By Greg Hunter’s USAWatchdog.com 
Not everyone in Congress thinks it is a good idea to pass a law that will allow indefinite detention of U.S. citizens.  Senator Mike Lee and Representative Justin Amash think the Senate version of the National Defense Authorization Act (NDAA) needs major changes to preserve constitutional rights of all Americans.  Both the House of Representatives and the Senate have passed versions of this bill.  The bill the Senate passed recently (S 1867) is where all the controversy comes from. 

By Greg Hunter’s USAWatchdog.com
Economist Dennis Gartman announced in his newsletter, yesterday, that he has sold all of his gold.  I don’t know if it was physical or paper gold in an ETF (exchange traded fund), but it is gone.  According to Bloomberg, Gartman said, “Since the early autumn here in the Northern Hemisphere gold has failed to make a new high. . . .

Greg Hunter’s USAWatchdog.com 
I watched in amazement today at the Senate Hearing on the collapse of MF Global about 6 weeks ago.  The three top executives testified about what they knew and when they knew it.  CEO Jon Corzine, COO Bradley Abelow and CFO Henri Steenkamp all sat there and, essentially, said none of them knew where $1.2 billion of segregated customer money went.  It might as well have been Moe, Larry and Curly testifying.  

By Greg Hunter’s USAWatchdog.com 
“Disintegration.”  That’s the word both billionaire George Soros and French President Nicolas Sarkozy have recently used to describe what’s going on with the European economic crisis.  It is really a solvency crisis for the big banks there, and leaders are trying desperately to fix the problem.  Last week, 26 European countries agreed to give up sovereignty and vote for new rules on tax and spending and tough sanctions to enforce them. 

By Greg Hunter’s USAWatchdog.com 
There was a big meeting in Europe this week to try and find a solution to the sovereign debt crisis.  The fate of the European Union hangs in the balance.  French President Nicolas Sarkozy said, “Never has the risk of disintegration been greater.”  He was also quoted saying there could be an “explosion” if a solution is not found in the next few weeks.  Former MF Global chief testified in front of Congress and says he has no idea where up to $3 billion of segregated client …

By Greg Hunter’s USAWatchdog.com 
The recent passage of the National Defense Authorization Act (Senate Bill 1867), otherwise known as the “Indefinite Detention Bill,” should scare the heck out of anyone who loves the U.S. Constitution and the Bill of Rights.  This bill effectively hands over control to the military to arrest, torture and even kill terrorists on American soil. 

This weekend 60 Minutes finally did a story about the fact that zero high ranking prosecutions have taken place in the wake of the financial meltdown.  I guess as far as CBS is concerned it is better late than never.  My only question is what in the hell took CBS so long to wake up to this outrageous travesty of justice?  Enormous crimes were committed by the highest ranking members of Wall Street.  This was racketeering on many levels. 

Greg Hunter’s USAWatchdog.com 
More Europe bailout news. Last week, the world was elated with news that the Federal Reserve and five other central banks got together to prop up Eurozone banks drowning on sour sovereign debt, but the crisis is far from over.  The latest scheme is for countries to trade sovereignty over their budgets in return for more bailout money. 

By Greg Hunter’s USAWatchdog.com 
It’s official.  America is now committed to bailing out Europe—again.  The Federal Reserve announced, this week, it would use something called  dollar “swaps” to give EU banks cheap easy money to keep their banks from imploding under the weight of sour sovereign debt.  Some big U.S. banks are also exposed and could end up in bankruptcy, if the EU collapses. 

By Greg Hunter’s USAWatchdog.com
I have never seen, in all my time, so many people holding signs on street corners asking for money, food and work.  My wife spotted a couple in their forties living in their car in the middle of a crowded WalMart parking lot.  I am seeing more of that, too.  I was watching CNBC Monday, and one analyst basically said the economy was good and getting better.  He pointed to the great sales numbers on Black Friday.