Bitcoin miners are using as much energy as Ireland – study

The process of mining new bitcoin is now so intensive that computers carrying out the process are using nearly as much electricity as the entire country of Ireland. A new study by economist Alex de Vries estimates that bitcoin mining consumes at least 2.55 gigawatts of electricity and, by the end of

A bridge too far: Washington Examiner calls for Russian infrastructure to be bombed

Just imagine if a Russian newspaper urged the Canadian Air Force to launch strikes on Brooklyn Bridge. There’d be outrage, and rightly so. But where’s the Western condemnation of the Washington Examiner for publishing an article calling for the bombing of the new Crimean Bridge, which opened this week? It’s

Vatican warns of financial ‘ticking time bomb’ ready to explode

The Vatican has called for more regulation of markets and financial systems, saying economic crises showed they were not able to govern themselves and needed a strong injection of morality and ethics. In a major document, written by two key Holy See departments, the Vatican said profit for the sake

Europe & Iran now have the perfect excuse to drop the US dollar – Max Keiser

The re-imposition of US sanctions on Iran and Washington’s threat to punish European companies for doing business there provides a good opportunity for ditching the dollar, according to Keiser Report host, Max Keiser. “The US uses the dollar as a weapon to promote US dollar hegemony and the US Empire.

‘Are we America’s vassals?’ France vows to trade with Iran in defiance of US ‘economic policeman’

On the heels of Trump’s withdrawal from the Iran deal, France’s economy minister has urged Europe to stop acting like “US vassals” and continue trading with Tehran in defiance of what “the global economic policeman” has in store. “Do we want to be vassals who obey decisions taken by the

Elections in Azerbaijan

Welcoming land of quince and feijoa. Caspian Sea rich in oil and sturgeon. The ever hospitable capital of Baku ready to embrace every new visitor, whether from afar or from nearby lands. To Europeans, even well-travelled ones, Azerbaijan presents a geographic and cultural riddle. Turkic in origin, but independent and

India to strip fugitive ‘economic offenders’ of assets

Indian lawmakers have approved the Finance Ministry’s proposal to punish offenders involved in economic crime and fraud of over $15mn, by stripping them of domestic assets, to deter them from fleeing abroad to escape prosecution. On Saturday, the Union Cabinet, led by Prime Minister Narendra Modi, approved the Fugitive Economic

Petro-yuan to launch renminbi as global currency & kneecap petro-dollar

Yuan-backed oil futures can shatter the US dollar dominance on the crude market, according to experts polled by RT. However, the greenback will not give up the top spot easily. “The question number one is whether China will be able to make the oil market its demand market, and not

China to make it rain over area 3 times the size of Spain

Since 2013 China has been creating 55 billion tons of artificial rain a year. The country is now embarking on its biggest rainmaking project ever. In terms of the plan, announced this month, Chinese authorities intend to force rainfall and snow over 1.6 million sq km (620,000 sq miles), an

Coming financial crisis will be much worse than Great Depression – investor Peter Schiff

The Great Depression will pale in comparison to the next financial crisis which could soon be coming, according to investor Peter Schiff, famous for his doomsday predictions. “The bad news is, we are going to live through another Great Depression and it’s going to be very different. This will be