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Fear, Desperation and Doom Describe the Housing Market
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com It has been called foreclosure gate, robo signing, foreclosure fraud or just sloppy paperwork; but no matter what you call it, it’s signaling a new financial meltdown for the U.S. economy. The securitized mortgage debt created in
What is Happening Now and Where are We Going?
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com Gerald Celente is the founder of The Trends Research Institute. He’s been forecasting future trends since 1980. Today’s financial economic and political climate is volatile and unpredictable for most of us, but not Celente. He has made
Did Congress try to Legalize Foreclosure Fraud?
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com A bill that will make it more difficult to challenge improper foreclosure is going to be Vetoed by President Obama according to a Wall Street Journal story. The bill quietly slipped through the Senate last week with
Record High Gold all about Fear
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com There has been one record high after another for gold. They say the markets are ruled by fear and greed. In this case, it is simply fear that is driving the yellow metal higher day after day.
Could Foreclosure Fraud Cause Another Banking Meltdown?
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com This weekend, Bank of America became the latest lender to delay all foreclosures in 23 states because of possible problems with the necessary documents needed to repossess a home. GMAC Mortgage and JP Morgan Chase have had similar
The Fallacy of ‘Bailing Out’ U.S. Cities and States
on: by Greg Hunter
I want to revisit something banking analyst Meredith Whitney said this week on CNBC about the huge financial insolvency problems facing many U.S. states. She said, “You have to look at the states and the risk that the states pose, because
When Meredith Speaks, You Should Listen
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com I was pulling up to a store yesterday in my car, listening to CNBC on XM Radio, when an interview with banking analyst Meredith Whitney came on as a guest. I shut the car off and listened
Recession Not Over, Double-Dip or Worse Coming
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com Just last week, I ridiculed a group of academic economists for calling an end to the longest recession since World War II. The National Bureau of Economic Research proclaimed the recession we STILL find ourselves in ended
Is Gold in a Bubble?
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com With gold hitting all time nominal highs this week, the recurring question is “Is gold in a bubble?” The yellow metal has been flirting with the $1,300 an ounce mark, and some folks are getting a little
The Recession is Over? Really!
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com I was dumbfounded by the headline “Recession Ended in June 2009” that came out earlier this week. The National Bureau of Economic Research (NBER), which is a panel of academic economists, called an end to the longest
We Don’t Have Honest Money
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com My nephew, Luke, called me the other day vexing over the materials used in our coins. He is a finance major in grad school and was researching money when he discovered that pennies were 97.5 percent zinc
Treasury Bills: The New Opium
on: by Greg Hunter
About this time last year, I heard financial expert Jim Rickards say on CNBC, “Federal Reserve needs to cut US Dollar in half over next 14 years.” He followed that up by saying, “If the market sees that playing out which
Tap Dancing on A Land Mine
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com The economic “recovery” talk picked up some speed yesterday as retail sales for August were announced. The government said sales were up a whopping .4%. It seemed everybody on financial TV was talking like the worst is
The Elephant in the Room
on: by Greg Hunter
By Greg Hunter’s USAWatchdog.com There has been a flurry of proposals this week on how to get the economy growing again. The President has been giving speeches across the country offering up plans for more infrastructure spending, business tax cuts and
Death By Globalism—Economists Haven’t A Clue
on: by Greg Hunter
The President is kicking off another new jobs creation campaign this week. He has just proposed spending more than $50 billion on infrastructure over the next six years and $300 billion in business tax cuts and credits for the future. The