Category Archives: Currencies

BRICS Considers Mutual Settlements Similar to the Early EU

Finally, a comparatively modest BRICS-escape-the-dollar proposal that makes sense.

Status of US Dollar as Global Reserve Currency: Central Banks Diversify from USD-Assets to Other Currencies and to Gold

Long, slow erosion of the US dollar’s dominance. China’s renminbi keeps losing ground, many other currencies gain, as does gold

Michael Hudson: US Cryptocurrency as an Offshore Banking Center

Yet another cryptocurrency scheme, here for its major use case, tax evasion. But for a good cause, the US dollar!

“Dollar Doomsters Have Got It All Wrong”

Why reports of the [imminent] death of the dollar are greatly exaggerated.

The IMF’s Chronicle of a Catastrophe Foretold

A dour IMF forecast bodes ill for developing economies and provides more confirmation of crises in the offing.

Elections and Devaluations

Quelle surprise! Regimes facing elections often goose their economies, leading to currency appreciation pre-vote and devaluations afterwards.

Are the BRICS and Their New Development Bank Offering Alternatives to the World Bank, the IMF?

An assessment of how far BRICS has gotten in creating new monetary arrangements and institutions. The short version is “not very”.

TaxCast #142: Blockchain Havens

How blockchain/crypto tax havens are displacing traditional tax havens.

Paris Wants to Show Strength, but Faces Geopolitical Crisis in Africa

A status report on France losing its hold in Africa.

Attrition War — How Israel Is Losing on the Economic Front

An update on the impact on the war on the Israel economy, and the efforts to mitigate it.

The U.S. Finally Started to Crack Down on Crypto in 2023

An overdue clean-up in crypto has finally started. But will it go very far?

Russian Asset Seizure Scheming: EU and Euro as US War Proxies Would Take Most Risk; USD Assets Only $4.6 Billion

Addressing wide-of-the-mark commentary on the latest too-clever Western idea. of stealing the $300 billion in Russian central bank assets.

Status of US Dollar as Global Reserve Currency and USD Exchange Rates: Long, Slow, Uneven Decline Continues

China’s renminbi keeps losing ground. But tiny “other” reserve currencies combined are taking share from the US dollar.

Prof. Michael Hudson, World Predictions for 2024 (USA, UN, Palestine, Russia And BRICS)

Michael Hudson pulls out his crystal ball to forecast what might be in store for 2024.