Michael Hudson: Debt, Sponsors of the Wars, Future of USD and BRICS
ichael Hudson on topics old and new: the role of debt in rentier extraction and US hegemony, and the prosepcts for the dollar and BRICS.
Read more...Category Archives: Currencies
War Hawks’ Drive to Expand NATO into Asia May Destroy Western Military Alliance
Individuals can fail upwards, but organizations? NATO not been up to the task of propping up Ukraine, but the US wants to aim it at China.
Read more...Russia Is Finally Correcting False Perceptions of BRICS
Russia is dialing down expectations for big BRICS developments at a late August summit.
Read more...Explaining China’s & India’s Reported Differences Over Expanding BRICS
Quelle surprise! China and India have different economic interests, which means they have diverging visions for BRICS development.
Read more...Alt-Media Is in Shock After the BRICS Bank Confirmed That It Complies with Western Sanctions
Andrew Korybko explains why the BRICS won’t move as quickly on the new reserve currency projects as enthusiasts suggest.
Read more...Russian Central Bank Governor Elvira Nabiullina and Head of “BRICS Bank” Throw Cold Water on BRICS Currency Project
We’re late to a story that interestingly has been very much under-reported, perhaps because it is contrary to the anti-globalist narrative….already a minority faction in the Anglosphere. We’ve said for some time that the prospects for replacing the dollar are a long way away, even more so with a newly-created, reserve currency aspirant. Our views […]
Read more...James Galbraith: How Central Bank Myths and Practices Support Financiers and Dollar Hegemony
Sadly, some bank-serving fables are very durable, so James Galbraith has (yet another) go at them.
Read more...America Has Just Destroyed a Great Empire
America is making a mess in trying to preserve its hegemony.
Read more...The EU Sows the Seeds of Its Own Destruction
Brussels’ increasing attacks on the working class mirror decades-long Italian efforts that have caused a collapse in standard of living and trust in the EU.
Read more...A New Third World Debt Crisis? The Need for System Change
Emerging economies look to be on the verge of a whole lotta debt hurt. Why does this happen to them so often?
Read more...Michael Hudson at Global University, Hong Kong, on Ukraine, Europe, China, and the Dollar’s Future
Michael Hudson gives a globe-spanning look at recent economic and geopolitical events.
Read more...Eurobanks and London Firms Insist Very Bad Things Will Happened if Euro Derivatives Clearing Moves to Continent
anks and loser clearinghouses are complaining about a (long) planned derivatives relocation to Europe. But is this mainly special pleading?
Read more...“Crypto Is a Fraud on the Public”: Financial Watchdog Explains Ties Between Crypto and the Banking Crisis
Dennis Kelleher of Better Markets explains why crypto is the last place anybody should be running to for safety.
Read more...How Trade Fragmentation Affects Bank Credit Supply
Engaging in more bilateral trade to bypass the dollar fragments the activities of major international banks and even affects locak players.
Read more...NY Times Is Wrong on Dedollarization: Economist Michael Hudson Debunks Paul Krugman’s Dollar Defense
Michael Hudson calls out Krugman for invoking the favorite libertarian trope of hyperinflation.
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