The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”?
The Blighty ship of state has in the last couple of weeks looked even more like a listing vessel heading slowly towards the nearest port with a broken rudder after striking a rocky shoal.
America has the greatest inequalities, highest mortality rate, most regressive taxes, and largest public subsidies for bankers and billionaires of any developed capitalist country.
In this essay we will discuss the socio-economic roots of inequalities and the relation between the concentration of wealth and the downward mobility of the working and salaried classes.
John Rees on the reasons for the Tory debacle and what comes next
An operation that began as a seemingly obscure academic discussion three years ago is now becoming a full-blown propaganda campaign by some of the most powerful institutions in the industrialized world. This is what rightly should be termed the War on Cash. Like the War on Terror, the War on Cancer or the War on Drugs, its true agenda is sinister and opaque. If we are foolish enough to swallow the propaganda for complete elimination of cash in favor of pure digital bank money, we can pretty much kiss our remaining autonomy and privacy goodbye.
In the eyes of profiteers, there’s money to be made from debt, especially from the poor. Privatisation of the court bailiff system is like privatising parking enforcement – and look where that led – scandal after scandal. The civilianisation of law enforcement has always proved to be much worse than when managed by government with civilian scrutiny. This, like so many other privatisation projects this will end in failure with the over-stretched citizenry shouldering the burden of government incompetence and the poor exploited even further.
Corporate executives have been selling their stocks at an unprecedented rate for several months. Meanwhile, ordinary people are still placing their faith and their bets on a stock market that most experts agree is completely unsustainable.
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, growing opposition to the American standard, and it gained more support recently when several […]
This article is dedicated to all those who search for a full understanding of the tragedy at Grenfell Tower, both official and unofficial investigators. Most of all, it is for the survivors of the inferno, and the friends and relatives of those who were lost. It is offered in the hope that it will help you find the right questions to ask.
A victory, against the current odds, for a Jeremy Corbyn-led Labour will, if it adheres to positions he promoted when he won the party leadership by a margin even greater than Blair’s when the latter became leader, ensue in the promise of an overturning of neoliberalism.
Americans could save $1 trillion over 10 years by financing infrastructure through publicly-owned banks like the one that has long been operating in North Dakota.
The Fed clings to status quo. Other central banks are vying to knock it down, or at least loosen its grip on them. But the Fed behaves as if it has no idea there are other powerful central banks that want to grab and harness its power. It carries on refusing to acknowledge that there may come a time, sooner rather than later, where its power is attacked.