Tag Archives: economy

  Herland Report: US Economy Destroyed: In 1945 the United States emerged from a world war with the only intact industrial economy in the world.  The British, European, Soviet, and Japanese economies were in ruins.   China and the rest of Asia, Africa, and South America had undeveloped economies, later renamed third world economies.  Additionally, the US held most of the world’s gold …

Herland Report: The Global Financial Revolution: No country has successfully challenged the U.S. dollar’s global hegemony—until now. How did this happen and what will it mean? Foreign critics have long chafed at the “exorbitant privilege” of the U.S. dollar as global reserve currency. The U.S. can issue this currency backed by nothing but the “full faith and credit of the …

  Saudi Arabia’s recent announcement that the government is open to accepting payment for oil in currencies other than the dollar is a major announcement ignored by the presstitutes.   The end of the petrodollar would have severe adverse effects on the value of the dollar and on US inflation and interest rates.  For a half century the petrodollar has supported …

  Herland Report: The Billionaire New World Order: The Davos billionaire hotspot World Economic Forum so desires to merge public state funds with the wealth of the privately owned business corporations that dominate the world. This is a very smart initiative that gives billionaires access to the nation states’ government funds. The British empire did the same with the privately …

  Nouriel Roubini, a former advisor to the International Monetary Fund and member of President Clinton’s Council of Economic Advisors, was one of the few “mainstream” economists to predict the collapse of the housing bubble. The Nouriel Roubini warning: Now Roubini is warning that the staggering amounts of debt held by individuals, businesses, and the government will soon lead to …

  As some readers have remarked in their messages to me, I ceased a while back my monthly reports on the Bureau of Labor Statistics jobs reports and inflation rate.   Manipulated Economic Outlook: The reason is that the numbers are not good enough to be able to discern what is the actual state of the economy.  Yet every new number is …

  The world has entered a geopolitical depression, writes Dr. Nouriel Roubini, pointing at severe megathreats that spell dark days ahead.   This new era will resemble the tumultuous decades between 1914 and 1945, as the U.S. economic, financial, security unipolar world is challenged by four powers – China, Russia, Iran and North Korea. “There is a sharply rising risk …

  Federal Reserve Policy: Normally, recessions are the result of a reduction in liquidity by the Federal Reserve, the central bank, which is signaled by a rise in interest rates.   Normally, recessions are short-run affairs of 6 to 9 months.   Unemployment, which is as costly in its way as inflation, causes the Federal Reserve to relent and to increase liquidity, …

  Herland Report: Western Civilization Ceasing to Exist: I often explain that we are losing civilization. The risks come from many sources.  Among them is the growing risk of nuclear war; the rising police state in which behavior protected by the Constitution is criminalized despite the Constitution; unity supplanted by a Tower of Babel; fomented race and gender hatreds that …

  Herland Report: The American De-Industrialization: As I recently wrote, the US no longer has an economy.  America is a market for goods produced offshore with foreign labor that US global corporations sell to Americans.   The US which once produced its own manufactured goods and food now imports much of it.  The result is that fewer and fewer American incomes are based …