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Mike Norman Economics

Zero Hedge — Senators Seek “Crushing” Sanctions For Russia In New Bill

Let's see now. US is sanctioning Russia, China, North Korea, Venezuela, Cuba, Iran, and threatening the Philippines, Turkey and India for purchasing non-US weapons, as well as threatening secondary sanctions on everyone, with possible exceptions for allies, for purchasing Iranian oil after sanctions become effective. Oh, and did I mention the trade disputes with Canada and Mexico. Exactly who is isolated here? Talk about painting yourself into a corner. And economic warfare is a form...

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Philip Giraldi — Revolving Door: How Security Clearances Perpetuate Top-Level Corruption in the United States

The problem arises when former officials use their clearances as bona fides to enhance their marketability for non-clearance jobs in the media or corporate world, particularly when those individuals are criticizing current government policies and behaving in a partisan fashion regarding specific candidates for office. Donald Trump was especially assailed by former officials John Brennan, James Clapper, Michael Hayden and Michael Morell before the 2016 election, all of whom continue to...

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Alex Krainer — The Strangulation of the Russian Economy in the 1990s Was a Deliberate IMF policy

The foregoing article is an excerpt from Chapter 3 of my book “Grand Deception: the Truth about Bill Browder, Magnitsky Act and Anti-Russian Sanctions.” Part 1 is here. Part 2 is here. Shock therapy gave Russia one of the worst and longest economic depressions of the 20th century, an unprecedented humanitarian catastrophe for a peace time crisis, and a criminally inequitable privatization of public assets. The reasons why things happened this way in Russia generally aren’t well understood...

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John Feffer — The Other Iran War

Tucker Carlson has impeccable conservative credentials. He started out as a low-level staffer at the Heritage Foundation and now he hosts a popular show on Fox News. In between were stints at The Weekly Standard and the on-line publication he co-founded, The Daily Caller. His often contentious prime-time show, Tucker Carlson Tonight, which now occupies Bill O’Reilly’s former slot at Fox, is third in the cable news ratings war behind Sean Hannity and Rachel Maddow. When Tucker talks, the...

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Joaquin Flores — ‘THE DONBASS COWBOY’, review of Texas Bentley’s paradigm setting must read book

Book review and plug. In fact, all of the proceeds of his book, which you can purchase by clicking the obvious image at the foot of this review, or on this red line, it will take you to the Donbass Humanitarian Aid NGO.... Fort Russ‘THE DONBASS COWBOY’, review of Texas Bentley’s paradigm setting must read book Joaquin Flores

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Reuters — Russia to deploy military police on Golan Heights

Russia will deploy its military police on the Golan Heights frontier between Syria and Israel, its defense ministry said on Thursday, after weeks of mounting volatility in the area.... Russia acting as the grownup. It can do this since it retains good relations with Israel, Syria, Iraq, Iran and Turkey. ReutersRussia to deploy military police on Golan Heights Denis Pinchuk, Tom Balmforth

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FRED Blog — Alternative money for transactions : What if gold or Bitcoin replaced the dollar

What if U.S. retail prices were not denominated in U.S. dollars, but instead were denominated in gold or Bitcoin? Paying for a loaf of bread with gold wouldn’t be very practical, as you’d need a very small speck of the precious metal. But one can imagine a system of gold substitutes, such as notes giving you ownership of a fraction of an ounce of gold, thereby overcoming the small-change problem. With Bitcoin, it’d be much easier, as a virtual currency can be divided any way you want. Now,...

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