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Party At Your Own Financial Risk

By Greg Hunter’s USAWatchdog.com    Everybody on Wall Street is breaking out the balloons and party hats and celebrating the end of the recession.  Even Larry Summers, the top economist in the Obama Administration, says “Everybody says the recession is over.”  Really? “Everybody”

Uncle Sam Plays Santa Claus

By Greg Hunter’s USAWatchdog.com The government has made some pretty big financial announcements during the Christmas holiday season.  So-called Pay Czar, Kenneth Feinberg, decided to boost the pay of an unnamed AIG executive by $4.3 million.  Was Feinberg just playing Santa or taking strategic action to get

Is Health Care Really America’s Top Priority?

By Greg Hunter’s USAWatchdog.com   In September, I wrote a post called “Prediction: Obama Wins Health Care, Loses Economy.”  It appears the Senate has the votes for passage of its version of health care legislation; so the prediction is halfway complete.  I am

False Positive Signals For The Economy

By Greg Hunter’s USAWatchdog.com    According to economist John Williams at Shadow Government Statistics (SGS), we are getting “… false positive signals…” for monthly numbers such as retail sales and unemployment.  So, a recovery looks like it is taking place when a

Gold or Dollar, Up or Down

By Greg Hunter’s USAWatchdog.com    Alex,a friend of mine, sent me an email with just one sentence.  It said, “Did you read this?”   It was an article published this week by NYU Economics Professor Nouriel Roubini titled, “Roubini: Here’s Five Reasons The

“Pay Czar” Idea is a Crock!

By Greg Hunter’s USAWatchdog.com Kenneth Feinberg was appointed by the Obama Administration as a so-called “Pay Czar” after public outrage over big compensation packages at firms that were bailed out by the government.  Feinberg has been on the job as pay

George Will Is Wrong On The Fed

By Greg Hunter’s USAWatchdog.com This week nationally syndicated columnist George Will wrote a piece called “Playing Politics with the Fed.”  Mr. Will is squarely against Congressional legislation called the Federal Reserve Transparency Act of 2009.  This bill will force the Federal

Can Obama Really Be “Fiscally Prudent”

By Greg Hunter’s USAWatchdog.com President Obama’s “Jobs” speech this week hinted, once again, that he is well aware the U.S. Government has a ballooning deficit problem.  In remarks made to the Brookings Institute, the President said, “There are those who claim

How Do I Protect My Assets?

By Greg Hunter’s USAWatchdog.com The FDIC just shut down another 6 banks last Friday.  There is no end in sight for the bank failures coming.  To make matters worse, the FDIC is way more than $8 billion in the hole as

Ben Bernanke’s Hyperinflation And Economic Collapse

By Greg Hunter’s USAWatchdog.com  Yesterday, Federal Reserve Chief Ben Bernanke was in front of the Senate Banking Committee trying to hold on to his job.  Some Senators were complimentary on Bernanke’s job.  Republican Senator Judd Gregg from New Hampshire gave the

Afghanistan, Add It To The Tab

By Greg Hunter’s USAWatchdog.com I watched the President last night address the nation on why he needed to send 30 thousand more troops to Afghanistan.  He said it would cost an additional $30 billion for this escalation.  That works out to

Lessons From A Dubai Default

By Greg Hunter’s USAWatchdog.com Last week, just before the Thanksgiving holiday, Dubai World asked creditors if it could suspend payments on nearly $60 billion in debt.  Experts call this a “technical default” by Dubai itself because it owns Dubai World which

The FDIC Is Way Beyond Broke

 By Greg Hunter’s USAWatchdog.com The Federal Deposit Insurance Corporation announced this week that the insurance fund that covers more than $4.5 trillion in deposits was not only depleted but has a negative balance of $8.2 billion according to the Wall Street

“Mischief” and Fed Secrecy

By Greg Hunter’s USAWatchdog.com   A very important hurdle was cleared last week for the folks who want to end the Federal Reserve’s privilege of secrecy.   By a bipartisan vote of 46-26, the House Finance Committee approved an amendment to audit the

The “Fix” Is In!

 By Greg Hunter’s USAWatchdog.com   It appears the “fix” is in as far as the road plan for the U.S. dollar and economy.  The government and the Fed appear to have chosen a path of inflation for America and the world.    This is not an