Dr. Susmit Kumar
During the two World Wars, and especially after WW2, the US gross domestic product was more than half of the world's total gross product. The erstwhile European superpowers were at their lowest point, their industrial basis annihilated by axis and allied bombing.
So-called US capitalism thrived for the next 30-35 years. Then US started printing dollars to …
Bruce Dyer
(Sept 2003) – In the face of the underlying weakness of the American economy, there is a growing sense of inevitability that sooner or later the dollar will be forced to depreciate, an event that will have significant repercussions for the USA and the world economy.
The US dollar accounts for almost 70% of global currency reserves –
Jayanta Kumar
Multinational corporations (MCs) are the first institutions in human history dedicated to centralized economic planning on a world scale. Their primary purpose is to organize and integrate global economic activity in order to maximize profits, and each part of the structure is expected to serve the whole. At present the World Trade Organization (WTO) is the main organizational …
Garda Ghista
For the last decade, and particularly in the last four years, it has become a given that America is indeed an empire. And today, it is becoming clear that this empire is beginning to teeter on the brink of collapse – although we have to study a little harder to see the signs and connect the dots. The …
Garda Ghista
Once the economic collapse of America has occurred, what then? We need to study what our economic options are. Esteemed economist Shrii Prabhat Ranjan Sarkar has provided to the world a glorious vision of a new economic model called PROUT (Progressive Utilization Theory), which contains guidelines for the creation of a new economy. He says that regional, …
“War and imperialism are Siamese twins joined at the hip. Each thrives off the other. They cannot be separated. Imperialism is the single-greatest cause of war, and war is the midwife of new imperialist acquisitions.” Chalmers Johnson
Garda Ghista
While other nations realize it full well, Americans do not want to accept that the United States dominates the
Susmit Kumar, Ph.D.
A Brief History Of The Global EconomyUntil 700 to 800 years ago, the various continents exhibited little difference in wealth and poverty. The industrial revolution in Europe, however, created vast differences in wealth between rich and poor countries due to the fact that the colonies were deprived of the use of the “new technologies.” As …
P.R. Sarkar
(17 January, 1988) – In the economic sphere, you must know that two factors are very important. The first is that money will have to be kept in circulation. It must be understood that the more the purchasing capacity of money is not utilized or money is kept stagnant, the more the economic stratum is damaged. The second …
(2011) – The Economist's "debt clock" displaying galloping world debt by country and total
Across the rich world, governments are borrowing vast amounts as the recession reduces tax revenue and spending mounts on bailouts, unemployment benefits and stimulus plans.
While governments advisers have propagated that the worst global economic storm since the 1930s are clearing, another cloud is looming on the …
(Delhi, November 2009) – In a presentation to the Global PROUT Convention in the Indian capital, Dr. Susmit Kumar foresaw a total collapse of the American economy and a global economic tsunami. As a consequence of present global monetary and trade policies China will have $6 trillion in foreign exchange (FOREX) by 2015, up from $2.6 t today. By then …