Global Economy

62 individuals – 388 in 2010 – now own more wealth than 50% of the world’s population. More shockingly, this share of wealth by half of the world’s people has collapsed by over 40% in the last five years.
The price of gold is notoriously unstable. US financial institutions can act against Russia and China without actually possessing physical gold. They are able to influence the gold and forex markets through various speculative instruments including naked short-selling.
At the height of a US trade war against China, not to mention what Beijing considers an act of provocation by the US Navy in the Taiwan Straits, the Renminbi is indelibly under attack. For the People’s Bank of China to faithfully follow IMF guidelines is tantamount to abiding by the Washington Consensus.
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.
Welcome to Trump Budget Management: A Week after Decrying a $716 Billion Defense Budget, Trump Agrees to $750 Billion Defense Budget By Economic Policy Journal, December 12, 2018
Trump and China: Towards a Cold or Hot War? By Marc Vandepitte, December 12, 2018
Video: Behind the US Attack on Chinese Smartphones By Manlio Dinucci, December 12, 2018
The Saudi Dilemma: To Cut or Not to Cut Production By Irina Slav, December 05, 2018
The New “Water Barons”: Wall Street Mega-Banks are Buying up the World’s Water By Jo-Shing Yang, December 05, 2018
George H. Walker Bush: The Bush Family and the Mexican Drug Cartel By Prof Michel Chossudovsky, December 04, 2018
A US-China Trade War ‘Armistice’? Trump Blinks and Retreats at G-20 By Dr. Jack Rasmus, December 04, 2018
Debt, Death, and the US Empire By Antonius Aquinas, December 02, 2018
Bush Family Links to Nazi Germany: “A Famous American Family” Made its Fortune from the Nazis By Prof Michel Chossudovsky, December 02, 2018
The Complete History of Monsanto, “The World’s Most Evil Corporation” By E Hanzai, November 30, 2018
Trump’s Trade War with China: Imagine What Would Happen if China Decided to Impose Economic Sanctions on the USA? By Prof Michel Chossudovsky, November 29, 2018
Russia Is Key to Asia’s Future Development. Putin’s Asia Pivot. China’s Belt and Road. Towards A “Greater Eurasian Partnership” By F. William Engdahl, November 28, 2018
Trump/Putin Meeting at G20: On or Off? Showdown with China’s Xi Jinping? By Stephen Lendman, November 28, 2018
Will the Argentina-China Partnership Undermine Trump’s “Fortress America” in the Southern Cone By Andrew Korybko, November 28, 2018
The US – China Pending Trade War on the Eve of the G-20 Buenos Aires Meeting. Announced Tariffs in the Hundreds of Billions of Dollars By Dr. Jack Rasmus, November 27, 2018
The Global Financial Crime Wave Is No Accident By Nat Dyer, November 27, 2018
US Trade War with China: Desperate Move to Save Western Empire By Andre Vltchek, November 26, 2018
The China-Pakistan Economic Corridor (CPEC). Why is the European Union Opposed to It? By Joseph Thomas, November 25, 2018
Video: Khashoggi and the Take Down of Saudi Crown Prince MBS Global Research interviews Whitney Webb By Michael Welch and Whitney Webb, November 25, 2018
Household and Corporate Debt in America Reach All-Time Highs … Towards a Deep Recession? By Washington's Blog, November 23, 2018
Trade War
ASEAN and Trade Wars: The Need to Reinstate Southeast Asia as a “Zone of Peace, Freedom and Neutrality” (ZOPFAN) By Dr. Chandra Muzaffar, November 21, 2018
US Dollar Completely Ditched in Trade Between Iran & Iraq – Official By RT News, November 21, 2018
US and China Clash at the APEC Summit. “Very Tense”. Towards the Rupture of Asia-Pacific Trade Structures By Stephen Lendman, November 19, 2018
Global Oil Price Deflation 2018. The Drift Toward Global Recession is Underway By Dr. Jack Rasmus, November 19, 2018
The Myth of EU Sovereign Independence. The Persistent Fear of US Punitive Measures By Stephen Lendman, November 18, 2018
United States Budgetary Costs of the Post-9/11 Wars: $5.9 Trillion Spent and Obligated By Prof. Neta C. Crawford, November 17, 2018
China: A New Philosophy of Economics By Peter Koenig, November 16, 2018
China-US Dialogue: Polite Diplomacy, Illegal Sanctions, Washington’s Unspoken Intent is to “Contain” China By Stephen Lendman, November 13, 2018
The Biggest Threat to Dollar Dominance By Irina Slav, November 13, 2018
Trump ‘Trade War’ Hides Military Industrial Agenda By F. William Engdahl, November 13, 2018
Who Is Afraid of American Sanctions? By Dr. Elias Akleh, November 12, 2018
Goldman ‘Bear Market Indicator’ Nears Record High: The Signal is Red. By Zero Hedge, November 12, 2018
Iran Sanctions – Trump Gives Waivers to Iran’s Major Customers? By Peter Koenig and Press TV, November 11, 2018
$240-billion-a-day Market Set to “Move Out of London” Ahead of Brexit By Jack Peat, November 11, 2018
Iran Needs to Address the Broader Issue of Its National Economy: A Macroeconomic Strategy in Response to US Sanctions By Prof. Ismael Hossein-Zadeh, November 11, 2018
Maduro in the Cross-hairs: What You are not Being Told about the Crisis in Venezuela By Michael Welch and Mike Prysner, November 11, 2018
War, Terrorism and the Global Economic Crisis. Ninety-nine Interrelated Concepts By Prof Michel Chossudovsky, November 10, 2018
A Well-Kept Open Secret: Washington Is Behind India’s Brutal Demonetization Project By Norbert Haering, November 08, 2018
Bank of England Refuses Venezuela’s Request to Return $550 Million In Gold – Report By Sputnik, November 08, 2018
Profits über Alles! American Corporations and Hitler By Dr. Jacques R. Pauwels, November 08, 2018
Why Did the US Issue a Sanctions Waiver for Iran’s Port of Chabahar? By Andrew Korybko, November 08, 2018
The Prison Industry in the United States: Big Business or a New Form of Slavery? By Vicky Peláez, November 07, 2018
Are Trump Regime Hardliners Heading for War on Iran? By Stephen Lendman, November 07, 2018
Brazil’s Deep-seated Economic and Social Crisis By Edu Montesanti, November 06, 2018
Abe Meets Xi Then Modi: A New Asia ‘Cooperation Sphere’? By F. William Engdahl, November 06, 2018
US Threatens SWIFT with Sanctions if Iran Isn’t Cut Off By Zero Hedge, November 05, 2018
Impact Is Imminent: Getting Into Gold, Getting Out of the Euro (and Dollar) By Patrick Henningsen, November 05, 2018
Closing Loopholes: Taxing the Digital Giants By Dr. Binoy Kampmark, November 05, 2018
Trump’s War on the US Federal Reserve By Ellen Brown, November 05, 2018
How US Sanctions on Iran Could Herald a Profound Global Power Shift By Peter Oborne, November 05, 2018
Rescuing the Banks Instead of the Economy By Prof Michael Hudson and Bonnie Faulkner, November 04, 2018
Dissecting the US-NAFTA 2.0 Deal By Dr. Jack Rasmus, November 04, 2018
Pre-emptive Peace. The Current System is Shattered. Is Military Confrontation the Next Option? By Massoud Nayeri, November 04, 2018
Are Oil Prices Rising or Falling? By Marwan Salamah, November 04, 2018
Rigged US Elections and the new NAFTA By Michael Welch, Bob Fitrakis, and Dr. Jack Rasmus, November 04, 2018
Video: The Globalists Have Created A ‘Humanitarian’ Immigration Crisis: Why Is This Happening Now? By Truthstream Media, November 03, 2018
Washington Imposes New Sanctions Against Venezuela and Cuba By Bill Van Auken, November 03, 2018
Harsh US Sanctions to Have Limited Effect on Iran? By Stephen Lendman, November 03, 2018
Is the US-China Trade War for Real? By Dr. Jack Rasmus, November 02, 2018
New Iran Sanctions Risk Long-term US Isolation By Patrick Lawrence, November 02, 2018
Trump’s Back Door Return to the TPP Free Trade Agreement in 2019/20? By Dr. Jack Rasmus, November 02, 2018
Stiff New US Economic Sanctions against Iran Imminent. Implications for the EU. Circumventing Dollar Transactions. Will Brussels Bypass the SWIFT Interbank Financial System By Stephen Lendman, November 01, 2018
Billions of Euro ‘Disappeared’ From Frozen Accounts of Muammar Gaddafi. They Were Used to Finance War in Libya By South Front, November 01, 2018
True Dimensions of Trump’s $4-5 Trillion Tax Cuts By Dr. Jack Rasmus, November 01, 2018
The China Pakistan Economic Corridor (CPEC): The Asian Parliamentary Assembly Meeting in Gwadar Was Good News for CPEC By Andrew Korybko, October 31, 2018
The US Blockade Is the Main Obstacle to Cuba’s Development By Cuba Solidarity Campaign, October 31, 2018
“Prisons are Big Business”: The Prison-Industrial Complex and the Global Economy By Linda Evans and Eve Goldberg, October 27, 2018
How $21 Trillion in U.S. Tax Money Disappeared. “Full Scope Audit” of the Pentagon By David DeGraw, October 27, 2018
Brazil: The Collapse of Democracy? Rise of the Far Right By Alfredo Saad-Filho, October 27, 2018
Big Business Strikes Back: The Class Struggle from Above. The Neo-Liberal “New Order” By Prof. James Petras, October 27, 2018
European Parliament Right to Call for an Arms Embargo against Saudi Arabia By CAAT - Campaign Against Arms Trade, October 26, 2018
In Major Concession, Trump Will Allow Iran to Remain Connected to SWIFT. Alternative Currency Transfer System Currently Developed by Russia By Zero Hedge, October 25, 2018
“Contingency Plan” for a No-deal Brexit: Disruptions? Panic Scenarios, Proposals to Ferry in “Critical Supplies”, Food, Medicine, Car Parts By Political Concern, October 25, 2018
The EU, Russia, China Plan to Avert Iran Oil Sanctions: New Banking Architecture, Bypass US Dollar Trade By F. William Engdahl, October 24, 2018
The Khashoggi Crisis: A Blessing in Disguise for Pakistan’s Imran Khan By James M. Dorsey, October 24, 2018
New Data Shows a 45% Spike in Tariffs Being Paid by American Businesses and Consumers By Tariffs Hurt the Heartland, October 24, 2018
Geopolitics and Financial Warfare: The Reconfiguration of the Global Balance of Power By José Miguel Alonso Trabanco, October 22, 2018
A New Imperial Power? Media Campaign against China By Dr. Chandra Muzaffar, October 22, 2018
Hungarian Central Bank Stuns, Announces 10-Fold Jump in Gold Reserve By Ronan Manly, October 22, 2018
EU Owes UK 10.3K Billion Euros — Time to Leave and Theresa May Must Go By Rodney Atkinson, October 22, 2018