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US Iran War? EU Financial Crisis - Gold & Silver - Occupy Wall Street: Weekly News Wrap-Up

3,158 views · Published 14 October 2011 · 8:42 · Indexed 2 October 2026

Channel: Greg Hunter · 2011 · News & Politics

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http://usawatchdog.com/ - The big story is the foiled Iranian plot to allegedly assassinate the Saudi Ambassador in Washington D.C. This is a big deal because it could spark a military conflict between the U.S. and Iran. Oil would skyrocket in a dispute in the Persian Gulf, and the economy would surly crumble. Speaking of the economy, Europe is a mess and it appears that the EU is going to have to print lots of money and let some banks fail as it braces for a Greek default. The big worry is not just Greece but the rest of the so-called PIIGS (Portugal, Ireland Italy, Greece and Spain.) Of course, the two biggies are Spain and Italy with a combined $3.4 trillion in debt 10 times that of Greece. Banks will fail and money, lots of money, will be printed. The big beneficiary will be commodities. Gold will probably jump up as people look for inflation protection. Finally Occupy Wall Street has been going on 26 days or so and New York City officials say it's time to clean things up. The park the protesters are camping in has become unsanitary. Will they be allowed to return? Greg Hunter brings you all this and plenty more in this installment of the Weekly News Wrap-Up.

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