Category Archives: Banking industry

The Currency Swaps Time Bomb in Global Finance – Rob Johnson

Currency swap exposures have gotten to be uncomfortably large……

The 2022 Globie: Money and Empire – Perry Mehrling on Charles Kindleberger

Perry Merhling’s recent book on Charles Kindleberger finds he had prescient beliefs about the need for a prudent international money minder.

Cultural Stereotypes of Multinational Banks

Data on banks’ investments in European sovereign debt show that trust importantly influences cross-border investment.

Bloomberg Describes Europe’s Severe and Sustained Energy Crisis Due to Loss of Russian Gas

Bloomberg is countering the prevaiing cheery narrative that Europe can muddle through its ongoing energy crunch.

Bankman-Fried, Political Money, and the Crash of FTX

How FTX showering money on both parties to try to paralyze regulators.

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.