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08.09.2009, 22:22 4 comments

UN dollar to replace US dollar?

A new report from the United Nations recommends the role of the dollar as a reserve currency should be reduced. Instead, it proposes a new supranational currency.

07.09.2009, 22:39

Gold retains investor shine on road to $1000/oz

Fearing a correction in the markets and the ever widening U.S. budget deficit, investors are driving the price of gold back towards the $1000/oz mark.

12.08.2009, 05:57 4 comments

Second try to bring the U.S. dying economy to life

Washington says it's preparing a second stimulus package by the end of the year, after White House claims that the U.S. economy is showing signs of improvement. But analyst Gerald Celente is skeptical about the move.

06.08.2009, 22:26 9 comments

“Federal Reserve doesn’t know where $1.5 trillion went” - analyst

The US media’s attempts to use the Freedom of Information Act to find out which banks received financial bailouts were blocked, said legal analyst Nicole Kardell, and the Federal Reserve doesn’t know the answer itself.

09.10.2010, 01:25 2 comments

World economy breaking-up with US

As the US economy teeters on the edge of decline and a possible double dip recession, emerging economies continue to grow at a quick click.

RIA Novosti / Sergey Venyavskiy, STR 19.08.2010, 10:54

Sberbank on track

Russia`s biggest lender, Sberbank says it is happy with its performance over the first half of the year and confirms it is on course to achieve its full year targets.

26.08.2010, 03:24 9 comments

US economy enters double dip recession

Millions of Americans remain unemployed, US bankruptcies have reached a five year high, China slashed US bond holdings by the largest amount to date and US home sales have plummeted to the lowest level on record.

16.03.2010, 15:12 10 comments

“The Euro will collapse either totally or in part” – MEP

EU finance Ministers have assessed the financial lifeline for debt-stricken Greece. Any concrete decisions on the issue will be made by the European Commission, should Greece decide to formally request economic aid.

18.05.2010, 18:50 5 comments

Basis of Eurozone was fragile – European MP

The Eurozone is facing its biggest challenge to date as the currency crumbles under the weight of Greece's fiscal crisis.

AFP Photo / Joel Saget 19.05.2010, 20:17 5 comments

Euro slump due to planned Wall Street and Washington’s attack - William Engdahl

Germany's Chancellor Merkel says the Euro currency is at risk and that Europe faces its greatest challenge since the EU was formed.

“The wealthiest in America start to move their money out of the US”

Published: 09 September, 2009, 12:02


The U.S. dollar-based post WWII phantasmagorical world of never having to pay your debts is coming to a close, states financial journalist Max Kaizer to RT.

 
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