Mike Norman Economics

Fastracking legislation for 4 new terminals.... Simply establishing different sources for LNG…. Germany ramps up capacity for LNG imports to replace Russian gas https://t.co/xGIW7iFfsD pic.twitter.com/3nBuf4yG2I— Reuters (@Reuters) May 5, 2022

[embedded content]May 9th, Zmeinnyi Island fiasco, Pentagon, Fakes, Nuclear subs in... Black SeaDebunking (Some) FakesAndrei 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...

Kiev cites ‘force majeure’ in Lugansk to halt third of gas flow to Europe, while Gazprom says there have been no issues that would justify the halt.The Vineyard of the SakerUkraine calls force majeure and halts 1/3 of European gashttp://thesaker.is/this-is-just-too-delicious-not-to-sitrep-quickly-ukraine-calls-force-majeure-and-halts-1-3-of-european-gas/Interfax UkraineUkraine forced to suspend gas transit through GMS Sokhranivka due to actions of Russian occupiers from May 11 –...

Crunch time.OilpriceTop German Gas Buyer [VNG] Concedes To Russian Payment SchemeIrina Slav

[embedded content]MultipolaristaEconomist Michael Hudson on decline of dollar, sanctions war, imperialism, financial parasitismBen Norton aka Multipolarista interviews Michael Hudson: Destiny of Civilizationhttps://youtu.be/qlUSqQ8U8T8

MMT has not developed a coherent theory of how tax fulfils the withdrawal function to control inflation it has prescribed to it, hence the papers by me and me and Andrew Baker. Hence too why we are also planning to develop this, considerably. We are seeking to develop theory on how tax does simultaneously have this withdrawal function, which does not fund spending but is an explicit part of the overall funding cycle, whilst simultaneously having a strong function in delivering social,...

The central lesson of the COVID-19 fiscal response is that money is not scarce. Without delay, governments around the world appropriated budgets that dwarfed any other postwar crisis policy. In 2020, Japan passed a stimulus package equal to 54.8 percent of GDP, while in the U.S., it was equivalent to 26.9 percent and in Canada to 20.1 percent. Italy, France, and Germany spent 10.1, 10.4, and 10.7 percent of GDP, respectively (Dziedzicki et al. 2021).…Download file at link.EDI Resources...

The stock market is trading like there's been a 30% contraction in the economy, when in actuality the economy is growing at around 2%. Some stocks at generational lows. You won't get these bargains ever again. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics:...

RT — Question More (Russian state-sponsored media)An open letter to the American people, as Russia celebrates its WW2 victory over the Nazishttps://www.rt.com/russia/555114-victory-day-america-nazis/A Son of the New American RevolutionWhy America Fails to Commemorate Victory over the Nazis While Russia Still Celebrates (good question, but I think his answer is somewhat simplistic. Americans had no where near the investment of the Russians, for example, and war was not fought on American...

[embedded content]Surprise, not! Victory Day, May 9th, How To Make A Decision. Real War PlanningAndrei 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...