The Federal Reserve announced, this week, that it was keeping interest rates at near zero percent until at least 2014. It sure doesn’t look like the so-called “recovery” is going very well. The Fed also said it may “stimulate” the economy soon. Print baby print—you wonder why gold has been rising in price? Billionaire investor George Soros is scaring the heck out of everybody with his dark comments about the economy’s possible collapse, and riots in Europe and the U.S. he thinks are coming. He actually said he’s worried about “survival.” Things must be getting pretty bad if he is saying this type of stuff publicly.
The Middle East is a mess with ongoing revolts in Egypt and Syria. More sanctions are hitting Iranian oil, and Iran is, once again, threatening to close the Strait of Hormuz. About 20% of the world’s crude oil is shipped through this narrow passageway every year. Closing it will most certainly bring chaos to a very fragile world economy. Greg Hunter of USAWatchdog.com brings you these stories and more on the Weekly News Wrap-Up.
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.