“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.
Greece’s Finance Minister, Evangelos Venizelos, rejected the German idea of imposing a eurozone “overseer” as part of the agreement to keep bailout funds flowing to his country.
A coordinated effort to increase the United Nations’ role in the fields of mental health and substance abuse is now underway, with experts, national governments, and global bureaucracies lobbying for the UN World Health Organization (WHO) to get more involved. Critics of the schemes, however, blasted the notion of a global mental-health regime.
The Western-backed overthrow of Libyan strongman Moammar Gadhafi likely provided huge stocks of heavy weapons to terrorist groups and criminal organizations operating in the Sahel region of North Africa, the United Nations confirmed January 26 in a report. Among the groups benefiting from the arms are al-Qaeda and the deadly Islamic terror organization Boko Haram, which is currently on a killing spree in Nigeria.
The Dutch Muslim Party, an Islamist political party in the Netherlands, has announced its intention to compete for seats in the nation’s parliament. Given the success of the party in several smaller political campaigns — securing offices in Amsterdam, Rotterdam and other Dutch cities — it is possible that a party, which targets the approximately 6 percent of the nation’s population that identifies itself as Muslim, may find it has sufficient support to gain influence in the Dutch parliament.
Imagine this scenario: Your neighbor comes to you asking for money. He confesses to having gone on a lottery-winner spending spree year after year, to buying his kids everything without making them work for anything, and to knowingly and profligately living well above his means for so long he can’t remember.
Global elites — many of the 2,500 of them billionaires — are spending a few days in Davos, Switzerland, attending the World Economic Forum (WEF), a group founded in 1971 “committed to improving the state of the world.”