Mike Norman Economics

The IMF hitman in Europe, one Poul Thomsem recently published a European Money and Finance Forum (SUERF) Policy Note (October 2018) – A Financial Union for the Euro Area – where he basically told us that any changes that the IMF will allow to occur in the Eurozone architecture will be minimal and will not stop Member States “from being forced to undertake large pro-cyclical fiscal adjustments when the next shock or major downturn hits”. The term “large pro-cyclical fiscal adjustments” means...

[embedded content]

As I said 2 weeks ago. Stock market has bottomed.

Sputnik InternationalGerman Police Shut Down Concert Due to Mass Nazi Salute Moon of AlabamaWhat Poroshenko Gets Wrong - H.W. Bush And The Ukraine TASSUkraine’s government divides country by declaring martial law, Putin says TASSRussian Defense Ministry: NATO deploys troops along Russian border under drills' guise SouthFrontUS MILITARY CONTRACTOR IS HIRING PERSONNEL TO SUPPORT CLASSIFIED ‘CONTINGENCY OPERATIONS’ IN UKRAINE The DuranDonbass prepares for renewed assault as Ukrainian...

Probably nothing new here for regular MNE's readers, but I always enjoy a good interview of Ray McGovern. [embedded content]

Someone is manipulating the oil market, says Chris Cook, who is a regulator, but he doesn't think it is the government. He says it's very peculiar. A bad omen! Chris Cook interview starts at 19 minutes.Link supplied by Footsoldier. [embedded content]

What the Labour Party should be going for?What Craig Murray is addressing, without being explicit about it, is the theory of natural property rights based on John Locke's just-so story about mixing labor with land to acquire a natural right through use. This is based on a narrative that is unhistorical, on one hand, and on the other, it doesn't justify transfer, especially through inheritance. Marx gave the correct historical account based on "primitive accumulation," which amounts to...

Jimmy Dore hilarious send up of the Guardian's propaganda hit piece on Assange. [embedded content]

[embedded content] [embedded content]

German officials said that after receiving “numerous complaints”, they will “scrutinise Amazon’s terms of business and practices towards sellers” to determine if the company abused its strong market power “to the detriment of sellers active on its marketplace”. IG. German regulator launches competition probe against Amazon