Russian president Vladimir Putin has proposed a bill to the country’s legislature to eliminate the dollar and the euro from trade between member states of the Commonwealth of Independent States (CIS). A statement from the Kremlin said that Putin submitted to the State Duma a draft federal law which seeks an integrated currency market in the CIS. “This would help expand the use of national currencies... 

A new Ministry of Defense (MoD) report circulating in the Kremlin today states that President Putin has “modified” his order yesterday permitting the Federation to attack Islamic State of Iraq and the Levant (ISIL/ISIS) forces in the Levant War Zone (Eastern Mediterranean) after the Obama regime late last night ordered an “unexpected and highly provocative” massive nuclear war drill all along... 

Last week’s historic stock market crash was caused not by China, but by the US Federal Reserve, according to former US Congressman Ron Paul. In a column published on his website Sunday, Paul blamed the crash on flawed monetary policy from the Fed, and not on China’s recent currency devaluation, as many experts said. “The Federal Reserve’s inflationary policies distort the economy,... 

China and Russia are changing the financial architecture of the world, award-winning author, sociologist and geopolitical analyst Mahdi Darius Nazemroaya emphasizes, recommending the Wall Street financial elite to focus on America’s domestic problems instead of trying to undermine China’s economy. The rise of the yuan sends shivers down the spine of America’s financial elite: fearing... 

The Congressional Budget Office predicts a negative evaluation of the US revenues in the coming 10 years. The analysts noted, that despite the current growth of the country’s revenues, the problem of a huge public debt still cannot be solved, that can generate a twofold deficit of the state budget by 2025. Government revenue will continue to increase, and will reach $5 trillion by 2025, which... 

Asian stocks take heart from a sharp rebound in US shares, breaking a six-day losing streak which plunged global markets into mayhem. The turnaround came after carnage on global markets which shaved $2.2 trillion off US stocks, with China being at the epicenter of the financial tremors. China’s Shanghai Composite Index on Thursday rose 2.2% to reclaim the critical 3,000 mark. The benchmark’s steep... 

The Ministry of Finance (MoF) is reporting today that British banking giant HSBC is nearing a total collapse after its having lost a staggering nearly $1 trillion due to the ongoing Great 2015 Global Market Crash and earlier today it completely ran out of cash to pay its obligations and depositors. According to this report, HSBC is a multinational banking and financial services company headquartered... 

China sells the US Treasuries to smooth the consequences of the devaluation shock of August 11. The treasury of the country adopted selling the US Treasuries securities directly, as well as through agents in Belgium and Switzerland. The Chinese government also decided to reduce investments into the US Treasuries. The US Secretary of the Treasury Jacob Lew has previously talked with the Vice Premier... 

Redacted documents detailing covert meetings between the European Commission (EC) and powerful tobacco lobbyists have compounded fears a secretive EU-US trade deal would allow tobacco giants to sue governments that attempt to legislate in the public interest. The documents, which confirmed the EC had met with lobbyists paid to peddle the interests of Big Tobacco, were published earlier this week. The... 

A curious Ministry of Finance (MoF) report circulating in the Kremlin today says that the Central Bank of Russia (CBR) has “accepted for protection” 3 million ounces of gold worth over $3.5 billon from US banking and financial services giant Citigroup along with a further nearly $100 billion in cash. According to this report, 1.4 million ounces of this now protected gold in the vaults of the CBR... 

World stock markets plummeted on Monday as the Shanghai composite closed down 8.5%, marking the biggest slide in Chinese stocks since 2007. The brutal sell-off comes despite Beijing’s measures to arrest the decline. “This is a real disaster and it seems nothing can stop it,” Chen Gang, Shanghai-based chief investment officer at Heqitongyi Asset Management Co., told Bloomberg. “If we don’t... 

Beijing’s depreciation of the yuan in mid-August has triggered a wave of copycat moves from other countries and falling values of currencies. Is this a new currency clash, or is each case specific? What happened in China? In three consecutive days last week, the People’s Bank of China devalued the national currency, with a 4.4 percent overall depreciation. The step was intended to revive exports,... 

As much as the financiers on Wall Street and the officials at the Fed would like the party to keep going, it looks it’s finally about to stop. Years of bailouts and monetary expansion have created one of the most inflated and artificial economic booms in history, and now it appears that this global economic bubble is deflating. Markets across the board are melting down as we speak, and the financial... 

Prime Minister Alexis Tsipras has confirmed his resignation and early election plans for Greece in a live address. The move comes after Athens managed to pay a huge chunk of its €3.4 billion debt to the ECB. “The political mandate of the January 25 elections has exhausted its limits and now the Greek people have to have their say,” Tsipras said in a televised address Thursday night. Tsipras... 

Hundreds of thousands of Brazilians have taken to the streets across the country to protest against alleged government corruption and looming recession, calling for the resignation of President Dilma Rouseff. At least 5,000 demonstrators gathered in the city center of the capital Brasilia on Sunday and a police estimate showed that some 419,000 other protesters marched in 12 other cities of Latin...