Joe Biden has just passed numerous tariffs against China. But these tariffs will not help America close the manufacturing gap with China, nor will it stop China's rise. The real loser in this entire trade war is the American consumer, who will pay more for the products they need. In today's video we break down the new tariffs against China, the myth of overcapacity and how the US is facing an inco [...]

The Russian President on May 23 issued Decree No. 422, establishing a procedure to seize the assets of US persons within Russian jurisdiction. The announced purpose of the decree is to provide compensation for the damage caused to Russia and the Central Bank of Russia by the actions of the United States. Russia Responds With $440 Million Sanction On JP Morgan Assets Warren Buffett: "A Storm [...]

Atlas Capital chief economist Nouriel Roubini breaks down how recession, a debt crisis, and out-of-control inflation makes the 'perfect storm' on 'Maria Bartiromo's Wall Street.' US now chopped liver after Biden’s handling of Middle East: KT McFarland Saudi-U.S. Ties In Flux?| Nuclear Race Intensifies | Oscar Win For India| Vantage With Palki Sharma [...]

The continuing surge of coronavirus cases across the US along with the inevitable restrictions that are employed to stave off the spread of the pandemic are forecast to weigh heavily on economic recovery. The US economy is predicted as heading towards a potential contraction in economic growth early next year, marking the first "double dip" recession in the country’s history since the e [...]

The US Federal Reserve’s balance sheet could skyrocket to more than $9 trillion by the end of this year, amid massive interventions to shield the economy from the coronavirus pandemic, according to the Financial Times. RT’s Keiser Report looks at the chart, showing that in 2007 there was “barely anything” on the Fed’s balance sheet. “The crisis hit in 2008 and you see the injustice [...]

Most major global economies have already been affected by the outbreak, which has forced many workers to stay in their homes and almost entirely dried up the restaurant and hospitality industries. The US economy is facing the prospect of sustaining a heavier blow from the COVID-19 coronavirus outbreak than it suffered from the financial crisis between 2008 and 2009, according to the estimates of e [...]

Tuesday's US stock plunge following a massive selloff on global markets is seen by some analysts as a sign of more bad things to come. RT talked to veteran stock broker Peter Schiff to explore the issue in depth. After the dramatic early drop, US stocks recovered but finished lower after a wild day on Wall Street. [...]

WASHINGTON (Sputnik) - More than 90 percent of economists believe tariffs will have a negative effect on the US economy, a poll conducted by the National Association for Business Economics (NABE) showed on Monday. [...]

What’s sometime referred to as ‘shadow bankers’ have been running the economy and drafting US domestic economic policy since Trump took office. ‘Shadow’ banks include such financial institutions as investment banks, private equity firms, hedge funds, insurance companies, finance companies, asset management companies, etc. [...]

The US economy died when middle class jobs were offshored and when the financial system was deregulated. Jobs offshoring benefitted Wall Street, corporate executives, and shareholders, because lower labor and compliance costs resulted in higher profits. These profits flowed through to shareholders in the form of capital gains and to executives in the form of “performance bonuses.” Wall Stre [...]

Entrepreneurism in American has been on the decline for at least 30 years, a new report suggests, and for the first time in three decades the number of business "deaths" in the United States exceeds that of "births." The report, published on Monday this week by economists from the Brookings Institute, examines business dynamism in America — or how the process by which firms are continually bo [...]

EU leaders are furious that the US is making lots of money from the proxy war in Ukraine by selling weapons and exporting expensive natural gas. Meanwhile European industries are being destroyed as high energy prices and US subsidies push its companies to go overseas. [...]

Federal Reserve's latest meeting minutes released on 23 November. After four consecutive interest rate hikes of 75 basis points, the vast majority of participants believed that the Fed would soon slow down the pace of rate hikes. This is because, in their view, continuing to raise rates sharply would increase the risk of instability or disruption to the US financial system and the US national debt [...]

The Rise and Fall of Great Powers? America, China, and the Global Order. The costs of sustaining the US's new 'Empire' will become apparent to its public only when these costs directly accrue to them. This will happen, as this article suggests, only when (i) other nations stop subsidizing the US's imperial adventures by colluding in them and (ii) the dollar loses its role as the world's reserve cu [...]

The world's growing eastward shift of economic dominance was one of the most obvious themes in 2022. The Shanghai Cooperation Organization's continual strengthening originally helped to achieve a lot of this migration (or SCO). 2023 appears to be the year that the BRICS bloc will have the greatest influence on the world's economic and geopolitical landscape. This is because the BRICS group of fiv [...]

As the world becomes more interconnected and globalized, countries are seeking to align themselves with others that share their values and goals. Mexico's interest in joining the BRICS group is a clear example of this trend. Read more...Mexico the second largest economy in South America after Brazil has considered a possible partnership with the BRICS countries, being an important country for [...]

The Austrian economy could encounter its worst crisis in almost eight decades, the Finance Ministry says. Magnus Brunner pointed to EU sanctions against Russia as the primary cause of the downturn and said predicting an end to the crisis is impossible, as the current situation could recur in the coming years. [...]

Despite the Anglo Alliance of the US-UK claiming that a Russian invasion is “imminent,” Ukrainian President Volodymyr Zelensky said the situation is not “more intense” than it was in April. In fact, despite leading the imminent Russian invasion propaganda since March 2021, he now complains that Western media creates a false image of the situation and hurts the country’s already strugglin [...]

Production disruptions caused by the Covid-19 outbreak could cost the global economy twice as much as a hypothetical global military conflict, according to figures cited in a recent research by the McKinsey Global Institute. In a report headlined ‘Risk, resilience, and rebalancing in global value chains’, the analysts of US-based consulting firm McKinsey evaluated various risks of a manuf [...]

US Secretary of State Mike Pompeo is calling for “an alliance of democracies” to confront China. It amounts to a new Cold War in which nations are being forced to side either with Washington or Beijing. It’s a classic tyrannical power-play by Washington, yet ironically it is the Americans who are accusing Beijing of being the “new tyranny” in the world. [...]

One of the only countries in Europe not to institute strict lockdown measures amid the coronavirus crisis, Belarus has so far managed to keep virus-related fatalities impressively low. Belarusian President Alexander Lukashenko has taken a shot at the world’s elites, accusing them of taking advantage of the coronavirus pandemic to put “trillions of dollars in their pockets” while the [...]

Wall Street’s main indices are down after opening on Monday for the first ever all-electronic trading session, which is aimed at protecting New York Stock Exchange employees from the coronavirus. Both the Dow Jones Industrial Average and the S&P 500 are down around two percent. The Nasdaq Composite, an index comprised of America’s top technology companies, is down slightly in early tr [...]