Category Archives: Economy

How the Rich Eat the Poor and the World

The 2016 Oxfam Davos Report which the mass media have ignored arrestingly shows that 62 individuals – 388 in 2010 – now own more wealth than 50% of the world’s population. More shockingly, it reports from its uncontested public sources that this share of wealth by half of the world’s people has collapsed by over 40% in just the last five years. Continue reading How the Rich Eat the Poor and the World

The Latest US Sanctions Point to a Declining World Superpower

On Monday 6th of August the United States imposed a fresh set of sanctions on Iran. These are intended as a prelude to even stronger sanctions to take effect in November. The clearly stated intention is to break the Iranian governments will to resist American demands, and to cause such domestic pain that the Iranian people Will rise in revolt against their government and bring about the long sought after (by the Americans) regime change. Continue reading The Latest US Sanctions Point to a Declining World Superpower

Iran Starts Ditching the Fiat Dollar, Turkey Repatriating Gold from US

In the early years of the global effort to defeat the belligerent faction of the Western Deep State, the BRICS Alliance had sought to do it in a manner that would have the least negative impact on the population of the West. More than a decade since, and the West has not changed much. They are still in the stage of talking about the true nature of the problem with utmost eloquence. Continue reading Iran Starts Ditching the Fiat Dollar, Turkey Repatriating Gold from US

The Boao Forum for Asia at the Prospect of the US-China Trade War

On April 8-11, the resort town of Bo’ao, situated on the Chinese island of Hainan, saw the regular economic Boao Forum for Asia (BFA). Let us note the increasing importance of this forum that today is called “the Asian Davos”. This time it was visited by both the former UN Secretary-General Ban Ki-moon (chosen as the chairman of the BFA directors) and the incumbent one, António Guterres. Continue reading The Boao Forum for Asia at the Prospect of the US-China Trade War

Russia and India on the Brink of a Major Trade Breakthrough

Russia and India are long-standing partners with a rich history of mutually beneficial cooperation. The two countries have great trading potential. However, Russian-Indian trade and economic cooperation cannot yet be called very active. This situation is not acceptable to either side, and now Russia and India are working to develop their economic relations. Continue reading Russia and India on the Brink of a Major Trade Breakthrough

Imagine What Would Happen if China Decided to Impose Economic Sanctions on the USA?

In June, Washington threatened Beijing with a sanctions regime, in response to China’s increased bilateral commodity trade with North Korea. Initially, the US sanctions were not intended to be against the Chinese government: selected Chinese banks and trading companies involved in the financing of China-DPRK commodity trade would be potential targets of US reprisals. Continue reading Imagine What Would Happen if China Decided to Impose Economic Sanctions on the USA?

Petrodollar Faces Growing Threat with Payments in Gold across Asia

Reuters reported, a week ago, that Russia’s Sberbank has begun trading in gold at the Shanghai exchange. This is both a retaliatory move against those who continue to wage an economic war through a broad, extended economic sanction against the federation, and as a long term measure against global terrorism, aka Khazarian Mafia. Continue reading Petrodollar Faces Growing Threat with Payments in Gold across Asia

SPIEF 2017: More Guests, High Expectations, Search for New Balance, & Putin’s Best

More than 200 leading experts from Russia, Europe, Asia, the US, Canada and Latin America have put their heads together to draw up the program of the high-profile economic gathering.

Said forum went out without a hitch. Continue reading SPIEF 2017: More Guests, High Expectations, Search for New Balance, & Putin’s Best

Venezuela Not Paying $2.8 Billion Bonds Now Held by Goldman Sachs

Venezuela continues to defy western financial attack by never knelling to western banks seeking to profit on the agony of its citizens. Goldman Sachs is betting on the current low priced state oil firm stocks, while the other arm of the Deep State is doing all it can to put in power Venezuelan opposition parties under its thumb. Continue reading Venezuela Not Paying $2.8 Billion Bonds Now Held by Goldman Sachs

Deep State is Losing Southeast Asia, Choosing Mutual Economic Progress instead of War

During the next five years, or at least, during the term of the Philippine strongman Mayor Rodrigo Duterte, no attempt at sowing acoustic and kinetic conflicts will be allowed in the South China Sea region. Continue reading Deep State is Losing Southeast Asia, Choosing Mutual Economic Progress instead of War

Nobody’s Stealing Your Jobs, You Spend Too Much on Wars | Alibaba’s Jack Ma

Chinese billionaire and Alibaba founder Jack Ma believes that improper distribution of funds and hyper inflated US military spending, not globalization or other countries “stealing” US jobs, is behind the economic decline in America. Continue reading Nobody’s Stealing Your Jobs, You Spend Too Much on Wars | Alibaba’s Jack Ma

Washington is Behind India’s Brutal Demonetization Project

In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Amidst all the commotion and outrage this caused, nobody seems to have taken note of the decisive role that Washington played in this. That is surprising, as Washington’s role has been disguised only very superficially. Continue reading Washington is Behind India’s Brutal Demonetization Project

Derivatives Clearinghouse Failures Could Bring Down International Financial System

For any financial system to work, it must earn the respect and trust of its participants. This requires every financial instrument to have the integrity as to its true value and redeemability, as readily established through a mutually verifiable transparent mechanism.

Continue reading Derivatives Clearinghouse Failures Could Bring Down International Financial System