Finance News

 The single most astonishing fact about foreign exchange is not the high volume of transactions, as incredible as that growth has been. Nor is it the volatility of currency rates, as wild as the markets are these days. Instead, it's the extent to which the market remains dollar-centric.   Consider this: When a South Korean wine wholesaler wants to import Chilean …

The rioting and looting currently taking place in Egypt is primarily a result of massive food inflation and shows what all major cities in the United States will likely look like come year 2015 due to the Federal Reserve's zero percent interest rates and quantitative easing to infinity. On December 16th, 2009, NIA named Time Magazine's 2009 'Person of the …

The Obama administration's $78 billion cut to US defense spending is a mere "pin-prick" to a behemoth military-industrial complex that must drastically shrink for the good of the republic, a former Reagan administration budget director recently told Raw Story. "It amounts to a failed opportunity to recognize that we are now at a historical inflection point at which the time has arrived for …

Economist Michael Hudson joins Thom to talk about countries looking for alternatives to US dollar and rescued banks teetering towards collapse.    

We were told the world economy was back on track, but festering problems threaten to hit developing countries hard By Jayati Ghosh December 30, 2010 "The Guardian" – -It's been an difficult year globally. It began with much relief and congratulations all round, based on perceptions that the financial crisis had been handled effectively, that the Great Recession was over and …

America's military and economic empire could collapse at any time, but predicting the precise day, week or month of its potential demise is unattainable, according to a former New York Times war correspondent who spoke with Raw Story. "The when and how is very dangerous to predict because there's always some factor that blindsides you that you didn't expect," Pulitzer-winning journalist …