“Why the Ukraine Crisis Will Make Little Difference to Dollar Supremacy”
Why the depth of the U.S. securities market will extend dollar hegemony beyond what would seem to be its natural sell-by date.
Read more...Category Archives: Payment system
More and More Crypto Crashing and Burning as DeFi (Decentralized Finance) Misbehaves
The great crypto unwind is underway, bringing to light even more bad practices than you likely knew about.
Read more...SWIFT Dollar Decline
US-led sanctions are inadvertently undermining post-Second World War dollar dominance. Countries threatened are respond pro-actively.
Read more...Brief Comments on the TerraUSD and Tether Stablecoin Breakdowns
Why the two big stablecoin breakdowns of last week, TerraUSD and Tether, look like frauds.
Read more...The Coming EU Embargo of Russian Oil, Russia’s Economic Challenges, and the Question of Operational Capacity
The EU is planning to punch Russia hard with yet another embargo, this of its oil. But will this wind up being more rope a dope?
Read more...Gas Flares: Europe Has a Hissy, Flails About as Russia Imposes Gas Payment Countersanctions and Economies Already Feel Blowback Bite
Russia implements its gas for roubles scheme as promised, cutting off supplies to non-adherents. Howling ensues.
Read more...“Dollar Hegemony Ended Last Wednesday”: Michael Hudson Interviewed by Margaret Flowers on Clearing the Fog
Michael Hudson continues to discuss how Western sanctions are undermining the central role of the dollar in US economic dominance.
Read more...Michael Hudson Talks with the Saker About the Russian Counter-Sanction of Paying for Its Gas With Roubles
Michael Hudson answers the Saker’s questions about the ramifications of Russia’s “gas only for roubles if you have been mean to us” measure.
Read more...Some Additional Comments on the Russian Counter-Sanction of Requiring Gas Payments in Roubles
Attempting to clear some of the fog around the Russia counter-sanction of requiring rouble payment for gas by “unfriendly nations.”
Read more...Progressives Fall for Crypto-Bros Intelligence-Insulting Claim of “Inclusiveness”
Why do so many people who think of themselves as smart have their brains go to mush when the topic is crypto?
Read more...India Is Mulling Rupee-Ruble Payments System for Trade with Russia
India is mulling setting up rupee-ruble payment arrangements, to allow it to trade with Russia in spite of the sanctions regime.
Read more...Russia’s Economic War Front, The New Tributary System & The Russian Kowtow
A look at economic sanction options for Russia.
Read more...Fog of Financial Sanctions: Visa and Mastercard Shutdown in Russia Whacks Consumers
Russia is scrambling to deal with being shut off Visa and Mastercard.
Read more...America Defeats Germany for the Third Time in a Century: The MIC, BARE and OGAM Conquer NATO
Why America is operating abroad to advance the interests of arms dealers, oil & gas, and Big Finance, and not its citizens.
Read more...A Very Preliminary Look at the Partial Suspension of Russia’s Access to SWIFT
News on the partial SWIFT cutoff for Russia was fuzzy. Despite being included, its central bank intervened in FX markets this AM. What gives?
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