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.

US Stocks Soar on Fed Pledge to Keep Interest Rates Near Zero

One of the many flaws of the economics discipline is its static or ahistorical character, that is, a grave absence of a historical perspective.


Financial markets are rigged by the megabanks. Powerful financial institutions including JP Morgan Chase, HSBC, Goldman Sachs, Citigroup, et al and their affiliated hedge funds have the ability of “pushing up” the stock market and then “pulling it down”.


When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives.

The TPP Economic Treaty Is the Calling Card for Death of the United States as a Sovereign Nation By Joachim Hagopian, October 07, 2015
The Trans Pacific Partnership (TPP): The Most Criminal Treaty in History By Eric Zuesse, October 07, 2015
Yes, There is an Imperialist Ruling Class By Paul Street, October 07, 2015
The United Nations Security Council:  An Organization for Injustice
The UN’s Sustainable Development Goals: Global Schizophrenia By Dr. Glen T. Martin, October 06, 2015
Russia Precipitates the Abandonment of the SWIFT International Payments System among BRICS Countries By Ariel Noyola Rodríguez, October 06, 2015
Transatlantic Trade and Investment Partnership (TTIP) Negotiations Fall Apart Following Mass Protest in the EU By Graham Vanbergen, October 06, 2015
Trans-Pacific Partnership (TPP) Deal Reached By Kurt Nimmo, October 05, 2015
US Tax Dollars and Ukraine’s Finance Minister By Robert Parry, October 05, 2015
Putin Asked Obama: “What is the Meaning of State Sovereignty?” By Timothy Alexander Guzman, October 04, 2015
Secret Trade Deals. Wikileaks, and the Redistribution of Power By Michael Welch and Binoy Kampmark, October 04, 2015
“The Physical Gold Markets In The East Will Prevail” By Lars Schall, October 03, 2015
The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis By Michael Snyder, October 03, 2015
The US Economic Crisis: Jobs Continue to Vanish While the Media Applauds “Recovery”
USA: Today’s Payroll Jobs Report By Dr. Paul Craig Roberts, October 03, 2015
As Secret Trade Talks Reveal Cracks, Demonstrators Aim Death Blows at TPP By Deirdre Fulton, October 02, 2015
Sustainable Development Goals Threatened by Secret TPP Trade Deal By Friends of the Earth International, October 02, 2015
Who Owns The Federal Reserve?
Who Owns The Federal Reserve? By Ellen Brown, September 30, 2015
China – Ghost Cities. 64 Million Empty Apartments in China By Global Research News, September 30, 2015
Orwell at the UN: Obama Re-Defines Democracy as a Country That Supports U.S. Policy By Michael Hudson, September 30, 2015
The TPP and Canada: Playing the Fool By Binoy Kampmark, September 29, 2015
The “Hard-Landing” Has Arrived: Chinese Coal Company Fires 100,000 By Tyler Durden, September 28, 2015
India and US
Pakistan Expresses Alarm over Ever-expanding US-India Strategic Partnership By Sampath Perera, September 28, 2015
The Global Economic Crisis, The Great Depression of  the XXI Century.
The Global Economic Crisis, The Great Depression of the XXI Century. By Prof Michel Chossudovsky, September 27, 2015
Jeremy Corbyn’s Economic Vision By Stephen Lendman, September 27, 2015
SYRIZA’s Pyrrhic Victory, and the Future of the Left in Greece By Richard Fidler, September 27, 2015
Reviving the Local Economy with Publicly-Owned Banks
Prescription for Prosperity: The Public Banking Remedy By Michael Welch, Ellen Brown, and Kéllia Ramares, September 27, 2015
Reversing the Tide of Water Privatization By Tom Lawson, September 27, 2015
No Brains In Washington. US-China Relations By Dr. Paul Craig Roberts, September 26, 2015
Markets Gone Mad: Shaking Off Six Years of the Fed’s Zero Rates and Liquidity Injections By Mike Whitney, September 25, 2015
The US-EU Transatlantic Free Trade Agreement (TAFTA): Big Business Corporate Power Grab By Colin Todhunter, September 24, 2015
“Neoliberal Barbarity”: There Is Nothing to Celebrate after Sunday’s Greek Elections By Theodoros Karyotis, September 24, 2015
Crise financière : Les travailleurs grecs font grève contre les mesures d’austérité
Greece and Its Creditors: A new Paradigm – Front of Resistance By Dimitris Konstantakopoulos and Peter Koenig, September 23, 2015
The European Monetary System (EMS): Let’s Develop a Plan B for Europe! By Oskar Lafontaine, September 23, 2015
The Volkswagen Emissions Scandal By Peter Schwarz, September 23, 2015
drapeau us
Debunking the Myth of American Exceptionalism By Dr. Gary G. Kohls, September 23, 2015
Time for “Quantitative Easing for People instead of Banks” (PQE): Raining Money on Main Street By Ellen Brown, September 23, 2015
US Federal Reserve Decision Not to Raise Interest Rates Fails to Calm Markets By Nick Beams, September 22, 2015
Vladimir Putin: “Russia and the Changing World” By President Vladimir Putin, September 22, 2015
Managing the Occupation: Syriza Wins Again, … on Behalf of the Banksters By Binoy Kampmark, September 22, 2015
Narendra Modi and Monsanto: Making India Friendly to Global Capital By Colin Todhunter, September 22, 2015
No to blackmail and austerity
Greece — The One Biggest Lie You Are Being Told By The Media By Global Research News, September 21, 2015
Initiatives for Transforming the Global Economy. China’s “One Belt One Road” By Chandra Muzaffar, September 21, 2015
US-China Relations: the Pentagon versus High Tech By Prof. James Petras, September 19, 2015
The Corrupt Practices of Financial Manipulation: The Meaning of the Greek Economic Crisis
“The Greek Tragedy Is A Textbook Debt Deflation” By Michael Bernegger and Lars Schall, September 19, 2015
Near Zero Percent US Federal Funds Rate Since December 2008 By Stephen Lendman, September 19, 2015
The Stock Market “Glitch”: Blackmail by Big Banking?
Insider Trading on 9/11: Speculative Trade in “Put Options”. The Financial Facts Laid Bare By Lars Schall, September 17, 2015
Rebranded Corporate-Friendly EU-US Trade Mechanism: European Commission Accused of ‘Putting Lipstick on a Pig’ By Andrea Germanos, September 17, 2015
wall street
Seven Years Since the Wall Street Crash By Nick Beams, September 15, 2015
Financial Meltdown and the Confiscation of Bank Savings: The UK-EU Bank Depositor “Bail-In” Scheme By Graham Vanbergen, September 14, 2015
Russia’s Grand Geo-Economic Strategy: Southern Shift, Beyond Eurasia By Andrew Korybko, September 13, 2015
Grèce drapeaux
Greece – The Day when Democracy Died in Europe By Peter Koenig, September 13, 2015
Where has the Bailout Money Gone? Good Billions After Bad
The September 11 Financial Heist: “Follow The 9/11 Money Trail” By James Corbett, September 12, 2015
Market Volatility. It’s All About Expectations; Why Are Stocks Going Berserk? By Mike Whitney, September 12, 2015
Chinese Premier Li Keqiang , Photo by Foreign and Commonwealth Office (OGL)
China Is Still a Driving Force for Global Economic Growth: China Premier By Zhao Cheng, September 11, 2015
China: Reformers and Compradors By Prof. James Petras, September 11, 2015
The Moral Decoding of 9-11: Beyond the U.S. Criminal State, The Grand Plan for a New World Order By Prof. John McMurtry, September 11, 2015
From G8 to G7, Revisiting The Russia – G7 Divorce: How Moscow Came Out On Top By Andrew Korybko, September 10, 2015
The Globalization of War by Michel Chossudovsky. Book Review By Catherine Austin Fitts, September 10, 2015
Summer of Summits and Russia’s Grand Geo-Economic Strategy. “All Roads Lead Through Russia” By Andrew Korybko, September 09, 2015
Unsettled Markets and “Financial Exhaustion”: What Happens when you Raise Interest Rates on a Wobbly Creditor System? By Bill Holter, September 08, 2015
The G20 Economic Summit: A Spectacle of Political Bankruptcy By Nick Beams, September 08, 2015
Syrian refugees
How Neocons Destabilized Europe. The Prescription of “Endless Regime Change” Now Spreads Chaos in Europe By Robert Parry, September 08, 2015
The G20 Summit: A Spectacle of Political Bankruptcy By Nick Beams, September 08, 2015
Housing Prices Have Fallen More than During the Great Depression
The 2015 Global Housing Market Crash. Property Prices Plummet Worldwide By Graham Vanbergen, September 08, 2015
Why Teachers Unions Matter
Work Overload: Time for a Union Strategy By Michael Hurley and Prof. Sam Gindin, September 07, 2015
The Two Faces of Capitalism and Left Options By Prof. James Petras, September 07, 2015
Photo: Russian International Affairs Council
Western Sanctions Could Lead To Russia-Japan Currency Swaps By RT, September 07, 2015
How the US and the WTO Crushed India’s Subsidies for Solar Energy By Charles Pierson, September 06, 2015
Low-Wage America. Protracted Main Street Depression. Economic Recovery is an Illusion By Stephen Lendman, September 05, 2015
The 9/11 Attacks on the World Trade Center (WTC): Unspoken Financial Bonanza
The 9/11 Attacks on the World Trade Center (WTC): Unspoken Financial Bonanza By Prof Michel Chossudovsky, September 04, 2015
Whither The Economy? By Dr. Paul Craig Roberts, September 04, 2015
Jeremy Corbyn’s “Quantitative Easing for People”: The UK Labour Frontrunner’s Controversial Proposal By Ellen Brown, September 04, 2015
Has China ALREADY Surpassed the U.S. as the World’s Largest Economy?
Asia: Choosing Between East and West By Tony Cartalucci, September 04, 2015
Dollar As World’s Reserve Currency Threatened By Stephen Lendman, September 03, 2015
Britain’s Neo-Liberal Elite: Jeremy Corbyn and Challenges to Political Power By Jonathan Cook, September 02, 2015
Russia’s Putin Drafts Bill to Dump Dollar, Euro from CIS Trade By Press TV, September 02, 2015
More Signs of Global Downturn Send Stocks Plunging Again By Andre Damon, September 02, 2015
Return to Crisis: Things Keep Getting Worse By Mike Whitney, September 02, 2015
Whitewashing the IMF’s Destructive Role in Greece By Michael Hudson, September 02, 2015
Michigan Struggles Link Rising Racism to the Economic Crisis By Abayomi Azikiwe, September 01, 2015
Western Sanctions on Russia, Russia-China Cooperation: A Tectonic Shift of the Global Economy? By Peter Koenig and The Saker, September 01, 2015