Mike Norman Economics

Lithium has now established its position as a key part of the energy industry’s future, and the race to secure supplies of this critical metal is heating up.One potential source of new lithium is on the California-Mexico border, with the California Energy Commission believing it could supply 40% of the world’s lithium demand.Meanwhile, in Argentina, the search is underway for new lithium resources as the country attempts to expand the Lithium Triangle and secure its slice of the...

Just checked today. Federal budget still in surplus this month by $31 bln. Continues to drain liquidity from markets.

Weekend reading if you have not already read these articles by Jacques Baud. Col. Baud is on the same page with Col. Doublas Macgregor, Scott Ritter, Larry Johnson, Andrei Martyanov, and Andrei Raevski (The Saker), all of whom largely agree but differ in some of the details. Jacques Baud is a former colonel of the General Staff, ex-member of the Swiss strategic intelligence, and specialist on Eastern countries. He was trained in the American and British intelligence services. He has served...

The tail end of my three-part discussion of banking (link) ended with the argument that the circular nature of funding flows means that they do not represent a constraint on debt growth, instead the willingness (and ability) to absorb credit risk is the constraint. If we accept this, there is an important implication for our ability to forecast recessions that are driven by a contraction in “animal spirits.” I outlined this argument in the first volume of my (planned) two part texts on...

The Vineyard of the SakerTerror from Balochistan: a menacing tool to disrupt Sino-Pakistani economicsCrossposted from The CradlePepe Escobarhttp://thesaker.is/terror-from-balochistan-a-menacing-tool-to-disrupt-sino-pakistani-economics/Sitrep: Russia is too slow, and other canardsAmarynthhttp://thesaker.is/sitrep-russia-is-too-slow-and-other-canards/Russian Sanctions on Europe: Gonzalo Lira IIhttp://thesaker.is/russian-sanctions-on-europe-gonzalo-lira-ii/Moon of AlabamaU.S. Pushes Fake...

CaitlinJohnstone.comEmpire News Roundup: Latin American Sovereignty, Anatoly Shariy And Morehttps://caitlinjohnstone.com/2022/05/05/empire-news-roundup-latin-american-sovereignty-anatoliy-shariy-and-more/On Psychopathy, Power, Empire And Egohttps://caitlinjohnstone.com/2022/05/06/on-psychopathy-power-empire-and-ego/Caitlin JohnstoneZero HedgeUS Intel Assisted In Sinking Russian Flagship Vessel: Officials Claim Bombshell EscalationTyler...

China may be looking to tighten its rare earth export control laws, and that could make supply even scarcer.The regulations, which have been loosely enforced over the past two years, are in line with the “total national security outlook” policy of President Xi Jinping.The United States is racing to ramp up domestic rare earth supply to help ease its dependence on Chinese resources.OilpriceRare Earths Supply Is About To Get Much TighterAg Metal...

In sum: slowing growth, rising inflation and interest rates, falling financial returns; rising risk of defaults on loans; and war.Lot of numbers. Michael Roberts Blog — blogging from a marxist economistMichael Roberts – It’s not looking good for 2022Michael Roberts

The president of Mexico, Andrés Manuel López Obrador, has expressed his intentionto form an alliance with Bolivia, Argentina, and Chile, in order to promote mutual collaboration on lithium.Internationalist 360ºMexico Calls for Latin American Lithium AllianceKawsachun News

This is a very well written article. James K. Galbraith is MMT-friendly.The multipolar financial world is here. The United States can survive it – but only with major political and economic changes at home. It’s time to start thinking about what those need to be.…Brave New WorldJames K. Galbraith – The Dollar System in a Multi-Polar WorldJames K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public...