World Events and the Bible

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Author: World Events and the Bible (page 1239 of 1264)

“The Reality Is The Financial System Could Fail At Any Time”

Today Egon von Greyerz, who spoke with King World News from Switzerland, warned that the global financial system could fail at any time now.  Greyerz, who is founder of Matterhorn Asset Management, also said the Cyprus disaster is now set to engulf the world.  Below is what Greyerz had to say in this remarkable interview:

Greyerz: “Eric, Cyprus is a momentous event.  Losses could be in the tens of billions of dollars.  But like all major crises there is always a catalyst, and whether it was a shot in Sarajevo (assassination of Archduke Ferdinand which started World War I), or the fall of the Credit-Anstalt in Austria in 1931, there is always an event in history which people look back on as the start of tremendous global turmoil.  Cyprus could very well be that event.
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Obama To Hit The Trail On A Mission To Revive Gun Control Fight

President Barack Obama is ready to hit the road on a new campaign-style public relations trip, hoping to breathe new life into the push for stronger gun control laws.

With Senate Majority Leader Harry Reid planning to bring a scaled back package of gun legislation to the Senate floor early next month, the White House is hoping they can rebuild some of the momentum that has been lost in the months since the Newtown shootings.

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Cyprus, Troika agree to 20% tax on deposits over 100,000 euros at Bank of Cyprus

Cyprus and the Troika have agreed to a 20 per cent tax on deposits over 100,000 euros at the Bank of Cyprus and 4 per cent on deposits held at other banks.

A senior Cypriot official told Reuters that a plan to tap nationalized pension funds would not be a part of a plan to raise billions of euros in return for a bailout from the European Union. Cyprus said earlier on Saturday that it was looking at seizing a quarter of the value of big deposits at its largest bank in order to raise such funds. 

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Senate Passes $3.7 Trillion Budget, Its First in 4 Years

After a grueling, all-night debate that ended close to 5 a.m., the Senate on Saturday adopted its first budget in four years, a $3.7 trillion blueprint for 2014 that would fast-track passage of tax increases, trim spending gingerly and leave the government still deeply in the debt a decade from now.

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Coldest March Weekend in 50 Years: Blizzards, 60mph gales and panic buying

Up to 16ins will fall over high ground with several inches likely across much of the UK, the Met Office said last night.
Over 1,000 schools were shut and transport was disrupted as any hopes of spring were dashed by yet another onslaught of snow and flooding today as temperatures fell as low as -12C (10F).
Emergency services saw an early surge in -related call-outs as some parts of the country were hit by blizzard conditions. Government agencies issued a string of warnings urging the public to take care on the roads.

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Syria chemical weapons: finger pointed at jihadists

Whatever happened last week in the town of Khan al-Assal, west of Aleppo, it achieved something extraordinary in the Syrian civil war: unity among Washington, Moscow and Damascus.

All welcomed the rapid decision by Ban Ki-moon, the United Nations secretary-general, to investigate an alleged chemical attack that reportedly killed 26, including Syrian soldiers. 

Cyprus now looks to take 25 percent from bank accounts

(Video) Cyprus said on Saturday it was looking at seizing a quarter of the value of big deposits at its largest bank as it races to raise the funds for a bailout from the European Union and to avert financial collapse.

Finance Minister Michael Sarris said “significant progress” had been made in talks in Nicosia with officials from the European Union, European Central Bank and International Monetary Fund.

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15 Members of Congress Demand Investigation of Obama’s Ammo Horde

Californian Congressman Doug LaMalfa and 14 of his House peers have written a letter to the Department of Homeland Security demanding to know why the federal agency is buying so many rounds of ammunition and whether the purchases are part of a deliberate attempt to restrict supply to the American people.
The DHS has committed to purchasing around 2 billion rounds of ammunition over the course of the last year. Many believe the purchases are exacerbating bullet shortages across the country, supplies already strained by record sales prompted as a result of the Obama administration’s gun control agenda.

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Gunfire, bloodshed as hundreds clash outside Muslim Brotherhood HQ in Cairo

(Video) Hundreds of Egyptian protesters have encircled the Muslim Brotherhood headquarters in Cairo, attempting to break in. RT’s correspondent Bel Trew reports that protesters and Brotherhood supporters are clashing in Moqatam quarter around the HQ.

Earlier an Al Arabiya correspondent reported that protesters had already broken into the Muslim Brotherhood complex guarded by police and Brotherhood members, but the news is yet to be confirmed.

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Millions of Prawns Wash up on Beach in Chile

Millions of prawns have now blanketed a beach in Coronel, which is about 330 miles or 530 kilometers to the south of the capital Santiago, Chile, according to media reports.

The spectacle of seeing an entire beach covered in red prawns and crabs has stunned researchers, who are now looking for a possible explanation for this catastrophe.

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Lebanon’s government collapses as Miqati cabinet resigns

Lebanon Collapses

Lebanon‘s government fell late on Friday adding more instability to an already volatile region straining to cope with the fallout from Syria‘s civil war.

Prime Minister Najib Miqati announced the resignation of his 30-strong cabinet when it failed to make decisions on the extension of a security chief’s role and the make-up of a commission that would oversee elections due in June.

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Cyprus passes bills for EU bailout; Greece to take over bank branches

The Crisis in Cyprus

Lawmakers in Cyprus approved three bills late Friday aimed at securing a bailout for its troubled banks from the European Union and averting a financial meltdown.

The legislation includes one bill that allows the government to divide the wobbling lenders into good and bad banks — a law that would likely to be applied first to Cyprus Popular Bank. The goal is to restructure without hurting small depositors. 

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