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Monday, February 9, 2015

Payback time? Greek PM seeks reparations over Nazi occupation & war-time loan

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Prime Minister Alexis Tsipras, referring to Nazi Germany’s four-year occupation of Greece and a forced war-time loan during World War II th...

Moscow & Cairo to drop USD, use national currencies in bilateral trade – Putin

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Russia and Egypt might soon exclude the US dollar and use their national currencies in the settlement of accounts in bilateral trade, Russi...
Tuesday, February 3, 2015

History In the Balance: Why Greece Must Repudiate Its “Banker Bailout” Debts And Exit The Euro

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Now and again history reaches an inflection point. Statesman and mere politicians, as the case may be, find themselves confronted with frau...

Russian PM bans machinery imports for municipal and state needs

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As part of Russia’s anti-crisis plan for import substitution, the country is to stop importing foreign-made machinery to be used by the sta...
Monday, February 2, 2015

Europe Fractures: France "Prepared To Support Greece" In Debt Renegotiations

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Despite Angela Merkel's insistence on numerous occasions this past week that there will be "no debt renegotiations," it appea...
Wednesday, January 28, 2015

Greece Begins The Great Pivot Toward Russia

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Ten days ago, before the smashing success of Greece's anti-austerity party, Syriza, we noted that Russia  gave Greece a modest proposal...

Another Bailout: FXCM To Forgive 90% Of Its Mostly Foreign "Negative Balance" Customers

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Two weeks after FXCM was on death's door, and only a last minute vulture investment by Jefferies prevented the company from filing, FXC...
Tuesday, January 27, 2015

Medvedev Warns Of "Unlimited Reaction" If Russia Cut From SWIFT

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While nations around the world continue to de-dollarize,  Russia signed into law its anti-crisis plan today  (though details will not be re...