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Money manager Michael Pento says that profound chaos surrounding the economy is coming. The insolvency is becoming clear, and soon, we will no longer be able to sweep the problem under the rug.

Sitting down with USA Watchdog’s Greg Hunter, Pento discussed the chaos people predicting in the markets and says that it’s already here. Pento is the author of the book titled The Coming Bond Market Collapse, as well as a financial expert and he says the media is lying when they say the economy is doing well.

“There are so many things that can go wrong with rising interest rates. First of all, you have to understand that the permabulls that you hear on CNBC will tell you there is nothing wrong with rising interest rates. It is a symbol of growth. If you look at industrial production and retail sales for January, they were negative. So, rising rates are occurring, not because of growth, they are caused by insolvency concerns. That is the key metric here, and they are credit risks and insolvency concerns.”

“For the first time in 40 years, you are going to have bond prices and equity prices in free-fall. That happened in the 1970’s, but it’s going to be worse because in the 1970’s, you didn’t have an insolvency concern. . . The chaos coming to markets is here. It’s not going away, and it’s not going to be brushed under the rug. It’s not going to stay on the sidelines for another few years. The years from 2007 to 2017 were the years central banks were buying everything. There was no volatility, and stocks just went up. Those days have ended, and the volatility is only going to become much more profound.”

Hunter then asks Pento to explain who is insolvent. The answer isn’t calming in the least.

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

Financial Markets Definitely Destabilizing – Charles Hugh Smith

February 18, 2018

Financial writer and book author Charles Hugh Smith has been watching the extreme movements in financial markets closely. Is he nervous? Smith says, “Oh yeah, it’s definitely destabilizing. In other words, it’s becoming not just more volatile, the whole underlying structure of our economy is destabilizing. What I mean by that is it’s becoming more brittle or fragile. That is fundamentally why we are seeing these wild swings. People are swinging between . . . keeping the money machine like it is for another nine years, and the other side of the coin says wait a minute, we have already had a weak expansion for nine years. It’s almost the longest expansion in U.S. history. A normal business cycle doesn’t run in one direction forever. . . .If you don’t allow your economy to have a business cycle recession, then you are simply making it more fragile by encouraging really marginal and risky investments, and that’s where we are now.”

One very big problem is a dramatic loss in buying power of the U.S. dollar, but it’s not just the dollar. According to Smith, “All these currencies, there is nothing backing the currencies except the government’s force. That’s the yen, the euro, the dollar and the Chinese yuan. They are all going to have a catastrophic drop against real assets because they are all based on too much leverage, too much debt, too much money being pumped into the financial system that ends up in unproductive speculation. You can’t grow your debt at six times the rate of your economy. In other words, if you are creating $6, $8 or $10 of debt to eke out $1 of low productivity growth, you are dooming your currency, and all currencies are doing the same thing. All the currencies are going to take a big drop at some point . . . relative to real stuff. Real stuff is commodities we need: water, grains, food, oil, natural gas and, of course, precious metals. Everybody knows they have been money for 5,000 years, and I personally feel there is a role for crypto currencies.”

Join Greg Hunter as he goes One-on-One with Charles Hugh Smith, author of the new book “Money and Work Unchained” and the founder of the popular site OfTwoMinds.com.

Fed Scared to Death of Causing Global Financial Crash – Nomi Prins

January 22, 2018

Fed Scared to Death of Causing Global Financial Crash – Nomi Prins

Two time, best-selling author Nomi Prins says central bankers have no idea how to stop the easy money policies that they started after the financial meltdown of 2008. Prins explains, “So, when the Fed says they are going to remove assets from their $4.5 trillion book by not reinvesting the interest payment . . . the reality is they haven’t really done that. They have reduced their book by about $10 billion off of $4.5 trillion since they mentioned they were going to start ‘tapering.” The media discusses this as a major tightening move. Somehow all of our economies have finally worked because of central bank activity. Growth is real. It’s all positive. The markets are evidence of that because of the levels they are at; and, therefore, these central banks, starting with the Fed, are going to reverse course of these last 10 years. The reality is if you look at the actual activity of the central banks, beyond the Fed raising rates by a little bit, there hasn’t been and there isn’t being a reversal of course because they are scared to death that too much of a reversal is going to cause a major crash throughout the financial system. Everything is connected. All the banks are connected. Money flows around the world in less than nanoseconds, and all of it has the propensity to collapse if that carpet the central banks have created is dragged from beneath the floor of all this activity.”Prins, who just finished traveling the globe to research her upcoming book, thinks there is one big thing that can take the entire system down. Prins, a former top Wall Street banker, contends, “There hasn’t been any real growth in the real economy. That is an indication of the misfire of this entire plan.

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

The FISA Memo is All the Ammunition Trump Needs to Take on the CIA

January 20, 2018

The FISA Memo is All the Ammunition Trump Needs to Take on the CIA

FISA is an abomination. Let’s get that out of the way. And since I don’t believe there are any coincidences in U.S. or geo-politics, the releasing of the explosive four-page FISA memo after Congress reauthorized FISA is suspicious.

Former NSA analyst (traitor? hero?) turned security state gadfly Edward Snowden came out in favor of President Trump vetoing the FISA reauthorization now that the full extent of what the statute is used for is known to members of the House Intelligence Committee, who are rightly aghast.

Officials confirm there’s a secret report showing abuses of spy law Congress voted to reauthorize this week. If this memo had been known prior to the vote, FISA reauth would have failed. These abuses must be made public, and @realDonaldTrump should send the bill back with a veto. https://t.co/BEwJ9EyIq0

— Edward Snowden (@Snowden) January 19, 2018

But, like I said, timing in these things is everything. And the timing on this leak is important.

Someone leaked this memo to the House Intelligence Committee with the sole intention of giving President Trump the opportunity to do exactly what Snowden is arguing for.

And well Trump should. This is the essence of draining the swamp. It is the essence of his war with the Shadow Government. If one makes the distinction between the Deep State and the Shadow Government, like former CIA officer Kevin Shipp does, then this falls right in line with Trump’s goals in cleaning up the rot and corruption in the U.S. government. In a recent interview with Greg Hunter at USAWatchdog.com,

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

2018 Economy Goes Cold – Inflation Hot – Danielle DiMartino Booth

January 3, 2018

2018 Economy Goes Cold – Inflation Hot – Danielle DiMartino Booth

Former Fed insider Danielle DiMartino Booth is not optimistic about a surging economy in 2018. Booth contends, “We have seen 24 consecutive back-to-back months when credit card spending has outpaced incomes. That tells you households are struggling to get by. This is not Eve Saint Laurent handbags and Jimmy Choo shoes. These are families who are using their credit cards to take care of the necessities, to fill up the gas tank, to buy groceries and fill up their refrigerator. . . . We have seen month after month of subprime automobile delinquencies, and we are starting to see a big tic up in FHA mortgage delinquencies as well. . . . We are at almost 10% (delinquencies) of FHA mortgage loans. Underlying this sugar high that we will see from all of these hurricanes and rebuilding efforts and wildfires, underneath that, still waters run deep and the economy is not doing well. We are a consumption driven economy that is weakening underneath. The sugar high will absolutely wear off in 2018.”

What about the bond market in 2018? Booth says, “We have gone from $150 trillion (in global debt) in 2007 to $220 trillion and counting today. If you delude yourself into thinking a rising rate environment can be good when we have tacked on $70 trillion of debt in the last decade, you are fooling yourself. It is an accident waiting to happen, and anyone who doesn’t think that it will take the stock market down with it is more optimistic than I am by a country mile.”

Booth says, along with a “bond market debacle,” the world will see inflation right along with it. Booth explains, “Look at lumber prices, look at the cost of packaging, plastics, raw materials, the producer price index . . . is at a six year high right now. It’s called the mother of all margin squeezes.

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

Gold Only Safe Asset Left – David Stockman

December 21, 2017

Gold Only Safe Asset Left – David Stockman

Record high stock and bond prices are flashing danger signs to former Reagan White House Budget Director David Stockman. Stockman contends, “I don’t think we are going to have a liquidity crisis. I think it’s going to be a value reset. I think there is going to be a jarring downward price adjustment both in the stock market and in the bond market. This phantom or phony wealth that has been created since the last crisis is going to basically evaporate.”

So, what asset is safe? Stockman says gold and goes onto explain, “I think the time to buy (gold and silver) is ideal. Gold is the ultimate and only real money. Gold is the only safe asset when push comes to shove. They tell you to buy the government bond, that’s a safe asset. It’s not a safe asset at its current price. I am not saying the federal government is going to default in the next two or three years. I am saying the yield on a 10-year bond of 2.4% is way below of where it’s going to end up. So, the only safe asset left is gold. This crazy Bitcoin mania has drained off what would otherwise be a demand for gold. . . . When Bitcoin collapses, spectacularly, which it will because it’s sheer mania in the markets right now. When it collapses, I think a lot of that demand will come back into gold, as well as people fleeing the standard stock and bond markets for the first time in 9 or 10 years.”

What about the so-called Trump tax cuts? Stockman predicts, “I think it’s going to be a fiscal calamity of Biblical proportions. I want to be clear. I am always for tax cuts and shrinking the size of government, but you have to earn it. You have to cut spending and entitlements and this massive defense budget.

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

Fed Fears New Record High Credit Bubble – Danielle DiMartino Booth

November 23, 2017

Fed Fears New Record High Credit Bubble – Danielle DiMartino Booth

Former Federal Reserve insider Danielle DiMartino Booth says the record high stock and bond prices make the Fed nervous because it’s fearful of popping this record high credit bubble. DiMartino Booth says, “The Fed’s biggest fear is they know darn well this much credit has built up in the background, and the ramifications of the un-wind for what has happened since the great financial crisis is even greater than what happened in 2008 and 2009. It’s global and pretty viral. So, the Fed has good reason to be fearful of what’s going to happen when the baby boomer generation and the pension funds in this country take a third body blow since 2000, and that’s why they are so very, very intimidated by the financial markets and so fearful of a correction.”

Why will the Fed not allow even a small correction in the markets? DiMartino Booth says, “Look back to last year when Deutsche Bank took the markets to DEFCON 1. Maybe you were paying attention and maybe you weren’t, but it certainly got the German government’s attention. They said the checkbook is open, and we will do whatever we need to do because we can’t quantify what will happen when a major bank gets into a distressed situation. I think what central banks worldwide fear is that there has been such a magnificent re-blowing of the credit bubble since 2007 and 2008 that they can’t tell you where the contagion is going to be. So, they have this great fear of a 2% or 3% or 10 % (correction) and do not know what the daisy chain is going to look like and where the contagion is going to land. It could be the Chinese bond market. It could be Italian insolvent banks or it might be Deutsche Bank, or whether it might be small or midsize U.S. commercial lenders.

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

Gerald Celente Warns Of 2018 Recession: “We’ve Never Seen One Like This Before”

November 4, 2017

Gerald Celente Warns Of 2018 Recession: “We’ve Never Seen One Like This Before”

Trend forecaster Gerald Celente, who warned investors of the collapse of 2008 just weeks before the markets buckled, has issued a new recession warning for 2018 in his latest interview with Greg Hunter of USA Watchdog. But this time, says Celente, it’s going to be a different kind of scenario:

All the investment is at the top… and the top is the one that’s going to fall… and when they fall, the bottom will feel it but more psychologically than in their pocket… be cause it’s the “Bigs” that are going to fall…

You look at the tops in the condominium market, in the housing market with houses over $1.5 million… that market is slowing down dramatically… you go into the rich retail sectors around the country… Chicago, New York, San Francisco… you see a lot of For Rent signs… because the big multinationals that used to be there that are no longer making the money at the top that they were, are closing down… the rents are so high that they can’t fill them up with the average retailer… so we’re seeing the pressure from the top falling already…

We’re calling this a “Stage 1 Recession.”

That’s our top trend for 2018… we’ve never seen one like this before… so it’s going to start melting down from the top.

How far down will it go?

We’re looking for a 10% correction in the markets… we’re not looking for a crash at this point… it depends how far it melts.

Looming Catastrophe Hanging Over Our Heads

October 18, 2017

Looming Catastrophe Hanging Over Our Heads

Former Assistant Treasury Secretary in the Reagan Administration, Dr. Paul Craig Roberts, says the record highs you see in the stock markets are based on “phony profits” that come from global central banks “propping up” the financial system. Roberts says, “Any of these central banks are really only there for a handful of big banks. That’s all they are concerned with. All the Federal Reserve has been concerned with for the last decade is the welfare of a handful of mega banks. Of course, the banks are too large. They should have never been allowed to get that large. When you have a bank too big to fail, then your policy has failed. You’ve allowed too much concentration. Where is anti-trust? Where is the Sherman Act? Everything that was legislated in the past to prevent the kind of looming catastrophe that is hanging over our heads, this looming catastrophe is produced by central banks. They are perpetuating it because they don’t know how to get out of it.”

The International Monetary Fund (IMF) has just warned on the profitability of nine huge global banks. Some say they equal nine possible Lehman Brothers, which was the financial institution that started the 2008 meltdown. Is the IMF terrified of the slightest correction in the markets? Dr. Roberts says, “I think so, yes, because it’s not based on reality. It’s based on massive liquidity. So, it’s full of all kinds of dangers.”

The biggest danger to Dr. Roberts, who has a PhD in economics, is the U.S. dollar. Dr. Roberts contends, “It seems to me that the only thing that would cause the Federal Reserve to stop the liquidity would be if the U.S. dollar fell under attack.

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

Gold Price Will Explode When System Breaks – Gordon Long

September 28, 2017

Gold Price Will Explode When System Breaks – Gordon Long

Private investor Gordon Long contends the price of gold will shock the world when it revalues to reflect the massive amount of currency that has been printed globally. Long explains, “That is correct, and it won’t be something that is gradual, it will be very abrupt. The system will break . . . and the financial markets will freeze up. When they come out of the other end of that freeze, and it may be a number of weeks because the next crisis will be global and much more complex than 2008. We could control that with the Federal Reserve . . . and this one you cannot do because you cannot get agreement with all those countries. Never mind understanding the complexity. So, when we come out on the other side . . . there will be a massive revaluation in the U.S. dollar. . . . Gold could jump to $5,000 or $10,000 an ounce or something like that. . . . It will be massive. They will have to put some stability in the monetary system, and the only way they can do it is having something they cannot print. This is what has gotten us into this problem. We have to get back to sound money. It will have to be gold. What percentage of backing will determine what the value the gold will be.”

On the value of the U.S. dollar, Long contends, “Personally, I think the revaluation of the U.S. dollar will be well over 70% devaluation. It doesn’t mean the world is coming to an end. It just means you have to go through this to reset. Those who prepare and understand why this is happening and watch for the signals, there’s going to be fortunes transferred. They are being transferred right now, frankly. One other big caveat on gold prices going way up, expect the government to tax it like you have never seen before.”

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

Stock & Bond Bubbles Much Worse Than 1929-David Stockman

September 17, 2016

Stock & Bond Bubbles Much Worse Than 1929-David Stockman

Economic expert and best-selling author David Stockman offers a dire view of the deep financial trouble America faces in his new book titled “Trumped!” Stockman warns, “I think we are on the very edge, but what is different this time and makes it scarier . . . is I believe the central banks that ruled the roost have gone from one extreme to the next and done unfathomable things like negative interest rates on $13 trillion of bonds around the world, monetization of the debt, and bond purchases that are staggering such as $90 billion a month in Europe. . . . So, this time, as the phrase goes, they went all in. They have violated every principle of sound money and sustainable finance that mankind has ever learned about over many centuries. They have taken us to the edge, but they are out of dry powder. I think it’s pretty obvious that they can’t go any deeper with subzero interest rates, or negative interest rates. . . . If they tried this in the United States, I think there would be a huge political uprising. . . . They are out of dry powder and out of tools, and therefore, the financial markets of the world are more vulnerable, maybe even more so than in 1929. You are talking about a bond bubble like never before imagined or conceived, and the stock market is the same way as well as derivatives.”

All this financial malfeasance and engineering was fantastic for the one percent, but everybody else got the shaft. For example, Stockman points out in “Trumped!” the last 30 years “The top 1%’s wealth has grown by 300%, and the top “Forbes 400” wealthiest people in the world had their wealth grow by a staggering 1,000%.” Meanwhile, the “bottom 90% of Americans have seen their wealth steadily deteriorate.”

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

Criminal Bankers Control US Government Push War-Paul Craig Roberts

March 28, 2016

Criminal Bankers Control US Government Push War-Paul Craig Roberts

Former Assistant Treasury Secretary in the Reagan Administration, Dr. Paul Craig Roberts, contends it is no accident why bankers do not get jail time for constantly committing fraud by stealing documents and committing fraudulent, criminal insider trading and market manipulations. Dr. Roberts explains, “Look at Edward Snowden and Julian Assange. They claim they stole documents, and we are determined to destroy them. One of them is hiding out in Russia, and one of them is hiding out in the Ecuadorian embassy in London. This again shows the immunity of the banks. They are not held accountable because they are in control. Who controls the Fed? Who controls the Treasury? Where do all the Treasury Secretaries come from? They come from the big New York banks. Look at the financial regulatory agencies that are supposed to be regulating the banks. They are filled with executives from the banks. The banks control the government. There isn’t a government, there’s the banks. . . . We have the entire economic policy in the United States concentrating on saving five banks. We had 10 million people who lost their homes, and nothing was done for them, but five banks are saved.”

On the 2016 election, Dr. Roberts says, “The United States is controlled by powerful private interests groups, and these groups don’t trust outsiders because they don’t have their hooks in them. How would they have their hooks in Trump? He’s a billionaire. He doesn’t need their money. They can’t tell Trump, hey, look we will give you a $153 million in speaking fees like we did Bill and Hillary Clinton. He doesn’t care. He doesn’t need $153 million. He’s got billions. So, they can’t control him, and it’s the same for Bernie Sanders, even though he is a Democratic Senator. He is not really part of the Washington Democratic establishment.

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

America to Collapse As Dollar Dies: “You Cannot Stop What Is Coming… 25 to 50 Million Dead in 90 Days”

October 8, 2015

America to Collapse As Dollar Dies: “You Cannot Stop What Is Coming… 25 to 50 Million Dead in 90 Days”

A collapse is coming… but not as quickly as many are expecting.

There are many people high up in the power structure who not only see an end to the dollar coming soon, but an economic collapse that could trigger the death of tens of millions of Americans – rendered vulnerable by the lack of services and the stopping of checks, and harmed by the resulting looting, starvation and violence that is likely to occur.

According to an anonymous source who claims to have high level insider sources, everything from the power grid to the grocery store, to the government assistance checks that huge portions of the country depend upon will simply not be there. The result is pure chaos, tragedy and destruction.

That source is “V, the Guerrilla Economist,” who spoke to USA Watchdog’s Greg Hunter after the dire prospect of collapse:

China and others are positioning their currencies to rise with the demise of the petrodollar, which is based around U.S. military hegemony around the world – an empire of illusion that cannot last, and is under threat by the trend of foreign affairs. A global basket of currencies is expected to replace the dollar, but in the meantime, the dollar may become worthless, and people who have no plans or preparations may starve.

“V” claims that an economic crash will not come this year. Instead, it will come in the next two years to 30 months, in the wake of the end of the reign of the dollar. America may become a tragic repeat of the Weimar Republic, as other superpowers (namely, the BRICS nations) fill the void of the once-mighty United States.

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

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