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Multipolar World Order: The Big Picture In The Qatar-Saudi Fracture

Multipolar World Order: The Big Picture In The Qatar-Saudi Fracture

Authored by Federico Pieraccini via The Strategic Culture Foundation,

In a climate of outright confrontation, even the Gulf monarchies have been overtaken by a series of unprecedented events. The differences between Qatar on one side, and Saudi Arabia, the United Arab Emirates and Bahrain on the other, have escalated into a full-blown diplomatic crisis with outcomes difficult to foresee.

Paul Craig Roberts Warns "Without Glass-Steagall, America Will Fail"

Authored by Paul Craig Roberts,

For 66 years the Glass-Steagall act reduced the risks in the banking system. Eight years after the act was repealed, the banking system blew up threatening the international economy. US taxpayers were forced to come up with $750 billion dollars, a sum much larger than the Pentagon’s budget, in order to bail out the banks. This huge sum was insufficient to do the job. The Federal Reserve had to step in and expand its balance sheet by $4 trillion in order to protect the solvency of banks declared “too big to fail.”

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