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World Bank Insider Blows Whistle on Corruption, Federal Reserve
---Central Banks Told To Head For Exit, ABANDON GLOBAL RECOVERY!
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Chokwe Lumumba: Revolutionary Mayor of Jackson Mississippi, New Afrikan Republic
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Economist: ‘we are in the midst of a revolution caused by near collapse of free-market capitalism’
You say you want a revolution? Mass protests go global, as nations are rocked by mounting social, economic, and political pressures.
June 24, 2013 – CIVILIZATION -
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Warning of new financial crisis, as bond yields spike
June 24, 2013 – ECONOMY - The Bank for International Settlements (BIS) has warned spiking bond yields across the world threaten trillions of dollars in losses for investors and a fresh crisis for banks unless they are braced for the shock. Swiss-based BIS said losses on US treasuries will reach $1trn if average yields rise by 300 basis points, reports the Telegraph. It warned losses could range from 15% to 35% of GDP in the UK, France, Italy and Japan and even greater damage in a number of other countries. “Such a big upward move can happen relatively fast,” BIS said, referencing the 1994 crash. “Someone must ultimately hold the interest rate risk. As foreign and domestic banks would be among those experiencing the losses, interest rate increases pose risks to the stability of the financial system if not executed with great care.” However, BIS said authorities must still proceed with monetary tightening regardless of these bond worries, warning QE and zero interest rates are already doing more harm than good, according to the Telegraph. The warning from BIS comes after the US Federal Reserve set off the most dramatic spike in US borrowing costs for over a decade by hinting at an early exit from quantitative easing. Yields on 10-year treasuries have jumped 80 basis points since the Fed began to talk about tapering the programme two months ago, closing at 2.51% on Friday. –Investment Week
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Israeli jets attack targets in Gaza Strip
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25 THOUSAND DEAD BUMBLEBEES FALL FROM TREES IN OREGON
THE BIGGEST PONZI SCHEME IN THE HISTORY OF THE WORLD
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Stunning Slow-Motion Video Shows What It Looks Like to Shoot an AK-47 Under Water
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Dr. Doom: “A Lot Of Problems Are Coming… Revolution… Social Strife…”
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Another reminder to Coloradans: You have some paperwork to do, muy pronto. The state's new magazine ban will go into effect on July 1, 2013. Of particular note is the fact that the new law's grandfather clause is not multigenerational. It will be limited to only then-current owners of magazines, as of midnight on June 30th. (When the owner dies, the magazines must be destroyed or taken out of the state.) Therefore I again urge Coloradans to be sure to properly document the gift of your magazines to your children and grandchildren (preferably via a multigenerational trust--which creates a fictitious "person" that never dies), and have those records notarized, ASAP.
And of course this week is the last chance for Coloradans to buy your "lifetime supply" of certain types of guns and magazines if you plan to remain in Colorado. The clock is ticking... Something tells me that the Tanner gun show this coming weekend in Denver will be packed and there will be some frantic buying.
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U.S. worried about security of files Snowden is thought to have
The ability of contractor-turned-fugitive Edward Snowden to evade arrest is raising new concerns among U.S. officials about the security of top-secret documents he is believed to have in his possession — and about the possibility that he could willingly share them with those who assist his escape. It’s unclear whether officials in Hong Kong or
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http://www.trunews.com/
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Michael Pento – The World Is Now Headed Into A Depression
Today one of the top economists in the world told King World News that despite bounces, stocks will continue to crater and he has positioned his clients short for a collapse in global markets. Michael Pento, founder of Pento Portfolio Strategies, also warned that central planners now have the world headed into a depression. Pento:
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Satellites for Global Broadband Internet Are Set to Blast Off
Four satellites set to provide broadband Internet access to remote parts of the world will be launched on Tuesday, a day behind schedule, due to unfavorable winds, a popular space news site reported Monday. The Russian-made Soyuz rocket that is to take the satellites into orbit is now scheduled to blast off just before 7
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Larry Klayman: This Government, Under Obama, Is Seeking To Enslave Us
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