Top Comment on Part 1: If the lenders are forced to keep their assets (contracts) in old currency, and the borrowers allowed to convert their assets (cash) into new currency, then the logical outcome will simply be to raise interest …
FTX reported a $3.7 BILLION loss in its 2021 tax return. Also, its unsecured creditors are redacted in the company’s bankruptcy filing and they are owed an additional $3.1 BILLION. What’s going on? FTX, the cryptocurrency exchange that went bankrupt …
https://youtu.be/AdPukQ96vEA Economist and author, Michael Hudson, in his new book “…And Forgive Them Their Debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year,” shares with journalist Chris Hedges how Ancient cultures forgave debt cyclically to prevent …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter 18 of 22 suppliers believe Tesla is now a financial risk to their companies. Suppliers are getting nervous about their exposure to Tesla. That’s what a survey by the Original Equipment Suppliers Association (OESA), which represents …