Global Economy

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.
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.
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.
Bank of England Secret Bail Out of Big Business – Over £100bn Committed in Three Weeks By True Publica, May 11, 2020
Democratic Governor and UAW Collude with Auto Bosses to Force Return to Work in Michigan By Jessica Goldstein, May 11, 2020
China Forges Ahead Through Chaos and US Threats By Pepe Escobar, May 10, 2020
The Fed’s Historic Gamble: Pre-Bailing Out the Banking System By Dr. Jack Rasmus, May 10, 2020
The COVID-19 Crisis Has Already Left Too Many Children Hungry in America By Lauren Bauer, May 08, 2020
Mass Joblessness Deepens in US as Corporations Move to Implement Permanent Layoffs. 40.6 Million Unemployed By Shannon Jones, May 08, 2020
Economics and the Pandemic: ‘Where’s the Money Coming From? Where’s the Money Going To? By Bryant Brown, May 08, 2020
What Future for American High School and University-College Graduates? Grim US “Class of 2020” Job Prospects By Stephen Lendman, May 08, 2020
Mao Zedong
Beijing May Dump US Treasuries in Response to US Hostility, Start Its Own QE: Chinese Media By Zero Hedge, May 08, 2020
Get Ready for the Next Game-Changer: China’s Digital Yuan, “Backed By Gold”? By Pepe Escobar, May 07, 2020
Reopening the United States Economy: Myths and Realities By Abayomi Azikiwe, May 07, 2020
Africa, IMF Conditionality and the COVID-19 Pandemic By Abayomi Azikiwe, May 07, 2020
Initial Reflections on ‘Debt Jubilee’, Modern Money Theory (MMT) and the Limits of Monetary Policy By Dr. Jack Rasmus, May 07, 2020
Ethiopia
Debt Cancellation for the World to Survive: Ethiopian PM Abiy Ahmed By Lawrence Freeman, May 06, 2020
EU Loses $27 Billion in Corporate Tax a Year to UK, Switzerland, Luxembourg and Netherlands By True Publica, May 06, 2020
Video: How Bill Gates Monopolized Global Health. James Corbett Documentary By James Corbett, May 06, 2020
The Federal Reserve: More Lethal Than Coronavirus By Rep. Ron Paul, May 05, 2020
Economic Cataclysm: Politicians Have Destroyed Markets and Ignored Human Rights with Alarming Enthusiasm By Finn Andreen, May 05, 2020
COVID-19 Vs the Economy – The Trouble Britain Now Finds Itself in By True Publica, May 04, 2020
Coronavirus and Saudi Arabia’s “Soft Power”. Will This Year’s Hajj be Cancelled? “Pilgrims bring in Billions of Dollars…” By Mohammad Reza Mohammadi, May 04, 2020
America’s Super-Rich See Their Wealth Rise by $282 Billion in Three Weeks of Pandemic By Alan MacLeod, May 04, 2020
Crushing the States, Saving the Banks: The Fed’s Generous New Rules By Ellen Brown, May 04, 2020
If We Want to Return to Normal, We Have to Fix the Policy By Mike Whitney, May 04, 2020
Fear and Loathing of the COVID-19 Economy By Kurt Nimmo, May 03, 2020
Reopening in Words Only? By Dr. Paul Craig Roberts, May 03, 2020
Shutting Down an Entire Economy. Weighing up the Threat From the Virus and the Threat From the Reaction By Rob Slane, May 03, 2020
Why Sweden Has Already Won the Debate on COVID ‘Lockdown’ Policy By Patrick Henningsen, May 03, 2020
Why Sweden Succeeded While Others Failed By Mike Whitney, May 03, 2020
“Food Supply Chain Is Breaking”: Tyson Foods By Zero Hedge, May 01, 2020
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
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