Economist Peter Koenig on Venezuela’s Push Towards a “Resistance Economy”

It is a simple model of “Resistance Economy” – local production for local markets with local money through local public banks that work for the local economy.

Venezuela | Protest

The Government of Venezuela called an international Presidential Economic Advisory Commission, 14-16 June, 2018 – to debate the current foreign injected economic disturbances and seeking solutions to overcome them. I was privileged and honored to be part of this commission. Venezuela is literally being strangled by economic sanctions, by

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Maduro Won Venezuela’s Election Despite US Meddling, Now What?

Thus far, Maduro and the Bolivarian leadership have been unable or unwilling to implement the necessary measures to deal with Venezuela’s economic crisis.

Supporters of Venezuela's President Nicolas Maduro gather outside the government-controlled National Electoral Council in Caracas, Venezuela, Tuesday, May 2, 2018. Maduro was officially declared winner of the presidential election. (AP Photo/Ricardo Mazalan)

Nicolas Maduro was re-elected for another term of office in the Venezuelan presidential election on Sunday 20 May. The majority of the reactionary opposition, with full support from Washington and Brussels, had called for a boycott, which led to a very low turnout in the middle-and-upper-class areas of the main cities. Their demand that the

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Whistleblower: EU, IMF Manufactured Greek Debt Crisis Through Unscrupulous Accounting

“We had the role of a rubber stamp…” – a former board member of Greece’s national statistical authority has revealed that she and other members were forced to sign off on falsified deficit and debt figures that plunged their country into an ongoing economic depression.

Greece's Statistics agency employees walk past the logo of the agency in Piraeus, near Athens. Serious errors in Greek deficit data, revealed last year, helped trigger the European government debt crisis rattled world markets and confidence in the euro. (AP/Petros Giannakouris)

ATHENS (Interview)-- On May 18, a new chapter was written in Greece’s economic odyssey, as the Greek parliament, with the votes of the SYRIZA and Independent Greeks coalition government, approved Greece’s fourth memorandum loan package since the onset of the country’s depression. The strings attached to this new deal with the “troika” of Greece’s

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Trump’s Economic Policy And The Inevitable Financial Crisis

According to several top economists, the American economy is in jeopardy regardless of any actions Trump may take as president.

President Donald Trump, right, Vice President Mike Pence, left, witness Treasury Secretary Steven Mnuchin accompanied by his fiancée Louise Linton sign documents after he was sworn-in by the vice president, Monday, Feb. 13, 2017. (AP/Manuel Balce Ceneta)

(ANALYSIS) --- We’re all too familiar with Trump’s promise to “make America great again”. While the media generally caters to an interpretation implicating his well-known intolerant traditionalism, issues like the environment and economic policy are often swept aside– notably the Trump administration’s decision to put banking regulations on the

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Wall Street Vultures Descend On Debt-Ridden Puerto Rico

‘Any “bailout” that might occur … seems directed only at the Wall Street vultures who now control most of the debt,’ Déborah Berman-Santana tells MintPress News in a sprawling interview about the debt crisis in Puerto Rico.

A protester holds a sign that reads in Spanish, “We didn't take out a loan. We didn't see a dime. We're not going to pay” during a protest in San Juan, Puerto Rico, on July 15, 2015.

ATHENS, Greece --- Despite only making headlines in recent months, the economic crisis in Puerto Rico has been developing and worsening for the past several years, a crisis which has led to Puerto Rico being dubbed “the Greece of the Caribbean.” In this interview, Déborah Berman-Santana, professor emeritus of geography and ethnic studies at

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Larry Summers Pulls Out Of Fed Chairman Race

Critics said that Summers represented the destructive ‘Washington-to-Wall Street revolving door.’

Larry Summers has withdrawn his name from consideration to be Chairman of the Federal Reserve. Larry Summers, who "played a direct role in promoting the imbalances from which the economy continues to suffer." "I have reluctantly concluded that any possible confirmation process for me would be acrimonious and would not serve the interest

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