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.
Read more...Category Archives: Payment system
Dethroning the Dollar: What Governments Propose, IT Disposes
Why the road away from the dollar will have many twists and turns.
Read more...Dethroning the Dollar: Why the Alternatives Are Not Ready for Prime Time
Why the dollar’s demise is not around the corner.
Read more...Key Institutional Crypto Player, Genesis, on Verge of Failure; Possibility of “Apocalyptic” Bitcoin Liquidation
Genesis, another key block in the crypto Jenga tower, looks like it is about to be removed from the game. What might fall down as a result?
Read more...A Quick Note About Additional FTX Sleaze
Some shady FTX behavior that hopefully won’t be lost in the shuffle of new revelations.
Read more...The Only Crypto Story You Need? A Response to Matt Levine’s The Crypto Story
A wide-ranging discussion of why defenses of crypto don’t stand up to scrutiny.
Read more...FTX: New Ex-Enron CEO Finds “Complete Absence of Trustworthy Financial Information,” $3.3 Billion Loans to SBF, Customer Deposits Not Recorded on Balance Sheets; Confirms Software Backdoors, Auto-Deleted Communications
FTX is an even bigger mess than someone with a creative streak might have imagined.
Read more...Not Every Robin = Spring and Not Every Story About Moving Away from the Dollar Is Well Founded
A small illustration of why some of the stories about reducing dollar dependence are misguided.
Read more...Where’s the Contagion from the Crypto Implosion?
Why, if you aren’t in crypto, you can watch the meltdown in comparative comfort.
Read more...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...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.
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