JP Koning
@jpkoning.bsky.social
monetary economics|history of money|central banking|financial privacy|payments|gold|financial inclusion|cryptocurrency|monetary law|financial crime
I write at www.moneyness.ca
I write at www.moneyness.ca
Pinned
JP Koning
@jpkoning.bsky.social
· Apr 11
If it's crypto it's not money laundering
It appears to be official now. According to the U.S. Department of Justice, when illicit activity is routed via crypto infrastructure, then ...
www.moneyness.ca
The Department of Justice no longer targeting crypto platforms for "acts of their end users" effectively exempts the tech itself from money laundering laws.
Imagine telling a bank: "Don't worry about your clients—just do your thing."
www.moneyness.ca/2025/04/if-i...
Imagine telling a bank: "Don't worry about your clients—just do your thing."
www.moneyness.ca/2025/04/if-i...
Reposted by JP Koning
The same people who repeatedly insisted that tariffs won't raise prices.
Trump administration prepares tariff exemptions in bid to lower food prices, NYT reports reut.rs/4qXHpp5
Trump administration prepares tariff exemptions in bid to lower food prices, NYT reports
U.S. President Donald Trump's administration is preparing broad exemptions to certain tariffs in an effort to ease elevated food prices, the New York Times reported on Thursday, citing three people briefed on the actions.
reut.rs
November 14, 2025 at 1:15 PM
The same people who repeatedly insisted that tariffs won't raise prices.
Reposted by JP Koning
I’m not exaggerating when I say the US government is acting like an abusive ex towards Canada.
Switching between “you suck, I don’t need you” and “you would be nothing without me, don’t you dare talk to anyone else”.
Switching between “you suck, I don’t need you” and “you would be nothing without me, don’t you dare talk to anyone else”.
This is the big challenge Canada faces. As soon as there is the tiniest hint we are going to find new partners and allies the US will start finding new ways to destroy our economy. Of course that’s what we should be doing. But man it’s going to fucking rough.
October 31, 2025 at 4:58 PM
I’m not exaggerating when I say the US government is acting like an abusive ex towards Canada.
Switching between “you suck, I don’t need you” and “you would be nothing without me, don’t you dare talk to anyone else”.
Switching between “you suck, I don’t need you” and “you would be nothing without me, don’t you dare talk to anyone else”.
Reposted by JP Koning
Hey, he’s only the president, how is he supposed to know who he is pardoning
COLLINS: Today you pardoned the founded of Binance. Can you explain why you did that?
TRUMP: Which one was that?
COLLINS: The founder of Binance
TRUMP: I believe we're talking about the same person, because I do pardon a lot of people. I don't know. He was recommended by a lot of people.
TRUMP: Which one was that?
COLLINS: The founder of Binance
TRUMP: I believe we're talking about the same person, because I do pardon a lot of people. I don't know. He was recommended by a lot of people.
October 23, 2025 at 8:20 PM
Hey, he’s only the president, how is he supposed to know who he is pardoning
Reposted by JP Koning
CHART: President Trump’s memecoin is doing poorly protos.com/chart-presid...
CHART: President Trump's memecoin is doing poorly
Donald Trump's memecoin, $TRUMP, has performed very poorly since launch, falling approximately 86% from its peak.
protos.com
October 21, 2025 at 6:16 PM
CHART: President Trump’s memecoin is doing poorly protos.com/chart-presid...
Reposted by JP Koning
Ah! Good morning, reality. And welcome. We’ve been expecting you…
October 20, 2025 at 6:43 AM
Ah! Good morning, reality. And welcome. We’ve been expecting you…
Reposted by JP Koning
Reposted by JP Koning
The penny was the main unit of currency for around 500 years, until the recoinage of Edward I with the introduction of the groat.
Later a half groat, along with several gold denominations, was introduced by Edward III
Groat, halfgroat, penny, halfpenny and farthing of Eddy III
Later a half groat, along with several gold denominations, was introduced by Edward III
Groat, halfgroat, penny, halfpenny and farthing of Eddy III
October 17, 2025 at 4:26 PM
The penny was the main unit of currency for around 500 years, until the recoinage of Edward I with the introduction of the groat.
Later a half groat, along with several gold denominations, was introduced by Edward III
Groat, halfgroat, penny, halfpenny and farthing of Eddy III
Later a half groat, along with several gold denominations, was introduced by Edward III
Groat, halfgroat, penny, halfpenny and farthing of Eddy III
Reposted by JP Koning
NEW: How do you think the US distributes social security benefits to people without bank accounts? If you answered “badly,” you’re correct. Yizhu Wang & I took a look at the latest fumbles in Treasury’s efforts to improve the program, & what’s likely to happen next www.bloomberg.com/news/article...
Lifeline for Millions of Americans Becomes Hot Potato for Banks
The US government has begun phasing out paper checks for unbanked Americans who receive federal benefits, adding to the ranks of millions who rely on Direct Express prepaid cards. The problem: that pr...
www.bloomberg.com
October 9, 2025 at 12:50 PM
NEW: How do you think the US distributes social security benefits to people without bank accounts? If you answered “badly,” you’re correct. Yizhu Wang & I took a look at the latest fumbles in Treasury’s efforts to improve the program, & what’s likely to happen next www.bloomberg.com/news/article...
Reposted by JP Koning
Really interesting take on why Montreal is so unique in terms of human-scale urbanism. Consider this when voting in a month?
This video is a long time coming.
People always ask me: what makes Montreal so ambitious on urbanism? (At least for bikes and pedestrians.)
I've been thinking through this and asking Montrealers, and in this video I want to cover *part* of the answer.
People always ask me: what makes Montreal so ambitious on urbanism? (At least for bikes and pedestrians.)
I've been thinking through this and asking Montrealers, and in this video I want to cover *part* of the answer.
The Secret of Montreal’s Urbanism Success
YouTube video by Oh The Urbanity!
youtu.be
October 5, 2025 at 6:05 PM
Really interesting take on why Montreal is so unique in terms of human-scale urbanism. Consider this when voting in a month?
Reposted by JP Koning
So google maps updated some satellite footage, here’s one single Ukrainian village. One out of thousands
September 21, 2025 at 6:22 PM
So google maps updated some satellite footage, here’s one single Ukrainian village. One out of thousands
Reposted by JP Koning
This is an excellent & worrying interview w/ @petercontibrown.bsky.social. Fed independence is gone the day that Lisa Cook's 'firing' is un-stayed by a court; and once it is gone, it will not be coming back anytime soon, likely not before some inflation disaster hits. Everyone loses. Great job, USA.
Podcast news:
I took the reins of The Economics Show this week asking Whaton School prof Peter Conti-Brown
"Fed independence - Why should we worry?"
www.ft.com/content/be56...
I took the reins of The Economics Show this week asking Whaton School prof Peter Conti-Brown
"Fed independence - Why should we worry?"
www.ft.com/content/be56...
Fed independence? Here’s why you should worry. With Peter Conti-Brown
The Fed has faced political pressure before, but Trump’s attack is different
www.ft.com
September 7, 2025 at 9:16 AM
This is an excellent & worrying interview w/ @petercontibrown.bsky.social. Fed independence is gone the day that Lisa Cook's 'firing' is un-stayed by a court; and once it is gone, it will not be coming back anytime soon, likely not before some inflation disaster hits. Everyone loses. Great job, USA.
Reposted by JP Koning
Fed independence is a question of power. As with many institutions today, President Trump is trying to reduce the Fed’s power and increase his own. That dramatic backdrop makes today’s Senate hearing on Stephen Miran for Fed Governor anything but normal. stayathomemacro.substack.com/p/who-will-b...
Who will be in charge of interest rates?
Fed independence is a question of power.
stayathomemacro.substack.com
September 4, 2025 at 1:02 PM
Fed independence is a question of power. As with many institutions today, President Trump is trying to reduce the Fed’s power and increase his own. That dramatic backdrop makes today’s Senate hearing on Stephen Miran for Fed Governor anything but normal. stayathomemacro.substack.com/p/who-will-b...
Reposted by JP Koning
Brown‑Forman's "net sales in developed international markets dropped eight per cent" due to "geopolitical uncertainty".
Sales fell 62% in Canada, 16% in the UK, & 10% in Germany. 🍷
#EconSky
www.cbc.ca/news/canada/...
Sales fell 62% in Canada, 16% in the UK, & 10% in Germany. 🍷
#EconSky
www.cbc.ca/news/canada/...
Company behind Jack Daniel's says Canadian boycott is 'significant' as sales drop 62% | CBC News
The parent company of American alcohol producers such as Jack Daniel's whisky and Woodford Reserve bourbon says sales to Canada dropped 62 per cent during the latest fiscal quarter compared to a year ...
www.cbc.ca
August 30, 2025 at 7:23 PM
Brown‑Forman's "net sales in developed international markets dropped eight per cent" due to "geopolitical uncertainty".
Sales fell 62% in Canada, 16% in the UK, & 10% in Germany. 🍷
#EconSky
www.cbc.ca/news/canada/...
Sales fell 62% in Canada, 16% in the UK, & 10% in Germany. 🍷
#EconSky
www.cbc.ca/news/canada/...
Reposted by JP Koning
Canada is cursed in having mostly the same vehicle standards as the US, and while some styles (like large SUVs) aren’t as common here yet, I worry that it’s only a matter of time.
Europe should fight this hard — and any other similar concessions.
Europe should fight this hard — and any other similar concessions.
This is an INSANE decision by the E.U.
“By signing up to mutual recognition of vehicle standards with the U.S., the E.U. has waved the white flag on road safety. This is not a technical detail – it is a political choice that puts trade convenience ahead of saving lives.”
This will kill people.
“By signing up to mutual recognition of vehicle standards with the U.S., the E.U. has waved the white flag on road safety. This is not a technical detail – it is a political choice that puts trade convenience ahead of saving lives.”
This will kill people.
ETSC: Mutual recognition deal with U.S. will cost lives on Europe’s roads
By signing up to mutual recognition of vehicle standards with the United States, the European Union has waved the white flag on road safety. This is not a technical detail – it is a political choice…
etsc.eu
August 30, 2025 at 6:50 PM
Canada is cursed in having mostly the same vehicle standards as the US, and while some styles (like large SUVs) aren’t as common here yet, I worry that it’s only a matter of time.
Europe should fight this hard — and any other similar concessions.
Europe should fight this hard — and any other similar concessions.
Reposted by JP Koning
The Fed is not good at talking to citizens. Its communications culture is aimed at markets, which means it knows how to give coded, cautious hints that leave room for negotiation. That means there's little will and no experience with strong, affirmative signals in response to wanton norm-burning.
August 29, 2025 at 2:07 PM
The Fed is not good at talking to citizens. Its communications culture is aimed at markets, which means it knows how to give coded, cautious hints that leave room for negotiation. That means there's little will and no experience with strong, affirmative signals in response to wanton norm-burning.
Reposted by JP Koning
Tariff inflation effects are just getting started.
(via Apollo)
(via Apollo)
August 28, 2025 at 3:29 PM
Tariff inflation effects are just getting started.
(via Apollo)
(via Apollo)
Reposted by JP Koning
i find this image so fascinating. it is both a literal example of authoritarianism but also a second-hand reproduction of the aesthetics of other authoritarian states. it's like a simulacra of authoritarianism whose purpose is to attempt to make the simulacra real.
This is a real photograph of Washington, DC this week, where the United States president has ordered military occupation in peacetime, and ordered the display of colossal portraits of himself.
www.wsj.com/politics/pol...
www.wsj.com/politics/pol...
August 28, 2025 at 1:38 PM
i find this image so fascinating. it is both a literal example of authoritarianism but also a second-hand reproduction of the aesthetics of other authoritarian states. it's like a simulacra of authoritarianism whose purpose is to attempt to make the simulacra real.
Reposted by JP Koning
This is going to do wonders for the Village, in that it will actually make it a village
#Montreal’s pedestrian streets project is a resounding success, chiefly because it’s as good for residents as it is for businesses
Canadian cities: take note—this is how you rejuvenate post-pandemic
#cdnpoli
#Montreal’s pedestrian streets project is a resounding success, chiefly because it’s as good for residents as it is for businesses
Canadian cities: take note—this is how you rejuvenate post-pandemic
#cdnpoli
Wow! Sainte-Catherine East, in Montreal’s Gay Village, is going to be rebuilt as a permanent year-round pedestrian street.
Currently it’s only car-free each year in the summer.
Currently it’s only car-free each year in the summer.
Projet de réaménagement de la rue Sainte-Catherine Est dans le Village
Découvrez le projet de réaménagement de la rue Sainte-Catherine Est au cœur du Village.
montreal.ca
August 24, 2025 at 2:08 AM
This is going to do wonders for the Village, in that it will actually make it a village
#Montreal’s pedestrian streets project is a resounding success, chiefly because it’s as good for residents as it is for businesses
Canadian cities: take note—this is how you rejuvenate post-pandemic
#cdnpoli
#Montreal’s pedestrian streets project is a resounding success, chiefly because it’s as good for residents as it is for businesses
Canadian cities: take note—this is how you rejuvenate post-pandemic
#cdnpoli
Reposted by JP Koning
The pressure on the independence of the US Federal Reserve is as bad as some of us had feared. I would love to understand what motivates this optimistic perspective from Raghuram Rajan
August 23, 2025 at 6:25 AM
The pressure on the independence of the US Federal Reserve is as bad as some of us had feared. I would love to understand what motivates this optimistic perspective from Raghuram Rajan
Reposted by JP Koning
A reminder: Dr. Cook's mortgages are not the real issue. The threat to US macro stability is the clear intention of the Trump Admin to influence the composition of the FOMC in defiance of the structures designed to insulate the institution from such influence. Thank you for coming to my TED talk
August 22, 2025 at 6:44 PM
A reminder: Dr. Cook's mortgages are not the real issue. The threat to US macro stability is the clear intention of the Trump Admin to influence the composition of the FOMC in defiance of the structures designed to insulate the institution from such influence. Thank you for coming to my TED talk
Reposted by JP Koning
A typical financial market has *fundamental* traders who watch the world and *technical* traders who watch other traders. A striking feature of the Bitcoin market is the almost total absence of the former. This has increasingly serious implications for all of us www.asomo.co/p/the-whale-...
The Whale of Mass Destruction
How a fundamental weakness in Bitcoin might (technically) crash our economy
www.asomo.co
August 21, 2025 at 7:58 AM
A typical financial market has *fundamental* traders who watch the world and *technical* traders who watch other traders. A striking feature of the Bitcoin market is the almost total absence of the former. This has increasingly serious implications for all of us www.asomo.co/p/the-whale-...
Reposted by JP Koning
“This is a new attempt of the administration to gain more control over the Fed,” said Claudia Sahm, “They’re pulling as many different levers as they can find to get that control.” www.bloomberg.com/news/article...
Trump Aims to Win Majority on Fed Board With Attempt to Oust Lisa Cook
President Donald Trump’s campaign to oust Federal Reserve Governor Lisa Cook, if successful, would give him the opportunity to exert more influence over the US central bank by securing a majority on i...
www.bloomberg.com
August 21, 2025 at 3:10 PM
“This is a new attempt of the administration to gain more control over the Fed,” said Claudia Sahm, “They’re pulling as many different levers as they can find to get that control.” www.bloomberg.com/news/article...
Reposted by JP Koning
Crypto is not a socially useful industry. The most innocent side of it is a form of gambling. UK could make money by hosting and facilitating it, but it does so at the expense of global society and should no more do this than it should help illicit arms sales.
Ask yourself: who is it who is pushing crypto, and who wants the UK to be a market leader in it?
Is it Goldman Sachs?
No.
So who?
/1
Is it Goldman Sachs?
No.
So who?
/1
George Osborne says UK has been left behind in cryptocurrency boom
August 4, 2025 at 12:14 PM
Crypto is not a socially useful industry. The most innocent side of it is a form of gambling. UK could make money by hosting and facilitating it, but it does so at the expense of global society and should no more do this than it should help illicit arms sales.
Reposted by JP Koning
Fascinating story from Duncan Miriri, for which I had the pleasure of reporting.
Africa is building its own payments system, moving from the insanely expensive and slow process of settling transactions in USD.
Trouble is, to Trump it's just de-dollarisation. BAD!
www.reuters.com/world/africa...
Africa is building its own payments system, moving from the insanely expensive and slow process of settling transactions in USD.
Trouble is, to Trump it's just de-dollarisation. BAD!
www.reuters.com/world/africa...
Under shadow of Trump warning, Africa pioneers non-dollar payments systems
Africa's push for local currency payments systems - once little more than an aspiration - is finally making concrete gains, bringing the promise of less costly trade to a continent long hobbled by resource-sapping dollar transactions.
www.reuters.com
June 20, 2025 at 8:09 AM
Fascinating story from Duncan Miriri, for which I had the pleasure of reporting.
Africa is building its own payments system, moving from the insanely expensive and slow process of settling transactions in USD.
Trouble is, to Trump it's just de-dollarisation. BAD!
www.reuters.com/world/africa...
Africa is building its own payments system, moving from the insanely expensive and slow process of settling transactions in USD.
Trouble is, to Trump it's just de-dollarisation. BAD!
www.reuters.com/world/africa...
Reposted by JP Koning
The corruption in the US is just boundless www.ft.com/content/13a6...
Crypto group Tron to go public after US pauses probe into billionaire founder
Deal involving Justin Sun’s digital asset venture orchestrated by investment bank linked to Trump’s sons
www.ft.com
June 16, 2025 at 1:10 PM
The corruption in the US is just boundless www.ft.com/content/13a6...