Who wants to profit … and who should pay the bill Finally the time has come: The HSH Nordbank – the scandalous regional state bank of Hamburg and Schleswig-Holstein – is being sold. Everything about…
Category: Economy
Iran, under a renewed threat of U.S. sanctions returning, two months ago decided to switch using the greenback as a currency in its imports and banned all traders from using USD. A directive came from the Ministry of…
It’s called “Vollgeld Initiative” – in German, meaning more or less “Referendum for Sovereign Money”. What is “Sovereign Money”? – Its money produced only by the Central Bank, by the “Sovereign”, the government, represented by…
Media propaganda maintains the myth, including a NYT report in its latest edition, saying: An “unemployment rate (was achieved) below the 4 percent threshold,” the Times calling it a “milestone,” claiming it indicates a “tight…labor…
The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push…
By Chris Hedges and Richard Wolff Economist Richard Wolff discusses the coming economic collapse of the United States of America. Posted April 04, 2018 This video clip was first published by RT…
A number of pieces have to fall into place before the petrodollar moves into second place Few geoeconomic game-changers are more spectacular than yuan-denominated future crude oil contracts – especially when set up by the…
If a war costs trillions of dollars, and no one pays for it, what is its true cost? Since the 9/11 attacks, America has poured $3.2 trillion into its wars, according to a new study from Brown…
Imagine for a moment a scheme in which American taxpayers were taken to the cleaners to the tune of hundreds of billions of dollars and there was barely a hint of criticism or outrage. Imagine…
Medicare Recipients Will Pay For Border Wall? President Donald Trump will propose cutting entitlement programs by $1.7 trillion, including Medicare, in a fiscal 2019 budget that seeks billions of dollars to build a border wall, improve veterans’…
