NATO’s Turkey Starting War in Syria, Interest Rates Spike, New Wounded Warrior Book

Greg Hunter – Turkey is invading Syria to force the Assad regime out. Could Turkey, a NATO member, drag the U.S. and NATO into a wider war in Syria?  The answer is yes.  The biggest threat is Russia that has a naval base and an air base in Syria.  Russia is propping up the Assad regime and does not look like it is leaving anytime soon.  Has NATO tacitly approved this action by not complaining or objecting to this new military action from Turkey?

The 10-year Treasury bond is vaulting higher, once again. On Thursday, it hit 2.45%, which is nearly an entire percentage point higher than it was in July.  Bondholders are losing value because of the rising rates.  $1.7 trillion was lost in the last month because of the bond meltdown according to Bloomberg.  Is it going to get worse?  Are rates going to continue to rise?  There is no sign of a turnaround in rates, especially with the Fed signaling of a rate increase at its next meeting in mid-December.

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2016? One Disaster After Another

GreyerzGreg Hunter – Financial expert Egon von Greyerz says the recent Fed rate hike will not help the financial markets. Greyerz predicts, “I think we will have one disaster after another, first in the junk bond market, then in emerging markets and, after that, the subprime markets.

Subprime car loans and student loans I see as another massive problem area. It is going to be one thing after another that will unravel. Since 2008, when the world almost went under, we have printed or increased credit by 50% or by $70 trillion, and the world economy is still struggling to survive. I think the real change in confidence will come down when markets come down. . . . I think things will come down very quickly.” Continue reading