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ECB to start printing €1.1 trillion next Monday

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Following a governing council meeting of the European Central Bank it was announced that quantitative easing will begin in the eurozone from next Monday. In a desperate move to stimulate the euro, the currency used by 19 EU countries, the ECB will print money to buy €60bn worth of bonds each month. The bank has raised its eurozone economic growth forecast for this year from 1% to 1.5% but ECB President,... 

Australia to cut free services for Aboriginals

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A view of the community of Mimili in the Anangu Pitjantjatjara Yankunytjatjara lands, a local Aboriginal area in northwest South Australia. The Australian government has decided to discontinue the provision of free water and electricity supplies to up to 200 indigenous communities, saying it can no longer afford the basic services, delegating it to state governments. The remote communities, located... 

Russia might bailout Greece

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Russian Finance Minister Anton Siluanov. Greece hasn’t outright asked Russia for a loan, but Russian Finance Minister Anton Siluanov said Moscow wouldn’t rule it out. His statement comes days after Greece openly opposed further economic sanctions against Russia. “Well, we can imagine any situation, so if such [a] petition is submitted to the Russian government, we will definitely consider... 

US to give Israel $350 million for Iron Dome

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The US contractor for Iron Dome is Raytheon. The US Senate has approved a multi-billion-dollar military spending bill that includes $350 million for Israel’s Iron Dome missile system. The Senate passed the bill on Friday by a 89-11 vote. The bill was sent to the White House for President Barack Obama’s signature. The 2015 defense authorization bill also authorized $521.3 billion for Defense... 

Bankster Lobbyists Try to Sneak Derivatives Bailout in Budget Legislation

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More evidence Congress is a subsidiary of Wall Street and the banks. On Friday Michael Krieger, the editor of Liberty Blitzkrieg, wrote about a behind the scenes effort by banksters to include a provision in government funding legislation that would make the Federal Deposit Corporation responsible for financial derivatives losses. Last October, Krieger wrote about a similar push to put American taxpayers... 

Cameron says will fight against EU's €2.1 billion demand

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British Prime Minister David Cameron has said that he will fight against the European Union’s demand for an extra contribution to the bloc’s budget. While addressing the British parliament on Monday, the premier said the UK would not pay “anything like” the 2.1 billion euros the EU has requested. “It is not just about the scale of the money being demanded. It is also the timetable,”... 

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... 
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