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...Category Archives: Currencies
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.
Read more...What Does Mustard Gas Have in Common with Crypto and Blockchain?
In Let Them Eat Crypto, Peter Howson warns that these schemes are fraudulent and causing indefensible harm to both humanity and the planet.
Read more...Jim Chanos: “The Crypto Ecosystem Is Well-Suited for the Dark Side of Finance.”
The famed short-seller talks Sam Bankman-Fried, why Wall Street is still so keen on crypto, and how technology is making us dumber
Read more...India Expected To Reject Russian Demand To Pay For Oil In Chinese Yuan
As we warned, bilateral trade, here to avoid using the dollar, is messy. Russia is balking at taking more Indian rupees in payment for oil.
Read more...Michael Hudson: IMF Showdown with China in Morocco
China is challenging the US retaining what amounts to veto rights at the IMF. What next?
Read more...Michael Hudson: A BRICS+ Bank: How Would It Really Function?
Michael Hudson clears up some of the considerable confusion about what a new BRICS “currency” would amount to.
Read more...More on Ukraine’s Desperate Economy
A recent report on conditions in Ukraine paints a more dire picture than your humble blogger had imagined, and I have an active imagination.
Read more...BRICS: An Anti-Imperialist Fantasy and Sub-Imperialist Reality? – Patrick Bond
A no-holds-barred critique of BRICS as mainly aspiring to participate in in current organizations, rather than a create new ones.
Read more...The Coming Ukraine Collapse and the “Rebuilding” Headfake
The hyping of Ukraine rebuilding is at least as delusional as the earlier war talk.
Read more...How the Fed Created the Post-2008 Global Safety Net for Banks
The “liquidity” support provided by the Fed to megabanks through cross-border lending in fact acted as subsidies.
Read more...When Credibility Is Not Enough: Fiscal Dominance, Monetary Policy, and Exchange Rates in Early Modern Venice
Institutional design does matter in determining the international credibility of a currency.
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