By Greg Hunter’s USAWatchdog.com

Moody’s dropped a bomb on global banks this week. It handed out credit rating cuts to 15 of the biggest banks in the western world. JP Morgan Chase, Bank of America and Citi were all cut two notches and Credit Suisse three notches. Since the 2008 financial crisis, it’s really been all about propping up the banks and nothing else. That’s why there has been growing talk of a world-wide money printing drop for weeks now, and one is coming soon. (more…)

By Greg Hunter’s USAWatchdog.com  

If you want a no-nonsense look at the world and where we are heading, you talk to a journalist who has seen it all.  James Howard Kunstler began his career in the 1970’s at Rolling Stone magazine.  Thousands of articles and 11 books later, you have a writer with the experience to decipher a very complicated world. (more…)

By Greg Hunter’s USAWatchdog.com 

Forget about the outcome of the Greek elections.  The only thing that matters, according to Karl Denninger of Market-ticker.org, is math.   Denninger thinks, “The powers that be are lying about the solvency of institutions and this is doomed to fail.”

He still thinks the financial crisis “detonates before the election,” and “layoff numbers start going back up.”  (more…)

By Greg Hunter’s USAWatchdog.com 

Forget about the Greek Elections because, in the end, Greece still has to pay its bills.  There probably will not be any one party that will get enough votes to garner a majority, but the anti-bailout party is gaining ground.  Spain is the latest bailout casualty, but it is all a sign of a system in a tailspin of insolvency.  (more…)

By Greg Hunter’s USAWatchdog.com

You want to know what’s going on right now with the European monetary union and the euro currency? Outspoken Member of the European Parliament Nigel Farage knows, and he’s gotten it right from the very begining of the soveriegn debt crisis.  (more…)

By Greg Hunter’s USAWatchdog.com 

The European debt crisis seems to get worse every day with no real solution in sight, just bailout after bailout.  This may look like it is an effort to save heavily indebted countries, but it is really all about saving insolvent banks.  Charles Biderman, CEO of TrimTabs.com, says, “. . . what we need is a central bank wipeout, which I think we really need to clean the decks so we can go forward and prosper as a globe.”  (more…)

By Greg Hunter’s USAWatchdog.com

I just have a couple of videos to share with you today.  One is about banking and monetary policy from a 12 year-old girl named Victoria Grant.  She is a Canadian that has a firm grasp about what’s really wrong with the global economy.  This video has gotten more than 600,000 views and when you watch it you will know why.  (more…)

Dr. Paul Craig Roberts

By Greg Hunter’s USAWatchdog.com 

There has been plenty of calamitous news surrounding the European debt crisis.  Greece is insolvent.  Spain just got a big bank bailout, and Ireland wants a new bailout deal.  No matter how bad it looks in the EU, Paul Craig Roberts says the problems in Europe are “nowhere near as big as the ones here.”  The U.S. is printing massive amounts of money to paper over the mess, but it won’t work.  Roberts says a collapse of the U.S. dollar could happen at any moment.   (more…)

By Greg Hunter’s USAWatchdog.com 

The UN says that civil war in Syria is “imminent.”  It looks to me it’s been imminent for months.  More than 9,000 people have been killed in the uprising which, at its core, is a fight between Shia and Sunni.  That’s the Hatfields and McCoys to you and me.  There is mounting pressure from the U.S. calling for regime change, and Secretary of State Hillary Clinton echoed that call, again, this week.  (more…)

By Greg Hunter’s USAWatchdog.com 

Much of the news in the past few weeks centers around the European debt crisis, but even bigger problems are coming to a boil in the Middle East.  First off, Syria is degrading into a full blown civil war.  Rebels set jets and helicopters on fire in an airbase in southern Syria over the weekend.  The Syrian army has been accused of a massacre that killed more than 100 people last week.  (more…)

By Greg hunter’s USAWatchdog.com 

On Friday, both gold and the Dow flashed the same warning signal—the economy is in deep trouble.  The Dow plunged nearly 275 points on the news of a weak jobs report, and gold rocketed higher by $66 on speculation global bankers are going to print money to resuscitate a dying financial system.  You do not get this kind of tandem move in opposite directions by coincident.  Last week, both the stock and gold markets appeared to stop pretending and acknowledged the vortex of debt and insolvency that could suck us all into a black hole.

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By Greg Hunter’s USAWatchdog.com 

Greece is on life support.   Spain is experiencing bank runs.  Many countries are in or heading into recession.  The European Union is in gridlock over what to do.  The bankers want money printing for bailouts and want the people to pay for it.  The leadership in the EU is, also, pushing for Euro-bonds that will spread the debt out to all the countries.  (more…)

By Greg Hunter’s USAWatchdog.com 

You know things are heating up when the banks start with scare tactics.  In Greece, the bankers are in full court press to sway voters for next month’s election.  Reuters reported yesterday, “In a report released ahead of an election on June 17 that may determine whether the country stays in the single currency, the country’s biggest bank said the risk of Athens exiting the euro was no longer just a theoretical possibility, warning that the fallout from such a move would be dramatic.  (more…)

By Greg Hunter’s USAWatchdog.com

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.  (more…)

By Greg Hunter’s USAWatchdog.com 

The big meeting, this week, in Iraq concerning Iran’s nuclear program was a big bust.  The meeting, once again, ended the same way the last one did—with a date for another meeting.  The next one is in Russia, next month, and will involve all the same world powers (U.S. UK, France, Germany, Russia, China and Iran).

The West wants Iran to stop enriching uranium to high levels for fear of turning it into a nuclear weapon.  (more…)