By Greg Hunter’s USAWatchdog.com
It’s official. America is now committed to bailing out Europe—again. The Federal Reserve announced, this week, it would use something called dollar “swaps” to give EU banks cheap easy money to keep their banks from imploding under the weight of sour sovereign debt. Some big U.S. banks are also exposed and could end up in bankruptcy, if the EU collapses. (more…)
By Greg Hunter’s USAWatchdog.com
The European Union is frantically trying to come up with a plan to fix the debt crisis that is threatening to cause a worldwide financial calamity. It seems every day there’s a new idea to save the union. The latest is some sort of backdoor bailout through the International Monetary Fund (IMF). Why doesn’t the European Central Bank (ECB) just take care of the bailout by itself? (more…)
By Greg Hunter’s USAWatchdog.com
I have never seen, in all my time, so many people holding signs on street corners asking for money, food and work. My wife spotted a couple in their forties living in their car in the middle of a crowded WalMart parking lot. I am seeing more of that, too. I was watching CNBC Monday, and one analyst basically said the economy was good and getting better. He pointed to the great sales numbers on Black Friday. (more…)
By Greg Hunter’s USAWAtchdog.com
It looks like the EU is getting a bailout from the IMF that could be nearly $800 billion. Gold is going straight up, and I am sure global stock markets will also surge on the bailout news. This will not really fix what is wrong. It will also not put an end to the chronic crisis mode Europe and the U.S. have been in for the past 3 years. I mean, if all the global bailouts didn’t fix the problem, including $16 trillion pumped out by the Fed after the 2008 meltdown, what’s another $800 billion going to do? (more…)
By Greg Hunter’s USAWatchdog.com
Happy Black Friday! I hope you all had a great Thanksgiving! The Occupy Wall Street protesters are trying to derail the busiest shopping day of the year by telling people not to shop. I do not understand why they would try to hurt struggling retailers. I think this is well within their rights under the first Amendment but a public relations disaster. Meanwhile, the Tea Party is telling folks to “buycott” and go out and shop to help the economy. (more…)
By Greg Hunter’s USAWatchdog.com
The not so “Super Committee Failure” ended with a whimper and finger pointing on Monday without so much as cutting a single penny in the bloated federal budget. Not only that, but these reckless jokers didn’t even bother to negotiate up to the wire to give a deal their best shot. They just gave up two full days before the deadline. I guess getting home for Thanksgiving is more important than fixing a country teetering on calamity. (more…)
By Greg Hunter’s USAWatchdog.com
If you listen to the narrative coming from the right, you would think the Occupy Wall Street (OWS) protesters were social deviants. Sean Hannity said on his show last week, “What have we seen here, violence, rape, arson, destruction of property, sex in public, masturbation in public, naked people, drugs, drug paraphernalia, anti-Americanism, anti-Semitism, anti-capitalism.” (more…)
Greg Hunter’s USAWatchdog.com
Occupy Wall Street is 2 months old and is gaining speed. Thousands protested in dozens of cities yesterday, and hundreds were arrested. It’s all about the Wall Street bankers who cheated and rigged the game, not against the wealthy. Democrats love this issue because they have a bad economy. The OWS movement directs the argument to how do you want this fixed– the Democrat way or Republican way? (more…)
By Greg Hunter’s USAWatchdog.com
Something a little different today. I have three videos for you to watch. The first features a guy named Eddie Hobbs. He is a financial planner and expert from Ireland. In recent weeks, some of my stories have indicated there could be bank runs in the EU. Last week, Mr. Hobbs confirmed the wealthy are indeed taking money out of EU countries with sour sovereign debt. (more…)
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