A grim Ministry of Finance (MOF) report circulating in the Kremlin today warns that Venezuela’s “nuclear option” crashing of its currency yesterday is a “clear signal” that the Western banking systems “house of cards”, erected in the aftermath of the 2007-2008 Global Economic Crisis, is in “total collapse” with the expected final outcome to be an “apocalyptic” crash of the US... 

The United States believes the rebalancing of the global economy “is not progressing as well as needed,” Treasury Secretary Timothy Geithner, pictured on October 6, told world economic leaders Friday. The specter of a damaging global currency war hung over a meeting of economic powers in Washington Friday, as China and the United States again clashed over efforts to rebalance world trade. Finance...