Mike Norman Economics

The six Russian national security documents issued since Putin first became president in 2000 display a remarkable conceptual consistency.1 They argue that a polycentric world is emerging and shifting the balance of power from the West to the Asia-Pacific region.2The West is attempting to prevent this, according to Russia, and this will mean greater competition over values and less cooperation in combating global threats like migration, pandemics, global warming and resource scarcity....

Egypt’s monetary system began with barter. It was primarily based on agriculture – grain. This evolved into official Graineries and a farmer would then take his crop to the Grainery and receive a receipt. With time, the monetary system evolved where people would then accept these receipts (paper money) in payment. The receipt  would have been a credit slip representing the liability of the granary.Armstrong EconomicsThe First Representative Form of Money Martin Armstrong

Keeper Samuelson quote on the noble lie.Lars P. Syll’s BlogWhy some economists lie Lars P. Syll | Professor, Malmo UniversitySee alsoThe pretense-of-knowledge syndrome​

If you had asked me to structure a bear market trade, a rise in breakevens would have been the bread and butter answer. However, things are starting to get awkward. Breakeven inflation is no longer cheap relative to where the Fed wants inflation to be (and inflation has averaged below where they wanted it for a considerable time). If one is bullish on oil, there is perhaps more room for headline inflation to rise. Otherwise, it will be hard for breakevens to follow the rise in nominal...

Worldwide military spending was slightly up over the last year, with the US amounting to more than a third (35%) of global military spending. AntiWarRussia’s Military Spending Declines; US Now a Third of Global Spending Jason Ditz

Their political elite are largely technocrats. Qualified. Gneering NewsThe Chinese Government Is Dominated by Scientists and EngineersDion Greg Reyes, civil engineer

US begins engagement in economic warfare against China. Just hours after the White House revealed that it had extended exemptions on aluminum and steel import tariffs from the European Union, Canada, Mexico and several other countries, Nikkei reported Tuesday evening that China has presented the Trump administration with a plan to boost imports of aircraft, semiconductors and natural gas from the US to try and reduce its massive trade surplus. However, Chinese officials are less...

Must-read. Xi Jinping lies at the apex of the Chinese political system. His influence now permeates at every level. He is the most powerful leader since Chairman Mao. Kevin Rudd (former PM of Australia and longtime student of China) notes, “none of this is for the faint-hearted … Xi has grown up in Chinese party politics as conducted at the highest levels. Through his father, Xi Zhongxun … he has been through a “masterclass” of not only how to survive it, but also on how to prevail within...

In this essay, I offer a detailed textual analysis of the speech which French President Emmanuel Macron delivered before the Joint Session of Congress, Washington, D.C. on 25 April 2018, in line with the kind of textual analysis which I performed on major political documents signed by heroic East European freedom fighters in 2007 and 2009, which were in fact authored by US intelligence operatives.... Russia Insider The CIA Got Macron Elected - It Looks Like They Wrote His Big US Speech...

US economic warfare ramping up. Russian assets were hot until the new sanctions, with foreign investors piling into Russia’s sovereign ruble-denominated debt as one of the best ways to make money in the global zero-interest world. But the sanctions have hit not just those companies on the new US list, but all of Russia’s companies. A sword of sanctions is now dangling over everyone as those announced so far were directed in such a way is it is impossible to guess where it will fall next....