Posts Categorized: USAWatchdog.com

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

Bill Murphy, Chairman of the Gold Anti-Trust Action Committee (GATA), says the market manipulators and price suppressers of gold and silver are fighting a losing battle. Murphy explains, “The open interest on silver is at all-time high levels even though the price is barely $17 per ounce. That shows they are going all out even now to keep it down here. So, at some point, they are going to be overrun. They are going to have what we call a commercial signal failure, where these commercials to the big banks and other people who have been suppressing the price are just completely overrun. A lot of people are not prepared for that, but it is in the works right now. I am pretty sure it is going to occur.”

On gold, Murphy is just as bullish as he looks around the world at the high price of the yellow metal. Murphy says, “Gold is at all-time highs in 73 different countries. In Canada, it is $100 higher than its (previous) all-time highs. The all-time high in U.S. dollars for gold is around $1,900 per ounce. It is going to take that out and start heading for $3,000, and I think it is going to do this faster than people think. The tipping point has been reached, and the gold cartel can’t do what they have done for so long. . . . It’s interesting, people say it’s the low interest rates (driving the price up). We had low interest rates years ago, but all these things have not mattered. Now, they are talking about low interest rates, negative interest rates and debt levels, and it’s all coming to the forefront at once, and they don’t have the physical gold to do what they did for so long. . . . I don’t think the gold cartel can do what they have been doing. Everything has changed, and it has to do with the physical market.”

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By Greg Hunter’s USAWatchdog.com (Click here for Part #2) 

Renowned geopolitical and financial cycle expert Charles Nenner says forget what the mainstream financial channels are saying about more Fed easy money policies pushing the markets higher. Nenner explains, “The clever institutions I work with were selling all the time when the S&P was around 3,000, and the small investor and public were buying, buying and buying. The clever money was so happy then . . . . The small investor buys and all the time they (clever money) get a chance to sell, sell and sell until they are finished selling. Then, suddenly something happens. Then the small investor who holds the cash and he’s in a crisis, and here we go down. I always stress to the small investor, understand how this game works. Day before yesterday, the Dow was down 1,000 (inter-day). I heard one person say maybe you should sell. It’s always buy, buy, buy. They don’t do anybody any favors because there are so many losses. I never hear CNBC say sell, sell, sell. So, it’s a crooked game.”

What does he say to people waiting for the Fed to drive markets back up with easy money? Nenner says, “We are finished with the cheap money. It’s not going to work anymore. That’s what the big investors understand. Even if we have 0% rates, it’s not going to keep this economy going. They cannot keep it going anymore.”

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By Greg Hunter’s USAWatchdog.com Pt #1(Click here for Part #2)

Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says what is going on in the economy is going to come to an end after the Presidential Election no matter who is in the White House. Fitts explains, “I think we have to face it. We are in trouble now. Is it going to get a lot worse after the 2020 election? Absolutely. When Trump came in, he may not have realized how bad it was.   What he’s tried to do is grow out of this. He has basically gone full-on fiscal stimulus and tax reduction to try to grow his way out of the problem. It’s not working, and one of the reasons it’s not working is he is discovering the model in Washington is everybody is on the take. Nobody is interested in building up the whole. I think what Trump is saying is if you don’t make the pie bigger, we are all going to starve.”

Fitts says we also face multiple risks such as “Inflation that is averaging 10% nationally.” The cost of money is another big risk as the “the little guy has a credit card charging 17%, and big banks can borrow from the Fed at 2%.” Another risk is “healthcare freedom.” Even the quality of the food you eat is a growing risk because of deregulation voted in by Congress. Finally, there is risk of conflict both domestically and abroad. Will the U.S. dollar maintain its role as the reserve currency? Fitts has long said, “That is a military question.”

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

Former CIA Officer and whistleblower Kevin Shipp says there are big stories with big implications for America that are unfolding now. One of the biggest earthquakes that is going off will be the high ranking Deep State elite surrounding convicted sex offender Jeffery Epstein. Shipp says, “Oh my goodness gracious, the Deep State is darn well scared, and some of its political top participants, I guarantee you, they want Epstein gone. There is no doubt about that. I don’t know why the Bureau of Prisons put Epstein in a jail cell with a cop that killed four people and buried them in his back yard. Epstein should have been in solitary confinement under watch. So, whoever made that decision, it was a complete error in judgment, if not intentional. That should not have happened in the first place.”

Shipp goes on to point out, “It looks pretty clear to me that the Deep State intelligence Shadow government was involved, and it gets worse. Ghislaine Maxwell, who was Epstein’s alleged recruiter for young girls, was the daughter of  Robert Maxwell, (Correction: Shipp said John by mistake) who was a known Mossad Agent. He bilked pension funds to cover losses in his business. . . . He was found dead floating next to his yacht from an alleged heart attack. So, there are some strange connections to the Deep State. U.S. Attorney (and former Labor Secretary) Alexander Acosta would not have said this if it were not true. It is true. There are intelligence connections. Is this a blackmail operation? We know Epstein has a ‘black book.’ We know Epstein probably has video of massages by young girls of high profile people, including politicians. . . . There are going to be some big names that are going to be connected to Epstein and his pedophile child trafficking ring. There is no question about it.”

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By Greg Hunter’s USAWatchdog.com 

Economist John Williams says be careful what you wish for when it comes to Federal Reserve interest rate cuts. Williams explains, “Unless you can get a good healthy consumer, you are not going to get a good healthy economy. It’s that simple. I think the Fed recognizes that, but they want to get rates higher because that will help the banking system. It will help make lending a little easier and start to return the system to normal. The problem with them backtracking now is the Fed may not ever be able to go back and do what they did before. We may be entering a period of perpetual quantitative easing (money printing). That changes the ballgame, and I am not sure where that’s going to go. It’s not as happy as it would have been if we had gone through a transition where bad parts of the banking system failed and you rebuilt and had a strong buildup from there with the economy and everything else. . . . Perpetual quantitative easing (money printing) is frightening, and it’s a new world. No one has ever seen anything quite like this.”

Williams says all his data is showing the economy is already faltering. Williams point out, “If you believe the GDP numbers, the economy has expanded 25% since the Great Recession, but there is no other number that shows that. . . . I have been contending that we are heading into a new recession. What I am looking at in recovery is that the economy has never really recovered. . . . . The Fed raised rates too much in too fast of a period of time. Had they stretched that over a couple of more years instead of trying to get things back to normal in two years, that might have worked better. What they did was effectively crashed the economy.”

Is there going to be a rate cut? What does Williams think the Fed is seeing right now? Williams says, “I think the Fed is seeing the economy is turning down sharply and that they are in bad trouble with the economy. The way (Jay) Powell talked, and he is the Fed Chairman, indicated that.” So, yes, Williams thinks the Fed will cut rates soon.

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By Greg Hunter’s USAWatchdog.com

(This in-depth interview (more than 1 hour) will take the place of the Weekly News Wrap-Up and the Early Sunday Release.)

Best-selling financial author James Rickards says “We are still in the aftermath of the 2008 – 2009 financial crisis.” In the up-coming book titled “Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos,” the crisis of the Great Recession may be over, but “nothing is fixed.” Rickards explains, “I understand the economy has been expanding for 10 years, and we are not in a liquidity crisis at the moment and unemployment is low. We have come a long way from that. The fundamental problems that gave rise to that have not been solved. . . . So, unlimited guarantees, unlimited money printing and unlimited currency swaps and, yeah, they truncated the crisis, but all that happened was the bad debts, the leverage and the problems were now lifted up to the central bank level. You’ve got this progression. First, it is the hedge fund. Then, it’s Wall Street. Now, it’s the central banks. Who is going to bail out the central banks? That problem has not been solved, and it’s still on the table.”

Rickards says don’t think the Federal Reserve is going to come in and ride to the rescue in what Rickards is predicting to be a “coming chaos.” Rickards contends, “Interest rates are 2.25%, but that is not what you need to get out of a recession. I am not predicting one, but if the U.S. economy went into a recession . . . history in economics says you need to cut interest rates 4% to 5% to get the U.S. out of a recession. How do you cut interest rates 4% when you are at 2.25%? You can’t because there is not enough room. You get to 0% pretty quickly, and now what do you do? You are still in a recession and you go to QE4 (money printing), but how do you do that when the Fed balance sheet is at $4 trillion. You are at a boundary. You are at a confidence limit. So, the Fed is not ready for the next recession, and they can’t get there.”

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By Greg Hunter’s USAWatchdog.com 

Macroeconomic analyst Rob Kirby says you may not be hearing much about it from the globalist controlled propaganda of the mainstream media (MSM), but the “$21 trillion in ‘missing’ U.S. federal money is still the biggest story on the planet.” Kirby contends, “It’s the biggest story ever because it explains so much of what is going on in our financial reality. . . . Lots of people in my circles talk about there being a lack of collateral, which is a lack of government bonds in the marketplace. They refer to that as a lack of collateral; yet, we see equity markets making new highs. We see Bitcoin making new highs. We’ve even seen the sleepy precious metals market get some legs and make moves upward in recent months. . . . There is no shortage of money anywhere globally, and that’s because of the $21 trillion in ‘dark money’ being fed into the system while the unwanted U.S. debt is being purchased and memory holed. . . . It’s paradoxical, but you have a lack of collateral and too many dollars.”

Kirby says, “Nobody wants to believe what is happening” with trillions of extra printed dollars sloshing around the planet, but that does not mean this will not end badly. Kirby is predicting big inflation, and even hyperinflation is coming as a result of all the digital fiat cash. Kirby says, “In a financial sense, people are going to be screwed worse than they understand. Most people cannot believe these most heinous financial crimes against humanity have already happened. . . . At some point, I see a dramatic reduction in the living standard coming to everybody in the Western world. Let’s just say it will be all countries that have their boat tied to the U.S. dollar because the dollar is being rejected now. We are seeing evidence of it with the rejection of U.S. government debt and reduced participation of U.S. government debt auctions.”

Kirby lays out what is coming and says, “When the dollars start coming home, there will be inflation. We have seen the rejection of U.S. debt, but the dollars are being recycled into other things like Bitcoin and equities. There is going to come a point where the dollars are going to come home to America, and people are going to start demanding real stuff. . . . I can envision a day when there might be a domestic dollar and an international dollar, and there might be two values assigned to the domestic and international dollar. Whether this happens or not, the purchasing power of the dollar is going to be diminished as the story about the “missing” $21 trillion gains traction around the world.”

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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.”

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