A man dressed as an "evil banker" stands outside Saint Paul's Cathedral in central London as protestors gather on October 15, 2011 Bankers really do control the world! That’s according to Swiss researchers who, in an exhaustive scientific study, mapped out a blueprint showing the real architects of global economic power. From freemasons to the Council on Foreign Relations to Bilderberg,... 

Towards the twentieth condemnation of U.S. blockade against Cuba. While the United States intensified its economic blockade against Cuban trade and finance, the UN General Assembly advanced a new condemnation almost unanimously, against this siege, the twentieth in 20 consecutive years. The topic will be considered by the highest organ of the United Nations next Tuesday, when it will vote on a resolution... 

This story from Bloomberg just hit the wires this morning. Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC. This means that the investment bank’s European derivatives exposure is now backstopped by U.S. taxpayers. Bank of America didn’t get regulatory approval... 

Some people have started realizing that there are large financial groups that dominate the world. Forget the political intrigues, conflicts, revolutions and wars. It is not pure chance. Everything has been planned for a long time. Some call it “conspiracy theories” or New World Order. Anyway, the key to understanding the current political and economic events is a restricted core of families... 

The building of the US Treasury Department in Washington DC The US Department of the Treasury has announced that the government’s budget deficit has climbed to USD1.3 trillion in the current fiscal year, fueling concerns about the country’s economic crisis. Washington’s 2011 budget deficit shows an increase of USD 0.01 trillion dollars from the US deficit in the fiscal year 2010,... 

Russian Prime Minister Vladimir Putin lambasted “parasitic” US monetary policies today at a press conference in Beijing. “The US is not a parasite, but the US dollar’s monopoly is a parasite,” he said, backing Chinese calls for an alternative global reserve currency in light of the economic crisis crippling the developed world. Mr Putin said his comments were “constructive... 

A spokesman with China’s Foreign Ministry on Wednesday called on the U.S. government, its congress and various communities to firmly oppose domestic legislation meant to pressure China’s currency, the Renminbi or yuan, into rising further. “China calls on the U.S. government, its congress and various communities to oppose the pressure put on the RMB exchange rate by domestic legislation... 

Australia has passed its controversial carbon tax law. One of the worst aspects of living in these apocalyptic times is that whenever you look around the world, wondering where you might escape to, you begin to realise that everywhere else is just as bad if not worse. Take Australia, an island built on fossil fuel with an economy dependent on fossil fuel. What would be the maddest economic policy a... 

The Obama administration passed another fiscal milestone this week, according to new data released by the Treasury Department. As of the close of business on Oct. 3, the total national debt was $14,837,099,271,196.71—up about $44.8 billion from Sept. 30. That means that in the less-than-three-years Obama has been in office, the federal debt has increased by $4.212 trillion–more than the total... 

Robert Zoellick, the head of the World Bank, on Saturday decried Germany’s lack of leadership during Europe’s sovereign debt crisis. Speaking to business magazine Wirtschaftswoche, Zoellick said Chancellor Angela Merkel’s government had no vision of how to solve the problems of the 17-member eurozone. “There has been a lot of political bumbling, but the economy and the markets need direction... 

Mervyn King, Governor of the Bank of England The world is facing the worst financial crisis since at least the 1930s “if not ever”, the Governor of the Bank of England said last night. Sir Mervyn King was speaking after the decision by the Bank’s Monetary Policy Committee to put £75billion of newly created money into the economy in a desperate effort to stave off a new credit crisis and a UK... 

Rating agency DBRS Incorporated has upgraded its ratings on Argentina´s long-term foreign and local currency securities to “B” from “B (low)”. According to the international report, strong growth in neighboring Brazil -Argentina’s main trade partner- and highly favorable world agricultural commodity prices have led to a strong recovery in 2010-2011 GDP growth. However, the Canadian... 

Lithuania's Foreign Minister Audronius Azubalis Lithuania’s top diplomat urged Moscow on Tuesday to start considering the issue of compensation for the Soviet-era “occupation” of his country. “I have encouraged Russia to open a dialogue on the joint evaluation of the past, the restoration of justice, compensation for the occupation, and problems of the investigation of crimes... 

Putin wants to further globalize the world by creating a union similar to the European Union, the Eurasian Union. Vladimir Putin has proposed the creation of a new international power nexus between Europe and the Asia-Pacific region in an article in the Izvestia daily. According to the Voice of Russia, the Eurasian Union is Putin’s priority. The Izvestia article, published on Tuesday, mainly... 

The emergence of China as the world's fastest-growing major economy has led to often strained relations with the United States. The passage of a bill intended to make Beijing let its currency rise could lead to a trade war between the world’s top two economies, Chinese officials have warned. Both China’s central bank and ministries of commerce and foreign affairs are accusing the U.S....