Coast To Coast AM 2014.07.23 - Corporate Oligarchy And Geopolitics - Economic Crisis

Corporate Oligarchy And Geopolitics - Economic Crisis

Audio Bit Rate: 48 kbps Sample Rate: 44100 Hz Mono MP3

Date: 07-24-14
Host: George Noory
Guests: Craig Hulet, John Truman Wolfe

In the first half, analyst of geopolitics and foreign policy, Craig Hulet, commented on America's
economic woes, as well as the turmoil in Ukraine and Israel, and other hotspots. The US has
really become a corporate oligarchy, he suggested, a nation state that refers to its "sovereign debt."
"Look what Obama has done, and what George Bush Jr. did before him-- setting the stage for this
corporate coup d'etat...and the complete destruction of the Bill of Rights of the US Constitution," he exclaimed.

The corporate world is in favor of bringing a large number of immigrants to America, who will do the
low-paying jobs, while high paying jobs once done in the US, are being exported to other countries,
he explained. He advised that people get out of debt, so they won't be as vulnerable when the
banking system collapses. Regarding Israel, Hulet referred to the book Goliath by Max Blumenthal,
and said that what is going on there between the Israelis and Palestinians is comparable to the former
Apartheid situation in South Africa.

In the latter half, author and ex-banker John Truman Wolfe, the editor/publisher of The Hard Truth magazine,
discussed the state of the US and world economies, and why he believes that the situation is more fragile
than in 2007. The purpose of the last economic crisis was to take down the US dollar as a world currency
and replace it with a global monetary authority-- a kind of "financial dictator," he said. They did that in 2009
when the Financial Stability Board was created, he continued. Since then, the economy has grown
increasingly unstable, and interest on the US federal debt is running a staggering $49,000 a second, Wolfe reported.

The reason the Dow Jones is at an all time high is that central banks are buying stocks; they've made
some $29 trillion in purchases in order to drive up the market, he explained. Wolfe foresees another
economic crash coming within two years, with the stock market possibly losing half its value. As far as
where to keep your money, he noted that credit unions are generally safer than banks, and "not pregnant
with derivatives"-- the trillions of dollars of interest rate swaps found at other banks.

News segment guests: James Sanders, William Forstchen, Peter Davenport
Website(s):

craigbhulet.com
johntrumanwolfe.com
thehardtruthmag.com

Book(s):

The Hydra of Carnage
Crisis by Design