WEEKLY SUMMARY OF NEWS
By Greg Hunter’s USAWatchdog.com(WNW 344 7/20/18)
Putin dropped a bomb in the recent Trump/Putin meeting in Helsinki, Finland. Putin charged that an investment fund manager named Bill Browder (a British citizen) took $1.5 billion out of Russia and that he (and others) made the money illegally. On top of that, Putin charged that some U.S. Intelligence Officers helped guide “$400 million as a contribution to the campaign (2016) of Hillary Clinton.” Putin suggested Russian authorities want a deal to talk to Browder. Trump has turned down Putin, but shouldn’t the U.S. ask some questions? Don’t expect the disinformation scam that is the mainstream media (MSM) to ask the hard questions because FOX and MSNBC would only get Browder’s reaction to Trump turning down the Putin request. NOBODY would ask about the $400 million that Putin says was sent via U.S. Intel Officers to the Clinton Campaign. Not asking that question of Browder, when you have him on camera for an interview, is too stupid to be stupid.
The Deep State and their MSM partners are going hysterical because of the meeting with Donald Trump and Vladimir Putin. They are calling Trump a traitor, but they know it’s a fake and phony charge. The real reason for the hysteria is they know that the Deep State is in deep trouble, and they are trying anything they can to discredit him and cast doubt. Trump is not afraid and has announced another meeting with Putin. The Deep State wanted war between the U.S. and Russia, and it looks like peace is breaking out instead. The Deep State, MSM, Democrats and RINO’s are panicked that Russia and America are working together against the New World Order and the Deep State.
Warren Buffett’s bank, Wells Fargo, is in trouble again for ripping off its customers. Why do they keep doing this sort of thing? Could it be the bank needs money anyway it can get it?
Join Greg Hunter as he gives his analysis on the week’s top stories in the Weekly News Wrap-Up.
(This report talks about how the MSM is ignoring a $400 million Putin bomb he dropped on Clinton, the Deep State’s panicked reaction to the Trump/Putin meeting in Finland and mo
Putin dropped a bomb in the recent Trump/Putin meeting in Helsinki, Finland. Putin charged that an investment fund manager named Bill Browder (a British citizen) took $1.5 billion out of Russia and that he (and others) made the money illegally. On top of that, Putin charged that some U.S. Intelligence Officers helped guide “$400 million as a contribution to the campaign (2016) of Hillary Clinton.” Putin suggested Russian authorities want a deal to talk to Browder. Trump has turned down Putin, but shouldn’t the U.S. ask some questions? Don’t expect the disinformation scam that is the mainstream media (MSM) to ask the hard questions because FOX and MSNBC would only get Browder’s reaction to Trump turning down the Putin request. NOBODY would ask about the $400 million that Putin says was sent via U.S. Intel Officers to the Clinton Campaign. Not asking that question of Browder, when you have him on camera for an interview, is too stupid to be stupid.
The Deep State and their MSM partners are going hysterical because of the meeting with Donald Trump and Vladimir Putin. They are calling Trump a traitor, but they know it’s a fake and phony charge. The real reason for the hysteria is they know that the Deep State is in deep trouble, and they are trying anything they can to discredit him and cast doubt. Trump is not afraid and has announced another meeting with Putin. The Deep State wanted war between the U.S. and Russia, and it looks like peace is breaking out instead. The Deep State, MSM, Democrats and RINO’s are panicked that Russia and America are working together against the New World Order and the Deep State.
Warren Buffett’s bank, Wells Fargo, is in trouble again for ripping off its customers. Why do they keep doing this sort of thing? Could it be the bank needs money anyway it can get it?
Join Greg Hunter as he gives his analysis on the week’s top stories in the Weekly News Wrap-Up.
(This report talks about how the MSM is ignoring a $400 million Putin bomb he dropped on Clinton, the Deep State’s panicked reaction to the Trump/Putin meeting in Finland and mo

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Greg Hunt Weekly update
WRAP UP OF WORLD NEWS AND US POLITICS FOR THIS WEEK WITH GREG HUNT
2018 Predictions & Beyond – Almost All Positive – Clif High
By Greg Hunter In Political Analysis 23 Comments
By Greg Hunter’s USAWatchdog.com
Internet data mining expert Clif High says he’s “heartened by the positive nature of the information” he’s received in his latest report. Clif High uses something he calls “Predictive Linguistics,” which sorts through billions of bits of information to predict future trends and events. One of many big predictions Clif High made several months ago involved sexual misconduct would be revealed, especially in the mainstream media. So, are the sexual misconduct revelations over? Clif High says, “No, the part we saw in 2017 was kind of like the titles. We’ve got the main feature coming up in 2018 and in 2019. The volume of words involved in this scandal is going to quadruple or larger. It will take a couple of years to lay out. It will also involve a third or more of Congress, many of whom will elect to not continue in order to sidestep or try to sidestep legal issues as a result of their past behavior. . . . The data sets seem to indicate that some of the people taking hits now are doing so because they know there are far worse crimes they could be accused of, and so they are happy to get out of town, or get out of Dodge on just this little charge so to speak.”
So, does President Trump win the so-called “Fake News” war? In a word, Clif High says, “Yes. . . . It’s been kosher for the media to lie because they have been given some level of protection with their propaganda act. The data is suggesting that somebody is going to find a legal way to sue what we call the mainstream media for, I guess you could say, consumer fraud.”
Clif High says there is good news coming, but not just for 2018, many years after. Clif High explains, “There is a really interesting set of data that’s been building for some time, and we have had this big flush of long term data, which is why I decided to do this report that is going out five years. I named it the “Soaring Twenties,” even though we are not into the 2020’s. . . . Our 2020’s, to some extent, are replicating the kind of language in the newspapers and limited news reels they had at the time of the 1920’s. Only instead of being “The Roaring Twenties,” we’re going to have a “Soaring Twenties” because it’s a combination of an economic boom and a technological boom that are feeding off each other. This positive feedback is being sparked around the language of the (Trump) tax redo. It’s not a reform, it’s a total redo. . . .The money coming back is going to create a resurgence. A new kind of American is going to be rising out of this resurgence. We are going to be in a new great generation forming, not the Millennials, but the ones that are behind them.”
Clif High also talks about a coming “bond debacle,” soaring gold and silver prices in 2018 . . . the future of Bitcoin and other crypto currencies, legal actions taken against the bad actors in government and the “Deep State.” Clif High also predicts some “fantastic levels of business failures.”
Join Greg Hunter as he goes One-on-One with Clif High of HalfPastHuman.com.
So, does President Trump win the so-called “Fake News” war? In a word, Clif High says, “Yes. . . . It’s been kosher for the media to lie because they have been given some level of protection with their propaganda act. The data is suggesting that somebody is going to find a legal way to sue what we call the mainstream media for, I guess you could say, consumer fraud.”
Clif High says there is good news coming, but not just for 2018, many years after. Clif High explains, “There is a really interesting set of data that’s been building for some time, and we have had this big flush of long term data, which is why I decided to do this report that is going out five years. I named it the “Soaring Twenties,” even though we are not into the 2020’s. . . . Our 2020’s, to some extent, are replicating the kind of language in the newspapers and limited news reels they had at the time of the 1920’s. Only instead of being “The Roaring Twenties,” we’re going to have a “Soaring Twenties” because it’s a combination of an economic boom and a technological boom that are feeding off each other. This positive feedback is being sparked around the language of the (Trump) tax redo. It’s not a reform, it’s a total redo. . . .The money coming back is going to create a resurgence. A new kind of American is going to be rising out of this resurgence. We are going to be in a new great generation forming, not the Millennials, but the ones that are behind them.”
Clif High also talks about a coming “bond debacle,” soaring gold and silver prices in 2018 . . . the future of Bitcoin and other crypto currencies, legal actions taken against the bad actors in government and the “Deep State.” Clif High also predicts some “fantastic levels of business failures.”
Join Greg Hunter as he goes One-on-One with Clif High of HalfPastHuman.com.

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Clif High - soaring US Economy 2018

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Weekly News Up Date August 2017 Update news, developing share trading strategies
Fake News Trashing Trump, Seth Rich & Russian Hacking Charge, Economic Update
By Greg Hunter In Weekly News Wrap-Ups 126 Comments
USAWatchdog.com (WNW 284 5.19.17)
You would not think the Associated Press and the New York Times would do a negative story against President Trump with an anonymous source and a document read to them over the phone, but that is exactly what they both did when they published a story on an alleged Jim Comey memo after he was fired as FBI Director. The Comey memo has yet to be seen byanyone in the media and Congress. The so-called news organizations imply obstruction of justice by President Trump at a White House meeting with Comey in February. Here’s the big problem. In early May, Comey testified at a Senate hearing under oath that obstruction by the Trump White House “did not happen in my experience.” The mainstream media (MSM) is in full propaganda mode and are destroying any credibility it has left in doing fake news to trash Trump.
Meanwhile, the Trump Justice Department has appointed former FBI Director Robert Mueller to investigate unproven charges of Russian collusion with the Trump team. I wonder if the revelation that murdered DNC staffer Seth Rich giving thousands of DNC emails to WikiLeaks will be included in the investigation? This would destroy the Russian hacking narrative provided by the DNC and FBI. The criminal crony class on both sides of the aisle in Congress say the Russians hacked the Democrat National Committee servers to rig the election in favor of Donald Trump. That phony charge looks even more false now than ever.There was a ray of hope after Walmart reported that its digital sales were up a whopping 63%. That just may be Walmart using its muscle to take away even more sales from other retailers that are falling on hard times. Shadowstats.com is reporting “retail sales growth” is at “recession high levels.” Also, Ford just announced it is laying off 1,400 employees to boost its stock price. According to ShadowStats.com, wages are down and inflation is at 10%, if it were calculated the way BLS did it in 1980.Join Greg Hunter as he talks about these stories and more in the Weekly News Wrap-Up.
Meanwhile, the Trump Justice Department has appointed former FBI Director Robert Mueller to investigate unproven charges of Russian collusion with the Trump team. I wonder if the revelation that murdered DNC staffer Seth Rich giving thousands of DNC emails to WikiLeaks will be included in the investigation? This would destroy the Russian hacking narrative provided by the DNC and FBI. The criminal crony class on both sides of the aisle in Congress say the Russians hacked the Democrat National Committee servers to rig the election in favor of Donald Trump. That phony charge looks even more false now than ever.There was a ray of hope after Walmart reported that its digital sales were up a whopping 63%. That just may be Walmart using its muscle to take away even more sales from other retailers that are falling on hard times. Shadowstats.com is reporting “retail sales growth” is at “recession high levels.” Also, Ford just announced it is laying off 1,400 employees to boost its stock price. According to ShadowStats.com, wages are down and inflation is at 10%, if it were calculated the way BLS did it in 1980.Join Greg Hunter as he talks about these stories and more in the Weekly News Wrap-Up.
Cartoon of Trump
Empire Strikes Back on Trump-Catherine Austin Fitts
By Greg Hunter In Political Analysis 190 Comments
By Greg Hunter’s USAWatchdog.com (Early Sunday Release)
Investment advisor Catherine Austin Fitts says the oligarch, or establishment class, is on the attack. She calls this latest chapter in the Trump Administration “The Empire Strikes Back.” Fitts explains, “Number one, Trump came into Washington with an agenda that would really make America great again: tax reform, regulatory relief, infrastructure and Obama Care. Immediately, he got bogged down in those for a variety of reasons. If you look at Congress’s constituents, they can’t make money solving those things, particularly if it helps regular people. So, immediately you bog down on those issues. He’s trying to get his cabinet in place. In the meantime, you have the Empire worried about a variety of things. If you want to slow Donald Trump down or make sure the only thing he can get through Congress are things that are good for what I call the “piggies,” . . . the first thing you do is take out their loyal lieutenants. You take them out and try to put space between him and his lieutenants.”
Fitts, who was an Assistant Secretary of Housing in the first Bush (41) Administration, goes on to say, “The U.S. bureaucracy is huge and very complex, and it’s a matrix structure. The thing you want to do is bollocks him up in the structure. The reason you want to bollocks with a bureaucracy or the courts is then you bring everything into the mud and complicate their lives and make things harder to do. . . . What you are seeing is a war between the ‘piggies’ and ‘Titanic Turners.’ The big question is can Trump learn how to play the game.”
How does Trump win? Fitts contends, “Trump wins by staying focused on the real issues. The U.S. economy needs a variety of things, including turning the federal budget around. . . . . The reality is the federal budget has a negative return to taxpayers. It’s got to be turned positive. . . . That comes down to tax reform, infrastructure and it comes down to Obama Care. . . . Trump is the Titanic Turner, and he needs to stick to the big issues. . . . He has to make sure the shriek-o- meter does not destroy his top lieutenants and put space between him and them. Otherwise, the pigs are going to step in and run things.”
In closing, Fitts says, “What’s killing this economy is corruption and lawlessness. That’s what’s killing the economy. We need to deal with these problems.”
Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts, founder of “The Solari Report” on Solari.com.
Fitts, who was an Assistant Secretary of Housing in the first Bush (41) Administration, goes on to say, “The U.S. bureaucracy is huge and very complex, and it’s a matrix structure. The thing you want to do is bollocks him up in the structure. The reason you want to bollocks with a bureaucracy or the courts is then you bring everything into the mud and complicate their lives and make things harder to do. . . . What you are seeing is a war between the ‘piggies’ and ‘Titanic Turners.’ The big question is can Trump learn how to play the game.”
How does Trump win? Fitts contends, “Trump wins by staying focused on the real issues. The U.S. economy needs a variety of things, including turning the federal budget around. . . . . The reality is the federal budget has a negative return to taxpayers. It’s got to be turned positive. . . . That comes down to tax reform, infrastructure and it comes down to Obama Care. . . . Trump is the Titanic Turner, and he needs to stick to the big issues. . . . He has to make sure the shriek-o- meter does not destroy his top lieutenants and put space between him and them. Otherwise, the pigs are going to step in and run things.”
In closing, Fitts says, “What’s killing this economy is corruption and lawlessness. That’s what’s killing the economy. We need to deal with these problems.”
Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts, founder of “The Solari Report” on Solari.com.
Trump Destroys Climate Accord, Economic Update, Hillary in Denial
By Greg Hunter In Weekly News Wrap-Ups 49 Comments
By Greg Hunter’s USAWatchdog.com (WNW 286 6.2.17)
President Trump not only backed out of the so-called Paris Climate Accord, but he destroyed it. The climate accord is bad for America and the working class the Democrats now shun. Trump says it will cost millions of U.S. jobs and does not clean up the climate. China, one of the biggest polluters on the planet, gets to not only keep on polluting, but increase it along with India until the year 2030. Maybe this is why Trump says, “This Agreement is less about climate and more about other countries gaining a financial advantage over the United States.” The Left and propaganda MSM media have gone berserk, but still do not attack Trump on his facts, and that says it all. The Climate Accord, brokered by Obama, is a very bad deal for America. (For full Trump climate text, click here.) For Trump speech video, click here.)
The Economy has some bright spots under President Trump, but there is unpayable debt everywhere. This week, Moody’s and S&P downgraded the debt of Illinois to the lowest level ever for a U.S. state. Illinois debt is rated near “junk.” There is no wonder as the state now has a whopping $14.5 billion in unpaid bills. Other states, like California, are also in deep financial trouble. This is just a small part of the debt picture in America. Everywhere you look, from the Federal government to individual debt, is out of control.
Hillary Clinton went off on the DNC data operation. That’s rich from a person who used unprotected private servers and destroyed more than 30,000 emails after getting a subpoena to produce them to Congress. Hillary Clinton was speaking at the “Code Conference” this week and blamed the poor DNC data operation on her 2016 Presidential loss. Clinton also said the “DNC was Bankrupt,” and “On the edge of insolvency.” Clinton also claimed, “I had to inject money into it, the DNC, to keep it running.” Is Hillary Clinton in denial about her short comings or is she afraid of being shunned by the DNC after her second failed presidential bid?
Join Greg Hunter as he talks about these stories and more in the Weekly News Wrap-Up.
The Economy has some bright spots under President Trump, but there is unpayable debt everywhere. This week, Moody’s and S&P downgraded the debt of Illinois to the lowest level ever for a U.S. state. Illinois debt is rated near “junk.” There is no wonder as the state now has a whopping $14.5 billion in unpaid bills. Other states, like California, are also in deep financial trouble. This is just a small part of the debt picture in America. Everywhere you look, from the Federal government to individual debt, is out of control.
Hillary Clinton went off on the DNC data operation. That’s rich from a person who used unprotected private servers and destroyed more than 30,000 emails after getting a subpoena to produce them to Congress. Hillary Clinton was speaking at the “Code Conference” this week and blamed the poor DNC data operation on her 2016 Presidential loss. Clinton also said the “DNC was Bankrupt,” and “On the edge of insolvency.” Clinton also claimed, “I had to inject money into it, the DNC, to keep it running.” Is Hillary Clinton in denial about her short comings or is she afraid of being shunned by the DNC after her second failed presidential bid?
Join Greg Hunter as he talks about these stories and more in the Weekly News Wrap-Up.
Home » Latest News and Top Stories
Latest News and Top Stories
In this section, I place the latest news and top stories I think are timely and insightful. This could also be something I thought was interesting or useful from YouTube. It can also include commentary from ordinary people or actual news video or news stories. This can come from the MSM or alternative media that you will not get in the mainstream. In short, I put the stuff that I find is useful and interesting under “News From Around the Web.” You will not find celebrity gossip or entertainment news here. I also will give my thoughts, short commentary or reason for posting stories in this section. I may also post analysis and videos that you will not find anywhere else.
Latest News From Around the Web (formerly: Hunter’s Top Stories):
Errors From The Press Are Piling Up In The Opening Weeks Of The Trump Administration (Propaganda! They Intend to Get it Wrong!) “US Unleashes New Sanctions On Iran; Russia Says “Counter-Productive” U.N. Official Admits Global Warming Agenda Is Really About Destroying Capitalism (Truth Bomb!!!) Bombshell: At Least 25 Million Dead and Fraudulent “Registered Voters” in 2016 CRA: The “Regulatory Game Changer” That Could Wipe Out 8 Years Of Obama Regs In An Hour (Pls read!!) Poll: 74 Percent of Californians Want to End Sanctuary Cities An Ex-Muslim girl explains why Muslims are ”allergic ” to Christianity (This is very good. Watch and learn.) Report: George Soros Tied to More Than 50 ‘Partners’ of Anti-Trump Women’s March (More Fake Paid Protests??) Watching major media commit suicide (This is very good. Please read.) Pepe Escobar: Here’s How The Trump Presidency Will Play Out (This is very interesting. Please read.) Donald Trump eviscerates Washington in his inaugural address THE CIA AND THE MEDIA (Carl Berstein) Davos Elites Call For a Ban on Physical Cash… in the US. New ABC / WaPo Poll Shows Drop In Trump Favorability Courtesy Of Aggressive “Oversamples” (Here we go again–FAKE NEWS) The Clinton Foundation Is Shutting Down The Clinton Global Initative (Are they shutting it down because they are doing too much good for the world????) Fake News Media Doubles Down On Anti-Trump Peegate Propaganda Trump’s CNN tirade may affect Time Warner-AT&T merger READY FOR WAR US Army moves 2,500 tanks, trucks and military vehicles into Europe in the biggest troop transfer since the Cold War NYT Accuses CNN, BuzzFeed Of Peddling “Fake News” Over Russia Report France Prepares Yet Another Anti-Israel International Assault, with Obama’s Blessing (Obama’s Anti-Israel Parting Bomb) U.S. Navy ship fired warning shots at Iranian vessels (The next level??)\ Palestinian Official: We’ve Talked With White House About More UN Action On Israel Erdogan Says He Has “Confirmed Evidence” The US Supports ISIS (Boy, this flew under the MSM radar!!!) Netanyahu Slams John Kerry For ‘Biased Speech Against Israel’ Obama Launches Scorched Earth Policy in Final Days Before Trump Trump Slams Obama “Inflammatory Statements”, Tells Israel To “Stay Strong, Jan 20 Is Fast Approaching” Kerry Rebukes Israel, Calling Settlements a Threat to Peace (Is the Obama Administration trying to create as much global chaos as possible before Jan 20th???) Israel intensifies battle with U.S. over U.N. resolution on settlements (Is Obama Trying to create as much chaos as possible before he leaves office???) Netanyahu: UN Silent About Jews Being Massacred, Expelled from West Bank, Eastern Jerusalem Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time Obama Quietly Signs The “Countering Disinformation And Propaganda Act” Into Law (Creating as much damage as he can before he leaves office??) ‘I HAVE CONFIRMED EVIDENCE’ Turkey’s president Recep Tayyip Erdogan claims US-led coalition forces have ‘supported ISIS’ Electoral College Vote Seals Trump White House Victory (Hillary Hail Marry Fails!!!) Berlin terror attack: Truck ploughs into crowd of shoppers killing nine, trapping others and leaving 50 injured at Christmas market Video: What They’re NOT Telling You About the Russian Ambassador Shooting (This is good!) Clintons Confirm Participation In Recount Plan, Despite No “Actionable Evidence Of Hacking” The Washington Post: Useful-Idiot Shills For A Failed, Frantic Status Quo That Has Lost Control Of The Narrative Hidden Ipsos Poll: Public Strongly Backs Donald Trump’s Plan To ‘Pause’ Legal Immigration $25 Million Settlement Reached in Trump University Lawsuit (He could not let this interfere with his presidency. Good move.) Critically Acclaimed Investigative Journalist James O’Keefe Releases an ACTUAL “FAKE NEWS” List
Errors From The Press Are Piling Up In The Opening Weeks Of The Trump Administration (Propaganda! They Intend to Get it Wrong!) “US Unleashes New Sanctions On Iran; Russia Says “Counter-Productive” U.N. Official Admits Global Warming Agenda Is Really About Destroying Capitalism (Truth Bomb!!!) Bombshell: At Least 25 Million Dead and Fraudulent “Registered Voters” in 2016 CRA: The “Regulatory Game Changer” That Could Wipe Out 8 Years Of Obama Regs In An Hour (Pls read!!) Poll: 74 Percent of Californians Want to End Sanctuary Cities An Ex-Muslim girl explains why Muslims are ”allergic ” to Christianity (This is very good. Watch and learn.) Report: George Soros Tied to More Than 50 ‘Partners’ of Anti-Trump Women’s March (More Fake Paid Protests??) Watching major media commit suicide (This is very good. Please read.) Pepe Escobar: Here’s How The Trump Presidency Will Play Out (This is very interesting. Please read.) Donald Trump eviscerates Washington in his inaugural address THE CIA AND THE MEDIA (Carl Berstein) Davos Elites Call For a Ban on Physical Cash… in the US. New ABC / WaPo Poll Shows Drop In Trump Favorability Courtesy Of Aggressive “Oversamples” (Here we go again–FAKE NEWS) The Clinton Foundation Is Shutting Down The Clinton Global Initative (Are they shutting it down because they are doing too much good for the world????) Fake News Media Doubles Down On Anti-Trump Peegate Propaganda Trump’s CNN tirade may affect Time Warner-AT&T merger READY FOR WAR US Army moves 2,500 tanks, trucks and military vehicles into Europe in the biggest troop transfer since the Cold War NYT Accuses CNN, BuzzFeed Of Peddling “Fake News” Over Russia Report France Prepares Yet Another Anti-Israel International Assault, with Obama’s Blessing (Obama’s Anti-Israel Parting Bomb) U.S. Navy ship fired warning shots at Iranian vessels (The next level??)\ Palestinian Official: We’ve Talked With White House About More UN Action On Israel Erdogan Says He Has “Confirmed Evidence” The US Supports ISIS (Boy, this flew under the MSM radar!!!) Netanyahu Slams John Kerry For ‘Biased Speech Against Israel’ Obama Launches Scorched Earth Policy in Final Days Before Trump Trump Slams Obama “Inflammatory Statements”, Tells Israel To “Stay Strong, Jan 20 Is Fast Approaching” Kerry Rebukes Israel, Calling Settlements a Threat to Peace (Is the Obama Administration trying to create as much global chaos as possible before Jan 20th???) Israel intensifies battle with U.S. over U.N. resolution on settlements (Is Obama Trying to create as much chaos as possible before he leaves office???) Netanyahu: UN Silent About Jews Being Massacred, Expelled from West Bank, Eastern Jerusalem Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time Obama Quietly Signs The “Countering Disinformation And Propaganda Act” Into Law (Creating as much damage as he can before he leaves office??) ‘I HAVE CONFIRMED EVIDENCE’ Turkey’s president Recep Tayyip Erdogan claims US-led coalition forces have ‘supported ISIS’ Electoral College Vote Seals Trump White House Victory (Hillary Hail Marry Fails!!!) Berlin terror attack: Truck ploughs into crowd of shoppers killing nine, trapping others and leaving 50 injured at Christmas market Video: What They’re NOT Telling You About the Russian Ambassador Shooting (This is good!) Clintons Confirm Participation In Recount Plan, Despite No “Actionable Evidence Of Hacking” The Washington Post: Useful-Idiot Shills For A Failed, Frantic Status Quo That Has Lost Control Of The Narrative Hidden Ipsos Poll: Public Strongly Backs Donald Trump’s Plan To ‘Pause’ Legal Immigration $25 Million Settlement Reached in Trump University Lawsuit (He could not let this interfere with his presidency. Good move.) Critically Acclaimed Investigative Journalist James O’Keefe Releases an ACTUAL “FAKE NEWS” List
Clinton Charity is
Massive Global
Swamp-Charles Ortel
By Greg Hunter In Politics 127 Comments
By Greg Hunter’s USAWatchdog.com
Wall Street financial analyst Charles Ortel has applied the same research skills he does to see if a company has sound solvent accounting to the Clinton charity machine. Ortel has called the Clintons the “Bonnie and Clyde” of charity fraud. What does Ortel say now that the Clintons are shutting down there so-called global charity? Ortel contends, “The Clinton Global Initiative (CGI) was a fraud from the very beginning. It started in September of 2005 as an interesting idea that you would convene around the time of the U.N. General Assembly in New York. You would convene world leaders, former government officials, investors, corporate officers and members of the media in closed sessions where you would talk about high sounding topics, and noble people would stand up on stage and say how much good they were going to do under the guise of charity. The trouble with that is . . . the CGI was an activity so distinct and so different than the main authorized activity of being a library and being a presidential archive based in Little Rock that it should have sought approval from the IRS . . . and it never did that.”
How big is the Clinton charity fraud? Ortel says, “I fear what happened here is, this fraud in the very beginning, it wasn’t caught. It was like cancer. The tumors got bigger and bigger and bigger, and it spread from Arkansas to every state. Then, it spread around the world. It touches the Bush arm of the Republican Party, and it certainly touched the Obama wing of the Democrat Party. It began to touch different countries around the world who watched what Bill (Clinton) was doing. Bill was bankrupt, and they walked out of the front door of the White House stealing as much furniture as they could get away with. People around the world saw how Bill, Hillary and Chelsea used their marque name and their celebrity to garner riches. Other government leaders started to emulate them. . . . You are creating a massive global swamp.”
Why is the Clinton charity shutting down now? Ortel, who has analyzed the Clinton charity for more than two years, says, “I think, in part, because nobody wants to contribute to it. That’s one reason. Unfortunately, they are going to learn the hard way the way charity laws actually work. You can’t simply shut something down and not answer any questions. . . . The laws are such that before you liquidate, and that is what they have to do here, you must make full disclosure, and they have never made proper disclosures here. . . . Going back to the Clinton Global Initiative, narrowly, what the (Clintons) tried to keep from public view are all the crooked side deals. . . . There are multiple private deals concocted out of the CGI, and every single one of them is what’s called ‘illegal private gain.’ . . . What they don’t seem to understand is, with charity fraud, the burden falls on the targeted charity to prove that it was lawful. . . If you destroy these records, which is what I fear they are doing, you are only compounding your problems. . . . Many countries are looking into this, and I think what you are going to find is a cascading mountain of new evidence. . . .This is a text book case of charity run amuck. . . . I think the case is overwhelming.”
Join Greg Hunter as he goes One-on-One with financial analyst Charles Ortel.
(There is much more in the video interview.)
How big is the Clinton charity fraud? Ortel says, “I fear what happened here is, this fraud in the very beginning, it wasn’t caught. It was like cancer. The tumors got bigger and bigger and bigger, and it spread from Arkansas to every state. Then, it spread around the world. It touches the Bush arm of the Republican Party, and it certainly touched the Obama wing of the Democrat Party. It began to touch different countries around the world who watched what Bill (Clinton) was doing. Bill was bankrupt, and they walked out of the front door of the White House stealing as much furniture as they could get away with. People around the world saw how Bill, Hillary and Chelsea used their marque name and their celebrity to garner riches. Other government leaders started to emulate them. . . . You are creating a massive global swamp.”
Why is the Clinton charity shutting down now? Ortel, who has analyzed the Clinton charity for more than two years, says, “I think, in part, because nobody wants to contribute to it. That’s one reason. Unfortunately, they are going to learn the hard way the way charity laws actually work. You can’t simply shut something down and not answer any questions. . . . The laws are such that before you liquidate, and that is what they have to do here, you must make full disclosure, and they have never made proper disclosures here. . . . Going back to the Clinton Global Initiative, narrowly, what the (Clintons) tried to keep from public view are all the crooked side deals. . . . There are multiple private deals concocted out of the CGI, and every single one of them is what’s called ‘illegal private gain.’ . . . What they don’t seem to understand is, with charity fraud, the burden falls on the targeted charity to prove that it was lawful. . . If you destroy these records, which is what I fear they are doing, you are only compounding your problems. . . . Many countries are looking into this, and I think what you are going to find is a cascading mountain of new evidence. . . .This is a text book case of charity run amuck. . . . I think the case is overwhelming.”
Join Greg Hunter as he goes One-on-One with financial analyst Charles Ortel.
(There is much more in the video interview.)
Home » Market Analysis » Banks Not Going Broke, They Are Broke-Rick Rule
Banks Not Going Broke, They Are Broke-Rick Rule
By Greg Hunter In Market Analysis 95 Comments
Rick Rule is an expert on investing in all sorts of natural resources, and that includes gold and silver. He thinks it won’t take a “catastrophic event” to move prices higher in precious metals. Rule explains, “You remember the decade of the 1970’s? The shocks to the financial system were severe but survivable. The gold price went from $35 per ounce to $850 per ounce.. . . As you can see, I am not a young guy. I was a finance major, and the way I learned accounting, it’s not like the banks are going to go broke, the banks are broke. . . . It isn’t a question of ongoing bank solvency. It’s a question of real bank solvency and how long people will believe in the system. . . . If the major players had to face a liquidity squeeze, even the level of magnitude they faced in 2008, I suspect the fiscal tools available are constrained enough now that they would be unsuccessful in containing a broad liquidity base contagion.”
So, we would see bankruptcies and failures, and the Fed would have to let things go. Rule contends, “I don’t think they would have any other choice but to let them go. My suspicion is we are going to skate through this without a catastrophic situation. I could be right and I could be wrong, but I think in terms of the gold price, it doesn’t matter. If the system is tested, tested and not wrecked, it will be extraordinary for the gold price. What people fail to recognize is the simple arithmetic that you and I owe each other, and other countries, $20 trillion. That’s $20 trillion in liabilities. That’s 20 with twelve zeros. People don’t focus on it because it’s almost an incomprehensible number. Beyond that, we owe each other in the context of promises in excess of $100 trillion. That number doesn’t come from a cranky old guy at Sprott. It comes from the Congressional Budget Office. How on earth are we going to resolve $120 trillion on balance sheet and off balance sheet liabilities before we consider state and local debt and underfunded pensions? My suspicion is we get out of this in one of two kinds of defaults. A formal default where . . . they say to 64 year old Rick Rule that we made you promises on Social Security, Medicare and Medicaid, but we lied. We say to holders of U.S. debt where we gave a full faith and credit promise that we lied. Those are official defaults. That requires telling the truth, and I think that is unlikely. I think we will have a series of unofficial defaults where we devalue the net present value of the obligations, which is a different way of saying we devalue the . . . currency, gradually like we did in the 1970’s. I think that will have the same impact on gold and silver prices.”
On the best thing President-elect Trump can do for America, Rule contends, “If Mr. Trump can roll back restrictive regulation in the United States, we are our own greatest enemy. If he can make the United States great again in the sense he keeps us from competing with ourselves, then we will see a spectacular economic boom in this country.”
Join Greg Hunter as he goes One-on-One with Rick Rule, President and CEO of S
So, we would see bankruptcies and failures, and the Fed would have to let things go. Rule contends, “I don’t think they would have any other choice but to let them go. My suspicion is we are going to skate through this without a catastrophic situation. I could be right and I could be wrong, but I think in terms of the gold price, it doesn’t matter. If the system is tested, tested and not wrecked, it will be extraordinary for the gold price. What people fail to recognize is the simple arithmetic that you and I owe each other, and other countries, $20 trillion. That’s $20 trillion in liabilities. That’s 20 with twelve zeros. People don’t focus on it because it’s almost an incomprehensible number. Beyond that, we owe each other in the context of promises in excess of $100 trillion. That number doesn’t come from a cranky old guy at Sprott. It comes from the Congressional Budget Office. How on earth are we going to resolve $120 trillion on balance sheet and off balance sheet liabilities before we consider state and local debt and underfunded pensions? My suspicion is we get out of this in one of two kinds of defaults. A formal default where . . . they say to 64 year old Rick Rule that we made you promises on Social Security, Medicare and Medicaid, but we lied. We say to holders of U.S. debt where we gave a full faith and credit promise that we lied. Those are official defaults. That requires telling the truth, and I think that is unlikely. I think we will have a series of unofficial defaults where we devalue the net present value of the obligations, which is a different way of saying we devalue the . . . currency, gradually like we did in the 1970’s. I think that will have the same impact on gold and silver prices.”
On the best thing President-elect Trump can do for America, Rule contends, “If Mr. Trump can roll back restrictive regulation in the United States, we are our own greatest enemy. If he can make the United States great again in the sense he keeps us from competing with ourselves, then we will see a spectacular economic boom in this country.”
Join Greg Hunter as he goes One-on-One with Rick Rule, President and CEO of S
Why Are World Leaders Visiting Antarctica?-Steve Quayle
By Greg Hunter In Political Analysis 320 Comments
By Greg Hunter’s USAWatchdog.com (Early Sunday Release)
In the last few months, the world’s political and religious leaders have been making trips to the continent at the bottom of the world—Antarctica. Author of “Empire Beneath the Ice” (second edition December 2016). Steve Quayle says people should take notice. Quayle explains, “What really is going on down there? Here is the billion dollar question, and probably the trillion dollar question: Why are the world’s religious leaders and the world’s most powerful leaders going to Antarctica? I don’t think the Russian Patriarch Kirill is going down there to meet penguins, with no disrespect meant. Someone or something has summoned the world’s leaders.”
Quayle also says, “Most people don’t understand, and this is critical, the United States, in 1947, sent a war flotilla to the Antarctic under Admiral Byrd and it was called “Operation Highjump.” It was to seek out and destroy the hidden Nazi bases that intelligence agencies provided them the documentation for. It wasn’t a small thing. There were 13 ships and 4,700 men and state of the art U.S. weaponry. The bad news is we got our rear ends kicked. Russians were spying on us, and they had a video of our aircraft encountering flying saucers.”
Fast forward to today, and Quayle contends, “Black physics is beyond the PhD level, and we are seeing this with CERN (European Council for Nuclear Research). What is so critical for people to understand is, as more activity takes place at CERN, the occult rituals associated with it are so in your face you can’t dismiss this stuff anymore as being the ranting’s of this fringe or that fringe. Something is happening, and the Antarctic is critical. It’s my contention that because of the advanced technology of the Third Reich . . . that they went under the ice, so to speak, and came into contact with beings, sentient beings that Wernher von Braun and others have made reference to many times before they passed away. So, all this is a matter of record. When you put all the records together, it points to this: There is some entity or group of entities that are thinking and have advanced technology and, basically, give orders to the religious and political leaders of our day.”
The history of the world is not what it is. It is what the powers that be pretend it to be. For the record, all of the world’s leaders never believed that Hitler died in the bunker.”
Join Greg Hunter as he goes One-on-One with Steve Quayle author of “Empire Beneath the Ice.”
Quayle also says, “Most people don’t understand, and this is critical, the United States, in 1947, sent a war flotilla to the Antarctic under Admiral Byrd and it was called “Operation Highjump.” It was to seek out and destroy the hidden Nazi bases that intelligence agencies provided them the documentation for. It wasn’t a small thing. There were 13 ships and 4,700 men and state of the art U.S. weaponry. The bad news is we got our rear ends kicked. Russians were spying on us, and they had a video of our aircraft encountering flying saucers.”
Fast forward to today, and Quayle contends, “Black physics is beyond the PhD level, and we are seeing this with CERN (European Council for Nuclear Research). What is so critical for people to understand is, as more activity takes place at CERN, the occult rituals associated with it are so in your face you can’t dismiss this stuff anymore as being the ranting’s of this fringe or that fringe. Something is happening, and the Antarctic is critical. It’s my contention that because of the advanced technology of the Third Reich . . . that they went under the ice, so to speak, and came into contact with beings, sentient beings that Wernher von Braun and others have made reference to many times before they passed away. So, all this is a matter of record. When you put all the records together, it points to this: There is some entity or group of entities that are thinking and have advanced technology and, basically, give orders to the religious and political leaders of our day.”
The history of the world is not what it is. It is what the powers that be pretend it to be. For the record, all of the world’s leaders never believed that Hitler died in the bunker.”
Join Greg Hunter as he goes One-on-One with Steve Quayle author of “Empire Beneath the Ice.”

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Steve Quayle reveals what is at Antartica

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Catherine Austin said, " Empire Strikes Back" Very well said.

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Debt Crisis builds
WikiLeaks Documents Coming From US Intelligence Not Russia, MSM & Democrat Party Dying
By Greg Hunter Weekly News Wrap-Ups 74 Comments
By Greg Hunter’s USAWatchdog.com
There are numerous reports on the alternative media of documents being given to WikiLeaks to counter the corruption and lawlessness of the Obamas and Clintons. AG Loretta Lynch has been reportedly blocking an FBI investigation into the Clinton Foundation that many say is a “global charity fraud” and a “huge criminal conspiracy.” The leaked emails and documents show corruption between the Justice Department and Hillary Clinton. These documents and emails also show a grand cover-up of the true treason that has taken place in the highest offices of the U.S. government.
The mainstream media (MSM) have been committing fraud on shareholders and the public by holding themselves out as “news organizations” when, in fact, they are functioning as propaganda for the Clinton campaign. It’s no surprise that the nation’s biggest newspaper, USA Today (GCI), has had its share price cut in half in the last a year. Reuters is laying off 2,000 people, and quarterly profits at the New York Times have fallen by 95%. The public is not buying the lies and propaganda the MSM is selling for the Democrats and the Clinton Campaign.
Internet researcher Clif High says both the MSM and the Democrat Party are dying. He says by 2020, the Democrat party will not exist, and the MSM will be well on its way to its death.
Join Greg Hunter as he talks about these stories and more in the Weekly News Wrap-Up.
The mainstream media (MSM) have been committing fraud on shareholders and the public by holding themselves out as “news organizations” when, in fact, they are functioning as propaganda for the Clinton campaign. It’s no surprise that the nation’s biggest newspaper, USA Today (GCI), has had its share price cut in half in the last a year. Reuters is laying off 2,000 people, and quarterly profits at the New York Times have fallen by 95%. The public is not buying the lies and propaganda the MSM is selling for the Democrats and the Clinton Campaign.
Internet researcher Clif High says both the MSM and the Democrat Party are dying. He says by 2020, the Democrat party will not exist, and the MSM will be well on its way to its death.
Join Greg Hunter as he talks about these stories and more in the Weekly News Wrap-Up.

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Weekly Wrap up of the economy, Politics in US and much more. Theme this week was disinformation, negative media and mind control Update on World Events

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Time magazine. Donald Trump President of the US . Why on front page after they discredited him. They say they made a mistake.
TEETERING ON GLOBAL WAR The ceasefire is basically over in the Syrian War after less than a week. The U.S. reportedly bombed a known Syrian military position five days into the cease fire and killed at least 83 Syrian soldiers and wounded more than 100. The U.S. says it was just a “mistake,” but Russia says this “mistake” came with four U.S. warplanes and an attack that lasted 15 minutes. Now, trust between the U.S. and Russia is gone, and diplomacy is largely off the table. Is a wider Middle East war not too far behind? In a word, yes.
The violence is increasing between the cops and the black community after two police shootings in Oklahoma and North Carolina. Is it really the fault of the police that the black community is in such disarray when it has been run for decades by Democrats? There are high rates of unemployment, poverty, crime and children born out of wedlock. Is the black leadership blaming their failed policies on the police? It sure looks that way. Louis Farrakhan says that President Obama has “failed the black community.”
The economy is bad and is going to get much worse according to many high powered multi-billion dollar fund managers. There is no wonder why the Fed did not raise interest rates after saying at the beginning of this year it would raise rates four times. How many times has the Fed raised rates in 2016? Zero, and that is why Gregory Mannarino of TradersChoice.net says the Fed not raising rates really means the “economy is in crisis.”
The violence is increasing between the cops and the black community after two police shootings in Oklahoma and North Carolina. Is it really the fault of the police that the black community is in such disarray when it has been run for decades by Democrats? There are high rates of unemployment, poverty, crime and children born out of wedlock. Is the black leadership blaming their failed policies on the police? It sure looks that way. Louis Farrakhan says that President Obama has “failed the black community.”
The economy is bad and is going to get much worse according to many high powered multi-billion dollar fund managers. There is no wonder why the Fed did not raise interest rates after saying at the beginning of this year it would raise rates four times. How many times has the Fed raised rates in 2016? Zero, and that is why Gregory Mannarino of TradersChoice.net says the Fed not raising rates really means the “economy is in crisis.”
US/Russia Very Close to War, Global Debt Out of Control says IMF and MSM Political Hacks
Home » Weekly News Wrap-Ups » US/Russia Very Close to War, Global Debt Out of Control says IMF and MSM Political HacksThe U.S. and Russia are a lot closer to war in Syria than the mainstream media (MSM) would like you to think. One top U.S general said that war would be “extremely lethal and fast” and he said it was “almost guaranteed.” Russia threatened to “shoot down U.S. aircraft over Syria. Meanwhile, Secretary of State John Kerry has broken off all diplomatic relations with Russia in Syria.The International Monetary fund (IMF) is warning of much slower global growth. That means there is an even better chance that the ocean of debt accumulated around the world will not be repaid. Puerto Rico just defaulted on its $70 in debt, and that is just the tip of a much deeper debt iceberg. The IMF also warns that debt to GDP globally is an astounding $225%, and it says there is $152 trillion in debt around the planet.The MSM continues to reveal themselves for the biased political hacks they are. They have told you that it is the MSM’s “duty” to “Stop Trump.” Anybody with half of a brain knows that journalism has ceased long ago, and the MSM are just political shills who do not care if they destroy their own business model. To be a journalist, you must be a fair arbiter of the truth. The only thing the MSM is doing is cutting their own journalistic throats by their political hack job against Trump. Look for big layoffs in the MSM when Trump wins.
MSM Committing Massive Fraud, Economic Red Alert, WWIII Update
The Wiki Leaks slimy revelations about the DNC and the Clintons’ emails prove the mainstream media (MSM) is committing massive fraud on shareholders and the public. Organizations such as the New York Times, Washington Post, NBC, CNBC, Politico, The Boston Globe and many others hold themselves out as news organizations and fair arbiters of the truth, when they are really just one sided political hacks. I predict the public will reject the MSM in droves, and share prices will plunge. Look out for shareholder lawsuits in 2017.
HSBC has issued a “Red Alert” to its clients and also predicts a “severe fall” in the stock market. HSBC analysts say the markets are acting the same way as before other big stock market crashes. Meanwhile, the Federal Reserve has released its monthly minutes, and they are concerned about Fed “credibility” and about the Fed holding rates too low for too long. Gregory Mannarino of TradersChoice.net contends that the fact the Fed is verbalizing their fears is a huge warning sign of upcoming trouble in the financial markets.
The U.S. and Russia are inching closer to war. Russia has now moved its potent S-300 and S-400 anti-aircraft missiles into Syria. Russia has threatened war if the U.S. attacks Syrian troops again. There are some talks this weekend in Switzerland to try to avoid conflict between Russia and the U.S., but most are not holding out much hope of success after the U.S. broke the last ceasefire between the two countries. President Obama reportedly is trying to decide what military action will be taken in Syria. Meanwhile, top Russian politicians warn of “nuclear war” if Hillary Clinton is elected.
HSBC has issued a “Red Alert” to its clients and also predicts a “severe fall” in the stock market. HSBC analysts say the markets are acting the same way as before other big stock market crashes. Meanwhile, the Federal Reserve has released its monthly minutes, and they are concerned about Fed “credibility” and about the Fed holding rates too low for too long. Gregory Mannarino of TradersChoice.net contends that the fact the Fed is verbalizing their fears is a huge warning sign of upcoming trouble in the financial markets.
The U.S. and Russia are inching closer to war. Russia has now moved its potent S-300 and S-400 anti-aircraft missiles into Syria. Russia has threatened war if the U.S. attacks Syrian troops again. There are some talks this weekend in Switzerland to try to avoid conflict between Russia and the U.S., but most are not holding out much hope of success after the U.S. broke the last ceasefire between the two countries. President Obama reportedly is trying to decide what military action will be taken in Syria. Meanwhile, top Russian politicians warn of “nuclear war” if Hillary Clinton is elected.
Greg Hunter’s @ http://usawatchdog.com
My top story is not New Jersey Governor Chris Christie and the “lane closure gate” on the George Washington bridge between New York and New Jersey. In a word, it is “stupid.” The amount of time the networks spent on this story is outrageous. They should spend this much time on things like the NSA spying and the IRS being used as a political weapon. This is why the mainstream media is fast becoming irrelevant and untrusted. They are not covering real news. Hey, how about the mountain of red in in both New York and New Jersey. They are two of the most indebted states in the union, with hundreds of billions of dollars of debt!
The mainstream media will not give up on the phony recovery story. Here’s the latest economic lie: USA Today reports “Job Growth’s Looking Better.” Forget that 70% of those jobs are part-time and pay low wages. Don’t bother to report a big reason the unemployment rate is declining as the labor participation rate is bouncing around 30-year lows. Hey, here’s a headline for you: “Macy’s to Cut 2,500 jobs.” This is going to help its “profitability.” Yes, laying off people and closing stores is a sign of growth. It’s selling so much merchandise, Macy’s needs less stores and less people. How about the ice cream plant in Maryland with a few dozen job openings? 1,600 people scrambled to apply for those few jobs. Yeah, we are in a so-called recovery.
Janet Yellen is the New Federal Reserve Chief. In her first Time Magazine interview, Yellen said, “You know, a lot of people say, this [asset buying] is just helping rich people. But it’s not true. Our policy is aimed at holding down long-term interest rates, which supports the recovery by encouraging spending.” I guess Ms. Yellen and Time didn’t see that Op-Ed piece in the Wall Street Journal last November by former Fed Official Andrew Huszar. He was in charge of the bond buying program. He made a public apology and said, “The central bank continues to spin QE as a tool for helping Main Street. But I’ve come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.” Yeah, the Fed is helping the little guy—right.
Another week and it’s another fine for JP Morgan. This time, it was to settle criminal charges for the bank’s involvement in the $65 billion Bernie Madoff scandal. JP Morgan paid a total of $2.5 billion in fines and restitution. Boy, I’ll bet Mr. Madoff would have liked to get his check book out to settle criminal charges instead of spending the rest of his life in jail for ripping people off for 10’s of billions of dollars. Add the $2.5 billion to the $13 billion settlement late last year to satisfy a civil penalty for selling tainted mortgage bonds. That settlement did not release the bank from additional criminal charges. Also, add the $6.2 billion trading losses for the so-called London Whale trading scandal and the more than $1billion fine and it adds up to nearly $23 billion in losses and fines in just the last year. I have just two questions: Why don’t any bankers go to jail for obvious frauds, and how does Jamie Dimon still have a job?
Finally, just two side notes. The UK Royal Mint ran out of its 2014 Sovereign gold coins. Yes, one week into 2014, the UK mint is fresh out of gold because of what it calls “executional demand.” That kind of demand happens when you print tons of money. Back here in the U.S., it was announced 2013 brought record gun sales. More than 21 million background checks were done, and those checks are good for more than one gun. Looks like some folks are waking up to something being terribly wrong on both sides of the pond. Join Greg Hunter as he analyzes these stories and more in the Weekly News Wrap-Up.
My top story is not New Jersey Governor Chris Christie and the “lane closure gate” on the George Washington bridge between New York and New Jersey. In a word, it is “stupid.” The amount of time the networks spent on this story is outrageous. They should spend this much time on things like the NSA spying and the IRS being used as a political weapon. This is why the mainstream media is fast becoming irrelevant and untrusted. They are not covering real news. Hey, how about the mountain of red in in both New York and New Jersey. They are two of the most indebted states in the union, with hundreds of billions of dollars of debt!
The mainstream media will not give up on the phony recovery story. Here’s the latest economic lie: USA Today reports “Job Growth’s Looking Better.” Forget that 70% of those jobs are part-time and pay low wages. Don’t bother to report a big reason the unemployment rate is declining as the labor participation rate is bouncing around 30-year lows. Hey, here’s a headline for you: “Macy’s to Cut 2,500 jobs.” This is going to help its “profitability.” Yes, laying off people and closing stores is a sign of growth. It’s selling so much merchandise, Macy’s needs less stores and less people. How about the ice cream plant in Maryland with a few dozen job openings? 1,600 people scrambled to apply for those few jobs. Yeah, we are in a so-called recovery.
Janet Yellen is the New Federal Reserve Chief. In her first Time Magazine interview, Yellen said, “You know, a lot of people say, this [asset buying] is just helping rich people. But it’s not true. Our policy is aimed at holding down long-term interest rates, which supports the recovery by encouraging spending.” I guess Ms. Yellen and Time didn’t see that Op-Ed piece in the Wall Street Journal last November by former Fed Official Andrew Huszar. He was in charge of the bond buying program. He made a public apology and said, “The central bank continues to spin QE as a tool for helping Main Street. But I’ve come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.” Yeah, the Fed is helping the little guy—right.
Another week and it’s another fine for JP Morgan. This time, it was to settle criminal charges for the bank’s involvement in the $65 billion Bernie Madoff scandal. JP Morgan paid a total of $2.5 billion in fines and restitution. Boy, I’ll bet Mr. Madoff would have liked to get his check book out to settle criminal charges instead of spending the rest of his life in jail for ripping people off for 10’s of billions of dollars. Add the $2.5 billion to the $13 billion settlement late last year to satisfy a civil penalty for selling tainted mortgage bonds. That settlement did not release the bank from additional criminal charges. Also, add the $6.2 billion trading losses for the so-called London Whale trading scandal and the more than $1billion fine and it adds up to nearly $23 billion in losses and fines in just the last year. I have just two questions: Why don’t any bankers go to jail for obvious frauds, and how does Jamie Dimon still have a job?
Finally, just two side notes. The UK Royal Mint ran out of its 2014 Sovereign gold coins. Yes, one week into 2014, the UK mint is fresh out of gold because of what it calls “executional demand.” That kind of demand happens when you print tons of money. Back here in the U.S., it was announced 2013 brought record gun sales. More than 21 million background checks were done, and those checks are good for more than one gun. Looks like some folks are waking up to something being terribly wrong on both sides of the pond. Join Greg Hunter as he analyzes these stories and more in the Weekly News Wrap-Up.
Revealing the 13 th Astronomical sign now has appeared since our Earth has been tilting since 2012.