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Economy

How Long Can Economic Reality Be Ignored?

Trump and Hitlery have come out with the obligatory economic plans. Neither them nor their advisors, have any idea about what really needs to be done, but this is of no concern to the media. The presstitutes operate according to “pay and say.” They say what they are paid to say and that is whatever serves the corporations and the government. This means that the presstitutes like Hitlery’s economic ...Read full article...

Russia’s Weakness Is Its Economic Policy

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 would have avoided most of the capital flight to the West by relying on self-finance. Washington, however, took advantage of a naive, gullible and ...Read full article...

Another U.S. Phone Jobs Report

As John Williams has made clear, the monthly payroll jobs number consists mainly of an add-on factor of 200,000 jobs. These jobs are a product of the assumption in the Birth-Death Model that new business ventures create more unreported new jobs than the unreported job losses from business failures. If we subtract out this made-up number, July saw a gain of 55,000 jobs, not enough to keep up with ...Read full article...

Are You Planning Your Retirement? You Won’t Survive To Experience It

The Israeli agents who comprise the Neoconservatives, a collection of war criminals that control US foreign policy, have already handed you your death certificate. The neoconservatives have far more power than they have intelligence or humanity. At the recent St. Petersburg International Economic Conference, President Putin excoriated Western Journalists for endlessly repeating Washington’s lies that are driving the world to nuclear war. He asked Washington’s bought-and-paid-for-whores, the scum who ...Read full article...

European Great Depression preceded by Negative Interest Rates

Europe faces a prolonged era of very low or negative real interest rates between 0 and minus 2%. It will last five more years, until 2021, conclude the experts convened by the European Central Bank (ECB) at its annual conference. So credit users will sing glad tidings; savers, curses; and the whole society will intone lamentations, as low interest rates indicate sluggish growth, in which any surprise multiplies the ...Read full article...

Tories Intend Greater Austerity Following Brexit Vote

Political fallout from Thursday’s Brexit vote didn’t take long to unfold. David Cameron began it by announcing his resignation, effective when Torries meet in October, he said. On Tuesday, UK Chancellor of the Exchequer George Osborne’s greater austerity announcement didn’t surprise. Days before last Thursday’s vote, he claimed Brexit would cause a 30 billion pound public finance hole – public health service, education, transport and other spending cuts needed, ...Read full article...

How to Survive a Personal Economic Collapse

With all that is being written about the economic collapses of nations around the globe, people in America seem to be waiting for some huge event. But what if it isn’t a huge event like  a stock market crash or a currency collapse that you actually need to be concerned about? What if our disaster starts out looking nothing like the economic crises in Argentina, Venezuela or Greece? What if the real financial disaster in the ...Read full article...

IMF warns against Sovereignty, Nationalism and a sound Immigration Policy

The director of the IMF, Christine Lagarde says that the TPP and TTIP must be passed, although she admits that the adoption of such agreements will widen the gap between rich and poor in the short term. Globalism’s success depends on regions without nations and nations without borders. It feeds from countries whose governments have been thoroughly absorbed my regional, non-elected organizations who then transfer the power to global ...Read full article...

The drop in Oil Prices upsets the Geopolitical Chessboard

The drop in oil prices has given the lie to the «Hubbert peak» theory. There will probably not be a penury of energy in the coming century. The price decrease is also probably the first step in dismantling the «human origin of global warming» theory. It has deprived the alternative sources of energy of any validity, as well as investments in hydrocarbons from shale and deep-water drilling. It has ...Read full article...

European Central Bank to Bailout European Multinationals

The European Central Bank (ECB) takes a new step in its policy of providing cheap liquidity to the euro zone. The panorama of zero and negative rates and the quantitative easing program (QE) will now be supported by the bank’s purchase of corporate bonds. That is, corporate debt. By purchasing corporate bonds, the ECB hopes to, once again, rescue corporations that are allegedly experiencing ‘difficulties’ in collecting billions in ...Read full article...

US Government Employment Lies

Today the Bureau of Labor Statistics announced that the US economy only created 38,000 new jobs in May and revised down by 59,000 jobs the previously reported gains in March and April. Yet the BLS reported that the unemployment rate fell from 5.0 to 4.7 percent, a figure generally regarded as full employment. The May jobs increase only covers a small fraction of the monthly growth in the labor ...Read full article...

We Have Entered The Looting Stage Of Capitalism

Having successfully used the EU to conquer the Greek people by turning the Greek “left-wing” government into a pawn of Germany’s banks, Germany now finds the IMF in the way of its plan to loot Greece into oblivion . The IMF’s rules prevent the organization from lending to countries that cannot repay the loan. The IMF has concluded on the basis of facts and analysis that Greece cannot repay. ...Read full article...

TTIP—American Economic Imperialism

Greenpeace has done that part of the world whose representatives are so corrupt or so stupid as to sign on to the Trans-Pacific and Trans-Atlantic “partnerships” a great service. Greenpeace secured and leaked the secret TTIP documents that Washington and global corporations are pushing on Europe. The official documents prove that my description of these “partnerships” when they first appeared in the news is totally correct. These so-called “free ...Read full article...

Secrets of the TTIP negotiations Revealed

Negotiations ignore the recent Paris agreement to reduce CO2 emissions and label high regulations on pesticides and GMOs as “barriers to trade”. Our suspicions have come true. United States is pressing European negotiators to significantly reduce regulation levels in some of the thorniest issues of the trade agreement known as the TTIP. A leaked document, which we have gained access to, reveals the American position for the first time, on ...Read full article...

Obama’s Economic Legacy: Thirdworldizing America

The New York Times colluded with Obama, presenting the illusion of economic recovery, twisting reality, ignoring cold hard facts. Interviewed by its financial columnist Andrew Sorkin, a false picture of his economic record was presented. America’s 1% never had things better. Protracted Main Street Depression conditions affect most others. One out of four working-age Americans have no jobs. Most others lucky to have work are underemployed – stuck in ...Read full article...
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