Global Research By Prof. James Petras The American welfare state was created in 1935 and continued to develop through 1973. Since then, over a prolonged period, the capitalist class has been steadily dismantling the entire welfare state. Between the mid 1970’s to the present (2017) labor laws, welfare rights and benefits and the construction…
Anti-Media by Shaun Bradley The United States’ ability to maintain its influence over the rest of the world has been slowly diminishing. Since the petrodollar was established in 1971, U.S. currency has monopolized international trade through oil deals with the Organization of the Petroleum Exporting Countries (OPEC) and continuous military interventions. There is, however,…
Alt-Market by Brandon Smith The investment world has an embarrassingly short attention span. But frankly, it is a necessity. If daytraders, hedge funds and other horses in the carousel actually had to look beyond the next week of market activity or study back on market history in comparison to today, then they would not…
The Great Recession Blog by David Haggith Summer vacation is here, and the whole global family has arrived at Central-Bank Wonderland, the upside-down, inside-out world that banksters and their puppet politicians call “recovery.” Everyone is talking about it as wizened traders puzzle over how stocks and bonds soared, hand-in-hand, in face of the following list of economic…
The Economic Collapse by Michael Snyder Has the next Lehman Brothers moment arrived? Late Thursday night we learned that the British people had voted to leave the European Union, and this could be the “trigger event” that unleashes great financial panic all over the planet. Of course stocks have already been crashing all over…
Alt-Market by Brandon Smith Yes, in case you fell asleep before the votes were tallied, the UK referendum has passed and global markets are currently in a freefall we have not seen since 2008. In this case, I’m going to have to trumpet my successful call here. For all the general flak I received…
New Eastern Outlook by Tony Cartalucci Four of the top five Global Fortune 500 corporations are involved in petroleum refining. Together with big-finance and industrial giants like big-auto and utility monopolies, big-oil dominates the global economy. The monopoly it enjoys grants it the unwarranted power and influence it has wielded throughout the 20th and 21st centuries.…
