Categories: Economy

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 […]

This article was originally published on September 26, 2016. The ratification of the CETA agreement is imminent, with far-reaching economic and social implications. France’s Prime Minister Manuel Valls is currently in Canada for meetings with Prime Minister Justin Trudeau. CETA is the object of protests in both Canada and the EU. It was also the […]

The yuan is about to enter the IMF’s basket of reserve currencies this coming Saturday – alongside the US dollar, pound, euro and yen. This is no less than a geoeconomic earthquake. Not only does this represent yet another step in China’s irresistible path towards economic primacy; the Chinese currency’s inclusion in the Special Drawing […]

The world’s top ten corporations, including Apple, Shell and Walmart, have a combined revenue that is greater than the combined income of the 180 “poorest” countries out of the world’s total 195 sovereign states. The figures, which reveal that Walmart, Apple and Shell alone are now richer than Russia, Belgium and Sweden, were released by […]

Why has the Fed created incentives for US corporations to loot their companies and drive them deeper into debt? Despite four consecutive quarters of negative earnings, weak demand and anemic sales, US corporations continue to load up on debt, buy back their own shares and hand out cash to their shareholders that greatly exceeds the […]

How long can the US economy stagger along under this incredible burden of debt? US economy clinging to life as public debt nears $20 trillion [Editor’s note: The USA today is an enslaved nation, a country populated by debt slaves with an economy that is designed to fail eventually, when the debt burden grows too […]

This is a slightly expanded transcript of a Skype Interview with Sputnik 1 September 2016 Sputnik What is your view on the parliamentary impeachment of Dilma Rousseff? PK What happened in Brazil is just the most horrifying and flagrant illegal foreign-led parliamentary coup that has happened in Latin America since a similar coup, also foreign-led, […]

The original source of this article is The Daily Bell Russia leaves the Dollar based monetary system and adopts a system of Sovereign Currency. The implications are phenomenal! “In 1990 the first priority of Washington and the IMF was to pressure Yeltsin and the Duma to “privatize” the State Bank of Russia, under a Constitutional […]

The original source of this article is Paul Craig Roberts According to various reports, the Russian government is reconsidering the neoliberal policy that has served Russia so badly since the collapse of the Soviet Union. If Russia had adopted an intelligent economic policy, Russia’s economy would be far ahead of where it stands today. It […]

After more than two years of worsening economic growth and an economy struggling with 10.5% central bank interest rates that make new credit to spur growth virtually impossible, Russian President Vladimir Putin has finally broken an internal factional standoff. On July 25 he mandated that an economic group called the Stolypin Club prepare their proposals […]

How long will this go on? How long will we see the photographs of a Mr. Tsipras and his Finance Minister in despair. Yet the blood-letting continues. Already new austerity measures are being projected for 2018 – between 5.4 billion EUR asked by Europeans and 9 billion EUR requested by IMF – and the securing […]

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