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Finance

We’ve Reached “Never Never Land” Accounting

There is good reason people are going to real assets. The U.S. government is “missing” $21 trillion between the DOD and HUD. This fact was uncovered by Fitts and economist Dr. Mark Skidmore last year. What was the government’s answer to this gigantic accounting fraud that is the size of the federal deficit? Give the […]

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Bank of Russia Won’t Buy Foreign Currency Until Year’s End – Deputy Governor

ST PETERSBURG – The Bank of Russia not going to resume purchasing foreign currency on behalf of the Russian Finance Ministry even if the there is a decrease in volatility in the foreign exchange market, First Deputy Governor Ksenia Yudaeva said on Thursday.

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Infowars says PayPal has terminated agreement with it for promoting ‘hate’

Payment processing service PayPal has banned Alex Jones’s InfoWars, saying that the site “promoted hate and discriminatory intolerance” and thus violated their use policy. InfoWars itself broke the news on Friday, saying that PayPal sent them an email the day before informing Jones of the decision.

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US sanctions are sign of dollar crisis & decline of confidence – Lavrov

The US dollar system has completely discredited itself and the confidence in the greenback is falling very sharply, according to the Russian Foreign Minister Sergey Lavrov. Sanctions by Washington are a sign of that. Russia is working on ways to cut its dependence on the US and the dollar system, Lavrov said Friday during his […]

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Russian stock market hits another all-time high amid further ruble growth

The Ruble-traded MOEX stock index is enjoying a bumper week as it reaches all-time highs on an almost-daily basis.The growth is linked to the strengthening Russian currency despite a threat of new US sanctions and high oil prices.

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Did Russia’s dumping of American debt force US Treasury to borrow more money?

The growing budget deficit will force the US government to borrow $56 billion more this quarter than expected. Curiously, the amount is close to what Russia sold in US Treasury securities in April and May. Citing surging spending and falling tax receipts, the US government will borrow the most money since the 2008 financial crisis.

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China slashes US Treasury securities to six-month low as trade tensions mount

The biggest holder of US Treasury bills, notes and bonds – China – has dropped $7.8 billion worth of US sovereign debt as a large-scale trade conflict, launched by Washington earlier this year, breaks new ground. The latest statistics released by the US Treasury Department showed that China’s share of US sovereign bonds hit a […]

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Russian stock market hits all-time high as ruble strengthens despite US sanctions pressure

The recent growth in the Russian currency has helped the ruble-traded MOEX index reach an all-time high on Tuesday. The index rose to 2,390 points for the first time in history after the ruble strengthened to 67.7 against the dollar and 79.1 against the euro. Earlier in September, the Russian currency had suffered a deep […]

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‘Save yourself if you can’: More countries are seeking ways to dump the US dollar

Countries around the globe are trying to find ways of substituting the US dollar in trade, according to Russian presidential spokesman Dmitry Peskov. “All of a sudden, the country which issues the US dollar starts making steps which are shattering trust in this reserve currency.

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‘Toxic’ banks treated with soap & smoke on anniversary of Lehman’s collapse [VIDEO]

A French anti-globalist group has covered the walls of the country’s most prominent banks with black soap, lightning orange smoke bombs, and green slime to decry the “toxic” finance industry.Hundreds of activists from Attac France staged a series of protests across the country on Saturday to mark the anniversary of the global financial crisis, which […]

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Iran, Russia, Turkey Discussed Non-Dollar Trade at Summit in Tehran – Reports

MOSCOW (Sputnik) – Iranian Central Bank Governor Abdolnaser Hemmati has discussed a possible replacement of the US dollar by national currencies in trade transactions with Turkish and Russian representatives at the recent trilateral summit of the Syrian ceasefire guarantor states, local media reported.

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US dollar just few short years away from losing global dominance, investor Jim Rogers

The United States is the largest debtor nation in the world and “it’s getting worse and worse,” according to investment guru Jim Rogers, who talked to RT on the sidelines of the Eastern Economic Forum (EEU) in Vladivostok. Rogers admits that he still owns a lot of US dollars but not because it’s a sound […]

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US dollar completely ditched in trade between Iran & Iraq – official

The US dollar is no longer used by Tehran and Baghdad in bilateral trade, giving way to the euro and local currencies, as well as direct barter of goods, head of the Iran-Iraq Chamber of Commerce Yahya Ale-Eshagh has revealed.

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Death knell tolls for the euro as more European nations repatriate gold – expert to RT

The latest trend among European countries of bringing home their gold reserves has been raising concerns in Brussels. RT talked to Claudio Grass of Precious Metal Advisory Switzerland to understand what’s behind that trend. According to Grass, the process means disintegration, which usually comes with instability, unrest, more government intervention and control.

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Swift turn: German FM says Europe needs bank transactions system independent from US

The European Union should set up a system that would allow Brussels to be independent in its financial operations from Washington, according to German Foreign Minister Heiko Maas. It is indispensable that we strengthen European autonomy by creating payment channels that are independent of the United States, a European Monetary Fund and an independent SWIFT […]

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