Mike Norman Economics

Coinhive harnesses the resources of 500 million people with no questions asked. Ars TechnicaA surge of sites and apps are exhausting your CPU to mine cryptocurrency Dan Goodin | Security Editor at Ars Technica

The New McCarthyite program of demonizing anyone and anything associated with Russia continues apace. A Soros-funded think tank called European Values has put out a screed (no exaggeration, read the hyperventilating tone of the “report”) which has as its major aim chilling the participation of guest speakers on RT, per its title, The Kremlin’s Platform for ‘Useful Idiots’ in the West. This self-styled think tank posted a list of people who had appeared on RT on a series of its shows since...

What, then, is US policy in the Middle East—under Trump, Obama, Bush and Clinton (and even earlier)? When all the rhetoric has been stripped away, we can identity quite clear, precise, and fairly consistent major strategic policy positions. First, Washington accedes to almost anything that Israel wants. This is an untouchable posture, a third rail, beyond any debate or discussion lest we anger the powerful Zionist lobby of AIPAC and end up being labelled “anti-Semitic.” The New York...

A recent twitter exchange with some Europhiles who believe that it is better to wait for some, as yet unspecified, incremental reform process for the Eurozone rather than precipitate exit and the restoration of currency sovereignty was summed up for me by one of the tweets from Andrew Watt. In trying to defend the abandonment of sovereignty and make a case for continuing with the so-called reform dialogue, he wrote (October 27, 2017): “Unemployment in “periphery” was v hi before €. Fell...

Never saw this data taken back so far before.If this data is accurate, you can see how this CB policy of creating abnormally large amounts of risk-free bank assets caused the Great Depression and WW2 in addition to our more recent GFC in 2008 and resultant chaos.The 2008/2009 policy was faster to reach the apex while the 1930's policy took a longer time to max and causued the much longer grind of what became known as the Great Depression.The twitter poster claims that the decade of non-risk...

Inquiring mind want to know just who is "colluding" here? The American ConservativeThe Plot to Bring Down Trump Patrick J. Buchanan See alsoScott Ritter pulls out his magnifying glass and looks at the Democratic side of the story. It's not pretty. The Democratic Law Firm Behind the Russian Collusion Narrative Scott Ritter, former Marine Corps intelligence officer who served in the former Soviet Union implementing arms control treaties, in the Persian Gulf during Operation Desert...

Over the weekend, DB's credit strategist Aleksandar Kocic discussed what Minsky Dynamics for the "New Normal" look like based on a matrix that charted the various progressions of Leverage vs Volatility, with four possible end states. However, since that graphic explanation proved too problematic for some, another Deutsche macro analyst, Alan Ruskin, released a far simpler representation of the current (and historical) Minsky cycle, which compartmentalizes the world's various assets in their...

CIA. U.S. Air Force Colonel Fletcher Prouty was the chief of special operations for the Joint Chiefs of Staff from 1955 to 1964, managing the global military support system for the CIA in Vietnam and around the world. Fletcher Prouty’s book, The Secret Team: The CIA and its Allies in Control of the United States and the World, was suppressed when it was first published in 1973. Thousands of copies disappeared from bookstores and libraries, and a mysterious Army Colonel bought the entire...

In order to understand China and how the world works, I am very lucky to have lived here during two very different time periods. It started 1990-1997. In the first book of The China Trilogy, 44 Days Backpacking in China, I called this period the Wild East Deng Xiaoping Buckaroo Days. It was intense, crazy and addictive at the same time. I commented that it was like a “Nat King Cole five-pack-day nicotine habit”. I knew it was bad for me, but I just couldn’t get enough of it. Then, after...

Democracy 2.0 is having its own modern-day McCarthy moment: Millionaire [sic, should be "billionaire"] George Soros has published a blacklist of thousands of politicians, journalists, academics and celebrities ever to appear on Russian state broadcaster, RT, designed to intimidate anyone from ever appearing on the network which has already been defunded by NatWest, demonetised by social media giants Google, Facebook and Twitter which have rapidly become privately outsourced state...