Economy

Hunger Rising Dramatically Across US Amid Record Stock Market Highs

Debates in Congress over a new COVID-19 relief bill have dragged on for months, even as new coronavirus cases have hit record highs. A slew of federal programs designed to alleviate the economic impacts of pandemic shutdowns will expire in weeks, setting the stage for a series of crises that could leave millions more in […]

Save
Economic Collapse 🎞️

Stephen Vizinczey says all a great power has to do to destroy itself is persist in doing the impossible… Like bankruptcy, societies and complex systems collapse slowly then all at once. The cycles that civilisations go through are well documented and whilst in hindsight it’s glaringly obvious to understand what drove the breakdown, in real […]

Save
  • EnglishFrenchGermanItalianPolishPortugueseRussianSpanishUkrainian
  • Recent Posts

‘Not Out of the Woods Yet’: US Economy Forecast as Sliding Towards ‘Double Dip’ Recession

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” […]

Save
COVID-19: Wage War Against the Philosophy of War

Given the continued disruptions caused by the pandemic and uncertainty about a vaccine, it would behoove the countries of the world to dial down tensions and expand collaborations, writes Vijay Prashad. In mid-October, the International Monetary Fund (IMF) released its World Economic Outlook report, which offered some dizzying data. For 2020, the IMF estimates that the global […]

Save
US left out as Asia Pacific nations strike world’s biggest trade deal

Ten members the Association of Southeast Asian Nations (ASEAN) and five other Asia-Pacific countries, including regional leader China, have inked the world’s largest free-trade pact that covers nearly a third of global economy. The long-discussed agreement, officially known as the Regional Comprehensive Economic Partnership (RCEP), was signed on the sidelines of the annual ASEAN summit […]

Save
China about to pull off ‘diplomatic coup’ by striking world’s largest free trade agreement

Fifteen Asia-Pacific nations including China and Japan plan to sign the world’s biggest free trade deal this weekend. The FTA will cut tariffs, strengthen supply chains with common rules of origin, and codify new e-commerce rules. The Regional Comprehensive Economic Partnership (RCEP) is expected to be announced at the Association of Southeast Asian Nations (ASEAN) […]

Save
Over half of Europe’s smaller firms may be bankrupt within a year – McKinsey poll

More than 50 percent of small and medium-sized businesses (SMEs) operating in Europe’s top-five economic powerhouses fear they will have to close in 12 months as they’re struggling to stay afloat amid the coronavirus crisis. The pandemic has pushed down the revenues of more than 70 percent of European companies, according to the results of […]

Save
The $20 TRILLION threat that could trigger the next financial meltdown

A number of recent reports suggest that the financial risk from climate change could be much greater than previously anticipated, and that entire asset classes could come under fire as temperatures continue to rise. Trillions of dollars of market value could go up in smoke due to climate change. The damage hits the global economy […]

Save
Rolls-Royce junk? Legendary British firm’s credit rating cut below investment grade

Ratings agency Standard & Poor’s (S&P) has downgraded engine maker Rolls-Royce’s credit rating to junk, citing the disruption caused to global air travel from the coronavirus pandemic. The British company’s rating has been lowered to “BB” from “BBB”, (below investment grade) in response to Rolls-Royce’s worsening near-term prospects as whole fleets of planes remain grounded.

Save
With US economy dead since 2008, only thing left for Fed is to print trillions of dollars in debt 🎞️

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. […]

Save
THE GREAT RESET (Explained!)

We’ll be looking at: – What is The Great Reset? – What is the World Economic Forum? (WEF) – What is the significance of Davos, Switzerland? – Who pays for the Davos conference? – Who are the key players involved? – What is the 4th Industrial Revolution? – And finally, could there be a potential […]

Save
The “controlled” demolition of the American Empire

An empire is at its most dangerous when it’s failing. With less and less to lose, it continues to try to do the impossible by doubling down on past mistakes. But history tells us that empires fall from within. If so, technically, how does a modern empire meet its inevitable fate? Author Charlie Robinson joins host […]

Save
Russia to dominate world’s platinum & palladium production with new Arctic project

The Arctic Palladium project which involves development of several platinum-group metal deposits on Russia’s Taimyr Peninsula is nearing completion. It is expected to turn Russia into the world’s top producer of platinum metals. The platinum-group metals (PGMs) is a group of six metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum. They have similar physical and […]

Save
Why China is better prepared than other economic powers for any global crisis

While the world’s second-largest economy, China, has suffered its first contraction on record due to the Covid-19 pandemic, some experts argue the country has been preparing for a possible crisis for a long time. RT talked to economists to find out if Beijing may have foreseen the economic crash and about the Chinese government’s response […]

Save
We’re at peak insanity: The Fed’s fiscal profligacy and greedy tech oligarchs are sinking capitalism faster than the Titanic

During my 40-year Wall St career, I’ve never seen a mania like this. The problem is that central banks are rogue hedge funds with printing presses who are not elected or accountable and make policies that are consistently wrong. US stock markets were rocked last week by massive volatility that saw the most significant declines […]

Save