The U.S. dollar has been the world’s major reserve currency for decades, but that status could come under threat as “very powerful countries” seek to undermine its importance, warned Anne Korin, from the Institute for…
Category: Economy
Neoliberalism is – literally – burning. And from Ecuador to Chile, South America, once again, is showing the way. Against the vicious, one-size-fits-all IMF austerity prescription, which deploys weapons of mass economic destruction to smash…
… Hoover was blamed and lost re-election to Democrat FDR with his New Deal. Behind all were the actions of the Federal Reserve, the real power. Soon it will be clear if 2020 will be…
Remarks to the 2019 Saudi Aramco Management Development Seminar There is currently a good deal of hysteria here in Washington about something called “authoritarianism” allegedly taking the offensive against democratic systems of government. A century…
There is a strong current of change affecting the international political arena. It is the beginning of a revolution brought on by the transition from a unipolar to multipolar world order. In practice, we are…
The international SWIFT network banned Iranian banks from its system soon after the US imposed sanctions against the country in November 2018. The ban was preceded by Washington’s threats to slap sanctions on the financial…
Capitalists seek to maximize profits and reduce the cost of labor. This sums up capitalism at its core. It is defined by these immutable objectives. It is not about democracy. It is not, as has been…
The U.S. military footprint in a client state becomes as permanent as if it were encased in concrete. Afghanistan is merely the latest arena in which that model is being used. As negotiations between the…
“Lenin said that capitalists would sell the Communists the rope to hang them. But as matters turned out, capitalists let China sell them the labor that served to hang American capitalism.” — Michael Hudson I…
The main problem with the US economy is that globalism has been deconstructing it. The offshoring of US jobs has reduced US manufacturing and industrial capability and associated innovation, research, development, supply chains, consumer purchasing…
