Cyprus will collect 3.5 billion euros from Russian citizens, taking into account the total amount of deposits. The country is in the process of discussing one-time write-off of 9.9 percent of all deposits exceeding 100,000 euros. Smaller deposits may expect a smaller collection of 6.75 percent. The outflow of Russian money from Cyprus is obvious, but the question is – where will it go? All Cypriot... 

An interesting article in Forbes entitled “If Alan Greenspan Wants To ‘End The Fed’, Times Must Be Changing,” informs us that the predictions we made long ago about the Federal Reserve are coming true. The author of the article is Nathan Lewis, an economist, former strategist for institutional investors and author of a best-selling book Gold, the Once and Future Money. Our predictions regarding... 

A truly grim Ministry of Finance (MOF) report circulating in the Kremlin today says that a state of “horror and shock” has descended upon the European Union this weekend after the unprecedented announcement that all of the bank depositors in Cyprus will be forced to give up a percentage of their savings in order to bailout their EU bankster overlords. According to this report, EU officials demanded... 

Thousands of students demonstrate in Madrid to protest against Spanish government’s spending cuts in the education system, February 6, 2013. Thousands of students and teachers have demonstrated in the Spanish capital Madrid to protest against the government’s budget cuts in the education sector. Carrying flags and banners that read “Our education will not pay your debt,” the demonstrators... 

A trade union representative gives a speech in Brussels, Belgium, against austerity policies on March 14, 2013. Thousands of Europeans have staged a rally near the European Union (EU) headquarters in Brussels to protest against anti-austerity measures. About 15,000 protesters and trade union representatives from Belgium, Britain, France, Germany and other European Union countries gathered in the Belgium... 

This file photo shows technicians welding the Iranian end of the Iran-Pakistan (IP) gas pipeline to its Pakistani section during the inauguration ceremony of the final construction phase of the project, Monday, March 11, 2013. The US State Department has threatened Islamabad with sanctions if the country goes through with a joint multi-billion-dollar gas pipeline project with Iran. “We have serious... 

European Union (EU) member states have forfeited their political freedoms to a bunch of unelected officials in Brussels, an analyst tells Press TV. “Free trade is a great idea. I always support the idea of free trade among European countries – a wonderful idea. But giving up your political freedom to a central government that is virtually unelected? Are you kidding? They need to wake up,”... 

A startling report prepared by Energy Minister Alexander Novak for President Putin that is circulating in the Kremlin today warns that the United States is preparing to overturn the entire global economic system as it nears becoming the greatest energy producing nation in all of human history. According to this report, Russian, in fact global, fears of American energy dominance were realized this... 

North Korean leader Kim Jong-un China says it will not abandon North Korea and sanctions are not the ‘fundamental way’ to resolve the issues pertaining to North Korea, despite Beijing’s support for a recent UN resolution against Pyongyang. Chinese Foreign Minister Yang Jiechi said at a news conference on Saturday that Beijing’s backing of a new series of UN sanctions against Pyongyang should... 

The New York Stock Exchange (NYSE) is preparing contingency plans wherein computers will replace outcry auctioning in case another disaster, such as terrorism or severe weather, forces the closure of trading in downtown Manhattan. NYSE Euronext is preparing to submit details of the plan, which would permit computers to take securities to market just as human traders have done on Wall Street for the... 

People wait outside an unemployment bureau in the Greek capital, Athens. Official figures show that the unemployment rate in Greece rose above 26 percent in December 2012, as the country embarks on its sixth year of recession. The Greek statistics office ELSTAT announced on Thursday that the unemployment rate hit 26.4 percent in December, which is five percent more than the data registered in 2011. The... 

The number of people living in homeless shelters in New York City has hit a record high. The number of people living in homeless shelters in New York City has hit a record high, marking a 19-percent jump compared to 2012, a report says. The Coalition for the Homeless released its 2013 State of the Homeless report on Tuesday, revealing that an average of 50,135 New Yorkers have been sleeping in emergency... 

Israel fears losing the $3 billion it receives annually as U.S. military aid… American Budget cuts have left Israel fearful of losing 3 billion in annual military aid. The Israeli regime is trying to save the $3 billion per year in military aid it receives from the U.S., once budget cuts are approved by Washington. The U.S. President will have to make budget cuts of 85 billion dollars, half... 

Apparently horse meat is popular all over the world, albeit unbeknownst to most consumers. And it seems equine meat will soon be making its way back to America. Horse meat hasn’t been legally produced in the United States since 2007, but the USDA is expected to approve a horse slaughterhouse in New Mexico within the next two months, according to the New York Times. Stephanie Storm of the New York... 

Spaniards stand in line outside an unemployment office in Madrid. The Spanish Labor Ministry says the number of people who are officially registered as unemployed in Spain has surpassed a record five million. The ministry released the data on Monday, also announcing that the number of the people who registered for unemployment benefits increased by 59,444 or 1.2 percent in February, compared to a month...