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New global meltdown fear as £56 billion US cuts kick in

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New global meltdown fear as £56 billion US cuts kick in
3 March 2013, 13:50,
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Rush2112 Offline
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RE: New global meltdown fear as £56 billion US cuts kick in
The cuts – described by the US President as ‘dumb’ – are designed to whittle away America’s $16.6 trillion debt.

However, the International Monetary Fund has warned the measures could spark a new global economic crisis.

The cuts were all the Presidents idea actually.

this is crazy. the cuts are less than 3% of the US annual budget. but since the financial system is the worlds largest ponzi scheme, once the money going in slows maybe it will hasten the crash.
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RE: New global meltdown fear as £56 billion US cuts kick in - by Rush2112 - 3 March 2013, 13:50

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