by MIKE WHITNEY | Counterpunch | November 25, 2014 The International Monetary Fund has finally admitted that it was wrong to recommend austerity as early as it did in 2010-2011. The IMF now agrees that it should have waited until the US and EU economies were on a sustainable growth-path before advising them to trim their budget deficits and…
By Matthias Chang | Future Fast Forward | 23 Nov 2014 All centres of power – Office of the President, Prime Minister, Heads of International Organisations, financial institutions, the military etc. are invariably subject to the “politics of truth”. Speaking truth to power is often a hazardous task. Truth when disclosed often injures one or more vested…
By Prof. Ismael Hossein-Zadeh | Global Research | November 21, 2014 Following in the footsteps of the financial big wigs at the head of the Federal Reserve Bank (Alan Greenspan, followed by Ben Bernanke), most mainstream neoclassical economists optimistically projected that the 2002-07 financial expansion would continue indefinitely. Not surprisingly, the 2008 market collapse caught them…
Finian Cunningham |Strategic Culture Foundation | 18 Nov 2014 US President Obama was joined by European leaders last weekend in trying to turn the G20 summit in Australia into a forum for baiting Russia, rather than dealing with the more onerous problem of a failing world economy. The annual meetings of the world’s top economies…
by Michael Snyder | Economic Collapse | November 19, 2014 Are you waiting for the next major wave of the global economic collapse to strike? Are you waiting for the next major wave of the global economic collapse to strike? Well, you might want to start paying attention again. Three of the ten largest economies…
Paul Craig Roberts | 14 Nov 2014 As most Americans, if not the financial media, are aware, Quantitative Easing (a euphemism for printing money) has failed to bring back the US economy. So why has Japan adopted the policy? Since the heavy duty money printing began in 2013, the Japanese yen has fallen 35% against…
Preston James | Veterans Today | 6 Nov 2014 The American Financial System is now being “Kited” to a Catastrophic Collapse not expected by the American People. It should now be more than obvious to most folks that the current spending levels of the US Congress are completely unsustainable over time, but false narratives…
Mike Whitney | Counterpunch | 5 Nov 2014 “It’s not the underlying economics that’s driving things, it’s central bank liquidity.” — Matt King, Citigroup Soaring auto sales are not so much a sign of a strong economy as they are an indication of financial hanky-panky. We saw this same type of fakery play out in housing…
Paul Craig Roberts and Dave Kranzler | 5 Nov 2014 As we have demonstrated in previous articles, the bullion banks (primarily JP Morgan, HSBC, ScotiaMocatta, Barclays, UBS, and Deutsche Bank), most likely acting as agents for the Federal Reserve, have been systematically forcing down the price of gold since September 2011. Suppression of the gold…
Zero Hedge | 29 Oct 2014 Ahead of tomorrow’s decision by the FOMC, Peter Schiff ventured on to CNBC to discuss the economy, the fed, and gold… among other things. Schiff rightly fears that while the Fed may well stop QE3 tomorrow, QE4 will not be too long behind it as he notes, rather eloquently,…