Global Economy

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.
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.
Global Debt Disaster with No Escape. Under the “New Normal”, Poor Countries Worldwide are Heading for a Catastrophe By Michael Roberts, October 27, 2020
US Implements New Measure Against Sending Remittances to Cuba By Telesur, October 27, 2020
The New Tyranny Few Even Recognize. The Digital Dollar and the Fed’s Big Money Power Grab By Charles Hugh Smith, October 27, 2020
China Is “Not Interested in War, but in Trade and Development, Both Internal and with Foreign Partners.”: Pepe Escobar By Pepe Escobar and Steven Sahiounie, October 27, 2020
Capitalism Is Double-billing Us: We Pay from Our Wallets Only for Our Future to be Stolen from Us By Jonathan Cook, October 26, 2020
Freedom of Choice: the European Court of Justice Wants to Keep Cash By William Davis, October 25, 2020
Will the Next Head of the WTO Impose a Gates-Davos “Great Reset” Agenda? By F. William Engdahl, October 25, 2020
COVID-19 as a Weapon. The Crushing of the Disposable Working Class – by Design By Cory Morningstar, October 25, 2020
Economic Colapse
Coronavirus: Corporate Plunder and Hope for Political Change By Michael Welch, Prof Michel Chossudovsky, and Radhika Desai, October 24, 2020
US 2020 Economic Collapse a Bonanza for Billionaires By Stephen Lendman, October 23, 2020
Gold and Crypto: Is this How Charts Look Before a Monetary Collapse? By Hubert Moolman, October 23, 2020
Critical Increase in the National Debt Triggered by Covid Crisis. By Justinas Baltrusaitis, October 21, 2020
America’s “Corona 2020 Great Depression”: US Federal Budget Deficit Hits $3.1 Trillion By Prof Michel Chossudovsky, October 20, 2020
Pandemic to Trigger $4 Trillion Loss in Global Real GDP in 2020 By Justinas Baltrusaitis, October 19, 2020
Towards a US-China War? The Creation of a Global Totalitarian System, A “One World Government”? By F. William Engdahl, October 18, 2020
Covid-19: The Great Reset – Revisited. Scary Threats, Rewards for Obedience… By Peter Koenig, October 18, 2020
Will the Mediterranean Sea Save Lebanon from Drowning in Debt? By Steven Sahiounie, October 18, 2020
30 Straight Weeks: Over One Million Jobless US Workers Apply for UI By Stephen Lendman, October 16, 2020
Could Popular Protectionist Policies in France Eventually Lead to “Frexit”? By Paul Antonopoulos, October 15, 2020
Hard Times in the US: The Greatest Depression Unfolding By Stephen Lendman, October 15, 2020
UK Legal Action Launched over Missing £3 Billion Tories Spent on Private Coronavirus Contracts By Joe Mellor, October 14, 2020
Russia and the European Union Looking for Common Business Language By Kester Kenn Klomegah, October 14, 2020
US and France on the Brink of Trade War By Lucas Leiroz de Almeida, October 14, 2020
Billionaire Bonanza 2020: Wealth Windfalls, Tumbling Taxes, and Pandemic Profiteers By Chuck Collins, Omar Ocampo, and Sophia Paslaski, October 12, 2020
Will Confucius Marry Marx? The Quest for Legitimacy in Chinese Politics By Pepe Escobar, October 11, 2020
A Big Move In Silver: Watch The Currency Markets By Hubert Moolman, October 09, 2020
What’s Wrong with Development? The Geopolitics of The Belt and Road Initiative (BRI) By Keith Lamb, October 08, 2020
Trump Halts Talks on New Economic Stimulus By Stephen Lendman, October 07, 2020
IMF and WEF – From Great Lockdown to Great Transformation. The COVID Aftermath By Peter Koenig, October 07, 2020
Trump Scuttles a Fiscal Stimulus–Again! By Dr. Jack Rasmus, October 07, 2020
Some 3,500 U.S. Companies Sue over ‘Unlawful’ Tariffs on Chinese Goods By CGTN, October 07, 2020
Towards a New Gold Standard? Or a Currency War with China? By Peter Koenig, October 06, 2020
Japan’s Economy of the Post-Abe Era. Powerless Fiscal and Monetary Policy By Prof. Joseph H. Chung, October 06, 2020
Combating The Virus: Mass Unemployment is Not the Solution By Prof Michel Chossudovsky, October 05, 2020
No Jobs, So What Future? Half the World’s Workforce on the Edge By Ned Temko, October 04, 2020
Covid Crisis Has Triggered Mass Unemployment in America: Over One Million UI Claims in the US for 28 Straight Weeks By Stephen Lendman, October 03, 2020
China Changes Its Economic Strategy: Strengthens Domestic Consumer Market By Lucas Leiroz de Almeida, October 03, 2020
Fat Cats Private Club
Global War on Humanity: America’s Unceasing Pursuit of Hegemony By Prof Michel Chossudovsky and Michael Welch, October 03, 2020
Gold Is Doing It Again? By Hubert Moolman, October 02, 2020
The Long Overdue Alaska-Canada Railway Takes One Step Closer to Reality By Matthew Ehret-Kump, October 02, 2020
Boeing Moves All 787 Dreamliner Production to South Carolina By Zero Hedge, October 02, 2020
The Insanity of “Sustainability”. Towards “Global Capitalism Painted Green” By Peter Koenig, October 01, 2020
Trump’s Corporate Bailout Spurs $100 Billion Fossil Fuel Borrowing Binge By Public Citizen, October 01, 2020
The Global Semiconductor Market: China Deploys Sun Tzu to Prevail in the Chip War By Pepe Escobar, September 30, 2020
Trump Regime Bans Technology Exports to China’s Leading Chip Maker By Stephen Lendman, September 29, 2020
NYT Publishes 10,000 Word Summary of 20 Years of Trump Tax Returns; President Calls It “Totally Fake News” By Zero Hedge, September 28, 2020
America
Mounting Unemployment in America: Over One Million UI Claims for 27 Straight Weeks, Unprecedented US Economic Collapse By Stephen Lendman, September 25, 2020
China Ramps Up U.S. Crude Oil Imports as Elections Near By Irina Slav, September 25, 2020
Venezuela Launches London Appeal in Battle for $1 Billion in Gold By Reuters, September 24, 2020
US Tells Kenya to Publicly Support Israel or Forget Free Trade Deal By Aggrey Mutambo, September 23, 2020
History. Hyperinflation, Fascism and War: How the New World Order May be Defeated Once More By Matthew Ehret-Kump, September 20, 2020
Rise of Trumpism and Geoeconomic Pivot to China By Nauman Sadiq, September 20, 2020
America
Weekly for Six Months, US Unemployment Claims Exceeded One Million By Stephen Lendman, September 18, 2020
Twilight in the Desert for Saudi Arabia and Crown Prince Mohammed Bin Salman? By F. William Engdahl, September 17, 2020
How Xinjiang “Interferes” with the EU-China Deal By Pepe Escobar, September 16, 2020
Public Debt Is the Real Pandemic: $3.3 Trillion Federal Deficit, Largest in US History …. By Rep. Ron Paul, September 15, 2020
India-Japan “Mutual Naval Logistic Pact”: Directed against China’s Expansion in Africa By Uriel Araujo, September 14, 2020
Can You Name One Company that Has Moved to the UK Because of Brexit? By Jack Peat, September 14, 2020
Washington Regime Ban on China’s TikTok App: A Dumb Move By Eric Sommer, September 11, 2020
Despite Increasing Trade with Chinese Yuan US Dollar Is Likely to Remain the World’s Biggest Currency Reserve By Paul Antonopoulos, September 11, 2020
America’s Current Jobs ‘Great Depression’ By Dr. Jack Rasmus, September 10, 2020
Zimbabwe Ruling Party Says There Is No Crisis in the Country By Abayomi Azikiwe, September 10, 2020
The US Must Grow Up and Respect Iranian Independence By Kevin Zeese and Margaret Flowers, September 08, 2020
Trump Regime to Blacklist China’s Top Chipmaker? By Stephen Lendman, September 07, 2020
The “End of Poverty” Illusion: Global and East Asian Realities in the COVID-19 Pandemic By Prof. Mel Gurtov, September 06, 2020
American workers
Unprecedented US Economic Collapse and Reality Defying Market Bubble By Stephen Lendman, September 05, 2020
Focus: Fears Grow over China’s Possible Massive Sales of U.S. Debt as Weapon By Tomoyuki Tachikawa, September 04, 2020
How an “Act of God” Pandemic Is Destroying the West By Prof Michael Hudson, September 03, 2020
“Humiliation”: Exxon Dumped Out Dow Jones Industrial Index after Nearly 100 Years By Andy Rowell, September 03, 2020
India Implodes Its Own New Silk Road By Pepe Escobar, September 03, 2020
An American Journey: 1635 Arrival to 2020 U.S. Catastrophe By Richard C. Cook, September 01, 2020
Is Russia Backtracking on China’s “Belt and Road” (BRI)? Moscow’s Balancing Act Between China and India By Andrew Korybko, August 31, 2020
Venezuela’s Oil Industry Between Sanctions and Strategic Blunders: A Conversation with Carlos Mendoza Potella By Prof. Carlos Mendoza Potella and Cira Pascual Marquina, August 31, 2020
China’s Project to Create A “Digital Yuan” By Lucas Leiroz de Almeida, August 28, 2020
Global Capitalism, “World Government” and the Corona Crisis By Prof Michel Chossudovsky, August 27, 2020
The China-US Trade Deal, Uncertainty and Instability of the Global Economy By Andrew Korybko, August 26, 2020
China’s Belt and Road (BRI): Investment and Lending Practices in Developing Countries. Is There a “Debt Trap”? By Jemma Nott, August 25, 2020
China: Everything Proceeding According to Plan, Complete Interruption of Relations with US? By Pepe Escobar, August 25, 2020
China and the Decline of US Power By Dr. Chandra Muzaffar, August 24, 2020
The 2020 Covid Global Economic Meltdown: “Political Trickery” and the Relevance of 9/11 By Anthony Hall, August 23, 2020