By Greg Hunter’s USAWatchdog.com 

What has been going on in Washington, D.C., since the financial meltdown of 2008 has been a disaster for the country.  Taxpayers bailed out crooked, incompetent bankers while tens of millions lost their homes and jobs.  The bailouts have cost trillions of dollars, and they’re not finished.  The Federal Reserve has set a key interest rate to near zero percent until 2015, and it is printing $85 billion a month to prop up the banks and our own government.  (more…)

By Greg Hunter’s USAWatchdog.com 

Analyst Karl Denninger says, “The best thing we could do as an economy is go straight off the fiscal cliff and not come back because that would take about half of the deficit off the table immediately.”  The reason why the U.S. deficit is so large, according to Denninger, “Both sides want to spend more than they take in in taxes.”  Denninger says the Federal Reserve enables the U.S. to live well beyond its means.  (more…)

By Greg Hunter’s USAWatchdog.com 

Don’t expect a debt deal Christmas present.  It ain’t going to happen.  This is a political football. It is also about putting blame on the other party and getting a deal that hurts the other party’s base the worst.  Solving this debt crisis problem will involve real pain and sacrifice if we ever want to balance the budget.  (more…)

By Greg Hunter’s USAWatchdog.com 

Economist John Williams thinks the economy is in worse shape than most people think.  In 2013, Williams predicts, “As this goes forward, you’re going to see we’re going to be in a new recession.”  The Federal Reserve announced last week it is now printing a total of $85 billion every month to reduce unemployment and stimulate the economy.  Williams says, “That’s nonsense. . . . There’s nothing they can do to stimulate the economy.”  Williams has long contended the Fed is really just using the weak economy to continue to prop up the banking system.  (more…)

By Greg Hunter’s USAWatchdog.com  

Chris Martenson of PeakProsperity.com says, “We have an economy that requires constant exponential growth . . . that won’t happen.  We’re on an unsustainable course.”  Martenson says the next 20 years will look nothing like the last 20 years.  He predicts, “The crisis really is going to belong to the people who don’t see it coming.”   (more…)

By Greg Hunter’s USAWatchdog.com 

The Fed made it official, this week, with continuation of money printing to infinity.  The Federal Reserve is now engaged in $85 billion a month in pure QE.  It is continuing to buy the sour mortgaged-backed securities at a rate of $40 billion a month from the big banks, and it is now directly buying $45 billion a month of U.S. government debt.  (more…)

By Greg Hunter’s USAWatchdog.com 

Paul Craig Roberts was Assistant Treasury Secretary in the Reagan Administration, and he warns, “America is going to crash big time.”  Dr. Roberts says, “The real problem is not the fiscal cliff.”  The dollar is on very thin ice.  (more…)

By Greg Hunter’s USAWatchdog.com 

Financial analyst Gregory Mannarino says, “The Federal Reserve is going to print into oblivion.  Why?  Because cash is going out of style.”  It was recently reported the Fed is buying 90% of U.S. Treasuries.  Mannarino contends, “The Federal Reserve has to go out and buy Treasury bonds.  If they don’t do this, it’s over . . .  the system collapses.  The Fed is now the lender of last resort.”  (more…)

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.  (more…)

By Greg Hunter’s USAWatchdog.com 

Jim Willie is the editor of the “Hat Trick Letter.”  He has a PhD in statistics and crunches the numbers on things like gold, currencies and bonds.  Jim Willie says, “Gold is the anti-bubble. . . . (more…)

By Greg Hunter’s USAWatchdog.com

I don’t know about you, but I’m already sick of the so-called “Fiscal Cliff” battle in Congress. That’s the mandatory concoction of tax increases and spending cuts that kick in January 1st if Democrats and Republicans can’t reach a compromise.   Comedian Jon Stewart gave his perspective recently on “The Daily Show.”  I thought he dished the dirt pretty evenly between both parties.  (more…)

By Greg Hunter’s USAWatchdog.com 

Real estate expert Fabian Calvo says there’s more to the story about rising prices in the housing market than what’s reported by the mainstream media.  Calvo charges, “There’s a tremendous amount of manipulation . . . (more…)

By Greg Hunter’s USAWatchdog.com 

The two big issues, this week, are the U.S. debt deal and the Middle East.  The debt deal that everyone thinks was in the bag looks like it is nowhere near a done deal.  It all comes down to which parties’ base will be hurt the most.  For the Republicans, it’s tax increases.  In this case, they want to close loopholes and raise a trillion bucks over 10 years.  It’s not a lot of money, but I guess it’s a start.  (more…)

By Greg Hunter’s USAWatchdog.com

Yra Harris is called a “trader’s trader.”  He says the latest deal on Greek debt is just “pretend and extend. . . . The real problem is Spain because they’re big, they’re in debt and they have 27% unemployment.”  Everyone in the Western world is dealing with the sovereign debt mess by printing money and suppressing interest rates.  (more…)

By Greg Hunter’s USAWatchdog.com 

I was thinking about titling this post “Fire Jamie Dimon.”  I changed my mind because this article is much, much bigger than Mr. Dimon.  This is really an article about the current climate of fraud, negligence and incompetence that is accepted as the new normal.  Dimon and JP Morgan Chase are just the larger-than-life faces of the profound problems that are not getting fixed.  (more…)