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  Earlier in 2024, global government debt hit a record $91.4 trillion, according to the Institute of International Finance, the global association of the financial industry. The world’s combined gross domestic product (GDP) in 2024 is projected to be approximately $109.5 trillion. The International Monetary Fund (IMF), which promotes global monetary cooperation, financial stability and economic growth, […]

Turkey has applied for membership in BRICS, an association initially comprised of five major emerging economies: Brazil, Russia, India, China and South Africa. These countries are all leading economies on their respective continents. At the beginning of this year, four additional states joined the organization: Iran, the United Arab Emirates (UAE), Ethiopia and Egypt. Saudi […]

  Europe faces a rising wave of terrorism and increasing crime, yet its political elites struggle to address the situation effectively. They often misidentify the root causes – likely due to ideological bias – leading to misguided measures. Taylor Swift’s concert in Vienna was canceled due to a terrorist threat, and France and Germany imposed disproportionately high […]

  Once driven by market forces, China’s stock market now serves as a strategic instrument in a tightly controlled mixed economy. Under previous administrations, there was a notable push toward pro-market reforms, which allowed for a degree of responsiveness to global financial trends. However, with President Xi Jinping at the helm, the landscape has changed. […]

The Biden administration appears happy with the performance of “Bidenomics” over the last several years; the stock exchange is rising and unemployment is low. However, this was achieved by injecting massive liquidity into the United States economy. The price for that has been the accumulation of huge additional debt and rising inflation. A visit to the […]