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Economy

IMF ready to finance Ukrainian Junta

While the United States is set to provide the Ukrainian army with lethal weapons to attack the East of the country, the IMF intends to plunge Ukraine into darker economic conditions. Ukraine is desperately awaiting the end of negotiations with the International Monetary Fund (IMF). The long conflict with Russia and the flimsy foundations of the economy have placed the country on the brink of bankruptcy. TheKievgovernmenthopesto seala new ...Read full article...

Tsipras defies Troika: “Greece will no longer take orders”

Less than twelve hours after receiving notice of the European Central Bank to cut funding to Greek banks, Prime Minister Alexis Tsipras answered vehemently in a post that seems directed at Mario Draghi but also to all those that put sticks on wheels: “Greece will no longer accept more orders, especially orders received by email,” he asserted from the Greek Parliament in the first session of the SYRIZA parliamentary ...Read full article...

European Central Bank forcing Greece into perpetual Debt

The European Central Bank is tightening the rope with Greece. The bank intervened yesterday in the negotiations between Athens and the Troika by threatening with the cancellation of credit to all Greek banks. This measure is meant to force Greece to request another bailout and to continue the vicious circle the ECB has mandated. Frankfurt announced just after 9 p.m. to cut of liquidity to Greek banks beginning next ...Read full article...

Is a Bank Holiday coming to Greece?

Greek people are running into banks to get as much cash out of their accounts as possible fearing that their money may be confiscated. Even before the new government of Greece is able to sit to renegotiate the terms of any future bailouts or deals, as is the intention, the executive Alexis Tsipras may have to face an even more serious crisis. Greek banks are experiencing a series of ...Read full article...

Sixty Billion are not Enough to save Europe

As we explained earlier this week, poverty, misery and underdevelopment are not challenges that are impossible to overcome. We also explained that it has been the unlawful rules imposed by unaccountable supranational organizations the ones responsible for the poverty, misery and underdevelopment we are experiencing today and that the current global governors who have been in power since after WWII are not truly interested in ending poverty, misery and ...Read full article...

Global Governors have purposely failed to curb poverty and inequality

Poverty, hunger and instability are not consequences of a polarized world, but the result of policies implemented by industrialists and bankers to force the poor to live in misery. Eradicating poverty and misery is cheaper than maintaining it. This reality is well-known by those in power. Yet, year in and year out, the ‘governors’ of the international financial syndicate refuse to put an end to endemic poverty worldwide, even ...Read full article...

Richest 1% will grab more than half of world’s wealth by 2016

Tax evasion by corporations and wealthy individuals to invest in universal and free public services is one of the ways in which the richest 1% will increase its share. As we had announced in 2013, the wealth accumulated by the most powerful and influential 1% population will exceed that of the remaining 99% next year, if current trends of rising inequality continue as they are. Every year, the richest multiply their ...Read full article...

Oil Prices: What Goes Around Comes Around

As this article is written, West Texas Intermediate (WTI) crude stands at $45.69 a barrel. Brent at $46.59. Down from their $114 a barrel 2014 high. Off 14% in 2015’s first eight trading days. Steady at the moment as this is written. How low can prices go? Forecasts are suspect at best. Revised as conditions change. Especially when as fast-moving as now. The latest US Energy Information Administration forecast ...Read full article...

As the United States wages war, Russia looks towards Latin America

Sanctions imposed by Europe and the US have led Russia to realize that it needs neither of them to survive politically or commercially. MOSCOW – Russian industry is leaving its stigma of being an exclusive club that it had since the times of the former Soviet Union and now it is firmly committed to approaching Latin America to consolidate its internationalization and strength. One of the approaches between companies ...Read full article...

The Fiction of Economic Recovery

Magic Growth Numbers From the U.S. Government Everyone wants good news, so the government makes it up. The latest fiction is that US real GDP grew 4.6% in the second quarter and 5% in the third. Where did this growth come from? Not from rising real consumer incomes. Not from rising consumer credit. Not from rising real retail sales. Not from the housing sector. Not from a trade surplus. ...Read full article...

US Public Authorities complicit in Manipulation of the Gold and Silver Bullion Markets

Note: In this article the times given are Eastern Standard Time. The software that generated the graph uses Mountain Standard Time. Therefore, read the x-axis two hours later than the axis indicates. The Federal Reserve and its bullion bank agents are actively using uncovered futures contracts to illegally manipulate the prices of precious metals in order to keep interest rates below the market rate. The purpose of manipulation is to ...Read full article...

Regime Change In Cuba

Normalization of relations with Cuba is not the result of a diplomatic breakthrough or a change of heart on the part of Washington.  Normalization is a result of US corporations  seeking profit opportunities in Cuba, such as developing broadband Internet markets in Cuba. Before the American left and the Cuban government find happiness in the normalization, they should consider that with normalization comes American money and a US Embassy.  The ...Read full article...

Financial Market Manipulation Is The New Trend: Can It Continue?

Financial Imperialists Attack Russia A dangerous new trend is the successful manipulation of the financial markets by the Federal Reserve, other central banks, private banks, and the US Treasury. The Federal Reserve reduced real interest rates on US government debt obligations first to zero and then pushed real interest rates into negative territory. Today the government charges you for the privilege of purchasing its bonds. People pay to park ...Read full article...

Market Euphoria: The Mother of All Ponzi Schemes

The bubble of all bubbles. A house of cards waiting to collapse, says Paul Craig Roberts.  A great unraveling looms. America’s economy based on market manipulation. Rigging things one way. Smoke and mirrors deception. Money printing madness. Privatizing profits. Socializing losses. Upside down reality. Shifting wealth in unprecedented amounts. More than what’s comprehensible. To monied interests. From ordinary folks. Stealing them blind. Creating ruler/serf societies. Notably in America. Enforced ...Read full article...