Mike Norman Economics

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...

 News at first was he was missing. Now Scott Ritter said he has been killed the Azov Battalion, but no third party confirmation.

The Vineyard of the SakerSitrep: Operation ZNightvisionhttp://thesaker.is/sitrep-operation-z-12/Reminiscence of the Future"We Bear Heat And Light"(c)http://smoothiex12.blogspot.com/2022/04/we-bear-heat-and-lightc.htmlLarry Johnson On Intel Matters In War. Plus Some Other Quick Observations.http://smoothiex12.blogspot.com/2022/04/larry-johnson-on-intel-matters-in-war.htmlAndrei Martyanov, former USSR naval officer and expert on Russian military and naval issuesA Son of the New American...

Video, no transcript 13.26A Son of the New American RevolutionRT Interviews Larry JohnsonLarry 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 operations (1984-1989)https://sonar21.com/rt-interviews-larry-johnson/

As the US exports record amounts of petroleum and natural gas, the dollar's bull run may be only beginning. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/

Today, Wednesday, we have our regular musical feature (might surprise today) as well as a brief commentary on the growing friction between the IMF and the World Bank on what governments and central banks should be doing to address the current inflationary pressures. One [IMF] says hike rates (apparently thinking that will get Russia to withdraw, Covid to go away and OPEC to behave) while the other [WB] says provide better income support and wait out this transitory inflationary phase....Bill...