Mike Norman Economics

Peter Koenig is a good guy.  Organised crime and gangsters are running the show, but maybe, just as in all the best films we have ever seen, good will finally overwhelm evil and set the world free from this tyranny. KV Although, here it must be added, according to international law, most of Greece’s debt was imposed by the troika under illegal circumstances. It’s also called “odious debt”, the description of which reads “In international law, odious debt, also known as illegitimate debt, is...

The WikiLeaks founder has a human right to healthcare. It will not be met while he remains confined in the Ecuadorian embassyLife inside the Ecuadorian embassy is taking its toll on Julian Assange. I suspect this blew up bigger than he thought and now he has sacrificed everything for the truth. A massive sacrifice. Where are the good guys, they're there in all the children's fairy stories, they are in our best novels, our legends and folklore are full of them, our hearts lift when the good...

The Stupid Party Remains Stupid In the 1970s neoconservative Irving Kristol aptly described the Republicans as “the stupid party.” We are seeing this today in the hesitation of the House Intelligence Committee to release to the American public the results of its investigation of Russiagate. The committee has released a description of its findings to members of the House, and most Republicans who have read it are demanding that it be released to the public as it clearly proves that...

[embedded content] Days ago the US Secretary of Defense James Mattis updated and revised America’s global defense strategy. It is a dark vision of the world and calls for massive defense spending. What he calls a defense strategy critics say is a blue-print for wars without end. CrossTalking with Michael Vlahos, Christopher Neiweem, and Philip Giraldi

"Profits = Investment - Saving"Or, "Profits = Expenditure - Income". Those are just alternative ways of saying the same thing, for a closed economy, if investment and saving include government investment and saving. Most economists will say that's wrong. And it is wrong by standard definitions, where aggregate expenditure and income are the same thing, and investment and saving are also the same thing (for a closed economy, including government investment and saving). But let me tell you...

Ed Harrison on Ray Dalio on bonds.Credit Writedowns Ray Dalio: We are already in a bond bear market right nowEdward Harrison

Wilbur Ross performing some heavy USD zombie eradication today...Awesome job by @SecretaryRoss at Davos, entirely deconstructing the ridiculous economic arguments of the panel globalists. If you follow economics closely this is a MUST WATCH:https://t.co/7hj1fNxJbU— TheLastRefuge (@TheLastRefuge2) January 24, 2018

U.S. Treasury Secretary Steven Mnuchin welcomed a weaker dollar on Wednesday, sending the greenback reeling and underlining concerns that U.S. President Donald Trump is stepping up his attack on China and other big trading partners as part of his America First agenda.... ReutersU.S. official [Sec. Mnuchin] backs weak dollar amid fears of trade war Paritosh Bansal, Noah Barkin, Yara Bayoumyalso Explaining the "heresy."A weak dollar 'good' for the U.S.? It's complicated Richard Leongalso...

Noted journalist and filmmaker John Pilger’s collection of work has been archived by the British Library, but deep-rooted problems of Western media create an increasingly difficult landscape for ethical journalism, as Pilger explained in an interview with Dennis Bernstein and Randy Credico.... Consortium NewsMainstream Media and Imperial Power Dennis Bernstein and Randy Credico interview John Pilger

The head of VTB Bank Andrei Kostin, who is currently in Davos at the Economic Forum, has spoken out in relation to the situation surrounding Western sanctions against Russia. "What we modestly call sanctions, in fact, is a full-scale economic war that aims to put tremendous pressure on our economy, to restrain its growth, to worsen the living conditions of our people, to worsen our economic development, and thus to influence the domestic political situation in our country, including the...