Ukraine’s minister for economic development and trade, Aivaras Abromavicius, who is one of several foreign experts in the government who was brought in to help Kiev with reforms, has announced his resignation, citing corruption levels in the state. [...]

The United States federal debt has surpassed $19 trillion for the first time in history according to the Treasury Department. However, the real figure could exceed $65 trillion, according to a former US Comptroller General. The official debt of $19 trillion represents almost $60,000 for every man, woman and child living in America today. [...]

A case can be made that for Moscow it would be a tremendous waste of hard-earned foreign exchange to try to counter a rig against their currency they simply cannot beat, as the entire fiat financial power of the US is against them. Russia’s Central Bank by now should be all-out selling rubles for gold, and building Russia’s gold reserves. Well, it is happening, somewhat. [...]

The World Economic Forum in Davos is submerged by a tsunami of denials, and even non-denial denials, stating there won’t be a follow-up to the Crash of 2008. Yet there will be. And the stage is already set for it. Selected Persian Gulf traders, and that includes Westerners working in the Gulf confirm that Saudi Arabia is unloading at least $1 trillion in securities and crashing [...]

The 2008 Wall Street crash resulted from a combination of unrestrained greed and political contempt for government regulators who might have prevented the devastation. In The Big Short, the tale is told from the perspective of a few players who saw the inevitable and made money on the crash, writes James DiEugenio. If you read Michael Lewis’s book The Big Short or see the movie by the same na [...]

The goal? A total revamp of the economic system that sidelines the interests of the majority. The time? Now. And the stakes couldn't be higher. At issue is the global inequality crisis that is "spiraling out of control," an alliance of nine groups including Amnesty International, Association for Women's Rights in Development, Greenpeace, International Trade Union Confederation, and Oxfam says, [...]

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 financial situation in the world has become so unstable that a new wave of defaults and bankruptcies will soon emerge, says William White, the chairman of the OECD's review committee and former chief economist of the Bank for International Settlements (BIS). [...]

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 [...]

President Obama said in his State of the Union address last night: “Now, what is true — and the reason that a lot of Americans feel anxious — is that the economy has been changing in profound ways, changes that started long before the Great Recession hit; changes that have not let up. [...]

The Dow Jones Industrial Average lost 391.86 points (2.39 percent) on Friday, making it the largest daily point loss since September of last year. The sell-off was triggered by plummeting oil prices and turmoil in Chinese markets. The Dow hasn’t seen such a momentous loss since September 1, 2015 [...]

The truth about the elites agenda is about to ‘slap us in the face’. No longer do they hide behind closed doors—no—they are wide open about their cause and they are laughing at the masses while secretly planning our economic downfall. The collapse of the dollar will be the single largest event in human history. [...]

Why is the economy barely growing after seven years of zero rates and easy money? Why are wages and incomes sagging when stock and bond prices have gone through the roof? Why are stocks experiencing such extreme volatility when the Fed increased rates by a mere quarter of a percent? It’s the policy, stupid. And here’s the chart that explains exactly what the policy is. [...]

With the collapse of the US dollar or an economic collapse we need to consider the sociopolitical effects as well as the financial effects. Ron Paul gives the details. It will likely be the tipping point at which the US government becomes sufficiently desperate to implement official restrictions on the movement of people and their money, nationalization of retirement savings, and other forms of [...]

By considering Ron Paul's words on the petrodollar, we will know when the dollar collapse is imminent. The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the bet [...]

On this Tuesday, January 12 edition of the Alex Jones Show we cover the alarming crash of the Chinese stock market as the Shanghai Composite Index enters free fall. We also cover the failure of Muslim migrants to integrate in Europe and the negligence of European politicians as they refuse to address the rape crisis on the continent while Germans demand the resignation of Chancellor Andrea Merkel. [...]

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. [...]

Confirming API data overnight, DOE reports that while total inventories of crude rose less than expected (+234k vs +2.1mm exp.) Gasoline and Distillates saw a massive build once again. Gasoline inventories rose 8.44mm barrels (following last week's 10.6mm record build) is the biggest 2-week inventory build in history. Crude has crashed back from overnight "China is buying oil" demand hopes. [...]

Step-by-step Russia, China and other emerging economies are taking measures to reduce their dependence on the US dollar, F. William Engdahl notes, referring to Russia's crude oil benchmark initiative; the move could deal a dramatic blow to the "petrodollar's" dominance. [...]

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 [...]

With corruption rampant and living standards falling, Ukraine may become the next failed state that “benefited” from a neoconservative-driven “regime change,” though the blame will always be placed elsewhere – in this case, on the demonized Russian President Putin, writes Robert Parry. Nearly two years since U.S. officials helped foment a coup in Ukraine – partly justified by corrup [...]

A lot of Ukrainian citizens understand that the worst for their country is yet to come. The current government which is on the brink of collapse will not be able to reform the country's "rotten system", Frankfurter Allgemeine Zeitung wrote. It is unlikely that Ukraine will be able to come out from the current crisis. The government is stuck in internal squabbles, while the country is being run [...]