Mike Norman Economics

"The Americans are the most propagandized people on Earth" - Daniel McAdams of the Ron Paul Institute.  Could lobbyists in Washington be working deliberately to provoke a new arms race for the sake of profits? Daniel McAdams of the Ron Paul Institute joins Rick Sanchez to discuss the flood of missiles, aircraft and warships with which Washington is eagerly arming its Pacific allies.[embedded content]

GOP still digging in…?MCCONNELL: "Let me make something perfectly clear. if [Democrats] dont need or want our input they wont get our help … with the debt limit increase that these reckless plans will require."— Jake Sherman (@JakeSherman) August 5, 2021

20 years ago my speakers stopped working when the rubber surround perished as they were over 20 years old. Fortunately, in modern speakers the rubber surround does not perish nowadays as the materials they used is much improved. Anyway, I went to audition a new set of speakers and I ending up buying some Tannoy R3's, but soon after that my 20-year old amplifier packed up too as the new speakers offered a different load (current draw), so I had to audition for a new amplifier too, and I...

 China’s Digital CurrencyIt won't replace cash.It does not use blockchain. Even people who do not have a bank account will be able to use it.Foreigners travelling in China will find it very easy to use. China's #currency is going digital, with a July report showing that more than 20 million personal wallets and over 3.5 million corporate wallets were opened as of June. The transaction value has already reached 34.5 billion yuan ($5.34 billion). What do those numbers tell us? What can digital...

The Boston Fed and MIT are building a CBDC from scratch that aims to usurp existing tokens Second, after the Fed releases a white paper “that will document the ability to meet reasonable goals with core processing”, it will “create an open source licence for the code”, as Eric Rosengren, Boston Fed president, recently pledged. This is an unusually open approach for the Fed, to put it mildly. US officials appear to hope that if their code is copied, it will improve it and — most crucially —...

The New York Times Editorial Board, it seems, rarely meets a coup backed by the US government that it doesn’t approve of. You must elect the correct democratic government - any other is void. Go back and try again. If you fail, we will install one for you!The US has overthrown so many foreign governments that Wikipedia editors feel their article about it is too long and unweildly to read. ???????Bolivian President Evo Morales was overthrown in a U.S.-backed military coup d’état earlier this...

Record cash in the banking system will mean bond yields will continue to fall, taper or no taper. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

 Millions of PCs could be dumped well before they need to be because of Microsoft. I have a four year old high quality PC that I built myself for making music on, but I won't be able to install Windows 11 on it. My Asus motherboard will also need a new driver too, and Asus don't make one. When installing Windows 10 a few years back, my Roland Midi controller needed a new driver to work with it, but Roland did not make one. Fortunately, a guy on YouTube showed you how to alter the driver,...

More brinksmanship… Democrats don’t want to be seen as solely responsible… I assume a CR by definition puts us into October…NEW?Senate Dems will likely EXCLUDE a debt limit hike in their budget resolution. Instead, they’re eyeing a must-pass CR as the next opportunity for action, relying on GOP support.Major political implications: https://t.co/XkvkAkEJJJ— Caitlin Emma (@caitlinzemma) August 4, 2021 GOP still saying no way Jose…. C’mon everybody! Let’s hear it!   all together now!...