Fed and Congress Signal Trouble, Putin Defends Russia, ISIS War – USA Watchdog 171

TND Podcast Spotlight:  Greg Hunter’s USAWatchdog.com  |

My top story is the economy, and I think the Fed and Congress just signaled that something is seriously wrong, and it’s going to get worse.  First off, the Federal Reserve just came out and said that it was going to be “patient” when normalizing the monetary policy.  I know Wall Street is jubilant and the stock market spiked on the news, but I think this is really ominous, and it is nothing to be celebrated.  To me, that means don’t expect the Fed to raise interest rates anytime soon because the economy is much worse than what they are telling you.  Why else would Fed Head Janet Yellen come out and say the Fed was going to keep the easy money policies for a“considerable time.”  If we did have a so called “recovery,” wouldn’t you be raising rates and pulling back on the juice?  I think the Fed knows the economy will continue to sink, and if it lets off the money printing gasoline, the whole thing tanks.  Economist John Williams says, “The great dollar calamity nears.”  We are constantly told that the economy is in a so-called “recovery,” and yet, a large percentage of young people in their 20’s and 30’s are forced to live at home.  Also, you don’t have a strong economy with nearly 93 million no longer counted in the work force.  I think the Fed is scared and also knows the Christmas spending numbers are going to be the first big sign that the U.S. economy has a big problem.

The second big warning sign came from Congress, last week, in the form of gutting the Dodd-Frank law that restricted derivative trading and the use of depositor money for Wall Street gamblers.  Now, bankers can use depositor money and if or when it blows up, depositors and taxpayers will be on the hook for billions or even trillions of bad bets by the big banks.  Former Assistant Treasury Secretary Paul Craig Roberts was on this week, and he thinks the trouble may come from the oil derivatives. You know you got a problem when the main stream media highlights bonds taking a hit because of a plunge in oil prices.  You know there is massive leverage in the oil shale sector, and bonds backing that industry are tanking.  They are not coming back until the price of oil comes back up.  Why else would big banks like JP Morgan and Citigroup be pushing this bailout to Congress?  The big banks likely have some very bad bets and are going to need another massive bailout.  I think Congress gave a big tipoff by packing this depositor and taxpayer rip-off in the spending bill that President Obama just signed into law.  You know it was a bad deal for Main Street when Democratic Senator Elizabeth Warren votes against it with the likes of Republican Senator Ted Cruz.  They are polar opposites, but not on this issue.  About 40 Senators voted against it from both parties, but it was not enough.

. . .

Click here to read the rest of Greg Hunter’s write-up and to access the active comment section.

# # # #

About Greg Hunter:

Mr. Hunter is the producer and creator of Greg Hunter’s USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. Greg Hunter’s USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows. Greg encurages feedback and welcomes comments. You may also support USAWatchdog.com by clicking here to donate.  Reprinted with permission.

Follow All Of TheNewsDoctors.com’s Exclusive Articles:

http://thenewsdoctors.com/category/thenewsdoctors-exclusive/

OR

Subscribe To Receive All TND’s Exclusive Articles In Your RSS Feed:

http://thenewsdoctors.com/category/thenewsdoctors-exclusive/feed/

Source: http://thenewsdoctors.com/fed-and-congress-signal-trouble-putin-defends-russia-isis-war-usa-watchdog-171/