Category Archives: Currencies

Sri Lanka Economic Crisis Inflicted by Self-Serving Elite

How the Sri Lanka debt crisis was decades in the making.

Michael Hudson: The Dollar Devours the Euro

Michael Hudson argues that the euro and European economic independence are intended US targets for the war in Ukraine.

The Importance of Custody, or NATO’s Internal Gold War

Both the UK’s Government and the Bank of England have gotten suspiciously tetchy over German requests to get its gold back.

Putin Edict on “Gas for Roubles” Consistent With Original Description (and Our Take); Western Officials Nevertheless Claim a Walkback

Putin’s gas for roubles plan was over-interpreted by foreign policy experts and media employees, and that’s working out to Russia’s advantage.

Joe Lauria Interviews Michael Hudson and Richard Wolff on Consortium News

Michael Hudson and Richard Wolff discuss how the economic and ground war over Ukraine is moving geopolitical tectonic plates.

Putin-Scholz Phone Call on “Gas for Roubles” Mechanism Conforms to Our Assessment; Disputes Over Russia Force Reduction Around Kiev; West Pressure on China, India Continues

What Russia is up to and what if anything the West can do continues to dominate the media. Too bad we know so little about what is afoot

The IMF Connection with the Ukraine Crisis

You can’t quite say the IMF is the root of all evil. But it sure made a lot of bad situations worse.

Ukraine Updates and More Discussion of the Russia “Gas for Roubles” Countersanction

Gazprom is scheduled to announce what its roubls-for-gas payments stipulations are, even though most Western countries said no, sight unseen.

“Dollar Hegemony Ended Last Wednesday”: Michael Hudson Interviewed by Margaret Flowers on Clearing the Fog

Michael Hudson continues to discuss how Western sanctions are undermining the central role of the dollar in US economic dominance.

NATO-Russia Proxy War – Revealing Signs of a Fading America: Michael Hudson

Michael Hudson continues his political and financial analysis of the war in Ukraine.

Michael Hudson Talks with the Saker About the Russian Counter-Sanction of Paying for Its Gas With Roubles

Michael Hudson answers the Saker’s questions about the ramifications of Russia’s “gas only for roubles if you have been mean to us” measure.

Some Additional Comments on the Russian Counter-Sanction of Requiring Gas Payments in Roubles

Attempting to clear some of the fog around the Russia counter-sanction of requiring rouble payment for gas by “unfriendly nations.”

Russia Counter-Sanctions “Unfriendly Nations” by Requiring Gas Payments in Roubles; Dallas Fed Predicts 2022 Global Recession if Russian Energy Supply Remains Restricted

Clearing up misunderstandings about the Russian move to require unfriendly countries to pay roubles for gas.

Stagflation Threat: Be Pragmatic, Not Dogmatic

More discussion of the current, misguided central bank use of interest rates to combat inflation, and what will probably become stagflation.

Michael Hudson Discusses Russia Sanctions Blowback on the Renegade

Michael Hudson revisits how US sanctions will ultimately hurt its economy more than Russisa’s, as crippling the dollar hegemony.