Category Archives: Currencies

Louis Proyect: Greece as Rashomon

Like Akira Kurosawa’s “Rashomon”, the story of Syriza is also one about a rape told from different, self-serving and contradictory perspectives.

Randy Wray: Debt-Free Money and Banana Republics

Objections to the notion of debt-free money.

The Fed’s New “Operation Twist”: Twisted Logic for Bank Profits at the Expense of the Real Economy

How did Janet Yellen and the Federal Reserve justify their rate increase now, despite strong signs that there is little economic basis for doing so?

Call this an exercise in twisted logic, plain and simple.

Why We Brits Should Vote for Brexit

Why England would be better served by leaving the European Union.

Wolf Richter: US Exports & Manufacturing Debacle Covered up by Oil

What the regional manufacturing indices have been saying loud and clear for months have gotten further confirmation….

Greece and Creditors at Loggerheads Again; Troika Wants More Foreclosures

uropean creditors want to extract more blood from a stone, in this case Greece.

Don Quijones: “First They Came for the Pennies…” in the War on Cash

Governments and central banks must do away with the last remaining thing that gives people a small semblance of privacy, anonymity, and personal freedom.

Liquidity Traps as Black Holes

Beware! Liquidity traps are even nastier than you thought.

China’s Raging Bond Bubble Exposed

Yet another China risk warning.

Don Quijones: Barcelona Threatens to Print Parallel Currency, Madrid Seethes

Barcelona threatens to go rogue by issuing its own currency.

TPP: It’s Not a Deal, It’s Not a Trade Deal, and It’s Not a Done Deal

We don’t have the TPP text, ISDS is just as bad as it’s always been, and deals like this have been beaten before.

Michael Hudson on Parasitic Financial Capitalism

An interview with Michael Hudson on his latest book, Killing the Host, which focuses on the destruction wrought by financial capitalism.

Frances Coppola: The Great Yield Divergence

Puzzling over the Great Divergence of real and nominal yields. Ever since the Great Depression, nominal yields have been persistently above real yields Yet in the previous 200 years, despite periods of fiat currency and high inflation, real and nominal yields didn’t diverge. Why do they now?

Frances Coppola: Rethinking Government Debt and Monetary Sovereignity

Debunking the uniformed and regularly hysterical mainstream treatment of government debt and deficits.

Chris Hedges and Leo Panitch: We are All Greeks Now

Leo Panitch and Chris Hedges discuss how nature of imperialism today is financial power.