Category Archives: Payment system

BRICS Considers Mutual Settlements Similar to the Early EU

Finally, a comparatively modest BRICS-escape-the-dollar proposal that makes sense.

Target Just Became the Latest US Retailer to Stop Accepting Payment by Checks. Why Have So Many Stores Given Up on Them?

Retailers and banks are discouraging the use of checks. Why?

Status of US Dollar as Global Reserve Currency: Central Banks Diversify from USD-Assets to Other Currencies and to Gold

Long, slow erosion of the US dollar’s dominance. China’s renminbi keeps losing ground, many other currencies gain, as does gold

TaxCast #142: Blockchain Havens

How blockchain/crypto tax havens are displacing traditional tax havens.

The Rise and Fall of Paper Money in Yuan China, 1260–1368

This column studies the rise and fall of paper money in 13-14th century China over three stages: full silver convertibility, nominal silver convertibility, and fiat standard.

The U.S. Finally Started to Crack Down on Crypto in 2023

An overdue clean-up in crypto has finally started. But will it go very far?

Russian Asset Seizure Scheming: EU and Euro as US War Proxies Would Take Most Risk; USD Assets Only $4.6 Billion

Addressing wide-of-the-mark commentary on the latest too-clever Western idea. of stealing the $300 billion in Russian central bank assets.

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.

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.

What Good Is Dreaming, Anyhow?

Dreaming of Covid and propaganda…

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

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.

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.

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.

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.