The phenomenon of economic globalization has ensured that all the rational elements of the economy are interrelated with each other due to the consolidation of oligopolies, technological convergence and tacit corporate agreements, so that the thir
Two of the most influential international credit rating agencies, Moody’s and Standard & Poor’s (S&P), followed by the world’s most powerful merchant bank, Goldman & Sachs, have just sent discreet but firm warnings to Marshal-President
Mr. Soros has expressed his ideological fury at the prospect of not being able to make the kind of easy money off China that he was able to siphon off when the Soviet Union was carved up and privatized.
The conjunction of a new oil crisis that could raise prices to $ 80 a barrel with the excessive strength of the dollar could cause an economic cyclogenesis of unpredictable results.
In Part One of this two-part series of essays we explained how events in the nineteenth and twentieth centuries shifted Western society f
Margaret Thatcher is supposed to have once said that “the facts of life are conservative”. An equivalent for libertarians is “the facts of life are Austrian”.
“Permit me to issue and control the money of a nation, and I care not who makes its laws.” — Mayer Anselm Rothschild, 1790
“Lenin said that capitalists would sell the Communists the rope to hang them. But as matters turned out, capitalists let China sell them the labor that served to hang American capitalism.” — Michael Hudson
Politicians and mainstream economists are persistent in their warning of the so-called “deflation danger” – the idea that falling prices are calamitous for economic progress and that a perpetual, ceaseless price inflation is needed in order to bri
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