Category Archives: Banking industry

Dethroning the Dollar: What Governments Propose, IT Disposes

Why the road away from the dollar will have many twists and turns.

Dethroning the Dollar: Why the Alternatives Are Not Ready for Prime Time

Why the dollar’s demise is not around the corner.

New Global Estimates on Profits in Tax Havens Suggest the Tax Loss Continues to Rise

Quelle surprise! Despite EU and US initiatives to curb corporate use of tax havens, big companies continue to fatten their wallets.

You’re Living in a World Wrought by Central Banks. Notice Anything Wrong?

Nomi Prins warns that central banks’ strategies are destroying the real economy, worsening inequality, and creating societal chaos.

Where’s the Contagion from the Crypto Implosion?

Why, if you aren’t in crypto, you can watch the meltdown in comparative comfort.

Sam Bankman-Fried and FTX Were Up to No Good, Including Their Customer Agreement

In the unlikely event you have any doubt, Sam Bankman-Fried and his merry band of FTX rogues look mighty dishonest.

Debunking the Petrodollar Myth: Pricing Oil in Dollars Is Just a Convention

The term petrodollar has come to have talismanic value. Time to instill some reality.

Real Progressives Live with Michael Hudson: The Destiny of Civilization

Michael Hudson explains how financial capitalism won the struggle with industrial capitalism and gave rentiers the upper hand.

A Brief History of the Mortgage, From Its Roots in Ancient Rome to the English ‘Dead Pledge’ and its Rebirth in America

The backstory of what is now arguably the most widely-used form of lending in principal terms, the mortgage.

Stop Worshiping Central Banks

Preoccupied with ‘credibility’ and reputations, central banks are again driving the world into recession, financial turmoil and debt crises.

Satyajit Das: A Disordered World – Part 2: Susceptibilities

Satyajit Das continues his tour of the breakup of the world order, here focusing on financial/economic dislocations and dysfunctional elites

Sunak Has Been Set Up To Fail and the Likelihood Is That He Will

Rishi Sunak has a Mission Impossible even before getting to his bad impulses. Most countries in the West face the same long list of problems

It No Longer Makes Sense for the Bank of England to be Independent

The Bank of England engaged in a mini-coup. But no one seemed to mind because Truss. Will it be reined in?

In Just 44 Days, Liz Truss Has Made the UK Immeasurably Worse

Truss’ legacy will be one of a tanking pound, soaring inflation, and a seemingly inevitably recession.

Wheels Come Off for Tories. Update: Truss Resigns

The Tories, who not long ago seemed poised to permanently cripple Labour, are now in a remarkable crisis with no ready exit.