If the economy was doing so well, the Federal Reserve would not be announcing (last week) an extension of its zero interest rate policy until the end of 2014.  If the economy was truly in a real recovery the Fed would be hiking interest rates instead of giving away money for virtually nothing.  It is just not the U.S. that is doing badly, but the rest of the world is also tanking.  Just look shipping traffic around the globe.

By Greg Hunter’s USAWatchdog.com 
The Federal Reserve announced, this week, that it was keeping interest rates at near zero percent until at least 2014.  It sure doesn’t look like the so-called “recovery” is going very well.  The Fed also said it may “stimulate” the economy soon.  Print baby print—you wonder why gold has been rising in price? 

By Greg Hunter’s USAWatchdog.com
 I think most people are simply oblivious to the enormous dangers the world economy faces.  Oh, I think we will all get through Christmas and New Years without a meltdown, but all bets are off in 2012.  A new acquaintance of mine told me last Friday, “Isn’t the economy getting better?”  I just looked at her and shook my head in the negative. 

By Greg Hunter’s USAWatchdog.com 
The European Union is frantically trying to come up with a plan to fix the debt crisis that is threatening to cause a worldwide financial calamity.  It seems every day there’s a new idea to save the union.  The latest is some sort of backdoor bailout through the International Monetary Fund (IMF).  Why doesn’t the European Central Bank (ECB) just take care of the bailout by itself? 

By Greg Hunter’s USAWatchdog.com
If you listen to the narrative coming from the right, you would think the Occupy Wall Street (OWS) protesters were social deviants.  Sean Hannity said on his show last week, “What have we seen here, violence, rape, arson, destruction of property, sex in public, masturbation in public, naked people, drugs, drug paraphernalia, anti-Americanism, anti-Semitism, anti-capitalism.” 

By Greg Hunter’s USAWatchdog.com
Something a little different today.  I have three videos for you to watch.  The first features a guy named Eddie Hobbs.  He is a financial planner and expert from Ireland.  In recent weeks, some of my stories have indicated there could be bank runs in the EU.  Last week, Mr. Hobbs confirmed the wealthy are indeed taking money out of EU countries with sour sovereign debt. 

By Greg Hunter’s USAWatchdog.com 
What is going on in the world today is both frightening and historic.  It is frightening because the amount of debt accumulated is orders of magnitude more than ever before.  It is historic because the way this finally shakes out will be considered a major turning point in modern history.  I see this, but most people in the world are either in denial, delusional or just a victim of disinformation by the mainstream media (MSM). 

By Greg Hunter’s USAWatchdog.com 
What started out as a little insignificant protest that the mainstream media tried to ignore (or at least downplay) has turned into a global phenomenon in a little less than a month.  One of the many headlines that featured the protesters of the Occupy Wall Street (OWS) movement this past weekend said “From Tahrir Square to Times Square: Protests Erupt in Over 1,500 Cities Worldwide.”

By Greg Hunter’s USAWatchdog.com 
When?  That’s the question that is on the minds of people following the economy.  When will the “you know what” hit the fan and we start another global meltdown.  I am not going to string you along.  I will tell you right now, I don’t know.  I will tell you the headlines I read and the things I am hearing from people in power around the globe say we are in deep danger.  The time is close. 

Greg Hunter’s USAWatchdog.com 
I, and many others, have said when it comes to the economy, nothing has been fixed.  I thought Federal Reserve Chief Ben Bernanke underscored that fact when he spoke yesterday in Washington D.C. for the Joint Economic Committee.  Mr. Bernanke said in prepared remarks, “There have been some positive developments: The functioning of financial markets and the banking system in the United States has improved significantly.”