A massive trove of gold kept under lock and key five stories below Manhattan at the New York Federal Reserve has been undergoing its first audit in history. It could put conspiracy theories – for example, that the gold is a sham – to sleep for good. According to the official record, the US government keeps billions of dollars in gold stored beneath the New York Fed’s Italian Renaissance... 

An MP who represents the United Russia majority party has prepared legislative amendments that would make the Russian ruble the only valid currency in the country, and put an end to dependency on the US dollar and the Euro. Yevgeniy Fyodorov described the initiative in an interview with the Izvestia daily newspaper. He promised that the proposed bill would be made public in autumn, and declined to... 

A financial analyst says the eurozone bankers and policy makers are responsible for the bloc’s deepening economic crisis, Press TV reports. “The eurozone is really not in the bad shape that the policy makers tell us it is in. They are basically extorting us into accepting things like transforming the European stability mechanism, the new financing fund into a bank which allows them to get ten... 

People look for job offers outside a local employment office in Ahens on May 22, 2012. The number of people unemployed across the 17 countries that share the euro currency has hit a record high in June, official figures show. New data released by the Eurostat, the EU’s statistics office on Tuesday shows that 17.801 million people were out of work in the eurozone in June. The new figure is 123,000... 

German Chancellor Merkel attends a session of German parliament (Bundestag). Support has sharply declined for German Chancellor Angela Merkel’s decisions regarding the eurozone’s spiraling debt crisis, a survey suggests. The poll, conducted by YouGov and printed in the Monday edition of Bild newspaper, found only 33 percent in favor of Merkel’s stance, Reuters reported. The steep erosion in domestic... 

As every Olympic athlete knows, size matters. The London 2012 medals are the largest ever in terms of both weight and diameter – almost double the medals from Beijing. However, just as equally well-known is that quality beats quantity and that is where the current global austerity, coin-clipping, devaluation-fest begins. The 2012 gold is 92.5 percent silver, 6.16 copper and… 1.34 percent gold,... 

Europe drags the United States of America to the bottom, languishing from the global financial crisis. Tourism, trade and the raw materials industry, which previously supported the economy, are no longer in demand. Close economic relations between the US and the EU have brought the European crisis to the United States. Mark Vitner, a senior economist at Wells Fargo, conducted a research, which showed... 

Spain’s unemployment rate reaches 24.63 percent. Spain says its unemployment rate for the second quarter of the current year has reached the record high of 24.63 percent. According to the new figures released by the government of Friday, nearly 5.7 million Spaniards are now out of work. The country also says that almost 53,500 people lost their jobs between April and June alone. The jobless rate... 

On Wednesday, Ron Paul’s bill to audit the Federal Reserve was overwhelmingly passed by the U.S. House of Representatives. The vote was 327 to 98. You would think that a bill with such overwhelming support would easily become law. But it won’t, because Barack Obama and the Democrats plan to kill it. Senate Majority Leader Harry Reid has already said that the Senate will not even consider the bill.... 

A bill introduced by Rep. Ron Paul (R-Texas) to audit America’s central bank, the Federal Reserve, passed the US House of Representatives overwhelmingly Wednesday afternoon by a 327-98 vote. Paul’s ongoing efforts to call for increased transparency in the Federal Reserve have become a hallmark of his tenure in Congress and of his current campaign for the presidency. Rep. Paul is still vying for... 

Wealthy tax evaders, aided by private banks have exploited loopholes in tax legislation and stashed over $21 tn in offshore funds, says a report. The capital drained from some developing countries since 1970 would be enough to pay off national debts. ­The findings show the gap between the haves and the have-nots is much larger than previously thought. The document, entitled The Price of Offshore... 

Moshe Silman self-immolated in Tel Aviv during a demonstration against social injustice and high cost of living, July 14, 2012. Another Israeli man has set himself on fire in the city of Yehud, two days after an Israeli protester died of burns sustained in self-immolation. The 45-year-old disabled man self-immolated at a bus stop in Yehud, about 15 kilometers (9 miles) east of Tel Aviv. Medical sources... 

Poverty is spreading at record levels across many groups in the United States, from underemployed workers and suburban families to the poorest poor. Poverty in the United States is projected to climb to the highest level in nearly half a century as the recession threw millions of people out of work last year. According to a survey conducted by The Associated Press, US poverty could reach a 46-year... 

An astounding report prepared by the Ministry of Finance for President Putin today estimates that up to $35 Trillion in assets owned by what are estimated to be the 10 million individuals classified as “global elites” has been lost to global tax havens over fears that President Barack Obama is about to “shatter” the United States “permanent war economy” that has been in place since 1944. The... 

Protesters march during a demonstration against government austerity measures, in central Valencia Spanish police have clashed with protesters marching against the latest batch of austerity measures. Over a million public employees, trade union members and fed-up citizens have taken to the streets in over 80 Spanish cities. ­Violence erupted in Madrid around midnight after dozens of protesters reached...