Global Economy

This all began with the subprime financial crisis in summer of 2007, when some US mega-banks were teetering on the edge of bankruptcy. Indeed, they had created a new type of financial products, the so-called mortgage-and debt-backed securities (MBS) and other asset-backed paper (ABCP), which were bundles of risky debt and were sold as new esoteric securities.
The surprise collapse of a small Inner-Mongolia Chinese bank, Baoshang, has suddenly focused attention on the fragility of the world’s largest and largely opaque banking system. The timing is very bad, as China struggles with a sharp domestic economic slowdown.
For Washington, the U.S. dollar is leverage, a financial weapon to dominate the world economy, to impose its foreign policy agendas and to secure a steady flow of natural resources over sovereign countries who use the currency.
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.
Solidarity in Crisis, Justice for Greece By WeMove.EU, March 10, 2019
A Well-Kept Open Secret: Washington Is Behind India’s Brutal Demonetization Project By Norbert Haering, March 10, 2019
Monsanto, Bayer, Cargill and India’s Prime Minister Modi: Doing Business or Corporate Imperialism? By Colin Todhunter, March 10, 2019
Neoliberalism and “The Vietnam Model”. Who Won the Vietnam War? By Prof Michel Chossudovsky, March 09, 2019
Pakistan: The Global Pivot State By Andrew Korybko, March 09, 2019
The Next Currency Crisis, When? Impacts on the Prices of Gold and Silver By Chris Marcus, March 09, 2019
The Pentagon’s Missing Trillions. What You Need to Know By James Corbett and Mark Skidmore, March 09, 2019
Rebranding Made in China 2025? Ongoing US-China Trade War By Stephen Lendman, March 06, 2019
A Way Out of the Money Trap By Philip A Farruggio, March 06, 2019
Elite Banking at Your Expense: How Secretive Tax Havens Are Used to Steal Your Money By Robert J. Burrowes, March 06, 2019
City of London: The Shocking Study No Mainstream Media Outlet Dared to Publish By Robert Woodward, March 06, 2019
Is Neoliberalism Killing Russia? By Dr. Paul Craig Roberts and Prof Michael Hudson, March 02, 2019
Can the Left Look to Portugal for an Alternative to Austerity? By Asad Ismi, March 01, 2019
China Sees Some Light in the Failure of the Hanoi Summit By Tom Clifford, March 01, 2019
Financial Imperialism – The Case of Venezuela By Dr. Jack Rasmus, February 28, 2019
Varoufakis’s Secret Negotiations and His Disappointments with China, Obama and the IMF By Eric Toussaint, February 27, 2019
The $32 Trillion Push to Disrupt the Entire Oil Industry By Dr. Cyril Widdershoven, February 27, 2019
Video: Russia Slides Towards Internal Political Crisis By South Front, February 27, 2019
The Current State of the Swedish Submarine Industry By Jose Morales, February 26, 2019
The “New NAFTA” and Agribusiness’ Secretive Plans to Unravel Food Safety and Worker Protections By Sharon Anglin Treat, February 26, 2019
Federal Reserve “Tightening” and Crumbling Economic “Fundamentals” Expose the Recovery Lie By Brandon Smith, February 25, 2019
The Bull Market and Today’s Financial Crisis. “The Great Crash of 1929”. Will History Repeat Itself? By Bryant Brown, February 25, 2019
The Prison Industry in the United States: Big Business or a New Form of Slavery? By Vicky Peláez, February 24, 2019
Canada’s Corrupt Corporations: World Bank’s Corrupt Companies Blacklist, Dominated By Canada By Global Research News, February 24, 2019
Political Correctness and the Immigration Debate By Nauman Sadiq, February 23, 2019
Turning Screws: China’s Australian Coal Ban By Dr. Binoy Kampmark, February 23, 2019
War with China? It’s Already Under Way By Michael Klare, February 22, 2019
Andrew Jackson
Quantitative Easing (QE) Forever: The Fed’s Dramatic About-face By Ellen Brown, February 22, 2019
Dollar Dominance and the Third World By Enzo Calandra, February 21, 2019
Trump and the World Economy By Leo Panitch and Martin Thomas, February 21, 2019
Big Economic Questions of the Day: Trump Tax Cuts, Economic Growth, Inflation. Monetary Policy. Undocumented Immigrants By Dr. Jack Rasmus, February 21, 2019
Citi May Liquidate over $1 Billion in Venezuela Gold within Weeks By Zero Hedge, February 18, 2019
“A History of the Global Economy”: Indian Holocaust and Genocide Ignored By Gideon Polya, February 18, 2019
Iranian
ICJ Rules Iran’s Legal Bid to Recover $2bn Frozen in US Can Proceed By Press TV, February 15, 2019
The Great GOP Tax Cut Heist a Year Later: Federal Deficit Ballooning to More than a Trillion Dollars Annually By Stephen Lendman, February 13, 2019
The Matamoros Strike: With López Obrador In, Mexican Workers Have the Confidence to Walk Out By David Bacon, February 10, 2019
Is Debt China’s Achilles Heel? The Belt and Road Initiative (BRI) and the Internal Debt Trap By F. William Engdahl, February 10, 2019
Killing the Public Banking Revolution in Venezuela By Ellen Brown, February 10, 2019
Economics: A Retrospective Book Review By Bryant Brown, February 08, 2019
Saving the Earth or Saving Capitalism? The Inconvenient Truth Behind Today’s Youth Climate Campaigns By Michael Welch and Cory Morningstar, February 03, 2019
ISTEX: The New EU Financial Mechanism for Trade with Iran: Bypassing the Dollar? By Stephen Lendman, February 02, 2019
China-US Trade Negotiations Approach Final Phase By Dr. Jack Rasmus, February 02, 2019
Iran
Will Iran Sanctions Herald the Fall of the Imperial Dollar? By Medea Benjamin and Nicolas J. S. Davies, February 02, 2019
New Oil Sanctions on Venezuela: “Would Destroy What’s Left of Its Economy” By Mark Weisbrot and The Real News Network, February 02, 2019
Bank of England Tears Up Its Gold Custody Contract with Venezuela’s Central Bank By Ronan Manly, February 02, 2019
Davos – A Family Reunion of People Who Broke the World By True Publica, February 02, 2019
How Orientalism Created the Charade of ‘Benevolent’ Imperialism? By Nauman Sadiq, February 02, 2019
Dishonesty, Omissions and Lies in Reporting on the Venezuelan Economic Crisis By Jón Karl Stefánsson, February 01, 2019
France, Germany, UK Launch a New ‘Non-Dollar’ Mechanism to Trade with Iran, but Will it Work? By Patrick Henningsen, February 01, 2019
From Global Poverty to Exclusion and Despair: Reversing the Tide of War and Globalization By Prof Michel Chossudovsky, February 01, 2019
Understand the Globalization of Poverty and the New World Order By Prof Michel Chossudovsky, February 01, 2019
Bank of England Urged to Hand Over Venezuela’s Gold to Guaidó By Zero Hedge, January 29, 2019
Venezuela’s High Inflation Is the Country’s Achilles’ Heel – Especially in Times of Crisis By Adam Garrie, January 29, 2019
Bank of England Refused to Return $1.2bn in Gold to Venezuela – Reports By RT News, January 28, 2019
Why Germany Leads in Renewables: It Has Its Own Green Bank By Ellen Brown, January 27, 2019
Europe’s Debt Crisis: Challenges for the Left, Confronting the Creditors By Eric Toussaint and Le Vent Se Lève, January 24, 2019
60 Years of Tropical Socialism. Assessment of the Cuban Revolution By Marc Vandepitte, January 23, 2019
Global Economy on the Brink as Davos Crowd Parties On By Dr. Jack Rasmus, January 23, 2019
Markets Good, Public Bad: The False Promises of Market Populism By Ingo Schmidt, January 22, 2019
Trump’s “Real Trade War”: Subverting China’s Technological Advance By Dr. Jack Rasmus, January 22, 2019
“Globalization is the Demise of Humanity”: Towards an “Economy of Peace” with an Alternative Monetary System By Peter Koenig, January 20, 2019
Malaysia’s 1MDB Financial Scandal: Stolen Money Must Not Place Culprits Above the Law By Sarawak Report, January 18, 2019
Russia’s Interest in Pakistani Power Projects Could Portend CPEC Investments By Andrew Korybko, January 17, 2019
China and India in Central Asia: Competition or Convergence? By Andrew Korybko, January 17, 2019
Uniting for a “Green New Deal” By Margaret Flowers and Kevin Zeese, January 15, 2019
Weaken the Business Model of Banknotes Forgeries: New Security Strategies By William Harrison, January 15, 2019
Gilets Jaunes in 2019: French Democracy Dead or Alive? By Diana Johnstone, January 12, 2019
“Great Dollar Dump”: Russia Shifts $100bn of Its Reserves into Yuan, Yen and Euro By RT News, January 10, 2019
Trump’s Déjà Vu China Trade War By Dr. Jack Rasmus, January 10, 2019
US Snatches Chinese Executive – Sets Dangerous Precedent. “Trying to Provoke, Humiliate China” By Tony Cartalucci, January 09, 2019
Jair Bolsonaro
President Trump’s Losing Strategy: Embracing Bolsonoro’s Brazil and Confronting China By Prof. James Petras, January 09, 2019
What Are We Working For? The Economic System is a Labyrinthine Trap By Edward Curtin, January 08, 2019
The Doctrine of Odious Debt. Break the Taboo on Odious Debts and Their Repudiation By Eric Toussaint and Le Vent Se Lève, January 08, 2019
NAFTA Renewed. Now What? By Prof. Sam Gindin, January 07, 2019
Addressing Urban Pollution, Reversing Climate Change: Electric Vehicles and Hydrogen Powered Cars By Roy Morrison, January 06, 2019
Global Research News Hour: Global Economy, Geo-Politics, Militarization. The Most Significant Stories of 2018, Projections for 2019 By Michael Welch, Rick Rozoff, Andy Lee Roth, Dr. Jack Rasmus, and Dmitry Orlov, January 05, 2019
Biting into Apple: The Giant’s Revenues Fall By Dr. Binoy Kampmark, January 05, 2019
Everything Is Plunging: Stocks, Yields, Dollar Tumble as ISM, Apple Panic Spreads By Zero Hedge, January 04, 2019
capitalism
On the Origins and Legacies of Really Existing Capitalism: In Conversation with Prof. Kari Polanyi Levitt By Kari Polanyi Levitt and Andrew M. Fischer, January 03, 2019
China’s Long Term Trade and Currency Goals: The Belt and Road Initiative By John A. Mathews, January 02, 2019