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Fed Bails Out EU, Nigel Farage, China Will Protect Iran, World War 3 & More: Weekly News Wrap-Up

3,135 views · Published 2 December 2011 · 7:16 · Indexed 27 September 2026

Channel: Greg Hunter · 2011 · News & Politics

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http://usawatchdog.com/ - The stock market soared on the news, this week, that the Fed will bail out European banks struggling to stay solvent. Many Eurozone banks are loaded with sour sovereign debt, and American banks who sold insurance on that debt are also at risk of implosion if the crisis spins out of control. Nigel Farage, a Member of the European Parliament for the UK, is an ardent critic of the EU. He thinks this latest crisis is all about gaining control and says, "Democracy is deliberately and willfully being destroyed." News broke, this week, that China will protect Iran even if it starts World War 3. The Middle East is the wild card of wild cards and could explode at any time. Unemployment is, once again, more than 400,000 weekly claims. Home prices decline, again, nearly 4% annually. Chevy offers to buy back more than 6,000 Volt electric cars because of fire questions, but it is not as bad as you might think. Analysis of these stories and more by Greg Hunter on the Weekly News Wrap-Up.

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