/econ/ - Economics

hello

this is my first time on this board and I just came to ask a noob question since asking google did not give me a succinct answer

Does tax-free activity add to the GDP?

Do you expect another crisis like in 2008, /econ/?

Hey, I figure some people here would be interested in at least glancing at these books. They're literally communist works having to do with economics.

First up, an analysis of the origins of American capitalism: https://archive.org/details/AmericanCapitalism16071800

Second, an overview of Soviet economic history by a commie academic up to 1948: https://archive.org/details/SovietEconomicDevelopmentSince1917

A reform-minded Soviet economist discusses capitalism in the 1960s: https://archive.org/details/PoliticoEconomicProblemsOfCapitalism

A North Korean book on the country's agrarian reforms of the 1940s and 50s: https://archive.org/details/TheHistoricalExperienceOfTheAgrarianReformInOurCountry

And of course no commie list would be complete with books about how imperialism works:

* https://archive.org/details/LogicOfImperialism

* https://archive.org/details/NeocolonialismMethodsAndManoeuvres

* https://archive.org/details/TheOverseasExpansionOfCapital

And finally, three Soviet compilations of Lenin's writings:

* https://archive.org/details/QuestionsOfTheSocialistOrganisationOfTheEconomy

Russia, China to Create Entirely Different Gold Market

While key Western banks are artificially restraining gold prices to breathe life into the diluted and devalued dollar system, Russia, China and other emerging economies are involved in "the genial move" to establish an entirely different gold market, F. William Engdahl underscores.

Key central banks, particularly the Federal Reserve and Bank of England, and Western market players have long been accused of clandestine gold price manipulating aimed at preserving the dollar's role "as world reserve currency primus," American-German economic researcher and historian F. William Engdahl writes.

"The COMEX gold futures market in New York and the Over-the-Counter (OTC) trades cleared through the London Bullion Market Association do set prices which are followed most widely in the world. They are also markets dominated by a handful of huge players, the six London Bullion Market Association gold clearing banks — the corrupt JP MorganChase bank; the scandal-ridden UBS bank of Zurich; The Bank of Nova Scotia — ScotiaMocatta, the world's oldest bullion bank which began as banker to the British East India Company, the group that ran the China Opium Wars; the scandal-ridden Deutsche Bank; the scandal-ridden Barclays Bank of London; HSBC of London, the house bank of the Mexican drug cartels; and the scandal and fraud-ridden Societe Generale of Paris," Engdahl narrated.

Furthermore, Western banks are issuing numerous paper "gold-futures" and other speculative contracts which are in fact disconnected from real physical gold.

In a word, operations with the precious metal in London and New York are in questionable hands, the economic researcher noted.

The West's ultimate goal is to preserve the dollar's monopoly in the market thus breathing life into the US-led global financial system. But no one likes monopolists.

Predictably, the current state of affairs cannot satisfy rising economies, such as China, Russia and other emerging powers.