Mike Norman Economics

 The reported test comes on the heels of an emergency conference involving Chinese state regulators and major domestic and foreign banks last month discussing how the Asian nation’s assets could be protected if the US imposed Russia-style restrictions on the People’s Republic....Sputnik International (Russian state-sponsored media)Beijing Reportedly Conducted Massive ‘Stress Test’ Modeling Impact of Russia-Style Sanctions on...

CaitlinJohnstone.comThe Most Joe Biden Thing Ever: Notes From The Edge Of The Narrative MatrixCaitlin Johnstone https://caitlinjohnstone.com/2022/05/04/the-most-joe-biden-thing-ever-notes-from-the-edge-of-the-narrative-matrix/India PunchlineMake hay while sun shines — Indian, Chinese waysM. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassadorhttps://www.indianpunchline.com/make-hay-while-sun-shines-indian-chinese-ways/The Vineyard of the SakerSergey...

Overuse of sanctions by the US could discourage other countries from transacting in the Dollar in the first place, a risk that US officials are well aware of. Former Treasury Secretary Jacob Lew said in 2016 that the US “must be conscious of the risk that overuse of sanctions could undermine our leadership position within the global economy, and the effectiveness of our sanctions themselves… if they excessively interfere with the flow of funds worldwide, financial transactions may begin to...

So, I was wrong. I thought the Reserve Bank of Australia (RBA) would hold the line on interest rates this month after telling all and sundry that they would be waiting until there was evidence of accelerating wages growth. They also lured thousands of first-home buyers into a hot property market on that promise, allowing the commercial banks to push mortgage debt onto these borrowers, sometimes at rates of six times the borrower’s income (massively overindebted in other words). The RBA also...

 Sell Mortimer! Sell!!!! Who’s going to buy them now????  🤪Fed’s holdings of Bills being redeemed this week:Fed’s holdings of Notes and Bonds being redeemed this week:No purchases last two weeks:SOMA balance down $15B last week and looks like A LOT more this week:Oh no! They’re draining the money supply!  😂Art Degree moron unqualified douchebag hijinx proceeding apace..  🍿🍿🍿

Sputnik International (Russian state-sponsored media)Mark Milley Warns of Growing Potential for 'International Conflict Between Great Powers'https://sputniknews.com/20220503/mark-milley-warns-of-growing-potential-for-international-conflict-between-great-powers-1095241239.htmlRussian Forces Find Torture Chamber Near Kherson, Legless Body in Russian Uniform Rigged to...

There's been so much buildup, hype, and hysteria leading up to this Fed policy switch. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/

Russian adopts a Keynesian approach. A purpose of the sanctions was to impoverish the Russian people so they would rise up and replace Putin with a Western-friendly government.Zero HedgeRussia Ramps Up Fiscal Spending To Blunt Economic Blowback From Ukraine WarTyler Durdenhttps://www.zerohedge.com/economics/russia-ramps-fiscal-spending-blunt-economic-blowback-ukraine-warAlso from ZH, unrelatedSpeed-Limiters Will Be Equipped In All-New EU Cars Beginning Next...

Russian President Vladimir Putin has just introduced a package of economic measures intended to retaliate against Western sanctions.The Cabinet of Ministers now has 10 days to determine who will be put on the sanctions list.OilpriceRussia Retaliates: Putin Publishes New Sanctions Against The WestCharles Kennedyhttps://oilprice.com/Geopolitics/International/Russia-Retaliates-Putin-Publishes-New-Sanctions-Against-The-West.html

[embedded content]She's [Eva Bartlett] exposing the TRUTH in Ukraine and they don't like itRedacted Conversation with Eva Bartlett, Canadian Independent Journalist (allegedly spreading disinformation)https://youtu.be/OzMLPSXb7RU