World trade fell by 12 per cent last year as the economic crisis caused the biggest drop since 1945, giving new urgency to the need to conclude trade talks, WTO chief Pascal Lamy says. The unprecedented reduction in global commerce makes it “economically imperative to conclude” international trade negotiations, which are at a standstill, in [...]

Can you trust national averages? As bad as the jobless data you hear are, you have not been told the whole truth. If you think the terrible impact of America’s Great Recession is shown by an official unemployment rate of about 10 percent, think again.Economic inequality and the myth of Reagan trickle down logic are [...]

BEIJING: China’s top expert on social unrest has warned that hardline security policies are taking the country to the brink of ”revolutionary turmoil”. In contrast with the powerful, assertive and united China that is being projected to the outside world, Yu Jianrong said his prediction of looming internal disaster reflected on-the-ground surveys and also the [...]

Inquiring minds are investigating Fannie Mae’s stunning $72 billion loss for 2009 as well as new short selling curbs. The two are actually related. Let’s take a look. Please consider Fannie Posts $72 Billion Loss for ’09 Fannie Mae reported a staggering $72 billion net loss for 2009, underscoring the challenges that still face the [...]

For more than 6 months I have been gathering data released daily by the COMEX concerning delivery notices and inventory levels of gold and silver. This data must be captured and recorded each day as there is no database of historical data available to the general public.Studying data on a daily basis is not conducive [...]

When we look at the world economy today, wherever we turn we see a wall of risk. And sadly this is an insurmountable wall with risks that are totally unprecedented in history. There has never before been a potentially catastrophic combination of so many virtually bankrupt major sovereign states (US, UK, Spain, Italy Greece, Japan [...]

They did it! The government of your nation did it! They just turned their backs on over a million people on unemployment and denied the extensions! Congress, in the most nefarious and pernicious move seen since “post economic collapse period,” has walked away, went home for the weekend and did not extend unemployment benefits to [...]

Jamie Dimon, chairman of JP Morgan Chase, has warned American investors should be more worried about the risk of default of the state of California than of Greece’s current debt woes.Mr Dimon told investors at the Wall Street bank’s annual meeting that “there could be contagion” if a state the size of California, the biggest [...]

The first to have a heart attack was George Kull Jr., 56, a millwright who worked for three decades at the steel mills in Lackawanna, N.Y. Three weeks after learning that his plant was closing, he suddenly collapsed at home.Bob Smith had a heart attack.Several workers had heart attacks after learning their steel plant in [...]

The more people like me speak out about this, the more will scratch their heads and go, “No way!” or “You’re an idiot, Garner!” or, worst of all, “You’re not an American!” I’ve heard this crap before, and it always comes from ignorant souls who just don’t understand how the political and economic systems work [...]