Mike Norman Economics

The CradleThe Empire is not done torturing AfghanistanPepe Escobarhttps://thecradle.co/Article/Columns/12648A Son of the New American RevolutionEurope Catches Major Blowback in Failed Attempt to Confront RussiaLarry 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...

I operate on the basis of first seeking to understand the phenomena I am addressing through logic and recourse to the evidence base. I am very cautious in my public statements – oral or written – and always seek to consult the knowledge base. I noticed a comment in response to yesterday’s blog post – The RBA has lost the plot – monetary policy is now incomprehensible in Australia (July 6, 2022) – that insinuated that I was writing nonsense in relation to my claim that commercial banks enjoy...

LOL they BOTH seek a balanced budget… and you guys think this is all a “vast neoliberal conspiracy!” …. So they BOTH must be in on it!You guys should call Alex Jones on this!  Their crafty plot probably hatched at Bohemium Grove on Epstein Island!Sober up…Joe Biden is lying about the deficit again.Biden's policies have INCREASED the deficit. pic.twitter.com/mZgBGTvtVO— RNC Research (@RNCResearch) July 6, 2022

The Vineyard of the SakerSitrep Operation Z: A small pause Amarynthhttp://thesaker.is/sitrep-operation-z-a-small-pause/Naked CapitalismThe Coming Sanctions-Induced Economic Tsunami?Yves Smith https://www.nakedcapitalism.com/2022/07/the-coming-sanctions-induced-economic-tsunami.htmlWelfare Can Discourage Crime More Than It Discourages WorkManasi Deshpande, Assistant Professor of Economics, University of Chicago and Michael Mueller-Smith, Assistant Professor of Economics, University of...

It’s Wednesday and I have some comments to make about yesterday’s RBA decision (July 5, 2022) to continue increasing its interest rate – this time by 50 points – the third increase in as many months. If the rhetoric is accurate it will not the last rise by any means. In its – Statement by Philip Lowe, Governor: Monetary Policy Decision – the RBA noted that global factors were driving “much of the increase in inflation in Australia” but there were some domestic influences – like “strong...

Monetarists freaking out that their “Monetary Base!” has fallen over 20%…Aggghhhh! Welcome to the Global #liquidity cliff edge!Supply of all #USD Worldwide... including off-shore #Credit crunch ahead...@rbrtrmstrng @gnoble79 @leadlagreport pic.twitter.com/IYrazECWEf— CrossBorder Capital (@crossbordercap) July 5, 2022 But it looks like the increased transfer to the Fed’s new RRP facility subtracts from their “monetary base!” …. so now all these monetarist’s are freaking out that we’re going...

1945Russia’s Brutal War in the Donbas Proves Ukraine Can’t WinLt. Col. Daniel L. Davis (USA ret.), Senior Fellow and Military Expert for Defense Prioritieshttps://www.19fortyfive.com/2022/07/russias-brutal-war-in-the-donbas-proves-ukraine-cant-win/Business Insider (Jul 1, 2022)Former defense secretary James Mattis rips Putin's 'pathetic' military performance in Ukraine: 'We're watching Russia wither before our eyes' (copium?)...

[embedded content]Wunderwaffe Thinking – How US politicos think about war – Tom Clancy syndrome and mathAndrei 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...

Market bounced as I told you it would. Meanwhile, heavy speculative liquidation of gold and oil. 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/

One WorldA Key Russian Policy Influencer Confirmed The New Worldview Of His Country’s Elite (Important. A key part of the Western plan is the overthrow of Putin and his government by the Western-oriented elite. Dmitry Trenin, formerly such a person, says to forget about that. Russia has put the West behind it and is now orienting to the Global South as the global future. Western-led globalism is dead. The other alternative to overthrowing Putin was the oligarchs, until that fizzled. The...