Mike Norman Economics

Mister President, in the patois of your native New York City, pull your head out of your ass concerning the Middle East. The Saudis AND their government are nearly all religious fanatics of the Wahhabi, Sunni variety. The Al- Saud family run an absolute tyranny justified by their defense of the fanatic, medievalist brand of Islam that they live by as well as by the support of tribal groups who keep the Al-Saud secure as they always have. Wake up! All the world is NOT a market place....

The ascendence of China and multilateral trading blocks could eventually spell the doom of the G20 and U.S. global dominance, as Pepe Escobar explains. Consortium News On The Road to a Post-G20 World Pepe Escobar See also by Pepe Escobar at Consortium News Future of Western Democracy Being Played Out in Brazil (9 Oct 2018) Welcome to the Jungle (29 Oct 2018)See also Reminiscence of the FutureA Teaser Andrei Martyanov

Strategic Culture FoundationEncouraged by US, Ukraine Prepares to Stage Military Provocation Arkady Savitsky SouthFrontPoroshenko Finds Out 80,000 Russian Troops Stationed For Invasion In Ukraine [snark] SouthFrontNATO Secretary General Says Military Bloc Is Not Going To Withdraw From Afghanistan In Any Scenario SouthFrontVIDEO: KAZACHKA | MASTER CLASS OF RUSSIAN BEAUTY ON SABERS Fort Russ NewsMaduro Insists Right to Sell Gold as Turkey and Venezuela Create anti-US Alliance Paul...

Everybody’s got to calm down. Take a breath.

Traditional economic theory is rooted in a 19th- and 20th-century understanding of science and mathematics. At the simplest level, traditional theory assumes economies are linear systems filled with rational actors who seek to optimize their situation. Outputs reflect a sum of inputs, the system is closed, and if big change comes it comes as an external shock. The system’s default state is equilibrium. The prevailing metaphor is a machine. But this is not how economies are. It never has...

More MSM fake (Photoshopped) news  exposed. If you are wondering whether The Guardian is also involved, the answer is yes. Morons (anchor bias, confirmation bias) or complicit (propaganda). Hey editors, unanalyzed pictures are no longer evidence. Save yourselves some embarrassment Oh, wait, you already knew that!Moon of AlabamaSyria - 'Activist' Posts Fake Picture - Fact Checkers Fall For ItSee also With its strongly misleading report Reuters, or at least its correspondent in Geneva,...

A sizeable portion of the US discussions about economic policy toward China seem to me based on two conceptual mistakes. One mistake is that China's rapid economic growth fundamentally depends on trade with the US. The other mistake is that the bulk of US economic problems depend in some fundamental way on trade with China.... It's worth spelling out the underlying logic here a bit. The formula for economic growth is to invest in human capital, physical capital, and technology, in an...

“Blockchain can change the world just as much as the Internet. This technology is very important to the banking sector as it allows expenses to be reduced, significantly increases the speed and security of transactions and provides an unprecedented level of trust and transparency for all transactions,” commented Andrey Shemetov, Sberbank’s Vice President and Head of the Global Markets Department. “I’m sure that our joint blockchain project with the NSD and MTS is just the beginning, and...

"Neoliberal order." There, fixed it for you. In a twist on Trump’s “America First” policy, U.S. Secretary of State Mike Pompeo said Trump was not abandoning its global leadership but instead reshaping the post-World War Two system on the basis of sovereign states, not multilateral institutions. “In the finest traditions of our great democracy, we are rallying the noble nations to build a new liberal order that prevents war and achieves greater prosperity,” Pompeo told diplomats and...

Puncturing the balloon of "American exceptionalism" and "the noble American." Or, let's get some perspective here. Life is not black and white, but gray — or "grey" if you live in one of the English-speaking countries other than America.Consortium NewsHard Truths and the ‘Indispensable Nation’ Ken Orphan Consortium NewsJust How Corrupt is the American Soul?Lawrence Davidson