Latest Posts

Greg Hunter On The Edge With Max Keiser

By Greg Hunter’s

USAWatchdog.com

I was interviewed by Max Keiser in Europe last week.  For the 4th of July holiday on Monday the 5th, I am posting part three of a three part interview.  (more…)

Another Sign on the Road to a Devalued Dollar

By Greg Hunter’s

USAWatchdog.com

The President gave a speech on immigration reform yesterday.  One of the most outrageous things the President said, “The southern border is more secure today than at any time in the past 20 years.” Please, Mr. President, Phoenix is the kidnapping capitol of America, second only in the world to Mexico City.    Meanwhile, as the President tried to score political points, questions about the viability of the U.S. dollar as the world reserve currency are increasing on the world stage.    (more…)

Stealth Austerity Already Hitting the U.S.

By Greg Hunter’s

USAWatchdog.com   

Last week, at the G20 meeting in Toronto, there was much discussion about money printing for bailouts and cutbacks for austerity.  These were the two main options talked about to deal with the economic malaise facing the globe.   The U.S. is firmly in the money printing camp.  Europe, on the other hand, is officially taking the cutback and austerity path.  (more…)

Financial Reform Bill Will Not Stop the Next Meltdown

By Greg Hunter’s

USAWatchdog.com   

The much awaited financial reform bill was finished up in an overnight marathon House and Senate committee session last week.  Now it appears there is a holdup in the Senate because of the $19 billion bank tax contained in the legislation.  Several Senators on both sides of the isle want to remove the tax leaving a bill that must be paid for by taxpayers or not implemented at all.   This bill came about as a result of the near collapse of the financial system brought about by reckless bankers with little oversight and regulation.  It is supposed to reign in the banks and not allow any bank to be “too big to fail.” (more…)

Double Dips Coming Everywhere

By Greg Hunter’s

USAWatchdog.com

 Respected banking analyst Meredith Whitney dropped a bomb on CNBC at the beginning of the week by saying, “Unequivocally, I see a double-dip in housing.  There’s no doubt about it . . . prices are going down again.” Whitney warned as foreclosures and short sales go north, bank profits head south.  She said, “You look at the non-performing loans on bank balance sheets and they have doubled in one year alone (more…)

Pedro’s Nightmare BP Scenario

By Greg Hunter’s

USAWatchdog.com

The possibility of a BP bankruptcy because of the ongoing Gulf oil spill is very real.  Since the oil spill disaster on April 20, the company’s share price has been cut in half.  BP has lost $90 billion in value for shareholders.  The company dividend has been diverted to help pay for stopping the out-of-control well, cleanup and damages.  At the beginning of this month, the President said, “Untold damage is being done to the environment — damage that could last for decades.” This broken well is spewing out an Exxon Valdez every 4 or 5 days, and experts say it will be at least 2 months before it is stopped. (more…)

The U.S. Dollar Falls by Fall

By Greg Hunter’s

USAWatchdog.com

Last week, three stories acted as signposts for the direction of the U.S. Dollar value.  The first is about a letter President Obama sent to members of the G20 (Group of 20 major industrial countries) in advance of next weekend’s meeting in Canada.  The President’s letter asked members to “reaffirm our unity of purpose to provide the policy support necessary to keep economic growth strong.”  (more…)

Limited Fed Audits Will be Part of Financial Reform

By Greg Hunter’s

USAWatchdog.com   

It’s not exactly the kind of audit Congressmen Ron Paul and Alan Grayson wanted in their original legislation, but it looks like their wish to peel away some of the Federal Reserve’s secret deals in lending and the securities market will be exposed for the first time in history.   The House and Senate are working to reconcile two similar bills and make them into one to put on the President’s desk. (more…)

Obama Gulf Speech Takes a Wrong Turn

By Greg Hunter’s

USAWatchdog.com

Last night, President Obama addressed the nation from the Oval Office in the White House on the Gulf oil disaster.  He got off to a great start by saying, Already, this oil spill is the worst environmental disaster America has ever faced. (more…)

Recovery Hype and Fed Audit

Greg Hunter’s

USAWatchdog.com 

It seems everyday I watch mainstream media there is a discussion about the ongoing so- called “recovery.”  Yesterday was no exception.  I was watching an anchor on MSNBC ask a guest why the “recovery” is so uneven and why it was hard to maintain upward momentum?  I yelled out to my TV, “Because there is no recovery!”  (more…)

Do the Opposite of Ben Bernanke

By Greg Hunter’s

USAWatchdog.com  

Fed Chairman Ben Bernanke gave testimony to the U.S. House Budget Committee a couple of days ago.  His preposterous statements seemed to go unquestioned by the Committee.  So, I am going to tackle the highlights, ask a few questions and make several statements of my own that I think should have been made by our Congressmen. (more…)

Gold’s Flashing Warning Sign

By Greg Hunter’s USAWatchdog.com 

Gold hit another all-time high yesterday!  According to gold website Kitco.com, “. . . investors continue to seek out the precious yellow metal as a safe-haven asset amid heightened financial, economic and geopolitical uncertainty. One market watcher in a wire service report summed up nicely gold’s recent price action, saying “it’s a warm blanket on a cold day.” August Comex gold closed up $4.80 an ounce at $1,245.60 after hitting a new high of $1,254.50 in early trading.”   (more…)

Downturn Coming, Not Recovery

By Greg Hunter’s USAWatchdog.com 

A buddy of mine, who is a business broker, recently told me, “I have never in my life seen more broke people.”  I told that little quote to a car salesman I was talking with over the weekend, and he told me, “Don’t I know it! I am in the car business, and I see it all the time.”  Those are not the words you hear from the front lines of business that say a so called “recovery” is at hand–quite the opposite.     (more…)

The Job Picture Is Not Improving as Much as You Think (Updated)

By Greg Hunter’s  

USAWatchdog.com   

There was a lot of talk this week about an improving job market.  It seems everybody is talking up a turnaround in the labor market.  Some CNBC anchors, yesterday, put their usual optimistic spin on the topic of May payroll and unemployment numbers due out today.  Guess what?  The numbers are already looking pretty good but not that good!  (more…)

Damage that Could Last for Decades

By Greg Hunter’s

USAWatchdog.com  

President Obama finally took ownership of the oil gusher in the Gulf yesterday.  A National Commission on the BP oil spill has been formed by the White House and will be headed by former Senator Bob Graham of Florida and former EPA Administrator Bill Reilly.   In prepared remarks, the President said the ongoing calamity off the coast of Louisiana, “. . .is now the greatest environmental disaster of its kind in our history.  Their job, along with the other members of the commission, will be to thoroughly examine the spill and its causes, so that we never face such a catastrophe again.”  (more…)