Sam Bankman-Fried and FTX Were Up to No Good, Including Their Customer Agreement
In the unlikely event you have any doubt, Sam Bankman-Fried and his merry band of FTX rogues look mighty dishonest.
Read more...Category Archives: Payment system
Debunking the Petrodollar Myth: Pricing Oil in Dollars Is Just a Convention
The term petrodollar has come to have talismanic value. Time to instill some reality.
Read more...Türkiye Resisting US Pressure Against Increasing Economic Ties to Russia
Türkiye is resisting US pressure on the most important anti-Russian measures. Will the US be smart enough to find and meet Türkiye’s price?
Read more...Michael Hudson Discusses Debt, Financial Surveillance, the Fed and More With Ralph Nader
Michael Hudson has a wide-ranging talk with Ralph Nader.
Read more...“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...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.
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