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Spain besieged. But not by migrants.

60,000 crossed in a day, 43 dead. The timing and reaction are suspicious.

Trump's Crypto Dollar Offensive

Crypto Was Supposed to Kill the Dollar. Now the Dollar Ate Crypto. First in a series.

Where I've been, and what's coming

A major dollar-system series is underway, plus news on pricing and access.

A Civilisation Worth Defending

On the death of the old world order and the crisis of liberalism

After the Ayatollah, Trump Drank the Poison

Tehran won the war, but can it also win the peace?

The Concert of Hormuz

Iranian Victory Sharpens Imperial Rivalry

"The flow of life must be controlled at its source" — Karl Polanyi

The Commonplace · No. 3

The Eagle’s Graveyard is in the Persian Gulf

An interview with Andrew Gawthorpe on institutional collapse, Iran's strategic patience, and the end of American primacy in the Middle East.

How Grandma is Funding The Imperial Stack

You thought an Iran-deal before SpaceX IPO'd was a coincidence? They needed money to finance the imperial tech-military-industrial complex, dummy!

Why Trump Capitulated

Is Trump's Iran war the end of US hegemony? The first in a series. In this piece: oil fragility and the desperation it explains.