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Weekly News Wrap-Up 8/19/11

Greg Hunter’s USAWatchdog.com Another 400 point drop in the Dow yesterday and all I can say is here we go again!  Many are asking what’s going on?  It is two big things.  Nothing has been fixed since the financial meltdown of

0% Interest Rates Lock in Inflation

By Greg Hunter’s USAWatchdog.com  The decision by the Fed, last week, to keep a key interest rate at near zero percent for 2 years is historic because the Fed has never done this before.  This action will have profound negative effect

Weekly News Wrap-Up 8/5/11

By Greg Hunter’s USAWatchdog.com The big drop in the Dow is the result of a global solvency crisis.  The U.S. is spending money by the trillions,  and Europe is headed for a crash touched off by Italian debt.  The economy is

Debt Downgrade, Not Default, is the Problem

By Greg Hunter’s USAWatchdog.com  Watching the debt negotiations is like watching two stubborn people headed over a waterfall.  Both are too blockheaded to steer the boat towards land on the left or the right.  So, both go over the edge and

Robo-Signing Banks Not Off Hook

By Greg Hunter’s USAWatchdog.com  Last week, this story from Reuters really got me upset.  The headline read: “States negotiating immunity for banks over foreclosures.”  The story said, “A coalition of all 50 states’ attorneys general has been negotiating settlements with five

Running out of Runway

Greg Hunter’s USAWatchdog.com  It looks like even the mainstream media (MSM) can see a calamity if we are right on top of one.  Finally, the dire debt ceiling negotiations between Congress and the White House were covered wall-to-wall on all the

Weekly News Wrap-Up 7/22/11

By Greg Hunter’s USAWatchdog.com    “Deal or No Deal.”  That’s what I am now calling the debt ceiling debate between Congress and the White House.  I said last week that it is going to be tough getting tax increases and spending cuts

Default or No Default, Deal or No Deal

By Greg Hunters USAWatchdog.com I have been telling you for the past few days that I am not so sure Congress and the White House will get a debt ceiling deal done to avoid default on August 2nd.  The grand plan was to

Murdoch Media Misdirection

By Greg Hunter’s USAWatchdog.com  Yesterday, there was a UK hearing featuring father and son executives Rupert and James Murdoch over alleged phone hacking.  The spectacle was covered wall-to-wall by most cable news outlets.  Channel surfing, I realized that at one point,

Gloves Come Off in Debt Ceiling Fight

Greg Hunter’s USAWatchdog.com The gloves came off in the fight over raising the debt ceiling yesterday.  On CBS News, the President basically threatened to cut off Social Security checks by August 3rd if a deal was not reached.  Mr. Obama said

Plunging Fuel Prices Will Not Last

Towards the end of June, the International Energy Agency (IEA) announced a plan to release 60 million barrels of oil to combat the high prices brought on by the Libyan crisis.  That’s about 2 million barrels a day since June 23. 

Weekly News Wrap-Up 7/1/11

Greg Hunter’s USAWatchdog.com Greece is back in the news again because it voted for tax hikes and government cuts to pay back the greedy bankers.  It has been widely reported that this simply buys time.  Many experts say Greece will default in time because

The Weekly News Wrap-Up 6/24/11

By Greg Hunter’s USAWatchdog.com From Greek debt to U.S. debt the world is struggling to pay it’s bills.  In Greece it is really a battle between bankers who made reckless loans and people to become debt slaves to pay them back. 

Playing with Debt Nukes

By Greg Hunter’s USAWatchdog.com The situation in Greece is bleak.   Sure, the Prime Minister, George Papandreou survived a confidence vote yesterday, but he is a long way from solving the debt crisis in his tiny country.  The public debt totals $500

Print More Money

By Greg Hunter’s USAWatchdog.com The second round of quantitative easing (QE2) is scheduled to end June 30, and already there are calls for more financial stimulus to keep the economy from falling off a cliff.  The latest call came from Larry