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.
The Bigger Picture Is Hiding Behind a Virus By Jonathan Cook, April 03, 2020
Why Did Russia Just Halt Domestic Gold Purchases? By Zero Hedge, April 03, 2020
New York Fed December 2019 Plans to Throw $2.93 Trillion at Wall Street’s Trading Houses By Pam Martens and Russ Martens, April 03, 2020
Ground Control to Planet Lockdown: This Is Only a Test By Pepe Escobar, April 03, 2020
10 Signs the U.S. Is Heading for a Depression By Mike Whitney, April 03, 2020
China Rolls Out the Health Silk Road By Pepe Escobar, April 03, 2020
Who are the Narco-Terrorists: George H. Walker Bush: The Bush Family and the Mexican Drug Cartel By Prof Michel Chossudovsky, April 02, 2020
The Post-Coronavirus World Will be Far Worse Than the Pre-Coronavirus World By Eric Zuesse, April 01, 2020
Universal Basic Income and COVID-19 Bailout By Ellen Brown and Philip A Farruggio, April 01, 2020
Trump Asks Putin for Help in Oil War By Mike Whitney, April 01, 2020
More Will Die from the Response to COVID-19 Than From the Virus By Kevin Ryan, April 01, 2020
Amnesty Slams Trump for Classifying Gun Stores as ‘Essential Businesses’ During Pandemic By Julia Conley, April 01, 2020
International Labour Network: They Are at War… Against Us! By International Labour Network of Solidarity and Struggles, April 01, 2020
On “Market Solutions” to the Covid-19 Crisis By Dr. Jack Rasmus, April 01, 2020
A Coup to Stop a Revolution: The Virus: Taking the Whole World Hostage By K V Ramani, March 31, 2020
White House: Hand-outs for the Rich Guys, No More Help for Ordinary Americans in Need By Stephen Lendman, March 31, 2020
Warnings of Economic Depression By Stephen Lendman, March 31, 2020
Will Coronavirus End the Fed? By Rep. Ron Paul, March 31, 2020
Fool Me Once… By Philip A Farruggio, March 31, 2020
The Virus of Sanctions: Flattening the Curve By George Capaccio, March 31, 2020
Canadian Crude Selling for “Roughly the Same Price as a Big Mac” By Abizaid N. Alqassier, March 31, 2020
German Minister Commits Suicide After ‘Virus Crisis Worries’ By Euractiv, March 31, 2020
Brits Unite Against Coronavirus; but How Long Will the Solidarity Last? By Johanna Ross, March 31, 2020
COVID-19 Lockdown: A Global Human Experiment By Vigilant Citizen, March 30, 2020
Handout or Bailout? Transferring Trillions to the Super-Rich. “Crumbs” for US Households By Stephen Lendman, March 30, 2020
Murphy Organizes Senate Effort to Call for Ease of US Sanctions Hindering Response to COVID-19 By US Senator Chris Murphy of Connecticut, March 30, 2020
US ‘Granting Waivers’ to Release Iranian Assets for Coronavirus Fight: Iranian Sources By Rohollah Faghihi, March 30, 2020
Putin Says ‘the Rich Must Pay’ for the Coronavirus By Mike Whitney, March 30, 2020
Coronavirus Shutdown and the Worldwide Corporate Debt Crisis By Christian Parenti and Dante Dallavalle, March 30, 2020
The Decade of Transformation Is Here: Remaking the Economy for the People By Kevin Zeese and Margaret Flowers, March 30, 2020
Corona Pandemic: Oligarchs and Politicians Do Not Let a Crisis Go to Waste By Adeyinka Makinde, March 29, 2020
Covid-19 Hysteria Vs. Your Actual (Very Low) Chance of Dying By Ulson Gunnar, March 29, 2020
COVID-19: Martial Law, Digital Currency, and World Government By Kurt Nimmo, March 29, 2020
Why Is the U.S. So Exceptionally Vulnerable to Covid-19? By Nicolas J. S. Davies, March 27, 2020
COVID-19 Puts Capitalism on a Ventilator. No More Bank and Corporate Bailouts! By Prof. Anthony A. Gabb, March 27, 2020
The Senate’s Coronavirus Relief Package Must be Stopped! By Mike Whitney, March 27, 2020
Bernie Sanders Voted for Corporate Bailout Bill. “Hand Outs” to Big Money, Crumbs for Ordinary Americans By Stephen Lendman, March 27, 2020
The Coronavirus Aid, Relief, and Economic Security, CARES Act Is Business Giveaway, “Handout” to Monied Interests By Stephen Lendman, March 26, 2020
Trump’s Idiocy Just Condemned His Citizens — The Rest of Earth Must Practise ‘Social Distancing’ from the US By Morning Star, March 26, 2020
US Stimulus Plan: What’s Needed or Way Short? By Stephen Lendman, March 26, 2020
A Brady Bond Solution for America’s Economic Crisis and Unpayable Corporate Debt By Dr. Paul Craig Roberts and Prof Michael Hudson, March 26, 2020
Our Leaders Are Terrified. Not of the Virus – of Us. By Jonathan Cook, March 26, 2020
US Senate’s Final Stimulus Bill – Why It Won’t be Enough By Dr. Jack Rasmus, March 25, 2020
Latin America
Depression USA: Dueling Dems and Republicans “Stimulus Plans” and Fed Shenanigans By Stephen Lendman, March 25, 2020
The 2020 Great Recession 2.0 –Or Worse! By Dr. Jack Rasmus, March 24, 2020
Time to Rein in the Potent Virus Called “The Super Rich” By Philip A Farruggio, March 24, 2020
A Debt Jubilee Is the Only Way to Avoid a Depression By Prof Michael Hudson, March 24, 2020
China Braces for Further Economic Shockwaves By Stephen Lendman, March 23, 2020
Everything Accomplished During the Great Depression to Make Capitalism Workable Has Been Taken Away Resulting in Economic Crisis that Only Debt Forgiveness Can Mitigate By Dr. Paul Craig Roberts, March 23, 2020
COVID-19: A US Scheme for Greater Consolidation of Wealth and Power? By Stephen Lendman, March 23, 2020
Welcome to Sweatshop Amerika! By Mike Whitney, March 23, 2020
In Times of Crisis, How to Prevent an Economic Meltdown and Avoid Privatizing Profits and Socializing Losses By Prof Rodrigue Tremblay, March 23, 2020
COVID-19: Trump Companies Fall, Hundreds Lose Jobs By Telesur, March 23, 2020
While Dumping Their Stocks, US Senators Misled the Public on Coronavirus Crisis By Jacob Crosse, March 23, 2020
IMF Rejects Venezuela COVID-19 Emergency Fund Appeal By Ricardo Vaz, March 23, 2020
Worst Financial Crisis since 1929: The Fed’s $1.5 Trillion Stimulus Bill. Long Term Solutions By Ellen Brown, March 22, 2020
US Senators Dump Stocks with COVID-19 “Inside Information” By Stephen Lendman, March 22, 2020
The IMF Abandons Venezuelans to the Threat of the COVID-19 Pandemic on a Political Decision By Nino Pagliccia, March 22, 2020
The Coronavirus, Fear, and Elitist Driven Market Insanity By William J Murray, March 20, 2020
The Fed Reopens Its Landfill for Distressed Assets By Mike Whitney, March 20, 2020
Global Depression Arrives, Only Its Depth and Duration Unknown By Stephen Lendman, March 20, 2020
‘A Tale of Three Crises: Comparing 1929 with 2008 and 2020’ By Dr. Jack Rasmus, March 20, 2020
US Economic Relief Measure Enacted, Much More Needed By Stephen Lendman, March 20, 2020
Crisis of Capitalism? Two Missing “Black Swan” Events By Marwan Salamah, March 19, 2020
Will China’s Economy be Revived After the COVID-19 Pandemic? By Tom Clifford, March 19, 2020
Boeing Seeks “A Minimum $60 Billion” Govt Bailout After Fully Drawing-Down $13Bn Credit Line By Zero Hedge, March 18, 2020
Today We’re All Irish: Debt Serfdom Comes to America By Ellen Brown, March 18, 2020
We’re in a Recession, and It’s Likely to Get Worse By Kevin Zeese and Margaret Flowers, March 17, 2020
Global Economy Heads for Major Recession as Central Banks Increase Emergency Measures to Prevent Collapse of the Financial System By Dr. Leon Tressell, March 17, 2020
Uncharted Troubled Economic Waters. Global Recession, Fear-mongering and the COVID-19 “Trigger Mechanism” By Stephen Lendman, March 16, 2020
9 Things You Should Know About the 2020 Stock Market Crash By Mike Whitney, March 16, 2020
COVID-19: Is the United States Committing Economic Suicide? By Michael Zitterman, March 16, 2020
Wall street
The Fed’s Latest Welfare Payout to the Crooked Wall Street Banks By Mike Whitney, March 15, 2020
Coronavirus COVID-19: “Made in China” or “Made in America”? By Prof Michel Chossudovsky, March 14, 2020
Markets Screaming Global Recession By Stephen Lendman, March 13, 2020
China Steadily Continues to Promote Influence on the African Continent By Lucas Leiroz de Almeida, March 12, 2020
The US Federal Reserve’s Baffling Response to the Coronavirus Explained By Ellen Brown, March 12, 2020
Covid-19 “Is a Significant Economic Threat” By UNCTAD, March 12, 2020
Coronavirus Offerings and Job Losses: University Reliance on China Bites By Dr. Binoy Kampmark, March 11, 2020
70,000 Demand ‘Corporate Courts’ Kept Out of Post-Brexit Trade Deals By Global Justice Now, March 11, 2020