By Greg Hunter’s USAWatchdog.com

Yra Harris is called a “trader’s trader.”  He says the latest deal on Greek debt is just “pretend and extend. . . . The real problem is Spain because they’re big, they’re in debt and they have 27% unemployment.”  Everyone in the Western world is dealing with the sovereign debt mess by printing money and suppressing interest rates.  (more…)

By Greg Hunter’s USAWatchdog.com 

This week was dominated by news of former CIA Director General Petraeus’ affair that caused his abrupt resignation as head of the Central Intelligence Agency.  This dwarfs the coverage of the 9/11/12 terror attack in Benghazi, Libya, where our ambassador and three others were assassinated.  Why did this happen?  Were there warning signs?  Many say yes.  (more…)

By Greg Hunter’s USAWatchdog.com 

After $6 billion spent on this election cycle, we have nearly the exact same Republican controlled House and Democratic controlled Senate and, of course, Barack Obama won re-election.  Get ready for more gridlock.  I do think some kind of deal will be made, but there’s no way we get one unless some taxes go up and spending cuts are enacted.  Congress and President have until the end of the year when mandatory cuts and tax increases take effect.  (more…)

Greg Hunter USAWatchdog.com 

It’s hard to believe how little Americans know about the real issues facing them after $6 billion was spent by both parties getting their message out (a record $2 billion for President alone).  I don’t blame the politicians in this or any election cycle.  After all, why talk about tough issues and choices if you are not pressured to do so.  (more…)

By Greg Hunter’s USAWatchdog.com 

There is no bigger sign post about the state of the U.S. economy than the Federal Reserve’s announcement in September of “open ended” QE.  This is unlimited money printing that is being done by the Fed until further notice.  All the talk of the so-called “recovery” was reduced to a gigantic lie perpetrated on the American people.  (more…)

By Greg Hunter’s USAWatchdog.com 

The third and final Presidential debate was this week, and I thought it was a draw.  Neither Romney nor Obama scored a knockout blow.  I can’t believe we had these debates and not a single question was asked about the $85 billion a month being printed by the Fed.  This is unprecedented in human history.  What could go wrong?  

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By Greg Hunter’s USAWatchdog.com 

There’s a new U.N. report out that claims Iran has doubled its number of uranium enrichment machines.  This does not bode well for diplomacy in settling the standoff over Iran’s nuclear program which is largely being done in heavily fortified underground bunkers.  The Obama administration has said once again, this week, diplomatic options will not remain open “indefinitely.”  (more…)

By Greg Hunter’s USAWatchdog.com 

There was some good news released yesterday by the Standard & Poor’s/Case-Shiller home price index.  Residential housing prices rose .5% year-over-year for the first time since June of 2010.  In a press release, David M. Blitzer, Chairman of the Index Committee, said, “All 20 of the cities saw average home prices rise in June over May and all were by at least 1.0%. . . . We are aware that we are in the middle of a seasonal buying period, but the combined positive news coming from both monthly and annual rates of change in home prices bode well for the housing market.”  (more…)

By Greg Hunter’s USAWatchdog.com 

I don’t see how anyone could say the financial system is stable.  The facts say it is anything but well-balanced and steady.  The Western world is in crisis with Europe leading the way over the financial cliff.   Pick a country in the EU.  France, Greece, Spain or Italy are all capable of causing the next financial panic.  I can’t tell you how many times I’ve heard or read the word “collapse” in reporting on this spiraling financial crisis.  (more…)

By Greg Hunter’s USAWatchdog.com 

Eric Sprott of Sprott Asset Management is one of the best performing money managers with returns topping 20% for more than a decade.  He has $10 billion under management, and it’s no secret Mr. Sprott is a long term bull on physical gold and silver.  It looks like other big money men like “Bond King” Bill Gross are also thinking about going long on the yellow metal.   Sprott points out, “When the Bond King goes to some sort of physical asset, I think you can see some kind of sea change.”  (more…)

By Greg Hunter’s USAWatchdog.com 

The Libor interest rate rigging scandal is being called the biggest financial fraud in history.  Libor is a key interest rate that is used globally to set as much as $800 trillion in transactions.  It is used to set interest rates for things such as credit cards, student loans, mortgages, corporate bonds and hundreds of trillions of dollars in derivatives.   Libor stands for the London Inter-Bank Offered Rate.  It is supposed to be an estimate of what it would cost for some of the biggest banks in the world to borrow money from one another.  Sixteen global banks are involved in setting the rate, (more…)

Dr. Paul Craig Roberts

By Greg Hunter’s USAWatchdog.com 

There has been plenty of calamitous news surrounding the European debt crisis.  Greece is insolvent.  Spain just got a big bank bailout, and Ireland wants a new bailout deal.  No matter how bad it looks in the EU, Paul Craig Roberts says the problems in Europe are “nowhere near as big as the ones here.”  The U.S. is printing massive amounts of money to paper over the mess, but it won’t work.  Roberts says a collapse of the U.S. dollar could happen at any moment.   (more…)

By Greg Hunter’s USAWatchdog.com 

There has been so much bad economic news out, recently, I do not see how anyone with half a frontal lobe could say the economy is not in trouble.   Friday, new unemployment figures were announced, and a weak 119,000 jobs were created.  The rate fell to 8.1%, but only because more discouraged workers stopped looking for work and disappeared from the government’s data base.   (more…)

By Greg Hunter’s USAWatchdog.com 

It is official.  State and federal governments have condoned forgery, perjury and fraud in what’s been called the “robo-signing” foreclosure debacle.  Last week, the five biggest banks in America signed on to a $26 billion deal that, basically, lets them off with a slap on the wrist for fraudulently foreclosing on homes in the last few years.  (more…)

By Greg Hunter’s USAWatchdog.com

Something a little different today.  I have three videos for you to watch.  The first features a guy named Eddie Hobbs.  He is a financial planner and expert from Ireland.  In recent weeks, some of my stories have indicated there could be bank runs in the EU.  Last week, Mr. Hobbs confirmed the wealthy are indeed taking money out of EU countries with sour sovereign debt.  (more…)