Renowned economist Richard Wolff dives deep into the U.S. decision to impose a 100% tariff on Chinese electric vehicles, explaining why this move is not just ineffective but “self-defeating.” Professor Wolff outlines how…
Category: Economy
The BRICS nations are upending global trade, leaving US farmers struggling. As BRICS countries bypass US banks and trade systems, American agriculture is losing its grip on global price discovery. Corn, soybean, and wheat…
President Putin: BRICS DEVELOPING OWN PAYMENT FRAMEWORK It will allow member states to effectively and independently service trade with each other, the Russian president has said The BRICS member nations are jointly developing a payment…
With less than a month before the crucial BRICS annual summit in Kazan under the Russian presidency, serious informed discussions are raging in Moscow and other Eurasian capitals on what should be at the table…
How powerful is the Rothschild banking family? How did they amass their fortune? Just how rich are they? Do they secretly control the world? Media-shy banking firm Rothschild & Co popped up in the…
The country spends more than a trillion dollars a year on servicing its national debt, according to the tech billionaire The cost of servicing the vast US federal debt now outstrips the defense budget, Tesla…
US Federal Reserve Chairman Jerome Powell repeated his long-running warning about US debt levels being “unsustainable” at a European forum on central banking last month. In February, El Salvadoran President Nayib Bukele warned that the…
The American economy is too financialized to withstand any sustained drop in asset prices, … and so many Americans (particularly the elite classes) are so dependent on the prices of financial assets for their wealth…
Global markets saw a sell-off on August 5 over fears the US might be heading for recession. Japan’s stocks plummeted to their lowest level in 37 years, European markets tumbled, while Mideast financial indicators went…
Japan’s Nikkei had its worst day since 1987 on Monday, with other Asian markets plunging and European stocks nearing six-month lows Stock markets around the world plunged on Monday, with shares tumbling amid fears that…