It is quite astonishing: Viktor Orbán’s heyday in Hungary began when, following the end of massive currency speculation (carry trades) that had massively overvalued the Hungarian forint, the forint plummeted and left many homeowners who had taken on debt in foreign currencies (Swiss francs or Japanese yen) due to low interest rates in enormous difficulty. Orban promised that the state would absorb a significant portion of the speculative losses – and won.
Geopolitics
The Cradle: HTS officials order Palestinian resistance factions to disarm, close bases in Syria
Representatives from Hayat Tahrir al-Sham (HTS), the new ruling extremist organization in Damascus, informed the representatives of the Palestinian factions in Syria they will no longer be allowed to possess any weapons, training camps, or […]
Geopolitics
Larry C. Johnson: Feeding the Enemy: How Washington’s Obsession With Iran Subverted Its Own War on Sunni Terror
For a quarter century the United States has told the world, and itself, a simple story about its role in the Middle East. On September 11, 2001, it was attacked by Sunni jihadists, and it […]
Economics
Bill Mitchell: The inflationary episode is being driven by profit gouging and interest rate hikes won’t help much
One recent report from the British Unite the Union (published March 2023) – Unite Investigates: Profiteering across the economy—it’s systemic – provides convincing evidence that: We’re living in the midst of a cost of profiteering […]
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