Category Archives: Currencies

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.

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?

“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.

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.

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.

Can the US Adjust Sensibly to a Multipolar World?

The US channels Nora Desmond.

A Debt Crisis Looming in the Global South?

Martin Guzman explains the role of power in sovereign debt crises and restructurings.

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.

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….

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.

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.

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.

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.

Michael Hudson and Radhika Desai on Dollar Imperialism

A deep dive on the development of the dollar system.

The Gold Standard

A primer on the gold standard, including a discussion of its implications.