Mike Norman Economics

Gilbert Doctorow — International relations, Russian affairs (excellent analysis by a Russian speaker.)Blinken and Lavrov meeting in Geneva: two steps forward and one step backGilbert Doctorowhttps://gilbertdoctorow.com/2022/01/22/blinken-and-lavrov-meeting-in-geneva-two-steps-forward-and-one-step-back/Sputnik International (note that this is the US negotiating for Europe instead of Europe for itself.  Qatar: difficult to make up for Russian gas. If Russian energy becomes unavailable, prices...

Who you got tonight?

The British establishment managed to spin the lie of antisemitism in the British Labour Party. The Western establishment have managed to make their populations believe that the Uyghurs were brutally thrown into concentration camps. Did you see that footage of a little girl behind a metal fence and her mother on the other side kneeling down talking to her while she sobbed her eyes out? "Separated for the re-education camps", said the headlines, but I saw footage afterwards of the mother and...

A good interview! Ukrain is discussed in the second half. Hitler stormed Russia from the Ukraine border in WW2, which caused around 20 million Russians to lose their lives, so they are rightly concerned about the security of its borders. On this episode of Going Underground, we speak to legendary journalist and filmmaker John Pilger. He discusses the scandal surrounding Boris Johnson over Downing Street parties during Coronavirus lockdowns, growing US tension with Russia over Ukraine amid...

You can read the report yourself. There's a link given. In 2020, ASPI, or the Australian Strategic Policy Institute, released a report claiming to have uncovered the widespread use of Uygur slave labor in Chinese factories. The report, Uyghurs for Sale, went on to gain huge traction in media and government circles, ultimately leading to the popular belief today that Xinjiang’s Uygur people are forced to work against their will. This has had huge ramifications, including but not limited to...

Consortium News [US finally has to make decisions that affect it too and is playing for time]UKRAINE CRISIS: US ‘Toolboxes’ Are EmptyScott Ritter, former US Marine Corps intelligence officer, serving in the Soviet Union as an inspector implementing the INF Treaty, on General Schwarzkopf’s staff during the Gulf War, and from 1991-1998 as a UN weapons inspectorAntiWarGodot Likely To Arrive Before Russia Invades UkraineRay McGovern, co-founder of Veteran Intelligence Professionals for Sanity,...

All this Fed “hawkish” rhetoric already causing a reduction in the Depository regulatory asset values this from H.8 as of 2 Wednesdays ago:Probably down another few $B this week so probably -$15B or so…4Q 2018 these losses reached about -$40B equities sold off about 20% so if we’re at -$15B we’re going to see the current 8% or so reduction at this point… sounds about right…Plus Mike is reporting we’ve gone into a short term fiscal surplus this month with Fed still adding 100s of $B system...

Weaponising the dollar will only catalyse this process of de-dollarisation. The basis of any financial system or fiat currency is trust. The British pound bears the legend “I promise to pay the bearer one pound” as the note is not money qua money, but a note of promise to pay money to the holder of the note, originally in the form of gold. Using money as a weapon undermines this trust. The use of dollars as the currency of preference gives the US enormous geopolitical power and at the same...

Federal government running a surplus. Stagnation now.

For four decades, mainstream economists have slammed the door on the idea that the US government might intervene to manage the prices of certain goods. But this reactionary mindset has no sound basis, and today’s inflationary episode should be an occasion for reconsidering the question....Project SyndicateThe Case for Strategic Price PoliciesJames K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public...