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.
Read more...Category Archives: Banking industry
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
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...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
Read more...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.
Read more...Satyajit Das: The Unravelling – Part 2: Contagion & Containment
Mapping the contagion fever chart of how a Trump financial meltdown might unfold.
Read more...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.
Read more...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.
Read more...Before Banks: Historical Lessons for Rethinking Credit
The era before modern banking took off featured flexible, highly personal credit arrangements, in some ways better than what we have now.
Read more...Payday Loan Apps Cost New Yorkers $500 Million Plus, New Study Estimates
A new study estimates the cost of payday loans in New York as the state debates tightening rules on these fintechs beyond existing usury laws
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