In this interview with Finance & Liberty’s Elijah Johnson, Greg Hunter discusses:
-Germany’s top financial regulator says that precious metals manipulation is worse than the LIBOR rigging scandal
- The Federal Reserve has NO GOLD
- Those in Washington Know We Are Headed Towards ECONOMIC Crisis
– China buying up economic power from the United States?
- Current crisis is threatening our personal liberties
- Financial collapse will occur within a year, “This is a mathematical calculation that we’re headed for another financial calamity“ [Read more...]
In this interview with Finance & Liberty’s Elijah Johnson, Greg Hunter discusses:
Professor William Black is a former financial regulator and an expert in white collar crime. According to Black, the financial system is headed for an even bigger collapse. As a major warning sign, Professor Black points to Treasury Secretary Jack Lew’s recent complaint about no money for regulation in the recent budget deal. Professor Black says, “Jack Lew is the anti-canary in the coal mine because Lew has been gutting regulation for virtually all of his professional life. . . . Lew is saying, my God we’ve gone so far we’re going to cause the collapse of the system. . . . You know when Jack Lew keels over, you know that carbon monoxide has already killed everybody reasonable.” Professor Black goes on to say, “The system is ungovernable . . . It has already largely imploded.”
Join Greg Hunter as he goes One-on-One with former bank regulator William Black. [Read more...]
Financial newsletter writer, Dr. Jim Willie, has a bleak warning for America. Willie says, “I don’t think the United States is going to be killed as the host. I think it’s going to be bled to death and harvested for its organs, and done so by China.” Dr. Willie explains, “The Chinese will drain this nation and all the Western nations of all their gold.” Dr. Willie predicts, “I have been saying steadily, not until the dollar has problems and the globe starts saying we’re not going to use it anymore, and we’re going to force a devaluation on you . . . that is when the dollar will hit Main Street and the U.S. economy with price inflation. It’s coming this year. . . .This is the late stage, the very late stage.” Dr. Willie goes on to predict a big German bank will “cause a string of bank failures, a domino effect of failed banks.” Dr. Willie goes on to say, “When the big impact comes from the dollar global rejection, and when devaluation does take place, there will be three effects: a jump in prices . . . food shortages and supply disruptions, the third is violence. This is the year we have the currency explosion.” Don’t think Obama Care is going to make things easier. Dr. Willie thinks, “It will be 100 times the nightmare than you think it might be. . . . Obama Care is a big plan to track people, both their money and their bodies, like a bunch of herded animals. This is going to manage death of the individual and manage death of the economy.” Join Greg Hunter as he goes One-on-One with The Golden Jackass, Dr. Jim Willie: [Read more...]
Economist Dr. Paul Craig Roberts says, “We have a situation where all the markets are rigged. All the markets are manipulated.” As an example, Dr. Roberts points to the stock market. Dr. Roberts contends, “We have a stock market at all-time highs, and where is the economy? There’s not one. There’s no recovery.”
Dr. Roberts goes on to say, “53% of Americans earn less than $30,000 per year. Well, the poverty rate for a family of four is something like $24,000. . . .
If there is no income to drive the economy and there is no credit expansion to drive the economy, then how does it go anywhere? You can’t possibly have a recovery.” [Read more...]
Gerald Celente is one of the world’s top trends researchers. His top trends in 2014 start with the Middle East. Iran, Syria, Egypt, Israel, Yemen and Turkey are just a few of the countries facing big problems. Celente exclaims, “You just keep going around the Middle East, it’s total turmoil.” Will there be war in the Middle East in 2014? Celente says, “I thought it would have happened last year; but, then again, there are wild cards.” On the economy, Celente predicts, “Interest rates are going to go up. . . . When interest rates go up, the economy is going down—period.” Celente goes on to say, “I think they are going to institute more tapering, and it’s going to create a financial crisis worldwide.” On gold, Celente predicts, “Then they’re going to dump more dough into the system. When that happens, that’s when you’re going to see the real panic start to happen. . . . You’re going to see a rise in gold prices that’s going to eclipse the last one.” In Asia, Celente points out, “Things are heating up between China and Japan. If that thing goes into a war, it’s a whole new game.” Celente predicts, “Absent the war card, I think we will see a financial crisis before the end of the second quarter of 2014.” [Read more...]
Nomi Prins, former Wall Street banker and author, says, “There’s this myth . . . that somehow the Fed’s quantitative easing (money printing) is helping to create jobs. The big six bank stocks are outperforming the rise in the stock market generally by ten times, and that is really not talked about very much, and that’s a big multiple. They are the ones who have received the most benefit, and they are the ones who are still in trouble.”
Can the Fed stop supporting the big banks? According to Prins, “The banks can’t survive without the Fed support, period. . . . The Fed will not discontinue its program of helping these banks because the levels of problems are still the same.” According to Prins, depositors could be in trouble during the next banking calamity. Prins contends, “That is a danger. Depositors could lose money because the FDIC would not be able to contain a mega fallout. . . . They’re creating a facade of stability until it falls apart.”
Investigative reporter Michael Snyder says, “The only way they got the unemployment rate to go down is pretending that millions, upon millions, upon millions of Americans don’t want to work anymore. . . .If the labor force participation rate was exactly the same as it was when Obama was first elected, the unemployment rate would be 11%, and everybody would talking about an economic depression.” Snyder warns, “We’ve seen absolutely no employment recovery; and, meanwhile, the next great wave of economic crisis is rapidly approaching.”
Snyder contends, “What the Federal Reserve is doing is utter insanity. . . . The rest of the world is starting to lose faith in our financial system and the U.S. dollar, and this is the most important consequence of QE (money printing). They actually use more dollars outside the U.S. than inside the U.S. The economic collapse is happening right now, and it is a steady decline punctuated by moments of crisis like we saw back in 2008.”
Join Greg Hunter as he goes One-on-One with Michael Snyder of TheEconomicCollapseBlog. [Read more...]
Financial analyst and trader Gregory Mannarino says, “There will be no Fed taper . . . the Fed is the $85 billion a month gorilla in the room, and this will be increased sooner than later.” Mannarino contends, “The Fed will not allow the dollar to be strong . . . They have no recourse.
There is no recovery here in the United States. There is no economic recovery over in Europe. The central banks are going to attempt to print more in greater amounts to keep this propped up.” Mannarino goes on to say, “They’ve already lost control here. We’re just watching a slow motion train wreck come apart.” Mannarino steadfastly recommends putting some money in physical gold and silver. To his critics, Mannarino says, “I think people are missing the big picture . . . keep dollar cost averaging until the cows come home” Obama Care will be “awful” for the economy, and Mannarino points out, “This will be a wealth transfer. It’s that simple. They want young healthy people to subsidize the older sick ones.” Mannarino goes on to predict, “This is going to kill jobs beyond a shadow of a doubt. It is going to steal money that could be put into the economy.” [Read more...]
Money manager Peter Schiff thinks the nomination of Janet Yellen as Fed Chairman is “very bullish for gold.”
Yellen has admitted she did not see the 2008 financial meltdown coming which was caused by an enormous housing bubble. Schiff goes on to say, “Not only was she not warning about the housing bubble, she was trying to quiet some of the concerns other people had. She was saying, ‘hey some people are worried,’ but really we shouldn’t worry.” When it comes to raising the so-called debt ceiling, Schiff contends, “A limit to the growth of government is bad for gold. What’s good for gold is raising the debt ceiling . . . more borrowing, more money printing. . . . We’ll borrow as much money as the world is dumb enough to lend us. It’s really the lending ceiling.” All the borrowing and money printing is destroying the buying power of the U.S. dollar. Schiff predicts, “Americans’ standard of living is going to move dramatically lower. . . . We’re not going to be buying a lot of new things because stuff is going to be very expensive.” Schiff contends, “This is just a question of time until the illusion is pierced. When the collapse happens, that’s it–the party’s over. America is going to have to live within its means.” Join Greg Hunter as he goes One-on-One with Peter Schiff. [Read more...]
Former World Bank Senior Counsel Karen Hudes says, “It’s pretty clear where we’re headed, and that is something called permanent gold backwardation. That’s a fancy word for people losing confidence in paper currency. That means the value of currency in the future is less than today.” How bad is “permanent gold backwardation”? Hudes, who spent 20 years at the World Bank, says, “This is not just a bad event. This is like the meltdown of all meltdowns. What it means is you cannot finance international trade.” Hudes goes on to say, “It’s going to make any depression we ever had (the 30’s, 2008) pale in comparison.” Hudes says even though the credit ratings agencies rate U.S. debt high, they know just the opposite is true. Hudes contends, “This is actually an underhanded move because they know the U.S. dollar is going to lose its status as an international currency.” What would that look like to the man on the street? Hudes predicts, “Prices would change on a daily basis. They would double. The number of families that would be employed would be in the minority . . . there would be lawlessness.” Join Greg Hunter as he goes One-on-One with former World Bank lawyer Karen Hudes. [Read more...]
Former Goldman Sachs banker Nomi Prins says the financial system is more risky than before the 2008 meltdown. Prins, who wrote the best-seller, “It Takes a Pillage,” says, “We have greater concentration of . . . financial risk within fewer institutions. So, we’re in a situation where there is moral hazard, but there is more recklessness beneath the surface because they know they can get away with it.” Prins sees the recent op-ed piece by Russian President Vladimir Putin in the New York Times as a warning. She says, “To use Obama’s term, ‘American exceptionalism,’ as an excuse for that kind of combat, doesn’t negate the risk associated with it.” So, what could a U.S. war in Syria do to the fragile global economy? Prins contends, “It could implode and have serious ramifications on the financial systems starting with derivatives and working on outward.” Prins goes on to say, “It’s a tremendously dangerous time to be moving forward with aggression rather than moving backwards with diplomacy.” As far as the stock market goes, Prins says, “I would not put my money in the stock market right now. . . I would stay away from it because that is flimsy ground.” Join Greg Hunter as he goes One-on-One with best-selling author & former Goldman Sachs banker Nomi Prins. [Read more...]
Former Assistant Treasury Secretary Dr. Paul Craig Roberts says, “Let’s cut to the chase. It’s got nothing to do with Syria. The reason they are looking for a fabricated excuse to attack Assad is to continue the radicalization of Muslims in the hopes this spreads into the Muslim populations of Russia and China. . . .
Washington intends to weaken the two giants it cannot run over.” Dr. Roberts goes on to warn, “I think this will lead to World War III, and that, of course, will be nuclear.” One big dilemma Dr. Roberts points out, “The issue is will any aspect of the government have any credibility if they back Obama when the rest of the world already knows he’s lying through his teeth? . . . This time the big lie didn’t work like it did in Iraq.” On the economic front, Dr. Roberts worries, “If they start abandoning the dollar, the collapse of the exchange rate will bring down the whole house of cards in the United States. The Fed will lose control. The banks will fail. Prices will rise dramatically. People will essentially not be able to pay their bills. It will be an unbelievable mess.”
What would happen to gold with a Syrian war? Dr. Roberts says, “If you get a real collapse in the dollar, gold could be $30,000 an ounce. Who knows?” Join Greg Hunter as he goes One-on-One with economist Dr. Paul Craig Roberts. [Read more...]
TRUTH Journalist Greg Hunter from USAWatchdog joins the SGTReport to talk about everything from the Nasdaq ‘Glitch” to the lies of CFR-member mainstream mockingbirds to currency wars to the propaganda designed to take us into yet another war, this time in Syria – and potentially right into WW3. [Read more...]
Money manager Peter Schiff claims the real U.S. Gross Domestic Product (GDP) is closer to “$13 trillion” than the official government number of “$16.6 trillion.”
That is a discrepancy of $3.6 trillion! Schiff explains, “The government keeps telling us the economy is getting bigger, but millions of Americans are leaving the workforce. We’ve got record numbers of people on food stamps . . . and part-time jobs are replacing full-time jobs. How is that consistent with a growing economy? It’s not.” Schiff goes on to say, “It just makes perfect sense to me the economy is shrinking, yet the government is using phony numbers to try to convince us a shrinking economy is growing.” So, how does a shrinking economy pay off an enormous growing debt? Schiff contends, “So, when interest rates go up because the world realizes we have too much debt relative to the size of our economy, consumers can’t spend anymore, and now the economy collapses in size and the debt balloons . . . [Read more...]
Jim Willie says, “We’re leading up to a big event. We are having breakdowns in numerous structural elements of the financial system. We’re seeing a chain reaction of breakdown events in progress.” Fed Chief Ben Bernanke talked about tapering the money printing to buy bonds two months ago. Dr Willie contends, “The ‘taper talk’ was a stress test to find out what in the world would break down, and the answer was everything!” Dr. Willie predicts, “In the United States, we are going to have shortages across the board, and that includes gold and silver. Just think food and gasoline. That’s when the riots are going to start. You are going to see out of control chaos and the government stepping in to restore order. . . . Shortages and price inflation are going to drive people out of their minds.” Join Greg Hunter for an in-depth One-on-One interview with Dr. Jim Willie. [Read more...]