BRICS Officially Confirmed That It Doesn’t Want To De-Dollarize & Isn’t Anti-Western
Yet more evidence that the BRICS aren’t ready to launch a serious anti-dollar/new currency regime.
Read more...Category Archives: Payment system
Michael Hudson: Debt, Sponsors of the Wars, Future of USD and BRICS
ichael Hudson on topics old and new: the role of debt in rentier extraction and US hegemony, and the prosepcts for the dollar and BRICS.
Read more...Oil, Gas, Wages, Interest Rates: Biden’s Other 2024 Risks
A supposedly good economy has not helped Biden much and trends such as oil prices do not look to be in his favor.
Read more...As the Ukraine War Drags On, It’s Time to Reassess the Impacts of Sanctions
The bundle of sanctions was initially designed and imposed in haste, with little basis to assess historic performance.
Read more...Alt-Media Is in Shock After the BRICS Bank Confirmed That It Complies with Western Sanctions
Andrew Korybko explains why the BRICS won’t move as quickly on the new reserve currency projects as enthusiasts suggest.
Read more...Twitter’s Lost Weekend (“Something Went Wrong”)
A lively weekend on the Twitter!
Read more...NY Times Is Wrong on Dedollarization: Economist Michael Hudson Debunks Paul Krugman’s Dollar Defense
Michael Hudson calls out Krugman for invoking the favorite libertarian trope of hyperinflation.
Read more...Big Banks Must Become Globally Resolvable – or Significantly ‘Smaller’
Sadly, coming up with a way to resolve big international banks is a non-starter. The answer is very strict regulation. But that would be work.
Read more...Banks Try to Make Security Customer-Friendly. Not a Good Mix.
Retail bank security ain’t all it’s cracked up to be.
Read more...Crypto Bank Silvergate to Shut Down and Liquidate, After FDIC Examiners Show Up. Shares Collapse Entirely
Silvergate: In 16 months from $239 at peak crypto consensual hallucination to $2.76, including the 44% plunge afterhours.
Read more...New York Fed Identifies a New Way Dollar Hegemony Is Not Good for Emerging Economies and Other Growing Things
Another mechanism by which US does harm through our indifference to to the impact of our dollar/interest rate policies on other countries.
Read more...Michael Hudson and Radhika Desai on Dollar Imperialism
A deep dive on the development of the dollar system.
Read more...The Gold Standard
A primer on the gold standard, including a discussion of its implications.
Read more...Crypto-Focused Silvergate Bank Got De Facto Backdoor FDIC Bailout via $4.3 Billion Federal Home Loan Bank Advance
More crypto chicanery! How crypto-focused bank Silvergate got a very big ticket rescue from a quasii-government mortgage banker’s bank.
Read more...The 2022 Globie: Money and Empire – Perry Mehrling on Charles Kindleberger
Perry Merhling’s recent book on Charles Kindleberger finds he had prescient beliefs about the need for a prudent international money minder.
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