US President Donald Trump has demanded that the Organization of Petroleum Exporting Countries do more to stop the surge in global gasoline prices. "The OPEC Monopoly must remember that gas prices are up and they are doing little to help. If anything, they are driving prices higher as the United States defends many of their members for very little $’s. [...]

WASHINGTON (Sputnik) - Half of Americans believe President Donald Trump’s aggressive use of tariffs threatens the country’s economic prosperity and their own personal finances, a Quinnipiac University poll revealed on Monday. "Trump's trade policies are bad for the US economy, voters say 50 — 39 percent and bad for their personal financial situation, voters say 46 — 35 percent," a press re [...]

The most incredible video of the coming Economic Collapse and the next Great Depression. Today, America is nearly 70 trillion dollars in debt, and that debt ... Economic Collapse Confirmed! $70 Trillion Dollar Dark Cloud Of Debt The Crash Is Coming! Prepare For Economic Collapse 2018 Stock Market Crash! Ron Paul: Economic progress under Trump is illusion, crash coming /* * [...]

The White House's tough trade practices and sanctions policies may finally backfire on the US, prompting holders of US debt to dump American Treasuries. The move could have a serious impact on the decades-long leadership of the US dollar. Russia and China are dumping their US Treasury debt holdings amid Washington's sanctions and tariff spree. [...]

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. [...]

These measures will only affect products that have analogues in Russia, Minister of Economic Development of the Russian Federation, Maxim Oreshkin said. "Because the US continues to apply protective measures in the form of additional import duties on steel and aluminum and refuses to provide compensation for Russia's losses, Russia is using its WTO rights and introducing balancing measures with re [...]

Max Keiser and Stacy Herbert look into whether the United States has entered the vicious ‘Medici cycle’, where money is used to get political power and political power is used to make money. Max and Stacy refer to the work of finance professor at the University Of Chicago Booth School Of Business, Luigi Zingales. [...]

German carmakers may be pushed out of the United States as President Donald Trump wants to stop them from cruising through New York, according to German magazine Wirtschaftswoche. It cited several unnamed European and US diplomats claiming that Trump told his French counterpart Emmanuel Macron in April he would stick to his trade policy for long enough until no Mercedes-Benz models were rolling do [...]

The global economy is facing a threat of a spiraling protectionist measures that can lead to a devastating crisis, Vladimir Putin warned. Nations must find a way to prevent this and establish rules on how the economy should work. The Russian president spoke out against the growing trend of using unilateral restrictions to achieve economic advantage, as he addressed guests of the St. Petersburg Int [...]

About 40 leaders of the world's largest investment funds with total assets of over $13.5 trillion will participate in SPIEF 2018. They will discuss with President Putin the “unjustified” assumptions about isolating Russia. According to the head of the Russian Direct Investment Fund, Kirill Dmitriev, about 40 leaders of the world's largest investment funds from 20 countries with total assets of [...]

US national debt tops $21 trillion for first time ever About a year ago, US President Donald Trump pledged to eliminate the national debt “over a period of eight years.” Treasury data now shows the debt has surpassed the $21 trillion mark this week for the first time in history. Last month Trump signed a suspension on the federal debt limit, allowing the government to borrow an unlimited am [...]

Capital investment in 24 of the EU’s 28 member states has fallen dramatically over the past ten years, according to Eurostat. Countries in Europe’s east and south experienced the biggest drops in investment after the 2008 crisis. Investment decreased on average by 2.3 percent, falling to 20.1 percent of GDP last year. It stood at 22.4 percent from 2007 to 2017 period. [...]

Get ready for a spike in oil prices up to $100 a barrel – a level not seen since 2014 – in 2019, Bank of America Merrill Lynch analysts forecast. Bank of America Corp said Brent futures, trading as high as $78 on Thursday, are expected to reach $90 in the second quarter of 2019, depending on geopolitical developments and other factors, with a risk it could hit as much as $100 per barre [...]

Prices for crude may skyrocket to $100 per barrel as soon as next year as major supply risks in Iran and Venezuela are likely to strain global energy markets, say analysts at Bank of America Merrill Lynch. According to the bank, Brent futures, currently hovering around $77, will reach $90 in the second quarter of 2019 due to the larger cut in world inventories. [...]

Living with ever-growing debt, which has passed $21 trillion, has become a trademark of the US economy. RT asked an analyst how long this can continue without serious problems for the world’s largest economy. US Treasuries and US foreign debt have long been supported by the dollar-printing machine, and this support may be ending, according to TeleTradeBel analyst Mikhail Grachev. [...]

After a stern warning about a calm before an economic storm, investor Peter Schiff has accused the US Federal Reserve of being oblivious to the upcoming crash. Seeking Alpha quotes Schiff as saying that yields have risen to levels unseen since the last financial crisis a decade ago, with yield curves currently flattening. [...]

A report by the UK House of Commons library has warned that the continued accumulation of wealth at the top will fuel growing distrust and anger over the coming decade unless action is taken to restore balance. According to the report, seen by The Guardian, if trends seen since the 2008 financial crash were to continue, then the top 1 percent will hold 64 percent of the world’s wealth by 2030. [...]

Thousands of people in one of America’s richest cities live on sidewalks infested with flesh-eating bacteria and tuberculosis. A Redfish Media report looks at the chronic homelessness crisis in Los Angeles. Homelessness in Los Angeles has increased 43 percent in just four years. [...]

The Wall Street Journal is accused by its employees of attempting to suppress its own story after a senior editor allegedly tried to bury a deep dive into the 2008 global financial crisis and its aftermath. The Wall Street Journal (WSJ) published on Tuesday a graphics-heavy in-depth study on the aftermath of the world-shaking 2008 financial crisis, particularly noting that banking and investmen [...]

The historic launch of the long-awaited trading of Chinese crude futures this week has stirred up a heated debate among analysts as to whether the new commodity product will prosper or flop. Some market analysts expressed doubts over the success of the petro-yuan, citing Beijing’s yearning for total control over trading as one of the key reasons for a potential bust. [...]

A bitterly-fought political campaign to address the rapidly-growing homeless population in a wealthy southern California county points to the yawning inequality gap in the US. A wide-ranging plan in southern California's Orange County that was intended to relocate hundreds of homeless — including children, women and the elderly who had been forcefully kicked out of long-term camps by placing the [...]

Some 42 percent of elderly US citizens have less than $10,000 put aside for their golden years, according to the report by a personal finance resource GoBankingRates, which polled over 1,000 adults last month. The survey, carried out for the third consecutive year, suggests that a lack of planning and savings, along with a longer life expectancy, may shatter people’s retirement dreams. [...]