TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
France has vowed to fulfill plans to defy the US’ sanctions on Iran while increasing the international role of the euro in order to prevent Washington from acting as the world’s “trade policeman”. France’s Minister of Economy and Finance, Bruno Le Maire, told the British newspaper Financial Times that Europe is planning the formation of a special Read More…
The largest asset bubble in the history of our planet is approaching the end of its lifespan, but that’s just the opening act. This time is different. Few imagined how far the Fed would go to reinflate the economy in the wake of the 2009 crisis. It started with TARP, then “quantitative easing” QE1, QE2, Read More…
“Fortress balance sheets?”… “It’s different this time”… “Greatest economy ever.” If all of that is true, then why are the stocks of the most systemically important banks in the world collapsing? And the banking collapse is leading global stocks lower – probably not coincidentally as global central bank balance sheets contract… As The Economic Collapse blog’s Read More…
On October 21st, German Chancellor Angela Merkel announced that Germany would stop arms exports to Saudi Arabia “for the time being.” The reasons for the decision are the vague circumstances around the disappearance and killing for Saudi Journalist Jamal Khashoggi. According to Merkel, Riyadh had not put the full facts surrounding the death “on the Read More…
The middle class in America has been declining for decades, and we continue to get even more evidence of the catastrophic damage that has already been done. According to the Social Security Administration, the median yearly wage in the United States is just $30,533 at this point. That means 50 percent of all American workers make Read More…
“The Israeli military relies on a network of international companies, supplying everything from sniper rifles to tear gas, to carry out its massacres of protesters in Gaza. These companies are knowingly supporting war crimes, and are complicit in state-orchestrated murder.” — Tom Anderson, researcher for Corporate Occupation NEW YORK — As Israeli soldiers gun down unarmed Read More…