Global Economy

This all began with the subprime financial crisis in summer of 2007, when some US mega-banks were teetering on the edge of bankruptcy. Indeed, they had created a new type of financial products, the so-called mortgage-and debt-backed securities (MBS) and other asset-backed paper (ABCP), which were bundles of risky debt and were sold as new esoteric securities.
The surprise collapse of a small Inner-Mongolia Chinese bank, Baoshang, has suddenly focused attention on the fragility of the world’s largest and largely opaque banking system. The timing is very bad, as China struggles with a sharp domestic economic slowdown.
For Washington, the U.S. dollar is leverage, a financial weapon to dominate the world economy, to impose its foreign policy agendas and to secure a steady flow of natural resources over sovereign countries who use the currency.
Today by far the deadliest weapon in the US arsenal is the ability of Washington to control the global supply of money, of dollars, through actions of the privately-owned Federal Reserve in coordination with the US Treasury and select Wall Street financial groups. The US is weaponizing the dollar.
Trump’s Anti-Iran Warrant By Stephen Lendman, August 19, 2019
All Along the Watchtower: The Follies of History By Pepe Escobar, August 19, 2019
Hong Kong in the Crosshairs of Global Power and Ideological Struggles By Kevin Zeese and Margaret Flowers, August 19, 2019
According to the Federal Government, 19 Million Acres of Farmland Were Not Planted with Crops this Year By Michael Snyder, August 17, 2019
Austerity without End. Neoliberal Reforms and Labour Rights By Carlo Fanelli and Prof. Stephanie Luce, August 16, 2019
Fewer Banks in African American Neighborhoods Contribute to the U.S. Racial Wealth Gap By Sarah Abed, August 16, 2019
British Rail: A Mass Transport System Is an Essential Public Service Not a Get-Rich-Quick Scheme for Investors By Hans Stehling, August 16, 2019
Punishing the World with Sanctions. Intended to Cause Real Pain By Philip Giraldi, August 16, 2019
America’s “War on Terrorism” and The Globalization of Poverty: Michel Chossudovsky By Global Research, August 15, 2019
“Creating Money out of Thin Air”: Public Banking and Ellen Brown’s “Web of Debt” Website By Bryant Brown, August 15, 2019
John Bolton Visit – Forcing Britain’s Hand over Huawei, Iran and China before Trade Deal By True Publica, August 14, 2019
Why Gold Prices Are About to Skyrocket Even Higher By Charles Kennedy, August 14, 2019
Venezuela Retains Political Control after New US Coercive Measures By Nino Pagliccia, August 14, 2019
UK Government Is Pushing Ahead with Extreme US Trade Deal By True Publica, August 14, 2019
13 Million Expected to Sign Petition Against US’s Venezuela Blockade By Steve Sweeney, August 14, 2019
Argentina & the Next Global Financial Crisis By Dr. Jack Rasmus, August 14, 2019
How Tehran Fits into Russia-China Strategy By Pepe Escobar, August 13, 2019
Trump: A Modern-Day Herbert Hoover? Financial Plunge 2019 By Stephen Lendman, August 13, 2019
Electoral Defeat for Ruling Argentinian Neo-Liberal Regime By Stephen Lendman, August 12, 2019
Adding Context to ‘News’ About Venezuela By Eric Zuesse, August 12, 2019
Project Fear Panic: Predicted Hard-Brexit Job Losses Across Europe By Zero Hedge, August 12, 2019
Contrasting Development Experiences of the Arab World and East Asia By Prof. Ray Bush, August 12, 2019
The World Is Uniting for International Law, Against US Empire By Kevin Zeese and Margaret Flowers, August 12, 2019
China’s Belt and Road (BRI): Could Save Destroyed Southeast Asia? By Andre Vltchek, August 12, 2019
Criminal Embargoes: Venezuela and Iran in the Crosshairs of Murderers Inc – Who Is Next? By Peter Koenig, August 10, 2019
“Worst Year Ever”: The Chinese Ban on U.S. Agricultural Products Will be a Death Blow for Countless U.S. Farms By Michael Snyder, August 09, 2019
Will China Trigger Next Financial Tsunami? By F. William Engdahl, August 09, 2019
Neoliberalism Has Met Its Match in China. We’re in a Trade and Currency War By Ellen Brown, August 09, 2019
Escalating US War on China by Other Means. Undermining Stability in Asia-Pacific Region By Stephen Lendman, August 08, 2019
Is the Federal Reserve Losing Control of the Gold Price? Rigging the Currency Market By Dr. Paul Craig Roberts, August 08, 2019
The Mexican Debt Crisis and the World Bank By Eric Toussaint, August 08, 2019
China Just Went Nuclear in the Trade War, and There Is No Turning Back Now By Michael Snyder, August 07, 2019
“On a Scale of 1-10, It’s an 11” – Wall Street Reacts to China’s Retaliation By Zero Hedge, August 07, 2019
Trade War: China Suspends Purchases of US Agricultural Products By Telesur, August 07, 2019
Black Alliance for Peace Condemns Trump Administration’s Racist and Illegal Embargo on Venezuela By Black Alliance for Peace, August 07, 2019
Trump War on China by Other Means. Economic Warfare. Things May Get Ugly By Stephen Lendman, August 06, 2019
Saudi Arabia’s ‘Strategic Plan’ to Take Turkey Down By David Hearst and Ragip Soylu, August 06, 2019
Trump’s Trade War with China: Imagine What Would Happen if China Decided to Impose Economic Sanctions on the USA? By Prof Michel Chossudovsky, August 05, 2019
The Global Currency War Has Begun. China’s Yuan Breaks the 7 to $1 Band. Why is The Dollar Rising? By Dr. Jack Rasmus, August 05, 2019
The Resurgence of the “Absentee Landlord” Beast By Philip A Farruggio, August 05, 2019
Trump’s Trade War Measures Hit the Financial Markets By Nick Beams, August 05, 2019
America’s Economic Collapse. Capitalism is a Plunder Mechanism By Dr. Paul Craig Roberts, August 01, 2019
When Corporations Ransack Countries: A Primer on Investor-state Dispute Settlement (ISDS) By Red Carpet Courts, August 01, 2019
Erdogan’s Risky Geopolitical Pirouette. Turkey’s Economy in “Troubled Waters” By F. William Engdahl, August 01, 2019
The Injustice of Economic Warfare By Daniel Larison, July 31, 2019
British Pound Faces a Two-year Low as “Back Door Johnson” Prepares UK for “No Deal Brexit” By Johanna Ross, July 31, 2019
Greece – “Economic Suicide” or Murder? By Peter Koenig, July 30, 2019
Space Lunacy: $ Trillion Space Games and False Prophecies by Billionaires While Rome Burns By Dr. Andrew Glikson, July 30, 2019
A Joint-Russia-China Air Patrol Just Made South Korean-Japanese Tensions Worse By Andrew Korybko, July 25, 2019
Russia-Africa Relations: Economic, Strategic and Geopolitical Dimensions By Padraig McGrath, July 25, 2019
Revealed: UK Companies Opening Overseas Carbon Credit Accounts in Preparation for No-Deal Brexit By Crina Boros, July 22, 2019
A Bank with 49 Trillion Dollars in Exposure to Derivatives Is Melting Down Right in Front of Our Eyes By Michael Snyder, July 22, 2019
Pitfalls of Economic Globalization By Prof Rodrigue Tremblay, July 21, 2019
Video: US-China Trade War Explained By Soapbox, July 21, 2019
The World Is Dedollarizing By Peter Koenig, July 19, 2019
African Free Trade Area Launched in Niger By Abayomi Azikiwe, July 18, 2019
Why the Canadian Government Is Confronting Venezuela By Arnold August, July 18, 2019
Korea-Japan Trade Plus War: Where Are You Going Mr. Shinzo Abe? By Prof. Joseph H. Chung, July 18, 2019
The World Bank Saw the Debt Crisis Looming By Eric Toussaint, July 17, 2019
On Trump’s “Misguided Trade War” with China By Allen Yu, July 15, 2019
Why Austerity? By Bryant Brown, July 15, 2019
The Myth of Low Interest Rates Stimulating Economic Growth in the US By Stephen Lendman, July 13, 2019
“The Globalization of War” and “The Globalization of Poverty” – Two Books by Michel Chossudovsky By Global Research, July 12, 2019
Russia-India China (RIC) on “Indo-Pacific”: Resolving Strategic Problems. India’s Military Alliance with the U.S. Remains an Impediment By Andrew Korybko, July 11, 2019
Brexit: British Lorries to be Turned Back at Dover by Shipping Companies By Pölös Zsófia, July 11, 2019
How to Pay for It All: Central Banking Asia Style By Ellen Brown, July 11, 2019
China’s Belt and Road, Trump’s Trade War and the Future of the Global Economy By Andrew Korybko, July 10, 2019
“It’s Going To Be Carnage” – Deutsche Begins Culling 18,000 Employees By Zero Hedge, July 10, 2019
Offshoring and Industrial Relocation: Profits from Exploitation in Honduras. Transnational Companies are Impoverishing us All By Mark Taliano, July 08, 2019
Is China’s Debt Load the Locus of the Next Crisis? By Dr. Jack Rasmus, July 08, 2019
Turkey’s ‘Middle Corridor’ Looking to Integrate with China’s ‘Belt and Road’ (BRI) By Andrew Korybko, July 06, 2019
Is Deutsche Bank the Next ‘Lehman Brothers’? By Dr. Jack Rasmus, July 06, 2019
IMF
The IMF and World Bank: Partners in Economic Backwardness By Prof Michael Hudson and Bonnie Faulkner, July 06, 2019
Chinese Investments in US Grind to Halt, Trade War Blamed By Zero Hedge, July 06, 2019
Money for the Wrong Something. The Corrupt Rabbit Hole of “Obscene Military Spending” By Philip A Farruggio, July 05, 2019
End of Globalization with Western Characteristics By Prof. Fabio Massimo Parenti, July 05, 2019
The Wealthy and The Miserable: Replacing Global Capitalism. “The Highest Duty is to Think of Others”. Victor Hugo By Dr. Robert Rennebohm, July 05, 2019
Iran to Reach the Mediterranean Through the Proposed Iran-Iraq-Syria Railway Corridor By Arabi Souri, July 04, 2019
Watchdog Groups Call on Congress and Federal Regulators to Impose Moratorium on Facebook’s Proposed Cryptocurrency By Jessica Corbett, July 04, 2019
Goodbye Dollar, It Was Nice Knowing You! By Philip Giraldi, July 04, 2019