Latest Posts
Government Dodges Dire Gulf Claims
By Greg Hunter’s
Last week, guest writer James Howard Kunstler wrote a compelling and controversial article on this site called, “What If He’s Right.” It was about shocking comments made by veteran oil analyst Matthew Simmons in an interview about some extreme dangers BP’s Gulf gusher pose. Kunstler did a great job with the article, but the comments were so alarming I felt further work was needed to verify Simmons’ claims. (more…)
Irrational Exuberance to Unusually Uncertain
By Greg Hunter’s USAWatchdog.com
The decade of the 1990’s is America’s modern day equivalent of the Roaring 20’s. Back then, we were making great strides in productivity. We had near full employment, the government had a surplus of cash and the stock market was making many people rich. The future looked so bright in December of 1996 that Fed Chief Alan Greenspan warned investors not to get carried away with the good times. (more…)
What If He’s Right?
By James Howard Kunstler
Guest Writer for Greg Hunter’s USAWatchdog.com
More on the Dollar
By Greg Hunter’s USAWatchdog.com I wanted to do a little more on the coming plight of the U.S. dollar. I received this comment from a reader named Billhopen who wrote, “Inflation??? you go to lengths quoting Karl Denninger (Market Ticker) who will tell you its is massive default, delevering, etc that will lead to DEFLATION….Your thesis is lacking on how we get an inflated currency from or situation, and certainly you can’t quote Karl to support that theory.” (more…)
Inflation Nation
By Greg Hunter’s USAWatchdog.com
I have been saying for months the path the country will ultimately take will be the inflation path. Yes, I know we have had some deflationary signs in the past. The financial meltdown of 2008 would have been a deflationary event if the government had not stepped in with cash. (more…)
Media Spin Will Not Stop the Coming Downturn
By Greg Hunter’s
There is hardly a day goes by I don’t hear some spin about the economy and how the so-called “recovery” is progressing. Last week’s job numbers is a classic example. It seems the jobless claims fell to an eight week low. (more…)
A Nasty Email Says I Don’t “Get It”
By Greg Hunter’s
I got this rather nasty email from a reader who identified himself with only an email address. So, I am going to identify this person with the first part of the address, which is Jdavidm24. Here is what he had to say about my most recent post called, “Two Stories that Should Scare the Heck Out of You.” (more…)
Two Stories that Should Scare the Heck Out of You
By Greg Hunter’s
I was sitting here trying to find a way to wrap up the week and then, like a bolt of lightning, an idea hit me. Gold expert Jim Sinclair sent me this story: “Federal Budget Deficit Hits $1 Trillion For 1st 9 Months Of FY’10.” The story said, “The shortfall, reflecting $2.6 trillion in outlays for the first three quarters and $1.6 trillion in receipts, narrowed slightly compared with the same point in fiscal 2009.” (more…)
“Myths” Paul Krugman Does Not Want To Talk About
I have been telling you for months there is going to be a double dip in the economy. Nobel Prize Winning economist Paul Krugman also thinks the economy is so bad we need to keep on stimulating the economy. In a New York Times Op-Ed piece last week, Krugman said, “. . . somehow it has become conventional wisdom that now is the time to slash spending, despite the fact that the world’s major economies remain deeply depressed.” (more…)
Greg Hunter On The Edge With Max Keiser
By Greg Hunter’sUSAWatchdog.com
I was interviewed by Max Keiser in Europe last week. For the 4th of July holiday on Monday the 5th, I am posting part three of a three part interview. (more…)
Another Sign on the Road to a Devalued Dollar
By Greg Hunter’s
The President gave a speech on immigration reform yesterday. One of the most outrageous things the President said, “The southern border is more secure today than at any time in the past 20 years.” Please, Mr. President, Phoenix is the kidnapping capitol of America, second only in the world to Mexico City. Meanwhile, as the President tried to score political points, questions about the viability of the U.S. dollar as the world reserve currency are increasing on the world stage. (more…)
Stealth Austerity Already Hitting the U.S.
By Greg Hunter’s
Last week, at the G20 meeting in Toronto, there was much discussion about money printing for bailouts and cutbacks for austerity. These were the two main options talked about to deal with the economic malaise facing the globe. The U.S. is firmly in the money printing camp. Europe, on the other hand, is officially taking the cutback and austerity path. (more…)
Financial Reform Bill Will Not Stop the Next Meltdown
By Greg Hunter’s
The much awaited financial reform bill was finished up in an overnight marathon House and Senate committee session last week. Now it appears there is a holdup in the Senate because of the $19 billion bank tax contained in the legislation. Several Senators on both sides of the isle want to remove the tax leaving a bill that must be paid for by taxpayers or not implemented at all. This bill came about as a result of the near collapse of the financial system brought about by reckless bankers with little oversight and regulation. It is supposed to reign in the banks and not allow any bank to be “too big to fail.” (more…)
Double Dips Coming Everywhere
By Greg Hunter’s
Respected banking analyst Meredith Whitney dropped a bomb on CNBC at the beginning of the week by saying, “Unequivocally, I see a double-dip in housing. There’s no doubt about it . . . prices are going down again.” Whitney warned as foreclosures and short sales go north, bank profits head south. She said, “You look at the non-performing loans on bank balance sheets and they have doubled in one year alone (more…)
Pedro’s Nightmare BP Scenario
By Greg Hunter’s
The possibility of a BP bankruptcy because of the ongoing Gulf oil spill is very real. Since the oil spill disaster on April 20, the company’s share price has been cut in half. BP has lost $90 billion in value for shareholders. The company dividend has been diverted to help pay for stopping the out-of-control well, cleanup and damages. At the beginning of this month, the President said, “Untold damage is being done to the environment — damage that could last for decades.” This broken well is spewing out an Exxon Valdez every 4 or 5 days, and experts say it will be at least 2 months before it is stopped. (more…)