Economics

Economics, money, trade, business and spending

Grexit beckons: Greece on brink of euro exit as it faces economic meltdown

Athens could be forced out by Germany after politicians warn ‘enough is enough’ as Greece lurches towards default on €1.5bn debt

‘You’re Fired – Now Train Your Much Cheaper Foreign Replacement’

How much damage has to be done before people will finally start waking up?

Iceland Recovering Fastest in Europe After Jailing Bankers Instead of Bailing them Out

Iceland is on track to become the first European country that suffered in the financial meltdown to “surpass its pre-crisis peak of economic output”

Iran’s economy poised for growth spurt with or without sanctions over nukes

“The Iranian economy will grow… It’s not going to depend on the lifting of sanctions. It will just grow and develop at a slower pace,” said a managing partner for an Austria-based consulting firm

Russian T-14 Armata tanks on Red Square during the May 9, 2015, Victory Day pardade

Russia steps up military modernization — but at what cost?

Putin’s $400 billion military modernisation program faces problems as Russia’s economy sinks under the weight of Western sanctions and falling oil prices

IMF quits Greek talks; EU tells Tsipras: stop gambling

International Monetary Fund representatives depart negotiations with Greece prompting dire warnings

Guess How Many Nations In The World Do Not Have A Central Bank?

Within two years of Western ‘intervention’ Afghanistan had its first national bank. The US invaded Iraq in 2003 and the following year it too had its first central bank. While Western ‘intervention’ also brought Libya its first central bank in 2011

A Recession Within A Recession

Despite announcements about a ‘recovery’ it’s now official: the U.S. economy contracted during the first quarter of 2015

Greece Says That It Will Default On June 5th, And Moody’s Warns Of A ‘Deposit Freeze’

Greece Says That It Will Default On June 5th, And Moody’s Warns Of A ‘Deposit Freeze’

We could actually see Cyprus-style wealth confiscation but on a mch bigger scale

Greece can’t make €1.6B IMF payment, refuses to budge on rescue aid terms

“This money will not be given … It does not exist,” Greek Interior Minister Nikos Voutsis commenting on the IMF repayment Sunday

Greece €400 Million Short For Wage And Pension Payments, Rushes To Pass Troika-Friendly Laws

Not only does Greece not have €1 billion in cash needed to pay the IMF, it also lacks €400 million for wages and pensions payments

Wealth of world’s billionaires doubles since 2009

This report dates back to 2013 but between then and 2009 the world richest got substantially richer

Grexit: Remaining In The Eurozone Is No Longer ‘The Base Case’ For Greece

We stand on the verge of the next great global economic crisis. The lessons that we should have learned from the last crisis were never learned, and instead global debt levels have exploded much higher

Can We Put Our Faith in Financial Markets?

Can We Put Our Faith in Financial Markets?

Henry Makow wonders: are the markets a mechanism to steal our souls as well as our money?

Israel applies to become founding member of China development bank

Following Britain, Tel Aviv joins 40 other countries in a move that is likely to widen its rift with Washington

Why Greece is the lynchpin that could unleash economic collapse, domestic martial law and global war

Why Greece is the lynchpin that could unleash economic collapse, domestic martial law and global war

The Greek crisis could unravel more than a cascade of debt. Mike Adams explains

Isolating Russia: Washington’s Failed Attempt to Exclude Russia from the SWIFT Bank Clearing System

At least in one area of international dealings common sense seems to have prevailed

Nearly At ‘Full Employment’?

Nearly At ‘Full Employment’?

10 reasons why the unemployment numbers are a massive lie

Lord Rothschild Warns Investors of ‘Most Dangerous Geopolitical Situation Since WWII’

The head of the Rothschild dynasty is probably in a better position than most to know what will unfold

Greece Syriza supporters celebrate. Click to enlarge

Toothless Lions: Socialists Betray Greece

Greece’s socialist leaders belong to the same club as the country’s creditors. Jane Burgermeister explains