Monthly Archive: November 2009

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Lessons From A Dubai Default

By Greg Hunter’s USAWatchdog.com Last week, just before the Thanksgiving holiday, Dubai World asked creditors if it could suspend payments on nearly $60 billion in debt.  Experts call this a “technical default” by Dubai itself because it owns Dubai World which

The FDIC Is Way Beyond Broke

 By Greg Hunter’s USAWatchdog.com The Federal Deposit Insurance Corporation announced this week that the insurance fund that covers more than $4.5 trillion in deposits was not only depleted but has a negative balance of $8.2 billion according to the Wall Street

“Mischief” and Fed Secrecy

By Greg Hunter’s USAWatchdog.com   A very important hurdle was cleared last week for the folks who want to end the Federal Reserve’s privilege of secrecy.   By a bipartisan vote of 46-26, the House Finance Committee approved an amendment to audit the

The “Fix” Is In!

 By Greg Hunter’s USAWatchdog.com   It appears the “fix” is in as far as the road plan for the U.S. dollar and economy.  The government and the Fed appear to have chosen a path of inflation for America and the world.    This is not an

Is the Fed Signaling More Trouble Ahead?

By Greg Hunter’s USAWatchdog.com With all the euphoria about the stock market these days, it would seem that the worst of the economic meltdown is behind us.  After all, the S & P 500 is up an astounding 64% since March.  I

Pay No Attention To That Man Behind The Curtain

By Gene Tunney Guest Writer for Greg Hunter’s USAWatchdog.com   “Pay no attention to that man behind the curtain” is one of my favorite literary quotes. Today I have a vision of Obama and Congress, in place of the Wizard of Oz,

Gold Hit Another All Time High! What It Means For You

By Greg Hunter’s USAWatchdog.com     Gold hit another all time high this week.  I do not pretend to be a gold expert, but I do know a good story when I see one.  The yellow metal hitting one all time high after

Whatever Happened to The “Audit the Fed” Bill?

By Greg Hunter’s USAWatchdog.com   Whatever happened to the “Audit the Fed” Bill?  (HR 1207)   You know, where “We the people” find out what the Fed did with trillions of dollars.  I for one would just like to know why the Fed gave

Prediction Payoff and More Real Stats

By Greg Hunter’s USAWatchdog.com   Last week, John Williams of Shadow Government Statistics predicted on USAWatchdog that the unemployment number would be worse than expected.  He said in an interview, “The risk is on the upside because the economy is weaker than consensus.”    Williams

We Rescued The Top And Told The Bottom To Kiss Off!

By Greg Hunter’s USAWatchdog.com   The following video was on the Friday MSNBC  “Morning Joe” program.  It features the Chair of the Congressional Oversight Panel, Elizabeth Warren.  This group is supposed to monitor the bank bailout.  Warren is a Harvard Law professor that specializes

The Government Approved Carry Trade and Free Money

By Greg Hunter’s USAWatchdog.com   Mixed in with all the happy talk about better than expected jobless claims and high productivity numbers was this story.  (CNNMoney.com) – “The Federal Reserve kept its key interest rate near zero once again Wednesday.”   I think this

Unemployment And A New Stimulus Bill

 By Greg Hunter’s USAWatchdog.com    The latest unemployment number will be released by the Bureau of Labor Statistics on Friday.  The consensus is it will be slightly higher than last month.   I interviewed John Williams, an economist at shadowstats.com.  He predicts, “The

What the Big Headline Should be Today

By Greg Hunter’s USAWatchdog.com   The headline today will probably be something like “Big Republican Wins on Election Day!”   Bob McDonnell won the Virginia Governor’s job and Chris Christie (left) unseated Democrat Jon Corzine for Governor in New Jersey.   I am sure there are going

CIT Bankruptcy Dire for Main Street

By Greg Hunter’s USAWatchdog.com   It is official, CIT filed for bankruptcy protection Sunday night (11/01/09).  This was not a surprise because the lender had been having financial trouble for months.  The government tried to save CIT with a 2.3 billion dollar bailout last fall.  Now that