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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…)

Nation of Denial

By Greg Hunter’s USAWatchdog.com 

There is no bigger sign post about the state of the U.S. economy than the Federal Reserve’s announcement in September of “open ended” QE.  This is unlimited money printing that is being done by the Fed until further notice.  All the talk of the so-called “recovery” was reduced to a gigantic lie perpetrated on the American people.  (more…)

Real Fiscal Cliff-Currency and Bond Collapse-Michael Pento

By Greg Hunter’s USAWatchdog.com         

Economist Michael Pento says forget the “Fiscal Cliff” you have been told about.  Pento charges, “The real ‘Fiscal Cliff’ is the coming currency and bond market collapse.”  Pento says if we stay on our current path, “We are in for an interest rate shock that will make the Great Depression look like the days of wine and roses.”  (more…)

Weekly News Wrap-Up 10.26.12

By Greg Hunter’s USAWatchdog.com 

The third and final Presidential debate was this week, and I thought it was a draw.  Neither Romney nor Obama scored a knockout blow.  I can’t believe we had these debates and not a single question was asked about the $85 billion a month being printed by the Fed.  This is unprecedented in human history.  What could go wrong?  

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Nigel Farage-Another EU Beat Down

By Greg Hunter’s USAWatchdog.com   It seems the problems in the European Union are far worse than most Americans realize.  The economic problems there are turning into problems of tyranny.  It appears Europe is losing its sovereignty to the bankers.  Most in the U.S. have no idea what’s really going on there. Nigel Farage MEP (Member of the European Parliament) knows.  This week, he gave another tongue lashing to his EU counterparts on how the fiscal crisis is being used to thwart freedom in Europe.  You will never see Mr. Farage on mainstream television in the U.S.  You have to ask yourself why not?  (more…)

Dollar Sell-off and Hyperinflation by 2014 – John Williams

Greg Hunter’s USAWatchdog.com              

Economist John Williams says the latest round of “open-ended” QE has set the table for a global “dollar sell-off” and “hyperinflation” no later than 2014.  Williams says, “There’s no way the consumer can fuel the economic recovery, and there is no way we’re going to see one in the near future.”  Williams predicts, “The Treasury is going to have funding problems, and that means the deficit gets a lot worse.” 

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Massive Foreclosures after Election-Fabian Calvo

By Greg Hunter’s USAWatchdog.com 

Fabian Calvo buys and sells a $100 million worth of distressed mortgage debt and property a year.  He says, “We haven’t even scratched the surface of being at the bottom of the housing market.”   (more…)

Weekly News Wrap-Up 10.19.12

Greg Hunter’s USAWatchdog.com 

The big story this week was Round 2 of the Presidential Debates.  Obama was on his game, but I still have to give a light edge to Romney on the pounding he gave the President on the rotten economy.  That said, I wish I could have asked a few questions of the candidates.  Here’s three I would have asked:   (more…)

Bet Against Debt-Greg Mannarino

Greg Hunter’s USAWatchdog.com 

Financial analyst Greg Mannarino says the latest GDP number “. . . is a farce . . . I don’t think we’re growing at all.”   Mannarino says what we do have is growing inflation.  He thinks, “The dollar is in a terminal phase,” and everyone should “bet against debt” with gold and silver. 

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Bonds Next Killing Field of Investments-Tom Cloud

Greg Hunter’s USAWatchdog.com 

Hard asset expert Tom Cloud has more than three decades of hard asset experience and more than 2,000 high-net-worth clients.  Cloud says the rich are putting “45% of their wealth into hard assets” like gold and silver.  Cloud says his clients “. . . fear there’s going to be a new currency . . . they know gold will win no matter what.”  Cloud’s clients think the dollar’s days are numbered as the “petro currency.”  When oil is traded globally in other currencies, Cloud says, “The dollar is going to fall off the table, everybody agrees on that.”  Cloud thinks that could happen in less than “18 months.”  When the dollar plunges, interest rates will spike, and Cloud predicts, “Bonds are the next killing field of investments.”   Cloud is confident, “Gold will double in less than 4 years.”  (more…)

Weekly News Wrap-Up 10.12.12

Greg Hunter’s USAWatchdog.com 

The Vice Presidential debate was this week, and it was supposed to get into the real down and dirty numbers.  Vice Presidents rarely make a difference in the outcome of a Presidential election, so who cares who won.  I am focusing on what is not said, and both parties conveniently leave out the $85 billion a month the Fed is printing to bail out bankers and suppress interest rates.  (more…)