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Global Trade Is Collapsing As The Worldwide Economic Recession Deepens
When the global economy is doing well, the amount of stuff that is imported and exported around the world goes up, and when the global economy is in recession, the amount of stuff that is imported and exported around the world goes down.
It is just basic economics. Governments around the world have become very adept at manipulating other measures of economic activity such as GDP, but the trade numbers...
Washington Forces France to Pay $800 Million for Violation of US Sanctions
French bank Credit Agricole was accused by Washington of dealing with countries under US embargo and processing financial transactions for Sudan, Cuba and Iran through the United States. Several bank employees responsible for the transactions have already been fired, media reported.
The bank agreed to pay $800 million in fines for the illegal financial transactions carried out in the period from 2003...
Youth homelessness surging in UK
A new report suggests that youth homelessness in the UK is more than eight times higher than the official figures.
A new report suggests that youth homelessness in the UK is more than eight times higher than the official figures.
The report has been published by Centrepoint – the UK’s leading charity for homeless young people. It says some 136,000 young people aged between 16 and 24, sought...
Hundreds of Thousands Protest Trade Deal with US in Berlin
Protesters from a range of political groups have gathered in central Berlin for a protest against TTIP, a trade deal between the US and the European Union that critics say will benefit large corporations at the expense of average Europeans.
Trade unions, environmental groups, charities and opposition parties were among the organizers of the rally, which went from the main railway station in central...
What is the Trans-Pacific Partnership and why you should care
A dozen Pacific Rim nations reportedly reached an agreement on the Trans-Pacific Partnership, the secretive, US-orchestrated pact that seeks common standards among its members. Opponents say the deal is more about consolidation of power than “fair trade.”
What is the Trans-Pacific Partnership (TPP)?
The largest global trade agreement in 20 years, the TPP includes the United States, Australia,...
102.6 Million Working Age Americans Do Not Have A Job
The federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation.
For the month of September, the federal government told us that 142,000 jobs were added to the economy. If that was actually true, that would barely be enough to keep up with population growth. Sadly, the truth is that the real numbers were actually far worse...
Jamaica demands slavery reparations from Britain
Prime Minister David Cameron has been reminded of his family’s links to slavery as he faces calls for Britain to pay Jamaica millions of pounds in reparations ahead of his first official visit to Kingston on Tuesday.
Academics and politicians in Jamaica have demanded the PM issue an apology for the hundreds of years during which Britain enslaved and “extracted wealth” from the island’s people.
In...
Donald Trump promises Zero Taxes for Low Income Americans
The Republican presidential frontrunner laid out a set of tax proposals on Saturday, including a zero rate for those with low incomes and tax cuts for corporations; however, Wall Street financiers would have to pay more.
Republican presidential frontrunner Donald Trump gave an outline of his tax plans for the presidency on Saturday, including a proposal to impose higher taxes on Wall Street bankers,...
Ben Carson Blasts Obama for His Tolerance on "Chinese aggression"
US Republican presidential candidate Ben S. Carson is playing the “Chinese aggression” card, claiming that Beijing is dreaming to overtake the US as the global hegemon and US leadership should deal with the Chinese with the gloves off, the politician insists.
US Republican presidential candidate Ben S. Carson is beating the war drum over Beijing’s unwillingness to bow before Washington:...
UK's National Health Service on brink of collapse
The UK’s former health minister, Norman Lamb.
Britain’s former health minister warns the UK’s National Health Service (NHS) will crash, unless instant cash is injected into the healthcare system.
Norman Lamb says the NHS will crash within two years with catastrophic consequences unless the government orders a multibillion pound cash injection.
The stark warning comes amid mounting fears among...
US Banks rigged $12.8 Trillion Market
US banks might have rigged another huge market, Bloomberg reports.
Dealers including top American banks which control the $12.8 trillion US Treasury market rigged bond auctions for years, Bloomberg reports.
Citing a federal antitrust lawsuit, the financial data and news provider says the giant Jewish owned banks such as Goldman Sachs, JPMorgan, and Morgan Stanley coordinated to manipulate Treasury...
Brazil raises taxes and cuts spending as recession hits
The Brazilian government has announced plans for $7 billion in spending cuts and $8 billion in additional taxes aimed at plugging the hole in the country’s 2016 budget.
The austerity package is designed to balance the harsh economic downturn of the seventh-largest economy, whose sovereign credit rating was cut to ‘junk’ status last week.
The measures are going to freeze public sector salaries,...
Europe Wants Its Gold Back From US
European Central banks keep demanding the return of their gold bullion from the vaults of the Federal Reserve Bank of New York, reducing the gold stockpile kept under the streets of Manhattan to its lowest level in decades; economist Lew Rockwell is convinced that the move is an indication that Europe is desperately striving for independence.
Gold always glitters, and once upon a time, the reputation...
Norwegian bank offended Jews with 'anti-Semitic' credit card
One of the biggest Norwegian banks DNB has issued a credit card with a picture of “a hook-nosed Jew, laughing gleefully against a backdrop of gold coins,” according to The Jerusalem Post.
The card annoyed The Hallelu Foundation, which tries to create a positive image of Israel in the world. The foundation has accused the bank of anti-Semitism.
The foundation contacted the bank and asked to clarify...
Wall Street Panics Over Global Recession Fears
Wall Street plunged Tuesday after investors feared weak data from China, the world’s second-largest economy, would lead to a global recession.
China’s manufacturing sector suffered its quickest deterioration in over six years, leading to a three-year market low and other sectors of the Chinese economy also slowed down significantly.
In response, all three major U.S. stock indices, the Dow Jones,...