Mike Norman Economics

Why is the US-led West trying to instigate a crisis in Ukraine? Those who understand how Washington derives its real power know why – it’s all about moneyAs for any nation that wants to break free of the US dollar, we know all too well what the US has in store for them…This is where the Russian Federation comes in. If one really wants to understand why the US establishment hates Russia under Vladimir Putin, all one must do is understand the dollar's role in the world. Russia is a direct...

 The enormous costs and elusive benefits of the war on terrorSome American on Twitter tweeted saying that Putin has turned Russia into a rogue and pariah state. It's funny how people don't see their own faults. What Washington has done since 9/11 are some of the worst crimes against humanity. And the US is not even a real democracy, because like in the UK, the elite choose who we can vote for: They destroyed both the Bernie Sanders and the Jeremy Corbyn's campaigns with fake news. The...

Washington is out of control! Since 9/11 it's been on the rampage starting one war after another. The US has many superb companies and great technology, which could easily compete in a multi-polar world, but instead it prefers medieval warfare, piracy, and gunboat diplomacy. The US is starting one war after another, which its rich investors in the Military-Industrial Complex are making billions from. It's totally evil! The Atlantic Council has released a report claimed across the Western...

At the time of writing, there are considerable fears about the diplomatic situation between Russia and Ukraine. One complaint I have seen multiple times that people were annoyed that macro analysts were opining on the topic, despite a lack of qualifications in international relations. Although that might feel satisfying, the reality is that macro analysis is quite literally the analysis of everything going on in the world, and so you have little choice but to have opinions on a wide range of...

India Punchline (longish, but important)India, China in Europe’s crisisM. K. Bhadrakumar | retired diplomat with the Indian Foreign Servicehttps://www.indianpunchline.com/india-china-in-europes-crisis/Strategic Culture Foundation (longish but important)Dominating the Information Space: The Narrative Floats Into FantasyAlastair Crooke | founder and director of the Conflicts Forum, and former British diplomat and senior figure in British intelligence and in European Union...

American Intelligence gets paid Billions, but it's intelligence is rubbish, says Alexander Lukashenko. [embedded content]

Middle Eastern OPEC producers have made it clear that they do not plan to increase production beyond the current OPEC+ quotas.The producers believe that the current price rally has been driven by geopolitical factors rather than market fundamentals.Saudi Arabia’s energy minister did recognize that years of underinvestment in oil exploration was now causing risks on the supply side.The Saudis are the swing producers so they set the price. OilpriceWhy OPEC Won’t Open The TapsIrina...

Miao Wei, former minister of industry and information technology, said a lesson from the global chip shortages is that China needs a strong indigenous auto chip industry."Competition" coming.ECNSMany hands to shape China's chip dreamsChina Daily (Chinese state-sponsored media)

Asia Times (Important! No one wants a basket case, especially one full of neo-Nazis. The US is begging Russia to take it.)Why Russia won’t invade UkrainistanDavid P. Goldmanhttps://asiatimes.com/2022/02/why-russia-wont-invade-ukrainistan/AxiosBiden and Putin agree "in principle" to hold summit, Macron's office saysRebecca Falconerhttps://www.axios.com/biden-putin-agree-in-principle-to-hold-summit-macron-24b5e9de-4aab-4142-b2ce-d293f53c6bd5.htmlTASS (Russian state media)French TV channel...

There are some Op Eds that are bad, and then others that transcend that standard to become terrible. Such was the case last week when I read this article in the Australian press (Sydney Morning Herald) (February 18, 2022) – It’s time to return to Costello economics, whoever wins the federal election – which was written by a former advisor to the last Labor Prime Minister in Australia. The article is dishonest in that it completely ignores the most significant aspects of the period he seeks...