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The IMF Changes its Rules to Isolate China and Russia
The IMF Changes its Rules to Isolate China and Russia The nightmare scenario of U.S. geopolitical strategists seems to be coming true: foreign economic independence from U.S. control. Instead of privatizing and neoliberalizing the world under U.S.-centered financial planning and ownership, the Russian and Chinese governments are investing in neighboring economies on terms that cement […]
The Neoconservatives’ Hegemonic Goal Of Making Sovereign Countries Extinct Is Bringing Instead The Extinction Of Planet Earth
The Neoconservatives’ Hegemonic Goal Of Making Sovereign Countries Extinct Is Bringing Instead The Extinction Of Planet Earth My warning that the neoconservatives have resurrected the threat of nuclear Armageddon, which was removed by Reagan and Gorbachev, is also being given by Noam Chomsky, former US Secretary of Defense William Perry, and other sentient observers of […]
The IMF Joins the New Cold War
The IMF Joins the New Cold War On December 8, the IMF’s Chief Spokesman Gerry Rice sent a note saying: “The IMF’s Executive Board met today and agreed to change the current policy on non-toleration of arrears to official creditors. We will provide details on the scope and rationale for this policy change in the […]
The Global Economic Reset Has Begun
The Global Economic Reset Has Begun In my last article, I outlined the deliberately engineered trend toward the forced “harmonization” of national economies and monetary policies, as well as the ultimate end goal of globalists: a single world currency system controlled by the International Monetary Fund and, by extension, global governance, which internationalists sometimes refer to […]
The Yuan Ascends to World Reserve Status: “Dollar System Being Done Away With”
The Yuan Ascends to World Reserve Status: “Dollar System Being Done Away With” Today’s news is a historic milestone. The dollar’s days are numbered, and the new global economic order is shifting into place. As many insiders have expected, China has now officially gained status among the world reserve currencies, taking place alongside the dollar, […]
The FED v Bias & Prejudice
The FED v Bias & Prejudice COMMENT: If the Fed is so smart and understands the problem with low/negative interest rates, then why didn’t it hike rates in September? Better yet, why didn’t they raise rates YEARS ago? The Fed has kept rates near zero for seven years but now suddenly realizes that this is a […]
Good-Bye To Western Living Standards
Good-Bye To Western Living Standards My column, “Capitalism At Work,” about Greek women being forced into prostitution by banksters and the IMF produced a number of responses from women, who report that austerity is having the same effect all over Europe. This is from a letter from Portugal: “Your article ‘Capitalism At Work’ shows absolutely […]
The Right Price for Preserving Our Climate
The Right Price for Preserving Our Climate WASHINGTON, DC – When world leaders convene in Paris this week for the United Nations Climate Change Conference, their task will be to reach a global agreement on curbing greenhouse-gas emissions. A successful outcome, demonstrating that countries can work together for the good of the planet, would send […]
Puerto Rico Is About To Default: Your Complete Guide To An Island Debt Debacle
Puerto Rico Is About To Default: Your Complete Guide To An Island Debt Debacle Last week, we brought you the latest from Puerto Rico’s debt debacle. The commonwealth is desperately trying to restructure some $72 billion in debt while staring down a $354 million bond payment due on December 1. As we discussed at length on Friday, […]
USA Losing Sovereignty to World Fiscal Mismanagement
USA Losing Sovereignty to World Fiscal Mismanagement The IMF and many economists (domestic and foreign) are now warning that a rate hike by the U.S. Federal Reserve, no matter when, will spark a major economic crisis in the emerging markets. They see this crisis being ripe for countries with high budget deficits, such as Turkey, […]
OPEC’s Bad Bet By The Numbers
OPEC’s Bad Bet By The Numbers What will happen to the economic fortunes of OPEC members if it turns out the Saudis and their Gulf Arab allies (UAE, Kuwait, and Qatar) bet on the wrong horse in November 2014? With the wager Saudi Oil Minister Al al-Naimi announced on market forces as the cure for […]
50 Ways to Leave the Euro: Greece and the Global Crisis
50 Ways to Leave the Euro: Greece and the Global Crisis A sticker reads “No” on the palm of a protester during a demonstration calling for a ‘No’ vote in the upcoming referendum in Athens on Jul 3, 2015. (Photo: AFP/Aris Messinis) The problem is all inside your head, I told the Greeks The answer is […]
IMF’s Lagarde Anoints Chinese Yuan. Will it Now Demolish the “Dollar Hegemony?”
IMF’s Lagarde Anoints Chinese Yuan. Will it Now Demolish the “Dollar Hegemony?” IMF boss Christine Lagarde is gung-ho about it. IMF staff is too. The Executive Board will consider it on November 30 and in all likelihood approve it. It will take effect in October 2016. Then it’s a done deal: the Chinese yuan will […]
Will the Chinese Yuan Now Demolish the “Dollar Hegemony?”
Will the Chinese Yuan Now Demolish the “Dollar Hegemony?” IMF boss Christine Lagarde is gung-ho about it. IMF staff is too. The Executive Board will consider it on November 30 and in all likelihood approve it. It will take effect in October 2016. Then it’s a done deal: the Chinese yuan will be added to […]
“Social Explosion” Begins In Greece As Massive Street Protests Bring Economy To A Fresh Halt
“Social Explosion” Begins In Greece As Massive Street Protests Bring Economy To A Fresh Halt One thing that became abundantly clear after Alexis Tsipras sold out the Greek referendum “no” back in the summer after a weekend of “mental waterboarding” in Brussels was that the public’s perception of the once “revolutionary” leader would never be […]
