The attorney general of the United States says the country’s largest banks may be too big to jail, but the former chief economist for the International Monetary Fund isn’t exactly convinced. Simon Johnson, the former top IMF economist and a current professor at the MIT Sloan School of Management, published a blistering editorial in Bloomberg News this week that makes an argument for imprisoning... 

Germany is looking for ways to fund its major geopolitical projects. Taking money from the German citizens is dangerous as it may not be appreciated. German authorities set their sights on Russia. The Germans will take money from Russia without even asking for permission. Recently the Russian-German relations have not been the greatest. Of course, they are not at the level of the Russian-American... 

Cypriot MPs vote on a controversial bailout package during a parliament session in Nicosia on March 19, 2013. The Cypriot parliament has voted against a revised bank deposit levy. The tax was meant to shave 9.9% off any deposits over €100,000 and has since caused uproar in the country. Thirty six deputies voted against the proposal to tax bank deposits in the 56-member chamber, while 19 abstained.... 

Britain’s Royal Air Force is flying out one million euros ($1.3 million) in emergency loans for UK military personnel, as a “contingency measure” in case debit cards and cash machines stop working on the island. Britain’s ministry of defense (MoD) said the flight has a “contingency measure” in case banks in Cyprus stop giving out cash, as the country deals with the fallout from a controversial... 

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... 

Every indication clearly suggests that authorities in the United States are preparing for widespread civil unrest. This trend has not emerged by accident – it is part of a tried and tested method used by the banking elite to seize control of nations, strip them of their assets, and absorb them into the new world order. There is a crucial economic imperative as to why the elite is seeking to engineer... 

The International Monetary Fund (IMF) has issued Argentina with a ‘declaration of censure’ for providing inaccurate inflation and GDP data and has given it until September 29th to amend the problems or will impose sanctions. The IMF Friday called on Argentina to fix its statistics “without further delay” “The fund has issued a declaration of censure against Argentina in connection... 

Greek lawmakers have approved a new tax legislation intended to increase government revenues by 2.3 billion-euro (3 billion USD) in the following months. The new tax bill was approved with the support of the majority of the lawmakers in the 300-member parliament early on Saturday. The new legislation aims to tax any income above 42,000 euros (56,000 USD) per year at 42 percent. The passage of the... 

Thousands of people hold a demonstration outside the Portuguese parliament in the capital Lisbon on October 31, 2012. Thousands of people have gathered outside the Portuguese parliament in Lisbon to protest against the assembly’s approval of the government’s 2013 draft austerity budget. The demonstration was staged on Wednesday after the parliament approved the draft bill, which proposes substantial... 

Argentinean President Cristina Fernandez addresses world leaders at the United Nations General Assembly on September 25, 2012 in New York City. Argentine president has blasted the International Monetary Fund after the financial institution warned the Latin American country could get ‘a red card’ for failing to provide reliable data on its economy. The head of the IMF Christine Lagarde on Monday... 

Euro zone finance ministers want a clear cut answer from Spain whether it will seek financial support after Madrid’s borrowing costs sharply lowered following the European Central Bank decision to buy bonds last week. Will Spain ask for its bailout, so that the ECB’s unlimited bond buying project can be launched? This question has recently been number 1 in Europe. The ECB has made it clear... 

Greek Finance Minister Yiannis Stournaras talks to the press after meeting with the EU-IMF-ECB troika at the prime minister’s office in Athens on September 10, 2012. Greek Finance Minister Yannis Stournaras says the cash-strapped euro member has offered its multi-billion-euro austerity program to its troika of international auditors. “We have submitted the 11.5-billion-euro ($14.7 billion)... 

China is considering buying more EU government bonds amid a worsening European debt crisis in order to support its biggest trading partner, according to Chinese Premier Wen Jiabao. “China is willing, on condition of fully evaluating the risks, to continue to invest in the eurozone sovereign debt market, and strengthen communication and discussion with the European Union, the European Central... 

“German” Minister of Economy Philipp Roesler has expressed disillusionment with debt-ridden Greece’s endeavors to implement reforms to save its economy. “I’ve lost my illusions,” Roesler told the weekly magazine Focus in an interview to be printed on Monday. “I proposed with German businesses a whole series of support measures for the Greek government,” he said. “The... 

The West is mercilessly criticizing the Argentine government for a policy of debt reduction, maintaining of solvency and promotion of local producers. All this is because the country did not resort to the loaded assistance by the IMF or World Bank. Now many Argentines believe that the events of 2001 are being repeated, but the situation is still far from the dead end like in Europe. Argentine President...