Category Archives: Banking industry

Leverage & Interconnectedness Are Blowing Up Crypto & DeFi

What’s different this time: Stuff blows up because of leverage and cascades through the crypto space because everything’s interconnected.

Michael Hudson: From Junk Economics to a False View of History – Where Western Civilization Took a Wrong Turn

Hudson reviews how economics has misrepresented the evolution of money and land ownership and promoted oligarchy.

The Coming Sanctions-Induced Economic Tsunami?

It does not take much in the way of prognostication skills to anticipate that things can get way way worse on the economic front.

“Why the Ukraine Crisis Will Make Little Difference to Dollar Supremacy”

Why the depth of the U.S. securities market will extend dollar hegemony beyond what would seem to be its natural sell-by date.

More and More Crypto Crashing and Burning as DeFi (Decentralized Finance) Misbehaves

The great crypto unwind is underway, bringing to light even more bad practices than you likely knew about.

Michael Hudson on the Coming Global Fracture as Economic Orders Clash

How our current “clash of civilizations” is a war between economic models.

‘Public Bank’ Bill Blocked From State Senate Vote After Industry Pushback

Why is a modest public bank plan for New York going nowhere?

How the Options Tail Has Come to Wag the Market Dog: A Simple English Language Explanation of How Structural Changes in the Stock Markets Contribute to Whipsaw Movements in Prices

Why the use of options may be the risk bomb that blows a big hole in our financial system.

Whither Hegemony? Prof. Wen Tiejun Foreword to Michael Hudson’s The Destiny of Civilization

The development and future of America’s hegemony is a major focus of Michael Hudson’s new book, The Destiny of Civilization.

What Blew Our Financial Bubble So Big?

Why it’s more fun and profitable to be in the bubble economy than the real one.

James Galbraith: The Dollar System in a Multi-Polar World

On the rise and decline of the dollar system.

Out of Africa: Rich Continent, Poor People

A new book documents the scale and mechanism of the looting of Africa.

China – A Sub-Imperial Ally of the West?

IMichael Hudson and Patrick Bond debate the trade posture of China, such as whether its Belt and Road initiative is capitalist or socialist

The Importance of Custody, or NATO’s Internal Gold War

Both the UK’s Government and the Bank of England have gotten suspiciously tetchy over German requests to get its gold back.

Putin Edict on “Gas for Roubles” Consistent With Original Description (and Our Take); Western Officials Nevertheless Claim a Walkback

Putin’s gas for roubles plan was over-interpreted by foreign policy experts and media employees, and that’s working out to Russia’s advantage.