By Greg Hunter’s USAWatchdog.com  There are plenty of reasons why the U.S. dollar is under downward pressure.  There have been massive bailouts of the global banking system by the Federal Reserve, exploding deficits and a movement globally to move away from doing business in dollars.  Now, there is a new threat, and it is being pushed by U.S. foreign policy with Iran.  (more…)

Greg Hunter’s USAWatchdog.com

Buying gasoline these days has turned into a horror show.  I filled up my car and handed the attendant a $50 bill to turn the pump on.  I had a little more than a quarter of a tank.  So, I thought that would do the trick and peg the needle past full with change to spare.  I was wrong.  I stood in shock as the pump rolled right past $40 and up to $50.  The car (which is a Buick Lacrosse) was still not quite full.  I thought, $50 is not enough to fill up a standard size car with already more than a quarter of a tank?  (more…)

By Greg Hunter’s USAWatchdog.com 

The top story on the USA Today Newspaper was titled “NFL’s Big Hit.”  I could not believe this was their lead.  This week, there were several stories that I think should have taken its place as the single most important thing Americans should know about.  (more…)

Greg Hunter’s USAWatchdog.com 

If you listen to the mainstream media, you would think that we are in a recovery and the future of the U.S. dollar’s reign as world reserve currency is not in jeopardy.  But a look on alternative news sites tells a different story.  The dollar is quietly under attack, and the latest assault comes from Brazil, Russia, India, China and South Africa (aka BRICS) who want to start a joint bank.  The dollar (as a reserve currency) does not really benefit the BRICS, but it is a necessary evil for international trade—at the moment.  (more…)

By Greg Hunter’s USAWatchdog.com  (Revised)

Ever since the original Patriot Act was passed by Congress in 2001, American civil liberties have steadily shrunk and government control has steadily grown.  In a financial crisis, your bank or brokerage can severely restrict the amount of money you can withdraw from your accounts.  The government can now assassinate so-called terrorists anywhere in the world, including on U.S. soil.    (more…)

By Greg Hunter’s USAWatchdog.com

I suspect most of the Members of the European Parliament really despise Nigel Farage.  Farage  represents the United Kingdom, and even though the UK is a member of the EU, it does not use the Euro as its currency.  Farage is a straight talking truth-teller and says things about the latest Greek bailout such as (more…)

By Greg Hunter’s USAWatchdog.com   

Plenty of financial news was made last week which gave us lots of questions for Karl Denninger.  It seems almost every week, there is a major story coming out of Wall Street, Washington D.C. or from the other side of the Atlantic.  Greg Hunter talks to Karl Denninger of Market-Ticker.com to get some answers.  (more…)

By Greg Hunter’s USAWatchdog.com 

Israel and Iran are, once again, the big stories this week.  The Prime Minister of Israel, Benjamin Netanyahu, basically said he doesn’t need the blessing of the U.S. to attack Iran’s nuclear sites.  Meanwhile, the U.S. has given Iran a “last chance” ultimatum to work out a peace deal with its nuclear program or be attacked by the end of the year.  Can war be far away?  (more…)

The nice folks at RNN gave me and USAWatchdog.com a nice plug.  It, also, broke some news that was basically ignored by the MSM this week.  The U.S. gave Iran a “last chance” ultimatum about its nuclear program.  This is a cartoon, but what it is talking about is anything but funny.  (more…)

By Greg Hunter’s USAWatchdog.com 

Yesterday, a short but ominous press release was issued at the Commodities Futures Trading Commission.  It said, “At the request of CME Clearing Europe Limited (CMECEL), pursuant to Section 7 of the Commodity Exchange Act, the Commodity Futures Trading Commission issued an Order on March 13, 2012, vacating the registration of CMECEL as a derivatives clearing organization.”   (more…)

Monday’s post closed with, “. . . The nonpartisan agency projected the government will run a deficit of $229 billion in February, the highest monthly figure ever.”  (Click here for the complete report from the Washington Times.)    That means the government spent nearly $8 billion more than it took in each and every day of last month (29 days).  (more…)

By Greg Hunter’s USAWatchdog.com   (Revised)

The way the latest unemployment numbers were reported by the mainstream media (MSM), you would think the Great Recession was over and the United States was solidly on the road to recovery.  The Associated Press reported the numbers by the Bureau of Labor Statistics (BLS) with a story that said (more…)

By Greg Hunter’s USAWatchdog.com 

The big story was the meeting between the Prime Minister of Israel and the President of the United States on Monday.  Netanyahu told Obama in no uncertain terms that he was tired of waiting to attack Iran over its nuclear program.  Iran has said repeatedly it is for the peaceful production of energy, but Israel is not buying it.  (more…)

In my mind, ever since Financial Accounting Standards Board (FASB) allowed the banks to value things like mortgage-backed securities and real estate at whatever  they think they will be worth in the future, the system was insolvent.  The banking insolvency problem in America is so profound (FASB) changed the accounting rules in April of 2009 to cover it up.  In short the big banks,who control most of the assets in this country, are a mess and the system needs to be fixed.  (more…)

By Greg Hunter’s USAWatchdog.com 

On Monday, President Obama and Israeli Prime Minister Benjamin Netanyahu met in the White House to discuss how they were going to handle Iran’s nuclear program.   I think the meeting was a disaster for anyone who thinks we are on the way to settling the situation with sanctions and diplomacy.  The President wants to give sanctions against Iranian banking and petroleum exports a chance to work.  They are harsh and getting rougher by the month.  (more…)