People around the world need to get prepared because inflation is about to accelerate But then it will become really terrifying. Prices Are Going To Rise FastJuly 2 (King World…
By Prof Michel Chossudovsky Global Research We are living one of the most serious crises in modern history. According to Michel Chossudovsky, the coronavirus pandemic is used as a pretext and a…
by Michael Snyder There is a lot of talk about the “unemployment rate” these days, but the way that it is calculated has become so convoluted that it is not really…
US could ‘change the world’ by devaluing the dollar – hedge fund manager There is a shortage of dollars in the global market, according to independent market adviser Hugh Hendry. He…
© Reuters / Henry Nicholls Britain’s economy has seen its largest contraction in more than four decades, according to figures from the Office for National Statistics (ONS). The nation’s gross domestic product…
US shale pioneer Chesapeake Energy goes bust under mountain of debt Fracking giant Chesapeake Energy has filed for bankruptcy amid soaring company debt driven by the collapse in oil prices.…
© Mitch Feierstein Follow RT onThe commercial and residential property markets are on the brink of collapse. And central banks’ promise to print unlimited amounts of money will not solve…
A man protests outside the New York Stock Exchange October 13, 2008. Governments around the world bet hundreds of billions of dollars to rescue failing banks on Monday, sending world…
by Michael Snyder We were supposed to be well into a “recovery” by now, but instead more bad economic news just keeps pouring in. In fact, the numbers that I am…
By Associated Press But report also says significantly less money is needed than Democrats are seeking Congress is planning for a fifth stimulus bill since the pandemic hit. ASSOCIATED PRESS WASHINGTON —…
© Pexels.com Follow RT onA new survey by the International Trade Centre (ITC) has found that international trade dropped across all four quarters of 2019, with declines intensifying in early…
Is a massive short squeeze at hand in the gold market? One of the greats in the business just warned, “There is no escape for them (the gold shorts).” Is…
unemployment line, people out of work looking for a job Another 1.48 million Americans applied for unemployment benefits last week, according to the US Labor Department. Economists expected 1.3 million…
Authored by Lance Roberts via RealInvestmentAdvice.com, It didn’t take long. Over the last several years, we have discussed the risk of excessive monetary policy inflating a bubble in a variety…
Authored by Sven Henrich via NorthmanTrader.com, First they dismiss you as a conspiracy theorist then they join you. The secret is out, the Fed is busted: Central banks have distorted asset…
By Arno Schuetze and John O’Donnell FRANKFURT (Reuters) – Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a gaping hole in its books that its auditor EY…
by Tyler Durden Authored by Charles Hugh Smith via OfTwoMinds blog, Once you allow your economy to become dependent on extremes of debt, leverage, inequality, legalized looting, monopoly, pay-to-play politics and speculative…
by Knave Dave The following article by David Haggith was published on The Great Recession Blog: Look at the plethora of problems in my list of 2020 economic predictions, which are so severe and…
CHICAGO – As with many industries affected by the coronavirus pandemic, the cheese market appears to have been impacted as well, sending recent prices through the roof. The price of cheese reached…
Macy's lays off 3,900 corporate staffers as COVID-19 lockdowns hit famous department store chain - just months after cutting 2,000 jobs pre-pandemic Macy's said on Thursday that the headcount reduction will…
A man looks at signs of a closed store due to COVID-19 in Niles, Ill., Thursday, May 21, 2020. More than 2.4 million people applied for U.S. unemployment benefits last…
by Michael Snyder Fear of COVID-19 absolutely crippled the U.S. economy during the first half of this year, and now it appears that there are some people that are pushing for…