Viewing articles by Greg Hunter

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By Greg Hunter’s USAWatchdog.com Dear CIGAs, The $2 billion loss of JP Morgan in derivatives trading is signaling, once again, the enormous risks big banks take with taxpayer backing.  All U.S. banks are covered by the FDIC, and if a loss is big enough, it could threaten the financial system just as it did in… Read more »

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By Greg Hunter’s USAWatchdog.com Dear CIGAs, The surprise announcement by JP Morgan that it lost $2 billion in trading derivatives was portrayed in some mainstream media outlets as no big deal.  The Associated Press reported Friday, “Bank stocks were hammered in Britain and the United States on Friday, partly because of fear that a surprise… Read more »

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By Greg Hunter’s USAWatchdog.com Dear CIGAs, 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… Read more »

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By Greg hunter’s USAWatchdog.com Dear CIGAs, It was recently reported that countries like China and India are going to buy Iranian oil with gold.  Jim Sinclair of JSMineset.com said this week, “The implications of China paying for Iranian oil in gold is the most important event in the modern history of gold.”  He also said… Read more »

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By Greg Hunter’s USAWatchdog.com Dear CIGAs, Housing prices are back to where they were in late 2002 according to the latest Case-Shiller report that tracks housing prices.  February data shows 15 of 20 cities surveyed showed price declines.  Overall, the prices sank 3.5% annually.  Atlanta fared the worst with a 17.3% year over year fall… Read more »

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By Greg Hunter’s USAWatchdog.com Dear CIGAs, It looks like President Barack Obama is making the tax proposal called the Buffett Rule (also known as the “Paying a Fair Share Act”) into a wedge issue.  This weekend, the President was pushing the tax proposal, named after billionaire Warren Buffett, as a way to reduce the deficit.  … Read more »

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By Greg Hunter’s USAWatchdog.com Dear CIGAs, People ask me on a consistent basis if I think the government will confiscate their gold and silver coins if times get rough.  I feel there is little chance of this happening, and here’s why.  Gold and silver coins are predominantly held by the wealthy (especially gold).  The wealthy… Read more »

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By Greg Hunter’s USAWatchdog.com Dear CIGAs, Watching the financial channels yesterday, I could not tell you how many times the word “recovery” was used.   Sure, the stock market is up, but that is compliments of the Federal Reserve.  Since the 2008 financial meltdown, we’ve had a money printing extravaganza.  There was QE1, QE2, Operation Twist,… Read more »