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The Weekly News Wrap-Up 6/24/11

By Greg Hunter’s USAWatchdog.com

From Greek debt to U.S. debt the world is struggling to pay it’s bills.  In Greece it is really a battle between bankers who made reckless loans and people to become debt slaves to pay them back.  In America the debt battle continues with the latest talks breaking down over taxes.  You just cannot forget the Middle East and Northern Africa.  (more…)

Playing with Debt Nukes

By Greg Hunter’s USAWatchdog.com

The situation in Greece is bleak.   Sure, the Prime Minister, George Papandreou survived a confidence vote yesterday, but he is a long way from solving the debt crisis in his tiny country.  The public debt totals $500 billion.  The plan is to add another $150 billion or so in debt.  It will be a second bailout package to keep the country afloat. (more…)

What is Money?

I have consistently said since this site went on line that the only thing you can count on when it comes to the economy is inflation.  Economist John Williams of Shadowstats.com says inflation is now running at 11.2%.  To get that number, Williams computes the data the way Bureau of Labor Statistics did it in 1980 (or earlier.)  No accounting gimmicks–just a true measurement of the cost of living, not the cost of existence.  (more…)

The Weekly News Wrap-Up 6/17/11

By Greg Hunter’s USAWatchdog.com

There is a lot to cover in the Weekly Real News Wrap-up this week.  First off, Greek debt problems look like they are going to get ugly, and this could spell problems for Europe and the world.  Looks like Greece will default, we just don’t know how bad it will be.  Bill Gross says the U.S. is in worse shape!  There is a showdown between Congress and the White House over Libya.  Congress wants oversight and the President says it is not necessary.  There was a big defeat for the bankers in the foreclosure world.  It also looks like the mainstream media is finally catching on that the economy is really bad.  The cover of Time Magazine is the latest of the MSM to finally tell you there is NO RECOVERY.  (more…)

Print More Money

By Greg Hunter’s USAWatchdog.com

The second round of quantitative easing (QE2) is scheduled to end June 30, and already there are calls for more financial stimulus to keep the economy from falling off a cliff.  The latest call came from Larry Summers, former head of the Obama Administration’s financial team.  In an Op-Ed piece that ran on Reuters last Sunday, Summers pitched the idea of a $200 billion cut in the payroll tax. (more…)

Mainstream Media Signals Economy Getting Bad

By Greg Hunter’s USAWatchdog.com

It seems the mainstream media (MSM) is waking up from its long sleep.  The dream world of “green shoots” and “recovery” is fading into staggering unemployment and plunging home prices.  Most of us in the real word have known for some time that there is no recovery.  People are not optimistic no matter how many times they are told things are getting better, and a recent poll by the Daily Beast and Newsweek proves it.  (more…)

The Weekly News Wrap-Up 6/10/11

By Greg Hunter’s USAWatchdog.com

I am going to be putting a new segment on the site called  the Weekly News Wrap-up.  I will  be highlighting the important news you need to be watching.  I will not be covering things such as Anthony Weiner and his lewd twitter pics.  I frankly do not care about crap like that and you shouldn’t either. (more…)

The Fed’s Inflation Play

By Greg Hunter’s USAWatchdog.com

I have been saying repeatedly that the one thing you can count on is inflation.  If you take housing out of the picture, that is exactly what we have been getting.  The Fed wants inflation and loathes deflation.  Ben Bernanke and other Fed officials have consistently said they want to support “asset prices.” (more…)

Will Market Manipulation Stop Gold and Silver from Rising?

By Greg Hunter’s USAWatchdog.com

There are plenty of folks flocking to the internet these days to tell the world why gold and, particularly, silver are finished as an investment and wealth protection opportunity.  Some are even screaming to sell now before gold and silver prices tank.  To give you an example of what I am talking about, I want to share a comment with you from a reader named Michael.  (more…)

Spinning the Economy to a Recovery

By Greg Hunter’s USAWatchdog.com

Remember back in early-2009, when the mainstream media (MSM) started with the ridiculous “green shoots” talking point?  Even though the data were dismal and there were no signs of the economy recovering, the “green shoots” term was used by just about everyone in the MSM.  I think not long after economist Nouriel Roubini said that the much talked about “green shoots” was really “yellow weeds,” the talking point changed to “recovery.” (more…)

Dreaded Double-Dip Is Here

Greg Hunter’s USAWatchdeog.com

I have been telling you the economy is not in any kind of real recovery for more than a year.  Sources I have been quoting have been proven right, and all the economic cheerleaders dead wrong.  Reuters reported yesterday, “Data showing a double-dip in home prices, pessimistic consumers and a slowdown in regional manufacturing raised concerns on Tuesday that the economy’s soft patch could become protracted.” (more…)

Memorial Day and the Last Nail Speech

By Greg Hunter’s USAWatchdog.com

I was out eating with my wife this weekend and saw a veteran getting out of a car with a Purple Heart on his license plate.  After my meal, as I was walking by his table, I stopped and thanked him for his service to the country.  He smiled big, and shook my hand.  My wife later asked me what I thought his war injury was. (more…)

Where’s the Real News Reporting Gone?

When I was coming up in the TV reporting business, “60 Minutes” on CBS was the pinnacle of TV news.  I was lucky enough to make it to the networks (ABC and CNN) and now run my own site on the internet (which is where the news business is all heading).  Today, as far as I am concerned, “60” is not the pinnacle of journalism.  I don’t know what it is, but it is not the truth and light it once was. (more…)

Real Estate Market Gets Worse Before Getting Better

By Greg Hunter’s USAWatchdog.com

I have been sour on real estate since I sold my home in Florida in 2006.  Back then, I predicted home prices were headed for a crash.  Many people thought I was crazy for saying it.  Today, my former Florida home is probably worth a little more than half of the selling price.

In one of my first articles on USAWatchdog.com in August of 2009, I said this about the real estate market forecast, “This does not mean there are not bargains out there in the market, but let’s not confuse a plateau on a downward trend as a bottom.  (more…)

Israel is the Wild Card of Wild Cards

By Greg Hunter’s USAWatchdog.com

President Barack Obama drew some harsh criticism from the Prime Minister of Israel, Benjamin Netanyahu, after his comment last week to return to the 1967 borders.  Like it or not, the President is trying to jump start peace talks between Israel and Palestine.  Yesterday, the President tried to reaffirm the U.S. commitment to Israel during a speech he gave to AIPAC (American Israeli Public Affairs Committee).  I listened to the entire speech, and I have to admit, it was one of President Obama’s best since he’s been in office.  (more…)