Mike Norman Economics

Morgan Stanley's take on Zoltan Pozsar's note.Of course, not everyone agreed with this radical view, with Rabobank's in-house geostrategist Michael Every among the most vocal critics of Pozsar's take. Over the weekend, another skeptic emerged, this time the global head of FX EM at Morgan Stanley, James Lord...Zero HedgeMorgan Stanley Lists Three Ways The World Will Respond As Sanctions Threaten The Dollar's DominanceTyler...

This week, your inbox is likely overflowing with two observations – President Biden’s Executive Order on digital assets and the positive price response to what was supposed to be old news. It was as though digital assets exhaled a sigh of relief with the release of the Order. And it went further than expected. The Order is the first-ever ‘whole-of-government approach,’ with broad goals of supporting digital asset innovation, guarding consumer protections, ensuring financial stability, and...

Biden didn't have to take a blowtorch to the financial system in response to the Russian invasion of Ukraine. But he has done so.The American ConservativeWeapons of Financial Destruction and the New World DisorderDavid C. Hendrickson is president of the John Quincy Adams Society and professor emeritus of political science at Colorado Collegehttps://www.theamericanconservative.com/articles/weapons-of-financial-destruction-and-the-new-world-disorder/

TurcopolierBetter maps of the war in Ukraine – TTGhttps://turcopolier.com/better-maps-of-the-war-in-ukraine-ttg/Global Macro MonitorChart of the Day: Russian Crude Oil Importsmacromonhttps://global-macro-monitor.com/  Greek City TimesGreeks in Mariupol: “The Russians help us and don’t discriminate like the Ukrainians” (VIDEO)Athens Bureauhttps://greekcitytimes.com/2022/03/12/greeks-in-mariupol/TASS (Russian state media)Mass motor rally in support for Russia held in...

Point 1: We are witnessing the birth of Bretton Woods III – a new world (monetary) order centered around commodity-based currencies in the East that will likely weaken the Eurodollar system and also contribute to inflationary forces in the West. A crisis is unfolding. A crisis of commodities. Commodities are collateral, and collateral is money, and this crisis is about the rising allure of outside money over inside money. Bretton Woods II was built on inside money, and its foundations...

The Vineyard of the SakerAmateurs think strategy, generals think logistics … Or why Ukraine is doomedhttp://thesaker.is/amateurs-think-strategy-generals-think-logistics-or-why-ukraine-is-doomed/Reminiscence of the FutureGood Ol' Truisms.Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues.http://smoothiex12.blogspot.com/2022/03/good-ol-truisms.htmlGilbert Doctorow — International relations, Russian affairs‘False flag’ chemical attack in Ukraine: a...

Asia TimesUS strategists double down on war with China (Pow! US wishful thinking posing as military strategy)David P. Goldman https://asiatimes.com/2022/03/us-strategists-double-down-on-war-with-china/The Vineyard of the SakerFM Lavrov’s statements following talks with FM Turkey and FM UkrainePress Conferencehttp://thesaker.is/fm-lavrovs-statements-following-talks-with-fm-turkey-and-fm-ukraine/Russian MOD: Early morning updateMinistry of Defense of the Russian...

The Vineyard of the SakerOn maps wars and hate-filled mobs “canceling Russia”http://thesaker.is/on-maps-wars-and-hate-filled-mobs-canceling-russia/Bonnie Faulkner interviews Andrei Martyanov about the Ukrainehttp://thesaker.is/bonnie-faulkner-interviews-andrei-martyanov-about-the-ukraine/Rostislav Ishchenko on the war in the Ukrainehttp://thesaker.is/rostislav-ishchenko-on-the-war-in-the-ukraine/Iurii Podoliaka about the effect of sanctions on...

 Just pure facts. It does not criticse the US at all, but it is explains why Russia went to war. Remember, understanding does not mean agreeing. [embedded content]https://youtu.be/If61baWF4GE

Last week, Reuters/Ipsos (3/4/22) reported on a poll that foundsome 74% of Americans―including solid majorities of Republicans and Democrats―said the United States and its allies in the North Atlantic Treaty Organization should impose a no-fly zone in Ukraine.This was a surprising result, because there was strong bipartisan opposition in Congress to such an action. Typically, public opinion―especially on foreign policy―tends to reflect the prevailing political consensus....Typical nonsense...