The definition of a failed state according to some experts is: A failed state is a political body that has disintegrated to a point where basic conditions and responsibilities of a sovereign government no longer function properly. Another characteristic of a failed state includes a central government so weak or ineffective that it has an inability to raise taxes or other support and has little pra [...]

Global use of the US dollar as a currency may decline further to 40-45% within the next 2-3 years. March 2023 brought an economic bloodbath in the United States. One of the most prominent American banks, the Silicon Valley Bank, which was counted as one of the top 20 banks in the US with over $215 bn in assets, collapsed. The bank suffered a massive loss of $1.8 bn due to the interest hike on US [...]

US Banking Crisis: Two More Banks On the Brink of Collapse? | Vantage with Palki Sharma The US banking crisis is far from over. Regional banks suffered more losses and investors are pulling out money. Two more banks are on the brink of collapse. Is the US prepared? [...]

April 12th, UN spokesperson Dujarric announced that the UN was discussing the issue of Russia's banks being allowed to rejoin the SWIFT payment system. The SWIFT payment system is one of the most crucial financial infrastructures globally. In February 2022, the US and other Western countries issued a joint statement that excluded some Russian banks from the system. The War You Don't See traces th [...]

The Rise and Fall of Great Powers? America, China, and the Global Order. The costs of sustaining the US's new 'Empire' will become apparent to its public only when these costs directly accrue to them. This will happen, as this article suggests, only when (i) other nations stop subsidizing the US's imperial adventures by colluding in them and (ii) the dollar loses its role as the world's reserve cu [...]

"Credit Suisse is just the latest bank warning of structural collapse as the orchestrated financial slide continues. The Biden administration is saying it's not a bailout but what would you call it when the government steps in to pay off deposits? And why didn't the government save FTX depositors? BAILOUT Reveals RIGGED System Against Small Businesses Yellen WARNS Again! The U.s. Is In Econo [...]

Europe stares at recession: Euro hits 20-year low. Global recession fears: India emerges as the bright spot. China power crisis: Shanghai skyline goes dark. America’s student debt crisis: $1.6 trillion. Why are young people dying of heart attacks? [...]

Governments are spending hundreds of billions of euros to ease the pain of high gas prices. It may not stop a deep recession. The economic damage from the shutdown of Russian gas flows is piling up fast in Europe and risks eventually eclipsing the impact of the global financial crisis. With a continent-wide recession now seemingly inevitable, harsh winter is coming for chemical producers, [...]

In Germany, they pointed to the desire of the United States to ruin Europe. Forecasts for the German economy are becoming more gloomy every day. But there are winners in this situation – the United States. Only the United States is interested in aggravating the situation in Ukraine and expanding the theater of hostilities, says economics professor Christian Kreis. According to him, a war inv [...]

The drop in oil prices is likely to be short-lived, veteran stock broker Peter Schiff told RT, since the deflation of the whole US debt bubble and crash of the dollar will make the prices of oil and other commodities bounce up. Decline in demand for oil due to the coronavirus epidemic, further reinforced by the demise of the OPEC+ production cuts agreement, has crashed the US and world markets, se [...]

West Texas Intermediate oil prices have gone negative in a record low for the US benchmark, as the market continues to crater amid the general economic collapse. Vanishing demand and a glut of supply have combined to heavily impact the US benchmark fuel, with prices dropping from $18.27 to close at -$37.63 a barrel on Monday – down over 300 percent from the previous day’s close. It's the first [...]

The Covid-19 market turmoil set off a chain of flashbacks in my mind, from crisis to crisis over the past 40 years. They all fit together in a picture of Wall Street fraud and criminal policies, with the virus as the last straw. Last week, I spoke with a young stock trader currently working on Wall Street. I remember saying: “The last time I remember seeing volatility like this in markets, my 40 [...]

Time to buckle up: economists believe the looming Covid-19 crash will throw millions out of work and bankrupt thousands of businesses across the globe in a downturn that might even surpass the Great Depression of the 1930s. Economics is the study of choices, and never more so than now. It’s now clear that, with the coronavirus pandemic causing widespread chaos that economists believe will cause [...]

US Treasury Secretary Steve Mnuchin announced that the Trump administration may send checks to Americans “in the next two weeks” to fight the economic fallout of the COVID-19 novel coronavirus. Though the amount is unknown, an economics expert tells Sputnik that the government has already failed on the matter. “We’re looking at sending checks to Americans immediately,” Mnuchin said durin [...]

An emergency response from the US Federal Reserve failed to calm investors amid the coronavirus panic and led to another market bloodbath. However, it didn’t have any other options, a former Fed insider believes. If the Fed had been silent then we might have even seen more disruption,” Danielle DiMartino Booth said in an interview with RT’s Boom Bust. “Sadly, they’ve backed themselves in [...]

US Treasury Secretary Steve Mnuchin has promised immediate financial relief “within the next two weeks” to Americans hit hard by the coronavirus recession - plus a massive financial aid package for the airline industry. The Trump administration will be sending a check to Americans within the next two weeks for an undetermined amount, Mnuchin announced at a press conference on Tuesday. [...]

The global markets’ current implosion was 100 percent guaranteed, former Wall Street stockbroker Max Keiser told RT. According to him, the financial markets are best described as a “quadrillion-dollar Ponzi scheme.” “Central banks’ policy of allowing governments and corporations to borrow, at virtually no cost, against decades of future consumption to consume now, hollowed out the global [...]

After suffering the worst stock market crash since 1987, the US Federal Reserve has announced a $1.5 trillion injection to ease strained capital markets. It is the biggest action by the Fed since the 2008 financial crisis. RT’s Boom Bust is joined by the CEO of Euro Pacific Capital Peter Schiff to find out if the Fed’s actions are enough to stop the stock market bloodbath. [...]

The international financial watchdog earlier estimated the recent trade rows had already cost the world economy about $700 billion or an 0.8 percent slump in global GDP, outlining the data in a soon-to-be-published annual report by the IMF. [...]