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Mike Norman Economics

Bill Mitchell — Elites using monetary policy to deal with paranoid fears that power might shift towards workers

What a world we live in where we are snowed with propaganda from the elites about how the only way forward is that we accept “pain” or “sacrifice” to prevent some inflationary catastrophe from accelerating out of control and that if workers dare seek some cost-of-living redress as corporations go for broke in their margin push, then the pain the policy makers will inflict will be greater. The annual gathering of the elites at Jackson Hole in Wyoming over the last days has been one of those...

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Links — 28 August 2022 Part 1

A Son of the New American RevolutionVideos of the Ground War In Ukraine–Ukraine Attacks ThwartedLarry 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 (1984-1989)https://sonar21.com/videos-of-the-ground-war-in-ukraine-ukraine-attacks-thwarted/Awful...

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Links — 27 August 2022 Part 1

The Vineyard of the SakerAll the way to Odessa (Important. Where things are most likely headed based on Russian pronouncements.)Pepe Escobarhttp://thesaker.is/all-the-way-to-odessa/India PunchlineGround beneath Zelensky’s feet is shifting (It may be that the US strategy is shifting away from the initially assumed destruction of the Russian economy using "sanctions from hell," and the succeeding assumption about arming Ukraine to one of assuming that longer terms, the sanctions will bring...

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Links — 26 August 2022 Part 2

Asia TimesUkraine: the situation (August 26, 2022) by Uwe Parparthttps://asiatimes.com/2022/08/ukraine-the-situation-august-26-2022/Awful AvalancheUkraine War Day #184: Nazi Fashion Statementsyalensishttps://awfulavalanche.wordpress.com/2022/08/26/ukraine-war-day-184-nazi-fashion-statements/1945The Russia-Ukraine War at 6 Months: Could Ukraine Have Avoided War? (The fundamental problem with this post is that it ignores the stated objective of the US — to inflict a strategic defeat on...

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Powell says he wants to inflict pain! Monetarists freak!

What kind of pain when interest payments just went up by $25 bln, the most in over 5 years? 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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Links — 26 August 2022 Part 1

A Son of the New American RevolutionCombined Arms–A Look At Russian Air Ops in the DonbasLarry 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 (1984-1989)https://sonar21.com/combined-arms-a-look-at-russian-air-ops-in-the-donbas/Reminiscence of the...

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Current consensus

THIS is the current institutional and public consensus:“to be making some grandiose call about new highs is, quite frankly, it’s irresponsible given what’s going on with the Fed and QT coming. It’s going to be a lot worse than people have experienced so far”Morgan Stanley’s Mike Wilson@isabelletanlee https://t.co/Wz0EKEbe8g— Jonathan Ferro (@FerroTV) August 24, 2022

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Primer for August 25 — Andrei Martyanov, (video 26:59)

[embedded content]Primer for August 25 — Phantom Pains for the Lost EmpireAndrei 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 moved to the United States where he...

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