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Financial Crisis Special

Retired NASA astronaut Ron Garan is also a highly decorated fighter pilot as well as an explorer, entrepreneur, and humanitarian who believes that appropriately designed and targeted social enterprise can solve many of the problems facing our world. In the first half, he discussed his transformative experiences working aboard the International Space Station.

In the latter half, medical sociologist Robert E. Bartholomew, PhD shared his latest work uncovering the little-known scientific evidence underlying supposed hauntings, immortalized in familiar Hollywood films including The Exorcist, Poltergeist and The Conjuring.

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Financial Crisis Special

Show Archive
Date: Monday - May 21, 2012
Host: George Noory
Guests: Peter Schiff, Paul McGuire, Lindsey Williams, John Truman Wolfe

In separate hours, three guests addressed future and current economic crises. First, global financial strategist Peter Schiff argued that the crisis of 2008 is nothing compared to what is coming. The government stimulus programs have made the situation worse, in that they prevent free market forces from correcting the situation, he commented, adding that the real problem with the US economy is that interest rates are too low. These low rates contribute to economic structural problems, he explained-- we borrow and spend too much, and we don't invest or save enough. If we keep the rates low indefinitely, we're going to completely destroy the dollar, which will unleash a far worse crisis than if we actually dealt with the problem, he continued. Schiff favors an overhaul of Social Security (which he called a kind of Ponzi scheme)-- no benefits should go to the wealthy, and further, everyone expecting something from government should take less, he said.

Former senior banking officer John Truman Wolfe discussed how the current world economic crisis is an intentional coup designed to take down the U.S. dollar. He cited the International Monetary Fund and the World Bank as two organizations that "truly became global predators." Behind the scenes, they created economic crises in third world countries, and then came in on a "white horse" to save these countries with loans, which they knew could never be paid back, he detailed. They have much of the planet in debt, and exert control through this, Wolfe continued, adding that another economic crash is coming. The 2008 US crash as well as the current European crisis were planned scenarios in order to place a global monetary interest in authority, he revealed. He also was critical of the massive derivatives market, which he characterized as unscrupulous casino-like gambling practiced by banking institutions.

In the last hour, ordained Baptist minister Lindsey Williams shared his contention that the collapse of the dollar is being orchestrated. According to his "elite" sources, we should be on the lookout for signs that a collapse is imminent. These indicators include a crack in the derivatives market, currency & trade wars, as well as a 1% rise in interest rates. He suggested that people "secure their assets immediately," which means to get out of all paper, and invest in gold and silver (which he was told will be used to back the new world currency).

Convergence & Bible Prophecy

In the first hour, author and professor of biblical prophecy, Paul McGuire, spoke about a convergence of events-- a possible WWIII, a one-world govt./economic system, radical earth changes such as tsunamis and volcanoes, which relate to Bible predictions about Armageddon and End Times. In addition to Bible prophecy in books such as Revelation, the works of Nostradamus, Edgar Cayce, as well as the Mayans and Hopi, also point to the next 30 years as being a time of accelerating cataclysms, he said.

News segment guests: Jeff Nelken, Lauren Weinstein, Rosemary Ellen Guiley

Bumper Music

Bumper music from Monday May 21, 2012