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Mike Norman Economics

July 22 2022 Part 1

The Vineyard of the SakerOperation ZOV: quagmire and fogThe Saker Staffhttp://thesaker.is/operation-zov-quagmire-and-fog/1945How the Ukraine War Could End: Stalemate or Russia Captures Kharkiv and Odessa (If Andrei Martyanov and others are correct, Davis is underestimating Russian military capability.)Lt. Col. Daniel L. Davis (USA ret.), Senior Fellow and Military Expert for Defense...

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Links — 21 July 2022

Moon of AlabamaAustralia Finally Recognizes That The AUKUS Deal Makes No Sense At Allhttps://www.moonofalabama.org/2022/07/australia-finally-recognizes-that-the-aukus-deal-makes-no-sense-at-all.htmlWhy Nord Stream II Must Be Opened Immediatelyhttps://www.moonofalabama.org/2022/07/why-nord-stream-ii-must-be-opened-immediately.htmlSputnik International (Russian state-sponsored media)US CIA Director: Iran Never Resumed Nuclear Weapons...

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Be like the banks and get the Fed’s money.

Rate hikes will force the Fed to give free money to the banks. If you buy bank stocks, you will get some of those flows as bank stocks rise. Be like a bank! Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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Michael Roberts — Is China headed for a crash?

China in not headed for a "crash" for the simple reason that the government controls the banking system.The question in any financial crisis is who is going to assume the losses. In market economies, it is generally "the little people" (h/t Alan Simpson), that is, those that do not count. But ultimately the Chinese government will absorb the losses instead of those now affected, the mortgage holders and bank depositors. And cowboy capitalism will be moderated more. The Chinese government has...

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Bill Mitchell — Trickle down. Remember that. The evidence base continue to reject the notion as a scam

Trickle down. Remember that? This was the idea that if we redirect real income towards capital by boosting profits via real wage suppression and/or corporate tax cuts, as if by magic, corporations will start investing the largesse in productive capital, which stimulates economic growth, and, the benefits ‘trickle down’ to the workers who made the initial sacrifices. The evidence base has never supported the idea yet it still resonates. I read two interesting articles yesterday, which are...

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China bank runs…

😂Tanks in front of the banks! (Hey it rhymes Art degree morons!)Disgraced USD zombie pieces of human garbage….“hath not the potter authority over the clay, out of the same lump to make the one vessel to honour, and the one to dishonour?”  Rom 9:21You’re looking at over a billion chamber pots over there…  completely disgraced human beings… sad…🚨🚨🚨🚨Breaking news🚨🚨🚨🚨Tanks are being put on the streets in China to protect the banks.This is because the Henan branch of the Bank of China declaring...

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Mobilization and Real Economy — Andrei Martyanov (video 37.08)

[embedded content] Mobilization and Real EconomyAndrei Martyanov, former USSR naval officer and expert on Russian military and naval issues. Martyanov was born in Baku, USSR in 1963. He graduated from the Kirov Naval Red Banner Academy and served as an officer on the ships and staff position of Soviet Coast Guard through 1990. He took part in the events in the Caucasus which led to the collapse of the Soviet Union. In mid-1990s he moved to the United States where he currently works as...

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The power troika trumps Biden in West Asia — Pepe Escobar

The Tehran summit uniting Iran-Russia-Turkey was a fascinating affair in more ways than one. Ostensibly about the Astana peace process in Syria, launched in 2017, the summit joint statement duly noted that Iran, Russia and (recently rebranded) Turkiye will continue, “cooperating to eliminate terrorists” in Syria and “won’t accept new facts in Syria in the name of defeating terrorism.”That’s a wholesale rejection of the “war on terror” exceptionalist unipolarity that once ruled West...

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Governments Can No Longer Afford To Leave Energy Security To Market Forces — Alex Kimani

When capitalism doesn't cut it.Russia’s invasion of Ukraine has created an energy crisis in Europe and global energy markets will never be the same.The new world energy order will be defined by government intervention on a scale not seen in recent memory.European governments will have to work hard to avoid excessive government interventions in energy markets that might exacerbate the energy crisesActually, the increasingly threatening effects of climate change were a more significant wakeup...

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