Mike Norman Economics

An interesting question. We may be on the verge of a major paradigm shift. The distinction between inside money and outside money. Why the Ukraine is the West's fault. John Mearsheimer speech. https://youtu.be/JrMiSQAGOS4

Fiscal surges to the highest level so far. Trending an $826 bln month!

Oil at $100 brings GDP growth down to near zero. Prices sustained above that and the economy goes into recession.

Sanctions could have a boomerang effect. Rising energy and food prices, while the Fed and other central banks raise interest rates.

Sanctioned Russian banks will be unplugged from SWIFT. It’s time to end SWIFT once and for all.

Sputnik International (Would the US launch WWIII to preserve hegemony?)Biden Says Alternative to Massive Sanctions Against Russia Over Ukraine is 'Third World War'https://sputniknews.com/20220226/biden-says-alternative-to-massive-sanctions-against-russia-over-ukraine-is-third-world-war-1093402284.htmlGilbert Doctorow — International relations, Russian affairsThe Russian Way of WarGilbert...

 While not agreeing with all the finer points of the article, its overall point of realism over idealism in geopolitics is correct. Look at deeds, not words. Words very often are "rational" justification as a veneer over the actual interests driving policy. The relentless expansion of the Anglo-American Empire based on "spreading freedom, democracy, and human rights" when it is actually about global domination is a case in point. This is just what empires do. Always have, ever will.It is a...

They’ve given them 30 days which is not generally being reported…“The U.S. Treasury Department said U.S. banks must sever their correspondent banking ties - which allow banks to make payments between one another and move money around the globe - with Russia's largest lender, Sberbank (http://SBER.MM), and 25 of its subsidiaries within 30 days.”U.S. hits major Russian banks with sanctions over invasion of Ukraine https://t.co/WRf5pilgLc pic.twitter.com/ZTOP76ilz0— Reuters (@Reuters) February...

Bear markets last for years. Bear markets are different from market corrections.

 De-dollarization accelerates. Now India.Zero HedgeIndia Exploring Rupee Payment Mechanism For Trade With RussiaTyler Durden