Dollar exchange rate continues to rise, despite the enormous national debt and virtually pre-default state of the USA. Why? 
Mikhail Fedorov, analyst of “RIC-Finance”:
 “Today, because of the debt crisis the Eurozone and the U.S. became competitors in terms of their attractiveness to outside investment, and therefore their ability to fund their own public loans. In fact, they... 

US President Barack Obama speaking at the White House in Washington on September 19, 2011 US President Barack Obama has unveiled a new plan to reduce the country’s yawning deficit by more than USD 3 trillion over the next decade, Press TV reported. Some USD 1.5 trillion is expected to be raised through an increase in taxes for the wealthy and corporations. “We can’t just cut our way out... 

A new report prepared by Russian Deputy Finance Minister Tatyana Nesterenko about the Eurogroup meeting of the Informal Economic and Financial Affairs Council (ECOFIN) in Wroclaw Poland on the growing European debt crisis states that EU Finance Ministers were “left stunned” Friday after they were told by US Treasury Secretary Timothy Geithner [photo top right] that President Obama was “not in... 

A grim report prepared by Deputy Prime Minister Sergei Ivanov, Chairman of Russia’s Government Military-Industrial Commission, is warning today that US President Obama’s order to install Raytheon (RTN) SM-3 missile defense systems 50 miles from the Russian enclave of Kaliningrad this past week is “more than likely” related to America’s planned invasion of Mexico that he warns “may be imminent.” Ivanov’s... 

A disturbing report prepared by General Alexey Maslov, the Senior Military Representative of the Permanent Mission of Russia to NATO, states that he has been notified by the Americans of their plan to hold a DEFCON 1 “Cocked Pistol” maximum readiness alert drill on 27 September which will be overseen by President Obama at one the United States most secure bunkers located beneath the Denver International... 

Obama’s $450 billion employment package to save ONE job: his! Struggling President unveils plan to cut tax for middle class but who pays? Facing a barrage of criticism over his handling of the economy, President Obama last night unveiled a massive $450bn plan to combat the country’s unemployment crisis – and try to save his own job. In a rare address to a joint session of US Congress... 

The August jobs report was dismal for plenty of reasons, but perhaps most striking was the picture it painted of racial inequality in the job market. Black unemployment surged to 16.7% in August, its highest level since 1984, while the unemployment rate for whites fell slightly to 8%, the Labor Department reported. “This month’s numbers continue to bear out that longstanding pattern that... 

John Guandolo Infiltration of the federal government by members of the radical Muslim Brotherhood is worse than some have warned recently, says a former FBI special agent in Washington. The agent confirmed that at least three operatives of the Egypt-based Brotherhood – whose credo is “Jihad is our way and death in the cause of Allah is our dream” – have penetrated the Obama administration. The... 

In response to a recent wave of lemonade stand shut downs and harassment of children over such petty regulations as are used to shut them down, several activist gathered at the west lawn of the capitol in Washington, DC to sell lemonade and were arrested. While the officers were technically on solid “legal” ground in shutting down the stand, they behaved inappropriately by any standard... 

Eighty-one congressmen, about 20 percent of the US House of Representatives, will visit Israel for week-long trips sponsored by American Israel Education Foundation in next three weeks during Congress’s summer recess. The first group of 26 Democrats are scheduled to arrive as early as Monday. 55 Republican, 26 Democratic congressmen about 20% of US House of Representatives to visit Israel by summers... 

United States, Washington: The US Treasury on August 5, 2011 after Standard & Poor's cut the US credit rating for the first time in history. The US has lost its top-level triple-A credit rating for the first time since 1917, after Standard & Poor’s downgraded it to an AA-plus, with an even lower AA rating on the horizon. ­The decision comes after the White House and lawmakers reached... 

A shocking Russian Finance Ministry report prepared for Prime Minister Putin is warning today that massive liquidity runs on American and European financial institutions over the past fortnight are in danger of collapsing the entire global economic system leaving war as the only “option” for the West to use to protect itself from complete obliteration. According to this report, the genesis of... 

USA urges Russia to de-occupy Georgia. This was stated in a resolution adopted by the U.S. Congress, which stresses that Abkhazia and South Ossetia, in line with the resolution, are recognized as the regions of Georgia occupied by the Russian Federation. The resolution urges the Russian government to take steps to meet the conditions of the armistice agreement of 2008 between Georgia and Russia, including... 

US President Barack Obama US President Barack Obama says America is witnessing its worst economic downturn since the Great Depression of the 1930s, and blamed political wrangling for the worsening of the crisis. “There is no doubt that we have gone through an extraordinary period in world history. We had the worst recession since the 1930s here in the United States,” Obama said in an interview... 

In this game, the house always wins. Bipartisan complicity stacked the deck against millions of working households, needing to know that political Washington is scamming them. The end result is the banana republicanization of America. American writer O. Henry (William Sydney Porter: 1862 – 1910) coined the term (his fictional Republic of Anchuria) in his book, “Cabbages and Kings.” It refers...