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Mike Norman Economics

Bill Mitchell — It all adds up to the conclusion that system change is required not progressive tinkering

It’s Wednesday and some short items that caught my interest over the last week. The FAO’s latest – Food Price Index – shows that even though food prices fell 8.6 per cent from June (to August), “the fourth consecutive monthly decline”, they are still massive inflated (13.1 per cent higher than August 2020) and the “world’s top four grain traders” are profiting from record sales in the face of supply disruptions. The World Food Program informs us that 345 million people are enduring ‘acute...

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Links — 23 August 2022 Part 2

A Son of the New American RevolutionU.S. Embassy Kiev Warns AMCITS To Flee Ukraine (Poking the bear is his lair is a dangerous thing to do. US warns of a Russian attack on Kiev and Lvov.)Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations...

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Headlines, Again— EU on the Way Down. And It Is Spectacular. No, It Is Not Schadenfreude — Andrei Martyanov (video 27:22)

[embedded content]Headlines, Again— EU on the Way Down. And It Is Spectacular. No, It Is Not SchadenfreudeAndrei Martyanov, former USSR naval officer and expert on Russian military and naval issues. Martyanov was born in Baku, USSR in 1963. He graduated from the Kirov Naval Red Banner Academy and served as an officer on the ships and staff position of Soviet Coast Guard through 1990. He took part in the events in the Caucasus which led to the collapse of the Soviet Union. In mid-1990s he...

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Links — 23 August 2022 Part 1

The Vineyard of the SakerWestern ruling elites have Dariia Dugina’s blood on their handsThe Sakerhttp://thesaker.is/western-ruling-elites-have-dariia-duginas-blood-on-their-hands/Awful AvalancheUkraine War Day #181: Dasha [concluded] ("Once it was seen that the counter-offensive was off, then the Zelensky regime had only two choices left: Either negotiate a surrender to Russia; or to go off the wall and become an outright terrorist...

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Summing up today’s decline…misguided, emotional selling.

When you only understand or "see" one side of the dynamic you can easily get frightened. That sums up today's market action. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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