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finance

The Fed Did It – Riots Across America Are About More Than George Floyd

Originally at Zero Hedge – Published Jun 1, 2020 FRN As we detailed last night, what’s happening to America right now: rioting, looting, pillaging, Americans fighting other Americans and while the media is spinning self-serving narratives that frame the bad guy as Trump, or China, or Russia, or this political party, or that, or some social movement, hides the truth […]

Towards a New PPP: A Post-Pandemic Paradigm

the true nature of money creation stands exposed for us all to see, so the question of how we will create this “new” economic system is simple. It already exists, we can use it at any time for productive investment in our collective future, and the excuses peddled previously to promote austerity were just myths in the service of oligarchy.

China bypasses Europe and Russia in the struggle for Ukraine 

By Sergey Ustinov   One of the important economic results of the past 2019 was a complete surprise both for those Ukrainian politicians, experts and pique vests from the “cushioned hundred” who defended the European choice with foam at the mouth, and for those who are seeking to resist the ongoing de-industrialization of the country […]

SLOWLY BUT SURELY: US Dollar Losing Ground

WASHINGTON, D.C. – The US government has been using the dollar as a convenient weapon of choice to preserve its global economic and geopolitical position, since at least 1971, when the US unilaterally terminated convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency. This has been […]

Israeli Embassies Around World Shut as Diplomats Start a General Strike

TEL AVIV – All Israeli embassies and consulates all over the world shut down early Wednesday as diplomats and military attachés went on strike over a long-simmering dispute with the Finance Ministry over expense stipends paid to envoys. The move, coordinated by the Foreign Ministry, the Defense Ministry and the Histadrut Labor Federation, comes after […]

How can China respond to the US in the trade war?

WASHINGTON DC – US President Donald Trump has raised tariffs on Chinese goods worth $200 billion from 10 percent to 25 percent and ordered 25 percent of tariffs on remaining Chinese imports to be prepared. The last round of trade negotiations between the two sides ended without agreement. How can China respond? Although the head […]