The US investment bank predicts the ruble will be on the list of good performing currencies next year along with the US dollar and the Mexican peso, Bloomberg reports. Goldman Sachs recommends buying Russian and Mexican currencies over South Africa’s rand and Chile’s peso. [...]

The Russian economy and the financial sector are quite stable despite falling oil prices, a weaker ruble and sanction’s pressure, said Russian Prime Minister Dmitry Medvedev at the Asia-Pacific Economic Cooperation (APEC) Summit on Wednesday.   [...]

Overwhelmed by the city’s growing homeless population, which has increased by 12 percent in just two years, and facing an increase in complaints from neighborhoods about encampments, the Los Angeles City Council has declared a “shelter crisis.” The measure was adopted by the Los Angeles City Council on Tuesday in a 14-0 vote. [...]

Another deep cry, followed by a shrug. The world is at war, at war, at war. But it only hurts them, the helpless ones, the anonymous poor, who absorb the bombs and bullets, who bury their children, who flee their broken countries. Sixty million people have been displaced by the current wars, the highest number of uprooted since World War II. But who cares? [...]

News headlines this week of epidemic drug abuse and mortality among Americans confirm what many observers have already noted – America is in bad, bad shape. But despite the media coverage, there was little commentary on the backdrop to the malaise. American society is collapsing because of an epic failure in the economy. [...]

Last week I compared the US – and by extension all economies based on the same model – to Semtex. My exploration of this analogy both ruffled feathers and raised questions. This week, I want to address five of the most common criticisms the article generated.   Have not read part one yet? CLICK HERE  to read it first.   Or CLICK HERE to proceed to the current article! [...]

The Middle East’s biggest economy, Saudi Arabia may run out of financial assets within the next five years if the government maintains its current policies, warns the International Monetary Fund. The conflicts have given rise to large numbers of displaced people and refugees, on a scale not seen since the early 1990s, according to the report. [...]

Anxiety is growing in the bond market as the US gets closer to a potentially catastrophic default if Congress does not raise the $18.1 trillion debt ceiling by November 3. Neither the House of Representatives nor the Senate have offered a bill which would allow Washington to escape disaster. [...]

Let’s start with some classic Russian politics. Finance Minister Anton Siluanov is drawing up Russia's economic strategy for 2016, including the government budget. Siluanov – essentially a liberal, in favor of foreign investment - will present his proposals to the Kremlin by the end of this month. [...]

More and more investors are expressing concern that US stocks are overvalued, which may result in a major bear market - characterized by falling prices and widespread pessimism, Nobel laureate in economics Robert Shiller told the FT. Studies have shown that the level of uncertainty among investors has peaked since the end of the dot-com boom in 2000, said Shiller. [...]

As stock markets continue their slide into negative territory, economists debate whether the problems lie in monetary mismanagement by the US Federal Reserve or with China’s domestic concerns “exporting pain” to others via its yuan devaluation. Speaking to RT, economist Peter Schiff of Euro Pacific Capital Inc. said that there is a lot of “scapegoating” surrounding China and the yua [...]

There is much the ancient world can still teach us, and one of the key lessons today is that mass migration - motivated by war, societal collapse, and poverty - is capable of destroying even the mightiest of empires. At the height of its power, the Roman Empire was so vast and omnipotent that it was run on the basis of the dictum: "Roma locuta est. Causa finita est" (Rome has spoken. The cause [...]

Boeing says it intends to cut "several hundred" jobs due to a decline in US military spending and delays in the number of satellite orders. The move is being blamed over uncertainties regarding future funding from the US Export-Import Bank. The layoffs are set to be implemented by early 2016, according to Reuters, which cited an internal memo within the company. [...]

At the opening bell on Wall Street the Dow Jones Industrial Average plummeted as much as 1,000 points in the first minutes of trading. Later it corrected to 485 points down or around three percent. The Nasdaq dropped eight percent at the start of trading, but is now down three percent. The S&P 500 had initially sunk five percent and is now down three percent. [...]

The Dow Jones industrial average suffered its worst loss in five years after the market plunged into a correction on Friday. Stock markets around the world lost value amid concerns over the global economy. The Dow plunged nearly 531 points ‒ 3.1 percent ‒ to close the day at 16,459.75. [...]

The Global Economy Is Imploding, Bankrupt Greece & China! 3 New Incredible Marc Faber Warnings: Global Economy is "weakening" Greece should default Are Chinese markets an "accident to happen?" [...]

Athens has approved a deal to hand over the operation of 14 airports to a German company. The 40-year contract worth €1.23 billion was awarded to Fraport AG, which currently runs Frankfurt Airport. The airports are not the only things on sale in Greece right now. Other travel hubs like ports and railways, the national lottery, water utilities and even the islands are to be sold off. [...]

Every week Max Keiser looks at all the scandal behind the financial news headlines. In this special episode of the Keiser Report from Chicago, Max Keiser and Stacy Herbert discuss the “great manufacturing meltdown” in Chicago. In the second half, Max is joined by Mike ‘Mish’ Shedlock of globaleconomicanalysis.blogspot.com to discuss Chicago’s junk debt situation. They also explore the e [...]

Gerald Celente: Founder & Director of the Trends Research Institute - Gerald has had a long track record of making some of the most controversial, yet correct calls in terms of global trends and events. In fact, many consider Mr. Celente to be the top trends forecaster in the world. Gerald has been quoted and interviewed in media throughout the world such as KWN, CNBC, Fox, CBS, ABC, NBC, BBC, [...]

The global economy is in for a "catastrophe of historic proportions," says investor Doug Casey. "With these stupid governments printing trillions and trillions of new currency units," says investor Doug Casey, "it's building up to a catastrophe of historic proportions." [...]

China's central bank has put the Russian ruble into circulation in Suifenhe City, Heilongjiang Province, launching a pilot two-currency (ruble and yuan) program. The ruble is being introduced in the place of US dollar. The announcement was made on Saturday by Jin Mei, deputy secretary for monetary policy at the opening ceremony of a trade exposition in Suifenhe, reported state-run Xinhua news a [...]

China’s gold holdings grew by 604 tons to 1,658 tons since 2009, according to the data from People’s Bank of China revealed on Friday. The country thus overtook Russia to become the fifth largest holder of gold in the world. The information has been disclosed after a six-year delay. China’s central bank has reported changes to its gold reserve levels only four times over the last 15 years [...]