Categories: Economy

The catastrophic events around the California Oroville Dam in recent weeks underscores a far more urgent problem. The American Society of Civil Engineers has just released their quadrennial assessment of United States essential infrastructure–roads, clean water supplies, levees, ports, dams, bridges, electric grid. The report gives the nation a near-failing D+ grade. America is coming […]

Michael Hudson, author of the newly released J is for Junk Economics, says the media and academia use well-crafted euphemisms to conceal how the economy really works. https://www.youtube.com/watch?v=hD-EivBIvJE Transcript Part 2 TheRealNews on Feb 28, 2017 Trump’s infrastructure plan will privatize all the benefits for the financiers and make sure that the population at large gets […]

Dearest and Esteemed People of Greece, You are being slaughtered right in front of the world’s eyes and nobody says beep. Least the Greek elite. Your Government. A few, but a few too many, allow the slaughter because it doesn’t concern them. They are blinded by the false glamour of the euro and of belonging […]

The shift in the global balance of financing power towards Russia, India and China — especially China — is opening up opportunities for Tehran It’s a beautiful late winter morning, the snowy Alborz mountains glittering under the sun, and Professor Mohammad Marandi from the faculty of world studies at the University of Tehran is taking […]

Wall Street hedge fund manager and financial analyst Mitch Feierstein claims that Donald Trump came to power just in time to prevent billionaire George Soros and Bill and Hillary Clinton achieve a Trans Pacific free trade deal hidden from the public. Is There Anything He Doesn’t Fund? Soros Closely Connected to DC Women’s March WASHINGTON […]

In its quest for world domination, which the White House has been pursuing for more than a century, it relied on two primary tools: the US dollar and military might. In order to prevent Washington from establishing complete global hegemony, certain countries have recently been revising their positions towards these two elements by developing alternative […]

In his first few days in office as President, ‘The Donald’ has fired off so many Executive Orders and aggressive tweets that much of the world is dizzy. One policy that’s clearly emerging from the smoke of immigrant ban attempts, XL Keystone pipeline approvals and bellicose threats against Iran, is the Trump team economic agenda, […]

The original source of this article is Guns and Butter Global financial warfare as outlined in professor Chossudovsky’s writings.   Wall Street Behind Brazil Coup d Etat;  The role played by the IMF and World Bank in the economies of debtor nations,  The Real Plan in Brazil,  The imposition of the Washington Consensus;  Loss of national […]

As all the alarm bells ring continuously that the Russian Federation is the cause for the latest cold war, the actual risk for a hot conflict or an intentional brinkmanship of worldwide proportions should focus on the real enemy of humanity. The Brexit campaign was about more than just leaving the European Union. Likewise, the […]

With the topic of infrastructure investing dominating today’s newsflow after the NYT report that Democrats would support Trump if he endorsed their propsed list of some $1 trillion in infrastructure projects, which would create as many as 15 million jobs, the Kansas City Star and The News Tribune have compiled a presentation – based on […]

Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos. Oxfam’s report, ‘An economy for the 99 percent’, shows that the gap between rich and […]

Donald Trump has a plan for dealing with the stock market bubble. Make it bigger. Before the election candidate Trump blasted Federal Reserve chairman Janet Yellen for keeping interest rates too low for too long to keep the economy humming along while Obama was still in office. The president elect accused Yellen of being politically […]

In the West Junk Information And Junk Judgment Prevail 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 to elect Donald Trump president of the US, in claims that Saddam Hussein and […]

  President-elect Donald Trump is looking to focusing on defeating ISIS and cutting wasteful spending, according to communications between his transition officials and the Pentagon. Russia’s absence from the list, however, has alarmed some in Washington. The top four priorities for the president-elect’s transition team are defeating Islamic State (IS, formerly ISIS/ISIL), eliminating the sequester, […]

Video Real News Economist Michael Hudson sits down with Sharmini Peries to talk about the elections and his new book ‘J is for Junk Economics’ https://www.youtube.com/watch?v=TXF7xJP6hW8 SHARMINI PERIES, TRNN: Its the Real News Network. Im Sharmini Peries coming to you from Baltimore. Come January 20th Donald Trump is placed to take power in Washington D.C., […]

To stimulate the economy, create new jobs and generate new GDP requires an injection of new money. Borrowing from the bond markets or off-balance-sheet in public/private partnerships won’t do it. If Congress won’t issue money directly, it should borrow from banks, which create money on their books when they make loans. The Trump agenda, it […]

On October 1, 2016, China’s yuan has been officially accepted in the list of the IMF’s (International Monetary Fund) reserve currency with a share of 10.93%, taking third place after the US dollar (41.73%) and the Euro (30.93%). This means that all central banks around the world are now required to keep a portion of […]

In Donald Trump’s first four years as president, he will not only choose three judges for the Supreme Court, he’ll also pick five of the seven members on the Fed Board of Governors. It would be impossible to overstate the effect this is going to have on the nation’s economic future. With both houses of […]

The Euro is murdering the nations and economies of the EU quite literally. Since the fixed currency regime came into effect, replacing national currencies in transactions in 2002, the fixed exchange rate regime has devastated industry in the periphery states of the 19 Euro members while giving disproportionate benefit to Germany. The consequence has been […]

During most of the past two decades Washington has aggressively launched military and economic wars against at least nine countries, either directly or through its military aid to regional allies and proxies.  US air and ground troops have bombed or invaded Afghanistan, Iraq, Pakistan, Libya, Somalia, Syria, Yemen and Lebanon. More recently Washington has escalated […]

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