The Middle East keeps getting hotter every week. Iran just finished war games in the Persian Gulf and threatened to shut down the Strait of Hormuz because of increasing sanctions. It is now warning the U.S. Navy to stay out of the Gulf with its aircraft carriers. The Pentagon is ignoring the threat and says it is going to keep on doing business as usual. It is also reported that the U.S. is conducting military exercises in in Israel. It’s been done before, but the timing could not be more provocative. Is the U.S. Fed bailing out Europe—again? According to one former Fed VP, the answer is a resounding yes! Ron Paul came in a close third in the Iowa Caucuses, but there are questions arising on shenanigans that may have cut his vote total. Karl Rove predicted Romney would win by a narrow margin when all the networks were reporting the race was too close to call. Who were his sources, and was there a back room deal cut on the outcome? Dennis Gartman of the Gartman (financial news) Letter has reversed a major call on gold. Three weeks ago, he said to sell because it was in a bear market. Now, he says he made a mistake and claims it is still a bull market for the yellow metal. All these stories and more from Greg Hunter’s USAWatchdog.com in the Weekly News Wrap-Up.
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.