A Ministry of Foreign Affairs (MFA) “urgent bulletin” being sent to Embassies around the world today is advising both Russian citizens and companies to begin divesting their assets from Western banking and financial institutions “immediately” as Kremlin fears grow that both the European Union and United States are preparing for the largest theft of private wealth in modern history. According... 

In Nigel Farage’s first TV appearance since the Cypriot wealth tax was announced, the Englishman pulls no punches. In all his years and all his experience of the desperation of the European Union’s leadership “never did [he] think they would resort to stealing money from people’s savings accounts.” The simple fact is that they know they cannot let any country leave, no matter how small,... 

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 world’s 100 richest people earned a stunning total of $240 billion in 2012 – enough money to end extreme poverty worldwide four times over, Oxfam has revealed, adding that the global economic crisis is further enriching the super-rich. “The richest 1 percent has increased its income by 60 percent in the last 20 years with the financial crisis accelerating rather than slowing the process,”... 

A new poll has found that only one in four people Britons support the coalition government’s international aid policy, with over 60 percent believing the money is being wasted, local media reported. The survey commissioned by Ipsos-Mori found that only 6 percent of people strongly disagreed with the idea that foreign aid is wasted, The Daily Telegraph reported. The survey follows a series of reports... 

What your credit says about you: Banks steer clear of giving loans to people with scores below 660, while scores above 750 are considered good according to this graphic by Credit Karma Asking for a date’s credit score has apparently eclipsed more traditional check-list questions like a good job and shared interests. According to the New York Times, websites like Creditscoredating.com state that... 

Outgoing Mexican President Felipe Calderon has signed into law a ban on large cash transactions. The ban will take effect in about 90 days and it is part of a broader effort to control monetary flows within the country. Under the law, a Specialized Unit in Financial Analysis operating within the Attorney General’s Office will be created to investigate financial operations “that are related... 

New Zealand is to release special commemorative coins depicting characters from JRR Tolkein’s The Hobbit. They are being issued to coincide with the premiere of the Peter Jackson film of the book. The coins will be valued between $25 and $3000. New Zealand has been the setting for all of Peter Jackson’s movies of Tolkein books including the three part Lord of the Rings. The coins will go on sale... 

While economists, government officials, and mainstream media experts argue about whether a recovery is finally taking hold, the evidence on the ground provides a clear insight about where the country is headed. A nationwide Gallup survey involving 177,000 U.S. adults proves what many contrarians have been screaming for some time: For most Americans there is no recovery. After having lost 40% of their... 

The United States might officially be the worst neighbor on Earth: the US now owes its allies $5.2923 trillion, the most money the country has ever been indebted to its foreign friends in the history of the nation. Statistics released this week by the US Treasury indicate that, as of June 2012, the United States has borrowed bucks from most of the world’s major countries and has accumulated a debt... 

Wealthy tax evaders, aided by private banks have exploited loopholes in tax legislation and stashed over $21 tn in offshore funds, says a report. The capital drained from some developing countries since 1970 would be enough to pay off national debts. ­The findings show the gap between the haves and the have-nots is much larger than previously thought. The document, entitled The Price of Offshore... 

Hundreds of Occupy Wall Street activists have rallied on Capitol Hill to “Occupy Congress”, decrying corporate influence on the American government in a direct message to lawmakers. ­The protesters had permission to hold a rally on the Capitol’s West Lawn. However one step outside the sanctioned area brought the risk of arrest. Demonstrators were unable to resist the temptation to test... 

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... 

Is greed good? Research from the U.S. suggests inequality in a culture makes that society stronger Are greedy bankers good for society? Egalitarian civilisations ‘are weaker’ than those with inequality. Shortages of food affected the poor more, but the upper classes were able to maintain hierarchies. In equal societies everyone suffered the same, making those cultures less able to adapt... 

This file photo shows members of a group called 'The Other 95 Percent' hold a rally to thank US President Barack Obama for their middle class tax cuts as a counter-protest to anti-tax groups rallying on the National Mall in Washington April 15, 2010. The American middle class is on the verge of disappearing, while the United States, itself, is in danger of becoming a third world country, a...