By Greg Hunter’s USAWatchdog.com 
The big story was the meeting between the Prime Minister of Israel and the President of the United States on Monday.  Netanyahu told Obama in no uncertain terms that he was tired of waiting to attack Iran over its nuclear program.  Iran has said repeatedly it is for the peaceful production of energy, but Israel is not buying it. 

In my mind, ever since Financial Accounting Standards Board (FASB) allowed the banks to value things like mortgage-backed securities and real estate at whatever  they think they will be worth in the future, the system was insolvent.  The banking insolvency problem in America is so profound (FASB) changed the accounting rules in April of 2009 to cover it up.  In short the big banks,who control most of the assets in this country, are a mess and the system needs to be fixed. 

By Greg Hunter’s USAWatchdog.com 
On Monday, President Obama and Israeli Prime Minister Benjamin Netanyahu met in the White House to discuss how they were going to handle Iran’s nuclear program.   I think the meeting was a disaster for anyone who thinks we are on the way to settling the situation with sanctions and diplomacy.  The President wants to give sanctions against Iranian banking and petroleum exports a chance to work.  They are harsh and getting rougher by the month. 

By Greg Hunter’s USAWatchdog.com 
There are more ways for the world economy to get much worse than there are ways for it to get better. One landmine waiting to be stepped on is the Greek sovereign debt.  The IMF and the European Central Bank are running the show, and the deal on the table now requires bondholders to voluntarily take steep cuts. 

By Greg Hunter’s USAWatchdog.com  (Revised)
Subprime lending is back, and it is creating headlines like: “February auto sales rise to highest level in 4 years.”  That comes from a story last week from Reuters.  Reuters goes on to say, “U.S. auto sales rose nearly 16 percent in February and the annual sales rate leapt to its best level in four years . . . For a second month in a row, sales surpassed even the most optimistic expectations. 

Greg Hunter’s USAWatchdog.com 
The Middle East is hot and getting hotter.  Reports are out that the Pentagon is preparing aerial refueling for Israeli Jets.  U.S. military, also, now says it has what it takes to knock out Iran’s deep bunkers hiding its nuclear program.  Secretary of State Hillary Clinton says, once again, this past week, the President’s policy is “to prevent Iran from having nuclear weapons capability.”