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Economy

Depression-Level Unemployment in America

Real unemployment rate at +- 23%, not 4.7% as mainstream news and government claims. Monthly Labor Department jobs reports are phony. Paul Craig Roberts calls them “a bad joke,” saying America’s economy is a “house of cards.” A day of reckoning awaits. Job numbers are inflated, manufactured out of thin air, partly based on a so-called birth-death model, estimating net non-reported jobs from new businesses minus losses from others ...Read full article...

Can Truth Prevail or is the rise in Real GDP an Illusion

According to official US economic data, the US Gross Domestic Product (GDP) has expanded for 22 quarters, raising real GDP 12.1% above its high prior to the 2008-09 economic contraction. Yet, US manufacturing output and US industrial production have not recovered to their pre-contraction high. So what is driving the real GDP growth? In my opinion, the rise in real GDP is an illusion produced by the under-measurement of ...Read full article...

Western Interests Aim To Flummox Russia

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 intends to maintain and extend its hegemony by breaking up the alliance between Russia, Iran, and China, and by oil privatizations that result in countries losing control over their sovereignty to ...Read full article...

Is the Transpacific Partnership Dead or Dormant?

The Obama administration went all out for its approval – a hugely secretive anti-consumer, anti-freedom, anti-environment, jobs-killing corporate giveaway race to the bottom. It’s all about greater than ever corporate empowerment under its rules, overriding domestic laws for maximum profit-making. Obama lied, claiming it aims to “promote economic growth; support the creation and retention of jobs; enhance innovation, productivity and competitiveness; raise living standards; reduce poverty in the signatories’ ...Read full article...

Universal Basic Income Is Feudalism

What does the future hold for average people? Feudalism. And they’ll welcome it with open arms, convinced that they are embracing a smart, fair system that eliminates poverty. The greed, entitlement, and lack of ambition that seems inherent in many people today will have them slipping on the yoke of servitude willingly. Here’s what I mean. Have you ever been around people who say things like, “I can’t afford ...Read full article...

What 12 Financial Experts Predict for the Economy in 2017…It’s Ugly

What lies ahead for the economy this year? Will the economy finally collapse as predicted by many or will the early positive signs in stock markets around the world continue and the global economy will flourish? I’ve taken a lot of heat for being “gloomy” and for “fear-mongering” lately when I’ve said that President-Elect Trump is inheriting a mess of epic proportions and that we may still be in ...Read full article...

And the Largest Economy in the World is…

The truth is that the classification of the largest economy changes according to how wealth is measured. It is GDP vs purchasing power. The size varies according to the way in which it is measured. The US economy is larger than China’s if compared to gross domestic product in current dollars and without the effect of inflation. But if the comparison is made by purchasing power parity, China surpasses ...Read full article...

Save the Planet from Climate Change: Tax Meat by 40%

On November 7th, 2016, Oxford University suggested a system of taxation to discourage people from buying and eating certain foods. There’s a brand new way to save the planet, and a group of professors from Oxford University wants to force the issue by assessing enormous taxes on foods said to have higher “climate impact.” To make a long story short, they want to force everyone that doesn’t have a ...Read full article...

Challenging Environmentally Destructive Dakota Access Pipeline Construction

If completed, 450,000 barrels of fracked oil will be delivered through the Dakota Access pipeline (DAPL) daily over 1,168 miles – through North and South Dakota, Iowa and Illinois. It’ll environmentally damage sacred Standing Rock Sioux Tribe ancestral lands, communities, farmland, wildlife habitat, and other sensitive areas. Certain spills will pollute the landscape and drinking water, harming public health and well-being. Construction was authorized without public involvement and adequate ...Read full article...

Two Separate Worlds and the End of Economic Globalisation

During a very important meeting of the Security Council – not even mentioned in the Western Press – on 28 October, the United States voted against UNO cooperation with regional organisations which include Russia, and therefore also China. By refusing to work with others, and thus to admit that other powers are their equals, Washington has taken the path towards a division of the world into two distinct spheres ...Read full article...

The Link Washington-Wall Street is more Alive than Ever Before

While voters reject further liberalisation via transnational treaties, the Democratic administration, under pressure from large corporations, aims to force the Transpacific Agreement on the fast track. To understand why many voters in the United States -and not only those who support  Trump- believe there is a corrupt nexus of interests between Washington and Wall Street, you should follow the history of the Transpacific Agreement (TPP), the liberalisation treaty led ...Read full article...

Economic Sanctions or the White-Collar War

The United States and the European Union have launched an undeclared war against Syria, Iran and Russia – it is known by the alias «economic sanctions». This appalling tactic killed more than a million Iraqis during the 1990’s, without arousing any suspicion in Western public opinion. It is used today, patiently, against any state which refuses to be dominated by the unipolar world order. In the past, conventional war ...Read full article...

Can Russia Learn From Brazil’s Fate?

William Engdahl recently explained how Washington used the corrupt Brazilian elite, which answers to Washington, to remove the duly elected President of Brazil, Dilma Rousseff, for representing the Brazilian people rather than the interests of Washington. Unable to see through the propaganda of unproven charges, Brazilians acquiesced in the removal of their protector, thereby providing the world another example of the impotence of democracy. Everyone should read Engdahl’s article. ...Read full article...

Is Deutsche Bank Going Under?

Is the collapse of Deutsche Bank the real reason Germans were told to prepare for a national crisis? Many think so. If the most prominent bank in Germany fails, the effect on Europe will be profound, and I don’t think the United States will escape the effects. The ripples will turn into a tsunami as they travel across the Atlantic. Already, the bank’s troubles have stressed the American stock ...Read full article...

Undemocratic IMF asks for Democratic Economic Growth

Among all globalist organizations in the world, the International Monetary Fund (IMF) is one that sits at the top of the list as an entity that seeks to protect the interests of multinational corporations; more specifically, banking institutions. This position was not different at the last G-20 meeting in China, an event that came and went as many others have: lots of posing and no solutions to any of ...Read full article...
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