A U.S. debt default that lasts for more than a couple of days could potentially cause a financial crash unlike anything that the world has ever seen before. If the U.S. government purposely wanted to damage the global financial system, the best way that they could do that would be to default on U.S. debt…
Published on Oct 7, 2013
Published on Oct 6, 2013
Dr. Jim Willie, Publisher of the Hat Trick Letter, thinks, “Reversal in the Treasury bond market could be a death blow for these zombie New York banks . . . These big banks are in danger of imploding.” Dr. Willie predicts, “I don’t think the Fed is going to taper its bond buying. I believe they are going to double it.” Dr. Willie goes on to say, “The Fed will say let’s continue QE, and instead of suffocation from rising rates, we’ll have drowning from rising costs. . . . They are going for drowning because it’s slower.” Join Greg Hunter of USAWatchdog.com as he goes One-o
The financial hurricane hit the world in 2008 destroying huge swaths of assets, real estate valuations, numerous banks and financial institutions. As the storm cleared, the Fed and central banks stepped in by flooding the world with money to supposedly assist in dealing with the damage while providing special programs to rid the banks 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.
On the second day of the shutdown, the markets are relatively stable — but what about gold? Heard on the Street editor Liam Denning joins MoneyBeat to discuss.
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…
By Michael Snyder, on October 2nd, 2013 All of this whining and crying about a “government shutdown” is a total joke. You see, there really is very little reason why this “government shutdown” cannot continue indefinitely because almost everything is still running. 63 percent of all federal workers are still working, and 85 percent of…
Published on Oct 2, 2013
The Peter Schiff Show (10/2/2013)
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“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
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Published on Oct 2, 2013
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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.
