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Shadow Banking Grows to $67 Trillion Industry, Regulators Say.
In short; it has grown substantially since the start of the crisis in 2008. Financial institutions are trying to get their assets of the books. The worlds world record holder in shadow banking in...
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Libor Lies Revealed in Rigging of $300 Trillion Benchmark.
Where Libor is set each day affects what families pay on their mortgages, the interest on savings accounts and returns on corporate bonds. Now, banks are facing a reckoning, as prosecutors make...
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GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit
Obamacare will increase the long-term federal deficit by .2 trillion, according to a Government Accountability Office report released today WT news feed
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Cyprus May Have 60 Trillion Cubic Feet of Gas, Kretyk Head Says.
Cyprus’s natural gas reserves in its territorial waters could be as much as 60 trillion cubic feet, the head of the country’s state hydrocarbons company said. WT news feed
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Iraq, Afghan wars to cost US up to $6 trillion
“In short, there will be no peace dividend, and the legacy of Iraq and Afghanistan wars will be costs that persist for decades,” Linda Bilmes, who served in government under former president Bill...
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$2 Trillion Underground Economy May Be Recovery’s Savior.
The growing underground economy may be helping to prevent the real economy from sinking further, according to analysts. WT news feed
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Lebanon has 30 trillion cubic feet of offshore gas: minister
And 660 million barrels of oil, Lebanon’s energy minister said on Thursday bertb news feed
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The U.S. has Spent $8 Trillion Protecting the Straits of Hormuz.
A group of nine student journalists from the Medill National Security Journalism Initiative have created a website as part of a project to report on the US energy security situation. An incredibly...
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Ceiling suspended: US takes on $300bn in new debt after hitting $16.7 trillion
America’s ticking debt bomb has been reset. Washington has suspended the debt ceiling, setting a date, and not a concrete dollar sum as a deadline, an unprecedented first in US history. WT news feed
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Europe Opens $80 Trillion Shadow Banking Pandora’s Box: Will Seek To Collapse...
The result of this, should it be taken to completion, would be pervasive liquidations as countless collateral chain margin calls spread, counterparty risk soars all over again, and as the scramble to...
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$5.7 trillion locked up by Nasdaq trading halt
Nasdaq’s unexplained trading halt Thursday locked up trading in stocks with a total market capitalization of $ 5.7 trillion. BlackListedNews.com
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$1 Trillion In US Bank Deposits Held Abroad Will No Longer Be Insured
In the aftermath of the Cyprus bail in (and to a lesser extent the Polish pension fund debacle), it is understandable if depositors are a little sensitive about the insurance, and thus confiscability...
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The Fed Could Simply CANCEL $2 Trillion of Government Debt
Congressman Alan Grayson and former congressman Ron Paul are two of the fiercest warriors against an out-of-control Federal Reserve. Paul has campaigned to dissolve the Fed for 35 years, and wrote an...
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And… it’s gone! The Fed and US could simply CANCEL all $5 trillion of...
As we documented here, Congressman Alan Grayson is correct that the Fed could cancel its own US national debt holdings of ~$ 2 trillion. This could begin public justice from how our current system...
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U.S. debt jumps a record $328 billion — tops $17 trillion for first time
U.S. debt jumped a record $ 328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week. BlackListedNews.com
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JPM Sees “Most Extreme Ever Excess Liquidity” Bubble After $3 Trillion...
Excess money supply is currently at record high positive territory. BlackListedNews.com
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State to spend over ¥1 trillion of taxpayer money for Fukushima...
In a major policy shift, the government will use more than ¥1 trillion in public funds to clean up contaminated areas around the Fukushima No. 1 plant, according to sources. BlackListedNews.com
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“$8.5 TRILLION In Taxpayer Money Doled Out By Congress To The Pentagon Since...
We’ve repeatedly documented that military waste and fraud are the core problems with the U.S. economy. BlackListedNews.com
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Chart Of The Day: How China’s Stunning $15 Trillion In New Liquidity Blew...
Much has been said about the Fed’s attempt to stimulate inflation (instead of just the stock market) by injecting a record $ 2.5 trillion in reserves into the US banking system since the collapse of...
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