Daily Archive: May 4, 2018

The Empire Won’t Be Brought Down by China or Russia. It Will Be Done in by Its Debt

What looked possible some years ago have with recent economic policy decisions turned into a realistic scenario: the United States face a technical default. The figures and forecasts published by the Congressional Budget Office (CBO) leave little doubt. Currently, net interest burden accounts for 1.6 percent of Gross Domestic Product (GDP) equal to 9.4 percent of federal revenue absorbing about...

Union of South American Nations (Unasur) is Unravelling and It’s All the US’ Fault

Half of Unasur’s members suspended their participation in the South American bloc. The American-friendly governments of Argentina, Brazil, Chile, Colombia, Paraguay, and Peru coordinated their move just days after Bolivia assumed the rotating presidency of the organization, justifying their decision on the alleged basis that the landlocked country hasn’t provided any real sense of leadership in the few days that...