Economics

Economics, money, trade, business and spending

Pentagon fails its first-ever audit, official says

Pentagon fails its first-ever audit, official says

Some 1,200 auditors were involved in an audit on the $2.7 trillion dollar organisation.

European Central Bank In Panic Mode as Economy Stalls

European Central Bank In Panic Mode as Economy Stalls

The Centre for Economics and Business Research (CEBR) says that the risk of a global recession by 2020 has jumped from one-fifth in 2017 to one-third this year.

The wealth of America's three richest families grew by 6,000% since 1982

The wealth of America’s three richest families grew by 6,000% since 1982

It has been evident for some time but now even the Guardian has acknowledged it. In the words of a former chairman of the Fed, the U.S. is becoming “a plutocracy”

‘While the Rest of the World Burned,’ Billionaires Made More Money in 2017 Than Any Other Year in History

Billionaires across the globe increased their wealth by $1.4 trillion last year—an astonishing 20 percent—bringing their combined wealth to $8.9 trillion.

Khashoggi’s Murder Casts a Shadow Over the Kingdom

The Saudis may pay a heavier price for Khashoggi’s murder than they expected

As Debt Rises, the Government Will Soon Spend More on Interest Than on the Military

Which raises the trillion dollar question: who precisely is all this money being paid to?

New Chinese Rail Line Buries Kenya in Debt

New Chinese Rail Line Buries Kenya in Debt

China is replacing the old colonialist powers in Africa, not with wars and colonial conquest but with infrastructure projects that will shackle the continent with debt

Central Banks Have Gone Rogue, Putting Us All at Risk

Central Banks Have Gone Rogue, Putting Us All at Risk

Central banks are effectively propping up the stock market to help maintain the illusion that a “recovery” is underway. Ellen Brown explains

Updated: China Is Secretly Taking Over Zambia (and other African countries too)

China’s approach is more subtle than the former colonial rulers but the end result is the same. Africa is falling into economic servitude but now it’s not European colonists in charge, it’s China

Stocks are the New Cryptocurrencies

Stocks are the New Cryptocurrencies

The stock market is another aspect of our delusional reality.

The anti-dollar awakening could be ruder and sooner than most economists predict

Anti-Dollar bloc growing: Russia-China axis reaches out to Iran, Turkey and countries on which US has imposed sanctions, to trade without dollars

Germany Calls For Global Payment System Independent Of The US

The correspondent who sent this in asked: is this the outcome of the recent Merkel-Putin meeting?

Genocide of the Greek Nation

How this crisis plays out remains to be seen. It could result in the destruction of Western civilization, writes Paul Craig Roberts. After Greece, will it be Italy, Spain, Portugal, France, Belgium, Australia, Canada, until none are left?

US FY 2019 Defense Budget Becomes Law

An overview of the 2019 Defense Budget and how its $716 billion will be spent

Trump Takes on the Fed

Trump Takes on the Fed

Putting the needs of Americans first, as Trump promised in his campaign, means making the Fed serve Main Street rather than Wall Street. Ellen Brown explains

Russia’s Foresight Stands It in Good Stead

As the U.S. prepares to impose yet more sanctions on Moscow and now Turkey too

Who Does America Belong to?

Thomas Jefferson’s warning “If the American people ever allow private banks to control the issue of their currency … the banks … will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered” is coming true

Researchers Warn Income Inequality In US Getting Worse, It Was “Intentional”

Researchers Warn Income Inequality In US Getting Worse, It Was “Intentional”

The rich are getting richer and the poor are getting poorer, Faster than ever, especially in the U.S.

The Greatest Heist In Human History

How $21 Trillion in U.S. Tax Money Disappeared. “Full Scope Audit” of the Pentagon

Trade War Could Lead to Dollar Demise

Trade War Could Lead to Dollar Demise

If BRIC dislodges the dollar, it will precipitate a financial crisis or war