Friday, February 8, 2013

Greg Hunter, “Weekly News Wrap-Up 2.8.13”

“Weekly News Wrap-Up 2.8.13”
By Greg Hunter’s

“The John Brennan CIA confirmation hearing is raising questions about waterboarding and drone strikes that include targeting U.S. citizens abroad. Many Democrats have been up in arms about the use of torture, but not much has been said about killing terror targets with drones. The White house says, “The strikes are legal, ethical and wise.”  Opponents of drone strikes say killing people this way is unconstitutional, especially when it comes to targeting Americans. If Democrats hated waterboarding, what should they think about murder by remote control? This is a thorny issue, and plenty of folks on both sides of the aisle say this should not be done.  Protesters were removed from the Brennan Senate hearing that said the CIA should stop murdering people. 

Iran came out and said it is already a nuclear state at a conference in Egypt. It also said it has no plans of attacking Israel. There is no wonder why Henry Kissinger recently said an Iran nuclear crisis is close.

The Justice Department is suing S & P for rating mortgage-backed securities much higher than they should have. This, of course, is the big reason why the economy melted down in 2008. S & P says that is not true, and there are reports that S & P could be put out of business by this lawsuit. S & P is unfairly being painted as a villain. Does anyone believe the banks did not know they were selling and packaging liar loans? Please. 

Big report out of CNBC that said insiders were selling stocks big time. What did I tell you about the pump and dump. We had the pump, and now the dump. My friend Gregory Mannarino has been warning about this on his site long before CNBC.

Bill Gross of PIMCO with $2 trillion under management is warning of what he calls a “Credit Supernova.” He says one of the ways to protect your assets is to buy gold or anything that can’t be reproduced easily such as credit. Simply put, Mr. Gross is very worried about massive money printing by the Fed. So, is there any wonder why China imported record amounts of gold in 2012?  The world is in big trouble. One of my guests this week, Fabian Calvo, said the economy is an “illusion.” You know what happens to “illusions” don’t you? They disappear, and in this case, so will your money. Join Greg Hunter as he analyzes these stories and more in the Weekly News Wrap-Up.”

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