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The Event Chronicle
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As we enter the eleventh year of what future history will most certainly describe as World War Three, we need to examine the financial dimensions behind the wars. Towards the end of World War Two, when it became obvious that the allies were going to win and dictate the post war environment, the major world economic powers met at Bretton Woods, a luxury resort in New Hampshire in July of 1944, and hammered out the Bretton Woods agreement for international finance. The British Pound lost its position as the global trade and reserve currency to the US dollar (part of the price demanded by Roosevelt in exchange for the US entry into the war). Absent the economic advantages of being the world’s “go-to” currency, Britain was forced to nationalize the Bank of England in 1946. The Bretton Woods agreement, ratified in 1945, in addition to making the dollar the global reserve and trade currency, obligated the signatory nations to tie their currencies to the dollar.
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The Colombian Congress approves amnesty for members of the Revolutionary Armed Forces of Colombia. The legislation is part of a peace deal between the FARC and the government. The law protects FARC members from persecution for minor crimes committed during the country's 52-year war. The legislation does not absolve those who committed war crimes or human rights violations. The amnesty also applies to members of the country’s military. The opposition Democratic Center party abstained from voting in protest to the legislation. Last month’s deal between the government and FARC rebels ended Latin America’s longest running conflict that killed hundreds of thousands of people. The FARC will convert into a political party under the accord and some 7000 rebels will lay down their arms over the next six months. The deal was ratified after the original pact was rejected in a popular vote.
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The Event Chronicle
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The government had no debt when the Federal Reserve Act was passed in 1913.” [Secrets of the Federal Reserve]. In case you are wondering, the never properly ratified U.S. Income Tax was also introduced by busy bankers in 1913 as the only means to finance the war and ensure perpetual profits from providing public and corporate debt. The U.S. “Federal Income Tax” is not “federal” either. According to attorney, author and federal witness, Paul Andrew Mitchell: “After much diligent research, several investigators have concluded that there is no known Act of Congress, nor any Executive Order, giving the IRS lawful jurisdiction to operate within any of the 50 States of the Union. When all evidence is examined objectively, the IRS appears to be a money laundering extortion racket, and conspiracy to engage in a pattern of racketeering activity in violation of 18 U.
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No access South Korea Yonhap South Korea's National Assembly passed a motion to impeach President Park Geun-hye over corruption allegations, in Seoul on Friday. The motion passed by 234 votes to 56, with nine invalid votes and abstentions, suggesting that a significant number of Park's ruling-Saenuri party voted for the impeachment. Park is expected to try and stay in office until the vote is ratified by the country's constitutional court, a process that might take up to six months. The passing of the impeachment bill will mean that she is stripped of powers, with her duties being temporarily transferred to Prime Minister Hwang Kyo-ahn. The transfer of power will last the duration of the court case, which will be settled if six of the court's nine judges support the motion. Upon the potential settlement, Park will be removed from office and a new presidential election will be held within 60 days.
PressTV News
2 months
The Huffington Post
2 months
By Al Olsen Today is National Repeal Day -- a day to remind ourselves of how sweet is the taste of freedom. On this day 83 years ago, the 21 st Amendment was ratified, ending Prohibition, a costly, disastrous, 13-year experiment. The website RepealDay.org urges celebrations of the "return to the rich traditions of craft fermentation and distillation, the legitimacy of the American bartender as a contributor to the culinary arts, and the responsible enjoyment of alcohol as a sacred social custom. It's easy! You don't have to hold a party. Just go to a bar or liquor store and have a drink." Yes, it's a day to celebrate freedom and liberty. It's also a day to learn from history. In 1924, during the middle of America's failed social policy, the legendary social critic H.L. Mencken wrote: "Five years of Prohibition have had, at least, this one benign effect: they have completely disposed of all the favorite arguments of the Prohibitionists.
PressTV News
2 months
PressTV News
2 months
The U-S Senate is set to vote on a bill that would renew sanctions on Iran for 10 years. The measure known as the Iran Sanctions Act will be put to vote at around 18.30 GMT. If ratified, it will need President Barack Obama’s signature to become law again. Earlier, Senate majority leader Mitch McConnell expressed confidence that the Iran Sanctions Act will pass. Last month, the House of Representatives approved the measure by 419 to 1. Iran has warned the US against extending the sanctions. Tehran says it will respond to such a move as the extension of the sanctions would be a violation of the nuclear deal between Iran and the P-five-plus-one group of countries. Tehran has warned that it would react against the measure. The Iran Sanctions Act was first adopted in 1996 to prevent investments in Iran’s energy sector. If not extended, the law will expire at the end of 2016.
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2 months
euronews
2 months
PressTV News
2 months
The U.S. Senate is set to vote on a bill to renew the anti-Iran Sanctions Act for 10 years. Senate Republican leader Mitch McConnell says the vote will be held this week. If the extension of the Iran Sanctions Act, known as the I-S-A is passed, it would also need President Barack Obama’s signature to become law. The House of Representatives has already approved the bill. The Iran Sanctions Act was first ratified in 1996 under President Bill Clinton. It bans American companies from making investment in Iran’s energy industry. Iran has already warned that it would respond if the US violates the nuclear agreement between Tehran and the P5+1 group of countries by renewing sanctions against the Islamic Republic. Top Iranian officials have previously warned Washington against renewing the controversial ban on the country. Tehran has repeatedly slammed the US for hampering full implementation of the nuclear deal signed in July 2015.
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2 months
AFP News Agency
2 months
AFP News Agency
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euronews
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