An American in Siberia Gives a Preliminary Assessment of the Impact of Sanctions on Russia
An on-the-ground take on how Western sanctions are affecting ordinary Russians.
Read more...Category Archives: Currencies
America Shoots Its Own Dollar Empire in Economic Attack on Russia
The US is gambling with its superpower status by putting its dollar hegemony in play to hurt the Russian economy.
Read more...Fog of Financial Sanctions: Visa and Mastercard Shutdown in Russia Whacks Consumers
Russia is scrambling to deal with being shut off Visa and Mastercard.
Read more...A Very Preliminary Look at the Partial Suspension of Russia’s Access to SWIFT
News on the partial SWIFT cutoff for Russia was fuzzy. Despite being included, its central bank intervened in FX markets this AM. What gives?
Read more...Global Financial Risk Factors and Sovereign Risk
An increase in global financial risk causes a large and persistent widening of sovereign spreads, with the spillover effects especially pronounced for speculative-grade sovereign debt
Read more...IMF Surcharges: A Lose-Lose Policy for Global Recovery
The IMF seems unable to drop its punitive, self and “client” destructive habits.
Read more...Michael Hudson: America’s Real Adversaries Are Its European and Other Allies
America has gone off the deep end re Ukraine. It’s pressuring allies to engage in economic self-harm, which is not a relationship-builder
Read more...Neoliberalism Was Born in Chile. Now It Will Die There
A constitutional convention is remaking Chile to break with the model forged by murderous dictator Augusto Pinochet
Read more...The Saker Interviews Michael Hudson
Yves here. Michel Hudson, in this short talk with The Saker, debunks many widespread misperceptions about the dollar, the US economy, and the prospects for fundamental change. I have only a couple of teeny quibbles and a further thought. Hudson discusses private equity buying up single family homes. While that was a very big trend […]
Read more...The Bitcoin Challenge: How to Tame a Digital Predator
Public authorities should refrain from taking measures supporting additional investment flows into Bitcoin and should treat it as rigorously as the conventional financial industry to combat illicit payments, money laundering, and terrorist financing
Read more...A Half Century Since The Beginning Of The End Of The Post WW II Economic Order
Marking the 50th anniversary of the end of the Bretton Woods economic system.
Read more...Will Tether Bring All The Cryptocurrencies Way Down?
The more you look at the cryptocurrency Tether, the less there is to like.
Read more...Nassim Nicholas Taleb Shellacks Bitcoin and Cryptocurrencies
Nassim Nicholas Taleb explains why Bitcoin is not good for much except enriching early adopters and intermediaries.
Read more...Crypto Crackdown: Only the Beginning?
If you think the officialdom is getting tough with crypto, there’s even more they can do to tighten the screws.
Read more...Sputtering About Crypto and the US Pipeline Ransomware Attack
You can hear the silence about the role of crypto in the Colonial Pipeline and a growing spate of ransom demands.
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