Economics

Most people have never heard of Jaime Caruana even though he is the head of an immensely powerful organization.  He has been serving as the General Manager of the Bank for International Settlements since 2009, and he will continue in that role until 2017.  The Bank for International Settlements...

Who is to blame for the staggering collapse of the price of oil?  Is it the Saudis?  Is it the United States?  Are Saudi Arabia and the U.S. government working together to hurt Russia?  And if this oil war continues, how far will the price of oil end up...

Agency seeks partners for a multi-year project to develop a protocol the FAA can implement for the safe commercial use of drones in the U.S. NASA has launched an initiative aimed at developing a traffic management program for the commercial use of drones, much like standard air traffic control...

Do I have to go on my knees?': grovelling apology from IMF head for incorrect warnings on UK economy ... Head of the International Monetary Fund, Christine Lagarde, accepts her organisation's low growth forecasts for the UK economy were wrong ... Christine Lagarde has asked whether she needs...

When is the U.S. banking system going to crash?  I can sum it up in three words.  Watch the derivatives.  It used to be only four, but now there are five "too big to fail" banks in the United States that each have more than 40 trillion dollars in...

First, President Donald Trump has firmly denounced White Supremacy: Full denouncement of White Supremacy by President Trump highlighting how President Trump accurately said “racism is evil” in the title and upholding the fact President Trump's denouncement didn't qualify any specific type of racism is evil but all racism is evil,...

Michael Snyder | Economics Collapse Blog What has been happening on Wall Street the past few days has been nothing short of stunning.  On Thursday, the Dow Jones Industrial Average plummeted 358 points.  It was the largest single day decline in a year and a half, and investors are starting...