Category Archives: Banking industry

Michael Hudson: From Babylon to Wall Street – How Bankers Make You Poor

A wide-ranging historical discussion with Michael Hudson, tracing the destructive rise the power of lenders from ancient times to today.

Michael Hudson: Church and Finance – From the Crusades to World War I

Michael Hudson extends his historical review from debt in antiquity the role of the Catholic Church in the rise of banking and war finance.

Michael Hudson: Today’s Civilizational Conflict

A new article by Michael Hudson, an extract from an upcoming book, gives a long view of colonial exploitation and China as a counter-model

Trump’s Self-Destructive Fight with the Fed for Low Interest Rates: His “Fiscal Dominance” Game of Chicken

Trump is fighting another war he can’t win: trying to use interest rates to counter the inflation created by his yawning fiscal deficits.

Broligarchs Demand Silicon Valley Bank 2.0: What Could Go Wrong?

It seems no idea is too stupid not to get a following. This one is to recreate Silicon Valley Bank, a standout failure.

Satyajit Das: Lessons from Japan’s Massive Debt Hangover

While there are things the debt-addled West can learn from Japan, the dirty secret is they were in some key ways in better shape than we are.

Tariff Turmoil and the Money Markets: Yet Another Rescue Coming

In Treasury markets, there are no libertarians, only grateful recipients of single-payer insurance for ailing financiers.

Crypto Crooks Now Eating Their Own as Crypto Holders Targeted in Crime, Even Violent; Coinbase “Hack” an Inside Job, and Highly Damaging to Wallet-Holders

Crypto crirme, particularly violent ones like finger-choppings, are increasing. This should not be much of a surprise.

When Illusions of Wealth Shape the Economy: Understanding Pseudo-Wealth, Macroeconomic Volatility, and Social Welfare

Why pseudo-wealth like crypto is detrimental to social welfare, as in the collective good.

Michael Hudson: The Catholic Church, the Crusades, and the Origins of International Banking

A wide ranging talk that corrects the record about banking, such as the the Catholic Church, as opposed to Jews, being the prime mover

Martin Wolf’s “The old global economic order is dead”

A look at two factoids in a new Martin Wolf article illustrate why our economic mess seems intractable….and not just for the feckless US.

Satyajit Das: The Unravelling – Part 2: Contagion & Containment

Mapping the contagion fever chart of how a Trump financial meltdown might unfold.

Global South and Multilateral Financial Institutions: Where Does BRICS Stand?

Why BRICS has gotten barely anywhere on launching its own finanicial institutions and why that is unlikely to change soon if ever.

Satyajit Das: The Unravelling – Part 1: Economic & Financial Furies

Why the Trump-induced economic and financial train wrecks will be more severe than most pundits seem to anticipate.