Why Resurrecting Prize Law to Seize Iranian Vessels Signals the End of U.S. Naval Supremacy | naked capitalism
Reviving 1800s Prize Law to seize Iranian vessels in 2026 marks a shift from global maritime police to a declining sea power
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Has the Chinese yuan's rise in global usage hit a wall?
It is widely known that global use of China's currency, the yuan, rose substantially in 2023–24 following Russia's invasion of Ukraine, as sanctions and the related reordering of Russian trade drove geopolitical tailwind...
The Financial Times View: Make the Vulnerable Pay for Failing Neoliberalism | naked capitalism
As political and economic pressures rise, those in charge are even more willing to punish the poors to save neoliberalism and capital-owners.
Jackson Hole: Exploring the Financial Frontier
After two days of heady discussions with academics and policymakers from around the world in high-altitude Jackson Hole, Wyoming, I’m now decompressing back at Street Level. The main theme of this year’s Kansas City Fed...
Links 9/3/2026 | naked capitalism
Our daily links: the plutonomy's coming crisis, El Nino cyclone train, Ukraine needs more money, Trump's $1 coin, and do Americans want a civil war?
The Rules-Based Nuclear Bomb | naked capitalism
Traditional accounts of nuclear nonproliferation obfuscate that states with the bomb sell the path to it and are planning to use it themselves
Trump invoked a zombie statute to justify tariffs on Canada
The world is used to American tariff news daily. A new target is chosen, a new reason is put forward, another legal authority is selected, and a new tariff is put in place, ostensibly to force concessions from a trading...
OpenAI Is Sinking Fast, Will It Pull the Ellisons and Trump Down With It?
Sam Altman's OpenAI empire is imploding fast. Its financial black hole is exposed, & key execs are exiting before the biggest IPO ever. WTF?
The state of play for global trade: Spotting trends and challenges
Trade wonks like to say that trade is like water; it always finds new ways. Is that really true? The last several years have been particularly challenging for global trade, beset by tariffs, wars, subsidies, export restr...
The Leipzig Incident Has All the Hallmarks of a False Flag Against Russia | naked capitalism
Some Europeans seem way too eager to find any excuse to justify militarizing against Russia.
Are Central Banks Moving Out of Dollar Assets?
A look at the fall of dollar assets in global official foreign exchange reserves and how it reflects the actions of a handful of large reserve holders.