“You have to take into account that you may not be able to pay by debit card for a longer period of time,” notes the Dutch National Bank. “Then you have to have cash under the mattress, or be able to pay with QR codes.
Recent Items
Monday, October 20, 2025
Another Central Bank in Europe Warns Citizens to Have Cash “Under the Mattress” Amid Rising Payments System Fragility
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 17 Comments »
Saudi-Iranian Relations Warm as Middle East Braces for Trump’s Return
Supposedly isolated Iran continues to build bridges in its region.
Topics: Guest Post, Middle East, Politics
Posted by Yves Smith at 6:32 am | 29 Comments »
The New Economy and the Tariffs and Tax Breaks to Launch It
Analyses of planned Trump tariffs differ somewhat on the impact, but all find them to be negative. Will the Supremes save Trump from himself?
Topics: China, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Income disparity, Politics, Taxes, The destruction of the middle class, The dismal science
Posted by Yves Smith at 1:50 am | 44 Comments »
Veterans Day: Goya on War
Goya paintings and etchings on war’s unrefined cruelty
Topics: Politics, Water Cooler
Posted by Lambert Strether at 5:25 pm | 34 Comments »
2:00PM Water Cooler 11/11/2024
~ Today’s Water Cooler: Politics, syndemics; Deploy the Blame Cannons! First head rolls at Boeing, breakup rumors; Angus Deaon on economics and economists; Sentinel intelligence ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 126 Comments »
Links 11/11/2024
Topics: Links
Posted by Conor Gallagher at 6:55 am | 239 Comments »
Why the Enthusiasm for Mass Deportation, A Hard and Likely Largely Losing Way to Deal with Illegal Immigration?
Why the idea of mass deportation is set to become the “Defund the Police” of the right: vague but appealingly absolute, and unworkable.
Topics: Globalization, Income disparity, Legal, Politics, The destruction of the middle class
Posted by Yves Smith at 6:54 am | 82 Comments »
In Amish Country, an Unlikely Partnership With Beef Giant JBS Roils Community
Big Ag comes for the Amish.
Topics: Commodities, Environment
Posted by Conor Gallagher at 5:00 am | 15 Comments »
Bank Servicers Whittling Away at Hard-Won Protections Against Foreclosure Abuses: The Maine Example
Banks are slowly making gains in court rulings that will help them again engage in foreclosure abuses.
Topics: Banking industry, Legal, Politics, Real estate, Social values, The destruction of the middle class
Posted by Yves Smith at 1:26 am | 5 Comments »
Links 11/10/2024
Topics: Links
Posted by Conor Gallagher at 6:55 am | 239 Comments »
Germany, Trump, and Walking the Trans-Atlantic Plank
Is government collapse a comeuppance for the German elite, or is everything right on schedule for the transatlantic plutocrats?
Topics: China, Energy markets, Europe, Guest Post, Income disparity, Politics, Russia, Social policy, The destruction of the middle class
Posted by Conor Gallagher at 6:00 am | 54 Comments »
Matt Bruenig: Election Musings
A somber reflection on another lesser of two evils election that didn’t even have the benefit of featuring leftist proposals in a primary despite the incumbent not being on the ballot.
Topics: Guest Post, Politics, Social policy
Posted by Conor Gallagher at 4:00 am | 71 Comments »
Links 11/9/2024
Topics: Guest Post
Posted by Yves Smith at 6:55 am | 203 Comments »
About This Election Week….
Was it a change election after all?
Topics: Guest Post, Politics
Posted by Lambert Strether at 6:54 am | 125 Comments »
Many Voters Backed Abortion Rights and Donald Trump, a Challenge for Democrats
Abortion rights were a winning issue for Democrats in the midterms. Many voters gave it high priority in 2024 but not enough to stop a Trump win.
Topics: Guest Post, Legal, Politics, Social values
Posted by Yves Smith at 4:13 am | 34 Comments »