Greg Hunter’s USAWatchdog.com

Financial analyst and forecaster Rick Ackerman says Hurricane Sandy came at a time when “. . . the U.S. economy is in a mission critical status. . . . All of the positive effects of this spending are 8 to 20 months down the road.”  Ackerman says this disaster is going to be different than in the past because “we’re living off the fatted calf, but the fact is now we’re broke.  Where is all this money going to come from?”   You can forget the current mainstream media estimates of $50 billion in storm damage.  (more…)

By Greg Hunter’s USAWatchdog.com      

Hurricane Sandy couldn’t have come at a worse time.  The U.S. economy appears to be contracting, and the fourth quarter holiday shopping season in the most populated area of the country has been interrupted.  Now, folks are more worried about pumping sewage laced water out of their towns than buying a new Apple iPod.  Money is going to be diverted to buy generators and paint, not electronics and clothing.  (more…)

By Greg Hunter’s USAWatchdog.com 

There is no bigger sign post about the state of the U.S. economy than the Federal Reserve’s announcement in September of “open ended” QE.  This is unlimited money printing that is being done by the Fed until further notice.  All the talk of the so-called “recovery” was reduced to a gigantic lie perpetrated on the American people.  (more…)

By Greg Hunter’s USAWatchdog.com         

Economist Michael Pento says forget the “Fiscal Cliff” you have been told about.  Pento charges, “The real ‘Fiscal Cliff’ is the coming currency and bond market collapse.”  Pento says if we stay on our current path, “We are in for an interest rate shock that will make the Great Depression look like the days of wine and roses.”  (more…)

By Greg Hunter’s USAWatchdog.com 

The third and final Presidential debate was this week, and I thought it was a draw.  Neither Romney nor Obama scored a knockout blow.  I can’t believe we had these debates and not a single question was asked about the $85 billion a month being printed by the Fed.  This is unprecedented in human history.  What could go wrong?  

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By Greg Hunter’s USAWatchdog.com   It seems the problems in the European Union are far worse than most Americans realize.  The economic problems there are turning into problems of tyranny.  It appears Europe is losing its sovereignty to the bankers.  Most in the U.S. have no idea what’s really going on there. Nigel Farage MEP (Member of the European Parliament) knows.  This week, he gave another tongue lashing to his EU counterparts on how the fiscal crisis is being used to thwart freedom in Europe.  You will never see Mr. Farage on mainstream television in the U.S.  You have to ask yourself why not?  (more…)

Greg Hunter’s USAWatchdog.com              

Economist John Williams says the latest round of “open-ended” QE has set the table for a global “dollar sell-off” and “hyperinflation” no later than 2014.  Williams says, “There’s no way the consumer can fuel the economic recovery, and there is no way we’re going to see one in the near future.”  Williams predicts, “The Treasury is going to have funding problems, and that means the deficit gets a lot worse.” 

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By Greg Hunter’s USAWatchdog.com 

Fabian Calvo buys and sells a $100 million worth of distressed mortgage debt and property a year.  He says, “We haven’t even scratched the surface of being at the bottom of the housing market.”   (more…)

Greg Hunter’s USAWatchdog.com 

The big story this week was Round 2 of the Presidential Debates.  Obama was on his game, but I still have to give a light edge to Romney on the pounding he gave the President on the rotten economy.  That said, I wish I could have asked a few questions of the candidates.  Here’s three I would have asked:   (more…)

Greg Hunter’s USAWatchdog.com 

Financial analyst Greg Mannarino says the latest GDP number “. . . is a farce . . . I don’t think we’re growing at all.”   Mannarino says what we do have is growing inflation.  He thinks, “The dollar is in a terminal phase,” and everyone should “bet against debt” with gold and silver. 

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Greg Hunter’s USAWatchdog.com 

Hard asset expert Tom Cloud has more than three decades of hard asset experience and more than 2,000 high-net-worth clients.  Cloud says the rich are putting “45% of their wealth into hard assets” like gold and silver.  Cloud says his clients “. . . fear there’s going to be a new currency . . . they know gold will win no matter what.”  Cloud’s clients think the dollar’s days are numbered as the “petro currency.”  When oil is traded globally in other currencies, Cloud says, “The dollar is going to fall off the table, everybody agrees on that.”  Cloud thinks that could happen in less than “18 months.”  When the dollar plunges, interest rates will spike, and Cloud predicts, “Bonds are the next killing field of investments.”   Cloud is confident, “Gold will double in less than 4 years.”  (more…)

Greg Hunter’s USAWatchdog.com 

The Vice Presidential debate was this week, and it was supposed to get into the real down and dirty numbers.  Vice Presidents rarely make a difference in the outcome of a Presidential election, so who cares who won.  I am focusing on what is not said, and both parties conveniently leave out the $85 billion a month the Fed is printing to bail out bankers and suppress interest rates.  (more…)

Greg Hunter’s USAWatchdog.com 

Since this site went on line three years ago, more than a dozen readers either emailed or commented they cashed out of their IRAs or 401-Ks, paid the tax and penalty, and invested in physical gold and silver.  One reader, in particular, told me he did this when gold was at the outrageous “bubble” price of around $800 per ounce.   (more…)

Greg Hunter’s USAWatchdog.com 

Karl Denninger of Market-Ticker.Org says both Romney and Obama are lying about health care reform.  Denninger says drastic changes are coming no matter what, “. . . because the amount of money the federal government spends doubles every seven years . . . this is mathematically impossible.”  (more…)

Greg Hunter’s USAWatchdog.com 

The first Presidential debate is wrapped up, and it looks like Republican challenger Mitt Romney scored a big victory against President Obama.  Romney zinged Obama a couple of times and looked way more prepared than the President.  When Obama brought up the nearly $3 billion in tax credits given to oil and gas companies, Romney fired back with $90 billion to green energy companies, most of which have failed or are not making a profit.  (more…)