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The U.S. Government Is Borrowing About 8 Trillion Dollars A Year

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I know that headline sounds completely outrageous. But it is actually true. The U.S. government is borrowing about 8 trillion dollars a year, and you are about to see the hard numbers that prove this. When discussing the national debt, most people tend to only focus on the amount that it increases each 12 months. And as I wrote about recently, the U.S. national debt has increased by more than a trillion... 

Greek pensioners demonstrate against spending cuts

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Greek pensioners have taken to the streets in the capital, Athens, to voice anger at austerity measures taken by the government of Prime Minister Antonis Samaras. Furious at the government’s plans to cut pensions and increase taxes, the demonstrators gathered in central Athens on Thursday and marched on the premier’s office. The protest came a day after the country’s troubled coalition government... 

UK wars cost British taxpayers 30 billion pounds

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Britain’s military involvement in the wars in Iraq and Afghanistan have cost UK taxpayers almost £30 billion, a think tank says. In a book published on Tuesday, the Royal United Services Institute (RUSI) said that the UK’s contribution to the US-led wars in Afghanistan and Iraq was £19.59 and £9.56 billion respectively. The think tank described the invasions as “strategic failures” despite... 

IMF Warns: Global Stagnation If Ukraine Not Bailed Out

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IMF boss recycles scary mantra used in 2008 to bailout too big too fail banksters. IMF boss Christine Lagarde has recycled the bankster mantra as the globalists push for a bailout of Ukraine. “Geopolitical tensions” in Ukraine “could cloud the global economic outlook” and “could have broader spill over implications,” she told an audience at the Johns Hopkins University School of Advanced... 

EU aid destroyed Portugal

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Portugal, a member of the EU since 1986, is rapidly losing its population due to significant emigration. In terms of the economic indicators Portugal is approaching the level of the least developed countries in the Eastern Europe. The decline became particularly rapid three years ago, when Portugal began to receive financial assistance from the EU. Isn’t it an odd coincidence? The country is... 

Russia to cancel Cuba’s $29 billion of Soviet debt

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Russia is going to write off 90 percent of Cuba’s $32 billion Soviet-era debt as part of a deal to end a 20-year dispute, according to diplomatic sources cited by Reuters. Prime Minister Dmitry Medvedev agreed to write off the island’s debt during a visit to Havana in February 2013, stressing details would be finalized by the end of the year. In October, the two sides announced a refinancing... 

US Congress triples Obama’s request on military aid to Israel

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US President Barack Obama speaks with military personnel while viewing an Iron Dome missile battery on March 20 at Israel’s Ben Gurion International Airport. The US Congress has authorized $284 million to fund Israel’s missile systems program, triple the amount the Obama administration had requested. The bill, introduced jointly by the House of Representatives and Senate budget committees,... 

Bailout of General Motors cost taxpayers $10.5 billion

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The US government ended up losing $10.5 billion on the General Motors bailout. Taxpayers lost a whopping $10.5 billion on the federal government bailout of General Motors – but officials insisted another course of action would have been even worse. After selling its remaining shares of the Detroit-based automaker Monday, the US Department of the Treasury said it had recouped $39 billion of the... 

House committee endorses extra $500 million aid to Israel

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The US House of Representatives Armed Services Committee has proposed a nearly half a billion dollar increase in military aid to Israel even as the United States is struggling with domestic economic issues. The committee approved $488 million last week to fund Israel’s development of two missile systems and to finance the purchase of extra batteries for 2014. The proposal must now be approved by... 

Evangelos Venizelos: Anyone against our bailout plan is the equivalent of Golden Dawn

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These unscrupulous and heartless puppets of the pro-bailout coalition, are the willing servants and agents of the international loan sharks who fanatically obey the wishes of their masters and desperately fight the Golden Dawn, because they know that we are the only barrier to their unpatriotic plans. One of the most ardent supporters of foreign occupation forces, is the megalomaniac “Il Duce”... 

IMF approves €84.7mn Cyprus bailout loan

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The bailout would save Cyprus from bankruptcy and possibly guarantee its future in the eurozone. International Monetary Fund (IMF) has agreed to grant 84.7 million euros (USD 113.1 million) in financial aid to Cyprus, as part of a 10-billion-euro bailout program to the debt-stricken country. On Monday, the IMF said it agreed, in partnership with the European Union, on the bailout package for Cyprus,... 

Greece will need more rescue funds after 2014: EU official

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A woman holds the Greek flag during an anti-austerity protest, July 13, 2013. A European Union official says Greece will need more rescue funds from its international creditors as the current rescue loan program expires at the end of 2014, amid economic slump in the European country. “Greece’s trouble will not have been completely resolved by 2014. It’s realistic to assume that additional... 

Greece may get third bail-out as Germany signals $328bn wasn’t enough

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German finance minister, Wolfgang Schäuble, has unexpectedly said that Greece will need more financial help, admitting for the first time that $328 billion pledged so far won’t be enough to save Greece from bankruptcy. Schäuble’s surprise admission of this deeply unpopular prospect comes at a sensitive time for his party. Germany will hold a general election on September 22. “There... 

Greece to need more bailout loans by start of 2014: Germany’s central bank

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A German flag flies in front of the Bundesbank headquarters in Frankfurt. A report has revealed a document showing Germany’s central bank predicts that the recession-hit Greece will need more rescue loans from its international creditors by the start of the next year. According to the report published by prominent German magazine Der Spiegel earlier this week, the document from the Bundesbank... 

Egypt Central Bank receives USD 2 billion from Saudi Arabia

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Supporters of Egypt’s deposed President Mohamed Morsi walk past his portrait during a protest outside a mosque in Cairo on July 23, 2013. Saudi Arabia has transferred USD 2 billion to the Egyptian Central Bank as part of an aid package Riyadh has pledged to Cairo following the ouster of President Mohamed Morsi. The USD 2 billion of Saudi funds arrived in the form of a five-year interest-free... 
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