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Weekly News Wrap-Up 1.4.13

11By Greg Hunter’s USAWatchdog.com 

The Fiscal Cliff turned into a can kick on tax policy.  Yes, they averted some nasty tax increases for many Americans, but there were zero spending cuts.  In fact, the legislation added $4 trillion in debt!!!   I’d say President Obama won round one, but not by much.  I have to give a little credit to Democrats and Republicans for the compromise, but this is still the “blame game theater.”  (more…)

Gerald Celente on 2013, Gold and Silver and WW III

CelenteBy Greg Hunter’s USAWatchdog.com 

Trends forecaster Gerald Celente predicts the global financial system will continue to be propped up.  Celente says, “The scheme continues to go, the scheme being dumping cheap money into the system to perpetuate an economy that should have crashed in 2008.  So, for 2013, our best shot is more of the same, but worse.”  (more…)

Weekly News Wrap-Up 12.28.12

11By Greg Hunter’s USAWatchdog.com 

There are just two stories that should be on everybody’s radar this week.  The first is the “Fiscal Cliff” or, as I like to call, it the “Blame Game Theater.”  The other big story is the Middle East.  Both of these stories are multi-faceted.  The “Fiscal Cliff” should be of great interest to all Americans.  (more…)

Bagmen Not Statesmen

11By Greg Hunter’s USAWatchdog.com 

What has been going on in Washington, D.C., since the financial meltdown of 2008 has been a disaster for the country.  Taxpayers bailed out crooked, incompetent bankers while tens of millions lost their homes and jobs.  The bailouts have cost trillions of dollars, and they’re not finished.  The Federal Reserve has set a key interest rate to near zero percent until 2015, and it is printing $85 billion a month to prop up the banks and our own government.  (more…)

Best Thing is go Straight off Fiscal Cliff-Karl Denninger

Karl_Denninger_Interview_Financial_Crisis_2012By Greg Hunter’s USAWatchdog.com 

Analyst Karl Denninger says, “The best thing we could do as an economy is go straight off the fiscal cliff and not come back because that would take about half of the deficit off the table immediately.”  The reason why the U.S. deficit is so large, according to Denninger, “Both sides want to spend more than they take in in taxes.”  Denninger says the Federal Reserve enables the U.S. to live well beyond its means.  (more…)

Weekly News Wrap-Up 12.21.12

2By Greg Hunter’s USAWatchdog.com 

Don’t expect a debt deal Christmas present.  It ain’t going to happen.  This is a political football. It is also about putting blame on the other party and getting a deal that hurts the other party’s base the worst.  Solving this debt crisis problem will involve real pain and sacrifice if we ever want to balance the budget.  (more…)

We’re Going to be in a New Recession-John Williams

WILLIAMS_092_wade.JPGBy Greg Hunter’s USAWatchdog.com 

Economist John Williams thinks the economy is in worse shape than most people think.  In 2013, Williams predicts, “As this goes forward, you’re going to see we’re going to be in a new recession.”  The Federal Reserve announced last week it is now printing a total of $85 billion every month to reduce unemployment and stimulate the economy.  Williams says, “That’s nonsense. . . . There’s nothing they can do to stimulate the economy.”  Williams has long contended the Fed is really just using the weak economy to continue to prop up the banking system.  (more…)

Global Growth Will Never Return to its Glory Days-Chris Martenson

By Greg Hunter’s USAWatchdog.com  

Chris Martenson of PeakProsperity.com says, “We have an economy that requires constant exponential growth . . . that won’t happen.  We’re on an unsustainable course.”  Martenson says the next 20 years will look nothing like the last 20 years.  He predicts, “The crisis really is going to belong to the people who don’t see it coming.”   (more…)

Weekly News Wrap-Up 12.14.12

By Greg Hunter’s USAWatchdog.com 

The Fed made it official, this week, with continuation of money printing to infinity.  The Federal Reserve is now engaged in $85 billion a month in pure QE.  It is continuing to buy the sour mortgaged-backed securities at a rate of $40 billion a month from the big banks, and it is now directly buying $45 billion a month of U.S. government debt.  (more…)

America is Going to Crash Big Time-Paul Craig Roberts

By Greg Hunter’s USAWatchdog.com 

Paul Craig Roberts was Assistant Treasury Secretary in the Reagan Administration, and he warns, “America is going to crash big time.”  Dr. Roberts says, “The real problem is not the fiscal cliff.”  The dollar is on very thin ice.  (more…)

Cash is Going Out of Style-Gregory Mannarino

By Greg Hunter’s USAWatchdog.com 

Financial analyst Gregory Mannarino says, “The Federal Reserve is going to print into oblivion.  Why?  Because cash is going out of style.”  It was recently reported the Fed is buying 90% of U.S. Treasuries.  Mannarino contends, “The Federal Reserve has to go out and buy Treasury bonds.  If they don’t do this, it’s over . . .  the system collapses.  The Fed is now the lender of last resort.”  (more…)

Weekly News Wrap-Up 12.07.12

Greg Hunter’s USAWatchdog.com 

Once again, there are two multifaceted stories dominating the news.  They are the Middle East and the U.S. financial crisis.  Syria is in a full blown civil war, and it is spilling out into Turkey and Lebanon.  So far, 40,000 Syrians have been killed in this conflict.  The President warned the increasingly desperate Assad regime not to use chemical weapons.  (more…)

Gold is the Anti-Bubble-Jim Willie

By Greg Hunter’s USAWatchdog.com 

Jim Willie is the editor of the “Hat Trick Letter.”  He has a PhD in statistics and crunches the numbers on things like gold, currencies and bonds.  Jim Willie says, “Gold is the anti-bubble. . . . (more…)

Jon Stewart and the Fiscal Cliff

By Greg Hunter’s USAWatchdog.com

I don’t know about you, but I’m already sick of the so-called “Fiscal Cliff” battle in Congress. That’s the mandatory concoction of tax increases and spending cuts that kick in January 1st if Democrats and Republicans can’t reach a compromise.   Comedian Jon Stewart gave his perspective recently on “The Daily Show.”  I thought he dished the dirt pretty evenly between both parties.  (more…)

Over 20 Million Houses Sitting Vacant-Fabian Calvo

By Greg Hunter’s USAWatchdog.com 

Real estate expert Fabian Calvo says there’s more to the story about rising prices in the housing market than what’s reported by the mainstream media.  Calvo charges, “There’s a tremendous amount of manipulation . . . (more…)