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The Federal Reserve Will Fight to the Death

By Greg Hunter’s USAWatchdog.com The Fed is currently fighting tooth and nail in a federal appeals court to keep its bailout of big banks secret.   In August of last year, the Fed lost a lawsuit in federal court that would force the 97

Unemployment 5 Times Worse than BLS Reports

By Greg Hunter’s USAWatchdog.com   Friday, the Bureau of Labor Statistics released its latest unemployment numbers.  The BLS said, “Nonfarm payroll employment edged down (-85,000) in December, and the unemployment rate was unchanged at 10.0 percent.”  Shadow Government Statistics founder, John Williams,

Double-Dip Recession Warning

 By Greg Hunter’s USAWatchdog.com  There has been some positive financial news to start 2010.  Some auto makers reported good sales in December to end the year.  Retail sales also perked up in December, and even home sales in some areas showed

More on the Banks

By Greg Hunter’s USAWatchdog.com Monday, I did a post called “Bank Ratings Keep Slipping Away.” My colleague across the pond, Max Keiser, sent me an email with his thoughts on the post.  Max is a former Wall Street broker turned financial

Bank Ratings Keep Slipping Away

By Greg Hunter’s USAWatchdog.com  I was checking the financial health of my local bank and discovered that it had slipped to a (C-) rating.  Not more that three years ago, this bank carried a solid (A) rating.  The ratings I am

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