Economy

US Corporate Tax Cuts Money won’t come back

Financial sector no longer supplies capital for production. What the financial sector does is to turn discretionary consumer income into interest and fee payments to banks. I deplore the tax cut that has passed Congress. It is not an economic policy tax cut, and it has nothing whatsoever to do with supply-side economics. The entire purpose is to raise equity prices by providing equity owners with more capital gains ...Read full article...

Consumer Debt to hit $682 Billion after Christmas in the US

The last time American consumer debt was this high was.. well…NEVER. But now, it seems we are engaged in a high stakes game of consumer debt roulette. And the House is the only one who will win this game. Last summer, it was reported that people owed more on loans, credit cards, and payment plans than ever in history. The country surpassed the spike that led to the crash ...Read full article...

Former Russian Intelligence Colonel: Capitalist Economic Collapse Imminent

“We are on the verge of a global economic collapse and the dismantling of the capitalist system.” He became famous after publishing several books on the infamous Bilderberg Group, the globalist infested cabal that meets annually to direct western politicians. Thanks to him we learned ample details about the power in the shadows, beyond the control of governments, that moves the threads of the world economy to perpetuate itself ...Read full article...

Washington Is Destroying American Power

Washington, in its abuse of the world currency role, uses the dollar payments mechanism to impose sanctions on other countries. Readers at home and around the world want to know what to make of the announcement that China henceforth will conduct oil purchases and sales in gold-backed Chinese currency. Is this an attack by Russia and China on the US dollar? Will the dollar weaken and collapse from being ...Read full article...

Brazil in Private: Neoliberal Globalists to Take Over National Riches

Giving away Brazilian property to international bankers is certainly not part of the solution to get Brazil back to development. SAO PAULO – I recognize that private initiatives work much better than government sponsored ones, at least in Latin America. So, don’t take me wrong as you read the title of this article and hopefully the rest of it. What is wrong, then, with private enterprises taking over Brazilian ...Read full article...

Bankers blame Technology for Inequality and the coming Collapse

Central banks warn of risk of slowing globalisation and attack Nationalism and bilateral negotiations. Populism questions the benefits of globalization. However, the coordinator of the central banks, the Bank of International Settlements (BIS), makes in its annual report a fiery defense of globalization: “We run the risk of forgetting the lessons of the past, taking for granted the progress achieved during the last century in living standards,” says its ...Read full article...

Heading towards Collapse: How Central Banks destroy Global Stability

From 2000 until today, central banks have done more to destroy global financial stability than at any other time in history. Different from what is commonly believed, central banks do not exist to bring about stability of any kind, but to control and monopolise financial and monetary policy that keeps them in control of economies worldwide. All bubbles and financial crises have arisen from central bank manipulation of markets ...Read full article...

Save the Banks in the name of the “Greater Good”

The liquidation of “too big to fail” banks ensures that large investors will get paid while average Joes will be stiffed with the bill. Taxpayers, will again have to the bailout insolvent banks. Otherwise, central bankers say, the risk of a systemic collapse would be very real. What they do not say is that what is at stake is their credibility, reputation and that of the rules they created ...Read full article...

Democracy Is A Front For Central Bank Rule

Several years ago when the Federal Reserve had its Fed funds rate at zero to 25 basis points (one-quarter of one percent—0.25%), there was a great deal of talk, somehow presented as urgent, whether the Federal Reserve would raise interest rates. RT asked me if the Fed was going to raise interest rates. I answered that the purpose of low interest rates was to restore the solvency of the ...Read full article...

Economic Recovery? 9000 Stores Will Close This Year in the U.S.

Back in January, after the worst Christmas sales in a decade, I predicted that 2017 would be the year of the Retailpocalypse and that we’d see hundreds of retail stores closing. Sadly, I was wrong. We’re going to see thousands of stores closing. According to a CNN Money report, more than 300 retailers have filed for bankruptcy already and we’re only halfway through the year. Another report by Credit ...Read full article...

Is Bitcoin Standing In For Gold?

In a series of articles we have proven to our satisfaction that the prices of gold and silver are manipulated by the bullion banks acting as agents for the Federal Reserve. The bullion prices are manipulated down in order to protect the value of the US dollar from the extraordinary increase in supply resulting from the Federal Reserve’s quantitative easing (QE) and low interest rate policies. The Federal Reserve ...Read full article...

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...