is telling him to do. . . .He’s probably going to cut by a quarter point. . . . There is also a pretty good chance he does nothing. . . . The reason why interest rates all along that curve are going lower and lower is because money all around the world sees we all are headed into a recession.”

Hemke says confidence in central banks is going to crash right along with the global economy. Hemke contends, “Now, this next time when the economy crashes, which it will inevitably will, they’ll be exposed for the charlatans that they are, stringing everybody along, pretending like they’ve got it under control, confidence in the central bank is going to crash. This means confidence in fiat currency is going to crash, and the only real alternative to fiat currency is sound money and that’s gold. That’s the first big part of why it’s different this time. The other big part is just the math. We are up to $22 trillion in debt versus $10 trillion back in 2009. . . . The deficit through 2029 is $1 trillion a year, and that is under a forecast of 3% economic growth. You are not going to get 3% economic growth. When it’s 1% or 0%, then your tax receipts fall dramatically. Then your deficit explodes.”

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June 5, 2019

By Greg Hunter’s USAWatchdog.com

Precious metals analyst and financial writer David Morgan says we are very close to a bottom in silver. Morgan contends, “I am biased, but objectively, there is no cheaper hard asset out there than silver. I mean it is so undervalued. It’s unwanted, it’s unloved, it’s misunderstood and there are very few people who want to get into this market at these lows. I found that true when I started the website.”

Back then, in the early 2000’s, Morgan was calling a bottom in silver, and he was proven correct. Back then, Morgan pointed out, “I said inflation adjusted, silver was the lowest in all recorded history. I said if you want to be a value investor like Warren Buffett, and if you want something that is cheap and you want something at the bottom, well, here’s the bottom. . . . Hardly anyone would do it. I wrote an article back then about how people don’t buy bottoms. They want to, but people buy momentum. . . . People want to jump on the train when it’s already moving. . . . Gold has gone from $1,045 (in 2015) to $1,300 . . . I think there is enough momentum on gold to bring silver up from this level. I do think the bottom is in or close to being in.”

So, precious metals won’t go much lower but are going much, much higher in price. Morgan explains, “If we see the equity market start to fall off in a major correction, I’m talking more than 20%, I think you will see a run to gold and a confirmation in the silver market. In my analysis, I’d say we are on our way up to the largest move in the precious metals market I have probably ever seen in my lifetime. . . . There will be a run into gold because the bond market is really not a safe haven as it is touted to be. How safe is something that there is $43 trillion ($22 trillion official federal debt and $21 trillion ‘missing’) in debt that cannot be repaid in any way, shape or form? You’re going to pay it off in dollars, and you will just print the money up and you will have it worth less, and worth less, and worth less, and then it’s worthless. Or, you are going to have to see these bonds default where you are going to get 60 cents on the dollar, or 50 cents on the dollar or 20 cents on the dollar. That’s more unlikely. The most likely case is that they will just print their way out of it, which means you are defaulting on the currency itself. Once that psychology hits the market, there will be a run to gold that will be unbelievable. There will be no place else to go.”

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June 2, 2019

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

Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says when it comes to making government accounting secret, there is widespread bipartisan support. We are talking about the new rule from the Federal Accounting Standard Advisory Board (FASAB rule 56) that took government accounting dark. Fitts explains, “If you look at FASAB rule 56, it was approved by both the (Trump) Administration and the bipartisan (Congress) on the same week that everybody was screaming about Judge Kavanaugh. It was passed we had all the hearings on Mr. Kavanaugh’s teenage sex life. At the same time everybody supposedly looks like they are fighting, we had a bipartisan Congress and Administration pass this very quietly underneath the attention given to the Kavanaugh hearings.”

Why did both parties “quietly” pass FASAB rule 56 that makes federal budgets secret? Fitts says, “Since WWII, we have been building secret financial operations, whether it’s the ‘Black Budget’ or what some people call the ‘hidden system of finance.’ Secrecy is a huge financial addiction. I think every member of Congress does not see a way to kick the can down the road without becoming more and more extreme in tactics. I called FASAB 56 ‘secret money for secret armies.’ The same week that passed, an ad came out in one of the mercenary magazines that said ‘Blackwater is coming.’”

Just because trillions of dollars are “missing” and the federal budgets are now “secret” doesn’t mean you cannot see the effects of all the massive amounts of money created. It’s is showing up in the form of inflation, not official inflation calculated by the government, but real inflation for the man on the street. Fitts contends, “The U.S. dollar is getting debased. . . . Inflation is already here. If you are looking at an area with a 14% increase in the cost of goods year over year and your income isn’t rising, or it’s falling, we are already there. It’s not hyperinflation, but it is very significant inflation. It you look at the controls they have put on globally to fight inflation, they are quite significant. The U.S. debt went up 6% last year, and it’s estimated to go up 8% this year. God forbid we try to start any of the wars rattling around the world because the debt will skyrocket. We are in a spiral upward on the amount of debt. Next year, the social security fund will go negative cash flow. In other words, it’s going to stop being a net buyer of Treasuries and is going to be a net seller of Treasuries, which means if the foreigners are not buying, it’s down to the U.S. pension funds and the Fed.”

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May 28, 2019

By Greg Hunter’s USAWatchdog.com

Former CIA Officer and whistleblower Kevin Shipp says what is going on in Washington D.C. with the “treason” against Trump is unlike anything we have ever faced as a nation. Shipp explains, “This is an historic battle between the President of the United States and what I call the ‘Shadow Government.’ Some call this the ‘Deep State,’ and that includes the CIA, the FBI and the NSA. President Trump is the first President to stand up against this Shadow Government. They have been spying on Trump since he was a presidential candidate. So, this is huge, it’s historic and nothing like this has ever occurred in any western government. . . . The Shadow Government has been controlling Congress, controlling the judiciary and controlling the President of the United States. No one has stood up against them until Donald J. Trump.  They did not figure on this, and he is not bound to this Shadow Government or their threats. Trump has got them quaking in their boots because they have been engaged in illegal surveillance. They have been engaged in a false counter-intelligence against the Trump campaign, literally planting spies in the Trump campaign. I can guarantee you they are scrambling like rats trying to get off a ship. Comey points fingers at Clapper, he’s pointing fingers at Comey, there’s Loretta Lynch and on and on. They are scared because if this stuff is declassified, the American people will see what they have done. For some of these people, this amounts to treason. They attempted a coup against a duly elected President of the United States.”

Make no mistake, what happened to President Trump with the “hoax” of Russia collusion was a frame job to try to knock him out of office. Trump has called this “treason,” and when he says this, the mainstream media is silent and won’t report it. Shipp says, “They know it, and they are trying their level best to support these Shadow Government/Deep State players because the media was complicit in this false Russia collusion. There is no way they are going to report on information that will expose their role in it. . . . They shot and they missed, and it was a bad miss because they tipped their hand.”

Shipp says new Attorney General William Barr is the right man for the job of prosecuting treason. Shipp says, “Barr was a former CIA attorney . . . I was skeptical at first, but now I am right behind Barr. I think the fact that Barr was a CIA attorney gives him an inside view. . . . So, Barr has an edge . . . over the CIA and the FBI. He knows how that system works. He knows how they are going to stonewall him. He knows how they are going to use classification to try to conceal what they have done. They got the worst President and the worst Attorney General for them to expose what they are doing both at the same time. Barr has subpoena power, and they are quaking in their boots because this has never happened before. They have never been challenged like this before.”

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May 26, 2019

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

Financial analyst Bo Polny made a huge contrarian call on election night 2018. He predicted the stock markets would not rally but sell off by the end of the year. He was right, the DOW was down nearly 20%. What is he predicting now? Polny says, “The reason the stock market crashed in the month of December is because, basically, we are leading up to the greatest crash in history, which is going to hit this year. The crash that happened in December is only a prelude to what comes this year. So, that was only leg one down, and leg two is going to be much, much worse. It’s a replica of the great crash of 1929. That massive crash is about what is to be experienced this year but worse.”

Polny thinks the next stock market selloff will start in June, but not everything sells off.  Gold, silver and cryptos are going to spike higher. Polny explains, “The crash that comes in July is going to blow away the crash that comes in June. Then there is going to be a rush to safety. People will flee to safety. Remember, how much money have they printed? How much money do we not know that they printed? You know about that whole game of the $21 trillion in ‘missing money.’ With all of this money that has been printed, all of this money has to go somewhere. People will lose faith and confidence in this paper based system. The cycle . . . foretells the end of the paper based monetary system beginning in July. . . . Gold is going to jump in June initially. They are then going to try to hammer it back down. Once it jumps, they are going to start to lose control. When July hits, that’s when it will get pretty epic. By year end, Bitcoin, gold and silver will all, all be at new all-time highs.”

Polny adds, “When you do time based analysis, you have direction and time. So, what I know is the stock market has a down cycle into the end of the year. What price the stock market hits by the end of the year, I don’t know. I will tell you it’s probably a 40% crash from the top as a guess. . . . One of the things out of being here today and get out of this is to protect your family. Protect your family with an ark of safety. What is an ark of safety? Having food and water in your house and also having means. They have kept down the price of gold and silver because if it goes up, it’s the end of the paper game. This is also going to bless God’s people. You can’t have that because this is a fight between good and evil. Moses said to Pharaoh, ‘Let my people go,’ and that is where we are. These are Biblical times. . . . God says prepare. We are going to see gold and silver explode between year end. I believe the fireworks are going to hit in July, but I also think the start of it will hit in June.”

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By Greg Hunter’s USAWatchdog.com

Market analyst and professional trader Gregory Mannarino doesn’t feel good about the recent new all-time highs in the S&P 500. Mannarino explains, “The environment we are in now is unlike anything we have seen before in world history. The distortions that exist in this market are hard to get your head around. Again, we have never been here. We do not have any resemblance whatsoever of a free market or a free market economy. We are, unfortunately in the United States, managed across the board. The information being fed through the mainstream media (MSM) outlets is all fake. This GDP number we got recently is fake, and that is easily provable. It comes down to this: in order to sustain where we are . . . the relentless acquisition of debt is all that is supporting the environment we are in. There is no recovery, and there is no economic boom. This is a debt boom. That’s what we have, and it’s not just here in the United States. It’s a global phenomenon. It will correct to fair value at one point.”

So, why is the Trump Administration asking for rate cuts? Mannarino says, “Without a rate cut moving forward, we will not be able to sustain the current valuations in this market. . . . So, they must continue to inflate that bubble, and there is nothing like it and there has never been anything like it.”

If the stock market is in a bubble, what is happening to physical gold and silver prices? Mannarino says, “This is an inverse bubble on an epic scale. Just like the debt market is in the biggest bubble the world has ever seen, and on the back of that, we have pulled stocks higher. We have pulled housing higher.”

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April 28, 2019

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

President Trump says the Deep State tried and failed to remove him from office in a coup. Former CIA Officer and whistleblower Kevin Shipp says the attempted coup on Trump was a global conspiracy. Shipp explains, “Yes, this is a coup. This is the most shocking violation of the Constitution and criminal activity in the history, not just of America, but of a western government. Much of this rises to the level of treason. People need to understand how shocking this is. It was a clear conspiracy. There will be arrests and indictments without question. . . . This was a coup. It was a conspiracy. It was criminal activity. These people need to be indicted, charged and need to be put in prison, and if they’re not, then our Constitution is nothing more than a sham. This was a coup against a duly elected President, and people need to understand how serious this is.”

Shipp adds, “We have a not so covert civil war going on right now that has been brewing over 60 years. We have the ‘Dark Left,’ and the DNC is fully involved with all their Congressmen and Senators. There is a Marxist movement within the DNC that is in control right now. You can match up the progressive goals with Marxist documents, and you can see they are one in the same. . . . They have to change and eliminate the Constitution. . . . They want to change the First Amendment and the Second Amendment first of all. Second of all, they despise and are targeting Christianity because Christianity . . . underlines the Constitution and is mentioned in the Declaration of Independence. That’s their second target they have to destroy. Their third target is the founding principles of America. That’s our culture. They have to destroy those three things if they are going to overturn our Constitution and turn this into a global Marxist government. That is not an understatement. . . . It’s not the same party of JFK. It’s now a Marxist party and an umbrella for every victim, twisted and perverted group that has nowhere else to go. This is a mortal blow to the Democrat Party when these things come out.”

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April 21, 2019

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

Chris Powell, Treasurer and Secretary of the Gold Anti-Trust Action Committee (GATA), says price manipulation of all markets is a major problem the world faces. Powell explains, “This is an issue far bigger than gold and silver. Gold and silver are just minerals, atomic elements. The issue for us is much bigger than that. The issue is free and transparent markets and having an accountable government. You cannot have those things unless you have freely traded monetary metals markets and freely trading currency markets as well. We don’t worship the golden calf or the silver bull. We are pursuing a much more justice oriented agenda here. We want government to tell us what they are doing in the markets. We want them to be open and accountable, and that requires a free and transparent monetary metals market.”

No matter how much financial manipulation is occurring on a global scale, you cannot suppress the outcome of those policies. One of the outcomes is inflation, and yet the new cover of Bloomberg/Newsweek asks the question “Is Inflation Dead?” Powell says, “This is worse than a prediction. It’s a delusion. Inflation is all around us. I don’t know what world the government is living in where they put out monthly reports saying inflation is tame. These people are not paying medical insurance premiums. They are not paying college tuition. They are not paying state taxes. They are not going to the grocery store and seeing prices rise monthly and, of course, they are not noticing the inflation that has manifested itself in the stock market. . . . Inflation is not dead. It’s all around us, and it has been all around us.”

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