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.
President Xi’s Trip to Nepal Will Unlock New Strategic Opportunities By Andrew Korybko, October 13, 2019
Ecuador: Brutal Economic Policies, The IMF “Economic Package” (“Paquetazo”) By CADTM, October 12, 2019
IMF Hands $4.2 Billion in Loans for Ecuador for Julian Assange By Martin Armstrong, October 12, 2019
China Will Shake the Whole World: About Farmers and Artificial Intelligence By Marc Vandepitte and Ng Sauw Tjhoi, October 11, 2019
Financial Turmoil? Another Brexit Blow as Britain’s ‘Global Data Hub’ Is Exposed By True Publica, October 11, 2019
Popular Outrage Against Ecuador’s President Moreno. Deadly Wave of IMF Economic Reforms By Stephen Lendman, October 09, 2019
Adobe Cancels All User Accounts in Venezuela to Comply with Trump Order By Jon Brodkin, October 09, 2019
Trade War
Trump Regime Escalates Economic War on China By Stephen Lendman, October 08, 2019
China-U.S. Relations: From Trade War to Hot War? By Dr. Leon Tressell, October 08, 2019
Is China “Buying Brazil”? Has President Bolsonaro Changed His Aggressive Anti-China Stance? By Paul Antonopoulos, October 08, 2019
US-China Telecom Warfare: Myanmar Turns to China’s Huawei Despite US Pressure By Joseph Thomas, October 08, 2019
A Blow to US… China to Invest $280bn in Iran Sectors Targeted by Sanctions By Middle East Monitor, October 07, 2019
Let’s Have a Financial Crisis: First, We Need a Central Bank By Larry Romanoff, October 07, 2019
The New “Water Barons”: Wall Street Mega-Banks are Buying up the World’s Water By Jo-Shing Yang, October 05, 2019
As Global Economy Weakens, Trump Escalates Trade War By Stephen Lendman, October 04, 2019
Russia’s Largest Oil Company Ditches Dollar in New Oil Deals By Tsvetana Paraskova, October 04, 2019
Iran Is China’s Secret Weapon for Killing off the US Dollar’s Global Reserve Status By Federico Pieraccini, October 04, 2019
The Eurasian Economic Union’s Expansion Is Encouraging, but Don’t Get Too Excited By Andrew Korybko, October 04, 2019
India’s Wrong, the China-Pakistan Economic Corridor Isn’t ‘Illegal’ By Andrew Korybko, October 03, 2019
Money to Burn By Global Witness, October 03, 2019
Financial Services Industry Slowly Abandons Britain Ahead of Brexit By True Publica, October 03, 2019
Nobel Prizes: Why is there One in Economics? Rewarding Neoliberal Flawed Theories By Bryant Brown, October 02, 2019
The African Great Game: Russia Playing the Catchup, The Role of China By George Nyongesa and Kester Kenn Klomegah, September 30, 2019
October 1, 1949: China’s Miracle – as seen by the Official China Itself By Jan Oberg, September 30, 2019
Cuba versus “The Blockade”. Losses and Damages Over Six Decades By Ana Laura Palomino García and Milagros Pichardo Pérez, September 30, 2019
The ‘Hong Kong Human Rights & Democracy Act’ Will Intensify the Hybrid War on China By Andrew Korybko, September 30, 2019
Millions March against Climate Change, Capitalism and War By Bryan Dyne and Will Morrow, September 28, 2019
145,000 Tons of Indian Oil at Risk after US Blacklists Chinese Shipping Companies By Great Game India, September 27, 2019
Challenges to US Hegemony: America Will Remain the World’s Strongest Nation for Years to Come? By Shane Quinn, September 27, 2019
Will China’s Belt and Road (BRI) Diplomacy Facilitate a Rapprochement Between Myanmar and Bangladesh? By Andrew Korybko, September 26, 2019
Boris Johnson Tells “Big Business” What a Post-Brexit Deal Really Means for Them By Graham Vanbergen, September 24, 2019
Banking on the People: Democratizing Money in the Digital Age By Bryant Brown, September 23, 2019
Thomas Cook Collapse: First Major Brexit Casualty? By Johanna Ross, September 23, 2019
Take the General Motors Oshawa Plant, “Save the Planet” By Russ Christianson, September 22, 2019
Here Is How China-US Trade War Impacts Iran By Salman Rafi Sheikh, September 19, 2019
Desperate Central Bankers Grab for More Power By Ellen Brown, September 19, 2019
Will the US Farming Crisis Determine the Next President? By F. William Engdahl, September 17, 2019
Canada’s Auto Workers: GM Closure and the Struggle for “Green Energy”. The Production of Electric Utility Vehicles By Linda McQuaig, September 16, 2019
The Real Brexit Plan – The Singapore Scenario By True Publica, September 16, 2019
Will the IMF, the Federal Reserve, Negative Interest Rates and Digital Money Kill the Western Economy? By Peter Koenig, September 14, 2019
Argentina Returns to Capital Controls By Kavaljit Singh, September 12, 2019
Weakening U.S. Shale Productivity “Very Bullish” for Oil Prices By Nick Cunningham, September 12, 2019
Are India and Japan Challenging the Belt and Road Initiative (BRI) in Russia’s Far East? By Paul Antonopoulos, September 12, 2019
The Globalization of War, America’s “Long War” against Humanity by Michel Chossudovsky By Prof Michel Chossudovsky, September 12, 2019
Debt-Entrapping: The US Student Loan Racket By Stephen Lendman, September 12, 2019
Iran Together with a “Club of Countries Subjected to Sanctions”, in Solidarity Against US “Economic Terrorism” By Peter Koenig and Press TV, September 12, 2019
How Israel Steals Palestine’s Offshore Oil and Gas Revenues. Outright Theft. Billions of Dollars Stolen By UNCTAD, September 11, 2019
China’s Perspective: Economic Growth over Military Spending By Tom Clifford, September 11, 2019
Why Wages Are Lower, Inflation Higher, and GDP Over-Stated By Dr. Jack Rasmus, September 10, 2019
Trump Hits Lebanon Bank with His Favorite Econo-Political Battering Ram By Marwa Osman, September 09, 2019
Gold Price Suffers Biggest Fall in Six Years By Frik Els, September 09, 2019
Will China Invest in Iran’s Transport and Industrial Infrastructure? There are Reasons to be Skeptical By Andrew Korybko, September 08, 2019
No-deal Brexit Warnings Report – A ‘Social Catastrophe’ Awaits Us, “A Slow Train of Economic Chaos” By True Publica, September 08, 2019
The US Economic War on France By Terje Maloy, September 08, 2019
Financial Warfare: Mastercard Blocks Two Venezuelan Banks as Inflation Rises By Ricardo Vaz and Lucas Koerner, September 08, 2019
UK House of Lords Members Block No-Deal Brexit By Stephen Lendman, September 07, 2019
China’s Challenge to American Power? By Shane Quinn, September 06, 2019
Welcome to the Indo-Russia Maritime Silk Road By Pepe Escobar, September 06, 2019
Car Manufacturers Caught in Crossfire of Trump’s Trade War By Mike "Mish" Shedlock, September 06, 2019
Russia’s Asian Pivot: The Vladivostok-Chennai Maritime Corridor By Andrew Korybko, September 04, 2019
Why No-deal Brexit Is a Battle for the Soul of Our Nation. “Boris Johnson’s Lies Would make Pinocchio Blush” By Prof. John Van Reenen, September 04, 2019
Forget the Russians: It’s the Federal Reserve which is Seeking to Meddle in Our Elections By Rep. Ron Paul, September 04, 2019
US Sanctions Threats Won’t Stop Russia-Africa Security Cooperation By Andrew Korybko, September 03, 2019
Trade War
Trump Imposes New Tariffs on China By Nick Beams, September 03, 2019
Another US Great Recession Coming? By Stephen Lendman, September 03, 2019
Is the Fed Preparing to Topple the US Dollar? By F. William Engdahl, September 02, 2019
BRICS Was Created as a Tool of Attack: Lula By Pepe Escobar and Luiz Inácio Lula da Silva, September 02, 2019
Amazon, after Greenland? By Lorenzo Carrasco, September 02, 2019
The Key to a Sustainable Economy Is 5,000 Years Old By Ellen Brown, August 31, 2019
America’s Economic Dark Side. Widening Social Inequality, Rising Poverty and Joblessness By Stephen Lendman, August 31, 2019
Reality Check: Bank of England Governor Criticizes the Petrodollar! By Cheikh Amma Diop, August 30, 2019
“Shadow Statistics”: US Government’s Fudging the Numbers on Unemployment, GDP and Inflation By Bryant Brown, August 28, 2019
India’s Shadow Banking Crisis Is Intensifying By Kavaljit Singh, August 28, 2019
Taunting the Dragon: Background to US-China Trade War and Hong Kong Protests By Makia Freeman, August 27, 2019
A Critical Threshold Has Just Been Crossed, and Things Will Never be the Same Again… By Michael Snyder, August 26, 2019
Trump Escalates Trade War with China. Orders Corporate America to Stop Doing Business with China. Beijing Will Retaliate By Stephen Lendman, August 26, 2019
Beijing Launches Plans for Shenzhen to Become World Hub, in Apparent Bid to Replace Hong Kong By Nicole Hao, August 26, 2019
Trump’s Other Wall. “The Wall of Money”. Towards a Global Currency War? By Dr. Jack Rasmus, August 26, 2019
Trump Escalates Economic Confrontation with China By Andre Damon, August 26, 2019
US Sanctions: A Weapon of War by Other Means By Stephen Lendman, August 26, 2019