“We need a larger firewall.” So declared Christine Lagarde, Managing Director of the International Monetary Fund (IMF) during a speech in Berlin on January 23, 2012, in which she called on taxpayers of the world to chip in $1 trillion to the IMF to stave off a global crisis. “We need to act quickly or else we could easily slide into a 1930s moment,” Lagarde warned, in an obvious reference to the Great Depression.
 

Venezuelan strongman Hugo Chavez threatened to nationalize private banks which refuse to obey an official mandate and finance the regime’s development projects, sparking more concerns about the future of Venezuela and its ailing economy. The socialist “President” also vowed to step up his failed land confiscation and redistribution schemes.

 

The relationship between the U.S. government and the Egyptian regime is coming under increasing pressure as authorities in Egypt shut down American tax-funded “democracy” groups in Cairo while pursuing reforms that are unpopular with the Obama administration and critics in Congress. Meanwhile, within Egypt, tensions between rival interests are also escalating.

 

JBS CEO Art Thompson's video news update for January 30-February 5, 2012.

After an intense pro-European Union tax-funded lobbying campaign warning of disaster, Croatians voted by an almost two-to-one margin to join the troubled EU despite a debt crisis that threatens to sink the region’s single currency and an increasingly authoritarian tone emanating from Brussels.

 

The image of four U.S. marines urinating on the corpses of Afghan fighters is a fitting symbol of American intervention in Central Asia and the Middle East. That picture will live forever in the memories of people in the region, along with the pictures from Iraq’s Abu Ghraib prison.

 

Infamous war lord and dictator Charles Taylor of Liberia — accused of mass murder, rape, war crimes, involvement in sex slavery, child abuse, torture, cannibalism, and much more — worked with the Central Intelligence Agency (CIA), according to an explosive report in the Boston Globe citing U.S. government documents.

 

JBS CEO Art Thompson's weekly video news update for January 23-29, 2012.

In response to rising citizen demand for government transparency and efficiency, this year China plans to defog the secretive workings of the government and ruling Communist Party, a senior official said Wednesday. "In this new year, we will adopt an even more open attitude and even more forceful policies," asserted Wang Chen, a Chinese propaganda official.

 

The European Commission (EC) on Tuesday threatened to take legal action against Hungary unless it revised its brand new constitution to allow the country’s central bank to operate without interference from the Hungarian government. The EC’s threat requires a response within 30 days.

 

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