How China’s Overinvestment Helped Produce Africa’s Deindustrialization
An in-depth article from a leftist vantage on China’s extensive involvement in Africa finds that it has been a net negative for development
Read more...Category Archives: Currencies
Status of the US Dollar as Global Reserve Currency: USD Share Drops to Lowest Since 1994
Central banks diversify their holdings from the dollar into dozens of smaller non-traditional reserve currency alternatives.
Read more...Michael Hudson: Trump Floundering Efforts to Shore Up US Hegemony
Why Trump’s National Security Strategy and his efforts to shore up dollar dominance are proofs of weakness.
Read more...Has Public Debt Become Unmanageable?
Why alarmism about public debt is fundamentally misguided.
Read more...The EU’s New Policy Towards Russia’s Seized Assets Isn’t About Helping Ukraine
It’s hard to be cynical enough in looking at EU rationales and motives for strengthening their hold on Russia’s seized assets.
Read more...Economic Questions: James Tobin’s Transaction Tax
A Tobin tax is a no-brainer for reducing speculation and financial crisis risk. That is reason enough to keep it from being implemented.
Read more...President Putin and Prime Minister Modi Share a Future Strategy That’s No Joke for President Trump
Even with the Putin-Modi lovefest and shared strategic aims, meeting their trade targets will be a heavy lift.
Read more...Bitcoin, Crypto Plunge Accelerates as Leveraged Players (“Treasuries”) Like Strategy Dump Holdings
A big leverage unwind in Bitcoin is accelerating, dragging down other crypto. How much further will the fall go before hitting bottom?
Read more...How the Chinese Principles of the Tao Explain the Economy
Rethinking economics through Taoism: Money is the Tao, capital & labor are Yin/Yang, and the Invisible Hand is Wu-Wei (non-interference)
Read more...The Huge US Bond Market and the US Dollar Blow Off the “Debasement Trade”
Why the dollar and Treasuries have rallied despite the Liberation Day swoon and “debasement trade” patter.
Read more...Crypto Crash Leads to Customer Bail-Ins to Prevent Some Exchanges from Failing
Yet more reason to be leery of crypto: even when you have won on a leveraged bet, you can be haircut to help rescue the exchange.
Read more...Time Bomb: How Uninsured Stablecoins and Crypto Derivatives Threaten Financial and Economic Stability
Why stablecoins are another finanical train wreck in the making.
Read more...Europe Is Not a State; That Is Why It Is at War With Russia
The euro’s problem is that the European Union is not a state — and war is the fastest way to become one.
Read more...Satyajit Das: Stablecoins – Invention Looking For A Problem?
Satyajit Das sets forth the very strong case against stablecoin.
Read more...“BRICS Are the New Defenders of Free Trade, the WTO, the IMF and the World Bank” and Support Genocide by Continuing to Trade with Israel
Discussions of how BRICS is not living up to its lofty promises and is on the path to supporting neoliberalism and hegemony in new clothes
Read more...