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Economy

Russia & China preparing to ditch dollar for national currencies in trade – top official

Russia’s Ministry of Economic Development said on Thursday that Moscow and Beijing are working on an inter-governmental agreement to boost the use of the ruble and yuan in mutual trade settlements. “The document is currently being prepared, the process is not easy,” said Deputy Minister of Russia’s Economic Development Sergey Gorkov, as quoted by TASS.

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Yanis Varoufakis: “MONEY AND POWER” | Public Lecture 2015

“Flooding Europe with Democracy” | Public lecture at Vienna’s University of Economics Vienna University of Economics and Business (WU) is the largest business and … in Europe, and it hosts 450 annual exchange students from 210 universities and 50 … Students love to talk business at WU, but student activities, including sports … With a […]

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Beginning of the end? US equities sell-off wave affecting global economy – Jim Rogers

The sell-off wave that has hit US equities this week is also affecting the world’s other economies, veteran trader Jim Rogers has told RT. The investor is predicting a ‘very bad’ bear market ahead. America is [the] largest debtor nation in the history of the world and the largest economy in the world.

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Will Trump’s Trade War Spur a Major Crash?

Anya Parampil reports on blowback from metals tariffs, specifically Ford’s $1 billion loss in profit that could lead to layoffs of up to 24,000 workers. Richard Wolff, Professor Of Economics & International Affairs and Co-Founder of “Democracy at Work” joins the show to explain why Trump’s “America first” policies are resulting in losses for US […]

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Think Trump’s economy is booming? It’s a corporate debt bubble blowing up – RT’s Keiser Report

US Initial Jobless Claims have hit their lowest level since 1969, with consumer confidence reaching its highest in decades. Things are looking pretty good until you start discussing averages, says Mish Shedlock of MishTalk.com.

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Soaring by $38,000 per second: US national debt now exceeds $21.5 trillion

The latest data from the US Treasury Department shows America’s gross national debt ballooned by $1.2 trillion to a breathtaking $21.52 trillion on September 28, the last day of fiscal year 2018.

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We’ve Reached “Never Never Land” Accounting

There is good reason people are going to real assets. The U.S. government is “missing” $21 trillion between the DOD and HUD. This fact was uncovered by Fitts and economist Dr. Mark Skidmore last year. What was the government’s answer to this gigantic accounting fraud that is the size of the federal deficit? Give the […]

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Fitch slashes global economic growth forecast over US-China trade war

International rating agency Fitch has downgraded its 2019 global GDP forecast. The worsening trade conflict between Washington and Beijing is behind the decision, it said. According to Fitch, protectionist US trade policies have now reached the point where they are materially affecting what remains a strong global growth outlook.

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Russian stock market hits another all-time high amid further ruble growth

The Ruble-traded MOEX stock index is enjoying a bumper week as it reaches all-time highs on an almost-daily basis.The growth is linked to the strengthening Russian currency despite a threat of new US sanctions and high oil prices.

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Trump Tariffs Causing Scaled Pressure on US Enterprise – Federal Reserve

WASHINGTON (Sputnik) – Tariffs imposed by the US government on metals and other imported goods are causing widespread pressures for manufacturers and businesses in the United States, the Federal Reserve said in a report. “All Districts noted fairly widespread input price pressures, particularly for construction materials and freight transportation,” the report released on Wednesday said.

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Russian stock market hits all-time high as ruble strengthens despite US sanctions pressure

The recent growth in the Russian currency has helped the ruble-traded MOEX index reach an all-time high on Tuesday. The index rose to 2,390 points for the first time in history after the ruble strengthened to 67.7 against the dollar and 79.1 against the euro. Earlier in September, the Russian currency had suffered a deep […]

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Majority of Economists Think Tariffs to Harm US Economy – Survey

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.

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The next potential superpower

In this episode of the Keiser Report, Max and Stacy look at the question of “whether or not China has what it takes to be a superpower?” In the second half of the show, Max interviews Dr. Michael Hudson, the author of the soon-to-be-released book, ‘…and forgive them their debts: Lending, Foreclosure and Redemption — […]

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Death knell tolls for the euro as more European nations repatriate gold – expert to RT

The latest trend among European countries of bringing home their gold reserves has been raising concerns in Brussels. RT talked to Claudio Grass of Precious Metal Advisory Switzerland to understand what’s behind that trend. According to Grass, the process means disintegration, which usually comes with instability, unrest, more government intervention and control.

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Is the US a Third World country when it comes to infrastructure? RT’s Boom Bust investigates

RT’s Boom Bust show presents the second part of a special project that looks into the quality of the US infrastructure. Even President Trump admitted that, when it comes to airports, the US is like a Third World country. Infrastructure is one of the major issues in the US as it affects the lives of […]

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