Today one of the top economists in the world predicted that the Fed will shock the world by increasing QE. He also discussed what all of this means for major markets around the world, including gold and silver. Michael Pento, founder of Pento Portfolio Strategies, wrote the following exclusive piece for KWN. By Michael Pento of…
http://usawatchdog.com/weekly-news-wr… – The government shutdown is the fault of both parties–end of story. At its core, the fight is over the Affordable Care Act (or Obama Care). When the dust settles with the government shutdown and the debt ceiling, Obama Care will still be the Law and an unqualified disaster. The other big story is Benjamin Netanyahu addressing the U.N. He flat out says he thinks the Iranians coming to the negotiation table for its nuclear program is a “ruse.” Iran says its nuclear program is for the peaceful production of energy. Israel and the U.S. say that is not true. The Wall Street Journal is reporting, “The U.S. is overtaking Russia as the world’s largest producer of oil and natural gas.” Join Greg Hunter of USAWatchdog.com as he gives his take on these stories and more in the Weekly News Wrap-Up.
LEIKA KIHARA TOKYO — Reuters Published Friday, Oct. 04 2013, 5:53 AM EDT A prolonged U.S. budget standoff would hit global markets very hard, the Bank of Japan warned on Friday as it said it was ready to top up its existing massive stimulus if the recovery under way in the world’s third-largest economy was threatened. But for…
The Treasury says it won’t tap its gold stockpile, even to avoid a default By Brett Arends Grab any Wall Street trader in a bar, or any portfolio manager in his office, and he’s likely to tell you gold is finished. It’s silly, nothing more than a shiny metal, a substance with little use and…
Published on Oct 3, 2013
“They are not going to default, all governments like us they default by giving money with less value, they are good at that. But they are not going to not send the checks out, you think of what happened in’09 when the financial system worldwide was collapsing. The Fed was involved with trillions, some estimate up to 15 trillion in secret they bailed out banks, foreign government, foreign central banks. nobody knew. Are they going to allow our treasury bill interest not to be paid? They are capable doing whatever they want, all they have to do is write an executive order or whatever.”
By Ed LaRue 10/04/2013 6:02am Banks across the United States are gearing up for a possible panicked run to withdraw funds as the October 17th debt ceiling deadline draws near. This according to an FT article published just hours ago. From the article: US banks have been stocking cash machines with extra funds to…
As the modern world seems to move directly from one crisis to another, today one of the wealthiest people in the financial world stunned King World News when he said, “I am a terrified observer as I watch the end game drawing to a close.” Rick Rule, who is business partners with billionaire Eric Sprott, also…
Published on Oct 3, 2013
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Published on Oct 3, 2013
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By Tyler Durden Created 10/03/2013 The President warned yesterday that “this time is different,” and now the Treasury has weighed in with an even more ominous warning. In their statement, they note: *TREASURY OFFICIAL: CONGRESS ACTION ONLY WAY TO AVOID DEFAULT *TREASURY SEES ‘TENTATIVE’ SIGNS IMPASSE AFFECTING MARKETS *TREASURY SAYS BILL YIELDS MAY REFLECT `NASCENT CONCERNS’ *TREASURY:…
“it is a philosophy of government that is to blame; Keynesianism, Militarism, and Interventionism, and the funny-money system that we use. All that has come together and the country is bankrupt and nobody wants to admit it.”
Published on Oct 2, 2013
Questions on hedging physical or trading gold and silver please call or email me! See my information below: (click on show more below)
E-Mail: jim.comiskey@archerfinancials.com
Toll-Free: 1-888-935-7979
Outside Line: 1-312-242-7996
If you want to donate money for equipment, software, appreciation, or to buy us some beer, please do so via PayPal to email:
jimcomiskeymetals@yahoo.com
Thanks everyone for watching!
Published on Oct 2, 2013
**Visit my website click here: http://traderschoice.net
*U.S. National Debt Clock: http://www.usdebtclock.org/
Published on Oct 2, 2013
Washington’s struggle to govern itself has already cost the American economy hundreds of millions of dollars on the first day of the government shutdown. And things are likely to get even more expensive, with neither Republican nor Democrat lawmakers willing to back down from their stance on Barack Obama’s signature health care bill.
Max Keiser gives his comment on the government shutdown.
