By Greg Hunter’s USAWatchdog.com 

Germany brings Europe and the world back from the edge of a financial abyss.  It voted to expand the EU bailout fund.  This is not over by a long shot.  Things are much worse that in 2008.  For one thing, 3 big U.S. banks have been downgraded, and there were no banks downgraded in the last calamity.  On a political note, Herman Cain has been climbing in the polls right along with Ron Paul.  (more…)

By Greg Hunter’s USAWatchdog.com 

You got to wonder what kind of country we are living in when people protesting Wall Street greed and corruption are pepper sprayed.  Meanwhile, the crooks that caused a global meltdown sit and look out their plush offices and collect fat bonuses.  You wonder why people are protesting?  How about the fact that not a single high-ranking Wall Street banker has gone to jail over this calamity, let alone been investigated.  (more…)

By Greg Hunter’s USAWatchdog.com

Just about everywhere you turned yesterday, the mainstream media (MSM) was talking up the good news in the latest Case-Shiller Home Price Index report.  For example, the online version of USA Today had a headline that read “Spring buying boosts home prices, market still sluggish.”  The first line of the story said, “Prices rose 0.9% in July over June, marking the fourth-consecutive month of increases for the Standard & Poor’s Case-Shiller index released Tuesday.”  (more…)

By Greg Hunter’s USAWatchdog.com  (revised and corrected)

It looks like what I said yesterday was not accurate.  I said that Alessio Rastani was a professional trader.  In reality, this so-called trader in the video is much more of a talker than a trader.  I and the BBC and probably many other media outlets got hoodwinked on this one.  I am sorry for that. (Click here for a link that really explains Rastani’s qualifications.)     Now that revision and correction is out of the way,  I believe what he says is on target.  I think that is why he fooled so many into thinking he is a big time trader.  That said, I think the video is still worth listening to.  What follows is my original intro to the video. (more…)

By Greg Hunter’s USAWatchdog.com  

I keep hearing the so-called experts say how much better shape the banks are in now than in the last financial meltdown of 2008.  To that, I say horse hooey!  Any expert worth his salt knows that nothing has been fixed in the financial system.  The problems were papered over with fiat currency and the proverbial can kicked down the road—ting ting ting.  (more…)

By Greg Hunter’s USAWatchdog.com 

Economic meltdown 2011!  That’s the headline of the week.  This has been brewing since the last financial crisis in 2008 because nothing got fixed, but the bankers got some sweet bonuses.  World financial powers have scraped together 1.6 trillion to stop the meltdown this time, and so far it has not worked.  $16 trillion was pumped out by the Federal Reserve the last time and I expect a repeat performance by the Fed.  (more…)

By Greg Hunter’s USAWatchdog.com 

The “you know what” hit the fan today with sharp selloffs of just about everything.  The Dow was off nearly 400 points–ouch!  So much for the so-called “recovery.”  Gold made a significant comeback after being down nearly $80 at one point, but it still took one on the chin.  Yesterday, Fed Chief Ben Bernanke admitted that the world economy was in the tank and headed lower when he said there were “. . . significant downside risks to the economic outlook, including strains in global financial markets.”  (more…)

By Greg Hunter’s USAWatchdog.com  Have you heard about the Wall Street protest in lower Manhattan called “Occupy Wall Street”?  It started Saturday, and it basically is a protest against greed and corruption in the financial markets. The Wall Street protests really haven’t gotten much attention from the mainstream media (MSM).  I wouldn’t call it a media blackout, but it sure looks gray to me.  (more…)

A few weeks ago, the Telegraph UK did a story about the sharp drop in foreign holdings of U.S. Treasuries.  One of the big buyers of American debt is, of course, China.  There are those that think China is forced to buy our debt otherwise its economy will collapse.  Until the Treasury releases what is called “TIC” data  (Treasury International Capital) in November, we really will not know what is going on. (more…)

By Greg Hunter’s USAWatchdog.com 

It doesn’t seem that anyone is worried much about another enormous bailout to stabilize the world financial system that kicked off last week.  According to one top European banker, many of the biggest banks there are insolvent.  The problem is so large that the European Central Bank along with the Bank of Japan, Bank of England, Bank of Switzerland, and the U.S. Federal Reserve will all team up and bailout Europe—again. (more…)

Greg Hunter’s USAWatchdog.com 

Looks like the Federal Reserve will print trillions of fresh dollars to head off another financial meltdown.  Europe will be bailed out for the second time in 3 years!!  In the last crisis, the Fed handed foreign banks $5 trillion, and now those banks are in trouble again.  Speaker of the House John Boehner is putting down Obama’s jobs bill. (more…)

Greg Hunter’s USAWatchdog.com 

Treasury Secretary Tim Geithner said yesterday that European states “are going to have to do more” to solve their enormous debt troubles.  To that I ask, “more” of what?  That can only be “more” money printing.  Mark my words, more debt and fiat currency will be the ultimate answer to the European debt problem.  It is either that or let the banks and some countries in Europe go under.  If Greece was the only country to default and leave the EU, then that would not be all that bad.  The real problem is all the other heavily indebted countries that are levels of magnitude more of a problem than little Greece. (more…)

By Greg Hunter’s USAWatchdog.com 

It is hard being a front runner, and just weeks after entering the race for President, Governor Rick Perry now knows it.  During the Republican Presidential debate on Monday night, Perry was hammered for signing an order in Texas four years ago requiring pre-teenage girls to be vaccinated against the human papillomavirus.  HPV is a sexually spread virus that can cause cervical cancer.  (more…)

Greg Hunter’s USAWatchdog.com

This is a take-off on a commercial produced last November by Citizens Against Government Waste.  It was so controversial that major networks would not air it.  In this version, Congressman Ron Paul is inserted.  It is totally unofficial and not produced by the Paul campaign, but it is just as powerful as the original version.   I thought this would be fun to watch in now that the second Republican debate is behind us. (more…)

By Greg Hunter’s USAWatchdog.com 

The head of the International Monetary Fund, Christine Largarde, said Friday the world economy is entering a “dangerous new phase.”  Lagarde is referring to a debt bubble, the likes of which the planet has never seen before, and the possibility that it could all unravel at any moment.  Uncertainty over the debt crisis in Europe is what caused the Dow to crash more than 300 points at the end of last week.   What is Lagarde going to do about the debt problem? (more…)