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EU Nations Agree To Eurozone Banking Union

  Following months of tortuous negotiations, finance ministers from the European Union's 27 countries agreed to hand the ECB the authority to directly supervise the eurozone's biggest banks and intervene in smaller banks at the first sign of trouble. "This will enable the vicious circle between banks and sovereigns ‚Äď which has been a salient feature of the debt crisis in Europe ‚Äď to be broken," leaders ...

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Precious Metals Stored Beneath the World Trade Center on 9/11

One of the less noted of the possible motives for the attack was the creation of diversion in order to steal hundreds of millions of dollars worth of precious metals. By September of 2003, 9-11 Research had published the following story about the discrepancy between the value of precious metals reportedly stored in the Comex vaults beneath WTC 4 and the value reportedly recovered in late 2001 following the ...

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REPORT: Hagel, being considered for Sec Def., On board of bank that helped Iran evade sanctions

Former Nebraska Republican Senator Chuck Hagel, on the shortlist for secretary of defense in the second Obama administration, sits on the board of a bank that is under investigation for allegedly violating United States sanctions on Iran. The revelation could complicate the possible nomination of Hagel, who has come under sharp criticism for what critics describe as his troubling foreign policy views, which ...

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HYPOCRITE: Buffett’s big buyback saves “unnamed investor” near $1,000,000,000 in taxes if death tax raised to 80%

Dec 12 (Reuters) - Warren Buffett's $1.2 billion share buyback from a single unnamed investor likely helped that person's estate save substantially on taxes, just one day after the Berkshire Hathaway CEO said the rich should actually be paying more, not less, when they die. With the "fiscal cliff" looming and estate taxes set to rise dramatically in less than three weeks, the timing was seen as advantageous ...

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THE FASCIST FED: Quantitative Easing Benefits the Super-Elite & Hurts the Little Guy and the American Economy

The Fed has just announced its¬†fourth¬†round of ‚Äúquantitative easing‚ÄĚ. While the mainstream financial press pretends that quantitative easing is a ‚Äúliberal‚ÄĚ economic policy, nothing could be further from the truth. As we‚Äôve repeatedly explained, quantitative easing is a¬†bailout for the super-rich, at theexpense of the little guy.¬† It¬†increases inequality¬†and¬†fails to stimulate¬†the economy. (And it destroys t ...

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How A Handful Of Unsupervised MIT Economists Run The World

Ever get the feeling that the entire global economy is one big experiment conducted by several former Keynesian economists from MIT with a bent for central planning, who sit down in conspiratorial dark rooms in tiny Swiss cities and bet it all on green until they double down so much nobody even pays attention to the game? No? You should. Jon Hilsenrath, of all people, explains why. From the WSJ: Every two m ...

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Iceland – How To Beat The Banksters

  The tiny Nordic European island country of iceland is presently experiencing one of the greatest economic comebacks of all time. ¬†After the privatization of the banking sector completed in 200o, the economy was thrown into a tailspin when over a five year period, ¬†private bankers borrowed 120 billion dollars (10 times the size of Iceland‚Äôs economy). A huge economic bubble was created, causing house p ...

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HSBC: The Drug World’s Local Bank

  HSBC prides itself on being the "world's local bank". Yet it could have done without the kind of international exposure that upset United States senators this summer and the one that today resulted in it paying $1.9bn (¬£1.2bn) to settle a money-laundering probe. As the senators tell it, and as the prosecutors allege, HSBC was used by a diverse customer base including Mexican drug gangs looking to fun ...

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Debt-Money Is THE Fiscal Cliff

  "There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt." John Adams, 1816 A nation, and a world, that must pay interest to a private cartel to create its own money is not only under some monetary voodoo but is destined¬†for bankruptcy¬†and worse. Interest upon interest until the burden means inevitable and ruinous austerity, bankruptcy, ruin of democracy, and rev ...

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Feds Say Oakland Can’t Stop Medical Pot Seizure

  The Feds are at it again. Their relentless attempt to shut down¬†the largest medical marijuana shop in the world,¬†Harborside Health Center, continues. After losing a recent court judgement that said they couldn't evict Harborside under federal forfeiture, the Feds are now making the argument that the state and city cannot stand in their way of seizing the dispensary. ‚Ä® Back in July, the federal govern ...

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COLLAPSE: U.S. Rakes Up Nearly $300 Billion Deficit In First Two Months Of Fiscal 2013

To paraphrase Tim Geinter: "Risk of the Fed ever ending its monetization? No risk of that." Why? Because as the FMS just reported, the February budget deficit was $172 billion, up $52 billion from a month ago, and $35 billion from a year ago. In brief: in the first two months of Fiscal 2013, the US accumulated a $292 billion budget deficit (compared to $236 billion a year ago), a number which is simply scar ...

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DEATH OF FREE SPEECH: Number of Imprisoned Journalists Sets Global Record

Throughout the world activists and journalists are targeted by authoritarian regimes who fear that the public will find out the truth about the violence that they put into motion.  Just recently the number of imprisoned journalists worldwide reached its highest point since CPJ began conducting surveys in 1990. According to the report governments use charges of terrorism, other anti-state offenses to silence ...

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