By Greg Hunter’s USAWatchdog.com

The U.S. signed on for another war this past weekend with Libya.  The action came after a much hyped U.N. Security Council resolution last week that allowed coalition nations “. . . to take all necessary measures to protect civilians under threat of attack in the country. . .”  The main component of the resolution is to enforce “a no-fly zone” so Libya’s leader, Muammar Gaddafi, cannot use air strikes against his own people.  This seems to be a noble action backed by the U.N. and the …

By Greg Hunter’s USAWatchdog.com  (revised)
The situation in Japan is getting worse, not better. There are shortages in food, fuel and warm dry shelter. To make matters exponentially worse, nuclear power plants there continue to burn out of control and emit high levels of radiation. Japan is a stark reminder of how fast a modern technologically advanced society can be brought to its knees by an unforeseen calamity.

By Greg Hunter’s USAWatchdog.com (revised)
The news from Japan is grim.  At least 10,000 people are reported dead from the killer quake that rocked the island nation last week.  Likely, the death toll will go much higher in the coming days.  There have been at least 3,400 buildings destroyed by the flood of a 3 story tsunami, the 8.9 earth quake or by fire.  Oil refineries were damaged and shut down.  Roads and bridges were destroyed by the quake and the rail system was wiped out in some areas. 

By Greg Hunter’s USAWatchdog.com
This weekend, violence continued to erupt in the Middle East.   In Libya, the Gaddafi government launched counter attacks against the rebels.  Many fear there is a full blown civil war brewing in that oil rich country.
Yemeni loyalists also staged counterattacks against anti-government protesters in hopes of dispersing them.  They used sticks and stones, but still, 25 people were reported injured.

This week, protests in the Middle East continued to take hold in countries such as Bahrain, Algeria, Yemen and even Iran.  Call it Middle East unrest, the pro-democracy movement or people just fed up with dictators in power.
I pray for all men to be free and to have democracy, but freedom and democracy cannot produce energy, rainfall or fertile farm ground.  Those things are necessary for life itself.  A reader sent me a disturbing set of facts about Egypt, the most recent country to topple its dictator.

By Greg Hunter’s USAWatchdog.com
“Egypt will explode.”  That was the reaction on twitter from Mohamed ElBaradei to Hosni Mubarak’s announcement not to resign the Presidency of Egypt.  ElBaradei is a former Director General of the International Atomic Energy Agency and Nobel Peace Prize winner.  Now, he has emerged as a leader of the opposition movement. 

By Greg Hunter’s USAWatchdog.com
The revolution in Egypt has been going on for nearly two weeks.  It is intensifying.  There are reports of gunfire, beatings of foreign journalists and looting.  It is a riveting story because so much is at stake for America.  However, the Egypt saga is sucking up resources and attention away from other stories that are also very important for America. 

By Greg Hunter’s USAWatchdog.com
Just a few weeks ago, an uprising toppled a little known Tunisian leader (President Zine al-Abidine Ben Ali.)  Tunisia is due west of Egypt, separated only by Libya.  About the only thing that seemed newsworthy was the family reportedly took flight with a ton and a half of gold. 

By Greg Hunter’s USAWatchdog.com
Housing starts are a tried and true barometer of business activity.  If there was a real economic recovery going on, housing starts would be, at the very least, edging up.  Please keep in mind the government is providing some of the lowest mortgage rates in a generation.  A 30-year mortgage is around 4.75%.  This week, the Commerce Department reported housing starts were down 4.3% last month.

By Greg Hunter’s USAWatchdog.com
What is happening in the economy is signaling enormous changes for the U.S. and the world.  The scale of what the Federal Reserve is doing is unparalleled in human history.  No country has ever produced so much money and so much debt in such a short amount of time.   The Fed has embarked on another round of money printing (Quantitative Easing or QE2).