By Greg Hunter’s USAWatchdog.com

This post is going to be a little different because I want you all to be an even bigger part of the site than normal.  I want you to give me your predictions for 2011.  It can be as simple as what you think the price of gold, silver and oil will be, or as complicated as what country or countries might go to war. (more…)

Greg Hunter’s USAWatchdog.com (updated)

From the very beginning of QE2, it was no secret the Federal Reserve wanted the stock market to rise.  The Fed got its wish.  Many people see the stock market increase of nearly 20% in a few short months as a sign things are turning around.   The turnaround is really a mirage of the printing press. (more…)

By Greg Hunter’s USAWatchdog.com

The mainstream media was at it again last week–putting a positive spin on the awful real estate market.  The USA Today headline on top of the “Money” section last Thursday read “Optimism for home sales adds up.”   The story said, “The trend is starting to move in the right direction,” says Diane Swonk, chief economist at financial services firm Mesirow Financial.  (more…)

By Greg Hunter’s USAWatchdog.com (corrected) Anybody who reads this site knows I can get pretty heavy handed when it comes to reporting and analyzing the news.  Sometimes I freak myself out, but the facts are the facts–things are bad.  In the spirit of Christmas, I am going to take this opportunity to share with you a couple of pretty funny YouTube videos.   If we are all going to get through this, we need to take time for a little levity. (more…)

Greg Hunter’s USAWatchdog.com

I have been pretty hard on “CBS 60  Minutes” for doing fluff interviews with Fed Chief  Ben Bernanke and not asking the hard questions that would be obvious to a freshman journalism student.  In all fairness, I have to admit last Sunday’s story called “The Day of Reckoning” was an eye opening, hard hitting piece. (more…)

By Greg Hunter’s USAWatchdog.com

Some people see the Internet as an electronic world of wires and computers run at speeds measured in nanoseconds.  I tend to see the Internet as an electronic extension of human biology.  Sample enough of the Internet in the right places and you can get a snapshot of what people are generally feeling. One of my own readers, Alyce, commented recently, “It’s easy for people to become lulled into a false sense of security. (more…)

One of the headlines in yesterday’s USA Today read, “Foreclosures take biggest dive in years in November.” That would make you think things are getting better in the rent vs. buy arena. When you read the story, you realize things are just taking a breather and about ready to get worse.  Why does the mainstream media feel it has to spin stories to make the economy look better than reality?  I think this is a blatantly dishonest headline.  Why do I say that? (more…)

By Greg Hunter’s USAWatchdog.com

There are some big messages being put out by the government that appear to be for the sole purpose of reassuring the public that everything is under control.  Bernanke appeared on “60 Minutes” 10 days ago to tell the public that he is “100 percent” sure inflation is not going to be an issue, and that it’s a “myth” the Fed is “printing money.” I am not going to touch on the veracity of his statements.  (more…)

Greg Hunter’s USAWatchdog.com

I want to share with you two videos that will surely enlighten and maybe even enrage you.  The first is from “The Daily Show.”  It seems a comedy show that repeatedly claims to do “fake news” was the only mainstream media outlet to call BS on Fed Chief Ben Bernanke’s BS.  Bernanke stated on “60 Minutes” last Sunday that the Fed was “not printing money.” (more…)

By Greg Hunter’s USAWatchdog.com

I was on French TV last week on a show called “On The Edge with Max Keiser.” Keiser is a former Wall Street broker with inside knowledge of  how fat cats claw out insane profits and rip off the public.  He had me on to talk about  the mortgage fraud and the securitized debt mess.  (more…)

By Greg Hunter’s USAWatchdog.com

It appears the CBS TV show 60 Minutes is the Federal Reserve’s go-to place to get its message out to the country.  Fed Chief Ben Bernanke, basically, told America last night that the trillions he pumped out into the world economy, because of the 2008 financial meltdown, was necessary to save us all from a depression.  Ben also reassured America and the world Quantitative Easing (QE), or printing vast amount of dollars, will not have an inflationary downside.  He told 60 Minutes reporter Scott Pelley he is “100%”sure inflation will remain under control and will not soar higher.  (more…)

By Greg Hunter’s USAWatchdog.com

The Federal Reserve made a stunning revelation this week.  It admitted to pumping $9 trillion into the economy because of the financial meltdown in 2008.  It provided overnight loans to big U.S. banks with most of the trillions of dollars deployed to keep the system from imploding.  Yes, the Fed is credited with saving the world from apocalypse, but how incompetent and corrupt does an institution have to be to let things get this far out of control?  This should not be considered as a grand victory but a magnificent failure. (more…)

By Greg Hunter’s USAWatchdog.com (revised)

With all the attention stories such as WikiLeaks and Irish bailout have gotten the last few days, a bombshell judgment against Bank of America in a New Jersey foreclosure case has been overlooked.  The judgment happened 2 weeks ago in a case involving the home of John T. Kemp.  His original mortgage company was Countrywide, but B of A bought Countrywide a few years back and, in turn, also acquired servicing rights to Kemp’s mortgage.    (more…)

By Greg Hunter’s USAWatchdog.com

It is official.  Ireland was bailed out yesterday by the European Union with a financial package totaling more than a $112 billion.  This money bails out Irish banks but coincides with steep cuts in the Irish budget.   Marketwatch.com is reporting, “This program is absolutely essential for the country,” said Irish Prime Minister Brian Cowen at a press conference in Dublin. “We have carefully considered all available policy options. (It’s) the best available deal for Ireland.” (more…)

The article you are about to read is from Ellen Brown.  She writes a good post here, but I disagree with one of her main points.  She says Quantitative Easing (QE) will not cause inflation because of “$15 trillion in write-downs in collateral and credit.”  To refute this, I quote Nobel Prize winner Milton Friedman who said, “Inflation is always and everywhere a monetary phenomenon.”  If a country could simply buy its own debt with zero downside, I say we should have been doing this all along. The rest of Brown’s article is very good and puts a clear focus on this round of QE.  She correctly points out it is being used to mainly finance the U.S. government over the next 8 months. (more…)