By Greg Hunter
USAWatchdog.com
Last week, three stories acted as signposts for the direction of the U.S. Dollar value.  The first is about a letter President Obama sent to members of the G20 (Group of 20 major industrial countries) in advance of next weekend’s meeting in Canada.  The President’s letter asked members to “reaffirm our unity of purpose to provide the policy support necessary to keep economic growth strong.” 

By Greg Hunter
USAWatchdog.com
 
We would all like to think the U.S. will not suffer the same problems as Greece.  I am talking about drastic spending cuts to just about everything.  Teachers, police pensions and social programs are all going to take big cuts whether the Greeks like it or not.  It is not just the Greeks in financial trouble, but all of Europe.  You know it is bad when former Fed Chief Paul Volcker says, “You have the great problem of a potential disintegration of the euro.”  (Click here to see …

By Greg Hunter
USAWatchdog.com 
The Western financial world is officially in full panic mode.  A nearly $1 trillion bailout of Greece confirms that fact.  Our very own Federal Reserve is providing billions to the effort, but this is much more than a bailout for Greece.  It is a bailout for banks holding Greek debt and the debt of other European nations teetering on default. 

By Greg Hunter
USAWatchdog.com   
There was lots of talk this week about financial reform for Wall Street.  The President gave a speech yesterday on the legislation that is making its way through the Senate.  Obama said, “It is essential that we learn from the lessons of this crisis so we don’t doom ourselves to repeat it and, make no mistake, that is exactly what will happen if we allow this moment to pass

By Greg Hunter 
USAWatchdog.com 
In the classic 70’s Watergate movie, All the President’s Men, the secret informant, Deep Throat, said, “Follow the money.”  It was how reporters Woodward and Bernstein figured out what was really going on in the Nixon White House.  If you want to figure out what is really going on in the economy, you do the same thing—follow the money.   

By Greg Hunter   
The one surefire economic prediction I can make is we are going to have big inflation.  Already, (real) inflation is running at 9.4% according to shadowstats.com (calculated the way Bureau of Labor Statistics did it in 1980).   The mainstream media seems to be finally catching on to this theme.  In the last week or so, Forbes ran a story called “Prepare for inflation.” (Click here for the Forbes article.)  Just last week, CNN penned an article called “The coming inflation wave.”  (Click here for the CNN story.)  Whether …

 By Greg Hunter 
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 London …

By Greg Hunter   
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 street …

By Greg Hunter  
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 …

By Greg Hunter  (updated 3/5/10) 
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.