Greg Hunter on the Collapse of the US Economy - MUST LISTEN

[madfranks]

First hour guest, investigative reporter Greg Hunter reacted to Pres. Obama's speech on the budget, and noted that neither party is saying a word about "the 75 billion a month that the Fed is printing to finance 70% of the government."

This was on Coast to Coast the other night, and is one of the best things I've heard in a while. He predicts QE3 once QE2 is over, and he believes that this will be the death knoll for the US dollar. He then predicts a few years of massive inflation as all the money printing starts taking its toll on the economy.

http://www.mediafire.com/?9a3n8df9h39l93f

[Large Sarge]

great interview!!!

[optionT]

Great interview, thanks!
So we can expect the market to drop June/July, if not sooner!

[madfranks]

Bump for the evening crowd - this is worth listening to!

One thing that made me really appreciate how dire our situation is, is how QE1 was described as a minor supplement to temporarily hold interest rates down, to the tune of around $200 billion, but no more. The gov't absorbed QE1 like a highly addictive drug, developing an immediate dependency on it, and once it was over it didn't take long before they needed more. So QE2 was introduced, this time no more than $600 billion, and this, coupled with China calling bullshit and becoming a net seller of Treasurys, Japan devastated by the earthquakes, and Europe facing a similar financial depression, increased our dependency on QE to the point that TODAY, RIGHT NOW, 75% of government spending is from QE money printed out of thin air. The promise is, that when QE2 ends there will be no more QE, but who is going to pick up the slack, who is going to finance trillion dollar deficits by borrowing 10 year notes at 3% and 30 year notes at 4%? Nobody! There is no going back now, it's too late. The gov't is utterly dependent on printing money to finance it's budget. We've just seen the only other option (dramatically reducing the budget to fit within our means) go to shit as both sides of the government fought bitterly against reducing it by a pitiful $30b or $60b, neither of which is anything more than a few crumbs on this massive pie. So, QE3 is a shoe in, and when it's announced, and the budget for QE3 is ten times that of QE2, this time the world and all the markets will understand what's happening. Precious metals will take some **breathtaking** moves when this begins. June/July - watch for it.

[solid]

I'd really like to listen to this, but when I click on the link in the OP nothing happens. Do I have to create an account on that site to listen to this?

[PatColo]

I agree that we are at a tipping point. Raising the debt ceiling and initiating QE3 will be the tipping point.


Mike RUppert, with his tattered record of short-term TSHTF predictions over the recent years which came and went quietly, is suggesting that the Japan nuke meltdown has helpfully put a ring & a date on things, due to current/foreseeable J. supply chain interruptions, quarterly earnings collapses etc.

Michael Ruppert - We Have Until July at Latest Even a Caveman Can See It (http://gold-silver.us/forum/general-discussion/michael-ruppert-we-have-until-july-at-latest-even-a-caveman-can-see-it/msg211494/#msg211494)

this recent King World News guest is beating the drum for imminent silver delivery problems,
Rick Rule - Extreme Silver Tightness Causing Delivery Problems (http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/15_Rick_Rule_-_Extreme_Silver_Tightness_Causing_Delivery_Problem s.html)
audio inside

[madfranks]

I'd really like to listen to this, but when I click on the link in the OP nothing happens. Do I have to create an account on that site to listen to this?




No, you don't have to create an account. When I click the link it says "processing download request" and then it says "Click here to start download from MediaFire." in blue text. Maybe try again? And the interview starts a few minutes into it, you have to fast forward through the initial news, etc.

[Twisted Titan]

QE3 is a shoe in, and when it's announced, and the budget for QE3 is ten times that of QE2, this time the world and all the markets will understand what's happening. Precious metals will take some **breathtaking** moves when this begins.


Couple this with the University of Texas Endowment making a Billion Purchase of PHYSICAL Gold Bullion.


Its all most time to bar the door Katie.


T

[SilverMagnet]

This looks like one of the last few warnings we are going to get before the wheels fall off. If you haven't already, it's time to go all in on preps and FRN conversion to real money.