STORY AT-A-GLANCE Switzerland was involved in laundering hundreds of millions of dollars in stolen assets and actively supported Nazi economic interests during and after WWII Millionaires and billionaires flock to Switzerland to stash their money, lured by the anonymity and safety that Swiss banks promise Each year, the world’s elite descend upon Davos, Switzerland, … [Read more...] about Why Is Switzerland the Headquarters of Emperors?
International Monetary Fund (IMF)
Enjoying one of the highest per capita economies of Europe in 1990, today’s Ukraine has fallen to the bottom of the list, ranking among the most corrupt states on Earth. Despite billions in IMF loans spent over 30 years, Ukraine’s economy is 2/3 what it was in 1990 and has lost its once powerful rocket/aviation and space industry that was once the most productive on Earth. Even … [Read more...] about Ukraine has become the spark plug for a potential thermonuclear WW3.
By Vijay Prashad and Taroa Zuniga Silva – Nov 3, 2021 The declaration of a state of emergency by Guillermo Lasso is more likely about quelling opposition than guaranteeing security for Ecuadorians. On October 18, 2021, Ecuador’s President Guillermo Lasso declared a state of emergency for 60 days. This declaration led to the constitutional rights of Ecuadorian nationals being … [Read more...] about Ecuador’s Neoliberal Government Announces State Emergency to Impose Austerity
According to Reuters, more than 500,000 farmers attended a rally in the city of Muzaffarnagar in the Indian state of Uttar Pradesh on 5 September. Hundreds of thousands more turned out for other rallies in the state. Rakesh Tikait, a prominent farmers’ leader, said this would breathe fresh life into the Indian farmers’ protest movement. He added: “We will intensify our … [Read more...] about Agrifood Conglomerates: Smashing the Heads of India’s Farmers: A Global Struggle Against Tyranny
The Lebanese government has said it will receive $1.135 billion in International Monetary Fund (IMF) Special Drawing Rights as the newly formed government tries to tackle the worst economic collapse in decades. On Monday, Lebanon’s Finance Ministry said in a statement that the central bank would be receiving $1.135 billion in Special Drawing Rights (SDRs) from the … [Read more...] about Lebanon to receive $1.1bn from IMF reserve to help its struggling economy after forming government following 13-month deadlock
Lebanese leaders have formed a new government led by Prime Minister Najib Mikati, finally putting to an end 13 months of political deadlock that worsened Beirut’s crippling economic situation. On Friday, Mikati, who was designated prime minister in July, alongside President Michel Aoun, agreed on the formation of the new cabinet and signed it into a decree. Mikati remarked … [Read more...] about Lebanon announces new government, ending 13 months of political deadlock
After the humiliating exit of American troops, the US Treasury has freezed $9.4 billion of Afghanistan's Central Bank reserves. The Taliban’s declaration that it had taken control of Afghanistan on Monday put central bank watchers around the world on alert. The nation’s central bank, Da Afghanistan Bank, held $9.4 billion in international reserves as of April, according to … [Read more...] about US Freezes $9.4 Billion Of Afghanistan Central Bank Reserves
The last time I looked, Africa was not doing all that well. The world’s second-biggest continent is no better off than it was under European colonial rule. Some places are worse off, as the number of desperately poor in sub-Saharan Africa continues to rise. Meanwhile, the same outside forces act as pirates to steal the legacy of 1.2 billion people. And despite all the rumors … [Read more...] about It’s Time for Some New Light on the Dark Continent
The warnings are getting louder. Is anybody listening? For months, I have been documenting on my website how the global financial system is absolutely primed for a crisis, and now some of the most important financial institutions in the entire world are warning about the exact same thing. For example, this week I was stunned to see that the Telegraph had published an article … [Read more...] about Why Are The IMF, The UN, The BIS And Citibank All Warning That An Economic Crisis Could Be Imminent?