It’s wake up time. For months, there has been a tremendous amount of denial out there. So many of the “experts” assumed that the Federal Reserve and other central banks had everything under control and that things would “return to normal” before too long. But that hasn’t happened. Instead, the wheels seem to be coming off the bus and nobody seems to know what to do. The Fed appears to be determined to keep raising interest rates in a desperate attempt to fight inflation, and this has forced other central banks all over the globe to raise rates as well in order to keep their currencies from absolutely tanking. But all of these interest rate hikes are taking us into a major global economic downturn, and central bankers in Europe are literally screaming at the Fed to end the madness.
But the Fed is not going to end the madness, and so things are going to get really bad.
In fact, Bank of America is now projecting that the U.S. economy will lose 175,000 jobs a month during the first quarter of 2023…
As pressure from the Fed’s war on inflation builds, nonfarm payrolls will begin shrinking early next year, translating to a loss of about 175,000 jobs a month during the first quarter, the bank said. Charts published by Bank of America suggest job losses will continue through much of 2023.
“The premise is a harder landing rather than a softer one,” Michael Gapen, head of US economics at Bank of America, told CNN in a phone interview Monday.
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The overthrow of PM Sheikh Hasina in 2024 was funded by USAID and Clinton family money, Mohibul Hasan Chowdhury told RT
The unwillingness of Bangladesh to condemn Russia over the Ukraine conflict was one of the reasons the US wanted to oust Prime Minister Sheikh Hasina, former cabinet minister and chief negotiator Mohibul Hasan Chowdhury has said in an interview with RT.
Hasina, who led Bangladesh for 15 years, fled the country in August 2024, following weeks of violent student-led protests which claimed 700 lives, according to some estimates.
Chowdhury, who served as the country’s shipping minister, was at the heart of negotiations between the authorities in Dhaka and demonstrators during the crisis. The country has been led by an interim government since then, which pledged to hold an election in 2026.
Chowdhury told RT in an exclusive interview to be aired on Monday that the uprising was instigated by NGOs linked to the US Agency for International Development (USAID) and the ...
The fighting in southern Lebanon marks the collapse of a fragile truce – and could redraw the region’s balance of power
On Thursday, the Israel Defense Forces (IDF) launched a series of coordinated strikes on Hezbollah infrastructure in southern Lebanon. According to Israeli sources, the strikes targeted weapons depots, command centers, and communication systems used by militants to coordinate their activities along the border area.
Before the operation began, the IDF issued warnings urging residents of several towns to leave areas that could come under fire. The Israeli military emphasized that its actions were aimed solely at military targets but did not rule out the possibility of expanding the operation if provocations from Hezbollah continued.
West Jerusalem accuses Hezbollah of violating ceasefire terms and attempting to rebuild its military capabilities. Just days earlier, Israeli Prime Minister Benjamin Netanyahu stated that Hezbollah was taking steps to regroup and ...
A recent report has revealed that Paramount Global, an American multinational mass media and entertainment conglomerate, maintains an internal blacklist of entertainment figures it labels “anti-Semitic,” applying the term to any artist who supports Palestine or denounces Israel’s ongoing genocide in Gaza.
Variety magazine reported on Tuesday that Paramount’s new CEO, David Ellison, has moved to sever ties with all pro-Palestine or anti-Israel movements.
To that end, the company has dismissed executives critical of Israel and refuses to collaborate with any artist or public figure who views the occupying regime’s actions in Gaza as genocidal.
In a statement released on Friday, Paramount said it “disagreed with recent efforts to boycott Israeli filmmakers,” claiming that “silencing individual creative artists does not promote better understanding or advance the cause of peace.”
The statement came after Film Workers for Palestine, supported by over 4,000 international ...
