Posts Tagged ‘global economic crisis’

News and views from around the web posted to the Wonderland Wire:

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News and views from around the web posted to the Wonderland Wire:

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The Ontario Public Works Protection Act grants the executive branch “unlimited authority to the cabinet” to appoint any with the authority of a local police officer; deem any place in the province a ‘public work’; threaten whatever force is necessary to make any person—irrelevant of probable cause—identify themselves, grant consent to their person and property to a search, and prevent the person without cause from entering property deemed as a ‘public work’.

Paul Cavalluzzo, a Ontario-based constitutional lawyer discussed the Act with Paul Jay at The Real News Network (16:59):

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The E.C.B.-I.M.F. bailout being compared to TARP and the fall of the Greek’s government’s solvency capacity’s parallels to the domino fall that became the Great Depression.

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India’s run on the U.S. dollar to buy 200 tonnes of gold from the 403.3 set to be sold by the International Monetary Fund set the precious metal to an all-time high value of $1,081+, meaning the  inflated dollar has crashed to an all-time low as the U.N. reports a drop in U.S. wages.

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Leaders of nine Latin American countries approved the usage of an intra-regional currency called the “Sucre”.

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This morning, gold hit a new high nearing $1,070/oz. showing the  U.S. dollar ‘reaching a breaking point’ as it hits another new 14-month low.

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At the heavily protested World Bank-International Monetary Fund (I.M.F.)  meetings with global finance oligarchs, a U.N. undersecretary-general suggests special drawing rights (SDRs) from the I.M.F. as a world currency. Such a policy would turn the I.M.F. into the global central bank.

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