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Jim and Bill,

The latest is called “Trump is Molotov Cocktail You Can Throw on Crooked System-Catherine Austin Fitts.” Investment advisor Catherine Austin Fitts is backing Donald Trump. Fitts explains, “Michael Moore said in an interview that Donald Trump is a Molotov cocktail you can throw on the system. Interestingly enough, if you look at the federal system, it has a negative return on investment to taxpayers. If you believe you can never fix that, then throwing a Molotov cocktail into the middle of that is the most intelligent thing you can do for productivity. It was when I wrote the theme for productivity for the second quarter wrap-up I realized . . . I may have profound disagreements with Trump’s style, but I can throw the Molotov cocktail (voting for Trump). . . . I was going to vote for Gary Johnson, but in the second debate when Trump said I will appoint a special prosecutor, I stood up and cheered. For the first time, we were talking about real accountability in America. Then, when he said if I were the President, you’d be in jail, I said that’s it, I am giving money to Donald Trump because that is the first time I have ever seen someone of national prominence on corporate media hold the leadership accountable for their actions.”

So, what needs to be done to fix the economy? Fitts contends, “The big issue in 2017 is how the government is going to get people to pay their taxes if the government is not viewed as legitimate? . . . We have a win/lose relationship between human productivity and labor productivity. If we want to get more labor productivity, and if we want a stronger stock market, then we need to change those models to win/win. The problem is you have folks like the Clintons who only know how to play in the win/lose model. They only know how to slap out government money, and they are deeply corrupt. They are very vested in the current model, and they don’t want to change. They think if you change the model, you are going to have to change to different kinds of people, which is true. You are going to need engineers instead of lawyers. They (Clintons) are not willing to change. They are not willing to bring more transparency to the system. They are basically addicted to privilege. The question is how do we change the leadership? It now appears the leadership is not willing to change without a crisis.”

On the upcoming 2016 Presidential election, Fitts says, “A lot of this is going to come down to how the machinery is operated and rigged. If Clinton’s support is 10% or lower, it’s going to be really hard to rig it. If you look at the turnouts at the Trump rallies or the views online, it’s hard to imagine he does not win in the popular vote in a landslide. But again, this comes down to the machinery, and the machinery is controlled very much by the people who show strong support for Clinton. I think it is very fluid, and I don’t know what is going to happen.”

The system is rigged against the common man, and it’s totally broken. Fitts adds, “If you look at the inhumanity rolling down on the average family, whether it’s heavy schedules of vaccines that cause autism, or GMO food that makes people sick, or spraying overhead putting Nano particles in our brains and cause us to be toxic with heavy metals, which produces all sorts of diseases and high health care costs, and I could go on, and on, and on. Basically, what you are talking about is destroying humanity and the productivity of the general population. It’s not going to work. It can’t continue, and we’ve got to stop it. That’s why I think if Trump is the Molotov cocktail, I’m throwing it.”

Join Greg Hunter as he goes One-on-One with financial expert Catherine Austin Fitts, who is the publisher of The Solari Report. Here’s the link: http://usawatchdog.com/trump-is-molotov-cocktail-you-can-throw-on-crooked-system-catherine-austin-fitts/http://usawatchdog.com/trump-is-molotov-cocktail-you-can-throw-on-crooked-system-catherine-austin-fitts/ Thank you for considering linking to of embedding this post.

Greg Hunter

USAWatchdog.com

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

Dear CIGAs,

Chairman of GATA (Gold Anti-Trust Action Committee) Bill Murphy thinks financial markets are way more vulnerable than they appear. Murphy explains, “There are negative interest rates and low interest rates that just keep staying down there, and supposedly things are really good.  Look at our Dow at all-time highs, and yet something is really wrong.  Of course, this fits into the GATA premise on this whole thing.  There’s a lot of quantitative easing (money printing) and propping up of the markets, and it’s on very shaky ground.  The plug could be pulled at any time. . . . With interest rates where they are and debt growing all over the place, the reasons to be in gold are off the charts.”

Murphy says “silver is Kryptonite to central bankers” because there is little supply to use in the cartel’s suppression game.  Murphy says, “You mention the word Kryptonite and the key is what silver is doing.  It is an extraordinary situation right now. . . . It seems to me that, this year, silver is in play . . . . That is this big money talking on the JPMorgan crowd and their game.  They are gradually moving in for what I think is going to be one of the biggest market moves in history, and that is silver going to $50 (per ounce) and then a $100 (per ounce).  Basically, it’s because supply is drying up. . . . Where is all this supply coming from that this JPMorgan crowd has been feeding the market with, and I think they are hitting the wall with it.  I think this big money knows what’s going on, and they are quietly moving in.  That’s the reason silver has been trading like it has.  $18.50 was a key number.  That was the completion of a big base. . . . The next big key is to take out $20.50, but the real number is $21.   If it gets above $21, it’s going to start trading chaotically with volatile action on the upside.  The market move is going to be historic.”

Murphy has long charged there was suppression of gold and silver prices and has been proven 100% correct. He now charges, “The real key for this gold cartel, as we call it, is the suppression of the gold price.  They realized a long time ago they couldn’t have a dichotomy between the silver and gold.  So, they got involved in the silver market (to suppress the price) to make gold look like it should be doing what it is.  The problem is they are running out of physical silver to keep the price down. . . . Eventually, you are going to get a commercial signal failure in silver,  which means these so-called commercials, which is a misnomer because they are not commercials, they’re gold cartel trying to keep the silver price down.  They know when they lose control of silver, and it gets to $21 (per ounce), it will be the end of their gold suppression scheme. . . . It will be a gradual process because the price of silver is going to go bonkers.  It will show what they have been doing all these years.  I think they are finally reaching a tipping point. . . . The death knell to the gold cartel is the lack of supply of silver to keep the price down. . . . I think you are going to see the double top of $50 be taken out and go to at least $100 per ounce and maybe a lot more.  I think it’s going to move up faster than anybody can imagine. . . . Gold is going to move to some big number also. . . .If gold kept pace with inflation, it would be double what it is today.”

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Dear CIGAs,

So, is the world headed for a “Mad Max” future? Financial writer Bill Holter says, “I think the chances are better than a coin flip that we have societal breakdown. If you are asking should you hold cash, my opinion is yeah, you should have some cash and very little bank balances because that is going to go away. You are going to have to have some physical cash, which will actually . . . after the system shuts down, become more valuable. The dollar will purchase more real goods for several weeks simply because if all the banks are closed and nobody has cash, then cash is scarce. That will work up until, all of a sudden, the light switch gets flipped and people understand that cash has no real value. People are not going to trade real eggs or real tomatoes for dollars. They will say I want something real for something real. That’s where your dollar collapses.”

On gold, the math is simple. Holter says, “The punchline to this is the system has never been risker and more leveraged than it is today. Yet, the price or the cost of insurance (gold and silver) has never been cheaper than it is today with the exception of late last year in October, November and December of 2015.”

Holter goes on to point out, “They have purposely diluted the price of gold in order to portray a strong dollar. . . . The reason they need to portray a strong dollar is to continue confidence in the system. It allows dollars to continue to be accepted. It also allows the U.S. Treasury to turn around and continue to borrow. That’s not working so well because the Federal Reserve has had to step up and buy major portions of auctions.”

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America is Doomed Without Restoring the Rule of Law-Karl Denninger
July 31, 2016

Trader and entrepreneur Karl Denninger has a dire warning. He basically says if there is lawlessness at the top of society, there will be lawlessness at the bottom. Denninger, who is so distraught he has suspended writing on his popular website, explains, “It is illegal for any entity with market power or anybody else to price fix. It is illegal to price commodities of like, mind and quantity in the market place. That is a federal law, and violations of these laws are not civil affairs, they’re felonies. . . . The only deterrents for corporations against bad behavior is people go to jail or the firm has its charter revoked because it runs out of money. The reason that is the case is as long as I can pay a fine and shift the cost onto the customers or shareholders or both, there is not deterrent—at all. . . . When does a CEO ever get indicted? When do members of the board ever get indicted? The answer is never.”

Denninger says the lawlessness trickles down, and it’s bad for growth and innovation that creates jobs. Denninger contends, “The problem with this is economic progress. Without people having the ability and the promise to get ahead, what do you have left? . . . If this sinks into people’s consciousness, then the game is over. If you cannot entice people to get out there and create the next big thing, to be the next Intel, to be the next Amazon, then everybody swallows everybody until there is nothing left. If you are all sharks trying to eat each other, then there is no progress.”

Denninger also makes a dire prediction about a coming future crash. Denninger says, “All exponential growth forecasts that do not have an end date on them run up against mathematical facts. . . . You can’t have infinite expansion forever. Where it is coming to the forefront first is in the healthcare area. Obama Care was an attempt to extend the scam by a few more years because it was starting to collapse in 2007 and 2008. This is how they managed to buy themselves another six or seven years by forcing everybody into it. The problem is now you made it worse. . . . Here’s what everybody needs to take away from this and the most important aspect. In 2007 and 2008, the crash preceded the mathematical wall by a lot. . . . The market never allows you to get to the mathematical wall because somebody wakes up every night and gets really nervous. That’s just the way humans are. As long as the number of people who wake up really nervous is outpaced by the number of people that say ‘that’s an opportunity to make money,’ everything is fine. The day a critical mass of people say ‘oh my goodness,’ that’s when it comes apart. It always happens before you hit the mathematical limits. . . . The tipping point could come tomorrow for all I know.”

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

Dear CIGAs,

Financial expert and former Assistant Secretary of Housing, Catherine Austin Fitts, says the U.S. government’s actions with Hillary Clinton means it is more lawless than ever. Fitts explains, “The entire country now looks like Arkansas . . . we’ve all turned into Mena, Arkansas, now. It’s pretty tragic. I have watched for two decades while 80% of the federal budget and federal credit has been run outside the Constitution and the laws related to financial management. I have never seen anything as blatant and outrageous as Loretta Lynch, prior to Hillary Clinton’s interview with the FBI, meeting with her disbarred husband, who is either the husband of or the target of a criminal investigation, and basically briefing him, I am assuming and what I believe on what Hillary needs to know, so she can skate the (FBI) interview. What the President, Lynch and Comey don’t want is the investigative team recommending to indict. . . . If you know anything about civil or criminal procedures, this is so beyond the law. This is so over the top that I have never seen anything more outrageous. It’s beginning to look like Mena, Arkansas, during the Mena drug running.”

Fitts says the corrupt way they handled Ms. Clinton is how they are handling the business of the federal government. Fitts contends, “We know the entire financial infrastructure of the government has been run as a criminal enterprise for quite some time. The government engineered the pump and dump housing market. The government was the one that let JP Morgan Chase skate on Madoff and many, many other situations. Yes, the government is being run outside of the laws related to money. That requires a double standard and a parallel universe between what you say you are doing and what you are really doing. The actual governance system is different than what the official story is, and that is the problem that you are seeing in every administration since the death of (President) Kennedy. Kennedy wasn’t doing what ‘Mr. Global’ wanted, so he was assassinated. . . . This is now a very, very deep problem. We are financially dependent on organized crime cash flows as an economy. The citizens are going to have to make up their mind if are they going to tolerate this level of corruption or not.”

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

Dear CIGAs,

Former Wall Street analyst and journalist Michael Krieger contends the recent so-called “Brexit” chaos is signaling something much bigger than coming economic trouble. Krieger explains, “I think the biggest thing with Brexit, and I think it is far bigger than an economic downturn, is the disintegration and ultimately the overthrow of the entire status quo regime, the entire post WWII establishment. That’s way bigger than an economic decline. It’s way bigger than the economic decline in 2008 and 2009. When you think about it, since 1945, we’ve had all kinds of economic declines. We’ve had bear markets and bull markets, but the status quo, the establishment, the basic principles that have been guiding the world for, let’s say 80 years now, those are what are going to be overthrown, and that is a way bigger deal than an economic downturn, in my opinion.”

On the odds of a financial crash, Krieger contends, “In my writings, when I first came out of Wall Street, I focused on debt, I focused on economics and I focused on financial markets. I did all of that stuff, but I stopped doing that for one simple reason. It was obvious to me . . . that this thing had only one way to go, which is a complete collapse of everything. We’re going to need to start over. There’s too much debt. There’s too much corruption. There’s too much BS. There’s too much war. There’s too much everything that is bad in this world, and debt is one aspect of it. Are we going to have to wipe out the debts one way or the other? Of course, we will. I guess the reason I have stopped talking about that and writing about that is because it is so obvious. So, what I have been doing over the last three years is getting people aware and engaged on everything, not just the economics, but the political corruption. Every single industry in this world is basically hitting peak corruption, peak shadiness, peak violence and peak everything. So, it’s not just the debt or the economies that are going to collapse, it’s everything, the political establishment and the social fabric. All of these things we have been living under our entire lives will be replaced by something else. . . . The only question is, are we going to get something better or are we going to get something worse?”

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By Greg Hunter’s USAWatchdog.com

Dear CIGAs,

Financial writer Bill Holter says there are many signs that are signaling big trouble. Holter’s list starts with the troubled banking giant Deutsche Bank and says it is his top candidate for the next Lehman style financial meltdown.  Holter explains, “It would make sense that they are the candidate because, as you know, they had a recent settlement in the gold and silver fix.  So, they may get thrown under the bus.  The only problem is if they get thrown under the bus, there’s going to be a bomb that blows up the whole bus.”

So, can we make it out of this year without a big financial crash? Holter contends, “I don’t see how.  There is the potential unrest all over the world.  You have “Brexit,” and now the polls are saying that’s going to happen.  That’s going to absolutely dislocate Europe.  You have the U.S. election, and no matter who wins, I would say there are going to be riots.  There will be riots no matter if Hillary wins or Trump wins.  You will probably see rioting going into the election.  You also have the tragic event in Orlando, and it’s common knowledge that ISIS says it is going to be doing this all summer long.  So, you got all kinds of potential dislocations.  I don’t see how we get to next year with the can being kicked down the road.”

Holter also points out that there is a large increase of buyers standing for delivery of physical gold and silver for their paper contracts at COMEX. This, in turn, is cutting the available amount of gold and silver for delivery.  Holter explains, “What this is saying is if you get some outside event in the next two of three months where there is a scramble into gold and silver, they are not going to be able to deliver.  The troll community says they will just move it from the ‘eligible’ category.  They can’t do that.  Eligible gold is customer gold.  That is actually called stealing. . . . Everything has changed.  The entire smell has changed the last two months. . . . It looks like the longs are different longs.  They want real metal and will not accept paper.”

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By Greg Hunter’s USAWatchdog.com

Dear CIGAs,

Economist John Williams has long predicted the $16 trillion in U.S. dollar assets held outside of America will be sold in a panic. The time draws near for that scenario to unfold, and Williams explains, “When people start selling the dollar, or dollar denominated assets, you will see the value of the plunge.  We have had a remarkable rally in the dollar since mid-2014, and it is up over 30%.  It is going to be going down by more than that, and we are going to be headed to new lows.  We have the waffling of the Fed and the beginnings of the perception that the economy is in serious trouble, which generally would be negative for the dollar.  We have started to see selling pressure on the dollar.  It has been inching lower.  It’s down year to year now. . . . The selling is going to intensify, not only with large central banks, but with corporations that will be beginning to dump their Treasury holdings. . . . Nobody wants to be the last one out the door when you have a panic like this.  It’s not a panic yet, but the potential certainly is there.”

Williams also says, “The dollar will blow up, and when I say blow up, it will collapse. There will be panic selling of the dollar, and that will intensify the inflation.  The problem is they don’t have a way of avoiding it.  If they could somehow get the economy back on track, they would have some room to work, I think, but the economy has never recovered.  That’s being seen now in these revisions.  At the end of this week, we are going to see bench mark revisions to retail sales. . . . So, you are going to see some downside revisions to the retail sales.  You already have it with industrial production, and now you are going to have it with retail sales.  We are very close to turning negative with the first quarter GDP . . . We are in a recession now, and they would be inclined to call it that once they get a contracting GDP, and everything else is beginning to show that. . . . You are going to see a formal recession declaration not too far down the road.  It hasn’t happened yet, but it will.”

So, the Fed sold a grand lie since 2009 that there was a so-called recovery, and there was no real recovery? Williams says, “Effectively, yes.  There was a little bit of a bounce up, but the other numbers show we never really had a recovery . . . They don’t want to come out with a negative forecast, but everybody knows it’s not recovering. . . . The economy is turning down rapidly.  We have a new recession.”

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