The US stock market sustained yet another day of massive losses on Thursday following Wednesday's sell-off of tech stocks. The Dow Jones Industrial Average suffered a loss of 548 points Thursday after watching 830 points evaporate on Wednesday, sending the two-day decline well over 1,000 points. The Dow has now lost 5.3 percent of its value over the past two days, the most significant dip in [...]

The sell-off wave that has hit US equities this week is also affecting the world’s other economies, veteran trader Jim Rogers has told RT. The investor is predicting a ‘very bad’ bear market ahead. America is [the] largest debtor nation in the history of the world and the largest economy in the world. [...]

The Russian Ministry of Finance said on Monday it may shift to the use of local currencies with European trade partners. The move will be part of the so-called de-dollarization of the Russian economy. As we can see the main opportunity which can be realized in the short and medium term is the transition to settlements in national currencies with our European counterparts, including settlements inv [...]

Washington’s sanctions against Tehran would fundamentally change other countries’ economic cooperation with the Islamic Republic, the Financial Times has written. EU finance ministers will try to persuade the US administration not to disconnect Iran from the international payment system SWIFT, the newspaper reported on Tuesday. [...]

The recent jump in Treasury bond yields indicates that the US is barreling towards a potential recession and market meltdown at an increasingly fast pace, according to former Republican congressman Ron Paul. [...]

This week, Russian President Vladimir Putin called Washington's sanctions policy a "colossal strategic mistake" which has only served to undermine the dollar's credibility as a global reserve currency. India's Central Bank and Ministry of Finance have been tasked with exploring the feasibility of rupee and barter-based trade agreements with crude oil producing nations such as Russia, Iran and [...]

The internationally acknowledged banking center has joined the voices from across Europe about creating an independent analog for the Society for Worldwide Interbank Financial Telecommunication (SWIFT) amid US anti-Iran sanctions. Russia, which has already created its own system, voiced readiness to cooperate within a “euro-SWIFT” system. [...]

ANKARA (Sputnik) - Turkey does not intend to borrow loans from the International Monetary Fund (IMF) anymore, Turkish President Recep Tayyip Erdogan announced on Sunday. "We have closed the chapter of the IMF credits in order not to open it anymore," Turkish President Recep Tayyip Erdogan said on Sunday addressing the activists of Turkey's ruling Justice and Development Party in the town of Kizilc [...]

The Russian Finance Ministry has announced a plan to wean the country of dollar dependence. It is expected to be a long and painful process. RT has asked analysts to explain how this could be done. According to the plan published this week, Russia seeks to de-dollarize the economy by 2024 [...]

US Initial Jobless Claims have hit their lowest level since 1969, with consumer confidence reaching its highest in decades. Things are looking pretty good until you start discussing averages, says Mish Shedlock of MishTalk.com. [...]

WASHINGTON (Sputnik) - The Securities and Exchanges Commission (SEC) has filed charges against an Austria-based securities dealer and CEO for allegedly violating US laws linked to security-based swaps funded with bitcoins, the agency said in a press release. [...]

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 government’s budgets basically classified national security status. [...]

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. [...]

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. [...]

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 visit to Sarajevo, Bosnia and Herzegovina. [...]

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. [...]

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. [...]

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 six month low of $1.171 trillion in July, from $1.178 trillion in [...]

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 plunge against reserve currencies amid a new US sanctions threat. [...]

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. [...]

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 was triggered by the bankruptcy of Wall Street t [...]

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. [...]