Weekly News Wrap-Up 12.07.12
Greg Hunter’s USAWatchdog.com
Once again, there are two multifaceted stories dominating the news. They are the Middle East and the U.S. financial crisis. Syria is in a full blown civil war, and it is spilling out into Turkey and Lebanon. So far, 40,000 Syrians have been killed in this conflict. The President warned the increasingly desperate Assad regime not to use chemical weapons. A U.S. aircraft carrier group now sits off the Syrian coast. The Obama administration is also very worried about these chemical weapons showing up in the hands of terrorists. It has been widely reported that U.S. arms are getting into the hands of al-Qaeda.
The cease-fire between Hamas and the Israelis is holding, but there’s a growing riff with the latest announcement of new Israeli settlements being constructed. It is only a matter of time before the shooting starts again.
In Egypt, new President Mohamed Morsi is facing stiff resistance to his power grab. Now, supporters of Morsi, the Muslim Brotherhood, are clashing with Egyptians protesting what some are calling a move for President Morsi to become a dictator.
Closer to home, the so-called “Fiscal Cliff” crisis looks like it is at a total stalemate. Plenty of people believe that the Republicans and Democrats will work something out, but I am not counting on it. The best thing we could hope for is a small deal to push the fight into next year. Will that be enough to stop another U.S. debt rating cut? Will that be enough to stop foreigners from dumping the dollar?
Another enormous financial problem for the country, the $16.4 trillion debt ceiling will be met before the end of the year. President Obama wants the debt ceiling negotiations to be separate from the “Fiscal Cliff” battle. He is also asking for the U.S. debt ceiling to be totally open-ended as in “no limit.” On top of that, unemployment is shooting back up. It is partly because the economy has not recovered, and employers are laying off workers and cutting back hours as they prepare for the implantation of Obama Care. Join Greg Hunter as he gives his analysis in the Weekly News Wrap-Up.
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About the Author
Greg Hunter
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.
Thanks Greg, I’ve reposted on my blog. Your updates are absolutely essential and I will always be a re-poster.
Thank you Ryan for the reposting support!!
Greg
The debt crisis, just how US corps get out of paying up! http://www.businessinsider.com/tax-loophole-congress-google-apple-microsoft-2012-12. No one in DC or the MSM have said a word about ‘subpart F Corporate Loophole” that could bring in a ton of tax income. I think it’s time to raise hell to each of our Repersentives about this, will it do any good? I dought it, the middle class is the target & the pension plans and old & disabled, the rich will not be hurt unless they are all in in paper assets!
There is a lot of stories the MSM will not repot on, sink holes that keep growing in size in LA where Salt Mines are full of waste of all sorts, Ohio sink holes, methane gas buildups in the huge fault line that runs north to south in the mississippi valley up to the great lakes, the growing use of drones across the USA to spy on Americans. It’s funny how the MSM can say Syria is planning to use chemical weapons or are arming them for use, how do they know if it’s true? The gov MSM propaganda machine is working over time would you not say?
I wouder if Japan’s Nuke plants suffered any more damage frrom the lastest quake? We want know from the MSM I am sure!
Greg, have a great week end of rest!
Thank you Mickey and Art.
Greg
Greg, open ended debt ceiling? What responsible civil fiscal government would want that. Such a policy is simply a power grab of the executive branch against the House who is suppose to have the purse strings. Maybe a deal is in the works for no tax increase in exchange for open ended debt ceiling, which will certainly take us to a Greece & Spain economy faster than we are presently slipping too now.
Steve Quayle is saying that the middle east is getting ready to blow up very soon & everyone needs to get their metals now, especially silver.
Here is a very good article on silver I found on his site:
http://www.visualcapitalist.com/portfolio/the-silver-series-the-history-of-silver-part-1
Silver seems to be in shortage, which is the reason CNBC is telling everyone to avoid buying silver.
I think silver is the best bargain going, as it is the only metal that has not broken its old record of 30 years ago & doubled as most of the other metals have.
Thanks for all you do Greg & for all your great guests you have on. The Jim Willie interview was great & he is right on. You know when the news media & their other trolls (like JoeJustJoe) put them down, that they are right on the money. As I stated before, Willie has a 80-90 percent accuracy rate, I don’t think there is anyone close to him in warning everyone, except for you Greg, lol.
John,
the ME is in a very dangerous place. I do not know when it will blow up bit it surely will. That’s what all the data suggests. I think Mr. Quayle is probably on-target.
Greg
You can call me JoeJustTrol if you’d like. Why the sour puss? I said I’d be there to pull you goldbugs up from amongst the smoking ruins. Did the Golden Jackass make you that offer? Jeeez…no gratitude. 🙂
Hello Greg,
Today I heard an economist being interviewed on the radio. His name is Laurence J. Kotlikoff and is a Professor of Economics, Boston University. The discussion was about the so called “Fiscal Cliff”, “Obama Care”, U.S. Debt etc. You may review his opinions on his website
http://www.thepurplefinancialplan.org/ It would be most informative for your viewers if you can ask him to be interviewed on USAWATCHDOG .
Rick
Thank you Rick. Professor Kotlikoff is a good source.
Greg
Hi Greg,
For those people that do not know that this nation is in collapse, then they will be very surprised when the collapse happens. Here is a good example of what is leading our country to damnation and failure.
I found this article on Yahoo, front page, in their HEALTH area: “Senate to vote on giving Obama debt limit power.” WOW! The Senate wants to abdicate and transfer more of its authority to our Presidential Dictator to be.
Senate Majority Leader Harry Reid is a great example, one of many socialists, working to destroy the United States. The people of Nevada keep voting this traitor into office. So, thanks to Nevada, they should be proud.
Yahoo is an example of how a large public purveyor of information helps to deceive the public by placing this type of information in their “HEALTH” section. Obviously, HEALTH has nothing to do with a political article. In my opinion, this slight-of-hand reporting is mostly used to deceive.
If your readers are interested, it is a very short article, here is the link:
http://health.yahoo.net/news/s/nm/senate-to-vote-on-giving-obama-debt-limit-power
Good stuff Chuck. Thanks for the comment and link.
Greg
Things setup nicely for crash n burn here fokes. Greg, if ya hate the banks today is your chance to get back at em. Join me in some BAC 10.50 puts that expire next Fri. I paid .15 per contract. No need to be envious of the Powerball winner fokes. I just gave you your winning lotto ticket. Wait’ll ya see where this BAC play ends up by next Fri, Greg. WOW! 😮
Good luck on your trade Joe. I hope you win big!
Greg
Thanks, Greg. It is gonna work out great. Nice opportunity to pick up shorts overall today as today’s jobs report was “obviously” staged so that the Wall St crooks would have a nice rally to get their clients out of the markets before higher taxes come next year. I was like a kid in a candy store today into the close. Added back my VXX calls…doubled up on those EDZ calls besides the shares I own. My RGR play has already doubled. Still holding that. Gonna be a fun week next week. Remember, gold n gold plays will do as the market does. But again, I’ll be there for you guys to pick you and the rest of the goldbugs up from amongst the smoking ruins. You’ll be calling me Dr Joe. 🙂 Have a great weekend! *-)
Hey Greg,
Donated to your website. Since I’ve been working on releasing mine (noted on this response), I understand the costs. PLUS, for many months now you’ve been creating live interviews for us. This is a lot of work besides the writing process. You’ve been blessed to be interviewed on Coast-to-Coast AM with George Noory and with Alex Jones on his show as well. Hopefully, this small donation will help you keep on keeping on 🙂
Happy Holidays!
🙂 Diane
Thank you very much for whatever you contributed Diane Carol Mark!!! It helps to defray costs. I do not want to charge folks for a subscription.
Greg
Greg, one more thing to add, the unemployment report today was a set up, total lies, many investors will lose their money & assets if they fall for such crap! But thanks to Jim Sinclair maybe it will back fire! It really sickens me to see how the gov agencies & banksters will stop at nothing to steal all they put their hands on! I just hope folks don’t get spooked & sell the wrong things & sell the real assets they will need! Knowledge is a great thing to have, so are folks like you & Jim, I hope people will look at the data on his site & yours!
Thanks again!
the US and israel are responsible for the mess in the middle east, 911 was an inside job and so are all the recent wars/uprisings in the middle east. its a setup to take over and defeat iran russia china etc..
Forgive me if I seem repetitive, but don’t look for freedom to break out in the Middle East any time soon.
Yes sir NC the ME is a gigantic mess that is ready to blow up.
Greg
Greg: It seems soooo long between fridays to mondays.You have turned me into a truth freek. Thank you.
JC,
I can hardly watch TV anymore. I do to see them squirm, omit and spin the non-truth. Thank you for the support and kind words.
Greg
Great interview with Max Keiser on Press TV. I hope you post it here.
Tsuki,
I didn’t know they posted it. Thank you.
Greg
Hi I’m a 19 year old male from Denmark. It is only about a half year ago I realized the truth about money. I’m trying to convince my parents to get their money out of the banks and invest in assets. So far no luck. You can’t force your ideas on people, because they are so hopelessly indoctrinated in the system. It is up to me to work all day. Pay off my student debt, get food,energy,silver. I have to provide for the persons I love then the crash hits. Have you any idea how much time we still have before it happens?
I have the deepest respect for your website and the fact that you answer all the comments. Must take a long time!
Christopher,
You are wise beyond your years. You will be proven correct in your plan of action. Thank you for your support and comment.
Greg