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.
EU Owes UK 10.3K Billion Euros — Time to Leave and Theresa May Must Go By Rodney Atkinson, October 22, 2018
What Sanctions on Russia and China Really Mean By Pepe Escobar, October 20, 2018
The Sino-American Innovation Dilemma: A Conflict with Deep Roots and Tough Solutions By Stephen S. Roach, October 19, 2018
Economic Austerity Kills: The Burden of Disease in Greece. Mortality, Tuberculosis, Suicide By Metropolitan Community Clinic at Helliniko, October 18, 2018
Dollar Monopoly Slips as China and Japan Dump US Treasuries By RT News, October 18, 2018
It’s Time We Dispel the Myth of ‘Progressive’ Liberalism in Ontario By Carlo Fanelli, October 18, 2018
Welcome to the G-20 From Hell By Pepe Escobar, October 18, 2018
Venezuela Ditches US Dollar, Will Use Euros for International Trade By Zero Hedge, October 18, 2018
Drug War? American Troops Are Protecting Afghan Opium. U.S. Occupation Leads to All-Time High Heroin Production By Washington's Blog, October 17, 2018
Goldman Sachs and Deutsche Bank Have Indelible Links to Greek Financial Crisis By JD Mangan, October 16, 2018
US Sanctions on Riyadh Would Mean Washington Is Stabbing Itself By Turki Aldakhil, October 15, 2018
Andrew Jackson
Agents of Chaos: Trump, the Federal Reserve and Andrew Jackson By Dr. Binoy Kampmark, October 15, 2018
Back in the (Great) Game: The Revenge of Eurasian Land Powers By Pepe Escobar, October 15, 2018
The War on Weed: Monsanto, Bayer, and the Push for “Corporate Cannabis” By Ellen Brown, October 15, 2018
IMF – WB – WTO – Scaremongering Threats on De-Globalization and Tariffs – The Return to Sovereign Nations By Peter Koenig, October 14, 2018
If NAFTA Has Been Replaced by USMCA, Is Canada Still Haunted by the FTA? By Professor John Ryan, October 14, 2018
Global financial crisis
A Global People’s Bailout for the Coming Financial Crash By Adam Parsons, October 11, 2018
Neoliberal Economics: The Plague of Iran’s Economy  By Prof. Ismael Hossein-Zadeh, October 11, 2018
The EU’s Economic and Political Weakness. Remainers’ Callous Hypocrisy By Rodney Atkinson, October 10, 2018
Oil Price Rally Boosts Electric Car Sales By Tsvetana Paraskova, October 09, 2018
NAFTA 2.0: Free Trade or Central Planning? By Rep. Ron Paul, October 08, 2018
Video: Trump’s Trade War and Escalation of US-China Standoff. Rising Tensions in the Economic, Diplomatic and Military Spheres By South Front, October 06, 2018
The Stock Market Just Crashed in Italy, and Argentina Has Panic-Raised Interest Rates to 65 Percent By Michael Snyder, October 04, 2018
Turkey to Use National Currency For Wheat Imports From Russia By Daily Sabah, October 04, 2018
Want to Know What Tax Haven Post Brexit Britain Could Look Like? By True Publica, October 04, 2018
Down by the River: Drugs, Money, Murder, and Family By Bryant Brown, October 03, 2018
Hitler’s Carmaker: The Inside Story of How General Motors Helped Mobilize the Third Reich By Edwin Black, October 02, 2018
NAFTA 2.0: US-Mexico-Canada Agreement (USMCA) is a Profit Driven “Corporate Coup d’Etat” By Stephen Lendman, October 02, 2018
Nuclear Annihilation
“Unsafe and Unprofessional”: Chinese Warship Comes Within 45 Yards of US Destroyer in South China Sea By Zero Hedge, October 02, 2018
NAFTA 2.0 Is No Cause for Celebration By Brent Patterson, October 02, 2018
Everyone Washes Their Hands as Gaza’s Economy Goes into Freefall By Jonathan Cook, October 02, 2018
US Sanctions over Beijing’s Purchase of Russia’s S-400 Missile Defense System, China Cancels Security Meeting with the US By Stephen Lendman, October 01, 2018
Phony trade war
Mexico -US -Canada NAFTA Trade Agreement Reached — A Phony Trade War! By Dr. Jack Rasmus, October 01, 2018
China and the Struggle of Oppressed Nations for Self-Determination, National Liberation and Socialism By Abayomi Azikiwe, October 01, 2018
Global Wealth Concentration: The Global Power Elite Drive Amazon Share Value to a Trillion Dollars  By Peter Phillips, September 30, 2018
Russian Far East
Geopolitics of The Russian Far East By Andrew Korybko, September 28, 2018
China and the Middle East: Venturing Into the Maelstrom By James M. Dorsey, September 27, 2018
The Foreign “Visible Hand” of the Market Exposed and Barred in Venezuela By Nino Pagliccia, September 27, 2018
economic war
Washington’s Sanctions Machine By Philip Giraldi, September 27, 2018
US financial market
“Quantitative Tightening” (QT) and the Coming Bubble Bust: Will the “Federal Reserve” Engineer the Next Financial Crash to Topple Donald Trump? By F. William Engdahl, September 26, 2018
Towards an Oil Price Spike? $100 Oil a Barrel Is a Distinct Possibility By Nick Cunningham, September 26, 2018
Bankers, Bosses, Hedge Fund Managers and Directors Panic-Stricken in Anticipation of a Radical Labour Government in Britain By Hans Stehling, September 25, 2018
China Blasts US Trade Protectionism. US Policies could lead to “Confrontation” By Stephen Lendman, September 25, 2018
Lehman Brothers
Comparing Economic Crises: 1929 with 2008 and the Next By Dr. Jack Rasmus, September 25, 2018
Russia Is Going to Start the Production of Construction Materials and Cars in Syria By South Front, September 24, 2018
Tensions Grow as China, Russia and Iran Lead the Way Towards a New Multipolar World Order By Federico Pieraccini, September 24, 2018
“The US Will Bear Responsibility”: China Furious After US Sanctions Beijing for Buying Russian Weapons By Zero Hedge, September 24, 2018
China To Acquire Management Control over Israel’s Strategic Port of Haifa? By Andrew Korybko, September 23, 2018
Iran Sanctions Are Damaging the Dollar By Nick Cunningham, September 21, 2018
New US Trade Sanctions Against China By Peter Koenig and Press TV, September 20, 2018
Video: The Spider’s Web: Britain’s Second Empire By Independent POV, September 20, 2018
US Sanctions Reach a Turning Point. De-Dollarization and Collusion against the U.S. By Karsten Riise, September 20, 2018
Canada and the Renegotiation of NAFTA: What’s Happening with the Investor-State Dispute Settlement (ISDS)? By Joyce Nelson, September 19, 2018
Aramco IPO
Saudi Imperatives and The Two-Trillion Bubble: What Aramco IPO Reveals About Crown Prince MBS’s 2030 Vision By James M. Dorsey, September 19, 2018
IMF (Again) Makes a Fool of Itself Over Brexit By Rodney Atkinson, September 19, 2018
Iran Hawks in Washington By Peter Koenig, September 18, 2018
Trade War
Hegemony Will No Longer Pay Off for the US By Global Times, September 18, 2018
Lehman Brothers
On the 10th Anniversary of the Lehman Brothers 2008 Crash: Can ‘IT’ Happen Again? By Dr. Jack Rasmus, September 18, 2018
In the Wake of the 2008 Global Economic Crisis: Banking Structures Untouched. How the Financial Lobby Won the Battle in Brussels By Corporate Europe Observatory, September 17, 2018
Economic Colapse
The Aftershocks of the 2008 Economic Collapse Are Still Being Felt By Kevin Zeese and Margaret Flowers, September 17, 2018
South America
South America’s “Made in USA” Growing Crises. Economic Destabilization of Brazil, Argentina and Venezuela By Dr. Jack Rasmus, September 16, 2018
The Currency War Will Escalate as China’s ‘Petro-Yuan’ Challenges the U.S. Military-Backed ‘Petro-Dollar’ By Timothy Alexander Guzman, September 16, 2018
Central Banks
Central Banks Have Gone Rogue, Putting Us All at Risk By Ellen Brown, September 15, 2018
Thanks to Obama Bailouts and Trump Tax Cuts, Five Largest US Banks Have Raked in $583 Billion Since 2008 Crash By Jake Johnson, September 13, 2018
The US-Turkey Stand-off in Context: The Weaponisation of Global Finance By Vassilis K. Fouskas and Bulent Gokay, September 13, 2018
Russia’s Pivoting to the Horn of Africa and the Red Sea via Eritrea and the UAE By Andrew Korybko, September 11, 2018
Demeaning Democracy: Turning Doug Ford’s Attack on Toronto into a Movement for Democratic Renewal By Prof. Dennis Pilon, Prof. Roger Keil, Prof. Bryan Evans, and Prof. Greg Albo, September 11, 2018
The Amazon Business Model is A Job Killer: The Shift Towards E-Commerce. Artificial Intelligence (AI) and 31 Million Jobs Destroyed By Dr. Jack Rasmus, September 09, 2018
More Jobs Fictions. Payroll Job Reports and Labor Statistics in America By Dr. Paul Craig Roberts, September 08, 2018
Trump’s Tariffs Might Jumpstart Japan’s “Eurasian Pivot”. Russia-Japan Rapprochement? By Andrew Korybko, September 08, 2018
Why America Needs War By Dr. Jacques R. Pauwels, September 08, 2018
Trade War
China and the United States: Cooperation and Competition Instead of Trade War and Cold War By Roy Morrison, September 07, 2018
Senator Rubio
Senator Rubio’s “Taiwan Allies International Protection and Enhancement Initiative”: How Scared is the U.S. of China’s “Belt and Road”? By Andrew Korybko, September 06, 2018
Controversy Regarding China’s Investments in Africa By Andrew Korybko, September 06, 2018
Global System Collapse: Genes and “Human Nature” Are Not the Cause of “World Chaos” By Prof. John McMurtry, September 06, 2018
The Burning Blaze of Neoliberalism in Brazil By Massoud Nayeri, September 06, 2018
Financial + Technology: Fintech, Hotbed of Offshore Deregulation and Crime By Nick Shaxson, September 05, 2018
Cyber Risks, the Achilles’ Heel of Cashless Economies By William Davis, September 05, 2018
American workers
The Myth of Rising Wages in America By Dr. Jack Rasmus, September 04, 2018
The “Security Crisis” in Cameroon Aims to Destabilize the West-Central African CPEC By Andrew Korybko, September 04, 2018