Michael Hudson: US Cryptocurrency as an Offshore Banking Center
Yet another cryptocurrency scheme, here for its major use case, tax evasion. But for a good cause, the US dollar!
Read more...Category Archives: Currencies
“Dollar Doomsters Have Got It All Wrong”
Why reports of the [imminent] death of the dollar are greatly exaggerated.
Read more...Michael Hudson: Some Myths Regarding the Genesis of Enterprise
“Modern” elements of enterprise were present in Mesopotamia in the third millennium BC and the institutions supported long-term growth
Read more...The IMF’s Chronicle of a Catastrophe Foretold
A dour IMF forecast bodes ill for developing economies and provides more confirmation of crises in the offing.
Read more...Elections and Devaluations
Quelle surprise! Regimes facing elections often goose their economies, leading to currency appreciation pre-vote and devaluations afterwards.
Read more...Are the BRICS and Their New Development Bank Offering Alternatives to the World Bank, the IMF?
An assessment of how far BRICS has gotten in creating new monetary arrangements and institutions. The short version is “not very”.
Read more...TaxCast #142: Blockchain Havens
How blockchain/crypto tax havens are displacing traditional tax havens.
Read more...Paris Wants to Show Strength, but Faces Geopolitical Crisis in Africa
A status report on France losing its hold in Africa.
Read more...Attrition War — How Israel Is Losing on the Economic Front
An update on the impact on the war on the Israel economy, and the efforts to mitigate it.
Read more...The U.S. Finally Started to Crack Down on Crypto in 2023
An overdue clean-up in crypto has finally started. But will it go very far?
Read more...Russian Asset Seizure Scheming: EU and Euro as US War Proxies Would Take Most Risk; USD Assets Only $4.6 Billion
Addressing wide-of-the-mark commentary on the latest too-clever Western idea. of stealing the $300 billion in Russian central bank assets.
Read more...Status of US Dollar as Global Reserve Currency and USD Exchange Rates: Long, Slow, Uneven Decline Continues
China’s renminbi keeps losing ground. But tiny “other” reserve currencies combined are taking share from the US dollar.
Read more...Prof. Michael Hudson, World Predictions for 2024 (USA, UN, Palestine, Russia And BRICS)
Michael Hudson pulls out his crystal ball to forecast what might be in store for 2024.
Read more...As Russia Signals It Can Achieve Maximalist Aims in Ukraine, How Would Russia Manage Kiev and Western Ukraine?
Russia is presumably thinking hard about not just how to conclude the war in Ukraine, but what happens the morning after.
Read more...Yanis Varoufakis: Europe’s 15-Year Slump
The survival of the euro has come at the cost of Europe’s permanent stagnation and continuing fragmentation
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