Latest Posts

One-on-One with Charles Biderman

By Greg Hunter’s USAWatchdog.com 

The European debt crisis seems to get worse every day with no real solution in sight, just bailout after bailout.  This may look like it is an effort to save heavily indebted countries, but it is really all about saving insolvent banks.  Charles Biderman, CEO of TrimTabs.com, says, “. . . what we need is a central bank wipeout, which I think we really need to clean the decks so we can go forward and prosper as a globe.”  (more…)

Banking and Freedom

By Greg Hunter’s USAWatchdog.com

I just have a couple of videos to share with you today.  One is about banking and monetary policy from a 12 year-old girl named Victoria Grant.  She is a Canadian that has a firm grasp about what’s really wrong with the global economy.  This video has gotten more than 600,000 views and when you watch it you will know why.  (more…)

One-on-One with Paul Craig Roberts #1

Dr. Paul Craig Roberts

By Greg Hunter’s USAWatchdog.com 

There has been plenty of calamitous news surrounding the European debt crisis.  Greece is insolvent.  Spain just got a big bank bailout, and Ireland wants a new bailout deal.  No matter how bad it looks in the EU, Paul Craig Roberts says the problems in Europe are “nowhere near as big as the ones here.”  The U.S. is printing massive amounts of money to paper over the mess, but it won’t work.  Roberts says a collapse of the U.S. dollar could happen at any moment.   (more…)

Weekly News Wrap-Up 6.8.12

By Greg Hunter’s USAWatchdog.com 

The UN says that civil war in Syria is “imminent.”  It looks to me it’s been imminent for months.  More than 9,000 people have been killed in the uprising which, at its core, is a fight between Shia and Sunni.  That’s the Hatfields and McCoys to you and me.  There is mounting pressure from the U.S. calling for regime change, and Secretary of State Hillary Clinton echoed that call, again, this week.  (more…)

Closer to War Than You Realize

By Greg Hunter’s USAWatchdog.com 

Much of the news in the past few weeks centers around the European debt crisis, but even bigger problems are coming to a boil in the Middle East.  First off, Syria is degrading into a full blown civil war.  Rebels set jets and helicopters on fire in an airbase in southern Syria over the weekend.  The Syrian army has been accused of a massacre that killed more than 100 people last week.  (more…)

Gold and Dow Flash the Same Warning Signal

By Greg hunter’s USAWatchdog.com 

On Friday, both gold and the Dow flashed the same warning signal—the economy is in deep trouble.  The Dow plunged nearly 275 points on the news of a weak jobs report, and gold rocketed higher by $66 on speculation global bankers are going to print money to resuscitate a dying financial system.  You do not get this kind of tandem move in opposite directions by coincident.  Last week, both the stock and gold markets appeared to stop pretending and acknowledged the vortex of debt and insolvency that could suck us all into a black hole.

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Weekly News Wrap-Up 6.1.12

By Greg Hunter’s USAWatchdog.com 

Greece is on life support.   Spain is experiencing bank runs.  Many countries are in or heading into recession.  The European Union is in gridlock over what to do.  The bankers want money printing for bailouts and want the people to pay for it.  The leadership in the EU is, also, pushing for Euro-bonds that will spread the debt out to all the countries.  (more…)

Will Fed Printing Press Try to Save Europe?

Bank Insolvency: Will Fed Printing Press Try to Save Europe?By Greg Hunter’s USAWatchdog.com 

You know things are heating up when the banks start with scare tactics.  In Greece, the bankers are in full court press to sway voters for next month’s election.  Reuters reported yesterday, “In a report released ahead of an election on June 17 that may determine whether the country stays in the single currency, the country’s biggest bank said the risk of Athens exiting the euro was no longer just a theoretical possibility, warning that the fallout from such a move would be dramatic.  (more…)

Iran–EU Debt Crisis Update

By Greg Hunter’s USAWatchdog.com

The meeting, last week, in Iraq to negotiate a resolution to Iran’s nuclear program ended with zero concessions on either side.  The only thing positive was an agreement for another meeting, next month, in Russia.  This meeting is more than a discussion over Iran’s nuclear ambitions but more about the world powers trying to avoid all out global war.  (more…)

Weekly News Wrap-Up 5.25.12

By Greg Hunter’s USAWatchdog.com 

The big meeting, this week, in Iraq concerning Iran’s nuclear program was a big bust.  The meeting, once again, ended the same way the last one did—with a date for another meeting.  The next one is in Russia, next month, and will involve all the same world powers (U.S. UK, France, Germany, Russia, China and Iran).

The West wants Iran to stop enriching uranium to high levels for fear of turning it into a nuclear weapon.  (more…)

Taxpayer Supported Gambling

Derivative Scandals: Taxpayer Supported GamblingBy Greg Hunter’s USAWatchdog.com 

The $2 billion derivative trading loss JP Morgan announced, about two weeks ago, is growing in size.  It is reportedly now more than triple the original loss.  According to a CNN report, “One thing seems clear about JPMorgan Chase’s $2 billion loss. It’s no longer $2 billion. It’s likely much higher.  (more…)

Inflation–Deflation: Gold and Silver Win

By Greg Hunter’s USAWatchdog.com

There is plenty of talk about inflation and deflation scenarios. Gold and silver do well in the extremes. I think it is safe to say the financial environment today is extreme. Look at the thud the Facebook IPO made since it was issued.  Look at the price suppression of gold and silver through naked shorts that the government regulators turn a blind eye to. Look at the interest rate suppression the Federal Reserve is masterminding with 30-year mortgage rates in record territory well below 4%.  (more…)

Iraq Meeting Will Decide War

Greg Hunter’s USAWatchdog.com 

The meeting, this week, in Iraq to negotiate Iran’s nuclear program will decide whether or not the world will go to war.  The meeting is between the East (Iran, China and Russia) and the West (U.S., UK, France and Germany).   If the meeting goes well, war will be avoided.  If the meeting goes badly, the world will be heading for war.  (more…)

Weekly News Wrap-Up 5.18.12

By Greg Hunter’s USAWatchdog.com 

The big news is what is coming up over the next four days.  There are two sets of meetings:  one in Camp David with the G8 and one in Chicago with NATO.  Forget the protests in Chicago; that is just noise and distraction.  There are three big problems that will be talked about at these meetings.  Syria is in the middle of a revolution, and Russia has warned the West to stay out.  Nothing is settled there, and the cease fire was short lived.    (more…)

Systemic Risk Is Everywhere

JP Morgan Derivatives Exposure: Systemic Risk Is EverywhereBy Greg Hunter’s USAWatchdog.com 

The $2 billion loss of JP Morgan in derivatives trading is signaling, once again, the enormous risks big banks take with taxpayer backing.  All U.S. banks are covered by the FDIC, and if a loss is big enough, it could threaten the financial system just as it did in 2008.  JP Morgan has $70 trillion in total derivative exposure.  The entire world has a little more than $700 trillion in derivative exposure, and one bank has 10% of all the derivative exposure on the planet!  If JP Morgan gets into trouble, it alone could cause systemic failure.  Today, the FBI announced an investigation into the surprise $2 billion (more…)