Friday, May 20, 2022

2:00PM Water Cooler 5/13/2022

~ Today’s Water Cooler ~

Time Is Running Out to Save Sri Lanka from Total Economic Collapse

Once hailed as South Asia’s ‘success story’, Sri Lanka has faced months of escalating violent unrest.

Links 5/13/2022

Washington Faces Ultimate Snub, As Latin American Heads of State Threaten to Boycott Summit of Americas

“The real risk is that — after nearly three decades of summitry — this year’s [Summit of Americas] may be interpreted as a gravestone on U.S. influence in the region.”

Brief Comments on the TerraUSD and Tether Stablecoin Breakdowns

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

More Oil From U.S. Strategic Petroleum Reserve Heads To Europe

The use of the Strategic Petroleum Reserve looks like three card monte.

2:00PM Water Cooler 5/12/2022

~ Today’s Water Cooler ~

Exile

A personal account of exile.

Links 5/12/2022

Michael Hudson on Decline of Dollar, Sanctions War, Imperialism, Financial Parasitism

Economist Michael Hudson discusses the decline of the US dollar, the sanctions war on Russia, his concept of “free-trade imperialism,” and financial parasitism.

New York Times, Defense Intelligence Agency Go Wobbly on Ukraine Prospects as Militias + Russia Continues to Grind Down Opposition in Donbass

It’s becoming hard for the West to pretend that Russia will fail at its aims in Ukraine, most importantly, destroying its abilty to wage war.

Russia Announces Initial Retaliatory Sanctions Targets; Waiting for the Other Shoe to Drop

Russia has started rolling out its retailiaory “special economic measures”. But it’s still not clear what they amount to in practice.

2:00PM Water Cooler 5/11/2022

~ Today’s Water Cooler ~

Sanders: GOP Ended Filibuster to Pack Supreme Court, So Dems Must End It to Save Abortion Rights

Sanders is pushing for a path for preserving abortion rights. Funny he doesn’t have much company.

Links 5/11/2022