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.
The price of gold is notoriously unstable. US financial institutions can act against Russia and China without actually possessing physical gold. They are able to influence the gold and forex markets through various speculative instruments including naked short-selling.
At the height of a US trade war against China, not to mention what Beijing considers an act of provocation by the US Navy in the Taiwan Straits, the Renminbi is indelibly under attack. For the People’s Bank of China to faithfully follow IMF guidelines is tantamount to abiding by the Washington Consensus.
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.
Trump Threatens WTO Exit By Peter Koenig and Press TV, August 31, 2018
America’s “War on Terrorism” and The Globalization of Poverty: Michel Chossudovsky By Global Research, August 30, 2018
A New Space Race for a New Cold War By Andrew Korybko, August 30, 2018
Pressured by Washington, Credit Suisse Freezes $5 Billion of Russian Money: A Recipe for Accelerated De-Linking From the Dollar Economy? By Peter Koenig, August 30, 2018
Exposing the Giants: The Global Power Elite. Prof. Peter Phillips By Robert J. Burrowes, August 30, 2018
Trump Threatens to Axe WTO – What Now for No-Deal Brexit By True Publica, August 30, 2018
Germany’s Request to Partner with the Three Seas Initiative Is a Win for Poland By Andrew Korybko, August 29, 2018
Economic War on Iran Is War on Eurasia Integration By Pepe Escobar, August 29, 2018
Abominable New US/Mexico Trade Deal By Stephen Lendman, August 28, 2018
Russia Is Buying Gold: Will It Save Russia From Dollar Sanctions? End of Dollar Hegemony? By Peter Koenig and Sputnik, August 28, 2018
Iran Asks UN Court to Lift US Sanctions ‘Besieging’ Its Economy By Middle East Eye, August 28, 2018
Iran and Saudi Arabia’s “Deep State” Factions Are Striking Back By Andrew Korybko, August 28, 2018
Turkey Now, America Later? By Rep. Ron Paul, August 28, 2018
Trade Wars: Is There an Off-Ramp? Towards a Global Catastrophe? By Askiah Adam, August 25, 2018
Who are the Architects of Economic Collapse? By Prof Michel Chossudovsky, August 24, 2018
China’s Strategic Interests in Central America: El Salvador Breaks Off with Taiwan By Andrew Korybko, August 24, 2018
China’s Belt and Road Initiative (BRI). Beijing’s Alternative Idea of Globalization By Prof. Fabio Massimo Parenti, August 24, 2018
What Is Financial Imperialism? Looting Greece By Dr. Jack Rasmus, August 24, 2018
How China’s Mobile Payment Ecosystems Are Making Banks Obsolete By Ellen Brown, August 24, 2018
The Genoa Morandi Bridge Tragedy: The Western Media Unchained Against Italy. The Campaign to Declare Italy a “Failed State” has already Begun By Umberto Pascali, August 23, 2018
Samir Amin on Centre, Periphery and the World Economy: An Appreciation of His Original Insights By Peter Lawrence, August 23, 2018
Weaponizing the US Dollar Is Accelerating Global De-Dollarization By Federico Pieraccini, August 23, 2018
Is the 50-year Gold Mining Bear Market Coming to an End? By Hubert Moolman, August 22, 2018
Germany Calls for Global Payment System Independent of the US By Zero Hedge, August 22, 2018
“Economic Genocide” of the Greek Nation By Dr. Paul Craig Roberts, August 22, 2018
Protectionism Abroad and Socialism at Home By Rep. Ron Paul, August 21, 2018
Trump’s Threat of New Tariffs on Chinese Imports By Peter Koenig and Press TV, August 21, 2018
Ideology in Mainstream Economics – How It Works By Dr. Jack Rasmus, August 21, 2018
Gold, Silver and the Monetary Base: Could Silver Replace the Dollar? By Hubert Moolman, August 20, 2018
Amidst Turkish Crisis Indian Rupee Falls to All-time Low By Deepal Jayasekera, August 20, 2018
Russia Triples Gold Reserves in Preparation for Full-Scale Economic War with the U.S. Dollar By Jay Syrmopoulos, August 19, 2018
Turkish Diplomats Get a Front-row View of Lira Crisis at Ankara Conference By Ece Goksedef, August 19, 2018
Gold Leaving US Vaults: Signs of Upcoming Currency War and Armed Conflict. Turkey Repatriates its Gold By Peter Korzun, August 19, 2018
Turkey’s Financial Crisis Raises Questions About China’s Debt-driven Development Model By James M. Dorsey, August 19, 2018
Pakistan at a Crossroads as Imran Khan Is Sworn In By James M. Dorsey, August 18, 2018
Sanctions, Sanctions, Sanctions – The Final Demise of Dollar Hegemony? By Peter Koenig, August 18, 2018
Can US Sanctions Suffocate Russia in the Arctic? By Alex Richardson, August 17, 2018
Turkey Ready for War, Says Erdogan, US Involved in Financial Warfare against Turkey By Global Research News, August 16, 2018
America’s Infowar against China’s Belt and Road Initiative (OBOR) By Andrew Korybko, August 16, 2018
Destabilizing Impacts of US Policies. The End of the US Unipolar Moment Is Irreversible By Federico Pieraccini, August 15, 2018
Financial Fragility and Currency Markets. What’s Going on with Turkey? By Dr. Jack Rasmus, August 15, 2018
Samir Amin: The Workings of Contemporary Capitalism: It Is Imperative to Reconstruct the Internationale of Workers and Peoples By Samir Amin, August 14, 2018
World Acclaimed Marxist Thinker Samir Amin Dies By Mohammed Saad, August 14, 2018
Bayer Shares Crash Most on Record After Monsanto Cancer Trial Loss By Zero Hedge, August 14, 2018
World Markets Brace for Impact of Turkish Lira Crisis By Nick Beams, August 13, 2018
To Hell with US Jobs, Let’s Get Iran! By Eric Margolis, August 13, 2018
Russia Finance Minister: We May Abandon Dollar in Oil Trade as It Is Becoming “Too Risky” By Zero Hedge, August 13, 2018
The Self-Imposed Impotence of the Russian and Chinese Governments By Dr. Paul Craig Roberts, August 12, 2018
The Demise of Global Britain. “The Expected Economic Crash” By Graham Vanbergen, August 11, 2018
Washington Has Lured the EU into An Anti-China Trade Front By F. William Engdahl, August 11, 2018
Giants: The Global Power Elite By Peter Phillips, August 11, 2018
Saudi Arabia and Iran Woo Incoming Pakistani Prime Minister By James M. Dorsey, August 10, 2018
Economic Warfare: New Trump Regime Sanctions on Russia By Stephen Lendman, August 10, 2018
BRICS Leaders Are Reinforcing, Not Replacing, the Global System of Power By Prof. Patrick Bond, August 10, 2018
Economic Warfare against Russia: Moscow Condemns New “Draconian” Sanctions, Weighs Banning Rocket Engines to US By Zero Hedge, August 10, 2018
Layoffs and Closures. Trump’s Trade War Is Killing Jobs in America By Eric Boehm, August 09, 2018
Capitalism vs. Freedom By Chris Wright, August 09, 2018
Depositors – Not Taxpayers – Will Take the Hit for the Next ‘2008’ Crash Because Major Banks May Use the ‘Bail-In’ System By Barbara G. Ellis, Ph.D., August 08, 2018
Brexit: Britain to Get on Her Knees Before the Gods of Extreme Capitalism By Graham Vanbergen, August 08, 2018
New US Sanctions on Iran – and Their Impact By Peter Koenig and Press TV, August 07, 2018
Venezuela’s Monetary Revolution Vis-à-vis Economic Sanctions By Nino Pagliccia, August 07, 2018
“Naya Pakistan”: New Pakistan Should Apply to Join the Eurasian Development Bank By Andrew Korybko, August 06, 2018
Coffee and the “Shock Doctrine” in Puerto Rico By John Vandermeer and Ivette Perfecto, August 06, 2018
Trillion Dollar Companies: The Apple Empire and Concentrated Markets By Dr. Binoy Kampmark, August 05, 2018
Dictatorship of the “Free” Market By Mark Taliano, August 05, 2018
Why West Fears ‘Made in China: 2025’ By F. William Engdahl, August 05, 2018
Americans Live in a World of Economic Lies By Dr. Paul Craig Roberts, August 04, 2018
Two Knockout Blows to US Imperialism: De-Dollarization and Hypersonic Weapons By Federico Pieraccini, August 04, 2018
The Super-Rich and the Rabbit Hole of Military Spending. The Two 500 lb. Gorillas in the Room By Philip A Farruggio, August 04, 2018
BRICS Summit Held in South Africa While U.S. Trade War Escalates By Abayomi Azikiwe, August 02, 2018
The Subservient Role of Governments. How Economics Changed to Work against Us By Bryant Brown, July 31, 2018
Pakistan and China’s Belt and Road By Andrew Korybko, July 31, 2018
Near-Lowest Ever US Corporate Taxes: Great Wealth Transfer Heist from Ordinary Americans to Corporate Billionaires By Stephen Lendman, July 30, 2018
Russia Is Preparing for a “Perfect Storm” in the Global Economy By Aleksandr Rodgers, July 29, 2018
Brexit’s Epicentre: London’s Financial Services Sector and Its Place in the UK Economy By Prof. Sarah Hall, July 29, 2018
Who’s Going to Buy All the Bonds?! Russia Has Sold Its US Treasury Holdings, China Has Warned About Withdrawing, What’s Happening in the Gold Market? By Chris Marcus, July 28, 2018
BRICS Bank Fails to Live Up to Hype By Thulebona Mhlanga, July 26, 2018
Warfare Tools
Trump Marches Onward and Downward By Prof. James Petras, July 26, 2018
Strategy and Conscience: Subverting Elite Power So We End Human Violence By Robert J. Burrowes, July 25, 2018
America’s Largest Creditor: Will China End U.S. Trade War with a “Debt Reset”, by Dumping U.S. Treasury Holdings? By Chris Marcus, July 25, 2018