Rethinking Russia's War Chest
Are we missing the real story of Russia’s war funding? The inconvenient truth about roubles and global power.
Are we missing the real story of Russia’s war funding? The inconvenient truth about roubles and global power.
The US economy shrank because it bought more things from abroad? That’s not shrinkage, that’s success measured incorrectly.
Why Money Doesn’t ‘Leave’ an Economy, It Just Changes Hands
Trump’s tariffs may seem like a blunt economic tool, but their impact is deeply intertwined with currency movements and financial flows.
Sovereign wealth funds let states quietly wield currency power—disguised as prudent investment
We’ve had mostly floating exchange rates for fifty years. You’d think by now people would report using the correct currency
The 2020s appear to be a never-ending parade of global groupthink. The Russian Oil Price Cap is yet another stupid and self-destructive idea that should have been suffocated at birth. It cannot possibly achieve what its supporters claim, and it represents emotional value signalling from the Big Hug Club rather than any semblance of rational thought.
The failure of its leaders to understand how sovereign currencies work is now starting to cripple the West
How the new payment process for gas in Russia will work, including how it is settled at the Moscow Exchange, all of which leads to some interesting observations
Russia has easily countered the attempts at financial sanctions, resulting in some interesting outcomes that further confirm the view taken by Modern Monetary Theory