Category Archives: Globalization

Michael Hudson on Russia, Iran and the Red Sea: NATO’s War Economy Collapses

Michael Hudson describes how the US, embarrassingly bested by Russia and now the Houthis, is doubling down on ally-damaging economic retaliation.

World Bank Enables Foreign Aid Theft

The World Bank encourages governments to reduce capital controls, draining precious foreign exchange and government resources.

China Is the World’s Sole Manufacturing Superpower

Not surprisingly, China tallies as number one in manufacturing…..and that is before European deindustrialization has really gotten going.

The US, Israel Have Lost Battlefield Control – Houthis Have Attacked US Destroyer, Hit Greek-US Owned Bulker; Iran Has Hit US Base in Kurdish Capital, Erbil

The Houthi situation has developed not necessarily to the US’ and UK’s advantage.

Fixing the Panama Canal

The impact of the reduction in Panama Canal capacity illustrates choices we will have to make. Some are more pro-survival than others

Odds of US Bank Failures Rise with Office Space Loan Losses, Fed Interest Rate Mismanagement

US bank pain: Loans for urban office buildings come a cropper as they were already suffering other interest rate losses.

Beijing’s Bid For Influence in the Global South

Even a US propaganda organ is having to take notice of how China is taking advantage of US policy failures, particularly in the Global South.

From the Great Divergence to South-South Divergence

A discussion of the need to replace the Great Divergence framework illustrates how economists often cling to outdated ideas.

Status of US Dollar as Global Reserve Currency and USD Exchange Rates: Long, Slow, Uneven Decline Continues

China’s renminbi keeps losing ground. But tiny “other” reserve currencies combined are taking share from the US dollar.

Prof. Michael Hudson, World Predictions for 2024 (USA, UN, Palestine, Russia And BRICS)

Michael Hudson pulls out his crystal ball to forecast what might be in store for 2024.

Because of Israel’s War Against Palestine, There Are No Innocent Ships at Sea

The Houthis raise the ante in their campaign against ships that could be bound for Israel.

India’s Russian Oil Imports Helped Prevent A Global Polycrisis

India makes a bold claim about spillover benefits from having ignored Western sanctions on Russian oil.

Europe’s Bad China Bluff

A show of Europe’s leaders eyepoking China to try to shift blame for their policy failings.

Honey Trap for Israelis and Americans in the Red Sea

John Helmer provides new intel on Red Sea machinations of various players in response to Houthi action against sea trade with Israel.

Being “Pro-American” Today Means Disaster for Latin America, with “Monroe Doctrine” Coming Back

As the US keeps having its military and geopolitical weakness exposed around the world, Latin America is becoming a new focus.