By Greg Hunter’s USAWatchdog.com 

At the beginning of this month, the G20 met in France to try to find a way to solve the European sovereign debt crisis.  It ended with world leaders in disarray over a way to come up with a solution.  At first blush, it appears that nothing of any importance came of the meeting of the 20 leading economies of the world, but that is not the case.  (more…)

I couldn’t believe the riots at Penn State after Joe Paterno was fired.  I really do not get how anyone could support him after basically ignoring sex crimes against defenseless children.  After all, we’re talking about felony rape of a child in a Penn State locker room shower that should have been reported to police right then and there!  Joe Paterno should have made the call and he didn’t.  That one phone call could have stopped many other children from being molested.  (more…)

By Greg Hunter’s USAWatchdog.com 

I was a guest on the nationwide radio show Coast to Coast Am last week, and a listener commented that, at one point, “it sounded like” I said “death-ficits” when talking about the European debt crisis.  The commenter chalked it up to a possible “Freudian slip?”  Maybe it was, but it is certainly a good way to describe what is going on today in Europe and in the U.S. as well.  (more…)

By Greg Hunter’s USAWatchdog.com 

Tensions with Iran and Israel continue to heat up, especially since the IAEA revealed new evidence about Iran’s nuclear weapons project and that it may be close to getting a nuke.  Reports keep coming in about an Israeli attack to stop Iran from fully developing those weapons.  Iran said if it is attacked, it will fight a “street war” in Tel Aviv.  This is the wild card of wild cards in the economy and could plunge the world into a very deep depression.  (more…)

By Greg Hunter’s USAWatchdog.com 

The most pressing problem on the planet right now is the European sovereign debt crisis.  It is a gigantic highly leveraged mess caused by greedy reckless bankers.  It was nurtured with the help of regulators who turned a blind eye and allowed the problem to mushroom into an uncontrollable financial cancer.  The European Union is struggling to come up with a plan or bailout fund big enough to truly end the crisis, but there is none in sight.  Every time there is a plan, it is shot down or falls apart.  There was talk of Germany backing the EU bailout fund with its gold reserves, but that was rejected by the Germans.  (more…)

By Greg Hunter’s USAWatchdog.com 

Haven’t heard much about Occupy Wall Street (OWS) lately, but it is still going on.  The official premise is to protest greed and corruption on Wall Street.  Unofficially, I think it is a bunch of people who have awoken to the fact they have been financially screwed.  Yes, I know the Communist party, Nazi party and unions are all trying to hijack and latch onto this movement, but I think, at its heart, it’s much more than that.  (more…)

By Greg Hunter’s USAWatchdog.com 

What is going on in the world today is both frightening and historic.  It is frightening because the amount of debt accumulated is orders of magnitude more than ever before.  It is historic because the way this finally shakes out will be considered a major turning point in modern history.  I see this, but most people in the world are either in denial, delusional or just a victim of disinformation by the mainstream media (MSM).  (more…)

By Greg Hunter’s USAWatchdog.com  

Will the people of Greece vote on the 130 billion euro bailout plan?  Not now, according to the Greek Prime Minister.  The people will be heard even if it comes to more intense protests in the streets.  For now, the sovereign debt crisis and worldwide financial meltdown are on hold, but not for long.  (more…)

By Greg Hunter’s USAWatcdhdog.com

The Prime Minister of Greece, George Papandreou, has called off a vote by the people of his country on whether to accept a 130 billion euro bailout and stay in the EU.  Earlier this week, the Prime Minister thought that would be a good idea and, today, not such a good idea.  People there are asking for his resignation.  There is talk that the Greek government could collapse.  Meanwhile, the G20 meeting in the South of France at Cannes is consumed by the EU debt crisis.  World leaders are looking for ways to stop a domino-like financial collapse. (more…)

By Greg Hunter’s USAWatchdog.com 

On Monday, I said at the end of my post, “I think someday we will “grow” our way out of the economic mess we are in but not before a very big fall.”  I didn’t think the fall would come the very next day–but it did.  Two monster nukes exploded on the financial landscape.  They are the surprise MF Global bankruptcy and the equally surprising Greek referendum on the second bailout package.  Kaboom and kaboom!!!  I see not one, but two giant mushroom clouds on the horizon, and destruction is headed our way.  Anyone underselling these two bombs is on some pretty heavy Prozac.  This is a turning point, and the turn is decidedly bad. It’s a global financial crash. (more…)