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…
Category: Economy
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…
On July 30 the Senenews media outlet reported that authorities in Mali and Mauritania were investigating the involvement of Ukrainian military instructors in the year-long conflict in Mali on the side of the rebels. President…
And Why the Dollar Isn’t Going Away In any alternative media space, you are sure to find much talk about US dollar dominance, as well as optimistic forecasts of its imminent decline. This is also…
Introduction of a new single currency is also on the table, Russia’s envoy to Beijing says Countries of the BRICS economic bloc are currently working on the launch of a financial system that would be…
Foreigners in Iran will be able to start using Russia’s Mir cards of the eponymous payment system by the end of August as the project of unifying the payment systems of the two countries has…
News about the expiration of a Washington-Riyadh deal may be fake, but an arrangement that is key to the dollar’s success has eroded It is said that works of fiction can often convey certain truths…
VIDEO: BRICS Just Revealed Over $70 Billion Trade Will Not Be Made in US Dollars! Here comes another challenge to the US dollar from BRICS: over $70 billion in trade will no longer be…