China, backed by Russia and South Africa, is planning the final assault on the still-strong dollar by introducing a new currency, to be issued by a BRICS central bank that will combine the strengths of the respective currencies of the five largest economies join the group. At the same time, the replacement of the dollar …
Tag: USA
The FED is on alert: In case a banking domino of bankruptcies begins
It seems that in the US the time has come for a wave of consolidation in the banking industry. A key program that kept US banks afloat ended last month, and everyone knew what that would mean. By the last Friday of April, the FDIC had taken Republic Bank’s assets and had already arranged to …
White House pushes FED for rate cuts and blows up 2% inflation target – Trump’s plan
New York Federal Reserve President John Williams said in a politically charged statement on Friday (5/3) that the US central bank needs independence from the White House in order to return inflation to its 2% target. The election cycle threatens the independence of monetary policy as pressure mounts for interest rate cuts to ease lending …
Excessive Public Debt is killing the Middle Income class – the “lifeblood” of Consumption
Every promise by politicians to increase public spending – and especially those concerning social transfers – resonates positively with voters. These promises may win elections, but what voters themselves should be asking is: Who pays the bill? The common narrative in the US that the debt is unsustainable which has a life of 40 years …
IMF: The US, a huge threat to the Global Economy – Bubbles that will burst the Markets
US budget deficits should not continue to expand in the coming decade, as they are reaching an unsustainable level that could even lead to a collapse of the global economy, the International Monetary Fund says. In particular, the IMF warned the US that its huge budget deficits have fueled inflation and pose “significant risks” to …
Gold: Russia’s Strategic Monetary Superweapon
In history, gold and silver accompanied the rule of different empires. They made possible the financing of conquests, but also the very rule of the conqueror in the vassal regions of the planet. If even today, gold coins, even legal tender, no longer accompany states’ ambitions for geopolitical sovereignty, we see that central banks’ gold …
A new moment is brewing for the US economy and the world
After nearly 15 years of cheap money fed by the Federal Reserve at zero interest rates, resulting in speculative bubbles of colossal proportions, it seems the lights have come on. A crisis in financial markets (especially credit markets) can be caused by a sudden and systemic collapse in asset prices – usually after a prolonged …
Inflation persistent
With monetary and economic policy deadlocked, the White House is now officially throwing in the towel and admitting that the fight against inflation has been lost – almost ruling out monetary easing as evidenced by the fact that the Federal Reserve Reserve despite strong political pressures due to the election cycle kept interest rates unchanged. …
The real picture of the US economy is bleak
The global financial system is gradually preparing for an earthquake of historic proportions which this time will not be caused by an internal crisis – like in 2008/2009 – but its cause is related to the significant shifts in the geopolitical power balances with the end of globalization under American hegemony. This is not something …
The “bubble” of the Global Public Debt of 313 trillion dollar will cause an Economic shock
The skyrocketing global debt has become the main problem for the global economy – even if this is being hidden for obvious reasons by the global political elite and the systemic media. Public deficits for anyone with even the slightest understanding of the workings of the economy can neither act as reserves for the private …