The meeting, last week, in Iraq to negotiate a resolution to Iran’s nuclear program ended with zero concessions on either side. The only thing positive was an agreement for another meeting, next month, in Russia. This meeting is more than a discussion over Iran’s nuclear ambitions but more about the world powers trying to avoid all out global war. Now, there is a new wrinkle. The Israelis are putting the military option back on the table after secretly making an agreement with the Obama Administration to hold off until after the November elections. The Israelis are distraught that the Iranians continue to manufacture highly enriched uranium that is near weapons grade. It was, also, reported late Friday night that the Iranians have doubled their stock pile of enriched uranium in the last few months. As far as the EU debt crisis is concerned, things are getting worse. It was reported over the weekend, Greece is on the verge of collapse. People like Nigel Farage (Member of the European Parliament) say Greece should be able to leave the Euro and go back to using their old currency (Drachma). Farage says the Euro should be broken up to restore hope and democracy. (Click here to hear Farage at the EU Parliament last week. It’s great!) Many in the EU want to keep Greece in the union at all costs because they fear other nations will follow suit. The biggest are Spain and Italy who have been rocked with dozens of bank downgrades because of sour sovereign debt. All this should be watched by Americans because big banks on this side of the pond have enormous derivative exposure to EU debt. Is Greece the first domino that could ultimately sink the U.S. and Western economies? It appears we shall soon find out. Greg Hunter gives his analysis on these stories and more on this long Memorial Day weekend.
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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.