By Greg Hunter’s USAWatchdog.com 

Could the credit crisis we face globally destroy civilization as we know it?  Richard Duncan, author of a new book called, “The New Depression: The breakdown in paper money,” says yes!  Duncan claims the $50 trillion in credit expansion in the last 40 years must continue or the system will basically fall into complete chaos.  (more…)

By Greg Hunter’s USAWatchdog.com 

Investment banker and Wall Street insider James Rickards says the Libor rate rigging scandal “is the greatest fraud and greatest potential liability in history.”  He thinks rate rigging banks could be on the hook for “$2.5 trillion,” and “The potential damages could destroy the banking system.” 

Rickards is the author of the best seller “Currency Wars: The Making of the Next Global Crisis.”  He says, “Too big to fail has turned into too big to jail.  These guys are outside the legal system.  They can do whatever they want.”  (more…)

By Greg Hunter’s USAWatchdog.com 

Syria is on fire.  Top aides of President Assad were killed in a bombing attack this week by rebels.  The government responded by shelling neighborhoods around Damascus.  Syria is threatening to take its chemical weapons out of storage.  Israel is worried these weapons could fall into the hands of Hezbollah and is threatening a preemptive attack.  Increased sanctions against Syria were vetoed in the U.N. by China and Russia.  (more…)

By Greg Hunter’s USAWatchdog.com 

“We are in a computer generated dream world . . . because everything is rigged.”  That’s what Ron Hera of Heraresearch.com said this week when interviewed about living in an age he calls “The end of cheap everything.”  The system isn’t going to collapse, it already has.  Hera says, “I think the system failed in 2008, and we are essentially living on borrowed time.”  (more…)

By Greg Hunter’s USAWatchdog.com 

Former Assistant Treasury Secretary Paul Craig Roberts says, “The last thing the banks want is a rise in interest rates that would drive down the values of their holdings and reveal large losses masked by rigged interest rates.” The Libor rate rigging scandal was all about keeping the financial system and the big banks from failing.  Forget prosecuting the perpetrators because (more…)

By Greg Hunter’s USAWatchdog.com 

The Libor interest rate rigging scandal is being called the biggest financial fraud in history.  Libor is a key interest rate that is used globally to set as much as $800 trillion in transactions.  It is used to set interest rates for things such as credit cards, student loans, mortgages, corporate bonds and hundreds of trillions of dollars in derivatives.   Libor stands for the London Inter-Bank Offered Rate.  It is supposed to be an estimate of what it would cost for some of the biggest banks in the world to borrow money from one another.  Sixteen global banks are involved in setting the rate, (more…)

By Greg Hunter’s USAWatchdog.com

It looks like things are continuing to heat up in the Middle East.  Last week, there was news that the U.S. was sending more military assets to the Persian Gulf.  This week, the buildup continues with news the U.S. is sending underwater drones to combat possible Iranian mines and their drones.  Meanwhile, in Syria, the Russians are reportedly sending a flotilla of 11 warships to the Syrian coast for maneuvers.  (more…)

By Greg Hunter’s USAWatchdog.com

The One-on-One series continues with Yale Professor Robert Shiller.  He predicted the current housing meltdown which is now five years old.  If you think we are at the bottom, think again.  When asked, “If the current housing crisis was a baseball game, what inning would it be?”  Shiller replied, “Maybe we’re in the fourth.”  Shiller recently said that home prices may not recover “in our lifetime.”  (more…)

By Greg Hunter’s USAWatchdog.com 

Chris Duane was a 30 year old millionaire working at his family’s East coast car dealerships when he walked away from it all to become a citizen journalist.  He sold his house in 2005 and started renting just before the real estate crash.  He began warning anyone who would listen about the collapse and paradigm change coming to America.  (more…)

By Greg Hunter’s USAWatchdog.com 

Iran is back in the news.  There was a lot of activity, this week, involving the Iranian nuclear program and efforts by the West to curtail it.  New oil sanctions kicked in from Europe.  The Iranians have, once again, threatened to close the Strait of Hormuz as retaliation for the sanctions.  (more…)

By Greg Hunter’s USAWatchdog.com 

Renowned forecaster Gerald Celente is the publisher of the Trends Journal.  Celente has a history of spotting trends and predicting future events such as the fall of the Berlin Wall and the financial meltdown of 2008 long before they occurred.  Celente is spotting new trends, and things do not look good. Gerald Celente thinks, “The banks are taking over the world.”  That’s what is really happening in Europe with the sovereign debt crisis.  (more…)

Anselm Rothschild famously said, “Give me the power to issue a nation’s money; then I do not care who makes the law.”  It looks like the bankers are taking control of the Eurozone with their latest bailout plan to “inject” printed money directly into the banks.  I guess this is one of the main reasons why Howard Buffett (Warren’s dad) said this decades ago: “The gold standard acted as a silent watchdog to prevent ‘unlimited public spending. (more…)

By Greg Hunter’s USAWatchdog.com 

The big headlines, last week, would lead you to believe the European debt crisis is on its way to being fixed. Reggie Middleton of BoomBustblog.com says, “Europe is insolvent,” and nothing is fixed.  (more…)

By Greg Hunter’s USAWatchdog.com 

The Affordable Care Act, or Obama Care, has been upheld by the Supreme Court.  As I was watching the mainstream media on television yesterday, the left appeared absolutely giddy.  One of the so-called fact checkers said it would cost around a trillion dollars over the next 10 years.  Fact checkers?  (more…)

By Greg Hunter’s USAWatchdog.com

You might think the U.S. is only helping out the people of Syria with humanitarian aide.  In reality, the U.S. has been doing a lot more than that.  It has now been officially reported the U.S. is supplying weapons (through surrogates) to the Syrian rebels in a bloody civil war.  Congressman Ron Paul spelled out what has been happening on the floor of the House yesterday.  (more…)