Category Archives: Economy

Russia Writes Off More than $20 Billion African Debt

Unlike its Western “partners”, which force their client states to perpetual capitulation via onerous debt, Russia released the African population from their debt obligation of more than $20 billion and further promised to double its economic cooperation with the continent in the foreseeable future.

Continue reading Russia Writes Off More than $20 Billion African Debt

Federal Reserve Intervenes with Massive Repo to Inject Cash into Money Markets

For the first time since 2008 the private central bank Federal Reserve has intervened in the money markets due to “unusually high demand for cash,” that sends borrowing costs soaring high, with massive $53 billion repo on Tuesday, and another $75 billion on Wednesday.

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The World is Dedollarizing

What if tomorrow nobody but the United States would use the US-dollar? Every country, or society would use their own currency for internal and international trade, their own economy-based, non-fiat currency. It could be traditional currencies or new government controlled crypto-currencies, but a country’s own sovereign money. No longer the US-dollar. No longer the dollar’s foster child, the Euro. Continue reading The World is Dedollarizing

Concentration of Wealth is Driving a New Global Imperialism

Regime changes in Iraq and Libya, Syria’s war, Venezuela’s crisis, sanctions on Cuba, Iran, Russia, and North Korea are all reflections of a new global imperialism imposed by a core of capitalist nations in support of trillions of dollars of concentrated investment wealth. This new world order of mass capital has become a totalitarian empire of inequality and repression. Continue reading Concentration of Wealth is Driving a New Global Imperialism

Obama Appointed WB President Jim Yong Kim Abruptly Resigns, Here's why

The Obama appointed World Bank President Jim Yong Kim has announced his early retirement to make way for a Trump appointed CEO in The Bank. There’s a deeper, behind the scenes maneuvering in the world’s financial sector that is shifting paradigms and people across various organizations. Continue reading Obama Appointed WB President Jim Yong Kim Abruptly Resigns, Here's why

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?