STWR - Share The World's Resources

The US mortgage crisis has spiralled into "the largest financial shock since the Great Depression" and there is a one-in-four chance that it will cause a full-blown global recession, the International Monetary Fund warned yesterday. 

The regime of monopoly-finance capital benefits a tiny group of oligopolists who rely heavily on speculation - a deep-seated contradiction intrinsic to the development of capitalism itself.

If the US economy crumbles, it will drag most countries with it - and the world still awaits the fatal sting of the crisis

A lack of international cooperation defines the current financial crisis - which bears comparison to the situation in 1929

There is a crisis in free market ideology - but the movement towards state intervention won't last

March 12.  Crude oil for April delivery hit $110 per barrel.  The US dollar fell to a new low against the Euro.  It now takes $1.55 to purchase one Euro. These new highs against the dollar are the ongoing story of the collapse of the US dollar as world reserve currency and corresponding collapse of American power.

America's so-called gross domestic product is an enormous number and an important number, but is it the right number? That's the question that comes before the US Senate Wednesday in an unusual hearing on the far from perfect science of measuring economic activity.