A grim report just issued by the Finance Ministry that is circulating in the Kremlin today says the United States Clearing House Interbank Payments System (CHIPS) has ground to a virtual halt signaling that a major global economic collapse is currently underway and could very well likely enter into the dreaded “freefall zone.” Virtually unknown to all but the global financial elite, CHIPS is the... 

U.S. Defense Secretary Leon Panetta said he would raise American concerns about the unintended consequences of any military action against Iran during talks with his Israeli counterpart on Friday, including its potential impact on the world economy. Panetta, speaking to reporters traveling with him to Canada, said the United States believed the most effective way to confront Iran still was to use...