Global Economy


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.


“Hitting depositors” could become the “new normal” of this diabolical project, serving the interests of the global financial conglomerates. There are provisions in the US, Canada and the EU pertaining to the outright confiscation of bank deposits.


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

Just Listen to What Western Officials Are Saying About Russia By Conn Hallinan, August 02, 2015
TPP Ministerial Deadlock.”Good News for People on the Planet”. Worldwide Opposition to Trade Deal By Stephen Lendman, August 02, 2015
The EU’s Greek Austerity Plan Rejected By The IMF By Dr. Paul Craig Roberts, August 01, 2015
The TPP Trade Agreement, Sovereignty, and Secrecy. Economic Dislocation, Environmental Degradation By Binoy Kampmark, July 31, 2015
For the New York Times, US Labor Abuses Abroad Are a Thing of Decades Past By Dean Baker, July 31, 2015
puerto rico
Puerto Rico in the Hurricane of America’s Economic Crisis By Ariel Noyola Rodríguez, July 31, 2015
The New Silk Road, A Chinese-style “New Deal”. The Economic and Geopolitical Consequences By Global Europe Anticipation Bulletin (GEAB), July 31, 2015
Yanis Varoufakis feels "on top of the world" now his part in the crisis talks is over. Photo: Getty
The Greek Coup: Liquidity as a Weapon of Coercion By Ellen Brown, July 31, 2015
A Single Currency Challenges National Sovereignty. The Defeat of Europe By Yanis Varoufakis, July 30, 2015
Both Indian and Now British Farmers Commit Suicide: Bankruptcy Triggered by Prices of Seeds, Pesticides. By Political Concern, July 30, 2015
Neoliberal Ebola: The Agroeconomic Origins of the Ebola Outbreak By Rob Wallace, July 30, 2015
Wall Street and Military Intervention: Citigroup’s Imperial History in Haiti By Peter James Hudson, July 29, 2015
Wireless Carjacking: The Chrysler Recall By Binoy Kampmark, July 29, 2015
Yes, Trade Deals Really Do Overturn Democracy By David Morris, July 29, 2015
100th Anniversary of the US Occupation of Haiti. “City Bank along with French and German bankers, destabilized Haiti” By Ezili Dantò, July 29, 2015
The World Order and Revolution By Robert J. Burrowes, July 29, 2015
Making Sense of the Iran Nuclear Deal: Geopolitical Implications By Prof. Ismael Hossein-Zadeh, July 29, 2015
european union
Global Financial Instability: Why Is The EU Forcing European Nations To Adopt ‘Bail-In’ Legislation By The End Of The Summer? By Michael Snyder, July 29, 2015
Greece and the European Union: First as Tragedy, Second as Farce, Thirdly as Vassal State By Prof. James Petras, July 28, 2015
Conflicts Erupt Over Syriza’s Contingency Planning for Greek Euro Exit By Robert Stevens, July 28, 2015
Chinese Stock Market Suffers Biggest One-day Sell-off Since 2007 By Andre Damon, July 28, 2015
Joseph Stiglitz
Greece: The “Third Memorandum” will Result in a Further Process of Economic and Financial Devastation By Stephen Lendman, July 28, 2015
Economic Warfare: Troika “Bandits” Want More from Greece By Stephen Lendman, July 28, 2015
Chinese Stocks Crash Overnight; Will We See Another “Glitch” in New York By Pam Martens and Russ Martens, July 28, 2015
Long War Cover
The Globalization of War. America’s “Long War” against Humanity By Prof Michel Chossudovsky, July 28, 2015
The Flight into Gold and Silver
Supply and Demand in the Gold and Silver Futures Markets By Dr. Paul Craig Roberts and Dave Kranzler, July 27, 2015
German Economics Minister Rushes to Exploit Business Opportunities in Iran By Johannes Stern, July 27, 2015
After Shocking Failures, F-35 Could be Long Gone by New Defense Chief By Sputnik, July 27, 2015
Tsipras accord
Tsipras and Varoufakis Approve of Home Evictions and Expropriation of Depositors By Ernst Wolff, July 27, 2015
Greek Austerity and Its Resemblance to African Debt Peonage By Nizar Visram, July 26, 2015
Greece: Varoufakis Claims He Had Approval To Plan A “Parallel Banking System” By Xenia Kounalaki, July 26, 2015
“Free Market Manipulation” and the Escalation of Greece’s Public Debt By Bruno Adrie, July 26, 2015
Iran: War or Privatization: All Out War or "Economic Conquest"?
Iran: War or Privatization: All Out War or “Economic Conquest”? By Prof Michel Chossudovsky, July 26, 2015
The Iran Deal Reality By Margaret Kimberley, July 25, 2015
Italian comedian-turned-political activist Beppe Grillo By Deirdre Fulton, July 25, 2015
Obama Begins East Africa Tour with Economic and Military Talks in Nairobi By Thomas Gaist, July 25, 2015
Imperialism: Bankers, Drug Wars and Genocide
Imperialism: Bankers, Drug Wars and Genocide. Mexico’s Descent into Inferno By Prof. James Petras, July 25, 2015
puerto rico
Puerto Rico’s Debt Crisis By Stephen Lendman, July 25, 2015
Coalition And USAID Progress Report
China’s NGO Law: Countering Western Soft Power and Subversion By Eric Draitser, July 25, 2015
Iran’s Neoliberal Outlook: Why President Rouhani’s “Economic Package” is Empty By Prof. Ismael Hossein-Zadeh, July 25, 2015
Greece – Rescue without Debt By Peter Koenig, July 25, 2015
China’s Record Dumping Of US Treasuries Leaves Goldman Speechless By Tyler Durden, July 24, 2015
VIDEO: Did Germany Approve Bailout to Force Greece Out of Eurozone?
The Eurozone’s German Problem By Philippe Legrain, July 24, 2015
Israeli Bank Shares Fall After EU Sanctions Threats By Middle East Monitor, July 24, 2015
TTIP: A Corporate Lobbying Paradise – Which Businesses Are Pushing Most for EU-US Trade Deal? By Corporate Europe Obsevatory, July 24, 2015
Ukrainian News Service Says Standard of Living Is Plummeting By Eric Zuesse, July 23, 2015
US Targets Venezuela Using Border Dispute as Pretext By Eric Draitser, July 23, 2015
Anti-Climax in Greece: Epitaph for a Failed State By Stephen Lendman, July 23, 2015
At Wall Street Journal, Government-Enforced Monopolies = ‘Free Market’ By Dean Baker, July 23, 2015
VIDEO: Global Financial Metdown and Massive Debt Default:. Argentina Versus Greece
Multinational Vultures Cluster Round Greece: Airports, Ports, Tourist Resorts, Energy Assets and Utilities By Global Research News, July 22, 2015
Greece: Out of the Mouth of “Foreign Affairs” Comes the Truth By Bruno Adrie, July 22, 2015
Two Lessons From Syriza’s Two (Biggest) Mistakes By John Halle, July 22, 2015
A Fury Rising as Greek Parliament Votes to Accept Eurozone Agreement By Dimitri Lascaras, July 22, 2015
US Firms Claim Compensation for Nationalized Property in Cuba By Alexander Mosesov, July 22, 2015
“Buying Countries”, No Capital Controls for Oligarchs: Billionaire Warren Buffett Buys Greek Island By Michael Krieger, July 22, 2015
VIDEO: Big Fat Greek Debt: The Bailout
Europe’s Vindictive Privatization Plan for Greece By Yanis Varoufakis, July 22, 2015
Grexit: Lapavitsas Calls for Exit as the Only Strategy – “Syriza Signed Up Greece to a Neocolonial Agreement” By Costas Lapavitsas, July 22, 2015
Greece and Dr. Schäuble’s Plan for Europe: Do Europeans Approve? By Yanis Varoufakis, July 22, 2015
Regime Change at the IMF: The Frame-Up of Dominique Strauss-Kahn?
Former IMF Chief Dominique Strauss-Kahn Blasts Greek Bailout Deal By Stephen Lendman, July 22, 2015
BRICS Bank Opens for Business By Stephen Lendman, July 22, 2015
The Firesale Begins: Tsipras Agrees To Sell Greek Assets By Joshua Krause, July 21, 2015
Obama menacé
Perhaps This Is Obama’s Grand Strategy By Eric Zuesse, July 21, 2015
Greece’s Parliament Cannot Override the NO Vote. The Agreement with the Creditors is Illegal By Prof Michel Chossudovsky, July 21, 2015
Greek Banks Reopen: Bailout Uncertainties By Stephen Lendman, July 20, 2015
Governments Worldwide Will Crash the First Week of October … According to Two Financial Forecasters By Washington's Blog, July 20, 2015
Corporate Cash Floods US Congressional Elections
The US Presidency for Sale: The Role of Big Money in the Presidential Campaign By Patrick Martin, July 20, 2015
Chinese State Banks Commit $200 Billion to Stem Market Selloff By Nick Beams, July 20, 2015
Grèce arbre
What Next in the Greek Crisis? By Barry Finger, July 20, 2015
The President Of France Wants Eurozone Members To Transfer Their Sovereignty To A United States Of Europe By Michael Snyder, July 20, 2015
"Nuclear Diplomacy": Brazil and Iran.  Our Motives and the Bullying Trio
Nuclear Agreement – An Historic Moment for Iran By Sara Flounders, July 20, 2015
John Kerry Vienna 2014
Sanctions Were Going to Collapse: The US Was Forced to Negotiate with Iran Because of Changing Global Circumstances By Mahdi Darius Nazemroaya, July 20, 2015
Clinton Challenged to Break Up—and Break Up With—Wall Street Banks By Lauren McCauley, July 19, 2015
Scottish National Party’s Anti-austerity Hypocrisy Exposed By Stephen Alexander, July 19, 2015
The ECB Destabilized the Greek Economy to Subject Greece to Creditors’ Demands By Eric Toussaint and Rosa Moussaoui, July 19, 2015
Crise financière en Grèce : Faut-il sauver le soldat grec et risquer de perdre l’euro ?
Greek Parliament Passes Debt Agreement: Omitted Euro – Sovereignty Dimensions By Dr. Christof Lehmann, July 18, 2015
Divisions Between the US and Europe Widen Over Greek Financial Bailout
Greece: Approving Its Own Economic Death Sentence By Stephen Lendman, July 18, 2015
Oil Geopolitics: Germany Might Be Trying To Steal SOCAR’s Main Asset In Greece By Andrew Korybko, July 18, 2015
Dette grecque
Greece – Opening the Floodgates for the Financial Vultures By Peter Koenig, July 18, 2015
Greece’s Lesson For Russia By Dr. Paul Craig Roberts, July 18, 2015
Greek Lessons: Democracy versus Debt-Bondage
Agency to Enslave Greeks Is Established By Eric Zuesse, July 18, 2015