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Mike Norman Economics

Links — 5 September 2018

CNBCJP Morgan's top quant warns next crisis to have flash crashes and social unrest not seen in 50 years Hugh Son Conversable Economist How US Multinationals Shifting Income to Foreign Countries Reduces Measured GDP Timothy Taylor | Managing editor of the Journal of Economic Perspectives, based at Macalester College in St. Paul, MinnesotaBloomberg OpinionHow Real News Is Worse Than Fake News Tyler Cowen | Holbert C. Harris Chair of Economics at George Mason University, and chairman and...

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Philip Geraldi – Israel’s Fifth Column

Another interesting column by Philip Geraldi.  There is a history of American Jews closely attached to Israel being promoted by powerful and cash rich domestic lobbies to act on behalf of the Jewish state. To be sure, Jews who are Zionists are vastly overrepresented in all government agencies that have anything at all to do with the Middle East and one can reasonably argue that the Republican and Democratic Parties are in the pockets of Jewish billionaires named Sheldon Adelson and Haim...

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Brian Romanchuk — Japan And The Costs Of Bond Yield Control

The dangers of distorting free market interest rates is one of the bits of market folklore that keeps getting passed around. There is actually not a whole lot of data to defend this view; it is best viewed as faith-based reasoning. This topic is particularly interesting in the case of Japan. I am somewhat agnostic on this issue; I do not see particular risks from manipulating the yield curve in the current environment, yet I can see some plausible dangers. This article was triggered by the...

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RT – Missing Julian Assange associate raises questions over links to Wikileaks

It could turn out to be nothing, or have the CIA nabbed him? KV. [embedded content] RT's Polly Boiko reports as missing Julian Assange associate raises questions over links to Wikileaks. I quite like what Ron Paul had to say in Assange and the US Empire. KV The Torture Of Assange: A Blight On The US Justice System [embedded content] Wikileaks founder and chief editor Julian Assange has been in solitary confinement in the Ecuadorian embassy for more than six years. Though the original...

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Ben Potter – How to fix the banks after the royal commission

Is it time to change how banks work? In Australia they are thinking about it. KV Break up the banks, tax banks more than other firms, and lay siege to them with low-cost competition from public financial institutions such as the Reserve Bank of Australia and the Future Fund.  These are some of the ways to bring the banks to heel after the royal commission's disclosures of conflicts of interest, alleged criminal conduct and customer rip-offs to be discussed at the Melbourne Economic Forum on...

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100s of Thousands on the Table

I don't see where he gets "hundreds of thousands" unless he's thinking Syria/Russia are going to use WMDs....President Bashar al-Assad of Syria must not recklessly attack Idlib Province. The Russians and Iranians would be making a grave humanitarian mistake to take part in this potential human tragedy. Hundreds of thousands of people could be killed. Don’t let that happen!— Donald J. Trump (@realDonaldTrump) September 3, 2018

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Lixing Sun – How America Hates Socialism without Knowing Why

Why are socialist programs do unpopular today?  In Europe we are fairly well integrated, so we are less inclined to believe that other people getting benefit, or welfare, don't deserve it. We see the social security system as something like a national insurance scheme, which we all pay into and hope we never have to draw on. It's just for in case things go wrong. This is why I believe there will never be a libertarian society, because even most conservatives want a back up system in case...

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Jeff Gates – On the Criminal State

I read Jeff Gates book, Guilt by Association, which was a real eye opener, and there was even a chapter on economics in it where he described how supply side economics was an orchestrated criminal racket.Anyway, in this video he describes what an asset is and how they are used in game theory. Which is different to what to what I thought an asset was, which was someone who helped the CIA, or MI6, ect. Anyway, all of us have biases and triggers which the intelligence agencies of other...

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