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Weekly News Wrap-Up 3.30.12

Financial Collapse by 2015, $5 Gas and More: Weekly News Wrap-UpBy Greg Hunter’s USAWatchdog.com 

A budget has been passed in the House of Representatives by the Republicans that cut $5.3 trillion over the next 10 years.  Can it pass the Senate where the Democrats are in control?  Probably not, and that means we are back to the fight of spending reductions by Republicans and tax increases by the Democrats.  It’s election year politics at its finest.  The budget proposed by President Obama was unanimously defeated in the House.  (more…)

Cartoons Explain Fed Chief’s Actions

By Greg Hunter’s USAWatchdog.com 

The folks at Reachwest News Networks (RNN) had some really interesting cartoons, this week, explaining the words and actions of Fed Chief Ben Bernanke.  Bernanke hinted this week at more money printing (QE3).  There is also a new lecture series where Bernanke is basically bashing gold and a gold standard.  (more…)

Recovery? Housing says it’s a Hoax

By Greg Hunter’s USAWatchdog.com 

Watching the financial channels yesterday, I could not tell you how many times the word “recovery” was used.   Sure, the stock market is up, but that is compliments of the Federal Reserve.  Since the 2008 financial meltdown, we’ve had a money printing extravaganza.  There was QE1, QE2, Operation Twist, dollar swaps with Europe and 0% interest rates (on a key rate) through 2014.  Of course the stock market is up, it loves free money.  (more…)

Could U.S. Dollar take Big Hit by Summer?

By Greg Hunter’s USAWatchdog.com 

There are plenty of reasons why the U.S. dollar is under downward pressure.  There have been massive bailouts of the global banking system by the Federal Reserve, exploding deficits and a movement globally to move away from doing business in dollars.  Now, there is a new threat, and it is being pushed by U.S. foreign policy with Iran.  (more…)

More Bad News for the Dollar

Greg Hunter’s USAWatchdog.com 

Buying gasoline these days has turned into a horror show.  I filled up my car and handed the attendant a $50 bill to turn the pump on.  I had a little more than a quarter of a tank.  So, I thought that would do the trick and peg the needle past full with change to spare.  I was wrong.  I stood in shock as the pump rolled right past $40 and up to $50.  The car (which is a Buick Lacrosse) was still not quite full.  I thought, $50 is not enough to fill up a standard size car with already more than a quarter of a tank?  (more…)

Weekly News Wrap-Up 3.23.12

Military Coup in China, Russian Special Forces in Syria, NDRP & MoreBy Greg Hunter’s USAWatchdog.com 

The top story on the USA Today Newspaper was titled “NFL’s Big Hit.”  I could not believe this was their lead.  This week, there were several stories that I think should have taken its place as the single most important thing Americans should know about.  (more…)

Dollar Quietly and Continually Under Attack

Greg Hunter’s USAWatchdog.com 

If you listen to the mainstream media, you would think that we are in a recovery and the future of the U.S. dollar’s reign as world reserve currency is not in jeopardy.  But a look on alternative news sites tells a different story.  The dollar is quietly under attack, and the latest assault comes from Brazil, Russia, India, China and South Africa (aka BRICS) who want to start a joint bank.  The dollar (as a reserve currency) does not really benefit the BRICS, but it is a necessary evil for international trade—at the moment.  (more…)

It’s All About Control

National Defense Resources Preparedness - NDRP OrderBy Greg Hunter’s USAWatchdog.com  (Revised)

Ever since the original Patriot Act was passed by Congress in 2001, American civil liberties have steadily shrunk and government control has steadily grown.  In a financial crisis, your bank or brokerage can severely restrict the amount of money you can withdraw from your accounts.  The government can now assassinate so-called terrorists anywhere in the world, including on U.S. soil.    (more…)

Nigel Farage Strikes Again

By Greg Hunter’s USAWatchdog.com

I suspect most of the Members of the European Parliament really despise Nigel Farage.  Farage  represents the United Kingdom, and even though the UK is a member of the EU, it does not use the Euro as its currency.  Farage is a straight talking truth-teller and says things about the latest Greek bailout such as (more…)

Karl Denninger–EU Debt Crisis and Coming Financial Crash

By Greg Hunter’s USAWatchdog.com   

Plenty of financial news was made last week which gave us lots of questions for Karl Denninger.  It seems almost every week, there is a major story coming out of Wall Street, Washington D.C. or from the other side of the Atlantic.  Greg Hunter talks to Karl Denninger of Market-Ticker.com to get some answers.  (more…)

Weekly News Wrap-Up 3.16.12

By Greg Hunter’s USAWatchdog.com 

Israel and Iran are, once again, the big stories this week.  The Prime Minister of Israel, Benjamin Netanyahu, basically said he doesn’t need the blessing of the U.S. to attack Iran’s nuclear sites.  Meanwhile, the U.S. has given Iran a “last chance” ultimatum to work out a peace deal with its nuclear program or be attacked by the end of the year.  Can war be far away?  (more…)

More on CME, CDS and Iran

The nice folks at RNN gave me and USAWatchdog.com a nice plug.  It, also, broke some news that was basically ignored by the MSM this week.  The U.S. gave Iran a “last chance” ultimatum about its nuclear program.  This is a cartoon, but what it is talking about is anything but funny.  (more…)

Is the Greek Debt Problem Really Solved?

By Greg Hunter’s USAWatchdog.com 

Yesterday, a short but ominous press release was issued at the Commodities Futures Trading Commission.  It said, “At the request of CME Clearing Europe Limited (CMECEL), pursuant to Section 7 of the Commodity Exchange Act, the Commodity Futures Trading Commission issued an Order on March 13, 2012, vacating the registration of CMECEL as a derivatives clearing organization.”   (more…)

U.S. Deficit Growing–Not Tax Receipts

Monday’s post closed with, “. . . The nonpartisan agency projected the government will run a deficit of $229 billion in February, the highest monthly figure ever.”  (Click here for the complete report from the Washington Times.)    That means the government spent nearly $8 billion more than it took in each and every day of last month (29 days).  (more…)

Collapse Coming–Not Recovery

By Greg Hunter’s USAWatchdog.com   (Revised)

The way the latest unemployment numbers were reported by the mainstream media (MSM), you would think the Great Recession was over and the United States was solidly on the road to recovery.  The Associated Press reported the numbers by the Bureau of Labor Statistics (BLS) with a story that said (more…)