Genius Act: This New US Crypto Law Could Pave the Way for the Next Global Financial Crisis
On top of the leverage bombs in the US and other financial systems, the embrace of crypto, specifically stablecoins, is another systemic risk
Read more...Category Archives: Payment system
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...Trump Executive Order Calls for End of Paper Checks for Taxpayer and Government Payments by Sept. 30; Industry Official Snort About Deadline; What About User Payment Charges?
Trump has mandated a Mission Impossible: getting rid of paper checks for Treasury receipts and payments by September 30
Read more...Yanis Varoufakis: Crypto’s Role in Trump’s Economic Masterplan (With Special Emphasis on Stablecoins)
Might there be more method in Trump’s crypto and dollar madness than most assume?
Read more...The Far-Right and the Crypto Scam
How Trump and his allies use crypto to rig the rules of the game in their favor and fleece rubes.
Read more...The GENIUS Act: Setting the Stage for a Federal Bailout When Stablecoins Become Insolvent
Why the GENIUS Act does not live up to its pretenses of making stablecoins safe, thus setting the stage for a Federal bailout.
Read more...DOGE Taketh Away From the Many as Trump Pays Off Crypto Bros With New “Strategic” Fund, Above All, Crypto Czar David Sacks
We warned that crypto was closely aligned with criminal activity. The open grift of the new “strategic” Trump fund proves that case.
Read more...Jane D’Arista on How the Failure of Global Finance Is Systemic
Jane D’Arista describes the internationalization of finance and how is has produced not just crises but fundamental economic distortions
Read more...US Secondary Sanctions “Have Seriously Damaged” Russia-China Bilateral Cooperation
Russian experts say US secondary sanctions are damaging Russia-China commerce. But their solutions don’t seem to be close to implementation.
Read more...Should the Government Be Allowed to Hold Bitcoin?
A terse debunking of the idea that governments holding Bitcoin or other private currencies is good for anyone other than their touts.
Read more...Michael Hudson: Trump’s Balance-of-Payments War on Mexico, and the Whole World
Why US trade and economic threats against Mexico could trigger a financial/currency crisis that may propagate across the Global South
Read more...mBridge, a Bank of International Settlements Project Hyped by BRICS Fans as a Way to Evade Sanctions, Shut Down
Our debunking the hype of the purported BRICS payment potential of a BIS project, mBridge, has proven to be true, and then some.
Read more...Wanting More for BRICS Than BRICS Wants for Itself
More realistic takes on BRICS, including by Michael Hudson.
Read more...Weaponizing the US Dollar. Can It Work?
Michael Hudson refines and extends recent discussions on the future of the dollar, particularly under Trump, and finance-dominated capitalism
Read more...BRICS Isn’t De-Dollarizing Anytime Soon
Why the Global South path away from the dollar will be longer and more difficult than many friends of BRICS imagine.
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