Trump’s Trade Policy Agenda: More Liberalization

This gallery contains 1 photo.

By Christoph Scherrer Global Research, June 23, 2017 Socialist Project President Donald Trump has been portrayed as a protectionist. His immediate cancellation of the Trans-Pacific Partnership (TPP) upon assuming the presidency, as well as his support for the border adjustment tax proposed by the Republican leadership in Congress, seems to confirm this portrayal of his […]

Actual Value of Coins Around the World

This gallery contains 1 photo.

By 911Metallurgist Global Research, June 24, 2017 911Metallurgist A pocketful of loose change can feel like a pocketful of treasure. Those shiny gold- and silver-colored coins jangle so nicely when there’s plenty of them in reach. Even if coins mostly represent small amounts of money, it’s easy to imagine them as being much more valuable. […]

Sanctions, What Sanctions? Russian Credit Risk Collapses to 4-Year Lows

This gallery contains 1 photo.

By Tyler Durden Global Research, May 31, 2017 Zero Hedge After more than three years of US sanctions (and almost a year of constant attacks from the western media) Russian credit risk has collapsed to its lowest level since September 2013. As Bloomberg notes, high demand for Russia’s dollar-denominated assets is driving the cost of […]

The 15 Most Heartless Proposals in Trump’s Budget

This gallery contains 1 photo.

Budget Director Mick Mulvaney’s remarks show they aren’t operating in the real world. Not even close. By Steven Rosenfeld May 25, 2017 “Information Clearing House” –   Longtime federal budget experts quickly slammed the White House’s proposed 2018 budget on Tuesday. Its $1.4 trillion in cuts over the next decade would endanger tens of millions of households, especially […]

History: Breaking the Vicious Cycle of Illegitimate Private Debt

This gallery contains 1 photo.

Part I By Eric Toussaint Global Research, April 19, 2017 CADTM 13 April 2017 Throughout human history, private debt has been used by the dominant classes to subjugate, despoil, expropriate, and dispossess the toiling classes (among whom women have always been the hardest-hit victims): small farmers, artisans, fishers, and on up to the salaried workers […]

Globalization and Neoliberal Policies. Are there Alternatives to Plundering the Earth, Making War and Destroying the Planet?

This gallery contains 1 photo.

By Prof. Claudia von Werlhof Global Research, April 17, 2017 Global Research 1 February 2008 This article by renowned author and political scientist Professor Claudia von Werlhof was first published by GR in 2008. Are there alternatives to plundering the earth, making war and destroying the planet This text is based on a panel presentation […]

The Big Bank Fix BBC Documentary 2017

This gallery contains 1 photo.

Documentary Panorama asks if the right people are being blamed for what has been called the biggest financial fix of all time. Piecing together explosive new evidence, which calls into question the safety of other convictions. Panorama reporter Andy Verity reveals that manipulation of the world’s most important interest rate, Libor, was allowed and even […]

Stronger Economic Growth? Over My Dead Body, Says Janet Yellen

This gallery contains 1 photo.

By Mike Whitney March 14, 2017 “Information Clearing House” –  The U.S. economy is weak. Very weak. But the Federal Reserve is planning to raise interest rates anyway. Why? Here’s what’s going on:  According to the Atlanta Fed the US economy is expected to grow at a respectable 2.8 percent for the first quarter of 2017 That’s not […]

Trump’s Economic Policies Are No Answer to Our Problems

This gallery contains 1 photo.

By Marty Hart-Landsberg Global Research, February 20, 2017 Reports from the Economic Front 13 February 2017 President Trump has singled out unfair international trading relationships as a major cause of US worker hardship.  And he has promised to take decisive action to change those relationships by pressuring foreign governments to rework their trade agreements with […]

“Macroeconomic Warfare”: Western Interests Aim To Flummox Russia Through Financial Manipulation, Privatization and Neoliberal Reforms

This gallery contains 1 photo.

By Dr. Paul Craig Roberts and Prof Michael Hudson Global Research, February 14, 2017 Paul Craig Roberts An article by Robert Berke in oilprice.com, which describes itself as “The No. 1 Source for Oil & Energy News,” illustrates how interest groups control outcomes by how they shape policy choices.   Berke’s article reveals how the US […]

Soaring Stock Markets: Wall Street’s Trump Euphoria Propels Dow Above 20,000

This gallery contains 1 photo.

By Barry Grey Global Research, January 27, 2017 World Socialist Web Site 27 January 2017 On Wednesday, Wall Street celebrated the installation of an administration staffed by CEOs and pledged to remove all obstacles to corporate profit-making by pushing the Dow Jones Industrial Average above the 20,000 level for the first time in history. US […]

Demonetization: The Sinister Agenda Behind Washington’s “War On Cash”

This gallery contains 1 photo.

By F. William Engdahl Global Research, January 23, 2017 New Eastern Outlook 21 January 2017 It’s kinda sneaking up on us like an East Texas copperhead pit viper. It began to get some wide attention in 2016, with prominent economists and financial media suddenly talking about the wonderful benefits of a “cashless society.” Then the […]

Shifting from Central Planning to a Decentralised Economy: Do We Need Central Banks?

This gallery contains 1 photo.

By Professor Richard A. Werner Global Research, January 16, 2017 Richard A. Werner 15 January 2016 I. The Central Bank Narrative For more than the past four decades, public policy discourse, especially when touching on macroeconomic and monetary policy, has been dominated by the views held and actively sponsored by the central banks, particularly in Europe […]

Can Trump Fix The Economy In 2017?

This gallery contains 1 photo.

In the West Junk Information And Junk Judgment Prevail By Dr. Paul Craig Roberts Global Research, January 04, 2017 Paul Craig Roberts 3 January 2016 The Western world and that part of the world that partakes of Western explanations live in a fictional world. We see this everywhere we look—in the alleged machinations of Russia […]

The Doctrine of the “Odious Debt”

This gallery contains 1 photo.

From Alexander Sack to the CADTM By Eric Toussaint Global Research, December 19, 2016 CADTM 24 November 2016 Alexander Nahum Sack (Moscow 1890 – New York 1955), a Russian lawyer who taught in Saint Petersburg then in Paris, is considered to be one of the founders of the doctrine of odious debt. The doctrine, based […]

Trump’s Economic Plan: This Isn’t Going to Work

This gallery contains 1 photo.

By Mike Whitney Global Research, December 02, 2016 Counter Punch 25 November 2016 Will Donald Trump be good for the US economy? The American people seem to think so. According to a recent survey taken by Gallup “Americans have relatively high expectations (of) the president-elect… Substantial majorities (upward of 60%) believe the Trump administration will improve the […]

It’s Official: US Government Ends Fiscal Year with $1.4 Trillion Debt Increase

This gallery contains 1 photo.

By Simon Black Global Research, October 04, 2016 Sovereign Man 3 October 2016 It’s official. The United States government closed out the 2016 fiscal year that ended a few days ago on Friday September 30th with a debt level of $19,573,444,713,936.79. That’s an increase of $1,422,827,047,452.46 over last year’s fiscal year close. Incredible. By the […]

Deutsche Bank Plunge Sparks Talk of “Lehman Moment”

This gallery contains 1 photo.

By Nick Beams Global Research, September 27, 2016 World Socialist Web Site 27 September 2016 Shares in Deutsche Bank plunged yesterday in the wake of reports in a German news magazine that Chancellor Angela Merkel had ruled out assistance to the bank following the imposition by the US Department of Justice (DoJ) of a $14 […]

Central Bank Digital Currencies: A Revolution in Banking?

This gallery contains 1 photo.

By Ellen Brown September 18, 2016 “Information Clearing House” – Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies, using the blockchain technology developed for Bitcoin. Skepticalcommentators suspect that their primary goal is […]

The 2008 Financial Meltdown: On This Day Eight Years Ago Lehman Filed For Chapter 11: There Have Been 672 Rate Cuts Since

This gallery contains 1 photo.

By Tyler Durden Global Research, September 15, 2016 Zero Hedge 15 September 2016 Eight years ago the world, and the western financial system changed forever, when the impossible became all too real when Wall Street woke up to news that what until a few days ago was one of the world’s largest investment banks had […]

The Impact of Financial Parasitism. Record US Share Prices amid Economic Slump and Social Decay

This gallery contains 1 photo.

By Barry Grey Global Research, August 15, 2016 World Socialist Web Site 13 August 2016 US stock indexes were mixed on Friday, with the Dow Jones Industrial Average and the Standard & Poor’s 500 index closing slightly lower and the Nasdaq Composite index rising marginally, following their record-breaking performance the day before when all three […]

A Travesty of Financial History: Bank Lobbyists will Applaud

This gallery contains 1 photo.

By Michael Hudson Global Research, July 17, 2016 Counter Punch 15 July 2016 Debt mounts up faster than the means to pay. Yet there is widespread lack of awareness regarding what this debt dynamic implies. From Mesopotamia in the third millennium BC to the modern world, the way in which society has dealt with the […]

The Slow Crash. The Shrinking of the Real Economy

This gallery contains 1 photo.

By Michael Hudson and Bonnie Faulkner Global Research, June 21, 2016 Guns and Butter 8 April 2016 We discuss in detail with Dr. Michael Hudson, the concept of debt deflation; housing, student loan and automobile debt; the oil market; the stock market; negative interest rates; currencies; and the shrinking of the real economy. Most people […]

Debunking the Stubborn Myth that War Is Good for the Economy

This gallery contains 1 photo.

By Washington’s Blog Global Research, June 12, 2016 Washington’s Blog About.com notes: One of the more enduring myths in Western society is that wars are somehow good for the economy. It is vital for policy-makers, economists and the public to have access to a definitive analysis to determine once and for all whether war is good […]

Delivery Default in the Gold and Silver Markets? Something VERY BIG is Afoot!

This gallery contains 1 photo.

So, is a delivery default here and now in June or July? I am sure I will hear “they will never default, they will cash settle”. By Bill Holter Global Research, June 10, 2016 For more than three years we have watched the COMEX very closely. The initial clue to begin watching were the waterfall […]

Something Big That Always Happens Right Before the Official Start of a Recession Has Just Happened

This gallery contains 1 photo.

By Michael Snyder Global Research, June 07, 2016 The Economic Collapse Blog 6 June 2016 What you are about to see is major confirmation that a new economic downturn has already begun.  Last Friday, the government released the worst jobs report in six years, and that has a lot of people really freaked out.  But when […]

Cashing In at the Race Track While Facing Charges of “Abusive” Lending Practices

This gallery contains 1 photo.

By Matt Peppe Global Research, May 25, 2016 Just the Facts 21 May 2016 After dueling through grueling early fractions and holding the lead turning for home, Kentucky Derby winner Nyquist was overpowered in the stretch of the Preakness Stakes Saturday by his rival Exaggerator. Exaggerator would go on to win by four lengths, as […]

The True Magnitude Of The New Home Sales Collapse

This gallery contains 1 photo.

By Tyler Durden Global Research, May 01, 2016 Zero Hedge 30 April 2016 Comparing the growth in the number of full time jobs versus the growth in new home sales starkly illustrates both the horrible quality of the new jobs, and how badly ZIRP has served the US economy. Growth in new home sales has always been […]

Financial instability far from over, says IMF

By Nick Beams 14 April 2016 If the IMF’s World Economic Outlook (WEO) report issued on Tuesday, in which it again revised down its forecasts for global growth, could be accurately described as gloomy, then the Global Financial Stability report issued the following day was even gloomier. Pointing to financial market turbulence in the first two […]

Life Expectancy Gap between US Rich and Poor Widens

This gallery contains 1 photo.

By Jerry White Global Research, April 12, 2016 World Socialist Web Site A study published Monday in the Journal of the American Medical Association(JAMA) provides more evidence that life expectancy in the United States is chiefly determined by economic class. Higher income is the most critical factor in longevity, the study found, with the gap between […]

“Fair Trade” versus “Unequal Trade”. The Markets for Coffee, Bananas and Wheat

This gallery contains 1 photo.

Gavin Fridell interviewed by Arturo Ezquerro-Cañete By Prof. Gavin Fridell and Arturo Ezquerro-Canete Global Research, April 07, 2016 Socialist Project 7 April 2016 Coffee is one of the most valuable commodities exported by the global South (seconded only by oil and illegal drugs), generating billions of dollars in corporate profit each year. And yet, despite […]

Credit Suisse on the Brink of the Abyss

This gallery contains 1 photo.

Traders Run Amok. Lack of Control, Further Losses, $90 Billion of Distressed Debt By FRCS Global Research, April 02, 2016 FRCS 24 March 2016 Credit Suisse’s ability to survive in its present form is threatened by the latest revelations of past mismanagement and dysfunctional trading. Follow our Blog which will carry the latest updates as […]

Assets and Liabilities… And “Debt Saturation”

This gallery contains 1 photo.

By Bill Holter Global Research, March 15, 2016 We live in a world where the difference between assets and liabilities has been blurred. In the old days, an asset was something you “owned” while a liability was something you “owed”. Over the years as everything became securitized, someone else’s liability is now routinely someone’s asset […]

Central Bankers Admit that Central Banks Have Failed to Fix the Economy

This gallery contains 1 photo.

By Washington’s Blog Global Research, March 02, 2016 Washington’s Blog 1 March 2016 Between 2008 and 2015, central banks pretended that they had fixed the economy. In 2016, they’re starting to admit that they haven’t fixed much of anything. The current head of the Bank of England (Mark Carney) said last week: The global economy risks becoming trapped in a […]

Has the Crash of the Global Financial Markets Begun?

This gallery contains 1 photo.

By T Sabri Öncü February 16, 2016 “Information Clearing House” – “EPW” – Even as some insist that the global economy is in “secular stagnation,” the facts suggest that we may be entering the “worst” depression in history. The global markets have been on a slippery slope since the summer of 2007, and things have […]

Stocks Dive as Confidence in Fed Fades

This gallery contains 1 photo.

By Mike Whitney Global Research, February 15, 2016 CounterPunch “Investors are losing confidence in central bank policies. (They) have done all they can do, and these policies may not improve economic growth or may not support financial markets.” — Anthony Valeri, investment strategist at LPL Financial Zero rates and QE have stopped working and that […]

The Return Of Crisis

This gallery contains 1 photo.

Suddenly banks everywhere are in deep, deep trouble By Chris Martenson February 10, 2016 “Information Clearing House” – “Peak Prosperity” –  Financial markets the world over are increasingly chaotic; either retreating or plunging. Our view remains that there’s a gigantic market crash in the coming future — one that has possibly started now. Our reason […]

Negative Interest Rates Aimed at Driving Small Banks Out of Business and Eliminating Cash: Economics Professor

This gallery contains 1 photo.

By Washington’s Blog Global Research, February 10, 2016 Washington’s Blog 9 February 2016 More than one-fifth of the world’s total GDP is in countries which have imposed negative interest rates, including Japan, the EU, Denmark, Switzerland and Sweden. Negative interest rates are spreading worldwide. And yet negative interest rates – supposed to help economies recover – haven’t prevented Japan and […]

Seven Years of Monetary Quackery; Can the Fed Admit it Was Wrong Yet?

This gallery contains 1 photo.

By Mike Whitney January 28, 2016 “Information Clearing House” – “Counterpunch” –  America’s richest investors are betting trillions of dollars that the US economy will stay lousy for years to come. Who are these wealthy investors? Bondholders. And their views on the state of the economy are reflected in the yields on long-term US Treasuries. […]

A Bleak Unemployment Report and even Bleaker Projections

This gallery contains 1 photo.

By Peter Koenig January 20, 2016 “Information Clearing House” – This is a transcript of an interview of Dr. Peter Koenig with PressTV, focussing on the recently released ILO Unemployment Report. The interview is preceded by a brief news summary of the ILO report.  According to AFP, January 19, 2016:  “Global unemployment rose in 2015 and is […]

Black Friday: Collapse of Financial Markets, Poverty and Unemployment

This gallery contains 1 photo.

By Stephen Lendman Global Research, January 17, 2016 Black Friday may be signaling big trouble ahead. What can’t go on forever won’t and never will. Eventually day of reckoning time arrives. Whether now is the moment of truth remains to be seen. Paul Craig Roberts calls the US economy “a house of cards.” Phony government […]