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.
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.
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.
Car Manufacturers Caught in Crossfire of Trump’s Trade War By Mike "Mish" Shedlock, September 06, 2019
Russia’s Asian Pivot: The Vladivostok-Chennai Maritime Corridor By Andrew Korybko, September 04, 2019
Why No-deal Brexit Is a Battle for the Soul of Our Nation. “Boris Johnson’s Lies Would make Pinocchio Blush” By Prof. John Van Reenen, September 04, 2019
Forget the Russians: It’s the Federal Reserve which is Seeking to Meddle in Our Elections By Rep. Ron Paul, September 04, 2019
US Sanctions Threats Won’t Stop Russia-Africa Security Cooperation By Andrew Korybko, September 03, 2019
Trade War
Trump Imposes New Tariffs on China By Nick Beams, September 03, 2019
Another US Great Recession Coming? By Stephen Lendman, September 03, 2019
Is the Fed Preparing to Topple the US Dollar? By F. William Engdahl, September 02, 2019
BRICS Was Created as a Tool of Attack: Lula By Pepe Escobar and Luiz Inácio Lula da Silva, September 02, 2019
Amazon, after Greenland? By Lorenzo Carrasco, September 02, 2019
The Key to a Sustainable Economy Is 5,000 Years Old By Ellen Brown, August 31, 2019
The Pentagon’s Map of Afghanistan: An Eldorado of Mineral Wealth and Natural Resources By Nikolai Malishevski, August 31, 2019
Neoliberal Globalization: Is There an Alternative to Plundering the Earth? By Prof. Claudia von Werlhof, August 31, 2019
America’s Economic Dark Side. Widening Social Inequality, Rising Poverty and Joblessness By Stephen Lendman, August 31, 2019
Reality Check: Bank of England Governor Criticizes the Petrodollar! By Cheikh Amma Diop, August 30, 2019
“Shadow Statistics”: US Government’s Fudging the Numbers on Unemployment, GDP and Inflation By Bryant Brown, August 28, 2019
India’s Shadow Banking Crisis Is Intensifying By Kavaljit Singh, August 28, 2019
Taunting the Dragon: Background to US-China Trade War and Hong Kong Protests By Makia Freeman, August 27, 2019
A Critical Threshold Has Just Been Crossed, and Things Will Never be the Same Again… By Michael Snyder, August 26, 2019
Trump Escalates Trade War with China. Orders Corporate America to Stop Doing Business with China. Beijing Will Retaliate By Stephen Lendman, August 26, 2019
Beijing Launches Plans for Shenzhen to Become World Hub, in Apparent Bid to Replace Hong Kong By Nicole Hao, August 26, 2019
Trump’s Other Wall. “The Wall of Money”. Towards a Global Currency War? By Dr. Jack Rasmus, August 26, 2019
Trump Escalates Economic Confrontation with China By Andre Damon, August 26, 2019
US Sanctions: A Weapon of War by Other Means By Stephen Lendman, August 26, 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 25, 2019
Prior to 9/11: US Covert Support to Al Qaeda in Macedonia, “Financing Both Sides” By Prof Michel Chossudovsky, August 25, 2019
World Watching the Fate of Iranian Tanker By Prof. Vijay Prashad, August 23, 2019
Trump Regime Threatens Illegal Sanctions on Nations Legally Buying Iranian Oil By Stephen Lendman, August 23, 2019
Despite Devastating Crashes, Boeing Stocks Fly High By Andrew Cockburn, August 22, 2019
The Beidaihe Political Summit: Is the “Chinese Dream” Still Viable? China’s Debt Crisis By Tom Clifford, August 22, 2019
What’s Russia Up to in the Iranian Port of Chabahar? The North-South Transport Corridor (NSTC) By Andrew Korybko, August 22, 2019
What Globalism Did Was to Transfer the US Economy to China By Dr. Paul Craig Roberts, August 21, 2019
History: US Encroachment Encouraged Japan To Support Hitler and Mussolini By Shane Quinn, August 21, 2019
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
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