Greg Hunter of USAWatchdog.com looks back at the week’s top stories in the Weekly News Wrap-Up.
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. If for some reason people said, hey, we don’t want the dollar anymore, and they started moving out of dollars into other currencies or into something else, if they cease to hold assets in dollars, if that happened, the Fed would have to try to raise interest rates to support the dollar. Then you could see that everything could come apart. If the interest rates would go up, there would be all kinds of derivatives that would not be sustainable. The stock market would collapse. It would be a mess. It would be an utter mess. That’s what the IMF is worried about. It’s a messy situation. How do you get out of it?”
How does Dr. Roberts say people should protect themselves? Dr. Roberts says, “I would not be in debt.”
Join Greg Hunter as he goes One-on-One with financial expert and award winning journalist Dr. Paul Craig Roberts.
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Author Patricia Muth, who is also a former floor trader for the Chicago Mercantile Exchange, thinks that the establishment is afraid of President Trump being successful. Muth contends, “That’s absolutely right. People are strongly supporting Trump, and the more the establishment bucks him, the stronger the people become. The faith in God is what is moving all of this. . . . If the tax plan doesn’t go through, and major corporations . . . are counting on that happening, if it doesn’t go through, I think we have a different ball game as far as the markets go.”
So, if we get the Trump tax cuts, Muth says the economy could “take off.” If we don’t get those tax cuts? Muth says, “We should buckle in, and Congress should really buckle in because they are going to be in for a tough ride.”
Join Greg Hunter as he goes One-on-One with Patricia Muth, author of the new book called “A Title in the Making.”
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Economist Michael Pento says even though the stock market has made huge gains in 2017, don’t expect this to continue. Pento contends, “Year-over-year growth for the third quarter (Q3) is just 2.9%. . . . So, you have no more earnings growth. It’s very miniscule. GDP (Gross Domestic Product) according to the New York Fed for Q3, it’s 1.8%. If you look at the Atlanta Fed, it’s just a little bit above 2%. So, you are still stuck in that 2% range. There’s no real growth in GDP and no real growth in earnings. The only thing you have left (holding up the markets) is central banks, and that game is ending. You have central banks selling when there is a high risk of nuclear war, WWIII, stocks are trading at all-time record highs and 138% total market cap to GDP when the average is 50%. This is crazy. There is no way you can justify the level of stock prices without massive and unrelenting money printing, which is coming to an end.”
On gold, Pento says, “You’ve got to have 10% physical gold in your liquid net worth. It has to be physical gold that you possess directly. I cannot stress that enough. . . . I like all precious metals. They are going to be in a massive and unprecedented bull market sometime in 2018.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with economist Michael Pento of Pento Portfolio Strategies.
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Pastor Rick Wiles, who is also a Christian media sensation that has a huge following on Trunews.com, says, ““As far as the two parties, I’ve said for years what we have is one party. It’s the perpetual war, corruption, sleaze and pedophilia party. That’s what’s running this country. It is a criminal cabal . . . these people that run this country are perverts. They’re criminals, and they are in both parties. They’re in the news media. They are in Hollywood. They are in the banking system. They are spread throughout this country. It’s an invisible network of Satanists that are in control of this country. You see the clash. They hate God. They hate Christians. They hate morality.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Rick Wiles, founder of TruNews.com.
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