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.
It’s Crunch Time for China’s Central American Strategy By Andrew Korybko, May 06, 2019
How Accurate Are the April Jobs Numbers? By Dr. Jack Rasmus, May 06, 2019
19 Facts About Current US Economic Performance: I Dare You to Tell Me the Economy Is “Booming” By Michael Snyder, May 05, 2019
China-Laos Economic Relations. The Broader Strategic Implications By Andrew Korybko, May 03, 2019
What If Iran Retaliates and Shuts Down the Strait of Hormuz? By Scott Ritter, May 03, 2019
South Africa: The Odious Debts Generated by Coal-fired Power Stations By Eric Toussaint, May 03, 2019
Does America Have an Economy or Any Sense of Reality? By Dr. Paul Craig Roberts, May 03, 2019
How Trump Policies Exacerbate Income Inequality in America By Dr. Jack Rasmus and Fars News Agency, May 01, 2019
The China Pakistan Economic Corridor (CPEC) Is the Perfect Opportunity for Pakistan to Pivot to Africa By Andrew Korybko, May 01, 2019
China’s Belt and Road Initiative: Towards a Just World? By Dr. Chandra Muzaffar, May 01, 2019
The Apparent Surge in America’s Rate of Economic Growth (GDP): The Facts Behind the Hype By Dr. Jack Rasmus, April 30, 2019
The Complete History of Monsanto, “The World’s Most Evil Corporation” By E Hanzai, April 29, 2019
Where the Silk Roads Meet the Mighty Mekong By Pepe Escobar, April 29, 2019
$220,000 for Every Man, Woman and Child – America Is Now 72 Trillion Dollars in Debt By Michael Snyder, April 26, 2019
Belt and Road Forum in Beijing and How Western ‘Reports’ Are Smearing China By Andre Vltchek, April 25, 2019
Is this a “Game Changer” for Lithium? Strategic Battery Metal Known as “White Petroleum” By Charles Kennedy, April 25, 2019
Planning Can Save the Planet: China Chooses Renewable Energy By Sara Flounders, April 24, 2019
Iranian
US Sanctions Got India to Ditch Iran, Will Washington Get It to Ditch Russia Too? By Andrew Korybko, April 24, 2019
Iran Not Backing Down: IRGC Navy Vows to Block US Ships from Important Waterway By Telesur, April 23, 2019
IMF Hands $4.2 Billion in Loans for Ecuador for Julian Assange By Martin Armstrong, April 22, 2019
Trump’s Dangerous Game: New Blockade of Iran Could Skyrocket Oil Prices Across the World By Telesur, April 22, 2019
Russia-China-Pakistan Economic and Strategic Relations: Russia’s Ambassador To China Strongly Hinted At Moscow’s Interest In N-CPEC+ By Andrew Korybko, April 20, 2019
Trump Declares Economic War on Cuba By The Conversation, April 19, 2019
Reaction of the Rich to the Notre Dame Fire Teaches Us a Lot about the World We Live In By Carl Kinsella, April 18, 2019
The Spoils of War: Afghanistan’s Multibillion Dollar Heroin Trade By Prof Michel Chossudovsky, April 16, 2019
Brexit – The Truth About the Economy and What’s Next By True Publica, April 15, 2019
Trump Whacks the Middle Class By Dr. Jack Rasmus, April 15, 2019
US Threatens Venezuela at UNSC as IMF Freezes Funds By Ricardo Vaz, April 15, 2019
Major Revelation: Assange Was Bought for $4.2 Billion – Former Ecuadorian President Confirms IMF Loan In Exchange For Assange By Paul Antonopoulos, April 14, 2019
Another Example of How a Trade Deal with America Will Harm British People By True Publica, April 14, 2019
Despite a $ 22 Trillion National Debt, America Is on a Military Spending Spree. 800 Overseas US Military Bases By Masud Wadan, April 10, 2019
Even Saudi Arabia Threatens to Ditch Dollar for Oil Trade over US Bullying Policies By Telesur, April 09, 2019
NATO at 70: Global Enforcers of Western Imperialism By Michael Welch, Mahdi Darius Nazemroaya, and Andre Vltchek, April 07, 2019
Saudis Threaten to Ditch Petrodollar as “Nuclear Option” to Block NOPEC Bill By Zero Hedge, April 05, 2019
Ontario: Debunking the Conservative Party Policy of Ford and Scheer By Paul Kahnert, April 04, 2019
Why Is the Fed Paying So Much Interest to Banks? By Ellen Brown, April 04, 2019
Belt and Road Initiative in Full Swing in Europe By Federico Pieraccini, April 03, 2019
The Financial Transaction Tax (FTT) By Kavaljit Singh, April 02, 2019
China’s President Xi Jinping in Italy: It’s the Maritime Ports! By F. William Engdahl, April 02, 2019
An Ecological Future and the Pursuit of Justice: The Key Challenge of Our Times By Roy Morrison, April 01, 2019
Venezuela’s Oil Production Plummets in February Due to New US Sanctions By Dan Beeton, April 01, 2019
China – and Macron’s U-Turn By Peter Koenig, March 31, 2019
Cyclone Idai Causes Devastation Compounding Economic Challenges in the Southern Africa Region By Abayomi Azikiwe, March 31, 2019
Xi’s Visit Sets Tone for China-EU Relations By Liu Caiyu and Yang Sheng, March 30, 2019
Workers’ Rights and Canada’s Auto Industry: GM Oshawa: Lowered Expectations, Unexplored Opportunities By Prof. Sam Gindin, March 30, 2019
The BRICS New Development Bank: Corruption-riddled Development Finance By Prof. Patrick Bond, March 30, 2019
Pentagon Audit: Evidence Proving $21 Trillion Unaccounted For – Opening Statement By David DeGraw, March 29, 2019
Trump vs. Powell: How Independent Really Is the Fed? By Dr. Jack Rasmus, March 29, 2019
US Red Lines for Digital Trade with the UK Cause Alarm By Javier Ruiz, March 26, 2019
Brazil’s Bolsonaro Auctions 12 Airports to Private Operators By Telesur, March 24, 2019
China-Africa Cooperation under the Belt and Road Initiative (BRI): Africa Sees the Way Forward By Wang Linggui, March 23, 2019
UK’s National Debt Romps Passed £2 Trillion and No One Noticed By True Publica, March 23, 2019
Interest Rates and the US Economy. The Capitulation of Federal Reserve Chairman Jerome Powell By Dr. Jack Rasmus, March 23, 2019
Weaponizing the World Bank and the IMF By Peter Koenig and Press TV, March 23, 2019
Bridge Between Developed, Developing Worlds. China’s Status in the Global Economy By Xu Xiujun, March 23, 2019
U.S. on the Hunt for Iranian “Ghost Tankers”. Targeting Vessels Transporting Iranian Crude Oil By Irina Slav, March 22, 2019
China’s Belt and Road Initiative (BRI): Global Value Chains Need to be Built By Zhang Zhongyuan, March 22, 2019
Media Blackout as Israel’s Largest Banks Pay over $1 Billion in Fines for US Tax Evasion Schemes By Whitney Webb, March 22, 2019
Will Grounding of Boeing’s 737 MAX 8 Planes Affect US-China Trade Relations? Russia’s Competing Aircraft Irkut MC-21 By Stephen Lendman, March 21, 2019
Andrew Jackson
Monetary Policy Takes Center Stage: MMT, QE or Public Banks? By Ellen Brown, March 21, 2019
Alexander Hamilton and the Origins of the Federal Reserve By Dr. Jack Rasmus, March 21, 2019
Stealing Venezuela’s Assets: US-based Citigroup to Sell Venezuela’s Gold “Placed as Collateral” By South Front, March 21, 2019
China-US Relations: From Trade War to Hot War? By Dr. Leon Tressell, March 20, 2019
Gold Fever? US Treasury Sanctions Venezuela Gold Mining Company By Telesur, March 20, 2019
EU Dilemma: How to Deal with China By Pepe Escobar, March 20, 2019
Trump’s FY2020 Budget Request Bloats Militarized Spending—and Slashes Actual Human Needs By Lindsay Koshgarian and Ashik Siddique, March 18, 2019
Quantitative Easing and Universal Basic Income By Ellen Brown and Philip A Farruggio, March 17, 2019
Today We’re All Irish: Debt Serfdom Comes to America By Ellen Brown, March 17, 2019
Pentagon Spent $4.6 Million on Lobster Tail and Crab in One Month By Joe Setyon, March 15, 2019
The Globalization of War, America’s “Long War” against Humanity by Michel Chossudovsky By Prof Michel Chossudovsky, March 14, 2019
Wealth Concentration Drives a New Global Imperialism By Peter Phillips, March 14, 2019
Trump’s $34 Trillion Deficit and Debt Bomb By Dr. Jack Rasmus, March 14, 2019
SNC Lavalin the Corporate Face of “Ugly Canadian” By Yves Engler, March 13, 2019
Venezuela: Suspend Debt Repayments and Create an Emergency Humanitarian Fund By Eric Toussaint, March 13, 2019
Pity the Nation: War Spending Is Bankrupting America By John W. Whitehead, March 13, 2019
Trade War
China-US Trade War: Trump Threatens China After Multiple Rounds of Negotiations. By Stephen Lendman, March 12, 2019
Commander of US Central Command (CENTCOM) “Concerned” about China’s “Belt and Road” (BRI) By Andrew Korybko, March 12, 2019
The Belt and Road Initiative: Chinese Agribusiness Going Global By Grain, March 12, 2019
Brexit: One Industry, One City = One £Trillion – Gone By True Publica, March 12, 2019
Washington Is Waging a New Dimension War Against China – And Will Lose Out Bitterly By Peter Koenig, March 12, 2019