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.
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
Mirage Named INSTEX and the Iran Sanctions Regime: Review over European JCPOA Report By Mehrnews, July 04, 2019
China’s Careful New Focus on Latin America By Joseph S. Tulchin, July 03, 2019
Eight Years Ago: Regime Change at the IMF: Christine Lagarde and The Frame-Up of Dominique Strauss-Kahn By Prof Michel Chossudovsky, July 03, 2019
Media and Politicians Ignore Oncoming Financial Crisis By Rep. Ron Paul, July 02, 2019
Facebook, Funny Money and Libra By Dr. Binoy Kampmark, July 02, 2019
US v. China: From Tariff War to Economic War By Dr. Jack Rasmus, July 01, 2019
Prime Minister Sheikh Hasina’s Visit to China Will Elevate Bangladesh’s Role in the Belt and Road Initiative (BRI), Extend China’s Influence in South Asia By Andrew Korybko, June 30, 2019
Trump-Xi Meeting: US to Lift Ban on High Tech Sales to China’s Huawei? While Keeping Chinese Telecom Companies on a Blacklist By Stephen Lendman, June 30, 2019
Latest Weapon of US Imperialism: Liquified Natural Gas (LNG) By Federico Pieraccini, June 29, 2019
Tanzania’s Decision to Suspend the Bagamoyo Port Project: A Surprise Blow against China’s Silk Road Vision for East Africa By Andrew Korybko, June 29, 2019
Ideological Manipulation: Attacking Progressive Ideas and Policies, Misrepresenting Socialism By Dr. Jack Rasmus, June 29, 2019
The Globalization of War. America’s “Long War” against Humanity By Prof Michel Chossudovsky, June 28, 2019
capitalism
On Global Capitalist Crises: Failure of Economic Theory and Capitalist Restructurings By Dr. Jack Rasmus and Mohsen Abdelmoumen, June 28, 2019
Libra: Facebook’s Audacious Bid for Global Monetary Control By Ellen Brown, June 28, 2019
5G and the US-China Trade War: Washington Pressures Telecom Firms Selling 5G Equipment in US “To Move Their Production out of China” By Andrew Korybko, June 27, 2019
The Diminishing American Economy By Dr. Paul Craig Roberts, June 25, 2019
The G20 Meeting in Japan: The Trade War Unleashed by the United States Against China By Francesco Maringiò, June 25, 2019
“Theoretical Lies” of the World Bank. Developing Countries and the Hidden Agenda of the “Washington Consensus” By Eric Toussaint, June 24, 2019
The Mechanism of Economic Sanctions: Changing Perceptions and Euphemisms By Elias Davidsson, June 24, 2019
Provoking Iran Could Start a War and Crash the World Economy By Federico Pieraccini, June 23, 2019
US-China Economic Warfare: Chinese Enterprises Blacklisted by the US By Stephen Lendman, June 23, 2019
U.S. Steel Plants Are Going Idle, but the Fed Continues to Perpetuate the Myth that the “Economy is in Good Shape” By Michael Snyder, June 21, 2019
On Global Capitalist Crises: Resisting US Financial Imperialism in Venezuela By Dr. Jack Rasmus and Mohsen Abdelmoumen, June 21, 2019
Sanctions Are “Genocidal”, and They Are America’s “Favorite Weapon” By Justin Podur, June 20, 2019
US-China Trade War, Negotiations to Resume? Xi and Trump to Meet on Sidelines of G20 By Stephen Lendman, June 20, 2019
Matteo Salvini Sells Italy to US War Agenda By Enzo Pellegrin, June 20, 2019
Synthesis Technology, Artificial Intelligence and “Deap-Fake” Videos: “I Don’t Think the Public Is Aware of What’s Coming” By Eric Peters, June 19, 2019
On Global Capitalist Crises: The Destruction and Cooptation of the Trade Union Movement By Dr. Jack Rasmus and Mohsen Abdelmoumen, June 19, 2019
U.S. Sanctions: Economic Sabotage that Is Deadly, Illegal and Ineffective By Medea Benjamin and Nicolas J. S. Davies, June 18, 2019
Will China’s Automobile Market Trigger Next Economic Downturn? By F. William Engdahl, June 17, 2019
Trump and the Taiwan Gambit By Peter Koenig, June 17, 2019
Is the Venezuelan Economy Stabilizing or Is the Worst Still to Come? By 15yÚltimo, June 16, 2019
Putin at SCO Summit: Pakistan Is Integral to the Eurasian Future By Andrew Korybko, June 15, 2019
On Global Capitalist Crises: US Neocons and Trump’s Economic and Social Agenda By Dr. Jack Rasmus and Mohsen Abdelmoumen, June 14, 2019
A Life Well-lived: Reforming the Bank of Canada. William Krehm Passes Away at 106 By Bryant Brown, June 14, 2019
On Global Capitalist Crises. Debt Defaults, Bankruptcies and Real Economy Decline By Dr. Jack Rasmus and Mohsen Abdelmoumen, June 13, 2019
The U.S. Has Been Eclipsed in Every Sphere but War. China’s Competitive Edge By Glen Ford, June 12, 2019
Global Elites, Crisis of Humanity and ‘Facing the Juggernaut’ By Michael Welch and Peter Phillips, June 11, 2019
US-China Relations: Trump Is Waging “Psychological Warfare” on Xi By Andrew Korybko, June 11, 2019
The SCO Summit in Bishek, to Address US Threats, Geopolitics of the Region, Cooperation By Prof. Engr. Zamir Ahmed Awan, June 11, 2019
From Dollar Hegemony to Global Warming: Globalization, Glyphosate and Doctrines of Consent By Prof Denis Rancourt and Colin Todhunter, June 11, 2019
The US-Mexican Deal Advances “Fortress America”, Softens China’s “Counter-Sanctions” By Andrew Korybko, June 10, 2019
European Customers Are “Abandoning” UK Firms as Manufacturing Figures Sink By Jack Peat, June 10, 2019
On Global Capitalist Crises: Systemic Changes and Challenges By Dr. Jack Rasmus and Mohsen Abdelmoumen, June 09, 2019
Who Rules the World? Bilderberg 2019 and the Global Power Elite By Michael Welch, Dan Dicks, and Peter Phillips, June 07, 2019
Profits über Alles! American Corporations and Hitler By Dr. Jacques R. Pauwels, June 07, 2019
World Bank and IMF Support to US Sponsored Dictatorships By Eric Toussaint, June 07, 2019
The State of the US Economy. Poverty and America’s “Mega-Rich”. Rigged Markets and the Collapse of the “Real Economy” By Dr. Paul Craig Roberts, June 07, 2019
The Root of All Evil: “People No Longer Matter” By John Kozy, June 06, 2019
Why Trump Now Wants Talks with Iran By Pepe Escobar, June 06, 2019
After the Fall of the Berlin War: Between Dystopia and Democratic Socialism By Andrew Jackson, June 05, 2019
“Manufacturing Dissent”: The Anti-globalization Movement is Funded by the Corporate Elites By Prof Michel Chossudovsky, June 01, 2019
The Bankers’ “Power Revolution”: How the Government Got Shackled by Debt By Ellen Brown, May 31, 2019
Trumponomics: America First, the US-China Trade War, and the Future of Global Capitalism By Michael Welch, Dr. Jack Rasmus, and Leo Panitch, May 31, 2019
Full-blown US-China Trade War? Rare Earths – US Has So Much to Lose, China Barely Feels the Loss By Tom Clifford, May 31, 2019
Clubs, Cartels and Bilderberg By Dr. Binoy Kampmark, May 31, 2019
Death of South Africa’s Lonmin Mining House. “Murder by Money” By Prof. Patrick Bond, May 30, 2019
The Sensation of “Financialization”: How It Undermines Real Economic Development By Jomo Kwame Sundaram and Dr. Michael Lim Mah Hui, May 30, 2019
The Decline of Jamaica’s Trade Union Movement in the Era of Capitalist Globalization By Tina Renier, May 29, 2019
China Has Three Trump Cards to Win the US-China Trade War By Jin Canrong, May 29, 2019
“The True Story of the Bilderberg Group” and What They May Be Planning Now By Stephen Lendman, May 28, 2019
Palestinian Economic Development Under Zionist Settler Colonialism By Dr. Zuhair Sabbagh, May 27, 2019
Predatory Corporations in South Africa: The Lonmin Mining House and the 2012 Marikana Massacre By Prof. Patrick Bond, May 27, 2019
Neo-liberalism: What Is It? What Is Wrong with It? What Next? By Prof. Joseph H. Chung, May 27, 2019
Banking on the People: Democratizing Money in the Digital Age By Ellen Brown, May 26, 2019
Bolton Threatens to Force Africa to Choose Between the US and China By Glen Ford, May 25, 2019
Another Round of Punishing Economic Austerity in Ontario By Prof. Greg Albo, Prof. Bryan Evans, and Carlo Fanelli, May 25, 2019
Backlash in US-China Trade War. China Defies Sanctions against Iran, Resumes Purchase of Iran Oil By Prof Michel Chossudovsky, May 21, 2019
US-China Trade War: Beijing Warns Trump Against “Going Too Far” By Stephen Lendman, May 21, 2019
The U.S. Ultimatum on Huawei Is Backfiring By Andrew Korybko, May 19, 2019
Oil and Global Rivalry By John Foster, May 18, 2019
Trade War
China-US Trade War: Hiatus or Busted Deal? By Dr. Jack Rasmus, May 15, 2019
The China Pakistan Economic Corridor (CPEC): Crucial to the Convergence of Civilizations? By Andrew Korybko, May 14, 2019
Washington Had the Wrong Approach to US-China Trade Talks from the Start By Andrew Korybko, May 11, 2019
Boondoggle, Inc.: Making Sense of the $1.25 Trillion National Security State Budget By William D. Hartung and Mandy Smithberger, May 10, 2019
How Major Banks Turned a Blind Eye to the Theft of Billions of Pounds of Public Money By Madlen Davies, Ben Stockton, and Ferdinand Moeck, May 09, 2019
Venezuela Accuses UK of Denying Venezuelans Food, Healthcare by Blocking Gold Deposits By Press TV, May 09, 2019
A Chinese Caribbean? Washington Not Happy About “New China Focus” in Cuba, Venezuela and Panama By F. William Engdahl, May 09, 2019