By Greg Hunter’s USAWatchdog.com  

Financial analyst Karl Denninger says, “If you keep raising the debt ceiling willy nilly, you’re going to get downgraded.”  Denninger thinks the latest talks in Washington will only kick the fiscal can down the road.  He says, “The truth of what we have to do is still politically impossible.”    (more…)

By Greg Hunter’s USAWatchdog.com 

It’s all guns all the time as President Obama makes a big push for gun control.  Part of the plan includes “Executive Orders.”  The other part of the President’s plan includes new legislation that bans assault weapons.  This coming at a time when the nation’s top bankers fraud and crime is enormous and going criminally unpunished.  (more…)

By Greg Hunter’s USAWatchdog.com 

Boston University Economics Professor Laurence Kotlikoff is worried about America’s dire financial situation.  Dr. Kotlikoff says, “The situation is getting worse and worse and worse.  We are running a massive six decade Ponzi scheme, and it’s coming to a real threatening point.”  (more…)

Greg Hunter’s USAWatchdog.com 

Financial expert, Catherine Austin Fitts, says the sudden turn to gun control in the face of mounting financial problems is no accident.  Fitts contends, “Guns protect honest people.  It’s a little scary, the timing of this, and I think a little bit obvious.  Gun control is a way to take away the financial assets of the honest hard working people.”  (more…)

By Greg Hunter’s USAWatchdog.com 

Looks like the gun control debate is taking precedence over the severe financial problems the country is facing.  We have a debt ceiling issue that could call into question the “full faith and credit” clause of the Constitution.  In other words, we might default on our debt.  We have these automatic cuts that have been postponed, and we still don’t have a deal to cut government spending.  So, why is the Obama Administration pushing gun control now?  (more…)

Greg Hunter’s USAWatchdog.com 

Financial analyst Gregory Mannarino says, “The Fed cannot and will not stop printing. . . If they do that, overnight the system would collapse. . . . They are in desperation mode.”  Mannarino thinks the U.S. should be cutting spending and not raising the debt ceiling.  He contends, “By raising the debt ceiling, we are borrowing from our MasterCard to pay for our Visa.”  (more…)

By Greg Hunter’s USAWatchdog.com

Alex Jones was on Piers Morgan’s CNN show last night to talk about gun control and, boy, did Jones take it to Morgan.  I found myself mesmerized by the debate.  Well…not much of a debate anyway, more like a verbal beat down.  I don’t think Morgan knew what to say.  I thought Jones won hands down, and Morgan didn’t have a single comeback to the points  Jones made to Morgan on guns.  (more…)

By Greg Hunter’s USAWatchdog.com 

Money manager Peter Schiff warns that Japan will likely stop buying U.S. government debt.  He contends, “If the Central Bank of Japan has a choice between monetizing Japanese debt or U.S. debt, they’ll go for their own debt . . . that means the Fed has to print even more money.”  (more…)

By Greg Hunter’s USAWatchdog.com 

The Fiscal Cliff turned into a can kick on tax policy.  Yes, they averted some nasty tax increases for many Americans, but there were zero spending cuts.  In fact, the legislation added $4 trillion in debt!!!   I’d say President Obama won round one, but not by much.  I have to give a little credit to Democrats and Republicans for the compromise, but this is still the “blame game theater.”  (more…)

By Greg Hunter’s USAWatchdog.com 

Trends forecaster Gerald Celente predicts the global financial system will continue to be propped up.  Celente says, “The scheme continues to go, the scheme being dumping cheap money into the system to perpetuate an economy that should have crashed in 2008.  So, for 2013, our best shot is more of the same, but worse.”  (more…)

By Greg Hunter’s USAWatchdog.com 

There are just two stories that should be on everybody’s radar this week.  The first is the “Fiscal Cliff” or, as I like to call, it the “Blame Game Theater.”  The other big story is the Middle East.  Both of these stories are multi-faceted.  The “Fiscal Cliff” should be of great interest to all Americans.  (more…)

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…)