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.
Read more...Category Archives: Currencies
Elections and Devaluations
Quelle surprise! Regimes facing elections often goose their economies, leading to currency appreciation pre-vote and devaluations afterwards.
Read more...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”.
Read more...TaxCast #142: Blockchain Havens
How blockchain/crypto tax havens are displacing traditional tax havens.
Read more...Paris Wants to Show Strength, but Faces Geopolitical Crisis in Africa
A status report on France losing its hold in Africa.
Read more...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.
Read more...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?
Read more...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.
Read more...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.
Read more...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.
Read more...As Russia Signals It Can Achieve Maximalist Aims in Ukraine, How Would Russia Manage Kiev and Western Ukraine?
Russia is presumably thinking hard about not just how to conclude the war in Ukraine, but what happens the morning after.
Read more...Yanis Varoufakis: Europe’s 15-Year Slump
The survival of the euro has come at the cost of Europe’s permanent stagnation and continuing fragmentation
Read more...Is American Banking Safe? You Might Not Like The Answer from Two Fed Veterans
Walker Todd and Bill Bergman expose the untold story of banking instability, regulatory battles, and the struggle to protect the public.
Read more...NATO/West or Global Majority? Unipolar Destruction or Multipolar Development? The World Must Choose
Yves here. While there is a lot of merit in the latest discussion between Radhika Desai and Micheal Hudson on their favorite topic of mutlipolarity, I feel compelled to correct some imprecisions. The video depicts the “German government” as having “raised” the debt brake but then “not being allowed” with no depiction of agency, to […]
Read more...Why Did Argentina Elect a Right-Wing Non-Establishment Extremist?
More on the truly wacky new president of Argentina, Javier Milei who nevertheless may get some of his bad ideas implemented.
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