Global Economy


The BRICS Development Bank (NDB) & its Contingency Reserve Arrangement (CRA) are dollar denominated entities. Unless they are coupled with a multi-currency system of trade & credit, they do not threaten dollar hegemony.


The Eurasian Economic Union is a reality that may end up costing the US its “perch” in Eurasia’s western periphery as a Common Economic Space is formed. The “Middle Space” is clearly resurgent. Moscow is a major political, socioeconomic and cultural force in European affairs

arsenyiy obama

In practice, the IMF does not wield “sound economic governance” nor does it protect the vulnerable. It impoverishes entire populations, while providing “prosperity” to a small corrupt and subservient political and economic elite.


The credit card business is the banking industry’s biggest cash cow, largely due to lucrative hidden fees. Visa and MasterCard are independent entities set up by big Wall Street banks, which get about 80% of the fees.

BRICS Trample US in South America By Pepe Escobar, May 23, 2015
Economic Crisis in Iran: The Impacts of Sanctions and the Uncertain Outcome of Nuclear Talks By Prof. Ismael Hossein-Zadeh, May 23, 2015
The Globalists’ New World Order: Soft and Hard Kill Methods. An Unknown and Uncertain Future By Joachim Hagopian, May 23, 2015
Someone Finally Read Obama’s Secret Trade Deal And Admits The TPP “Will Damage This Nation” By Tyler Durden, May 23, 2015
US Constitution
TTP, TTIP, TISA “Trade” Deals: “Fast Track” Violates the U.S. Constitution By Eric Zuesse, May 23, 2015
Heading Towards “Financial Maidan” in Ukraine? Inflation, Rampant Unemployment, Human Misery By Stephen Lendman, May 22, 2015
New Zealand: Workers Rights in the Fast Food Industry By Socialist Project, May 22, 2015
Why the $5.7 Billion Dollar Fine on Big Banks for Manipulating Global Currency and Interest Rates Is a Joke By Carey Wedler, May 22, 2015
How the Media Deceive the Public about “Fast Track” and the “Trade Bills” (TTP and TTIP) By Eric Zuesse, May 22, 2015
Hope – Versus Neoliberalism – an Ode to Solidarity By Peter Koenig, May 22, 2015
Maquiladora Industry Wages in Central America Are Not Living Wages By Mateo Crossa, May 22, 2015
JPMorgan’s Jamie Dimon Deals With His Bank’s Felony Charge – Badly By Pam Martens and Russ Martens, May 21, 2015
Failing to Break Up the Big Banks is Destroying America
Big Banks Busted Massively Manipulating Foreign Exchange … And Every Other Market By Washington's Blog, May 21, 2015
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Russia Wins: Military, Economic and Political Alliance with China Will Fundamentally Alter the World By Margaret Kimberley, May 21, 2015
Ukraine Debt Default. Kiev Reneges On Its Debt Obligations. Ukraine Parliament’s “Debt Moratorium Authorization” By Stephen Lendman, May 21, 2015
The Complete History of Monsanto, “The World’s Most Evil Corporation” By E Hanzai, May 20, 2015
US Threats against China: “Play with Fire” By Eric Sommer, May 20, 2015
The Trans-Pacific Partnership: A Deeply Flawed Partnership By Mel Gurtov, May 20, 2015
Job Crisis Denial: The Rising Tide of Unemployment in America
Only One in Four Workers Worldwide Has a Stable Job By Andre Damon, May 20, 2015
Wall Street’s Fatal Flaw: Confusing “Disruptors” with “Corruptors” By Pam Martens, May 20, 2015
Derailing Amtrak: Tracking the Latest Train Disaster in the U.S. Debt Driven Infrastructure Crisis By Ellen Brown, May 19, 2015
Are They About To Confiscate Money From Bank Accounts In Greece Just Like They Did In Cyprus? By Michael Snyder, May 19, 2015
Neoliberal Globalization: Is There an Alternative to Plundering the Earth?
Neoliberal Globalization: Is There an Alternative to Plundering the Earth? By Prof. Claudia von Werlhof, May 18, 2015
America's Fiscal Collapse.
Rigged Financial Markets. What Happens When the Credit Markets Break? “All Hell Breaks Loose” By Bill Holter, May 18, 2015
Over Reach of the Financial-Military Complex and the New Multi-Polar World Order By Jim Miles, May 17, 2015
India’s Coal Industry: The Single Biggest Source of Energy By Global Research News, May 17, 2015
Senate Passes Obama’s TPP Fast-Track Trade Proposal By Tyler Durden, May 16, 2015
‘Trade’ Treaties — TPP, TTIP, and TISA: Here’s How U.S. Senators Voted, in the Key Senate Vote to End American Democracy By Eric Zuesse, May 15, 2015
Five Major Banks to Plead Guilty to Rigging Currency Markets By Andre Damon, May 15, 2015
TPP and TTIP “Free Market” “Trade” Deals Approved by US Senate: How America’s “News” Media Killed America’s Democracy: By Eric Zuesse, May 15, 2015
Who Owns Agricultural Land in Ukraine? By Elizabeth Fraser, May 14, 2015
Unstable Markets and the Great Silver Debate. The Role of JP Morgan By Bill Holter, May 14, 2015
Israel: Geographically, Politically, Economically, Militarily and Ethnically Distinct From Europe By Anthony Bellchambers, May 14, 2015
How Banks Did More Damage to Baltimore than Rioters By Emily Foster, May 14, 2015
“American Dream”, Middle Class? What Middle Class? By Jack A. Smith, May 14, 2015
Operation Gladio: The Untold Story of the Unholy Alliance Between the Vatican, the CIA, and the Mafia By Global Research News, May 13, 2015
The New Deal and the Great Society: Building on the foundation that Roosevelt and Johnson laid down
Roosevelt’s World War II Lend-Lease Act: America’s War Economy, US “Military Aid” to the Soviet Union By Evgeniy Spitsyn, May 13, 2015
White House Authorizes Shell to Resume Drilling in the Arctic By Thomas Gaist, May 13, 2015
Does Wall Street Call the Shots at the FBI? By Pam Martens and Russ Martens, May 13, 2015
The Budget Crisis, Treasury Bonds and the US Dollar: Breakdown of the Global Economic, Financial and Monetary System
Credit Markets have Melted Overnight. Derivatives are a $1 Quadrillion “Ticking Time Bomb” By Bill Holter, May 13, 2015
Kiev Demands Russia Pay $350 Billion for Destruction Its Own Aggression Caused in Donbass By Stephen Lendman, May 13, 2015
TPP Vote in the Senate: Big Defeat For Obama’s Fascist “Trade” Deal By Washington's Blog, May 13, 2015
Stopping the Trans-Pacific Partnership is a “Black Issue” By Ajamu Baraka, May 13, 2015
Israel spends 200 times more per capita on Military than Iran
Israel: A Dangerous Place to Live but Good for Short-Term Profits in US$ By Anthony Bellchambers, May 12, 2015
Russia Invites Greece to Join BRICS Bank By RT, May 12, 2015
Senator Shelby’s Federal Reserve Reform Bill Is Just Moving Deck Chairs on the Titanic By Pam Martens and Russ Martens, May 12, 2015
Deutsche Bank Pays $2.5 Billion Fine for Interest Rate Rigging By Pratap Chatterjee, May 12, 2015
War Threat Rises As US Economy Declines By Dr. Paul Craig Roberts, May 11, 2015
Expropriation of Rural Communities in Mozambique. International Agribusiness and the Struggle for Control of Land and Water By Grain, May 11, 2015
Credit Rating Company Moody’s Changes Monsanto’s Investor Rating to “Negative” By Christina Sarich, May 11, 2015
From Energy War to Currency War: America’s Attack on the Russian Ruble By Mahdi Darius Nazemroaya, May 10, 2015
US Tells Greece To Reject Moscow’s Pipeline Proposal Marking Return To Cold War Politics By Tyler Durden, May 10, 2015
Trade Wars: Monsanto’s Return to Vietnam By Desiree Hellegers, May 10, 2015
Economic Disinformation Keeps Financial Markets Up By Dr. Paul Craig Roberts, May 09, 2015
America's Great Divide Between Rich and Poor
World’s Richest Eighty People Own the same Amount as World’s Bottom Fifty Percent By Eric Zuesse, May 09, 2015
The Rich Get Richer: Titanic Stock Bubble Fueled by Buyback Blitz By Mike Whitney, May 08, 2015
Bond Market Sell-off Signals Mounting Financial Crisis By Nick Beams, May 08, 2015
Greece Debt Default: How Long Will it Take? By Bill Holter, May 07, 2015
“TPP Will Be Great,” Say People Who Crashed Global Economy in 2008 By Jon Queally, May 07, 2015
TPP, TTIP and TISA: How the Media Misrepresent Obama’s “Fast Track” “Secret” International Trade Deals By Eric Zuesse, May 07, 2015
Should Greece Pay Back Its Debt? By CADTM, May 07, 2015
Haiti Reconstruction: World’s Largest Aid Contractor Chemonics’ Misleading Response to Report “The Haitian Money Pit” By Jake Johnston, May 07, 2015
Senator Elizabeth Warren Steps Into the F.I.R.E. of Wall Street Corruption By Pam Martens and Russ Martens, May 06, 2015
World Social Inequality more Pronounced than Ever
Massive Payout for US Hedge Fund Chiefs in 2014 By Andre Damon, May 06, 2015
The TTP and TTIP Trade Agreements: “A Dystopian Future in which Corporations Rather Than Elected Governments Call the Shots” By Eric Zuesse, May 06, 2015
Ukraine: Donetsk Republic Nationalizes Banks, Draws Ire Of NATO and World Banking Cartel By Brandon Turbeville, May 06, 2015
Challenging India’s Neoliberal Agenda: Greenpeace India Faces Imminent Shutdown By Colin Todhunter, May 05, 2015
A 57 Billion Dollar Surplus for Canada’s Budget: The Government’s Massive Grab of Workers’ Money By Gib McInnis, May 05, 2015
Council on Foreign Relations’ Grand Strategy: China Must Be Defeated, The TPP Is Essential to Undermining China By Eric Zuesse, May 05, 2015
Is the Washington Post arguing it will be easier to make a rule against currency manipulation after China joins the TPP as opposed to before?
Orwellian Global Economy? “Backwardation”, Negative Interest Rates and the Gold Market By Bill Holter, May 05, 2015
Why the Powers That Be Are Pushing a Cashless Society By Washington's Blog, May 04, 2015
Big Banks Profit While Main Street Suffers By Antonius Aquinas, May 04, 2015
Techno-Financial Capital and Genocide of the Poorest of the Poor By Prof. James Petras, May 02, 2015
What’s Really Behind the Flash Crash Trader Prosecution? What He Did Happens Every Day on Wall Street By Pam Martens and Russ Martens, May 01, 2015
The American Economy is "Dead": The Illusion of Economic Recovery
Obama’s “No Growth, No Jobs, No Recovery” Economy Gives Up The Ghost By Mike Whitney, May 01, 2015
Trojan Horse Highlights Opposition To Fast Track Of TPP Secret Deal By Kevin Zeese and Margaret Flowers, May 01, 2015
The Flight into Gold and Silver
Gold, Silver and “Crashing Markets”. It’s Ugly if You Look Under the Hood By Bill Holter, May 01, 2015
US Shale Oil and Gas Industry is a Ponzi Scheme Facing Collapse By Dylan Murphy, April 30, 2015
The Dwindling US Economy By Dr. Paul Craig Roberts, April 30, 2015
Gold and Silver Markets: Why No “Upside Cartel” against COMEX and LBMA? To Blow the Credibility of the Western Ponzi Scheme? By Bill Holter, April 30, 2015