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Weekly News Wrap-Up 11.30.12

By Greg Hunter’s USAWatchdog.com 

The two big issues, this week, are the U.S. debt deal and the Middle East.  The debt deal that everyone thinks was in the bag looks like it is nowhere near a done deal.  It all comes down to which parties’ base will be hurt the most.  For the Republicans, it’s tax increases.  In this case, they want to close loopholes and raise a trillion bucks over 10 years.  It’s not a lot of money, but I guess it’s a start.  (more…)

Gold Higher by End of Year-Yra Harris

By Greg Hunter’s USAWatchdog.com

Yra Harris is called a “trader’s trader.”  He says the latest deal on Greek debt is just “pretend and extend. . . . The real problem is Spain because they’re big, they’re in debt and they have 27% unemployment.”  Everyone in the Western world is dealing with the sovereign debt mess by printing money and suppressing interest rates.  (more…)

Climate of Fraud, Negligence, Incompetence and JP Morgan

By Greg Hunter’s USAWatchdog.com 

I was thinking about titling this post “Fire Jamie Dimon.”  I changed my mind because this article is much, much bigger than Mr. Dimon.  This is really an article about the current climate of fraud, negligence and incompetence that is accepted as the new normal.  Dimon and JP Morgan Chase are just the larger-than-life faces of the profound problems that are not getting fixed.  (more…)

Gaza-Israel Fighting, Fiscal Cliff and Debt Ceiling to Infinity

Greg Hunter’s USAWatchdog.com  Weekly News Wrap-Up 11/23/12

A cease-fire was announced earlier this week in the Gaza-Israeli conflict.  Fighting lasted longer than a week and claimed the lives of 140 Palestinians.  Israel counted five dead and more than a dozen wounded.  It is not the “durable outcome” Secretary of State Hillary Clinton was seeking, but at least the bloodshed stopped.  The only question is how long will it be before the shooting starts again.  (more…)

Hyperinflation and Complete Collapse – Nick Barisheff

By Greg Hunter’s USAWatchdog.com 

Asset manager Nick Barisheff says, “There’s never been a fiat currency in history that didn’t end in hyperinflation and complete collapse.”  Barisheff thinks that Treasury Secretary Tim Geithner’s most recent call to have an “unlimited debt ceiling” for the U.S. was “just telling the truth.”  That’s essentially what we have now with “open-ended” money printing by the Fed.  Barisheff adds, “All it’s doing is postponing a problem . . . it makes it bigger and eventually it blows up.”  (more…)

Central Banks’ Gold Likely Gone-Eric Sprott

By Greg Hunter’s USAWatchdog.com  

Money manager Eric Sprott says, “The central banks’ gold is likely gone with no realistic chance of getting it back.”  Don’t expect this revelation to get any coverage by the mainstream media.  In an interview last week, Sprott’s analysis was met with words such as “gold bug” and “conspiracy theory.”  (more…)

Donations Button

By Greg Hunter’s USAWatchdog.com 

During the past few months, I have had several people either comment or email asking if there was a way to support the site with a donation.  I have installed a “Donations” button at the top of the page just under the USAWatchdog.com banner in the black bar.  I want to keep the site subscription free, and an open place to get real news and exchange ideas, but I also have expenses.  (more…)

Weekly News Wrap-Up 11.16.12

By Greg Hunter’s USAWatchdog.com 

This week was dominated by news of former CIA Director General Petraeus’ affair that caused his abrupt resignation as head of the Central Intelligence Agency.  This dwarfs the coverage of the 9/11/12 terror attack in Benghazi, Libya, where our ambassador and three others were assassinated.  Why did this happen?  Were there warning signs?  Many say yes.  (more…)

Greg Hunter Interviewed on Financial Survival Network

By Greg Hunter’s USAWatchdog.com 

I had the pleasure of being interviewed by Kerry Lutz of the Financial Survival Network (FSN).  My motto is “Analyzing the news to give you a clear picture of what’s really going on.”  That’s just what we did earlier this week in the interview.  (more…)

The System Will Collapse, It Must Collapse-Chris Duane

Greg Hunter’s USAWatchdog.com

Chris Duane of TheGreatestTruthNeverTold.com says Hurricane Sandy should be a wakeup call for the entire country. Duane says, “The impact of a dollar collapse will be hundreds, if not thousands, of times more disruptive to life than a two day storm.” Duane goes on to say, “Sandy is a great precursor to help you get your act in gear.” According to Duane, most people are just as unprepared for a dollar calamity as they were for the recent super storm in the Northeast.  (more…)

Reality & Truth Divorced-James Howard Kunstler

Greg Hunter USAWatchdog.com 

Journalist/Author James Howard Kunstler says, “We have epochal divergence between reality and truth . . . When you divorce them from each other, you start to get a society that’s in trouble.”   Kunstler, who cut his teeth at Rolling Stone magazine in the 70’s, has seen plenty, but nothing like what’s going on now.  (more…)

Weekly News Wrap-Up 11.9.12

By Greg Hunter’s USAWatchdog.com 

After $6 billion spent on this election cycle, we have nearly the exact same Republican controlled House and Democratic controlled Senate and, of course, Barack Obama won re-election.  Get ready for more gridlock.  I do think some kind of deal will be made, but there’s no way we get one unless some taxes go up and spending cuts are enacted.  Congress and President have until the end of the year when mandatory cuts and tax increases take effect.  (more…)

MSM Ignored Real Issues

Greg Hunter USAWatchdog.com 

It’s hard to believe how little Americans know about the real issues facing them after $6 billion was spent by both parties getting their message out (a record $2 billion for President alone).  I don’t blame the politicians in this or any election cycle.  After all, why talk about tough issues and choices if you are not pressured to do so.  (more…)

Sandy Damage-$150 to $250 Billion-Rick Ackerman

Greg Hunter’s USAWatchdog.com

Financial analyst and forecaster Rick Ackerman says Hurricane Sandy came at a time when “. . . the U.S. economy is in a mission critical status. . . . All of the positive effects of this spending are 8 to 20 months down the road.”  Ackerman says this disaster is going to be different than in the past because “we’re living off the fatted calf, but the fact is now we’re broke.  Where is all this money going to come from?”   You can forget the current mainstream media estimates of $50 billion in storm damage.  (more…)

Weekly News Wrap-Up 11.2.12

By Greg Hunter’s USAWatchdog.com      

Hurricane Sandy couldn’t have come at a worse time.  The U.S. economy appears to be contracting, and the fourth quarter holiday shopping season in the most populated area of the country has been interrupted.  Now, folks are more worried about pumping sewage laced water out of their towns than buying a new Apple iPod.  Money is going to be diverted to buy generators and paint, not electronics and clothing.  (more…)