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.
Read more...Category Archives: Payment system
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...What Good Is Dreaming, Anyhow?
Dreaming of Covid and propaganda…
Read more...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...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...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...Oil, Gas, Wages, Interest Rates: Biden’s Other 2024 Risks
A supposedly good economy has not helped Biden much and trends such as oil prices do not look to be in his favor.
Read more...As the Ukraine War Drags On, It’s Time to Reassess the Impacts of Sanctions
The bundle of sanctions was initially designed and imposed in haste, with little basis to assess historic performance.
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...Twitter’s Lost Weekend (“Something Went Wrong”)
A lively weekend on the Twitter!
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.
Read more...Big Banks Must Become Globally Resolvable – or Significantly ‘Smaller’
Sadly, coming up with a way to resolve big international banks is a non-starter. The answer is very strict regulation. But that would be work.
Read more...Banks Try to Make Security Customer-Friendly. Not a Good Mix.
Retail bank security ain’t all it’s cracked up to be.
Read more...Crypto Bank Silvergate to Shut Down and Liquidate, After FDIC Examiners Show Up. Shares Collapse Entirely
Silvergate: In 16 months from $239 at peak crypto consensual hallucination to $2.76, including the 44% plunge afterhours.
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...