Mike Norman Economics

Trump hinted at the need to improve relations with Russia on the campaign trail, even has his administration would go on to increase tensions with Moscow through new sanctions, diplomatic expulsions, and a NATO military buildup on Russia's western borders. Give peace a chance! KV President Trump took aim at his 'Russiagate' critics on Saturday, tweeting that he has been "FAR tougher on Russia" than his predecessors, including Barack Obama, George W. Bush and Bill Clinton, but adding...

Some serious economics here, which is about how priater bank created money does affect the economy. Some neoclassical economists are developing models that show this, although this is within their paradigm, but this it is a start, says Steve Keen. Now, after the Bank of England paper, Neoclassical economists are trying to work out the importance of credit in macroeconomics, using their conventional tools. I'm glad they're doing it, but I wish they'd also question whether their tools played...

Big banks could be about to get a high-profile enemy in a very powerful place. Freshman Rep. Alexandria Ocasio-Cortez, who is a registered Democrat but identifies as a democratic socialist, is in line to be appointed to the House Financial Services Committee, according to a Politico report. The New York legislator has vowed to take on the industry that makes up the corporate backbone for much of her constituency. She said during her successful campaign in 2018, in which she refused...

This might be a bit too radical for me, but perhaps it could work, and may even get some of the conservatives onboard too. If every time you get a little bit of socialism voted in, the ruling class and the conservatives smash it up, then putting up a system which transcends both socialism and capitalism, which might attract some conservatives to go along with it, could be an answer.The first video is by a guy called Cameron, who says he is a libertarian socialist. In the video he argues why...

Newly elected Congressional Reps David Trone, Dan Crenshaw, Elaine Goodman Luria, Tim Burchett, Denver Riggleman, and Susie Lee on a December 2018 AIPAC trip to Israel. AIPAC’s educational arm spends about $10,000 a piece on these trips. By using a nonprofit entity, the Israel lobby gets around a U.S. law intended to prohibit Congressional junkets funded by lobbying groups The Israelis get this for free, because what they are trying to do us keep to the $10,000 a day of American money...

Alessio Rastani is a pro Trump Christian conservative. He says how the Fed is controlled by the Saudis, but fortunately, he doesn't go into the Federal Reserve conspiracy. I thought this was a really good video. Aladdin Rastani is a peacemaker. [embedded content] Some people in the media want you to believe that Iran is your enemy. Is this really true? In this video we reveal who is the shocking real enemy... the true danger to your freedom. HINT: It is NOT who you think it is. And it...

S&P 2600 level could provide some resistance, but bank earnings next week could be a positive surprise.

Chilling stuff! Michael Hudson says that the Western oligarchy would sooner let 90% of people in the world die rather than cancel any of debt they believe is owed to them. [embedded content] Hudson states that the problem originates with the privatization of finance. “Every society in history for the last 4,000 years has found that the debts grow more rapidly than people can pay,” he says. “The problem is a small oligarchy of 10 percent of the population at the top to whom all of these net...

All that oil and gold - the pirates are after it!  The US Imperial Project US policy towards Venezuela has three strategic objectives: privileged access to Venezuela’s natural resources (e.g., the world’s largest petroleum reserves and second largest gold deposits), restoration of a neoliberal regime obedient to Washington, and limitation of any movement towards regional independence. These US objectives are conditioned by a continuing adherence to the Monroe Doctrine for Latin America...

I tried to find out more about the British journalist, Graham Pillips, who reports about the war in the Ukraine, but everything on the internet is a massive smear campaign against him, where they say he is a terrorist who is funded by the Kremlin. Graham Phillips says he's neutral and independent, and his funding comes from crowdfunding.The British taxpayer funds a secret group called the Integrity Initiative which tries to influence American politics to keep the hostilities going with...