Posts Categorized: USAWatchdog.com

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By Greg Hunter’s USAWatchdog.com

Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts thinks Vladimir Putin saying “the dollar is going to collapse soon” is a flashing warning for the U.S. dollar’s value in the not-so-distant future. Fitts explains, “What Putin is saying is the dollar is going into a steep decline, and what was interesting about his comment is he said ‘soon.’ . . . What is the ability of the U.S. military versus the Russian or Chinese military to defend the dollar’s position? That is intelligence that Putin has, and because Putin has this intelligence, people really stood up and I really stood up and took notice. If Putin has access to that intelligence, and I don’t, which is saying the dollar could go into a deep decline, we need to take a serious look at it. The dollar is clearly under pressure, and if you look at reserves, the central banks are buying gold and selling dollars, including the Russians and Chinese.”

Fitts also points out, “The dollar is holding, and yet, if you look at the price of household goods in America, where I live, it’s approximately 8% to 10% a year in prices of household goods (going up), and you can tell the money printing has been significant. If you look at what the Fed is doing in the repo market, we are really on the next QE. So, we’ve got a problem with currency debasement, and what Putin is saying is it’s going to go faster, a lot faster in 2020, and that is an issue I am looking at. . . . One of the scenarios I am looking at is the dollar declines significantly in 2020. . . . When you have real household inflation at 10% every year for the past five years, the dollar has really already taken a hit as are many fiat currencies around the world. . . . What has really supported the dollar is its huge market share both in trade and traditionally in reserves. . . . You need to withstand a scenario where in 2020, instead of getting 10% inflation, you need to withstand 20% or 25% inflation in real household goods. . . . I have been saying for many, many years the dollar is strong. This is the first time I started to see the potential for a crack in the armor. I think we have to be prepared for the potential for a more serious decline than we’ve been dealing with for the last five years.”

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

About two years ago, Michigan State Economics Professor Mark Skidmore revealed there was $21 trillion in what he calls “missing money” from the Department of Defense (DOD) and Housing and Urban Development (HUD). This was a stunning revelation and the biggest auditing discovery in the history of accounting. Dr. Skidmore, who is an expert in public finance, along with a team of academics, used publicly available government accounting reports and revealed their results in late 2017.   In the accounting world, this is like discovering the “God Particle” or discovering a cure for cancer, and, yet, academia is largely silent and ignoring this discovery by Dr. Skidmore and his team. Dr. Skidmore explains, “It’s been pretty quiet. A few people have contacted me. . . . I have asked for professional opinion and have offered to pay for it, and I had one conversation and he never responded again. . . . Similarly, I have done that with other academics to work on this issue. . . . For example, I had a dean of a major business school in the country who I know, and he has a background in both accounting and economics, and his response was ‘yes, there is something really wrong.’ Then nothing, no response to any other inquiries. . . . I haven’t been shunned–just ignored. . . . Other people just sort of weigh out the costs and benefits of the whole thing. They ask themselves what are the benefits of me chiming in on this issue, and what are the costs? They look at it and say I don’t want to be involved. Some people realize there is much more at stake here, and they just don’t want to be involved. That’s what I think is going on.”

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By Greg Hunter’s USAWatchdog.com 

Former CIA Officer and whistleblower Kevin Shipp says from the Russia collusion delusion to the sham impeachment, it’s all really just one big Deep State coup. At the center of the coup is billionaire George Soros, who hates American sovereignty and “America First” President Donald Trump. Shipp explains, “Soros has been funding attempts to overturn a U.S. election and remove a President of the United States. If he’s been funding that or advocating that in any other form, that is sedition. If it is connected to a foreign government or a foreign power, that would rise to the level of treason. This coup leads back to George Soros and his multi-tentacles connections. Now we know Victoria Nuland and the State Department were advocating Soros NGO’s at the time along with this so-called whistleblower who has been in contact with these Soros organizations as well. We are seeing the picture come out now. They don’t want this whistleblower to testify because if he does under oath and he is pressed, this whole disgusting beast could come out into full view. They don’t want that to happen because it is a continuation of the Russia collusion coup. Now, it’s gone into this false impeachment coup, and they are trying their level best to keep these facts from the public. This is one big coup.”

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

Financial writer and book author John Rubino says he can see the end of the economic expansion fueled by massive debt creation. Rubino explains, “Every sector of the U.S. economy is so over indebted I don’t see how we go on much longer. The Fed is desperately trying to prolong this thing. We are running trillion dollar deficits now, and what that is for is to keep the system from falling apart. We are 11 years into an expansion, a record. This is the longest bull market in history, and this is the longest economic expansion in history. . . . These guys don’t know exactly what’s going to happen in the next recession, but they are afraid that the system is so highly leveraged that even a garden variety three quarters of a percent of negative growth and a garden variety of 20 % drop in stock prices might be fatal. The system might not be able to handle that because it would cause so much damage and there are so many different places that can blow up that the system would spin out of control. We would get 2008-2009 again but on steroids because the numbers are so much bigger this time around. So, they want to avoid that at all costs.”

Rubino points out, “Fear is the enemy in a fiat currency system. Everything is based on our assumption that the guys in charge know what they are doing and that the confidence in them is good. You take that away, and they let us see them sweat, and it’s over. There is no real bottom for the dollar, euro or the yen. Their intrinsic value is zero. When the economic players out there in the global financial system realize that the central banks of the world are out of ammo, and nothing these guys do is going to fix our problem, then all hell breaks loose. . . . What worries me about today’s world is that everything falls apart all at once, and there is no way to fix what went wrong. . . .We have a lot of examples of governments doing crazy things when everything falls apart.”

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By Greg Hunter’s USAWatchdog.com

Macroeconomic analyst Rob Kirby warns massive money printing in the billions of dollars each and every day by the Fed in the repo market is “a sign we are getting close to the end.” Kirby says the world is awash in fiat money and contends, “We are being primed for a major, major catastrophe in the financial world. I believe we are probably on the eve of it in that something nasty comes our way very, very soon. The amount of money being created is so much bigger than what is being acknowledged. It wreaks of desperation. Metaphorically, someone is driving around and they’ve got a dead skunk in their trunk, and they are wondering what the smell is. I can smell what is going on in the financial world, and it stinks. It stinks beyond belief, and the whole world is waking up to it. The smart ones are waking up like the German central bank, and they are resuming purchasing gold. . . . The biggest signal is the German Bundesbank is buying gold. They were part of the club. It’s been forbidden for any central bank in the western world to buy gold for many, many years now, and when the German Bundesbank says it’s buying gold, Katy bar the door.”

The gold and silver market being flooded with paper shorts is yet another sign that time is short. Kirby says the elite want people to think gold and silver are bad investments, but he says don’t believe it, and “do not sell it.” Kirby goes on to say, “Gold and silver are historically alternatives to a failing fiat currency regime. The U.S. dollar is failing in front of our eyes. We know that because we know that $21 trillion extra (on top of the $23 trillion national debt) was created, and we know what they are doing with it. Part of that $21 trillion is being used to knock the price of gold and silver down with paper contracts. This is not a winning strategy, and this will ultimately blow up in their face too. They are being done to buy time and make the dollar appear strong. . . . The way this has to end is the U.S. dollar will go to its real intrinsic value, which is zero. That implies a hyperinflationary experience at some point in time, and it could be soon. . . . The amount of money being fed into the system is soon going to be too hard to hide.”

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

Geopolitical and financial analyst Warren Pollock says if you look beneath the veneer, the USA and China function much differently than their stated forms of government. Pollock explains, “Now, we have melded the organs of state that we need to run a country with our corporations. They are one in one, hand in hand. So, the FAA and Boeing are tied at the hip. Tobacco companies and the FDA are tied together. . . . Then we have technical failures because of that, and we have a big bureaucracy. That is all functional communism. . . . Communism ignores fact. It is fact resistant, and that is what communism is. The housing market is fact resistant. Bitcoin is fact resistant. The news is fact resistant, and you have people that are fact resistant people. If you confront them with a fact, they look at you like you are crazy.”

Pollock says this is why government in America and part of the society functions like it is “incompetent.” Meanwhile, China is practicing something more like the Nazis (National Socialists) of 1930’s Germany. According to Pollock, “This is way more dangerous.”

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By Greg Hunter’s USAWatchdog.com

Edward Griffin, author of the wildly popular book about the Federal Reserve “The Creature from Jekyll Island,” is holding a conference this weekend called “Red Pill Expo.” It is all about waking people up from the illusions they are being told. Griffin explains, “The illusions are in health, in politics and in education. The illusions are in the media, in money and in banking, which is my specialty. So, people are coming, some of whom are informed, but most respond to the slogan we are using for the “Red Pill Expo,” and the slogan is ‘Because you know something is wrong.’ That sort of spells it out for most people, not just in America, but for people all over the world. People everywhere are being fed propaganda, lies and false stimuli of all kinds, but deep in their hearts, deep in their instincts, they know something is wrong.”

What’s wrong in the financial world with the longest expansion in history and the Fed starting QE (money printing) again? Griffin says, “We are living in a system of the banks, by the banks and for the banks, and that is the reality. . . . They see that the wheels are coming off. . . . The system of inflation in which we live cannot go on forever. . . . All systems of exponential growth always collapse. They come to an end at some point, and it’s hard to tell exactly at what point, but you do know there is a breaking point where it just moves beyond reality. The banks know this better than anybody. So, I am assuming that they feel they are at the end. You can smell it. You can see it. You can touch it almost. So, what do you do? . . . I think their thinking is, hey, we are at the end and let’s just grab all we can so when the system collapses, we will be okay. That is kind of a crude way of putting it, but I think they are going for broke because they know it is broke, and there is not much they can do about it.”

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

Filmmaker, book author and renowned radio host Steve Quayle warns the West Coast of America is sleepwalking into a coming geologic catastrophe. Quayle explains, “While the San Andreas is the most studied fault in the world, it’s like peanuts compared to what’s going to be happening in Cascadia. Cascadia (located in the Pacific Northwest) is the most dangerous with a one in three chance of going off in our time. I am not talking about hundreds of years or thousands of years, I am talking about the back room hush of USGS (United States Geological Service) scientists, and many of them are silent. I am actually getting information from scientists that left the United States because there is a gag order on the true seismic nature of what’s going on in the United States. Our film “Cascadia: The Big One” will be previewed on USAWatchdog.com. This is really a critical situation. The question, is there magma movement beneath the surface? Yes. That’s what I am told by people who have access to the data. . . . Everything is moving except the truth, and it’s all a matter of economics. The situation with Cascadia is dire. This is not careless journalism or some scary statement on my part. We have undertaken the most elaborate film project on this subject that has ever been done . . . because it is that critical.”

What’s the worst case scenario if the Cascadia Subduction Zone lets loose and volcanos, earthquakes and tsunamis are unleashed? Quayle says “The amount of damage, and I am going to choose my words carefully, is going to be precedent setting. It’s going to be the combination of volcanos going off that are inland from the subduction zone where the plates meet, coupled with tsunamis. . . . When this happens, you will lose eight million to twenty million people. When it happens, you will lose all productivity in the electronic field, obviously Silicon Valley, and all food production in all of California, Oregon and Washington. When it happens, you will have a State of Emergency unlike any other. How about the refugees? There will be 3.5 million refugees to take care of. When this happens, what happens to the underground aquifers, and where does everybody go for fresh water? There will be years of drought, years of famine and years of water, water where did it all go? It is a very dire situation painted by computer models. This is not a sensational thing. It is a reality based, scientific study with the application of what happens.”

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