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Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says it looks like a “global recession is coming.” Is that going to cause the debt reset we’ve been hearing about for years? Fitts says, “Make no mistake about it, there is no reason for the federal government to default or monkey with any debt because they can literally print the currency. The question is how do they make sure whatever they are printing really holds any kind of store of value. I think the reason you are seeing them reengineer the federal bureaucracy and financial transactions infrastructure is because they want much greater and tighter control to do whatever they do, and that includes to continue to debase the currency. They could do this (reset) entirely by debasing the currency. . . . What we are watching . . . is essentially a coup. We had a financial coup, and now we are watching a legal coup to consolidate that financial coup. I would keep my eye on the fundamental governance structure of the U.S. The important thing is not what they do. The important thing is who controls no matter what they do. Now, we have created a mechanism for them to control entirely in secret and create policies entirely in secret, including around the back of a U.S. President. . . . It’s pirating by the ‘just do it’ method. I said to someone the other day, what is it about secret money for secret private armies that you don ‘t understand?”

$21 trillion in “missing money” at the DOD and HUD that was discovered by Dr. Mark Skidmore and Catherine Austin Fitts in 2017 has now become a national security issue. The federal government is not talking or answering questions, even though the DOD recently failed its first ever audit. Fitts says, “This is basically an open running bailout. Under this structure, you can transfer assets out of the federal government into private ownership, and nobody will know and nobody can stop it.

…click on the above link to read the rest of the article…

Debt Reset Begins, Global Banks Issue Dire Warnings, Trump Wall Showdown

January 11, 2019

Debt Reset Begins, Global Banks Issue Dire Warnings, Trump Wall Showdown

According to renowned gold investor Jim Sinclair, the global debt reset that has been long predicted has begun. Lots of debt that will never be repaid will be written down around the world. Sinclair says gold and silver will be the last men standing when the dust settles.

The BIS, World Bank and the IMF have all issued dire warnings in the past few weeks of financial “storm clouds.” In other words, the biggest bankers in the world are warning of another financial meltdown coming in the not-so-distant future.

Nance Pelosi and Chuck Schumer are being beaten up so badly over the government shutdown and security funding for a wall on the southern border that even singer Cher is telling the Speaker of the House and the minority leader in the Senate to “Be the Hero” and cave in and put 800,000 government workers back to work. The U.S. has a $4 trillion budget (that’s $4,000 billion) and Nancy and Chuck are holding up the government for little more than $5 billion in funding for security that includes a wall. Even Democrat James Carville is making fun of Chuck and Nancy’s response to Trump’s network appeal for a border wall and security on the southern border.

Join Greg Hunter as he gives his take on the top stories of the past week in the Weekly News Wrap-Up.

After the Wrap-Up:

Catherine Austin Fitts founder of Solari.com will be the guest for the Early Sunday Release. She will give us an update on the serious matter of $21 trillion in “missing money” at DOD and HUD and why it will soon affect every American.

Trend is Clear – Rapid Decline of World Economy – Egon von Greyerz

December 12, 2018

Trend is Clear – Rapid Decline of World Economy – Egon von Greyerz

Financial and precious metals expert Egon von Greyerz (EvG) says don’t expect the global financial situation to get better anytime soon. EvG says, “You know what the politicians are doing now? Theresa May is my best example. These politicians are just running around posing and acting, but they are not achieving anything, and they are not achieving anything because the world is in a mess. What we are seeing the beginning of is the decline of the western world economy, which means the whole world economy. . . . There is no use in putting a time period on it, that it’s going to happen this year or next year. The trend is clear. We know that the world economy is in a mess. It’s going to decline, and in my view, it’s going to be a rapid decline.. . . Gold will reflect all of this, and currencies will be totally debased. . . . You don’t need a lot, you might only need another few snowflakes to trigger this avalanche. It could come in a month or in three months time because the system is a fake system. . . . I count $2 quadrillion in money. If you add debt, unfunded liabilities and the risk of derivatives, you come up to $2 quadrillion of debt and liabilities. The global GDP is $70 trillion. . . . So, you are talking about 30 times global GDP.”

What could go wrong? EvG says, “You don’t need much to go wrong. It will happen. They have no remedy anymore. 2007 to 2009, I have said many times that was a rehearsal. The real thing is coming now or in the next few years, and no money printing will ever stop it. They will try, but they will fail. This is why you will get the depressionary hyperinflation, and when that fails you get the implosion of the system.

…click on the above link to read the rest of the article…

We are Living with Maximum Uncertainty – Catherine Austin Fitts

November 25, 2018

We are Living with Maximum Uncertainty – Catherine Austin Fitts

Financial expert Catherine Austin Fitts has said for years that the economy was not going to crash, but be on a “slow burn.” How long can they make this heavily indebted game last? Fitts says, “Our problem as investors is we don’t know. If you look at all the information we need to make an intelligent assessment, we don’t have access to that information. I have said many times this is a military question. Who has the biggest weapons and who has the ability to deliver force and control? So, we are living with maximum uncertainty. . . . Clearly, we are headed into a new currency world that’s part of a new control system, but the answer is we don’t know when. My fear with many, many commentators is they are underestimating the power and endurance of the system. I am always getting yelled at because people think I am pro-empire. I am not saying I am pro-empire or I am for the things they are doing to keep it going.”

Fits adds that things are so uncertain that “the old system could go five years or five months.”

On introducing a new dollar, Fitts says, “Even if they do introduce a dollar backed by gold, it’s going to start off with a small market share. They are very unlikely to do a big bang thing. These guys are prototypers.”

There is no doubt wealthy people around the world are buying gold. Why? Fitts says, “The reality is . . . in the worst case scenario, gold is a store of value because it is respected globally as a currency or money without the backing of a sovereign government. What is the global currency that has backing without a sovereign government, and gold and silver are one of the few.

…click on the above link to read the rest of the article…

Elite Terrified of 1930’s Depression or Weimar Hyperinflation – John Rubino

November 14, 2018

Elite Terrified of 1930’s Depression or Weimar Hyperinflation – John Rubino

Financial writer John Rubino says everywhere you look, debt is exponentially mounting. Nothing demonstrates the “imminent bankruptcy” problem better than the financial obligations of New York City. Rubino says, “They just announced that they have unfunded liabilities for retiree healthcare, just retiree healthcare and not the rest of their pensions, of $100 billion. That’s for a city, not a state or a country, and if you add their unfunded liabilities for their pensions, which is another $50 billion or so, and their official debt, which is $50 billion or so, you get $200 billion that New York City is on the hook for that they have not put money away for. If a private sector company had finances like that, they would be insolvent, and their accountants would force them to say that.”You can tell the same story for cities, states and countries around the world swimming in unrepayable debt. So, what will be done when bond defaults and financial failures begin? Will Trump let it go like the failed debt of Puerto Rico or have massive bailouts? Rubino says, “It’s possible that Trump will teach that lesson to the system, but I think the numbers are so big now the risk of a 1930’s style depression, or a Weimar Germany hyperinflation, is so great these guys are going to be terrified of anything that seems to be destabilizing. The pressure on whoever is in charge of the central bank or federal government is going to be to try to nip crises in the bud before they can really get going when you don’t know what is going to happen. For instance, New York City goes bankrupt, and that pulls down Chicago, and then that pulls down California. What does that mean? Nobody knows, and nobody wants to find out.”

…click on the above link to read the rest of the article…

Trump Blaming Fed for Next Market Crash – Dave Janda

October 21, 2018

Trump Blaming Fed for Next Market Crash – Dave Janda

Radio host Dr. Dave Janda says everybody in Washington knows the next big crash is right around the corner. It’s been 10 years since the Fed reflated the last meltdown, and Dr. Janda says President Trump is already blaming the Federal Reserve for killing the economy that his policies revived. Dr. Janda explains, “President Trump has been pointing the finger at the Fed. He’s been pointing the finger at the Fed, and that is exactly where he should be pointing. The globalist syndicate’s tentacle is the central banking system, and, in particular, in the United States, the Federal Reserve. The Federal Reserve is one of the entities that is directly responsible for this financial mess our country is currently in. You would never see Obama or the Bushes, or Bill Clinton, point at the Fed and say what Trump has said. Trump said, ‘I think the Fed has gone crazy. I think the Fed is making a mistake. They’re so tight with interest rates. I think the Fed has gone crazy.’ Just the other day, Trump said, ‘My biggest threat is the Fed. . . . The Fed is raising rates too fast, and it’s too independent.’ Now, wait a minute, listen to that. It’s too independent. When was the last time a president of the United States said the Fed was too independent? . . . . Banking groups, that is their priority. So, when the President says the Fed is raising rates too fast, and it’s my biggest enemy, and too independent, what he is saying is they are looking out for their own interests. They are not looking out for the interests of our country or for you or for me or for any American, and he’s right. I don’t know of any other president that has had the guts to say this.”

…click on the above link to read the rest of the article…

People Will Be Dumping Dollars & Buying Gold – Peter Schiff

October 4, 2018

People Will Be Dumping Dollars & Buying Gold – Peter Schiff

Money manager Peter Schiff was in a small group warning of a coming financial meltdown that happened in 2008. Schiff says, “I was kind of a fixture on financial cable TV giving these warnings. My thought was the bubble would burst, and I knew that it would. Once the housing bubble burst and we had this financial crisis, I knew it would follow along with the Great Recession. I thought the Federal Reserve would try the best it could to reflate the bubbles in the stock markets and housing markets. But my thought was that their efforts would fail. The markets would not allow it and that a dollar collapse would intervene and would prevent new debt from being issued to fully reflate those bubbles. I was actually wrong. They didn’t just try to reflate the bubbles, they actually succeeded in blowing them bigger than ever.”

Ten years later, Schiff is warning of another financial calamity bigger than the last one. Schiff says, “The problem is now we are on the precipice of a much bigger crisis than before. The next time, if they try to reflate those bubbles, which they will, it will be a spectacular failure because the markets are now prepared for the opposite. Everybody, right now, assumes the Fed is going to be able to keep raising rates. They assume they are going to shrink its balance sheet and that we have this booming economy that will never bust. When the Fed has to reverse course abruptly, acknowledge the underlying weakness that everybody has been oblivious to and they start cutting rates and launching another round of quantitative easing (money printing), I think the dollar is going to fall through the floor. I think the inflationary fires that are already burning pretty hot are going to ignite.

…click on the above link to read the rest of the article…

Dollar Dominant & Dangerous – System Not Stable – Catherine Austin Fitts

September 17, 2018

Dollar Dominant & Dangerous – System Not Stable – Catherine Austin Fitts

Investment advisor and former Assistant Secretary of Housing, Catherine Austin Fitts, predicts the global financial system “will take some big hits before the end of the year.” Fitts explains, “Right now, economists say the dollar is ‘dangerous and dominant.’ It’s still, if you look at the market shares around the world, it’s still very, very significant portion of total reserves. So, it’s still very important. At the same time, the U.S. dollar hegemony is probably not going to last forever . . . So, I think the long term dollar looks very weak. Short term, it doesn’t look like it’s coming apart anytime soon, as far as I can see. What that means is when you have something that is dangerous and dominant, you have the possibility of extreme volatility events. That’s the new code word for the ‘you know what’ hits the, you know what. Whether it’s different countries exploding economically, or we whether are pressuring people that makes them very uncomfortable, these kinds of fights over shrinking pies are very dangerous because they mean covert wars. They mean overt wars, and the more we steal pies from each other instead of make new pies, the worse the situation gets. That’s what you are seeing. The system is not stable.”

Fitts goes on to say, “The real push are for real assets: real assets reflected in a stock, or real assets reflected by real estate or precious metals.”

There is good reason people are going to real assets. The U.S. government is “missing” $21 trillion between the DOD and HUD. This fact was uncovered by Fitts and economist Dr. Mark Skidmore last year.

…click on the above link to read the rest of the article…

Inflation Has Run Amok – Danielle DiMartino Booth

August 30, 2018

Former Fed insider Danielle DiMartino Booth is sure the Fed is going to raise interest rates again at the September meeting. Why? DiMartino Booth explains, “I think he’s (Jerome Powell) the most independent Fed Chair in the past 30 years, and I think he’s going to raise rates regardless of what is happening in politics. . . . You don’t kowtow to political pressure when you need to do right by the economy. . . . Powell thinks the inflation numbers are under-reported. He’s listening to companies saying their profit margins are being squeezed . . . non-labor costs are outpacing labor costs by the greatest extent in three years, and what that tells you is inflation has run amok. . . . I think the Fed is going to continue to raise rates. . . . I think the markets have priced in the (September) rate hike by 90%. We may be looking forward to Jay Powell backing off come December. So, I am not really worried right now about a skyrocketing dollar.”

DiMartino Booth points out the biggest problem the world faces now is record global debt near $250 trillion “that few can conceive a workable solution.” Di Martino Booth says, “It really does keep me up at night because of the nature of debt. As we approach the 10 year anniversary of Lehman Brothers, the one takeaway that many have forgotten in the decade that has passed is that you don’t know where the true ticking time bomb is when there is an over-indebted problem. . . . When systemic risk is released, it cannot be contained by any higher authority and potentially be unleashed. The greatest peril of debt is we don’t know where the danger truly lies until something triggers it.”

…click on the above link to read the rest of the article…

Elite Closing Down Truth Tellers

August 8, 2018

Elite Closing Down Truth Tellers

Economic expert and journalist Dr. Paul Craig Roberts says the ideas of the elite are awful, and they want to suppress free speech to get their policies instituted. Dr. Roberts explains, “The agendas of the elite are hidden. They are not something the American people would support. The elite are fearful that their cover stories are so thin that if truth can be shown on their agendas, they will be discredited. They will lose their abilities to impose their agendas. So, they are closing down truth tellers in order to maintain control over explanations. Alex Jones is a threat to the elites’ control over the explanations. . . . They are sending the message that says get onboard with the official explanations or we terminate you.”

Dr. Roberts goes on to ask, “Why is this possible? It is possible because the antitrust laws of the United States have not been enforced. These are all monopolies. Monopoly is against the law. It’s against the Sherman Antitrust Act, but they don’t enforce it because they’re so powerful. They just prevent the law being enforced. Plus, they have the neo-liberal economists saying that today you have to be a monopoly to compete globally. . . . It’s a lie, but it’s a cover for having just a few people controlling information.”

Dr. Roberts says big tech companies are too big to function fairly. Dr. Roberts explains, “They should be broken up, or they should be nationalized or actually they should be arrested. . . . They are part of a plot. They are engaged in high treason against the government of the United States. If I was the Attorney General, I would have all of them arrested and put in solitary confinement awaiting trial. That’s where they belong. That’s where Google belongs along with Facebook, YouTube, Twitter, Spotify, The New York Times, Washington Post, CNN, MSNBC and NPR.

…click on the above link to read the rest of the article…

Depression then Hyperinflation Coming – Charles Nenner

July 21, 2018

Depression then Hyperinflation Coming – Charles Nenner

Renowned geopolitical and financial cycle expert Charles Nenner says don’t believe the Federal Reserve when it says it expects “the strong performance of the economy will continue.” According to Nenner, it’s about to go the other way—down. Nenner explains, “Definitely, later this year, the interest rates are going lower, and it could be much lower. We did work on all kinds of economic indicators. Employment is not going to be as good anymore as they say. Inflation is not going to be as strong as they expect. The commodity index is breaking down. Copper cycles are down. Crude oil cycles are down. Soon, everybody is going to wake up again and say hey, what’s going on? It is very interesting how Wall Street is approaching all the indicators. . . . If you do your homework, everything actually looks like the economy is weakening.”

How bad is this financial cycle going to get? Nenner is not afraid to use the “D” word. Nenner contends, “Still, the Fed talks like this could continue forever, and it’s the longest expansion. So, why do you think this time is going to be different? If you start with this low of GDP and interest rates and then you get to recession or depression, then you definitely get into at least disinflation.”

So, does Nenner see an actual depression coming soon? Nenner says, “Yeah, I have been saying that for many years. . . . Yes, if you look at the . . . long term cycles. Yes, we are going to a hyperinflation, but first, we are going to have a deflation scare. . . . We have one more scare of deflation before we get into real big inflation problems. It is a matter of timing. So, it could be a couple of years away.”

…click on the above link to read the rest of the article…

Banking System Has Huge Problem – Peter Schiff

June 4, 2018

Banking System Has Huge Problem – Peter Schiff

Money manager Peter Schiff says even though Deutsche Bank is the most systemically dangerous bank in the world (according to the IMF), that is just the tip of severe global financial problems. Schiff explains, “I think it’s a problem, and it’s not just Deutsche Bank. Deutsche Bank could be the weak link of a chain. If you remember back to when we had the financial crisis (2008). First, you had the sub-prime mortgages blowing up, and everybody was like don’t worry about it. It’s contained. I said it’s not contained, it’s just showing up first in the sub-prime market because these are the weakest mortgages. The entire mortgage market has a problem. I think the banking system has a huge problem because it’s lived off of the life support of artificially low interest rates. As that is removed, it’s like pulling the plug off of someone who has lived off life support. The irony is you have so many analysts that think higher rates are good for the banks. . . . Low interest rates saved the banks. You can’t have it both ways. It can’t be low interest rates helped the banks, and high interest rates will help the banks. It’s one or the other. I think higher interest rates are going to crush the banks. I think it’s going to destroy the value of their loans and their collateral. It’s going to lead to defaults . . . All those banks that we’re too big to fail in 2008 are much bigger now, and it’s going to be a lot more difficult to bail them out.”

Schiff issues a stark warning, “This is not going to end well, and I don’t think the Fed is going to be able to save us again. If you get it wrong this time, you’re done. You are down for the count. You just can’t hold and hope.

…click on the above link to read the rest of the article…

Market Plummets if Global Central Banks Pull Plug – Nomi Prins

May 7, 2018

Market Plummets if Global Central Banks Pull Plug – Nomi Prins

Two time best-selling book author Nomi Prins says the rescue policies of the 2008 financial crisis are still with us today. Prins is out with a brand new book called “Collusion: How Central Bankers Rigged the World.” The enormity of our current global debt problem is caused by central bankers. Prins explains, “It is huge. The debt is between two and a half to three times global GDP, which is an historical high. Debt to GDP throughout the developed world is higher than it has ever been, and it continues to grow. Why? Because money continues to be conjured up and rendered cheap for the participants at the top of the financial system. The banks, the major corporations, the people who make money out of that, and it hasn’t washed down to the rest of the economy. This is why most people feel this anxiety about another potential financial crisis, but also about what happens every day in their own pocketbooks. So, it is worse. These central banks today, 10 years after the financial crisis occurred, that was supposed to be an emergency situation. They have $21 trillion worth of conjured money in return for debt assets, stocks and corporate bonds around the world. If they pulled that plug, if they were to take down any of the $21 trillion, even a little bit . . . it would begin to create a major rupture in the financial system. This is why I say the central banks are the market. Without them, the markets would be nowhere near these highs. If they pulled their help and subsidies, the market would plummet really quickly.”

Prins admits this has gone on for longer than most believed possible, but says it can’t go on forever. How does it all end?

…click on the above link to read the rest of the article…

It’s Pure Math – We’re Headed for a Train Wreck – Bill Holter

April 12, 2018

It’s Pure Math – We’re Headed for a Train Wreck – Bill Holter

Financial writer and gold expert Bill Holter says China has a lot of weapons to fight a trade war with the U.S. China could stop buying Treasury bonds (as it reportedly already has done). It could sell Treasury bonds. It could slash the value of the Yuan, or something much simpler could happen such as a failed delivery of physical precious metals. Holter says, “If what has happened so far in the first three months of the year were to continue for the full year, you would be over three billion ounces (of silver). That is not deliverable.”What happen when the world figures out that three billion ounces of physical silver cannot and will not be delivered to the buyers? Holter explains, “That’s called an old fashion run on the banks. It will be a run on the entire system. You would have a run on every metals exchange, and you would probably have runs on many physical commodities. Confidence throughout the whole system would break. You would basically show the western fractional reserve system is a fraud and has been for many, many years. . . . Can London deliver a billion ounces, or two billion ounces or three billion ounces of silver? The answer to that is no.”

So, when does this all blow up? Holter says, “I think this whole thing has a very good chance of blowing this year.”

There are a variety of financial trip wires, according to Bill Holter, such as thousands of sealed criminal indictments that will be unsealed in 2018. Holter also points out the explosion of global debt. Holter charges, “It’s now $237 trillion. The amount of debt grew by $21 trillion globally over the last 12 months. That’s roughly 10 %. How much did global GDP grow? 2% or 3%, I mean that is totally unsustainable.”

…click on the above link to read the rest of the article…

The End of the Bull Stock Market – Buy Gold – Charles Nenner

March 2, 2018

The End of the Bull Stock Market – Buy Gold – Charles Nenner

Renowned geopolitical and financial cycle expert Charles Nenner says forget what the mainstream media talking heads are telling you about this market. Nenner says, “When unemployment is low, it’s the end of the bull market. Last Sunday, I published a chart that shows every time the unemployment is around 4.1% or 4.2%, and you can see this in 1973, 1987, 1990 and 2007, and you can go on and on, and now, also, you have a market crash. I find it amazing that people can come on television and say things that are totally wrong factually, and you can prove it is wrong.”So, Charles Nenner is calling a top right now, but the market is not going to go straight down. Market tops are a process. Nenner explains, “The cycles saw a market top. It doesn’t always have to come down immediately, it just means the market will not go higher. I don’t think we will go back to the highs one more time because the quarterly cycle, and it is a long cycle, did top at the end of last year. I also want to put in a caveat about all this talk that we are in a 10% correction. Somebody came up with 10%, and it is not based on anything. . . . The fact is we are totally out of stocks. What is coming is big, but market tops take time. I don’t think it’s going to go down immediately.”

When will this new bear market hit bottom? Nenner says, “We should hit a major low in 2020. . . . I have been on record saying that the next bear market goes down to 5,000. If you are in stocks, I say you could lose everything if the DOW goes to 5,000. This is the price target I have had for a couple of years.”

…click on the above link to read the rest of the article…

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