“Many people in Europe are following with admiration what is now happening in [Latin America],” said Wikileaks’ editor-in-chief and close confidant of Assange. “When looking at the political landscape in Europe all we have are dark forces.”More
Brazil and Argentina Just Agreed to Use Local Currencies for Bilateral Energy Trade, In Yet Another Snub for US Dollar
When two of the largest countries on the American continent, Brazil and Argentina, agree to establish a bilateral payment system in local currencies, it is worth taking note.More
The Good News and Bad News About the World’s Most Systemic Lender, Credit Suisse
Credit Suisse may have taken an “important step” in its turnaround process, as its unfortunately named chairman, Alex Lehmann, said this week. But it is also suffering a gathering run on deposits and losing clients to its biggest rival. More
Something Just Cracked in Spain’s Mortgage Market
Spain already witnessed one of the most spectacular housing bubbles and busts so far this century. As pressures in the mortgage market begin to grow, the government and banks are desperately trying to avoid a rerun. More
“Inverse” Migration: Why Are So Many US Citizens Moving to Mexico?
As life gets prohibitively expensive for many people living in the US (and other rich countries), relatively cheaper countries like Mexico are becoming increasingly attractive. But for local people the costs are growing.More
The G20 Just Agreed to “Build on the Success” (sic) of Digital COVID-19 Certificates for Future Pandemics
Even as divisions rise in the world, the governments of the world’s largest economies appear to be on a strikingly similar page when it comes to rolling out digital health certificates, digital identity schemes and central bank digital currencies.More
China Is Making More Big Moves in Latin America
What happens when one of Latin America’s smaller economies, on the US doorstep, decides to throw its lot in with China? It looks like we are about to see. More
US Farmers and Big Ag Corps Press Panic Button on Mexico’s Upcoming GMO Ban
As Mexico’s GMO ban looms ever larger, the US National Corn Growers Association is calling for the U.S. Trade Representative to intervene, “before it is too late”.More
NHS to Use US “Spy-Tech” Firm Palantir’s Platform to Extract Patient Data Without Patient Consent
Palantir, with intimate ties to defense, intelligence and security industries around the world, seems set to play an even larger role in the UK’s crisis-ridden National Health System (NHS).More
One Year In, The First Ever Large-Economy CBDC, Nigeria’s eNaira, Is a Gigantic Flop
The Central Bank of Nigeria is undeterred. To deepen its drive to “entrench a cashless economy” and boost take-up of the eNaira, it is launching a demonetization process not too dissimilar from India’s.More
Nick Corbishley 