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...Category Archives: Currencies
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.
Read more...Danny Haiphong: Pepe Escobar and Michael Hudson Join on BRICS Plus Six, Ukraine, and the Multipolar World Economy!
Danny Haiphong talks to Michael Hudson and Pepe Escobar about hot mulitipolarity topics, particularly BRICS and its “currency” plans
Read more...BRICS’ Expansion Is Beneficial But It Also Isn’t Without Strategic Challenges
BRICS is set to add important new members…but will their diversity complicate coming to common policy stances?
Read more...A Russian Paper on New Currency/International Reserve Options Finds No Magic Bullets
A recent paper in a Russian economics journal confirms that there is no simple way out of the dollar hegemony box.
Read more...How Javier Milei Upset Argentina’s Political Status Quo
Yves here. We’re featuring a post from openDemocracy on Argentina’s primary results that had far-right candidate Javier Milei beating the candidates of the two parties that have been in power for two decades. The post is telling, and not in a good way. Milei does advocate extreme views (not that he can go as far […]
Read more...BRICS Officially Confirmed That It Doesn’t Want To De-Dollarize & Isn’t Anti-Western
Yet more evidence that the BRICS aren’t ready to launch a serious anti-dollar/new currency regime.
Read more...