Friday, September 13, 2013

Syria and World War III, Congress Battles Budget and Debt Ceiling, Gold ... - President Obama says an attack must be done to punish Syria for using chemical weapons. Meanwhile, Secretary of State Kerry tries to work out a deal to take control of Syria's chemical weapons so an attack can be averted. Putin penned an op-ed piece in the New York Times that asked the U.S. not to attack because it will make matters worse and it would "spread the conflict far beyond Syria's borders." In my mind, any U.S. attack will kick off World War III. Back at home, the U.S. Congress faces enormous economic challenges. Congress needs a budget, or spending resolution, to keep the government from shutting down. Then, there is the debt ceiling, and if it is not lifted, we could default on our massive debt. This all has to be done in the next few weeks. A slip-up could cause calamity in the markets. Gold took another whacking at the end of this week. COMEX has the lowest amount of gold for delivery on record. You got to ask yourself, why are so many of the rich gobbling up physical gold? Join Greg Hunter of as he gives his analysis in the Weekly News Wrap-Up.

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