Category Archives: Payment system

SWIFT Dollar Decline

US-led sanctions are inadvertently undermining post-Second World War dollar dominance. Countries threatened are respond pro-actively.

Brief Comments on the TerraUSD and Tether Stablecoin Breakdowns

Why the two big stablecoin breakdowns of last week, TerraUSD and Tether, look like frauds.

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?

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.

“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.

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.

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.”

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?

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.

Russia’s Economic War Front, The New Tributary System & The Russian Kowtow

A look at economic sanction options for Russia.

Fog of Financial Sanctions: Visa and Mastercard Shutdown in Russia Whacks Consumers

Russia is scrambling to deal with being shut off Visa and Mastercard.

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.

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?

Trudeau’s Money Heist: Emergencies Act Allows Seizure of Bank Accounts, Securities, Crypto of Those Suspected of “Links” to Convoy Members w/o Court Order

Why the implementation of Canada’s Emergencies Act is a terrible precedent.

Michael Hudson: America’s Real Adversaries Are Its European and Other Allies

America has gone off the deep end re Ukraine. It’s pressuring allies to engage in economic self-harm, which is not a relationship-builder