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 [...]

Last week, the IMF issued a stark warning about the global economy. While most large Western states are vulnerable to a new crisis, Russia has prepared its defenses. Kristalina Georgieva isn’t any sort of conspiracy theorist; she’s the head of the International Monetary Fund. And when she warns that the global economy risks another “Great Depression,” you would think everyone would listen. [...]

Forecasting the imminent demise of European banks, an expert talks RT’s Keiser Report through last week’s repo market meltdown and what it may indicate. “The treasuries that settled last week didn’t go well on the funding market – the Fed had to step in and do a $75 billion repo facility on an overnight basis for these treasury securities,” [...]

Gold has reached a more than six-month peak rising above $1,300 as investors rushed to seek refuge in the metals after iPhone maker downgraded its revenue forecast and amid fears of a global economic slowdown. The precious metal futures climbed in a second straight session on Thursday after US stocks saw the worst start of the year in more than a decade. [...]

The year-on-year surge in US sovereign debt has totaled $1.37 trillion, the latest data released by the US Treasury Department shows. The national debt reportedly rose to $21,863,635,176,724.12 as of December 20 of the current year compared to $20,492,874,492,282.58 on December 25, 2017. [...]

Economic experts from major international financials, academic circles, and government agencies say the US is facing mounting risks of a recession due to elevated uncertainty in international trade, a possible slowdown in domestic investment, and rising costs of doing business. [...]

It is an epic paradox that President Donald Trump, like previous US presidents, boasts of America’s military supremacy and its vital role as defender of the nation. The Trump administration in its first year in office boosted the annual military budget to $700 billion, up from an already gargantuan average figure of some $600 billion a year. [...]

Those colorfully-dressed workers making sure your US short-haul domestic flight is properly packed, safely inspected and flight-ready are not paid enough, frequently requiring social services to live. Although employer American Airlines posted a shareholder-pleasing $1.9 billion profit in 2017, many of its workers are scrambling at the poverty line, selling their blood and receiving food stamps [...]

America is often referred to as the "Land of the Free," but as citizens prepare to celebrate the Fourth of July, their satisfaction with the country's freedom is significantly lower than it was a decade ago, according to a newly released Gallup poll. The survey found that although 91 percent of Americans were satisfied with the freedom in their lives in 2006, only 75 percent feel the same way t [...]

The answer is crystal clear. For years, Social Security has served as a key source of income for millions of retired Americans. In fact, these days, an estimated 61% of retirees rely on their benefits to provide at least half of their income. The problem, however, is that Social Security was never designed to cover seniors' living costs in their entirety. So when we ask whether the average America [...]

The major takeaway from the US Presidential election, and from the events which have shaped the first two weeks of Donald Trump’s Presidency - both his actions and the reactions of his opponents - is that America is tired. It is not difficult to see why since the US has for decades been behaving in a way that was guaranteed eventually to exhaust it. [...]

In the article below by CNN Money, it says that Americans are becoming fearful of a future with a ’Dead-End Economy, Crap Jobs, and Awful Wages, and they have every reason in the world to think that way, because they’ll be lucky if it’s that... [...]

The US economy is generating breathtaking wealth for an elite minority of the population at the expense of millions of people now tumbling through the gaping cracks of the system. So why do we continue to watch the painful spectacle year after year? America’s once-glorified middle-class is on its way to being relegated to the history books; an artifact of a bygone era when good-paying jobs, c [...]

The Titanic we all know as the Global economy appears to be moving along at full speed. But signs of sea ice are dead ahead. Is the economy moving? The Baltic Dry Index has hit a new low. The Baltic Dry Index is the assessment of the price of moving all of the globes major raw materials by sea, including commodities like coal, grain, and iron ore. Tyler Durden of Zero Hedge reports “ Last wee [...]

Sure, last year was the first pre-election year stock market loss since the Great Depression. And admittedly, last week was the worst opening week of any year … EVER. But that’s not the big news. The bigger news is that the Baltic Dry Index has crashed. [...]

America presents itself to the world as “the land of the free” but – for the vast majority – it is a place of enslaving indebtedness, a reality for much of “the 99%” that has deep historical roots hidden or “lost” from our history, as Jada Thacker explains. Since its center-stage debut during the Occupy Wall Street movement, “the 99%” – a term emblematic of extreme economi [...]

US stocks tumbled after China's stock market crashed seven percent overnight on Thursday and crude fell to the lowest level in more than 12 years. In the recent four days, the Dow Jones index has plummeted 911 points, or more than five percent so far in 2016, making it the worst four-day percentage loss to start a year on record since 1897. [...]

A curious thing happened today. To quiet protests over food, president Petro Poroshenko ordered the minister of the food reserve to fill the shelves of stores with flour, sugar, canned meat, and buckwheat from the reserve. Well guess what? There was no food in the reserve. It has either been looted (like the vanishing gold), or it was fed to the army. [...]

The Bank of Russia took another step towards a free float ruble by abolishing the dual currency soft peg, as well as automatic interventions. Before, the bank propped up the ruble when the exchange rate against the euro and dollar exceeded its boundaries. "Instead, we will intervene in the currency market at whichever moment and amount needed to decrease the speculative demand,” the bank’s [...]

Hope is a strange beast. Without it life becomes devoid of meaning. Without meaning, existence becomes a chore. Europe's youth lack hope, as an entire generation become victims of political ineptitude and older leaders who simply don't seem to care. Generational struggles have always existed, and angry kids decorated them. From James Dean’s red-jacketed firebrand in ‘Rebel Without a Cause� [...]

Six years after the Lehman disaster, the industrialized world is suffering from Japan Syndrome. Growth is minimal, another crash may be brewing and the gulf between rich and poor continues to widen. Can the global economy reinvent itself? A new buzzword is circulating in the world's convention centers and auditoriums. It can be heard at the World Economic Forum in Davos, Switzerland, and at the [...]

"We need the money," said Emilio T. Gonzales, director of Citizenship and Immigration Services in a May 30, 2007 article in the LA Times. Citizenship Renunciation Fee up more than 400% as of as of Sept. 12, 2014! [...]