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It was just a matter of time before China surpassed America as the world’s leading economy based on purchasing power parity (PPP). It’s an exchange rate between currencies measured by the cost of a representative ... Full article
The Bureau of Labor Statistics headline this morning reads:  “Payroll employment increases by 248,000 in September; unemployment rate declines to 5.9%.” How can this be?  US corporations are investing ...
Washington Post editors want America’s bloated defense budget increased. So do some of its contributors. America’s business is war. Without end. Ravaging, destroying and pillaging one nation after another. ...
2013 Real Median Household Declined to 1994 Level It is amazing how the government manages to continue selling Brooklyn Bridges to a gullible public. Americans buy wars they don’t ...
Most of Latin Americans who have entered the middle class in the last decade remain vulnerable. According to the United Nations Program for Development (UNDP), although 56 million Latin ...
The Federal Reserve and its bullion bank agents (JP Morgan, Scotia, and HSBC) have been using naked short-selling to drive down the price of gold since September 2011. The ... Full article
“We are implementing these new measures in light of Russia’s actions to further destabilise Ukraine over the last month, including through the presence of heavily armed Russian forces in ...
The Dow Jones stock average closed Friday at 17,137, despite the fact that the payroll jobs report was a measly 125,000 new jobs for August, an insufficient amount to ...
Obama and other NATO member state heads are currently meeting in Wales. Discussions will continue Friday. Russia bashing continues. New sanctions are planned. More on this below. This summit ...
On January 6, 2004, Paul Craig Roberts and US Senator Charles Schumer published a jointly written article on the op-ed page of the New York Times titled “Second Thoughts ...
The Russian Government has published today a document which contains details on the ban of import agricultural products from countries of the European Union, United States, Australia, Canada, Japan ...
Redefinition Is America’s Most Powerful Factor of Production Last week’s government guesstimate that second quarter 2014 real GDP growth will be 4% seems nonsensical on its face. There is ...
Ukraine’s Prime Minister Arseniy Yatsenyuk announced his resignation in the Rada (Parliament) and that of the entire Cabinet on Thursday, July 24.  This decision was taken following the withdrawal ...
Photos are now available of the wreckage from the Malaysian airliner crash. Notice the extensive debris and the large section of fuselage. You are observing remains of an airliner ...
The first two days this week gold was subjected to a series of computer HFT-driven “flash crashes” that were aimed at cooling off the big move higher gold has ...
 The Development Bank of emerging countries to be created at their summit in Brazil aims to rival the World Bank and the Bretton Woods institutions. In July 1944, representatives ...
Washington can’t stop lying.  Don’t be convinced by last Thursday’s job report that it is your fault if you don’t have a job. Those 288,000 jobs and 6.1% unemployment ...
A final number for real US GDP growth in the first quarter of 2014 was released today. The number is not the 2.6% growth rate predicted by the know-nothing ...
In all major regions of the world, the economic recession is deep-seated, resulting in mass unemployment, the collapse of state social programs and the impoverishment of millions of people. ...
Last April I saw a report that 83% of May’s college graduates did not have a job. I remarked that in my day most of us had 2 or ...
While vast amounts of Americans have lost their homes, their jobs and their livelihoods, and while war veterans are denied care, Barack Obama has unloaded more cash to continue ...
Ecological economists such as Herman Daly write that the more full the world becomes, the higher are the social or external costs of production. Social or external costs are ...
The Federal Reserves’ “Opaque Methods” In response to our account of the mysterious large rise in Belgium’s Treasury purchases, it was suggested that the transaction would show up on ...
Is the Fed “tapering”? Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries ...
Who is it that calls for social justice, equality and legitimate redistribution of wealth while living in luxury and opulence? As the world attempts to stay in balance during ...

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