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27.10.2008, 16:59

U.S. pulls the plug on the world

The U.S. administration has prompted a huge surge in the U.S. dollar, which may help refinance its financial sector. The cost is a currency whirlwind that threatens the collapse not just of banks and companies but entire countries.

28.10.2008, 12:55 1 comment

Strong dollar, weak dollar

I got a question from a reader after my last article, suggesting the US was pursuing a strong dollar policy to refinance its economy, at huge risk to the rest of the world. The reader asked: “Isn't it the case that the only country that doesn't care

29.10.2008, 17:12

Crisis myths damn the bailout

Researchers at the one of the 12 Federal Reserve banks, Minneapolis, have challenged U.S. authorities to publish the data which justifies the multi-billion-dollar bank bailout.

10.11.2008, 19:17

Fed refuses to disclose who got loans

In the U.S. the Federal Reserve is refusing to disclose who has received almost $2 Trillion worth of taxpayer funded loans, or what collateral it is taking, according to Bloomberg. However, under the U.S. Freedom of Information Act the details of lending

24.11.2008, 13:14

Money back not guaranteed

Consumer confidence in Britain could be crushed by European Union plans to inaugurate a ban on the refunds of damaged items.

26.11.2008, 16:49

Professor Igor Panarin: When America fell to pieces the shouting was outrageous

As early as autumn 2009 the economic crisis may lead to a civil war in the USA and then to its division into parts. Igor Panarin, doctor of political science, dean of the foreign affairs department at the Diplomacy Academy of the Russian Foreign Ministry,

27.11.2008, 06:19

US car industry runs out of road

The U.S. state of Michigan used to be the throbbing heart of the once-mighty American auto industry and a vital employer. But the current financial crisis has brought this engine of U.S. business near the brink of collapse and some Michigan residents are

29.11.2008, 07:47

Americans ditch snacks as recession bites

Shops and businesses are closing down across the U.S. as the global recession deepens. Unemployment is rising and ordinary Americans are making financial sacrifices to stay afloat. This often means cutting down on life’s luxuries, like eating out and goin

16.10.2010, 01:30 15 comments

Socialism vs Capitalism in America

The tide of fear against Socialism is on the rise in America. At a time when the economy is so rough, why this debate over capitalism vs. socialism?

21.10.2010, 22:14 3 comments

"EU may waste money of member states” – analyst

The European Parliament has voted for a budget increase that would cost UK taxpayers an additional 900 million pounds next year.

Angry Americans protest against U.S. monetary policy

Published: 23 November, 2008, 02:21


While leaders in Peru grapple with the financial fallout, Americans angry at the multi-billion dollar bailout plans are protesting in Washington. They say the U.S. Federal Reserve, far from helping solve the financial crisis, is taking money out of their

 
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