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Russian Troops Take Up Positions In Sevastopol As Ukraine Teeters On The Brink Of Civil War

Russian Military Vehicle In The Main Square Of Sevastopol

Russian military vehicles have been photographed in the main square of Sevastopol, and there are fears that Ukraine is about to plunge into a very bloody civil war.  The pro-Russian eastern half of Ukraine is in a state of shock, and many living there are openly calling on Russia to militarily intervene to protect them against the protest groups that have seized power in Kiev.  Down in the Crimea, where approximately 60 percent of the population is ethnically Russian, militia groups have formed to protect their region from the “fascist scum running around in Kiev with swastikas“.  That quote is from a recent Time Magazine article, and it demonstrates the extreme level of tension that exists between the two halves of Ukraine right now.  Perhaps a peaceful resolution can still be achieved, but at the moment a civil war seems quite likely.  And if war (Read More...)

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10 Signs That The 8th Largest Economy In The World Is Being Overwhelmed By A Tsunami Of Debt

Guess who is going to need a bailout right after Spain?  The Italian economy is the 8th largest economy on the entire planet and right now it is being absolutely overwhelmed by a tsunami of debt.  In an attempt to address this problem, Italy is going down the exact same path that Greece, Portugal and Spain have gone.  And so far, we are seeing the exact same results that we have seen in those other countries.  Austerity causes economic growth to slow down, and that causes unemployment to soar.  When unemployment rises, tax revenues go down and you end up missing your original deficit reduction targets so you have to implement even more austerity measures.  It is a vicious cycle that we have seen play out again and again in Greece over the past five years.  But unlike Greece, Italy is way too large to be completely bailed out.  The truth is that there are only 7 (Read More...)

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