Mike Norman Economics

[embedded content] Superb commentary by Max Keiser. The Saudi's also want to de-dollarize.Beijing is ready to step up the game. Soon China will launch a crude oil futures contract priced in yuan. This means that Russia – as well as Iran, the other key node of Eurasia integration – may bypass US sanctions by trading energy in their own currencies, or in yuan. Inbuilt in the move is a true Chinese win-win; the yuan - according to some - will be fully convertible into gold on both the...

In the past, America has witnessed “McCarthyism” from the Right and even complaints from the Right about “McCarthyism of the Left.” But what we are witnessing now amid the Russia-gate frenzy is what might be called “Establishment McCarthyism,” traditional media/political powers demonizing and silencing dissent that questions mainstream narratives.... It's about Establishment control of the narrative that establishes consensus reality. Consortium NewsRussia-gate Breeds ‘Establishment...

“The general feeling is that they’ll get there before us.” Xi Jinping said they were going to focus on innovating. The world will soon see whether "the Chinese" are only good at copying, as critics charge. This was said of Japan as the country recovered after WWII.And affordability is no problem. It doesn’t necessarily mean that their scientists are better,” McClatchy reported Martin Laforest, a physicist at University of Waterloo as saying. “It’s just that when they say, ‘We need a...

Despite early reports that there was no use of National Security Agency-developed exploits in this week's crypto-ransomware outbreak, research released by Cisco Talos suggests that the ransomware worm known as "Bad Rabbit" did in fact use a stolen Equation Group exploit revealed by Shadowbrokers to spread across victims' networks. The attackers used EternalRomance, an exploit that bypasses security over Server Message Block (SMB) file-sharing connections, enabling remote execution of...

[embedded content]                                       This is superb. Ed Schultz doesn't mince his words.                               Ed Schultz: Wikipedia:   Political views  In the late 1990s, Schultz stated that a series of events changed his political views from the right of the political spectrum to left of the spectrum. One event was his mother's battle with Alzheimer's Disease, which began a long, slow decline of her mental health. Schultz found it frustrating trying to get...

"The 48th brigade lost control of the coast... 500,000 people are gathered at the Libyan camps, and are ready to leave." "Because there was little food, we were forced to eat food mixed with children's feces." Apparently, this is the type of Russian propaganda about mass immigration into Europe from Africa that the West complains about. I don't see anything factually wrong in this article and it is sympathetic to the African refugees who desperately trying to reach Europe and there is...

What follows is very unorthodox thinking even among the heterodox. It’s well beyond and different from MMT’s utterly convincing takedowns of “loanable funds” notions, for instance. So take it as the ravings of an internet econocrank, if you will. But here it is FWIW.... AsymptosisThe Mysterious Stock of “Loanable Funds” Steve Roth

Never let a crisis go to waste. The Intercept Disaster Capitalists Take Big Step Toward Privatizing Puerto Rico’s Electric Grid Kate Aronoff

It is a slippery slope and we have just entered a fast descent into Deep State censorship. This is a test case. If public pushback in the US in not significant, the process will be gradually ratcheted up until the bipartisan establishment regains control of the narrative. TPTB have realized that there is no alternative.The DuranFull on censorship! Twitter removes all RT and Sputnik ads from platform Alex ChristoforouSee alsoBlackmail and the latest attack on RTAlexander Mercouris

The move by social media company Twitter to ban two Russian news outlets from placing advertisements on the site is a "blatant violation" of international norms, a Russian Foreign Ministry spokeswoman said, adding that retaliation measures are unavoidable.  RTTwitter decision on RT & Sputnik aggressive step, retaliation to follow – Russian Foreign MinistryAlsoTwitter bans all RT advertising, citing ‘election interference’See alsoSputnik InternationalRussia Will Respond to Twitter's RT,...