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Articles Archive for March 2010

Economy, News »

[31 Mar 2010 | 13 Comments | ]

By Greg Hunter’s USAWatchdog.com 
Alf Field has been called the “world’s best gold analyst.”  He is best known for his many spot-on predictions in the precious metals market.  Field has written extensively on debt, the dollar and has predicted the gold price per ounce will reach $10,000.  Before you laugh, the “paper” gold market was cited as a “Ponzi Scheme” at last week’s Commodity Futures Trading Commission hearing on increased transparency for the market.  A recent story on “Zero Hedge” covering the CFTC hearing documents the big bomb dropped about the …

Economy, News, Politics »

[29 Mar 2010 | 46 Comments | ]

By Greg Hunter’s USAWatchdog.com    
One of my consistent views on this site is “real” inflation is much higher than what the government is telling us.  For example, recently the Bureau of Labor Statistics announced February’s inflation number (CPI) was “unchanged” at a 2.1% annual rate.   Over the years, the BLS has changed the way it calculates inflation by using accounting gimmicks that understate what most people would consider the true cost of living.  So, the government inflation numbers of today make inflation look much lower than it really is for main …

Media »

[26 Mar 2010 | 14 Comments | ]

This is a sobering article written by Paul Craig Roberts, a former Deputy Treasury Secretary under the Reagan Administration.  It is the last one Roberts, who has been writing syndicated columns for years,  says he will write!  I emailed Roberts to get permission to reprint his work, and I also asked him why he is, in his words “signing off”?  Roberts sent back this two line reply, “Yes, you can reprint.   I signed off because I came to the conclusion that it is futile to protest war and the police state as long as the 9/11 …

Media »

[24 Mar 2010 | 25 Comments | ]

 By Greg Hunter’s USAWatchdog.com    
I was a guest yesterday on the nationally syndicated radio show, Coast to Coast AM.  It airs on 500 radio stations in America, Canada and Mexico.  I received several dozen emails and comments, along with thousands of new visitors to the USAWatchdog.com site as a result of the appearance. 

Media »

[22 Mar 2010 | 31 Comments | ]

By Greg Hunter’s USAWatchdog.com   
It took some arm twisting, political payoffs and a promise not to publicly fund abortion to get health care reform passed.  There is still plenty to do on what is called the “fix” to the bill in the Senate.  This “fix,” whether or not passed, will not stop the biggest social legislation since Medicare to be signed into law.  There are several state attorneys general that will challenge this new reform under the Tenth Amendment (States Rights).  I am not sure legal action can stop this new …

Media »

[19 Mar 2010 | 14 Comments | ]

By Greg Hunter   
The Health Care Reform Reconciliation pakage making its way through Congress is shaping up to be an enormous battle.  The amount written and said about this legislation could fill a wing in the library of Congress.  The Republicans think it is “too expensive” and point out every accounting gimmick used to get the cost under a trillion dollars.  The Democrats say, “Passage of health care reform is of paramount importance” and point to a $138 billion deficit reduction over 10 years.

Media »

[17 Mar 2010 | 14 Comments | ]

By Greg Hunter’s USAWatchdog.com    
In December of 1997, the National Center for Policy Analysis ran this headline on their website “Social Security Problems Accelerating.”  The article stated, “A recent General Accounting Office report warns that the long-term prospects for the Social Security system may be even worse than we think. It is already well-known that by 2014 current tax revenues will be insufficient to pay current benefits . . .” Looks like the GAO was right. 

Politics »

[15 Mar 2010 | 14 Comments | ]

By Gene Tunney  Guest Writer for Greg Hunter’s USAWatchdog.com   
If you are my age, you know that the title is from a 1971 song by The Who titled “Won’t Get Fooled Again.”  I was certainly fooled in the last Presidential election.   
Even though I was a registered Republican at the time (2008), I could not vote for Senator John McCain.  McCain called off his campaign to go bail out his banker buddies.  Barack Obama voted the exact same way.  Even so, I voted for Barack Obama because I wanted to vote for …

Economy, Media »

[12 Mar 2010 | 7 Comments | ]

By Greg Hunter’s USAWatchdog.com  
Whistleblower Harry Markopolos is on the stump promoting his new book titled “No One Would Listen.” It is about how it took 8 ½ years for the Securities and Exchange Commission to crack down on the Bernie Madoff scam.  Markopolos says he sent letters to the SEC that were “too many to count” in an effort to expose the fraud.  In an interview on “The Daily Show” this week, Markopolos said something about the SEC that really caught my attention.  He said, “They still have all the …

Media »

[10 Mar 2010 | 14 Comments | ]

By Greg Hunter’s USAWatchdog.com    
The Congressional Budget Office says Health Care reform will Cost $1 trillion over the next 10 years.  The White House says it will “save “money.  Republican Senator Mitch McConnell said just a few days ago the tab will be $2.5 trillion over the next decade!  Who is right?  I don’t think anybody really knows.  When it comes right down to it, everybody’s guessing.     

Media »

[8 Mar 2010 | One Comment | ]

By Gene Tunney 
Guest Writer for Greg Hunter’s USAWatchdog.com   
You and I are in the Taxpayer Club. We are the working class of America; you know, the part that has to pay for the stimulus programs and Wall Street bailouts. We are the club that gets stuck paying the bill for excessive government. We have to work thirty or forty years to retire while bailed out bankers knock down million dollar bonuses.   While the Taxpayer Club is getting poorer, there is another club in America getting wealthier– the Government Club.   

Economy »

[5 Mar 2010 | 15 Comments | ]

By Greg Hunter’s USAWatchdog.com  
It appeared one of the President’s top economic advisors, Larry Summers, was trying to do a preemptive strike against what may be some bad unemployment numbers.  If unemployment is up, blame harsh winter weather!  John Williams, an economist from shadowstats.com (also known as Shadow Government Statistics), feels just the opposite. 

Media, Politics »

[3 Mar 2010 | 17 Comments | ]

By Brian Sussman
Guest Writer for Greg Hunter’s USAWatchdog.com 
I love working in talk radio; the audience is so smart it’s scary.   
President Obama’s 2010 budget had just been released, when, at the conclusion of a broadcast, a passionate caller named Madeline told me about the backdoor tax increase contained in our nation’s financial plan.   

Economy »

[1 Mar 2010 | 7 Comments | ]

By Greg Hunter’s USAWatchdog.com 
Many people I talk to and hear from are having a really hard time grasping how severe the real estate crisis is in America.  Let me sum up how bad the problem  is in one simple  sentence.  The real estate market (both residential and commercial) is the worst EVER!   According to Yale Economics Professor Robert Shiller, the real estate boom a few years ago was the biggest in history!  The bust we find ourselves in now will, also, be the biggest in history.