Coming financial crisis will be much worse than Great Depression – investor Peter Schiff (Source rt.com)
The Great Depression will pale in comparison to the next financial crisis which could soon be coming, according to investor Peter Schiff, famous for his doomsday predictions.
“The bad news is, we are going to live through another Great Depression and it’s going to be very different. This will be in many ways, much much worse than what people had to endure during the Great Depression,” Schiff said, as quoted by ZeroHedge. “This is going to be a dollar crisis.”
According to Schiff, the US Federal Reserve is propping up the markets to urge people to spend more, but in fact, the wealth created is a bubble. “It’s actually doing damage. If you create a bunch of phony wealth, and people end up spending money that they otherwise would have saved, you are undermining economic growth,” he said.
In January, Schiff predicted that “the economy is going to blow up like a bomb” because of the Federal Reserve policy, but President Donald Trump will be to blame.
“Unfortunately, that’s what Trump has inherited from Obama. But it’s not even really just Obama, it’s the Federal Reserve. It’s the monetary policy that has been passed like a baton from Clinton to Bush to Obama and now to Trump. And we’re near the end of the game and unfortunately, Trump’s gonna be the fall guy. This thing is all gonna collapse while he’s president,” Schiff said. The tax cuts will give the Democratic Party a reason to blame the collapse all on Trump and the Republicans, the investor added.
Three Vast ‘Holes’ Just Appeared on the Sun—and They’re Bombarding Earth with Geomagnetic Storms(Source Newsweek) Three vast “holes” have opened up on the Sun over the past week, according to NASA’s Solar Dynamics Observatory (SDO), allowing high-speed solar winds to escape into space and bombard the Earth. These so-called coronal holes are gaps in the star’s outermost atmosphere, which are less dense and cooler than their surroundings. Magnetic field images released by the SDO show huge dark patches on the Sun’s surface, indicating their location. The holes spew out charged particles which can affect animals and electronic systems on Earth, and cause auroras to appear at lower latitudes than normal if they interact with the magnetosphere—the region around our planet dominated by its magnetic field. “A stream of high-speed solar wind is buffeting Earth’s magnetic field, and this is causing G1-class geomagnetic storms around the poles, Spaceweather.com reported on April 11. “Auroras have been sighted in the USA as far south as the Dakotas. The gaseous material is flowing from a wide hole in the sun’s atmosphere—so wide that the stream could influence Earth for another two to three days.” For April 12, the National Oceanic and Atmospheric Administration’s (NOAA) Space Weather Prediction Center have issued an alert saying there is a 50 percent chance of a minor G1-class geomagnetic storm.
Russian TV Instructs Citizens How To Prepare Bomb Shelters For Nuclear War (Source Zero Hedge)
Russia-24, a state-owned Russian-language news channel from Moscow, spent five minutes on Tuesday advising its viewers how to prepare for a nuclear war amid the increasing tensions with the United States over Syria. The television anchor urged the country’s citizens to purchase essential items and emergency supplies to stock their bomb shelters.
The title of the television broadcast “Inviolable stock: what should I take with me to the bomb shelter?,” explains how a nuclear war with the United States would be “catastrophic,” as a TV anchor from Russia-24 informed citizens how to get ready for World War III. “If some people did give in to the panic, and decided to spend all their savings on a survival kit, we’ll tell you how to not waste money on something you won’t need.” He recommended that people purchase salt, oatmeal, and other products that have a long shelf life. He even said powdered milk, grains, and sugar could last for years in storage, as one video during the broadcast demonstrated how to cook pasta while hiding in a bunker. The special broadcast then transitions to the next TV presenter Alexey Kazako, who explains the number one rule of surviving a nuclear blast is “fewer sweets, more water.”
He said: “All chocolates, candies and condensed milk will have to be left behind. “Glucose is an unrivaled energy source but sweets will make you thirsty, and water will be the most valuable resource for bomb shelter residents.”
Eduard Khalilov, a specialist in survival, explained to viewers about the importance of stocking fresh water.
He said, “people can only survive up to three days without water, but can go up to three weeks without food.”
Inside the White House Bible Study group (Source bbc.com)
Every Wednesday, some of the world’s most powerful people meet in a conference room in Washington DC to learn about God. The location can’t be revealed – the Secret Service won’t allow it – but the members can. Vice-President Mike Pence. Secretary of State Mike Pompeo. Education Secretary Betsy DeVos. Energy Secretary Rick Perry. Attorney General Jeff Sessions. The list goes on. In total, 10 cabinet members are “sponsors” of the group. Not everyone attends every meeting – they are busy people – but they go if they can.
Meetings last between 60 and 90 minutes, and members are free to contact the teacher after-hours. So who is the man leading the United States’ most-influential bible study?
Step forward Ralph Drollinger, a seven-foot tall basketball pro turned pastor. Or, as the 63-year-old describes himself: “Just a jock with some bad knees.” Drollinger grew up in La Mesa, a suburb of San Diego, California. As a child, he rarely went to church – “Probably half a dozen times,” he says – and didn’t get far with the Bible. “I always promised myself I’d read it,” he says. “But every time I tried, it didn’t make a whole lot of sense to me.” In his last year of high school, after a basketball game, some cheerleaders invited him to bible study. He went, and his world changed. “It was the first time I really heard the gospel,” he says. “So I went home, read through the whole gospel of Matthew that night, and asked Jesus into my heart.”
China is going to hold live-fire navy drills in the Taiwan Strait in show of support for Russia over Syria (Source Business Insider) Beijing announced that it would hold live-fire drills in the Taiwan Strait next week. The drills are both a message to Taipei and a show of geopolitical support for Russia during its time of friction with the United States, military observers said. The live-fire drill is expected to take place on April 18, making it the first naval exercises in the waters since September 2015. The announcement came just hours after Chinese President Xi Jinping, who also chairs the powerful Central Military Commission, was on the southern island of Hainan to inspect the biggest naval parade in the country’s history, a massive flexing of naval muscle amid China’s growing rivalry with the US. Macau-based military expert Antony Wong Dong said military conflict between the US and Russia in Syria could “break out at any time” and the drill in the Taiwan Strait was meant to be a show of support to China’s strategic partner Russia, diverting attention from the crisis in Syria after US President Donald Trump threatened a strike against Syrian forces. “It’s very likely that as Russia’s strategic partner, China [is using its] navy to show its political support to Russia at such a sensitive moment,” Wong said.
Russia Will Bomb U.S. Missile Launch Sites If Trump Attacks Syria, Ambassador Warns (Source Newsweek)
Moscow will shoot down any U.S. missiles fired at Syria and retaliate against American launch sites, the Russian ambassador to Lebanon has warned.
Ambassador Alexander Zasypkin made the comments on Tuesday while speaking on the Hezbollah-affiliated al-Manar TV channel, Reuters reported. President Donald Trump is currently considering military action against Syrian President Bashar al-Assad following Saturday’s suspected chemical attack on the rebel-held town of Douma near the capital city of Damascus. Medical relief groups say the attack killed dozens of civilians. Zasypkin told the Hezbollah-affiliated al-Manar TV channel, “If there is a strike by the Americans, then…the missiles will be downed and even the sources from which the missiles were fired.” He added that both sides should avoid a military confrontation, and said “we are ready therefore ready to hold negotiations.” The international community is on edge as Trump decides his course of action. On Tuesday, the president said the U.S. would respond “forcefully” within “the next 24 to 48 hours” if Assad’s forces were proven to be behind the attack. The U.K. and France have reportedly agreed to join Trump in his response. Commercial airlines have been told to exercise caution in the eastern Mediterranean because of the risk of American military action. The European Aviation Safety Agency posted a statement to the Euro control airspace organization website which read, “Due to the possible launch of airstrikes into Syria with air-to-ground and/or cruise missiles within the next 72 hours, and the possibility of intermittent disruption of radio navigation equipment, due consideration needs to be taken when planning flight operations.
THE CDC WARNS OF “NIGHTMARE BACTERIA” THAT’S TRYING TO SPREAD IN THE US (Source thedailysheeple.com)
The Centers for Disease Control is saying that “nightmare bacteria” are attempting to spread themselves across the United States. These new bacteria allegedly have the power to resist antibiotics and the media is hyping up the fear rhetoric. Antibiotic-resistant germs kill about 23,000 Americans every year, however, Federal health officials have said new and massively aggressive testing can help keep these “nightmare bacteria” from spreading. According to NBC News, a new program for testing suspect bacteria turned up unusual antibiotic-resistance genes 221 times in 2017, the Centers for Disease Control and Prevention reported. Additionally, 11% of people screened for these superbugs carried them, even though they had no symptoms, the CDC said. “CDC’s study found several dangerous pathogens, hiding in plain sight, that can cause infections that are difficult or impossible to treat,” said the CDC’s Dr. Anne Schuchat. “While they are appearing all over the place, an aggressive approach can snuff them out.”
Superbugs can evolve in the pipes of hospitals as they are cleaned away from patients’ rooms. This means that hospital pipes can be the breeding grounds for the next superbug, and once humans are infected, could eliminate up to 50% of those who become infected with the superbug. The CDC tried out a new system aimed at quickly identifying these superbugs. They’ve helped staff up state health departments and labs to quickly test samples so that hospitals, clinics, and other facilities can rapidly isolate patients infected with them. “We were able to put 500 additional staff across the country to help with this,” Schuchat told NBC News. “Once antibiotic resistance spreads, it is harder to control—like a wildfire,” the CDC said in a statement. And The World Health Organization has labeled antibiotic resistance a “fundamental threat” to humanity
US seizes pot-growing houses tied to China-based criminals (Source Associated Press) Hundreds of federal and local law enforcement agents have seized roughly 100 Northern California houses purchased with money wired to the United States by a Chinese-based crime organization and used to grow massive amounts of marijuana illegally, authorities said. The raids culminated a months long investigation focusing on dozens of Chinese nationals who bought homes in seven counties. Most of the buyers were in the country legally and were not arrested as authorities investigate if they were indebted to the gang and forced into the work, U.S. Attorney McGregor Scott said. Much of the pot was shipped to Georgia, Illinois, New York, Ohio and Pennsylvania through Atlanta, Chicago and New York City, he said. The drug is legal in California but requires permits to grow and can’t be sent across state lines. It is still banned by the U.S. government. Black-market pot-growing houses have proliferated in the inland California region where authorities carried out the raids, and many of them were traced to Chinese criminal organizations from the San Francisco Bay Area in the mid-2000s, Scott said. The high number of grow houses in the area may be because of low property prices compared with the Bay Area and the state’s large Chinese population, the prosecutor said. Scott called the recent crackdown “a game-changer” that may have cost the criminal organization “hundreds of millions of dollars” in lost drug profits and the money it spent on the homes.
“It hits the criminals right where it counts — in the pocketbook,” he said. Authorities tracked at least 125 wire transfers totaling $6.3 million from Fujian Province in China, all just below the $50,000 limit imposed by the Chinese government.
China Military Tells Russia ‘We’ve Come to Support You’ Against U.S. (Source Newsweek)
China’s military leadership has pledged its support to Russia as tensions between Moscow and the West further deteriorate into diplomatic isolation, economic sanctions and dueling defense drills. In his first visit to Russia, newly appointed Chinese Defense Minister Wei Feng attended the seventh Moscow International Security Conference accompanied by a delegation of other high-level military officials. Emphasizing that his trip was coordinated directly with Chinese President Xi Jinping, Wei said that he had two major messages for Russia at a time when both nations were attempting to modernize their armed forces and strengthen their hands in global affairs in spite of U.S. fears.
“I am visiting Russia as a new defense minister of China to show the world a high level of development of our bilateral relations and firm determination of our armed forces to strengthen strategic cooperation,” Wei said at a meeting with Russian Defense Minister Sergey Shoigu, according to the state-run Tass Russian News Agency.
“Second, to support the Russian side in organizing the Moscow International Security Conference the Chinese side has come to show Americans the close ties between the armed forces of China and Russia, especially in this situation. We’ve come to support you,” he added. “The Chinese side is ready to express with the Russian side our common concerns and common position on important international problems at international venues as well.”
The Growing Threat of War and the Critical State of the Global Financial System (Source globalresearch.ca)
Three developments are shaping the current world situation: an increase in social tensions, the intensification of international political conflicts and the increasingly undisguised preparation of the Western alliance for war against Iran. The war – the critical state of the global financial system. Journalists are bending over backwards to convince the public that the global economy has completely recovered from the 2007/2008 crisis, that we are witnessing a global economic boom and that the dangers in the system are under control. In fact, none of these claims are true. The simple reason is that they all ignore the historic importance of the cross-border manipulation by the central banks, which was necessary to save the system from collapse after it nearly broke down in 2007/2008, and which still keeps it alive today. Without money injections and low interest rates and without the purchase of government and corporate bonds by central banks, the global financial system, as we know it, would no longer exist. The world’s leading central bankers are well aware of this. This is shown by their futile attempts to turn the wheel. Even the most timid announcements to contain the flood of money and significantly increase interest rates send such shock waves through the financial community that it is already clear: there can be no return to a normality in which no excess money is printed, interest rates are raised to a level that was once considered normal and no more bonds or shares are bought by the central banks. So what will happen next? Will central banks simply continue the policy of the past ten years? After all, nobody can stop them from printing unlimited amounts of money and lowering interest rates – along the lines of the Swiss Central Bank – into negative territory. In fact, nobody can stop them, but the consequences these measures would bring with them are foreseeable: A further increase in speculation, even greater volatility in the markets, an even stronger inflation of the bubbles, which are almost bursting already, the complete destruction of the classic banking business (lending against interest rates), the disintegration of traditional commercial banks and savings banks, the complete takeover of markets by investment banks and hedge funds, the collapse of pension systems – to name but a few of the expected consequences. Worse than any of these consequences is the creeping loss of confidence in the entire monetary system, which has not been tied to any real value since the decoupling of the US dollar from gold in 1971. It can be assumed that at some point it will affect the entire system, lead to a panic in the markets and cause the global financial card house to collapse.