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Economy

Washington and Brussels Enablers of Tax Fraud

The largest banks and the largest corporations in the world along with intelligence agencies are the greatest money launderers in the world. Millions of dollars are hidden by secret entities in tax havens to finance terrorist attacks and to destabilize countries worldwide. This fact is of everyone’s knowledge, including the European Union, whose leaders have known about it since before the EU came into existence. The kleptocrats who today ...Read full article...

America: World’s Leading Tax Haven

Panama Papers Ignore Massive Corruption and Racketeering in America Obama publicly criticizes tax avoidance while quietly encouraging high-net worth foreigners to shift wealth to America, free from taxation. The Lectric Law Library says “(s)ince the ‘80s, the US has been the largest tax and regulatory haven for non-resident foreign nationals in the world.” Foreign-based individuals “can buy the newly issued Reg. S stock of a US company at a ...Read full article...

The Panama Papers: What are they and why are they important?

Before you begin to understand why the leak of the so-called Panama Papers is making news all over the planet or why the names of famous people are being cited in those papers, first you need to understand what exactly they are. Luckily, the following guide will help you make sense of it all. What are the Panama Papers? Simply put, it is the biggest leak of documents in ...Read full article...

The Government Can’t Keep This a Secret Any Longer

Forget what the government is telling you. Corporate America says we’re in a recession. As of today, the fourth-quarter earnings season is in the books. Earnings season is when companies report financial results. It’s when they tell investors if profits are growing or shrinking. A good earnings season can send stocks higher. A bad one can cause stocks to fall. This was a bad earnings season. Earnings for companies ...Read full article...

The Financial System Is A Larger Threat Than Terrorism

In the 21st century, Americans have been distracted by the hyper-expensive “war on terror.” Trillions of dollars have been added to the taxpayers’ burden and many billions of dollars in profits to the military/security complex in order to combat insignificant foreign “threats,” such as the Taliban, that remain undefeated after 15 years. All this time, the financial system, working hand-in-hand with policy makers, has done more damage to Americans ...Read full article...

The Public is being Looted by Privatisation and Deregulation

The privatization movement and the deregulation movement have turned out to be failures. Privatization in Britain under the Thatcher government had its origin in the belief that the absence of incentivized managers and shareholders with a stake in the bottom line resulted in nationalized companies operating inefficiently, with their losses covered by government like the big private banks’ losses today. Thatcher’s government believed that privatizing socialized firms would reduce ...Read full article...

The US Economy Has Not Recovered And Will Not Recover

The United States government has abandoned everyone except the rich. The US economy died when middle-class jobs were offshored and when the financial system was deregulated. Jobs offshoring benefitted corporate executives and shareholders, because lower labor and compliance costs resulted in higher profits. These profits flowed through to shareholders in the form of capital gains and to executives in the form of “performance bonuses.” Wall Street benefitted from the ...Read full article...

The Case for Outlawing Cash

Can you imagine a world where the government bans Americans from holding cash? Investors are losing confidence… They’re probably losing confidence in corporate managers, for instance. Who wants to own stock in companies run by numbskulls who buy back shares in their companies at record prices just before a major selloff? Or maybe they’re wondering whether the world’s $200 trillion in total debt (roughly 300% of total output) can ...Read full article...

Does Bank Stocks plunging Signal the Crisis to Come?

Wall Street banks were bailed out in 2009 after the Federal Reserve wired billions in fake money to their coffers. In 2016, central banks are out of ammunition and globalized banking institutions are again on the brink of collapse. European bank stocks are crashing. Deutsche Bank (DB), Germany’s largest bank, has plunged 36% this year. Its stock is at an all-time low. Credit Suisse (CS), a major Swiss bank, ...Read full article...

Privatization Is the Atlanticist Strategy to Attack Russia

NOTE: Readers are asking to know who, in addition to the Western-financed NGOs, are the Fifth Columnists inside Russia. Michael Hudson and I left the description general as Atlanticist Integrationists and neoliberal economists. The Saker provides some specific names. Among the Fifth Columnists are the Russian Prime Minister, head of the Central Bank, and the two top economics ministers. They are springing a privatization trap on Putin that could undo ...Read full article...

Here’s Why Oil Stocks Haven’t Bottomed Yet

Oil companies are hemorrhaging money… The oil market is in its worst downturn in decades. The price of oil has plummeted 72% since June 2014. Oil is trading below $30 a barrel for the first time since 2003. If you’ve been reading the Dispatch, you know the world has too much oil. In recent years, technologies like “fracking” have unlocked billions of barrels of oil that were once impossible ...Read full article...

Safe Stocks for a Bear Market

It’s been hard to make money in stocks this year. If you’ve been reading the Dispatch, you know the bull market in U.S. stocks has sputtered out. From March 2009 to May 2015, the U.S. stock market gained 215%, one of its strongest rallies in the last 20 years. However, since topping out in May, the S&P 500 has dropped 9%. So far this year, all major U.S. stock ...Read full article...

Where to Hide Your Money From Reckless Governments

A major central bank just made a desperate move… If you’ve been reading the Dispatch, you know we’re living through a gigantic “global monetary experiment.” In short, global central banks cut interest rates to zero to fight the 2008 financial crisis. They’ve held interest rates near zero ever since. These reckless “easy money” policies have made it extremely cheap to borrow money. Using borrowed money, people have bought trillions ...Read full article...

Brazil’s Real plunged 40% against the U.S. dollar in Two Years

Brazil’s stock market collapsed by 51% in the last year. Brazil is heading for disaster… Brazil is the world’s eighth biggest economy and the fifth most populated country. It’s the “B” in “BRICS,” Wall Street’s acronym for big emerging markets with huge growth potential. Russia, India, China, and South Africa are the other four BRICS. Brazil’s economy grew rapidly from 2000 to 2010. Wall Street expected Brazil to keep growing fast and to ...Read full article...

Unlimited Credit is the Real Threat to the Global Economy

Real money in US dollars accounts for $1.2 trillion worldwide. Of that, only about $250 billion are in circulation in the US. The rest of the US dollars circulating around the country are worthless. The same situation occurs around the world. What’s the problem with that? The US government alone spends $3.5 trillion a year. The same US government has spent over $14 trillion to unsuccessfully deal with the ...Read full article...
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