Mike Norman Economics

Basel III new regulations start on Monday and lots of people say this will be very bullish for gold. They may be disappointed. 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/

Two Marxian economists critique MMT. I want to stress that because people often do not realise it. And more broadly, both MMT and Marxism offer a challenge to the aggressive capitalism of the last four decades.However, there are crucial differences between us, which Nicolás and I brought out in our paper. They also go back a long time. The most fundamental difference has to do with what money is, and that is not a minor issue. People might think it is a bunch of academics disagreeing about...

 The rationale for capitalism as a socio-economic system based on individualism. (No systems awareness.)In his final letter to shareholders as Amazon CEO, Jeff Bezos offers a novel — and profoundly disturbing — conception of value creation: a handful of visionaries are the sole source of all “real value.” This aristocracy mercifully blesses customers, clients, and even Amazon workers with social goods.JacobinThe Bezos Theory of Value Is Deeply DisturbingWilliam Banks

Good summary of the blow-by-blow in relation to UNCLOS (United Nations Convention on the Law of the Sea)Britain and the US caught lying rather than admit they got outplayed (again).The Vineyard of the SakerSailing into Black Sea trouble: the right of innocent passage (with some caveats of course)Nat South for The Saker blog

Scary! Chinese media released unique footage of the deadly border clash between Chinese and Indian troops in the disputed Western Himalayas region last June. The incident left four Chinese and 20 Indian soldiers dead.The video shows a massive force of Indian troops advancing on a significantly less sizeable Chinese unit while crossing a mountain river.The release of the previously unseen footage comes after the Chinese military broke its eight-month silence on the event. The two nations have...

 I think Thoughty 2 is right. I remember when I was young often buying a naff record but because I had paid money for it, I would persevere and keep playing it, then, after a while, I would often start to like it. After that, I would zoom around my mates house all charged up about this great new band I had discovered, only to be greatly disappointed when my friend didn't like it much either, but within a week or two, he's right into it as well. Nowadays, though, with streamed music, if it...

Wilson’s appointment as president and CEO of the NED may help governments around the globe better explain to their respective populations the danger the NED poses and the necessity of legislation to inhibit or entirely ban the organization and those taking money from them from within their borders.Gershman – for nearly 40 years – oversaw an NED attempting and ultimately failing to put a velvet glove over CIA-sponsored regime change. Wilson will be overseeing an NED unable to hide behind such...

John Helmer provides the evidence about what really happened, which you won't read in Western media.  This is what "red line" means.Dances with BearsThe British Navy’s Crimean Cape Caper Ends Up Like The Bornholm Bash, Baltic Bluff, Blinken BlinkJohn HelmerSee alsoSputnik InternationalRussian Military Warns US, UK Not to 'Tempt Fate in Black Sea' in Wake of HMS Defender IncidentSee alsoMoon of AlabamaExperts: British HMS Defender Stunt Near Crimea Was Patently IllegalRelatedTASSRussian...

Since June 14, the US authorities have banned American investors from buying government bonds issued by the Russian Central Bank, the Finance Ministry or the National Wealth Fund on the primary market…TASSMoscow Exchange to reject US clients’ applications for OFZ bonds from June 28

India and China are trying to outpace each other in infrastructure development along their disputed Himalayan border. Incidents of threats from villagers have been reported on the Indian side. Villagers have demanded that the Indian government provide them with road, rail and electricity infrastructure; otherwise they will seek Chinese help...."Competition."Sputnik InternationalChina Launches First Electric Train In Tibet Near India's Border