Economic analysis and commentary
Since the annihilation of the country beginning the War on Terrorism by the United States, it has been very difficult to combat corruption in the country. The war itself had wiped out nearly all of the infrastructure in the country. Not much of it has been returned, even after a decade and a half of…
It seems digital currencies have been having a terrible year so far. Aside from them reaching the highest price they’ve ever fetched before, they’ve also suffered from the largest crashes they’ve ever suffered as well. Basically, everyone who has ever warned the public about digital currencies has specifically mentioned the instability of an unregulated currency.…
The value of the US dollar has dropped to its lowest point in three years (since 2015). As reported by RT America: “The ICE US Dollar Index, which measures the American currency against a basket of six rival currencies, dropped 1 percent to 89.245 on his speech, falling below 90 for the first time since…
Proponents of capitalism insist that it is their system alone that can produce the greatest products available to mankind. It is only via the profit motive that production can hammer together the greatest of quality. There is nothing that can surpass the capitalist mode of production in providing luxury commodities to people through the market,…
As the US continues to desperately look for a way to punish the Democratic People’s Republic of Korea (DPRK) for working towards a means to defend itself from US imperialist aggression, they’ve decided that they’ll place pressure on other countries. Right now they’ve gone to the UN Security Council and demand new sanctions against the…
Venezuela has announced that they intend to drop the US dollar as the main trading currency for the country. Instead, they’ve advocated the use of a basket of alternative currencies. On the table right now are the Russian ruble, the Chinese Yuan, Japanese Yen, the Indian Rupee, and possibly the Euro. This will be the…
In the wake of the recent hydrogen bomb test by the DPRK, US president Donald Trump has threatened a nuclear strike against the country. In a White House statement that was read out to the public, it was made clear that the president intended to use nuclear capabilities to stop the DPRK from further development.…
It is often held as conventional wisdom that expanding the money supply means causing inflation. Those claiming this say that “printing” more money will automatically increase the prices of goods and services in an economy. In the view of many, the expansion of the money supply somehow bypasses the forces of supply and demand and…
If Forrest Gump were an economist he’d say: “My Mama always said capital is as capital does.” Such is the logic of capital. Years removed from the subprime mortgage crisis of 2007-08, it appears that the capitalist economy of the US has not learned its lesson. Another subprime lending time bomb has appeared. This time…
The big White House news is the removal of Steve Bannon as an aide to Donald Trump. Since the beginning of his presidential campaign, Bannon has been there at Trump’s back. It is also true to say that he has been a great source of the ideas and opinions that Trump has implemented while in…
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