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Israel Iran War Closer, Ron Paul on Banking Bailouts, EU Debt Crisis & More: Weekly News Wrap-Up

2,907 views · Published 11 November 2011 · 7:57 · Indexed 27 September 2026

Channel: Greg Hunter · 2011 · News & Politics

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http://usawatchdog.com/ - Israel and Iran seem to move closer to war every week because Iran is reportedly on the threshold of developing a nuclear weapon. Iran has vowed to counterattack not just Israel but the U. S. and Europe as well, if there is a military strike. This could cause great disruption of oil and throw the world into an immediate depression. The EU debt crisis continues to mushroom with no plan or conclusion in sight. It should also be called a European bank solvency crisis because of their exposure to enormous sour sovereign debt. On this side of the pond, the Republican debate contained a major gaff by Governor Perry, but the real issue is what can be done to fix the economy. Ron Paul says the banking bailouts should stop, the Fed should be audited and we should stop propping up the real estate market. He was unchallenged on those issues. Speaking of real estate, half of all homeowners are underwater on their mortgages, and Fannie Mae is asking for another nearly $8 billion for its continued bailout. Of course, this is really continuing the bailout of the banks through the back door of Fannie and Freddie. Finally, a new report from Shadowstats.com projects the yearly budget deficit will be in a range of $5 trillion to$7 trillion. That is a far cry from the official projection of around $1.3 trillion. All these stories in the Weekly News Wrap-Up from Greg Hunter's USAWatchdog.com .

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