By Greg Hunter  
USAWatchdog.com   
There was a lot of talk this week about an improving job market.  It seems everybody is talking up a turnaround in the labor market.  Some CNBC anchors, yesterday, put their usual optimistic spin on the topic of May payroll and unemployment numbers due out today.  Guess what?  The numbers are already looking pretty good but not that good! 

 By Greg Hunter
USAWatchdog.com
I am seeing increasing chatter and stories on the Internet about a coming collapse or calamity.  Below is a list of dire predictions put together on Rense.com.  I have started with just the first two.  The people making the predictions are legitimate and big thinkers. 

By Greg Hunter
USAWatchdog.com   
The runaway gushing oil well in the Gulf of Mexico is an unmitigated national emergency.  The mile deep, broken well is vomiting oil at a rate of at least 56,000 barrels a day according to Steven Wereley, an associate professor of mechanical engineering at Purdue University.  That is 10 times higher than BP’s 5,000 barrel a day estimate. 

By Greg Hunter
USAWatchdog.com   
Both the House of Representatives and the Senate have passed their versions of financial reform legislation.  Now, the process of reconciliation takes place between both bodies of Congress to iron out a final bill the President can sign into law.  There is plenty in the bill such as new consumer protection, increased power given to regulators to prevent systemic risk, and new powers to oversee the $600 trillion derivatives market. 

By Greg Hunter
USAWatchdog.com   
While the stock market was beginning its 376 point plunge yesterday, the Federal Deposit Insurance Corporation was quietly putting the best face it could on a banking system in serious trouble. 

By Greg Hunter
USAWatchdog.com   
A producer friend of mine from my investigative correspondent days at ABC used to say, “There are some people you just can’t help.”  I think it meant that some people were in so deep, were so blind, or were just too block-headed to listen to reason that no matter what you did, or how hard you tried, you would not be able to help them.   My friend is an excellent journalist and producer.  He also has a law degree from Duke University.  I have always been a lot …

By Greg Hunter
USAWatchdog.com   
Recent headlines coming out of the financial world have been jaw dropping.  Here are a few: US faces same problems as Greece, says Bank of England (The Telegraph), World markets rattled by Goldman fraud (The Economic Times), Goldman Sachs faces criminal investigation (Guardian UK), Government Probe into Wall Street Sales Widening (Fox Business),

By Brian Sussman
Guest Writer  
(Mr. Sussman is a Radio Host in San Francisco, CA and has recently released an new book called ”Climategate.”)
In recent weeks while addressing Tea Party rallies here on the left coast, I ask the assembled patriots what appears to be an odd question: “Would all those from the former Soviet Union please raise your hands?”  A notable number of hands are always raised — the San Francisco Bay Area is home to a diverse population.  I then ask another curious question: “What does April 22 signify to you?”  Without exception, …

By Greg Hunter 
USAWatchdog.com    
In the early days of coal mining, canaries acted as a warning that odorless poisonous gas was present.  If there was a dangerous gas build-up, the canary would be the first to keel over.  You can use the “canary in a coal mine” metaphor to describe the situation in today’s financial world.  Greece is the canary. 

 By Greg Hunter
USAWatchdog.com 
Pick a financial fire and you can be sure the U.S. government will hose it down with gallons of money.  AIG, General Motors, Chrysler, insolvent states, FDIC, Fannie, Freddie and all the banks are just a few of the blazes Uncle Sam has sprayed money on.