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...Yet more evidence that the BRICS aren’t ready to launch a serious anti-dollar/new currency regime.
Read more...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...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...The bundle of sanctions was initially designed and imposed in haste, with little basis to assess historic performance.
Read more...Andrew Korybko explains why the BRICS won’t move as quickly on the new reserve currency projects as enthusiasts suggest.
Read more...A lively weekend on the Twitter!
Read more...Michael Hudson calls out Krugman for invoking the favorite libertarian trope of hyperinflation.
Read more...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...Retail bank security ain’t all it’s cracked up to be.
Read more...Silvergate: In 16 months from $239 at peak crypto consensual hallucination to $2.76, including the 44% plunge afterhours.
Read more...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...A deep dive on the development of the dollar system.
Read more...A primer on the gold standard, including a discussion of its implications.
Read more...More crypto chicanery! How crypto-focused bank Silvergate got a very big ticket rescue from a quasii-government mortgage banker’s bank.
Read more...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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