By Greg Hunter’s USAWatchdog.com  
I have been warning about a currency crisis for weeks.  It appears I am not the only one worried about a big drop in value of the dollar.  David Einhorn of Greenlight Capital is also betting on a”currency death spiral.”  Einhorn is no small player.  He runs a 5 billion dollar fund and has a habit of making big calls.  In July, Einhorn sold 4.2 million shares of a gold ETF to buy physical bullion.  Buying physical gold couldn’t be more bearish and negative.  It is also play against the dollar.  Now, …

By Greg Hunter’s USAWatchdog.com  
This week I wrote a post about the announcemment of the recession being over.  Of course my post (Is the Ression over?  Don’t bet on it!)  clearly gave reasons why it is NOT over by a country mile. This story from Reuters on Friday is confirmation we have a long way to go. 
By Leah Schnurr
NEW YORK (Reuters) – U.S. stocks fell on Friday after disappointing results from General Electric Co (GE.N) and Bank of America Corp (BAC.N) demonstrated the road to economic recovery will be bumpy.
GE, which sells …

By Greg Hunter’s USAWatchdog.com  
From John Williams at Shadowstats
- September Annual Inflation -1.3% (CPI-U), 6.1% (SGS)
- CPI-U Inflation Spike Due by Year-End
- No Recovery: September Real Retail Sales Continued
Bottom-Bouncing at Low-Level Plateau
- 10 Years of Retail Sales Growth Gone
shadowstats.com is a paid site that is worth the money for access to real numbers!    shadowstats.com   I do not get paid for plugging this site.

By Greg Hunter’s USAWatchdog.com  
The headline on Reuters this week read, “U.S. recession over, unemployment seen at 10 percent.”  This great news is according to a new survey by the National Association for Business Economics.   Forty-four professional forecasters took part in the assay.  After four straight quarters of declines, 80 percent of them believe the economy was growing again .  I would like to know who the recession is over for because it is not over for main street America.  I would also like to know how the 44 professional forecasters were chosen.  Did …

By Greg Hunter’s USAWatchdog.com  
Everybody is wondering where all of the bailouts and spending are going to take us?  Just a few of the big companies the government has bailed out to keep them from going bankrupt are: General Motors, Chrysler, AIG, Citigroup, Bank of America, Wells Fargo, (all the big banks got some kind of bailout) Fannie Mae and Freddie Mac.  According to Pro Publica, 721 companies have received some sort of financial help from the taxpayer.  If the economy does not improve, many of these companies will require more …

By Greg Hunter’s USAWatchdog.com  
For those of you who think the economy is doing well, gold is saying something altogether different.  Today AU hit a brand new high,  the record gold price is a major warning sign of, at the very least, big inflation coming. 
 …”NEW YORK (MarketWatch) — Gold finished at a new record closing level on Tuesday, after earlier hitting a record intra-day high of $1,045 an ounce, as the dollar slumped on a report suggesting the end of dollar-based oil trading”…(For more on the story click here)

By Greg Hunter’s USAWatchdog.com  
Could a meeting between the President and a Four Star General in Copenhagen signal a turning point in the war against the Taliban?  It has been reported that the NATO Commander in Afghanistan, General Stanley McChrystal, has angered the White House with a series of candid comments about the war that has been going on for 8 years.
When asked if General McChrystal supported proposals to switch to a strategy which used more drone missile strikes and special forces against the enemy, he said it would lead to “Chaos-istan.” …

 By Greg Hunter’s USAWatchdog.com  
The President made a major misstep by going to Copenhagen to pitch the Windy City as host of the 2016 Olympics.  Barack Obama and wife Michelle  made impassionate speeches to urge the IOC to pick Chicago, Illinois, over all other cities in the world as the spot for the games in 7 years.  The U.S. was blown out in the first round of voting.  It was like Mike Tyson knocking out his opponent in the first 10 seconds of a fight.   A not even close, dismal …

By Greg Hunter’s USAWatchdog.com  
A Congressional Hearing was held Friday on H.R. 1207 also known as “Audit the Fed.”  As far as I can tell, there was very little in the mainstream media on this Ron Paul sponsored bill.  290 Congressmen of both parties are behind the bill.  The importance of an audit is profound as the Fed controls the value of money for anyone holding or using dollars.  The Federal Reserve has spent or committed trillions of dollars in the financial meltdown with virtually no accountability.  For example, the Fed …

  By Greg Hunter’s USAWatchdog.com  
The test-firing of a new medium-range surface to surface missile, named Sejil-2, in Semnan in north-eastern Iran on 20 May 2009.
Take a look at today’s headline from Reuters, “Obama Accuses Iran of Building Secret Nuclear Plant.”  This just one day after the Israeli Prime Minister said the U.N.’s most urgent challenge “is to prevent the tyrants of Tehran  from acquiring nuclear weapons.” This is just part of the scolding Benjamin Netanyahu delivered to the General Assembly. The President of the United States was flanked by the Prime Minister of the …

By Greg Hunter’s USAWatchdog.com  
If you look around the world for the countries with the most geopolitical risk, what comes to mind?  Plenty of people would say places such as North Korea, Iraq and Afghanistan.  There is no question these nations are trouble spots for the U.S. and the world, but they pale in comparison to the one eyed jack and the joker of  wild card countries.  The two hot spots that could destroy the fragile world economy, if they destabilize, are the Taliban/Pakistan conflict and the Iran/Israel powder keg over …

By Greg Hunter’s USAWatchdog.com  
The latest plan at the FDIC to replenish its drained insurance fund is to borrow from the people they are supposed to bailout, the banks!  What!?   This smacks of desperation at the FDIC.  You have been hearing since the financial meltdown began that the banks are in trouble and most are severely undercapitalized.   The plan regulators are considering is to have the nation’s healthy banks lend billions of dollars to rescue the FDIC insurance fund that protects bank depositors.
I have some questions about this plan to borrow …

By Greg Hunter’s USAWatchdog.com
The 94th bank of the year was taken over by regulators on Friday.  Irwin Financial Corporation in Kentucky and Indiana cost the FDIC, or you the taxpayer, 850 million dollars.  That is  a lot of money for just one Midwest bank, considering the insurance fund had just 10.4 billion dollars.  Maybe that’s why FDIC Chairman Sheila Bair said, on the same day as the bank failure, she was considering borrowing from a 500 billion dollar line of credit at the Treasury.   Bair said at a global finance summit in Washington, “We are …

By Greg Hunter’s USAWatchdog.com
HR 1207 is a bill,  first sponsored by Congressman Ron Paul  in the U.S. House of Representatives, that will audit the Federal Reserve.  The Federal Reseve has never been audited in it’s 96 year history. Contrary to popular belief,  the Fed is not an arm of the U.S. Government but a subcontractor for monetary policy.  It is the Fed that also produces the money in your pocket, thus the term Federal Reserve Note.  The Bill, as of September 16, has 289 co-sponsors in Congress.  If the Bill is signed into …

“a big, big tax”