I know that headline sounds completely outrageous. But it is actually true. The U.S. government is borrowing about 8 trillion dollars a year, and you are about to see the hard numbers that prove this. When discussing the national debt, most people tend to only focus on the amount that it increases each 12 months. And as I wrote about recently, the U.S. national debt has increased by more than a trillion... 

It’s hard to believe, but it is nevertheless true, that just one year ago this month the world was celebrating because the Obama regime and its war-hawk allies were stopped dead in their tracks in their plan to start a new war against Syria…and by extension World War III. The cause célèbre for the September, 2013 war against Syria, used by the Obama regime and its allies, was a deadly chemical... 

An American economist says the political tensions between Washington and Moscow will speed up the demise of the US dollar in international transactions. “The political tensions between the United States and Russia has increased or speeded up the process of which nations are doing business between countries instead of dollars and doing it with their local currencies,” Mark Thornton, Senior Fellow... 

Bilderberg, the annual gathering of the world’s most powerful politicians and business magnates, is clearly shaping global policies by positioning its favored politicians as world leaders, determining the timetables of military conflicts and influencing the economic policies of nearly every nation on the planet, impacting the lives of billions around the globe. Daniel Estulin, an author and expert... 

Is the petrodollar monopoly about to be shattered? When U.S. politicians started slapping economic sanctions on Russia, they probably never even imagined that there might be serious consequences for the United States. But now the Russian media is reporting that the Russian Ministry of Finance is getting ready to pull the trigger on a “de-dollarization” plan. For decades, virtually all oil and... 

In 1994, Cuba established the dual monetary system following the fall of the Soviet Union, which financially supported Cuba for decades. Cuba’s top economic official says the government will eliminate a currency pegged to the US dollar, in a move to end its dual-currency system and address problems of economic inequality. Vice-President Marino Murillo told parliament on Friday that the convertible... 

The United States is experiencing an “economic collapse” because major powers like China and Russia have decided not to use US dollar in trade, a political analyst says. “The American economy is just beginning to collapse. China, Russia and many other countries are moving away from using the US dollar in trade,” Linh Dinh said in an interview with Press TV on Tuesday. “So when the US dollar... 

To protect Russians against the “collapsing US debt pyramid”, a Russian legislator has filed a draft bill to ban circulation of the currency in Russia. Once a Moscow mayoral hopeful, Mikhail Degtyarev, 32, likens the US dollar to a worldwide ponzi scheme which he says is scheduled to end in 2017. “If US national debt continues to grow at its current rate, the dollar system will collapse in 2017,”... 

Already bigger than many sovereign currencies, Bitcoin has broken the $1 billion in value mark this week. In the wake of continuing economic crises and liquidity shortages, this new virtual currency is poised to challenge the euro and US dollar. By not being tied to any particular financial institution and independent from world governments, Bitcoin will become a safe haven for anyone trying to save... 

Arizona may become the second state, after Utah, to recognize gold and silver as legal tender authorized for payments of debts and taxes. The Arizona Senate voted Thursday to approve SB 1439 which allows businesses and the state government to accept payments in gold or silver. The Legal Tender bill specifies that legal tender in Arizona consists of all of the following: 1. Legal Tender authorized... 

A sobering “Critical Alert” issued by the Ministry of Foreign Affairs (MFA) this afternoon is warning all Russian diplomatic personal and civilian workers currently residing in the United States that an “imminent terror attack” should be expected to occur during the next fortnight, up to and including 12 February. The three-level alarm system of terrorism threats issued in this report was... 

An MP who represents the United Russia majority party has prepared legislative amendments that would make the Russian ruble the only valid currency in the country, and put an end to dependency on the US dollar and the Euro. Yevgeniy Fyodorov described the initiative in an interview with the Izvestia daily newspaper. He promised that the proposed bill would be made public in autumn, and declined to... 

Euro fell against the dollar in the Asian session to erase gains made yesterday. Risk was off again after comments by Federal Reserve Chairman Ben Bernanke disappointed. He refrained from signalling immediate steps the U.S. central bank might take to spur growth in the world’s largest economy. Before Bernanke’s comments , market sentiment was high yesterday as the central bank of China... 

The Egan-Jones agency has downgraded the US credit rating for the second time to AA as debt to GDP surpasses the 100 percent mark and is worsening. Press TV has interviewed Allen Roland, freelance alternative press online columnist in Sonoma California about the latest down grade adjustment to the US economy; how the administration is performing their duty to accurately inform Americans; and how this... 

U.S. politicians are rapidly losing faith in the dollar, with more than a dozen states proposing legislation to legalise gold and silver as a currency. Politicians in Colorado concerned about the nation’s financial stability are the latest to push a bill to legalise gold and silver coins as usable currency. But from a consumer angle the conservative bill would not lead to people carrying gold...