Just last week, the U.S., Britain and France renewed their pledge to keep military pressure on Moammar Gadhafi with the war in Libya.  What started out as a humanitarian mission has clearly turned into “regime change.”  An Associated Press story reported last week, “In a joint declaration, President Barack Obama, British Prime Minister David Cameron and French President Nicolas Sarkozy say they will not stop the campaign and will ‘remain united.’

By Greg Hunter’s USAWatchdog.com
This week, President Obama gave a speech outlining his plan for long term deficit reduction.  He invited the Republican leadership for what many thought would be some sort of bi-partisan federal budget 2011 solution.  In reality, it was kind of a St. Valentine’s Day massacre because right off the bat, Mr. Obama pulled out the Presidential tommy-gun and started shooting.

By Greg Hunter’s USAWatchdog.com
 
The headline in yesterday’s USA Today read “The World to the Rescue.” It was followed by the sub-headline, “Japan crisis showcases social media’s muscle.” When I saw this, I immediately thought that the nuclear crisis was under control and folks were using the Internet to help the island country recover.
The story said,

There are those who feel some of the leadership of America has sold us down a river of ruin.  After all the bailouts, corruption and malfeasants that has brought a financial catastrophe to America, not a single financial elite has been indicted, let alone gone to jail.  Crimes have surely been committed, but it appears the U.S. Justice Department has turned its back on prosecuting anyone.

By Greg Hunter’s USAWatchdog.com
Gold hit another all-time high yesterday, closing well over $1,450 per ounce.  Silver’s closing price of more than $39 per ounce is the highest it has been in 31 years.  Why the big jump in gold and silver prices?  The answer is pretty scary because there are many reasons precious metals are heading higher.  Let’s start with the most obvious —inflation. 

By Greg Hunter’s USAWatchdog.com 
As I look over the news and try to find the one story that I need to comment on, I am overwhelmed.  I see the nuclear meltdown story in Japan and wonder how it will all turn out.  It is nowhere near under control.  We still do not know the full extent of the damage, but there are traces of radiation showing up in things like milk here in the U.S. 

Today is the day the United States turned over the Libyan no-fly-zone mission to NATO.  This idea sounds absurd to me because the U.S is the backbone of the North Atlantic Treaty Organization.
Former U.N. Ambassador John Bolton said, this week, handing over command and control from the U.S. to NATO was “like handing over from the right hand to the left hand.”

By Greg Hunter’s USAWatchdog.com
Last Friday, I wrote a piece called “Could America be Pushed over the Economic Edge?” It was about how Libya, Japan or even covert economic warfare (from America’s enemies) could push the U.S. into another financial meltdown.  I received a one sentence email from my friend Jim Sinclair that said, “We are way over the edge right now.” His message gave me a sinking feeling.

Last year, I wrote a piece called “We Don’t Have Honest Money.” It’s about how the Fed is debasing our currency.  I wrote, “It is said, when empires fall, one of the first signs of decline is a debasement of the currency.   Long before the Roman Empire fell, its leaders debased the currency.  The debasement was small at first, but over time, precious metals were watered down and coin sizes shrank.  For example, silver coins ended up having so little silver in them they became unpopular and shunned.  A debased …

The world looked like a scary place yesterday for gold and silver investors.  There was a lot of talk about a global economic slowdown.  The price of oil dropped, and gold and silver sold off.  In the grand scheme of things, the correction was quite small.
If there is a slowdown, and there may be, do you think the U.S. Fed is going to stand by and watch the economy crash?  No way!  Expect the Fed printing press to go into high gear and shift from QE2 right into QE3.  The …