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.
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
Video: How the US Makes Countries Pay for Its Wars: Economics of American Imperialism with Michael Hudson By Prof Michael Hudson, Ben Norton, and Max Blumenthal, April 30, 2020
The Myth of V-Shape US Economic Recovery By Dr. Jack Rasmus, April 29, 2020
Round Two of the “Paycheck Protection Program”: Another Disaster for US Small Businesses and Their Employees By Barry Grey, April 29, 2020
The Use and Abuse of Modern Monetary Theory (MMT) By Prof Michael Hudson, Dirk Bezemer, and et al., April 28, 2020
The COVID-19 “Economic Holocaust” … Bankrupting the Nation. “The Shut-In Economy” By Richard Gale and Dr. Gary Null, April 28, 2020
The U.S. Wants to “Purchase” Greenland from Denmark By Andrew Korybko, April 28, 2020
COVID-19, We Are Now Living the “Lock Step Scenario” By Peter Koenig, April 27, 2020
Saudi Arabia: What Happens When the Oil Stops By David Hearst, April 27, 2020
The Gates Foundation and the “War on Cash”: ‘Financial Inclusion’ in an Age of Neoliberalism By Colin Todhunter, April 26, 2020
Video: Sweden: Europe’s Lockdown Exception By France 24 and Dr. Gary G. Kohls, April 25, 2020
A Matter of Life and Debt: UN Agency Proposes Global Debt Deal to Prevent Health Pandemic Spreading Economic Disaster Across the Developing World By UNCTAD, April 25, 2020
Death Panel Ezekiel: “No Choice” but Mass Poverty and Death By Kurt Nimmo, April 25, 2020
Why Has the Price of Crude Oil Skydived? By Azhar Azam, April 24, 2020
Immense Economic Damage of Pandemic: Worldwide Economic Collapse Reveals Failure of “Global Capitalism” By Dr. Leon Tressell, April 24, 2020
Economic Collapse Far More Serious Than COVID-19 Contagion By Stephen Lendman, April 24, 2020
Coronavirus: “Severe Economic Storms”. Possible Scenarios By Marc Vandepitte, April 23, 2020
Merchants of Death: Multibillion-dollar Bailout for Arms Industry Amid Rising COVID-19 Toll By Bill Van Auken, April 23, 2020
China
India’s Selective Embrace of Economic Nationalism Has Anti-Chinese Motivations By Andrew Korybko, April 23, 2020
When Oil Markets Go Viral By Adam Hanieh, April 23, 2020
Coronavirus Lockdown and What You Are Not Being Told. Understanding Mainstream Media Disinformation By Iain Davis, April 22, 2020
“Mask Diplomacy” Might Not be Enough to Save Turkey from Financial Crisis By Paul Antonopoulos, April 22, 2020
Cancellation Wave Continues, China Leasing Firm Scraps Boeing 737 MAX Order By Zero Hedge, April 22, 2020
The Economic War with Russia and China. The Economic and Geopolitical Impacts of the COV-19 Lockdown By Dr. T. P. Wilkinson, April 21, 2020
Closedown vs. No Closedown By Dr. Paul Craig Roberts, April 21, 2020
Latvia Wanted to Bridge EU with Russia but Is Now in Economic Trouble By Paul Antonopoulos, April 21, 2020
Unprecedented: “Oil Prices Can Go Negative” By Stephen Lendman, April 21, 2020
What If the Lockdown Was All a Big Mistake? By Rep. Ron Paul, April 21, 2020
Coronavirus Capitalism: Entrenching Dispossession and Dependency By Colin Todhunter, April 21, 2020
As US Shale Oil Plunges, Trump Admin Takes Aim at Venezuela By Whitney Webb, April 21, 2020
Finance Versus the People in the Era of the Pandemic By Prof Prabhat Patnaik, April 21, 2020
COVID-19: The Economic and Social Impact on Ocean Islands By Kester Kenn Klomegah, April 21, 2020
When Your Bank Goes Bust…Run! Or… By Brett Redmayne-Titley, April 21, 2020
The Agribusiness Model Is Failing By F. William Engdahl, April 21, 2020
What Will You Do if They Try to Extend Coronavirus Lockdowns into Next Year? By Michael Snyder, April 20, 2020
Donald Trump’s Governor Problem: Debates on Opening Up the Economy By Dr. Binoy Kampmark, April 20, 2020
Sweden Is Right. The Economy Should be Left Open By Mike Whitney, April 20, 2020
Are We Brewing a New Feudalism? The Economy is Being Destroyed By Dr. Paul Craig Roberts, April 20, 2020
A Universal Basic Income Is Essential and Will Work By Ellen Brown, April 20, 2020
Why Did Hundreds Of CEOs Resign Just Before The World Started Going Absolutely Crazy? By Michael Snyder, April 19, 2020
Trump’s Best Ever Economy Craters By Stephen Lendman, April 19, 2020
Opening Up America, States to Decide on Current COVID-19 Restrictions By Stephen Lendman, April 17, 2020
“World War C” Presents a Host of Challenges for Central Asia By Andrew Korybko, April 16, 2020
Coronavirus Pandemic Has Shown that Mediterranean Europe Does Not Need THE EU By Paul Antonopoulos, April 16, 2020
“Something Has Gone Wrong”: UK Government, Banks Screw Up Coronavirus Loans, Small Firms Near Collapse. Better Results in Other Countries By Nick Corbishley, April 16, 2020
The Russia-Saudi Oil-Price War Is a Fraud and a Farce By Mike Whitney, April 16, 2020
Are American Cities on the Path to Bankruptcy? By Jose Nino, April 16, 2020
Rod Rosenstein
Is Putin Laying a Petroleum Trap for Trump? By Scott Ritter, April 15, 2020
Coronavirus and the Coming Financial Revolution By Michael Kern, April 15, 2020
COVID-19 as a Weapon. The Crushing of the Disposable Working Class – by Design By Cory Morningstar, April 15, 2020
IMF Projects Global Economy in 2020 to Contract by a Mere 3%. Is this a Joke? By Peter Koenig, April 15, 2020
‘Can I Keep You Safe? Your Future Is Uncertain’: Climate and the Fate of Humanity By Media Lens, April 14, 2020
Geostrategic Factors: Will China Wins “World War C” By Andrew Korybko, April 14, 2020
COVID-19 and the War on Cash: What Is Behind the Push for a Cashless Society? By John W. Whitehead, April 14, 2020
Understanding Great Recessions. The Dynamics of Epic Recession By Dr. Jack Rasmus, April 13, 2020
Alberta Government Turns Hard to the Right- Making the Most of a Crisis By David DePoe, April 13, 2020
The COVID-19 Lockdown: Devastating Economic and Social Consequences. Trump Wants the Economy Reopened by May 1st By Stephen Lendman, April 13, 2020
Post-Republic “Weimar America”, Here We Come! Virus Hysteria Adds $10 Trillion to the National Debt By Mike Whitney, April 12, 2020
One World Governance and the Council on Foreign Relations.“We Shall have World Government… by Conquest or Consent.” By Joachim Hagopian, April 12, 2020
Total System Failure Will Give Rise to New Economy? By Pepe Escobar, April 11, 2020
Jesus of Nazareth. Time for Reflection and Understanding By Philip A Farruggio, April 11, 2020
Who Profits from the Pandemic? By Pepe Escobar, April 09, 2020
End the Shutdown; It’s Time for Resurrection! By Rep. Ron Paul, April 08, 2020
More People Died of Suicide Last Week in Tennessee Than COVID-19 By Mac Slavo, April 08, 2020
Latin America
Corporate Buybacks Artificially Inflated Stock Prices to Bubble Levels By Stephen Lendman, April 08, 2020
They Told Us So. “This Was Not a Strike out of the Blue”. Towards A New World Order… By Jim Miles, April 08, 2020
Coronavirus Being Used to Scare You Away from Using Cash By Nick Hankoff, April 07, 2020
Bread Lines in the US By Stephen Lendman, April 07, 2020
COVID19 – Can Britain Avert the Coming Catastrophe By True Publica, April 07, 2020
Corona Pandemic: The Perfect Scapegoat for the Financial and ‘Everything Bubble’ Market Crash: The Great Depression 2.0 By Sianny Rooney, April 06, 2020
Was the Federal Reserve Just Nationalized? By Ellen Brown, April 06, 2020
COVID-19 Depression: Trump Needs a War By Kurt Nimmo, April 05, 2020
The Contradictions of American Warfare: Good Karma, Bad Karma… Always Karma By Philip A Farruggio, April 03, 2020
Can “Coronavirus Diplomacy” Bring the European Union (EU) Closer to Eurasia? By Paul Antonopoulos, April 03, 2020
US Unemployment to Exceed 40% by End of April? By Stephen Lendman, April 03, 2020