Finance

IMF warns of new ‘Great Depression’, Russia ahead of the curve due to increased cash & gold reserves

Last week, the IMF issued a stark warning about the global economy. While most large Western states are vulnerable to a new crisis, Russia has prepared its defenses. Kristalina Georgieva isn’t any sort of conspiracy theorist; she’s the head of the International Monetary Fund. And when she warns that the global economy risks another “Great […]

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IMF Chief Warns Global Economy May Well Slide Into Another Great Depression

The international financial watchdog earlier estimated the recent trade rows had already cost the world economy about $700 billion or an 0.8 percent slump in global GDP, outlining the data in a soon-to-be-published annual report by the IMF.

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‘We are going to have a horrible time,’ Jim Rogers tells Boom Bust as global debt skyrockets

Central banks around the world will continue printing money as long as it’s necessary, says legendary investor Jim Rogers, calling it “madness.” He talks to RT’s Boom Bust about the state of the global economy and what could be over the horizon. Never before in world history have interest rates been so low, Rogers says. […]

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Central banks in most countries are “magic money machines for politicians” 🎞️

Argentine President Alberto Fernandez said last month that he may not seek an $11 billion loan from the IMF, promising instead to “try to revive the economy.” RT’s Keiser Report talks to Nick Giambruno of CaseyResearch.com about the relative calm in Buenos Aires among the populace, despite the ongoing currency and debt crises.

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Pakistan looks to buy Russian made SSJ-100 passenger airliners

The national carrier of Pakistan may purchase Sukhoi Superjet 100 (SSJ-100) planes, according to Russian Industry and Trade Minister Denis Manturov, who is currently in Islamabad on an official visit. “We interact directly with Pakistan Air. We have agreed that in January we will continue working on it, taking into account the fact that we […]

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Russia & Qatar to deepen cooperation in a bid to boost investment and trade

Russia’s Roscongress Foundation and the Qatar Investment Promotion Agency have inked a document during the Doha Forum that sets up a joint working group for coordination of investment activities and business projects. The agreement was signed on Sunday, when a Russian delegation held a panel session titled ‘Developing the High-Tech Sector in Russia: Prospects for […]

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No doubt America’s debt will soon hit $60 TRILLION 🎞️

The growing rivalry between the world’s two largest economies, the US and China, is at risk of becoming a ‘financial war,’ a former Chinese finance minister says. RT’s Keiser Report discusses the possibility of a trade war turning into financial one, with Stacy Herbert saying that America is an empire of debt, ran by derivatives. […]

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US Democrats to Impeach Trump on Abuse of Power, Obstruction of Congress Probe – Nadler

US House Democrats have repeatedly accused Donald Trump of trying to obstruct their impeachment probe by ordering officials not to cooperate. Trump, in turn, slammed the investigation as a biased “witch hunt” and as an illegal blow against him ahead of the election. Democrats running the impeachment probe into US President Donald Trump have revealed […]

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Sanctions? Russia has the best-peforming stock market in the world

The Russian stock market has delivered the biggest returns to investors around the world this year. Global rate cuts and increased dividend payouts have been driving investor interest in Russia. The MSCI Russia Index which tracks the 23 largest Russian publicly-listed companies has surged 44 percent since the start of the year, according to Sberbank […]

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‘USA ROCKS! Enjoy!’ National debt surpasses terrifying $23 TRILLION as Trump praises ‘greater than expected’ jobs & stock surge

President Trump has applauded the latest jobs report and its positive effect on stock markets as critics unleashed on him for his failed promise to tame the US government spending spree that pushed the national debt over $23tn.

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An Idiot’s Guide to the Federal Reserve SCAM

What Is The Federal Reserve? The Federal Reserve, or Fed, is a privately owned central bank that controls the money supply of the United States. All the dollars we have in existence today were created by the Federal Reserve. In fact, if you look at any piece of currency you will see that it says […]

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A ‘growing club’ of ‘very powerful countries’ is shifting away from the US dollar – think tank

The US dollar’s status as the world’s major reserve currency, which it held for decades, could come under threat, according to Anne Korin from the Institute for the Analysis of Global Security. “Major movers” such as Russia, China, and the European Union have a strong “motivation to de-dollarize,” Korin, the co-director at the energy and […]

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Half the world’s banks are too weak to survive downturn $

A new survey from consultancy McKinsey & Co has found that a majority of banks globally may not be economically viable because their returns on equity aren’t keeping pace with costs. The study looked at 1,000 banks in developed and emerging countries and found that just over a third had made a return on capital […]

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Russia mulls using yuan & euro instead of US dollar for external loans in 2020

Further turning away from the greenback, Russia is eyeing the yuan and the euro as currencies for Eurobonds next year, Russian Finance Minister Anton Siluanov has said on the sidelines of an IMF and World Bank meeting. Answering journalists’ questions about the impact of US sanctions on the Russian sovereign debt market, Siluanov said that […]

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Last week’s repo meltdown points to 2008 financial crisis & may lead to new bank crashes – Keiser Report

Forecasting the imminent demise of European banks, an expert talks RT’s Keiser Report through last week’s repo market meltdown and what it may indicate. “The treasuries that settled last week didn’t go well on the funding market – the Fed had to step in and do a $75 billion repo facility on an overnight basis […]

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