By Greg Hunter’s USAWatchdog.com

The second round of quantitative easing (QE2) is scheduled to end June 30, and already there are calls for more financial stimulus to keep the economy from falling off a cliff.  The latest call came from Larry Summers, former head of the Obama Administration’s financial team.  In an Op-Ed piece that ran on Reuters last Sunday, Summers pitched the idea of a $200 billion cut in the payroll tax. (more…)

By Greg Hunter’s USAWatchdog.com

It seems the mainstream media (MSM) is waking up from its long sleep.  The dream world of “green shoots” and “recovery” is fading into staggering unemployment and plunging home prices.  Most of us in the real word have known for some time that there is no recovery.  People are not optimistic no matter how many times they are told things are getting better, and a recent poll by the Daily Beast and Newsweek proves it.  (more…)

By Greg Hunter’s USAWatchdog.com

I am going to be putting a new segment on the site called  the Weekly News Wrap-up.  I will  be highlighting the important news you need to be watching.  I will not be covering things such as Anthony Weiner and his lewd twitter pics.  I frankly do not care about crap like that and you shouldn’t either. (more…)

By Greg Hunter’s USAWatchdog.com

I have been saying repeatedly that the one thing you can count on is inflation.  If you take housing out of the picture, that is exactly what we have been getting.  The Fed wants inflation and loathes deflation.  Ben Bernanke and other Fed officials have consistently said they want to support “asset prices.” (more…)

By Greg Hunter’s USAWatchdog.com

There are plenty of folks flocking to the internet these days to tell the world why gold and, particularly, silver are finished as an investment and wealth protection opportunity.  Some are even screaming to sell now before gold and silver prices tank.  To give you an example of what I am talking about, I want to share a comment with you from a reader named Michael.  (more…)

By Greg Hunter’s USAWatchdog.com

Remember back in early-2009, when the mainstream media (MSM) started with the ridiculous “green shoots” talking point?  Even though the data were dismal and there were no signs of the economy recovering, the “green shoots” term was used by just about everyone in the MSM.  I think not long after economist Nouriel Roubini said that the much talked about “green shoots” was really “yellow weeds,” the talking point changed to “recovery.” (more…)

Greg Hunter’s USAWatchdeog.com

I have been telling you the economy is not in any kind of real recovery for more than a year.  Sources I have been quoting have been proven right, and all the economic cheerleaders dead wrong.  Reuters reported yesterday, “Data showing a double-dip in home prices, pessimistic consumers and a slowdown in regional manufacturing raised concerns on Tuesday that the economy’s soft patch could become protracted.” (more…)

By Greg Hunter’s USAWatchdog.com

I was out eating with my wife this weekend and saw a veteran getting out of a car with a Purple Heart on his license plate.  After my meal, as I was walking by his table, I stopped and thanked him for his service to the country.  He smiled big, and shook my hand.  My wife later asked me what I thought his war injury was. (more…)

When I was coming up in the TV reporting business, “60 Minutes” on CBS was the pinnacle of TV news.  I was lucky enough to make it to the networks (ABC and CNN) and now run my own site on the internet (which is where the news business is all heading).  Today, as far as I am concerned, “60” is not the pinnacle of journalism.  I don’t know what it is, but it is not the truth and light it once was. (more…)

By Greg Hunter’s USAWatchdog.com

I have been sour on real estate since I sold my home in Florida in 2006.  Back then, I predicted home prices were headed for a crash.  Many people thought I was crazy for saying it.  Today, my former Florida home is probably worth a little more than half of the selling price.

In one of my first articles on USAWatchdog.com in August of 2009, I said this about the real estate market forecast, “This does not mean there are not bargains out there in the market, but let’s not confuse a plateau on a downward trend as a bottom.  (more…)

By Greg Hunter’s USAWatchdog.com

President Barack Obama drew some harsh criticism from the Prime Minister of Israel, Benjamin Netanyahu, after his comment last week to return to the 1967 borders.  Like it or not, the President is trying to jump start peace talks between Israel and Palestine.  Yesterday, the President tried to reaffirm the U.S. commitment to Israel during a speech he gave to AIPAC (American Israeli Public Affairs Committee).  I listened to the entire speech, and I have to admit, it was one of President Obama’s best since he’s been in office.  (more…)

I think banks are a necessary evil, but banks do not necessarily have to BE evil.  There is a school of thought developing that banks should be more like public utilities and simply serve the public.

There is a move underfoot that is doing just that in a few states across the country.   Ellen Brown has been covering this story extensively.  Please enjoy this article.  It is both well done and enlightening.

–Greg Hunter–

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By Greg Hunter’s USAWatchdog.com

America went off the gold standard in 1971 when Richard Nixon closed the “gold window.” That meant the U.S. didn’t have to pay foreigners with gold, only dollars.  President Nixon created the first world reserve currency that was officially backed by nothing.  The U.S. has gotten to print money at will until this very day, but nothing lasts forever.   Recently, Steve Forbes (President and Chief Executive Officer of Forbes and Editor-in-Chief of Forbes magazine) predicted that a return to a gold standard is likely “in the next five years.” (more…)

By Greg Hunter’s USAWatchdog.com

New inflation figures were released by the government last week, and the news was not good.  The headline inflation number was 3.2% in the 12 months that ended in April.  That is more than a percent above the Federal Reserve’s “target” rate of 2% and the first time it has been more than 3% in over 2 ½ years.  Of course, the accounting gimmicks used by the Bureau of Labor Statistics (BLS) understate true inflation, so things look better than reality. (more…)

Many people think that there is a big difference between Democrats and Republicans, but I think there’s not much difference at all.  I have long said, the left and the right are really one body with two heads–they just take turns ripping us off.  Both parties are not all bad.  There are a few good eggs on both sides of the isle but only a few. Gerald Celente, founder of Trends Research, thinks much the same way as I do.  Celente is famous for making many spot on predictions about the future based on trends of today.  He is predicting that Congressman Ron Paul could win the Presidency in 2012.  (more…)