Banking industry
James Galbraith: The Dollar System in a Multi-Polar World
On the rise and decline of the dollar system.
Out of Africa: Rich Continent, Poor People
A new book documents the scale and mechanism of the looting of Africa.
China – A Sub-Imperial Ally of the West?
IMichael Hudson and Patrick Bond debate the trade posture of China, such as whether its Belt and Road initiative is capitalist or socialist
The Importance of Custody, or NATO’s Internal Gold War
Both the UK's Government and the Bank of England have gotten suspiciously tetchy over German requests to get its gold back.
Putin Edict on “Gas for Roubles” Consistent With Original Description (and Our Take); Western Officials Nevertheless Claim a Walkback
Putin's gas for roubles plan was over-interpreted by foreign policy experts and media employees, and that's working out to Russia's advantage.
Ukraine Updates and More Discussion of the Russia “Gas for Roubles” Countersanction
Gazprom is scheduled to announce what its roubls-for-gas payments stipulations are, even though most Western countries said no, sight unseen.
“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."
Russia Counter-Sanctions “Unfriendly Nations” by Requiring Gas Payments in Roubles; Dallas Fed Predicts 2022 Global Recession if Russian Energy Supply Remains Restricted
Clearing up misunderstandings about the Russian move to require unfriendly countries to pay roubles for gas.