On Again With Greg Hunter

Wed, Oct 23, 2019 - 10:05am

It's always fun to appear on Greg Hunter's USA Watchdog site and we recorded this new segment yesterday. You should have a listen when you have a few minutes.

The link to Greg's terrific site is here: https://usawatchdog.com/fed-pawn-shop-repo-market-shows-panic-mode-craig... Greg posts several interviews per week and you'll find lots of interesting content there if you click around.

Thanks again to Greg for the opportunity to present this information to his followers.


Early this year, financial writer and precious metals expert Craig Hemke predicted the Fed would be forced to return to QE, just like in the 2008 market meltdown. Looks like Hemke’s prediction has come true because the Federal Reserve is printing billions in cash in the Repo market every week. Hemke explains, “At the last Fed meeting in September, we were told that the Fed was ‘neutral’ right now, and they were just going to be ‘data dependent’ and everything is fine. Just three weeks later, (Fed Head) Powell is out there saying we are going to have to restart buying T-Bills, and these repo facilities we have set up are going to become a permanent thing. Wait, whoa, what happened here? Just three weeks ago, you said everything was fine. These repo facilities they have set up are basically like a Fed pawn shop where banks can come to the Fed and say here are some Treasury bonds . . . we are going to give you these Treasury bonds and you are going to give us some cash. We thought this was temporary back at the end of September, and now it’s a permanent deal. Every single day, banks are showing up at this Fed window demanding dollars. Powell has also said don’t you dare call this quantitative easing, and the Fed is going to start monetizing $60 billion in U.S. debt every single month through June. . . . That’s over $500 billion in

debt they are going to monetize, but don’t call it QE. . .The point is the central bankers are moving into a panic mode. I thought this was going to be more gradual. . . . all of a sudden, the signs are there that this is a panic.”

Hemke says there are plenty of signals being put out that things are getting much worse for the global economy. Hemke points out a new financial report out this week that says, “More than half of the world’s banks may not be able to survive the next financial crisis or recession because they don’t have the liquidity reserves—more than half. Let me hit you with one more. Mervyn King, who used to be Head of the Bank of England . . . earlier this week, said, ‘It’s time for the Federal Reserve and other central banks to begin talks behind closed doors with politicians to make legislators aware of how vulnerable they would be in the event of another crisis. What? Talks behind closed doors? . . . .They are doing everything they can to keep the illusion going. They are doing everything they can to keep the markets propped up. In the end, there is going to be a loss of faith in the central bank’s ability to keep it all going. This will bleed over to the demand for gold and silver. We are seeing that at the retail level, the institutional level and even at the central bank level. This is going to be a great year for gold and silver, and prices are only going to keep going higher.”

Is there an imminent financial crash near? Hemke says, “Yes, right, exactly. I think this explains the near panic move, not only by the European Central Bank (ECB) . . . but by Powell and the Fed when everything was fine in September to all these emergency measures now. . . . So, there is some pretty nasty stuff brewing out there. There is some real liquidity monetary tightness that is pushing things to the verge of collapse, really. They are doing everything they can to stave it off. . . . The curtain is being pulled back on central bankers, and it reveals them to be charlatans. . . . They are not these all-knowing masters of the universe looking out for the world. No, they don’t know what they are doing. They are just trying to maintain this illusion. . . . The demand for all the massive amount of money from the central banks and the Fed leads to a crisis of confidence in their ability to keep things going. Why would you not want gold and silver? There is a global awakening to that, and that is why prices have hit new all-time highs in 70 currencies around the globe, and we will see new all-time highs in dollar terms, too, next year.”

About the Author

turd [at] tfmetalsreport [dot] com ()


Oct 23, 2019 - 9:19am


The powers that be are the dopes, and without MacBooks.

edit: brilliant analogy with "birth pangs" (faster and faster, then "boom")

Oct 23, 2019 - 9:20am

Rather than start an additional thread...

...I'm simply going to add commentary to this one and then record today's podcast earlier than usual.

Oct 23, 2019 - 9:43am

thus far today

It's nice to see CDG and CDS both trading higher. And why? Same old, same old with a rally in the bond market translating into bids for Comex Digital Gold, too. The yield on the 10-yr note is back to 1.74% and I'd really like to see it get back under 1.70% by the close on Friday. There's some data tomorrow with Durable Goods and those flash PMIs but the main item will be VP Pence's "China speech".

In this Greg Hunter interview and in our weekly Sprott post, we discuss the potential significance of Germany acquiring gold again after no purchases for 21 years. Here's ZH today with their own thread and charts. You should read it: https://www.zerohedge.com/commodities/end-fiat-one-chart

With lasts of $1497 and $17.58, we're having an OK morning. However, do you recall that 30-minute chart of CDS that we discussed back on Monday and the statistical improbability of it looking the way it did. Well, take another look now. "Someone" really likes price between $17.55 and $17.60 this week. Let's see how long this continues.

For today, we remain stuck in the same patterns that have contained prices the entire month. With a lack of actionable news, expect these ranges to get even tighter...until tomorrow when perhaps the headlines will bring some volatility.

Have a great day and be sure to check back in a few hours for your daily podcast summary and review.

Oct 23, 2019 - 9:47am

Parallels between the Titanic and global central banking.

From Wikipedia regarding what was experienced on the Titanic after hitting the iceberg:

Above the waterline, there was little evidence of the collision. The stewards in the first class dining room noticed a shudder, which they thought might have been caused by the ship shedding a propeller blade. Many of the passengers felt a bump or shudder – "just as though we went over about a thousand marbles", as one survivor put it – but did not know what had happened. Those on the lowest decks, nearest the site of the collision, felt it much more directly. Engine Oiler Walter Hurst recalled being "awakened by a grinding crash along the starboard side. No one was very much alarmed but knew we had struck something"

I think some of the financial press is finally starting to worry about the “bumps and shudders” they're feeling in global, monetary, fiat land:


Oct 23, 2019 - 9:57am

repeating from yesterday's podcast

Reposting this because I can't stress it strongly enough.

Again, this is Mervyn King...basically England's version of Ben Bernanke...admitting that the central banks are "pretending they have made the banking system safe".


Oct 23, 2019 - 10:11am

USA Watchdog....

Craig.....excellent and articulate presentation.....hope it gets you additional subscribers, with or without the special offer.....smooth and clean shaven, but no tie. (don’t go that far...)...unhappy that I wasn’t a subscriber years ago....ah, but we all learn, even at the age of 77....now, counting on you to help me retain or increase what I’ve got at present,.....knowledge, that is.....

Oct 23, 2019 - 10:14am

4th Again?????


Ronnie 666
Oct 23, 2019 - 10:17am

Nice to see platinum up 3% on the day

Platinum back over $900 and let's hope will narrow the gap between it and Pd. Only a matter of time when this element which is 9 times more rare than gold goes back above the gold price which is its historic mean.

Oct 23, 2019 - 10:45am

Holy shitballs!!!

off topic but this damn near choked me !

DALLAS, Texas, October 21, 2019 (LifeSiteNews) – A jury has ruled against Jeffrey Younger, the father who is trying to protect his seven-year-old son, James, from chemical castration via a gender “transition.” This means James’ mother, Dr. Anne Georgulas, will be able to continue “transitioning” him into “Luna,” and now has full authority to start him on puberty blockers and eventually cross-sex hormones.

My lord where are we headed ?

Who gave this 7 year old kids mother the right to define his gender?

Where are the child abuse knob heads

Oct 23, 2019 - 10:49am


When Turd dons a purple tie, I'm gone. Hasta luego, baby.

Key Economic Events Week of 11/18

11/19 8:30 ET Housing Starts & Bldg Perms
11/20 2:00 ET October FOMC minutes
11/21 8:30 ET Philly Fed
11/21 10:00 ET Existing Home Sales
11/22 9:45 ET Markit November Flash PMIs

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Key Economic Events Week of 11/18

11/19 8:30 ET Housing Starts & Bldg Perms
11/20 2:00 ET October FOMC minutes
11/21 8:30 ET Philly Fed
11/21 10:00 ET Existing Home Sales
11/22 9:45 ET Markit November Flash PMIs

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

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