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Cypriot parliament rejects EU-IMF bailout tax on bank deposits

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Cypriot MPs vote on a controversial bailout package during a parliament session in Nicosia on March 19, 2013. The Cypriot parliament has voted against a revised bank deposit levy. The tax was meant to shave 9.9% off any deposits over €100,000 and has since caused uproar in the country. Thirty six deputies voted against the proposal to tax bank deposits in the 56-member chamber, while 19 abstained.... 

UK sends flight loaded with 1 million Euros to Cyprus based troops

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Britain’s Royal Air Force is flying out one million euros ($1.3 million) in emergency loans for UK military personnel, as a “contingency measure” in case debit cards and cash machines stop working on the island. Britain’s ministry of defense (MoD) said the flight has a “contingency measure” in case banks in Cyprus stop giving out cash, as the country deals with the fallout from a controversial... 

Greenspan Discusses the End of the Fed… What Comes Next?

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An interesting article in Forbes entitled “If Alan Greenspan Wants To ‘End The Fed’, Times Must Be Changing,” informs us that the predictions we made long ago about the Federal Reserve are coming true. The author of the article is Nathan Lewis, an economist, former strategist for institutional investors and author of a best-selling book Gold, the Once and Future Money. Our predictions regarding... 

Europe Recoils In Shock After Bankster Raid, US Warned Is Next

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A truly grim Ministry of Finance (MOF) report circulating in the Kremlin today says that a state of “horror and shock” has descended upon the European Union this weekend after the unprecedented announcement that all of the bank depositors in Cyprus will be forced to give up a percentage of their savings in order to bailout their EU bankster overlords. According to this report, EU officials demanded... 

Israel fears loss of U.S. handout

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Israel fears losing the $3 billion it receives annually as U.S. military aid… American Budget cuts have left Israel fearful of losing 3 billion in annual military aid. The Israeli regime is trying to save the $3 billion per year in military aid it receives from the U.S., once budget cuts are approved by Washington. The U.S. President will have to make budget cuts of 85 billion dollars, half... 

­New Zealand calls on Hobbit makers to pay back $56 million subsidy

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New Zealand calls on Hobbit makers to pay back $56 million subsidy Following the tremendous box office success of The Hobbit film a New Zealand official has called on the moviemakers to repay the $56 million (NZ$67 million) subsidy they received from the country’s taxpayers to fund shooting in New Zealand. The first movie in Peter Jackson’s upcoming trilogy based on J.R.R.Tolkien’s best-selling... 

Greek parliament approves tax hikes

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Greek lawmakers have approved a new tax legislation intended to increase government revenues by 2.3 billion-euro (3 billion USD) in the following months. The new tax bill was approved with the support of the majority of the lawmakers in the 300-member parliament early on Saturday. The new legislation aims to tax any income above 42,000 euros (56,000 USD) per year at 42 percent. The passage of the... 

Senator calls for reduction of US aid to Israel

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US Senator Rand Paul has called for a reduction of American foreign aid, even to allies like the Israeli regime, during his visit to Israel. In a speech at the Jerusalem Institute for Market Studies on Monday, the Kentucky Senator, recently selected to the Senate Foreign Relations Committee, said that the United States would be a friend of Israel, but “it will be harder and harder to be a friend... 

Most Britons Disagree with Foreign Aid - poll

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A new poll has found that only one in four people Britons support the coalition government’s international aid policy, with over 60 percent believing the money is being wasted, local media reported. The survey commissioned by Ipsos-Mori found that only 6 percent of people strongly disagreed with the idea that foreign aid is wasted, The Daily Telegraph reported. The survey follows a series of reports... 

US to renew Israel munitions stock in aid worth of $647 million

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Palestinian men gather around a crater caused by an Israeli air strike on the al-Dallu family’s home in Gaza City on November 18, 2012. The United States is to supply the Israeli regime with munitions worth $647 million to renew its stock after Tel Aviv’s massive bombings during the eight-day war on Gaza. The US Department of Defense informed the Congress of a deal to sell munitions including... 

Iran Offers to Send Emergency Aid Crew to US After Hurricane Sandy

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In the wake of the destruction caused by hurricane Sandy the people of Iran are reaching out in a variety of ways, by offering help and emergency aid relief. Even the Red Crescent Organization of Iran has offered to send an emergency response team to help with the rescue and clean up effort. Mahmud Mozaffar, the leader of the Red Crescent Organization told the Fars News Agency that: “We are ready... 

1000s stage anti-austerity demo in Portugal

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Thousands of people hold a demonstration outside the Portuguese parliament in the capital Lisbon on October 31, 2012. Thousands of people have gathered outside the Portuguese parliament in Lisbon to protest against the assembly’s approval of the government’s 2013 draft austerity budget. The demonstration was staged on Wednesday after the parliament approved the draft bill, which proposes substantial... 

Russia promises to make Greece a prospering state in 1 year

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Two years ago, Greece missed the chance to extricate from the crisis with Russia’s help. Nowadays, Russian investments in the country grow and give air to breathe to economies of several regions of Greece, such as the north-east. Russian investors are especially attracted by cheap real estate, tourism and the property that they can buy from the state. “Greece should only give Russia the... 

Greece Public Debt And Deficit Worse Than Estimated

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Provisional figures released by Greece’s national statistics authority have shown the country’s deficit and public debt for 2011 are worse than estimated. According to provisional data published by ELSTAT statistics agency on Monday, the 2011 deficit stood at 9.4 percent of gross domestic product and the public debt at 170.6 percent. “The revisions as regards the debt ratios are primarily... 

Portugal jobless rate to hit 16.4% as income tax hike set for 2013

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Portugal Finance Minister Vitor Gaspar Portugal finance minister announces an income tax hike for the 2013 budget as the unemployment rate is expected to hit 16.4% the same year. On Wednesday, the Portuguese Finance Minister Vitor Gaspar had announced that the average tax hike would rise from 9.8 percent to 13.2 percent in 2013, adding that the unemployment rate is also expected to rise from 16 percent... 
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