Richard Heinberg – Exploring the Gap Between Business-as-Usual and Utter Doom

Predicting the future is a fool’s errand, but everybody does it. As long as we’ve had language—for tens of thousands of years, at last estimate—we’ve been able to formulate the question, “What will tomorrowbring?” The answers have ranged from idyllic to hellish, though the reality has been, more often than not, “a lot like today.” Since the Industrial Revolution, the …

Alternative Visions – Why US Workers Are So Angry This Election Cycle – 09.09.16

Media, press, pundits and politicians in the US today keep hyping the US economy as doing well. We hear the US economy is growing nicely, better than other economies at least. Wages are finally rising, and full employment is here.  Jack bunks these and other myths about the US economy on the eve of the US election, and explains why …

Trends This Week – Populism is surging worldwide…but in America? – 09.09.16

Populist movements – real populist movements, not the “pop” populism trumped in the U.S. – are building momentum across the globe. Gerald Celente breaks down the reasons why and analyzes whether such movements can develop in America. He also explores how eight years of massive global central-bank quantitative easing and low-interest rate/cheap-money schemes have boosted equity markets, while dismal Gross Domestic Product, wage and productivity data prove central-bank policies have failed to generate true economic growth.

Pepe Escobar – Made in China: G20 and its geoeconomic significance

What has just taken place in Hangzhou, China, is of immense geoeconomic importance. Beijing from the start treated the G20 very seriously; this was designed as China’s party, not the declining West’s. And much less Washington’s. Outlining the agenda for the discussions, President Xi Jinping went straight to the point also geopolitically, as he set the tone: “The outdated Cold War …

Alternative Visions – The New Financial Imperialism How It Works – 09.02.16

Dr. Jack Rasmus summarizes his just published book this month, ‘Looting Greece: A New Financial Imperialism Emerges’, Clarity Press, Sept. 2016, explaining how debt and credit are becoming new and even more efficient and generalized means by which the more powerful capitalist countries are beginning to extract and transfer wealth from the smaller and more vulnerable. Jack describes the various techniques and means by which financial measures are used to extract surplus. Greece is a case example of the new imperialism taking shape increasingly globally. ‘Looting Greece’ is a sequel to Dr. Rasmus’s January 2016 publication, ‘Systemic Fragility in the Global Economy’, which described how the shift to financial investing is slowing down the global economy, and how a new global finance capital elite is increasingly dominating national economies and slowing growth. In the last half of the show, Rasmus reviews the major economic events of the past week, including today’s US job numbers, recent US manufacturing data, the US central bank meeting—and why the Fed will raise interest rates for certain before year end and the impact that will have on a shift to fiscal spending in 2017 andthe US economy’s coming recession in 2017-18 as well as on emerging markets, China and US corporate profits. The show concludes with a commentary on recent IMF and BIS reports on the global economy.

Lauren McCauley – Billionaire Bonanza as Wealth Surges Among One Percent

There is little doubt that the global one percent is winning. In fact, a new study has found that the number of billionaires reached an all-time high in 2015 at the same time that their portfolios and piggy banks also continued to grow to record proportions. According to the 2015-2016 Billionaire Census by international market research firm Wealth-X, which bills itself as …

Dr. Paul Craig Roberts – Unemployment in America: Another Phony Jobs Report

As John Williams has made clear, the monthly payroll jobs number consists mainly of an add-on factor of 200,000 jobs.  These jobs are a product of the assumption in the Birth-Death Model that new business ventures create more unreported new jobs than the unreported job losses from business failures.   If we sustract out this made-up number, July saw a gain …

Peter Spence – US economy ‘close to stagnant for almost a year’ as growth shudders

Hopes of US interest rate rises were pushed into the distance on Friday, as figures showed that the world’s largest economy had slowed sharply and was near stagnation for almost a year. The  US economy grew by just 0.3pc in the three month period to the end of June, according to the Bureau of Economic Analysis (BEA). Economists had anticipated …

Michael Snyder – Painful To Watch: This Is The Weakest U.S. Economic ‘Recovery’ Since 1949

Most of us have never witnessed an economic “recovery” this bad.  As you will see below, the average rate of economic growth since the last recession has been the lowest for any “recovery” in at least 67 years.  And unfortunately, the economy appears to be slowing down even more here in 2016.  On Friday, I talked about how the U.S. economy …