Reggie Middleton-Greece Most Dangerous Threat to the Global Economy
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Could we have another financial disaster this fall? Financial expert Reggie Middleton contends, “There are a lot of powerful forces trying to kick the ball down the road, but the longer you kick it, the greater the recompense when it’s time to pay the piper. The most dangerous threat to the global economy would be a contagion from Europe and from Greece, but not because Greece defaults. This is the danger Greece causes, and that is Greece’s success is by far the greatest danger. Suppose Greece drops out of the Eurozone, and there are going to be hard times, and they pull it off . . . then every other country that is subjected to extreme austerity say why in the world are we allowing ourselves to be subjected to this by the Troika and Germany? Greece was able to pull out . . . and they did no worse than they did while being subjected to austerity. Then, now they are truly a sovereign nation. . . . If Greece gets away with it, then you have to take a look at Portugal and Spain and Italy and Ireland, and they will think about it. If Greece even partially succeeds, then the entire Eurozone experiment is gone.” Join Greg Hunter as he goes One-on-One with Reggie Middleton, creator of Veritaseum.com. http://usawatchdog.com/15302/
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reggie is right on
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Reggie, you have to understand that all central banks are devaluing their currencies at the same time and confidence in all fiat currencies are eroding. The US dollar does not have to be the defacto. Also, Reggie try to remember why we hold and use currencies, right for trade. China makes almost everything. They make real things and their agreements with Saudi Arabia gives them oil=energy. Try to remember that paper money buys things yuan, euro, or US dollar. Most Billionaires hold a basket of currencies for diversification, safety and security.
The US GDP Growth rate should be higher, our market share is being eroded by global competitors and by global debt. What if China and Russia form an EU style system with military support for BRIC nations you might see Russian and Chinese nukes in Brazil. We are debtors to many of these nations. Those who were loyal to the British pound lost everything, those who invested in a basket of currencies never went broke. Lastly, Reggie remember Russia, China, and the other BRICS have little or no debt and high US dollar reserves and mighty resources and our technology and know how. So why do they use the dollar? They have so many of them, they have to make purchases to get rid of them: China buying Gold, Oil,.... when their dollars run out they will just move on to the next fiat currency. -
Reggie Hammer
from Another 48 hours -
When the does collapse what will we use to buy our drugs ?. People will freak out when they sober up .
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He was in 48hrs!
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I'm a fan of his blog. The first time I've heard him interviewed. An insightful guy!
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Greg,it's been a long time since we've seen Reggie,good to see he's still in the game and doing well. Reggie's cool. I am curious to why Reggie thinks the dollar won't loose reserve status especially if the yuan becomes gold backed. Also we see country after country by-passing the dollar.. The fed's printing press has no off switch on it is also part of the problem that only adds to the dollars demise .I think we need to watch after the Iran nuclear deal and sanctions are lifted,will they sell there oil for the dollar?Any thoughts on looking into the police problem Dr.P.C. Roberts brought up in his recent interview. It needs to be exposed for the well being of all of us and we need good men like you looking into it,please
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You made a big mistake in the title: Greece is not the most dangerous danger to the global economy. EU is.
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So what he's saying is that if any of the sheep escape the game is up!
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Greg, good to hear a different point of view such as Reggie M. I feel the most dangerous threat could still be the deal with Iran. The naive diplomats believing that Iran will abide by any treaty is just incredulous. What really worries me is Iran's capability to deliver a "dirty bomb" and they would find a way to do that. People visualize a nuclear holocaust, mushroom clouds, burnt cities; I think the reality is IRAN wants Israel in chaos and the easiest way to do that and not have the rest of the world come down on IRAN is deliver dirty bombs into Tel Aviv and/or Jesusalem. Sad to think that way but IRAN's leadership cannot be trusted.
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It is unfortunate that more shows like USA Watch Dog don't have Reggie on as a guest. Reggie may be one of the most grounded individuals in the entire financial world. His perspective is based on simplicity and not skewed by irrational fear, which is totally refreshing in todays world. I constantly search for interviews with Reggie but there are so few. Please bring Reggie back more often and for god sakes, someone save Lauren Lister from main stream media and find someone to fund a show for her. If it were not for Lauren I would not know about Reggie and a ton of other intelligent commentators I now get solid information from. It is minds like Reggie that will create a new and fair financial system and no matter the negative comments below, its the creators that get things done despite the whiners with all of their negative comments. Besides, this whole financial shell game is a joke. We are on this earth to use our talents to CREATE, not just shuffle money around or gamble. From a rational mindset, the entire financial system is completely insane. People should be valued on their genuine talents and mark my words, thats where its going. From a sane perspective, the only true currency that has ever existed in life is human potential and human creativity and thats it. So investors should be investing in people who are developing/doing things for the GOOD-OF-ALL.
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excellent points were made,
but i disagree on the proposition proffered on the inevitable outcome.
it is going to be very bad,
... soon.
(i hope everyone is having a nice day) -
brilliant...he points out the obvious of a new way..! he rocks,kool as
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President George H.W. Bush, President George W. Bush, 2016 Presidential Candidate Jeb Bush must repay China Officials Chinese Military High Command Billions of U.S. Dollars and Billions in Gold if not successful destroying the U.S. Constitution China Guaranteed U.S. Federal Land with Mineral Rights West of Denver Colorado including the State of Alaska. The following list of crimes committed by the Bush Family's 1980s C.I.A. agreement with Chinese Military High Command crimes against the United States Military, U.S. Military Families and U.S. Citizens: Oil pumped into California's Underground Drinking Water, California's worst drought using C.I.A. Weather Frequency Technology, Vaccines at Walgreens and CVS filled with Chinese Mercury, Pesticides with Mercury used on U.S. Corn Fields High Fructose Corn Syrup U.S. Food Contamination, Major California Wild Fires Set by the C.I.A. orders from China, Keystone Pipeline from Canada vetoed by President Barack Obama and President George W. Bush C.I.A. operation with Chinese Military, New Federal Laws enforced upon U.S. Police Departments targeting Constitutional Laws and Collapse of the U.S. Military.
U.S. Department of Defense
U.S. Army Intelligence, Office of Naval Intelligence, Air Force Intelligence -
Yet another interesting person you have brought to us to share their perspective, Greg. Once again I hear this contention that the $ won't suffer so much as money has to go somewhere - cleanest dirty shirt scenario. Seems to me that much of what we are calling wealth is a mirage that will fade away just as many derivatives prove worthless. The paper may prove to be just paper.The multiple parties that claim ownership to same share of stock, the gold ETF holders that find they own no gold. All the tea in China couldn't save the $.
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imho one of the best guests you've ever had. not sure why all the down thumbs!
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Reggie is great. Been listening to him for years. The dollar will still be used but can and is being debased. Devalued. It is loosing purchasing power and when the confidence is lost that is when it looses its power to influence the rest of the world. That day is rihht after QE 4 begins imho.
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He won stock pick contest on CNBC 2 years in a row, I think. In my view, he is a very smart man.
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All the currencies are being printed to oblivion. The one with the biggest military will be the reserve currency,just like pre Brenton Woods.
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