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Weekly News Wrap-Up 6.20.14

Friday, June 20, 2014 18:58

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

President Obama is sending 300 military advisors to Iraq. This is the ultimate lose-lose scenario. Remember I told you Iran was already there, and the U.S. would be helping Iran defend Iraq. Well, it’s happening. Obama does not want to attack the ISIS or ISIL forces that have come down from Syria, and he does not want the Iranians to defend Iraq and gain influence. The Obama Administration has armed the Syrian rebels that are in part al-Qaeda related. If he starts bombing them, the campaign to oust Assad in Syria will be over. (It probably already is over.) If he helps the government in Iraq, he will in turn be helping the Iranians. This comes down to a coming civil war between the Sunni and Shiite Muslims. The United States has armed them both and is going to get caught in the middle. When, and not if, there is war, oil prices are going to explode. This is going to be a global economy killer

Meanwhile, the Russians are massing forces on the Ukraine border according to NATO. Heavy fighting is reported in Eastern Ukraine between Kiev government forces and pro-Russian separatists. It is also reported a military convoy stretching 10 miles is on the road between Moscow and Ukraine. On top of that, an Eastern Ukraine gas pipeline blew up this week. Maybe it’s was blown up because Russia cut off their natural gas and demands payment up front from now on. Who knows, but this is not moving the country closer to peace. One Russian official was quoted as saying it was “moving closer towards a serious conflict.”

A top Russian economic advisor to Putin is pushing to crash the dollar system as a way to stop the Ukraine civil war that Russia says was started by Washington. The Russians are worried about a third phase of sanctions that could end up hurting Russia and the EU. Meanwhile, it was announced this week the UK and China will begin trading in their own currencies. It is direct trade with yuan pound sterling. Please note they will not use the dollar. I hear nails being hammered in the dollar coffin, and I wonder when the dollar abandonment will reach critical mass. It is coming, but I don’t know when.

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

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About Greg Hunter: Greg 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.