It feels a long time since I posted. In geopolitics, the Syrian war entered a new phase. In economics, the IMF decided to add the yuan to its collection of reserve currencies, and the US Federal Reserve raised rates after seven years at 0%.
What brought me out of hibernation is that Ukraine is about to default on its debt to Russia, and the IMF is about to change its own rules so it can still lend to Ukraine after the default occurs. Michael Hudson has a long article placing these moves in a broader context of geopolitical struggle.
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