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"Here’s yet another huge financial story that has been virtually blacked out by the US financial media. Although on the surface, this story appears to be a non-event, if we consider some of the released facts about this case, you will understand why I consider it to be a huge story. On June 8th, the Asia News reported the following story:
“Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the borde..." read more
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"In Hungary, far right party Jobbik won 15% of the vote and three seats at the European elections. A remarkable success, especially in the light of an election campaign that offered little more than aggressive anti-Roma rhetoric and virulent criticism of Hungary's national government.
At first glance, newly elected Hungarian MEP Krisztina Morvai should be a welcome addition to any parliament. Beautiful, blond and well educated, the press reports that she has achieved an ideal balance between family life (she is t..." read more
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"It's a plot better suited for a John Le Carre novel.
Two Japanese men are detained in Italy after allegedly attempting to take US$134-billion worth of U.S. bonds over the border into Switzerland. Details are maddeningly sketchy, so naturally the global rumor mill is kicking into high gear.
Are these would-be smugglers agents of Kim Jong Il stashing North Korea's cash in a Swiss vault? Bagmen for Nigerian Internet scammers? Was the money meant for terrorists looking to buy nuclear warheads? Is Japan dumping it..." read more
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"People and the news media endlessly discuss the merits and demerits of those who are in high places and how they are performing in their jobs. It seems to me that not much emphasis has been placed on one very important factor: voters know too little about the character of the people they are helping to put into power. Incredibly, some have voted for candidates on the basis of, "he is one of those people I would enjoy having a beer with." Other reasons given have been even sillier and less relevant. This can be disa..." read more
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"The American "High Cabal" adopted criminality as their primary strategy when they seized control of the United States in the first two decades of the twentieth century. In 1922, Secretary of Interior Albert B. Fall illegally leased out the rich Teapot Dome oilfields of Wyoming to Rockefeller's oil companies. President Warren G.Harding proclaimed Fall's innocence: "If Fall isn't an honest man, then I'm not fit to be President."
Prophetic words for Warren Gamaliel when Fall couldn't explain how he was able t..." read more
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"The white eye of the blank screen waits in the dark room. A few moments earlier, Jaime Bailleres was nuzzling his thirteenth-month-old child and walking around in the calm of his apartment. His wife, Graciela, puttered in the kitchen, and soft words and laughter floated through the serenity of their home. A copy of a work on semiotics lay on the coffee table, and the rooms whispered of culture and civility and the joy of ideas. Outside, the city of Juarez, Mexico, waited with sharp teeth and bloody hungers. Now the..." read more
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"Nobody expected industrial capitalism to end up like this. Nobody even saw it evolving in this direction. I'm afraid this failing is not unusual among futurists: The natural tendency is to think about how economies can best grow and evolve, not how it can be untracked. But an unforeseen road always seems to appear, and there goes society goes off on a tangent.
What a two weeks!
On Sunday, September 7, the Treasury took on the $5.3 trillion mortgage exposure of Fannie Mae and Freddie Mac, whose heads already ..." read more
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