Mike Norman Economics

Magazine cover indicator:The revenge is coming from the FED Liquidity crunch for everyone pic.twitter.com/GYGlDZvFAB— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) April 22, 2022

Gilbert Doctorow — International relations, Russian affairs“They must be out of their minds”: how the Collective West is stumbling towards nuclear ArmageddonGilbert Doctorowhttps://gilbertdoctorow.com/2022/04/21/they-must-be-out-of-their-minds-how-the-collective-west-is-stumbling-towards-nuclear-armageddon/India PunchlineMigratory birds of mass destruction (US bioweapons? You won't hear about this in the Western "news." If true, it's over the top.)M. K. Bhadrakumar | retired diplomat with...

[embedded content]Colonel Douglas Macgregor On Biden Family Corruption Working With TrumpThe Dive with Jackson Hincklehttps://youtu.be/_RxCfoVU0ns

[embedded content]Mariupol, Dmitry Medvedev, West's suicide, incompetence as a virtue. Narcissism of the West. The 1930s Are Coming.Andrei 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...

Hard to believe that we have not gotten off this interest rate insanity. Interest rates have very little effect on the economy.

This month, several of us – Scott Ritter, myself, ASB Military News, among others – were canceled from Twitter. The – unstated – reason: we were debunking the officially approved narrative of the Russia/NATO/Ukraine war.As with all things Big Tech, that was predictable. I lasted only seven months on Twitter. And that was long enough. Contacts in California had told me I was on their radar because the account grew too fast, and had enormous reach, especially after the start of Operation Z.I...

The conditions of nearly 90 percent of the International Monetary Fund’s pandemic-related loans are forcing developing nations suffering some of the world’s worst humanitarian crises to implement austerity measures that fuel further impoverishment and inequality, an analysis published this week by Oxfam International revealed.Oxfam found that “13 out of the 15 IMF loan programs negotiated during the second year of the pandemic require new austerity measures such as taxes on food and fuel or...

The Deputy Governor of the Bank of Israel has announced it will reduce its US dollar holdings and add the Chinese RMB Yuan to its basket of foreign currency reserves. The bank has previously only held US dollars, Euros and British Pounds.Andrew Abir stated that “We need to look at the need to earn a return on the reserves that will cover the costs of the liability”The bank is diversifying its risk and also adding Canadian and Australian dollars, while reducing its US dollar and Euros...

This article continues the discussion started in Part I of this series on a banking debates — but does not finish it. The previous part gave a fast-paced overview of how generic financial firms that operate in fixed income view the world, along with some of the special properties of banks versus those other investors. In this, I return closer to an ongoing debate in economics: what limits bank lending? This article attempt to give a simplified view from the perspective of an individual bank...

I keep reading reports of the rising risk of food riots as food prices soar around the world and vulnerable nations and communities are faced with increased food insecurity, which is a technical term that international agencies use, that actually means risk of starvation. At the same time, governments allow hedge funds to take speculative positions on food as a traded commodity which has been shown to not only increase food prices but also divert supply into storage (long positions) while...