Financial Crisis Archives - BSNEWS

What’s Really Happening in Lebanon?

Laith Marouf — Sun, 20 Oct 2019 20:32:48 +0000

Excellent analysis of the protests in Lebanon by Laith Marouf: Hear me out about Lebanon; although all the demands of the protesters are legitimate, the cascade of events that triggered them is all planned meticulously. Since 2017, the Empire and its local enforcers, Apartheid Israel and Saudi Occupied Arabia, wanted the government of PM Hariri to collapse, therefore bringing down the […]

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The Real Economic Numbers: 21.5 Percent Unemployment, 10 Percent Inflation And Negative Economic Growth

Michael Snyder — Thu, 14 Jun 2018 19:34:52 +0000

As you are about to see, if honest numbers were being used all of our major economic numbers would be absolutely terrible. Of course we can hope for a major economic turnaround for America under Donald Trump, but we certainly are not there yet.

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America is In a Debt Trap Death Spiral

F. William Engdahl — Wed, 06 Jun 2018 12:29:18 +0000

The US economy and its financial structures have never recovered from the great financial meltdown of 2008 despite the passage of ten years. Little discussion has been given to the fact that the Republican Congress last year abandoned the process of mandatory budget cuts or automatic sequestration that had been voted in a feeble attempt to rein in the dramatic rise in US government debt.

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Fox in the Hen House: Why Interest Rates Are Rising

Ellen Brown — Thu, 26 Apr 2018 17:34:07 +0000

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”?

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HMS Blighty Shipping Water, Badly

Kenneth Surin — Wed, 14 Mar 2018 13:19:55 +0000

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.

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How Billionaires Become Billionaires

Prof. James Petras — Fri, 06 Oct 2017 18:01:38 +0000

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.

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May Day, May Day! The Tory ship is sinking

John Rees — Wed, 04 Oct 2017 19:04:37 +0000

John Rees on the reasons for the Tory debacle and what comes next

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A Sinister War on Our Right to Hold Cash

F. William Engdahl — Tue, 29 Aug 2017 12:48:23 +0000

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.

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You Won’t Believe What The Government Is About To Privatise Next

Graham Vanbergen — Wed, 09 Aug 2017 17:51:02 +0000

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.

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The Elites Are Jumping Ship As The Financial Collapse Draws Near

Mac Slavo — Mon, 31 Jul 2017 17:41:39 +0000

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.

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