Can the US Adjust Sensibly to a Multipolar World?
The US channels Nora Desmond.
Read more...Category Archives: Currencies
A Debt Crisis Looming in the Global South?
Martin Guzman explains the role of power in sovereign debt crises and restructurings.
Read more...Feds Bust $3.4 Billion Crypto Theft, Demonstrating Ability to Penetrate Supposed Secrecy
One of the big selling points of crypto, privacy, is rapidly disappearing.
Read more...I Tried to Pay My Taxes in Cash – Here’s What Happened, and Why the IRS Should Make It Easier To Do So
A shaggy dog story on trying to get the IRS to accept cash….
Read more...Danny Haiphong and Michael Hudson Discuss The Collapse of Antiquity, the Bank Panic,
Another tour de force by Michael Hudson on how debt dynamics create oligarcies, how the Fed stoked thebank crisis, and the multipolarity push.
Read more...Fed, Central Banks Created the Current Crisis and Are on Course to Making Matters Worse
The Fed has a lot of ‘splaining to do, yet seems determined to keep doing the wrong thing.
Read more...Interest Rate Hikes and IMF Bailouts: the US Tries to Roll Back Chinese Influence in the Global South
As higher interest rates and inflation hit developing countries, the IMF is trying to use bailout terms to sideline Beijing.
Read more...New York Fed Identifies a New Way Dollar Hegemony Is Not Good for Emerging Economies and Other Growing Things
Another mechanism by which US does harm through our indifference to to the impact of our dollar/interest rate policies on other countries.
Read more...Michael Hudson and Radhika Desai on Dollar Imperialism
A deep dive on the development of the dollar system.
Read more...The Gold Standard
A primer on the gold standard, including a discussion of its implications.
Read more...Russia’s Budget Deficit Jumps Amid Plunging Oil Revenues
Russia had a budget shortfall due to a fall in energy-related tax receipts. How serious a problem is this development?
Read more...Economists Radhika Desai & Michael Hudson Explain Multipolarity, Decline of US Hegemony
The new year gets off to a rousing start with the launch of a new bi-weekly talk show with Radhika Desai and Michael Hudson.
Read more...Crypto-Focused Silvergate Bank Got De Facto Backdoor FDIC Bailout via $4.3 Billion Federal Home Loan Bank Advance
More crypto chicanery! How crypto-focused bank Silvergate got a very big ticket rescue from a quasii-government mortgage banker’s bank.
Read more...The Currency Swaps Time Bomb in Global Finance – Rob Johnson
Currency swap exposures have gotten to be uncomfortably large……
Read more...FTX’s Collapse Mirrors an Infamous 18th Century British Financial Scandal
Perilous little is novel in finance, particularly scams like FTX.
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