Mike Norman Economics

Uh-oh!They say it will be used for the benefit of the Venezuelan people, but Trump, Bolton and the rest of the U.S. elite will probably have other ideas. The Venezuelan government has confirmed the existence of “significant” coltan deposits south of the Orinoco River, as well as proven gold reserves valued at $100 billion. Basic Industries and Mining Minister Rodolfo Sanz told a press conference that only seven countries in the world have reserves of coltan – a valuable black mineral that...

No wonder Caracas is supported by China, Russia and Iran. They are the real hardcore troika – not psycho-killer John Bolton’s cartoonish “troika of tyranny” – fighting against the Trump administration’s energy dominance strategy, which consists essentially in aiming at the total lock down of oil trading in petrodollars, forever.... In the end, this is all about economic war.... Strategic Culture FoundationVenezuela: Let"s Cut to the Chase Pepe Escobar

Libertarians are for the bosses party, where the few can subjugate the many. Libertarians say no one is forcing you to work for someone, and so you're free to move on, but what is most bosses are the same because the market gives them too much power. 'If you don't like it go somewhere else', the bosses say, knowing they have you over a barrel.So, start your own business, they say, but two out of three businesses fail, and how would most people raise the money? Remortgage your house, but not...

Bernie disappoints again. He says that the Maduro Government has violently crackdowned on Venezuelan civil society, dissolved the National Assembly, and was elected in what was said to be fraudulent election.But Bernie says nothing about the French police violent crackdown against the Yellow Vests, where 150 people have had serious head injuries from rubber bullets. The French police are supposed to kneel on the floor and fire the bullets at the ground to disperse crowds, but instead they...

Grow the pie within public investment for public purpose rather than shrinking it through austerity or dividing the size of the pieces it differently through redistribution. Having your cake and eating it too. I would add that it is still necessary to address economic rent and its social and political effects. The reason this is so hard to do is that America is a plutocracy. The institutions are rigged. Bloomberg OpinionThe Wealthy Are Victims of Their Own Propaganda–To escape higher...

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I was bullish during the market meltdown in December. I said buy, buy, buy. That recommendation preceded the biggest January market rise in 30 years.

Richard Wolff takes a balanced look at immigration. Don't blame the liberals for it. It's a subsidy for the rich. [embedded content]

I can't get my head around Ron Paul as he should be a socialist. He's very emphatic. A friend of his died a little while back when he needn't have because he didn't have sufficient medical insurance, but Ron Paul wouldn't change his mind about private healthcare.John Bolton says the U.S is going to save the Venezuelan people but the U.S. isn't going to pay for it, so they will seize the oil fields. He says Americans and the Venezuelan people will do well out of it, but Ron Paul hopes they...

The end of America’s unchallenged global economic dominance has arrived sooner than expected, thanks to the very same Neocons who gave the world the Iraq, Syria and the dirty wars in Latin America. Just as the Vietnam War drove the United States off gold by 1971, its sponsorship and funding of violent regime change wars against Venezuela and Syria – and threatening other countries with sanctions if they do not join this crusade – is now driving European and other nations to create their...