“We need a larger firewall.” So declared Christine Lagarde (left), Managing Director of the International Monetary Fund (IMF) during a speech in Berlin on January 23, 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.

Monday’s meeting of the European Union in Brussels resulted in agreement of 25 of the 27 member states to inflict upon themselves and their hapless and increasingly powerless citizenry the tools of international fiscal dictatorship.

Textbooks provided by the United Nations Refugee and Works Agency (UNRWA) to Palestinian schools have been found to contain strongly anti-Israeli and anti-American sentiments. Experts testified on the content of the textbooks last Wednesday on Capitol Hill, prompting some to once again call into question the United States’ financial support of the UN.

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.

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