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.
America has the greatest inequalities, highest mortality rate, most regressive taxes, and largest public subsidies for bankers and billionaires of any developed capitalist country. One of the most likely sources of billionaire wealth is through tax evasion in all of its guises and forms.
Behind the extreme highs of the stock market and the official government unemployment data, the US economy is primed for a financial Tsunami that is more influenced by independent Fed actions than by anything that the White House has done since January 2017.
The U.S. dollar is tied up with the market for interest rate derivatives, currently valued at over $500 trillion. As analyst Rob Kirby explains, the economy would crash if interest rates went negative. The derivatives market would go down like a stack of dominoes and take the U.S. economy with it.
Drawing Battlelines: US Openly Targets China’s “Belt and Road” By Tony Cartalucci, May 31, 2020
Trump Is No Longer Interested in Trade Deal with China? By Paul Antonopoulos, May 29, 2020
The Great US 2020 Wealth Transfer Heist. Deep Inequalities in US Society By Stephen Lendman, May 29, 2020
Will U.S. Shale Survive if Oil Price Hits $40? By Irina Slav, May 28, 2020
Venezuela: Gold Kept at Bank of England Needed to Fight COVID By Telesur, May 28, 2020
Pakistan’s Role in Russia’s Greater Eurasian Partnership By Andrew Korybko, May 27, 2020
The Farce and Diabolical Agenda of A “Universal Lockdown” By Peter Koenig, May 26, 2020
Towards A New World Order? The Global Debt Crisis and the Privatization of the State By Prof Michel Chossudovsky, May 26, 2020
Two Fictions of Mainstream Economics. 45 Million US Workers Unemployed By Dr. Jack Rasmus, May 25, 2020
The “Lockdown” Has Turned America Into a Despotic, Cash-Strapped Basket-Case By Mike Whitney, May 25, 2020
Canadian Cities Hit by Pandemic Lockdown. Vulnerable to BlackRock’s Privatization Agenda By Joyce Nelson, May 25, 2020
US Senate Quietly Approves $38 Billion for Israel Amid Historic Economic Downturn By Alison Weir, May 25, 2020
Global Capitalism, “World Government” and the Corona Crisis By Prof Michel Chossudovsky, May 24, 2020
US Unemployment Insurance Claims Approaches 40 Million… By Niles Niemuth, May 22, 2020
Dramatic Increase in Global Poverty Generated by Coronavirus Crisis. No Scaling Back of US Militarism By Paul Antonopoulos, May 22, 2020
COVID-19 Hits Hard, but Challenges BRICS By Kester Kenn Klomegah, May 21, 2020
Will Trump Wage More Wars to Distract From COVID-19 and Economic Collapse? By Stephen Lendman, May 21, 2020
Video: Let Us Free Ourselves From the Virus of War By Comité No Guerra no Nato and Global Research, May 20, 2020
China Updates Its ‘Art of Hybrid War’ By Pepe Escobar, May 20, 2020
“Travel Bubbles” Would be Best if They Were Based on Regional Trade Blocs By Andrew Korybko, May 19, 2020
Another U.S Bank Bailout Under Cover of a Virus By Ellen Brown, May 19, 2020
Beware of The Globalists’ “New World Order” By Will Kesler, May 18, 2020
The Deepening US Health Care Affordability and Coverage Crisis By Dr. Jack Rasmus, May 18, 2020
Trump Tightens Restrictions on Huawei, China Threatens Retaliation By Stephen Lendman, May 18, 2020
Federal Reserve Financial Mismanagement By Stephen Lendman, May 18, 2020
China’s New Crypto-Currency – First Step to Full Dedollarization? By Peter Koenig, May 17, 2020
Chinese Ridicule Trump’s China ‘Cut-Off’ Threat By Global Times, May 17, 2020
Normalized Relations with Russia Can Improve Baltic Economies During Pandemic By Paul Antonopoulos, May 17, 2020
Video: Coronavirus: Economic and Social Collapse: Mass Unemployment, Bankruptcy, Poverty and Despair By Prof Michel Chossudovsky, May 15, 2020
What Happens In the Wake of the COVID-19 Lockdown? Economic Destruction, Global Poverty, Bankruptcies, Mass Unemployment. Neoliberalism to the Rescue By Prof Michel Chossudovsky, May 15, 2020
Is Universal Basic Income the Way Out of the Current Economic Crisis? By Ellen Brown and Philip A Farruggio, May 15, 2020
COVID-19: How Many are Really Unemployed and how Many British Companies are Going Bust By True Publica, May 15, 2020
Pandemic Spending Will Force US Defense Budget Cuts—Some of Which Should Come From Nuclear Weapons Programs By Lawrence Korb, May 14, 2020
Corona-Crisis and Two Models of Capitalism By Dimitris Konstantakopoulos, May 14, 2020
Will Turkey Contract Its Militarism Because of Its Economic Problems? By Paul Antonopoulos, May 14, 2020
US Government Fails to Prevent a Worsening Economic Downturn By Abayomi Azikiwe, May 14, 2020
The Longterm Social Impacts from Economic Collapse and COVID-19 Outbreaks By Stephen Lendman, May 13, 2020
Survey on COVID-19 Economic Impacts: More than 50% of German Companies Expect Major Revenue Drop in 2020 By Jastra Ilic, May 13, 2020
America
Low-Balling the Unemployed in the Era of the 2020 Great Recession By Dr. Jack Rasmus, May 12, 2020
Strained China-US Relations. Renewed Trade War Ahead? New Cold War? By Stephen Lendman, May 12, 2020
Will the Current Serious Economic Recession Evolve into a Full-fledged Global Economic Depression? By Prof Rodrigue Tremblay, May 12, 2020
China Might be a “Silver Bullet” for Countries in the Middle East. Might Jeopardize Relations with Washington By Azhar Azam, May 12, 2020
Fragile Economic System: It Is Much Worse Than You Are Being Told By Michael Snyder, May 12, 2020
Effects of US Lockdowns v. Lifting Them By Stephen Lendman, May 11, 2020
Depression USA By Joseph Kishore, May 11, 2020
Bank of England Secret Bail Out of Big Business – Over £100bn Committed in Three Weeks By True Publica, May 11, 2020
Democratic Governor and UAW Collude with Auto Bosses to Force Return to Work in Michigan By Jessica Goldstein, May 11, 2020
China Forges Ahead Through Chaos and US Threats By Pepe Escobar, May 10, 2020
The Fed’s Historic Gamble: Pre-Bailing Out the Banking System By Dr. Jack Rasmus, May 10, 2020
The COVID-19 Crisis Has Already Left Too Many Children Hungry in America By Lauren Bauer, May 08, 2020
Mass Joblessness Deepens in US as Corporations Move to Implement Permanent Layoffs. 40.6 Million Unemployed By Shannon Jones, May 08, 2020
Economics and the Pandemic: ‘Where’s the Money Coming From? Where’s the Money Going To? By Bryant Brown, May 08, 2020
What Future for American High School and University-College Graduates? Grim US “Class of 2020” Job Prospects By Stephen Lendman, May 08, 2020
Mao Zedong
Beijing May Dump US Treasuries in Response to US Hostility, Start Its Own QE: Chinese Media By Zero Hedge, May 08, 2020
Get Ready for the Next Game-Changer: China’s Digital Yuan, “Backed By Gold”? By Pepe Escobar, May 07, 2020
Reopening the United States Economy: Myths and Realities By Abayomi Azikiwe, May 07, 2020
Africa, IMF Conditionality and the COVID-19 Pandemic By Abayomi Azikiwe, May 07, 2020
Initial Reflections on ‘Debt Jubilee’, Modern Money Theory (MMT) and the Limits of Monetary Policy By Dr. Jack Rasmus, May 07, 2020
Ethiopia
Debt Cancellation for the World to Survive: Ethiopian PM Abiy Ahmed By Lawrence Freeman, May 06, 2020
EU Loses $27 Billion in Corporate Tax a Year to UK, Switzerland, Luxembourg and Netherlands By True Publica, May 06, 2020
Video: How Bill Gates Monopolized Global Health. James Corbett Documentary By James Corbett, May 06, 2020
The Federal Reserve: More Lethal Than Coronavirus By Rep. Ron Paul, May 05, 2020
Economic Cataclysm: Politicians Have Destroyed Markets and Ignored Human Rights with Alarming Enthusiasm By Finn Andreen, May 05, 2020
COVID-19 Vs the Economy – The Trouble Britain Now Finds Itself in By True Publica, May 04, 2020
Coronavirus and Saudi Arabia’s “Soft Power”. Will This Year’s Hajj be Cancelled? “Pilgrims bring in Billions of Dollars…” By Mohammad Reza Mohammadi, May 04, 2020
America’s Super-Rich See Their Wealth Rise by $282 Billion in Three Weeks of Pandemic By Alan MacLeod, May 04, 2020
Crushing the States, Saving the Banks: The Fed’s Generous New Rules By Ellen Brown, May 04, 2020
If We Want to Return to Normal, We Have to Fix the Policy By Mike Whitney, May 04, 2020
Fear and Loathing of the COVID-19 Economy By Kurt Nimmo, May 03, 2020
Reopening in Words Only? By Dr. Paul Craig Roberts, May 03, 2020
Shutting Down an Entire Economy. Weighing up the Threat From the Virus and the Threat From the Reaction By Rob Slane, May 03, 2020
Why Sweden Has Already Won the Debate on COVID ‘Lockdown’ Policy By Patrick Henningsen, May 03, 2020
Why Sweden Succeeded While Others Failed By Mike Whitney, May 03, 2020
“Food Supply Chain Is Breaking”: Tyson Foods By Zero Hedge, May 01, 2020
As US Unemployment Reaches Great Depression Levels, Millions Still Unable to Obtain Assistance By Shannon Jones, May 01, 2020
45 Years Ago, End of Vietnam War: Neoliberalism and “The Vietnam Model”. Who Won the Vietnam War? By Prof Michel Chossudovsky, April 30, 2020
The Real Economic Problem Is Not the Closedown By Dr. Paul Craig Roberts, April 30, 2020
Collapse of Air Travel: Boeing Burns Through a Record $4.7 Billion in Cash as Revenue Crashes 26%, Will Fire 10% of Workers By Zero Hedge, April 30, 2020
Big Banks Profit Amid Pandemic By Lucas Leiroz de Almeida, April 30, 2020
Video: US Coronavirus ‘Bailout’ Scam Is $6 Trillion Giveaway to Wall St – Economist Michael Hudson Explains By Prof Michael Hudson, Ben Norton, and Max Blumenthal, April 30, 2020