Japan is not the only G7 economy where cash is still King, and that could complicate the roll out of CBDCs in so-called “advanced” economies.More
Is Mexico’s AMLO Willing to Walk Away from USMCA?
As the Mexican government’s commitment to energy independence smashes into US financial interests, President López Obrador threatens to put sovereignty above the USMCA trade deal. More
The First Ever Central Bank Digital Currency (CBDC) of a Largish Economy, Nigeria’s eNaira, Is Already Floundering
After being launched to great fanfare in October 2021, Nigeria’s eNaira has so far had minimal impact on the country’s economy and citizens.More
Unbeknown to Most US Citizens, Washington is Preparing to Share Their Biometric Data With Dozens of Other National Governments
The US is planning to give up its citizens’ most precious data in exchange for the biometric data harvested by its “partner” governments in Europe and beyond. More
South American Trade Bloc Mercosur Snubs Ukrainian President Zelensky
Mercosur’s refusal to host Zelensky at its 60th Summit is yet further confirmation of Latin America’s largely neutral stance on the Ukraine conflict. The US is beginning to get worried. More
Big Things Are Happening in the Lithium Triangle
As the global race for “white gold” intensifies, the so-called “Lithium Triangle” in South America is taking on increasing importance in the global economMore
Banks Begin to Fret About the Threat of Civil Unrest
Bank CEOs have good reason to be worried about rising civil unrest, as economic conditions deteriorate fast around the world. If 2019 was the year of protest, 2022 could be the year of unbottled rage.More
OECD Members Just Met in Ibiza to Discuss Creating a Global Vaccine Passport Regime
On the same day as the OECD meeting, the governments of 21 African countries quietly embraced a vaccine passport system, which will apparently link up with other global systems. More
Washington Doubles Down on Hyper-Hypocrisy After Accusing China of Using Debt to “Trap” Latin American Countries
Washington has intensified its Latin American charm offensive (onus on the word “offensive”) by warning of the dangers posed by China’s increasing use of “debt trap” diplomacy in the region.More
EU Commission President Once Again in Hot Water (Or At Least Should Be) Over Her Opaque Dealings With Pfizer
Concerns are rising about the EU Commission’s ongoing opacity over its relations with Pfizer. But this is not the first time von der Leyen has been caught deleting sensitive information regarding deals with large corporations.More
