Greg Hunter: Weekly News Wrap-Up for Week Ending 5 July 2019

etcmike (76)in #undefined • 5 years ago

Greg Hunter provides a wrap-up of the news during the past week with his own unique commentary and perspective.

Topics:

(00:12) Business climate, Economy;
(01:22) Bank of International Settlements (BIS) warns "Slowdown is worsening and spreading" as central banks run out of ammo;
(04:18) Global manufacturing PMI crashes to 7-year lows as new orders slump;
(05:47) U.S. President wants much lower U.S. Dollar and says U.S.A. should join "great currency manipulation game" by devaluing the dollar;
(07:00) U.S. stock market hits a new record high, but "What's really going on?";
(08:35) U.S. crops;
(12:05) Devastating crop losses are literally happening all over the globe;
(12:57) Gold prices, next market crash;
(13:24) California earthquake;
(14:19) U.S. 2020 census;
(15:42) Farm report;
and more..

19 minute video by Greg Hunter published 4 July 2019

Source:

Greg Hunter's YouTube channel: USAWatchDog
USA Watchdog website USA Watchdog
USA Watchdog on SteemIt: @usawatchdog

I am not affiliated with the USAWatchDog, other than being a fan and avid follower of Greg's work.
The purpose of this post is to raise awareness of the USAWatchDog, give Greg's work a wider audience, and direct traffic to his YouTube channel.

If you like this video, then you may want to subscribe to the USAWatchDog YouTube channel for more videos and updates.

Thank You!

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#news #economy #politics #crops #usawatchdog

5 years ago in #undefined by etcmike (76)

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agrostis (57) 5 years ago

The crop losses are rather concerning, yet I see and hear little of it on the main stream media. Looks as though food prices will rise substantially some six months on from now.
The USA wants to join the 'great currency manipulation game' - or currency wars - , so much for free markets! All FIAT currencies are falling in value and only precious metals will win in the end.

Thank you for posting this Greg Hunter new wrap-up on Steemit.

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etcmike (76) 5 years ago

Last weekend I did a tour across farm country in the plain states. From what I saw from the road it is hit or miss with some fields. Most of the corn fields looked less than knee high with a few just ankle high. Last year at this time the majority of corn fields were waist high. About half the soybean fields last weekend were ankle high. Last year the soybean fields were about knew high.

On my tour last weekend, I got the same feeling Greg Hunter has, "it is not going to be a good harvest this year". As you said it will take several more months before the city folks in the main stream media start talking about the potential for a bad harvest season. By then food prices will already be higher than they are now. Anyone depending on the main stream media for important news will be as they say "a day late and a dollar short".

All currencies have been racing to the bottom for a while. The reason the U.S. dollar looks so well is that it is the world reserve currency and the touting of how well the U.S. economy is doing. In some parts of the country it is very easy to get a job, but in other areas homelessness is growing. Now that the U.S. will be joining the 'great currency manipulation game' the race to the bottom is full on. Countries (central banks) will be falling over each other to devalue their currencies. Of course this always hurts the middle class and savers. It is very possible that hyperinflation will be masked by the fiat race to the bottom.

It is a near certainty that this will not end well. But there is a possibility that 'the end' could be held at bay until 2021. It will be good to have silver, gold, bitcoin, real estate, a little cash, and be debt free when 'the end' comes.

Have a great weekend!
Steem on,
Mike

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3 votes

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agrostis (57) 5 years ago

Thank you for your long informative reply.

It's always good to see things for yourself and not to rely on the main stream media. From your observations, it substantiates Greg Hunter's account of the crop losses/crisis. It seems that the crops you mentioned are at least six or more weeks behind in the growing season!

As Jim Rickards wrote in a recent article:
Currency wars are a way to steal growth from trading partners by reducing the cost of exports. The problem is that this tactic does not work because trade partners retaliate by reducing the value of their own currencies. This competitive devaluation goes back and forth for years.

Everyone is worse off and no one wins.

It will be good to have silver, gold, bitcoin, real estate, a little cash, and be debt free when 'the end' comes.

Yes, having real assets and NOT paper is the solution.

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coininstant (66) 5 years ago

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abusereports (72) 5 years ago

WARNING: IF YOU REPLY TO THIS ACCOUNT YOU WILL BE FLAGGED, YOUR REP HARMED AND ALL OF YOUR REWARDS REMOVED. DO NOT ENGAGE WITH THE TRASH. YOU HAVE BEEN WARNED

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jexus77 (57) 5 years ago

Greetings @etcmike, thanks for this summary, quite complete and it must be said that it is scary to think about what is coming or what the experts are predicting.