Greg Hunter of USAWatchdog.com looks back at the week’s top stories in the Weekly News Wrap-up.
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With the recent Fed rate hike and the official end of “accommodative” policy at the Fed, gold and silver sold off. However, this short term sell off will not indicate a long term trend, top industry expert David Morgan says. Raising interest rates will not make a fundamental difference unless rates go above actual inflation, which Morgan argues is multiples of the government reported inflation rate.
There is no silver shortage right now, says top silver expert David Morgan. But he says data from the Commitment of Traders report makes the precious metal markets look bullish, but time will tell.
The new NAFTA deal will not help the economy, Morgan says. What we need is true free markets, Morgan says. But he reveals no markets are free because interest rates are controlled by central banks.
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Fund Manager Dave Kranzler says inflation and unemployment is grossly underreported. Officially, the Fed’s target interest rate as of today is not accommodative. But in Kranzler’s view, if the Fed were really going to normalize interest rates, the Fed would raise the target rate to at least six percent.
The Dow recently made an all-time high. But the fundamentals for the stock market are deteriorating, Kranzler says. How will this impact Main Street? Find out in this interview!
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Precious metals expert David Morgan thinks there is one very big reason to own physical gold and silver, and that is the possibility the Deep State and the Globalists will crash the financial markets. This is not a farfetched concept as President Trump has declared a “national emergency” to “protect the financial system” in a December 2017 Executive Order. Morgan thinks, “If you look at the potential reaction by the Deep State, these people do not lose gracefully. . . . These people will stop at absolutely nothing. So, you have to factor that into your thinking, which means they could certainly take down the financial system because they are losing the game. In other words, turn over the card table, that’s what the metal is for. . . . You’ve got to outthink these people. You’ve got to be two or three moves ahead. So, if they are going to turn over the table, you have to be prepared before they turn over the table and what to do after they turn over the table. So, we are in a ‘state of emergency’. . . . Listen, we need a reset. We need a new monetary system, and we need money working different than it’s working now. If we have a reset and the bankers stay on top again, regardless of how they do it, we’ve really gained nothing.”
Join Greg Hunter as he goes One-on-One with David Morgan of TheMorganReport.com.
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Market trader Gregory Mannarino says that central banks controlling interest rates has cause all markets to be artificial.
Mannarino predicts the Fed will raise rates a quarter percent. This rate hike has already been priced into the market, he says.
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Author of the popular book “The Trump Prophecies,” Mark Taylor says indictments of criminals and traitors in the U.S. government is going to cause some upheaval and violence when the release of FBI and DOJ documents show they tried to frame President Trump for a crime he did not do. Taylor explains, “That is the start of it. That is the shot that starts the race right there, and people better be prepared. The civil unrest is going to take place initially. I don’t believe it will be from the people, but from the paid agitators from the DNC and George Soros. Eventually, it may lead into something larger once they start the mass arrests, but there are protection mechanisms in place. . . . The Deep State is kicking and screaming.”
In closing, Taylor says, “As a Christian, we don’t need to be walking in fear, we need to be walking in faith. Those that have gone before us are praying for what is happening now, and they don’t get to see it. We are the ones that get to see this and that this actually will come to pass. God is going to remove the corruption, and he is going to set the spiritually oppressed people of the earth free. We get to witness this. We get to be a part of this. So, when the arrests start to go down, Trump may declare martial law. . . . He may declare martial law and that is going to scare a lot of people. . . . Don’t allow this stuff to give you a fear based mindset. We need to be walking in faith. God has spoken. . . . There’s going to probably be a rough few months . . . so stock up on some food like you would do for a hurricane or a natural disaster. . . . Just be prepared. When we come out of this, the corruption will be removed.”
Join Greg Hunter as he talks to Mark Taylor, author of “The Trump Prophecies” that has been made into a feature length film coming out in early October.
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Greg Hunter of USAWatchdog.com gives his take on the week’s top stories with special guest Dr. Dave Janda from the popular radio show “Operation Freedom” in the Weekly News Wrap-Up.
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A decade after the 2008 catastrophe, problems remain and another crisis is inevitable, says Craig Hemke of TFMetalsReport.
Democrats are likely to win the House of Representatives, which would impact business and consumer confidence leading to Dollar weakness, and rising precious metal prices.
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