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.
BRICS and the Fiction of “De-Dollarization” By Prof Michel Chossudovsky, July 24, 2018
The BRICS Summit. A Multipolar World Order? What’s Russia’s Role? By Andrew Korybko, July 24, 2018
A Change to Government Financing. How Economics Changed to Work Against Us By Bryant Brown, July 23, 2018
The Great Dollar Dump: Russia Liquidates US Treasury Holdings By RT News, July 19, 2018
Russia Just Dumped $80 Billion in US Debt By Paul Goncharoff, July 19, 2018
Refiner in China Replacing US Imports with Iranian Crude. Beijing Slaps Tariffs on American Crude Oil By Financial Tribune, July 17, 2018
Giants: The Global Power Elite By Peter Phillips, July 17, 2018
Europe’s Central Bank (ECB) Failures: From 1999 Origins to 2017 By Dr. Jack Rasmus, July 16, 2018
Trump Regime 10% Tariffs on $200 Billion Worth of Chinese Goods By Stephen Lendman, July 13, 2018
History of World War II: Nazi Germany was Financed by the Federal Reserve and the Bank of England By Yuri Rubtsov, July 13, 2018
EU Not Ending Greek Crisis, They End Greece By F. William Engdahl, July 13, 2018
Confronting the Global Power Elite By Thomas H. Greco, Jr., July 13, 2018
Trade War
What’s Behind the Trade War? Lashing Out At Allies, Confronting China By Prof. David Kotz, July 13, 2018
“The True Story of the Bilderberg Group” and What They May Be Planning Now By Stephen Lendman, July 13, 2018
European Powers Prepare to Scrap Dollar in Iran Trade as Disgust with “America First” Policies Mount By Elliott Gabriel, July 12, 2018
In Wake of AMLO Victory, US Media Fear Chavismo and Hope for ‘Business-Friendly’ Change By Gregory Shupak, July 12, 2018
China’s Human Robot Labor Force: The Highest Rate of Surplus Value in the History of Capitalism! By Massoud Nayeri, July 11, 2018
Cocaine, Heroin, Cannabis, Ecstasy: How Big is the Global Drug Trade? By Global Research News, July 08, 2018
Washington’s Latest Myths, Lies and Oil Wars. “A Coherent Strategy to Promote Disruption in Key Oil Flows” By F. William Engdahl, July 08, 2018
Pakistan’s Financial Crisis Puts China’s Belt and Road on the Spot By James M. Dorsey, July 07, 2018
Trump Regime’s Trade War with China Heats Up By Stephen Lendman, July 07, 2018
Iran oil, US sanctions
Iran Looks to Barter Oil as U.S. Sanctions Bite By Tsvetana Paraskova, July 06, 2018
It’s Not Just Trump, China’s Also Making the WTO Irrelevant By Andrew Korybko, July 06, 2018
The Balkanization of South America By Peter Koenig, July 06, 2018
Donald Trump and the U.S. Piggy Bank By Duncan Cameron, July 05, 2018
Poland’s Three Seas initiative. “Via Carpathia” and the North South Corridor from the Arctic to the Mediterranean By Andrew Korybko, July 05, 2018
A Public Bank for Los Angeles? City Council Puts It to the Voters By Ellen Brown, July 05, 2018
Ernst Wolff Pillaging the World English book cover
Pillaging the World. The History and Politics of the IMF By Ernst Wolff, July 04, 2018
The IMF Is Back in Argentina: “An Economic and Social Crisis, Even More Serious Than the Present One, Looms Large on the Horizon” By Eric Toussaint and Sergio Ferrari, July 04, 2018
Don’t Get Too Excited About the Mexican Silk Road By Andrew Korybko, July 03, 2018
U.S. Crushes Europe. EU Corporate Decline By Eric Zuesse, July 03, 2018
The US Can’t Win the Self-imposed Trade War against China By Salman Rafi Sheikh, July 02, 2018
US Sanctions Against Iran Aimed at Regime Change By Peter Symonds, June 30, 2018
The Battle of the Three Seas. Geopolitics of Central and Eastern Europe, US-Russia Confrontation By Andrew Korybko, June 30, 2018
Venezuela – Towards an Economy of Resistance By Peter Koenig, June 29, 2018
Sanctions Bite, and Iran Hasn’t Forgotten By Andrew Korybko, June 28, 2018
The Economic Atom Bombing of Syria By Stephen Gowans, June 28, 2018
Iran’s Chabahar Port Is Where Asian and Middle Eastern Rivalries Collide By James M. Dorsey, June 28, 2018
Moscow-Riyadh: Balancing Out Washington By Andrew Korybko, June 26, 2018
The Destructive Impacts of Corporate Mining in the Philippines: The Tampacan Copper-Gold Mining Project in Mindanao By Dr. Belinda F. Espiritu, June 26, 2018
Neoliberal Globalization: Is There an Alternative to Plundering the Earth? By Prof. Claudia von Werlhof, June 25, 2018
After Tariff Measures Against China, Trump Threatens to Escalate Trade War with Europe By Nick Beams, June 25, 2018
US, China and Ultra-Low Oil Prices By Dr. Dan Steinbock, June 24, 2018
Video: The National Debt Scam By Comprehensive Research, Inc., June 24, 2018
Crisis of the U.S. Dollar System By F. William Engdahl, June 24, 2018
The World Transformed and No One in America Noticed By Martin Sieff, June 23, 2018
US Dollar Sell-Off Continues as Trade Wars Intensify By True Publica, June 22, 2018
The Pacific Alliance, Three Seas Initiative, Continental Free Trade Area, Vision 2030, The Asia-Africa Growth Corridor. Five Underreported Initiatives that Change the World By Andrew Korybko, June 21, 2018
China Is Centralizing Its Levers of Control Over the Congo By Andrew Korybko, June 21, 2018
The “Thirdworldization” of America: Defunding and Privatization, Draconian GOP FY 2019 Budget Proposal By Stephen Lendman, June 20, 2018
Washington’s ‘Pivot to Asia’: A Debacle Unfolding By Prof. James Petras, June 20, 2018
Donald Trump And The Power Of Money By Peter Koenig, June 20, 2018
Trump Further Escalates Trade War with China By Stephen Lendman, June 19, 2018
Real and Fake Threats to U.S. Vital Interests By Philip Giraldi, June 18, 2018
Eurasian Economic Union: Steady Progress Towards Eurasian Integration By Dmitry Bokarev, June 18, 2018
China Retaliates Against US-Imposed Tariffs By Stephen Lendman, June 18, 2018
Trudeau’s Troubles: Pipelines, Tariffs, and the Wrath of Trump By Michael Welch, David Hughes, David Orchard, and John Helmer, June 18, 2018
From G7 to SCO Summit, U.S. Swagger Falls Flat By Sara Flounders, June 17, 2018
The SCO and G7 Meetings Point to Different Worlds By James ONeill, June 17, 2018
Trump Wants to Free America from “Fool Trade” and Flip the Tables on the EU By Andrew Korybko, June 17, 2018
Trump Approves $50 Billion in Tariffs on Chinese Goods By Stephen Lendman, June 16, 2018
Europe Faces Crossroads as Atlantic System Crumbles By F. William Engdahl, June 16, 2018
Financial Crisis: “Mother of All Credit Bubbles”: Who’s Listening? By Nancy Spannaus, June 14, 2018
Video: The USA and the EU Quarrel, But Remain United Against Russia and China By Manlio Dinucci, June 14, 2018
Peace Is “Bad for Business”: Defence Stocks Plummet After Trump-Kim Summit By Jake Johnson, June 14, 2018
The Real Economic Numbers: 21.5 Percent Unemployment, 10 Percent Inflation and Negative Economic Growth By Michael Snyder, June 14, 2018
Canada’s Parliament Rejects Trump’s Agenda on Trade By Jim Miles, June 12, 2018
After Trumps Solar Panel Tariffs – $2.5 Billion in Renewable Energy Projects Shelved By True Publica, June 12, 2018
As the G-7 Implodes, SCO Meeting Confirms the New Century of Multipolarity By Federico Pieraccini, June 12, 2018
The Geostrategy that Guides Trump’s Foreign Policies By Eric Zuesse, June 11, 2018
Trade and Protectionism: Is Trump Trying to Destroy the Western Alliance? By Stephen Lendman, June 11, 2018
G7 vs. G6+1 – The War of Words By Peter Koenig and Press TV, June 11, 2018
G7 Summit, Working People and Trumped-up “Peace” By Massoud Nayeri, June 11, 2018
In China the SCO Is Conducting a Productive and Civilised Summit While the G7 Is One Big Argument Inside a Political Circus By Adam Garrie, June 11, 2018
The Next US President Will “Save Europe” from “Russia’s Secret Plot”? By Oriental Review, June 10, 2018
America’s Economy Has been Hijacked: Righting the Wrongs By Philip A Farruggio, June 10, 2018
A Better Idea than Russia Returning to the G7 By Stephen Lendman, June 09, 2018
From Global Poverty to Exclusion and Despair: Reversing the Tide of War and Globalization By Prof Michel Chossudovsky, June 08, 2018
“We Cannot Defy the US”: EU Oil Refiners Fold to Trump, Will Stop Buying Iran Crude By Zero Hedge, June 07, 2018
US Trade War with the European Union By Peter Koenig and Press TV, June 07, 2018