The Self-Imposed Impotence of the Russian and Chinese Governments
Why don’t the Russian and Chinese play their winning hands? The reason is that neither government has any advisers who are not brainwashed by neoliberalism.
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Who Does America Belong to? Not to Americans.
Thomas Jefferson’s prediction that central banking would “deprive the people of all property until their children wake up homeless” is coming true.
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How Trade Wars Penalize Asian Currencies
Trump’s economic policies have triggered trade wars that are now penalizing all currencies, particularly in exporting economies.
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How Long Can The Federal Reserve Stave Off the Inevitable?
It is Washington’s hegemony that protects the American Ponzi scheme, which will unravel the moment foreign central banks cease supporting the dollar.
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For Economic Truth Turn To Michael Hudson
Neoliberal economics is an essential part of The Matrix, the false reality in which Americans and Europeans live. Neoliberal economics permits an endless number of economic lies. Michael Hudson’s books provide an antidote.
Read MoreHow the Federal Reserve System Harms the Economy
Jeremy R. Hammond explains how the Federal Reserve System harms the economy by effecting a transfer of wealth upward, serving the interests of the political and financial elite at the expense of the rest of society.
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Make-Believe America: Why the US Unemployment Rate Doesn’t Indicate Economic Recovery
Today the labor force participation rate is the lowest since February 1978, reversing all of the gains of the Reagan years, and the Federal Reserve has used an increase in consumer debt to fill in for the missing growth in consumer income for so long that consumers have no more room to take on more debt.
Read More Do Financial Markets Still Exist?
As central banks have learned that they can rig financial asset prices to the delight of everyone in the market, in what sense does capitalism, free markets, and price discovery exist?
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Another Arrested Equity Correction?
The Federal Reserve uses its Plunge Protection Team to further S&P futures. How long can the fraudulent valuation of equities continue?
Read More How Much Death and Destruction Awaits Us in 2018?
Central banks, which are supposed to provide economic stability, have created a massive fraud, and no Western government serves the public interest.
Read More Does Fed Inflation Cause Economic Growth? (Don’t Ask Paul Krugman.)
Paul Krugman argues that Fed’s monetary inflation is the cause of economic growth and hasn’t caused significant price inflation. Here’s why he’s wrong.
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The US Economy Is Failing
As an economist, I can’t identify in history any economy whose affairs have been so badly managed and prospects so severely damaged as that of the USA.
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