Mike Norman Economics

 The increase in value is reminiscent of a pyramid scheme where investors constantly hope that others will value the asset ever higher.When bitcoin regains its true value, the awakening could be brutal for many. It is not only the cryptocurrency that has a limited volume, but also the number of people who are tempted to join pyramid schemes.The Financial Times Bitcoin lacks a solid foundation as an international currency

With benefit cuts starting we'll see if the negative impact will be enough to slow the economy and send the market significantly lower. 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/

 All my life I have been able to visualize things quite easily, but 10 years ago I discovered to my surprise that many people can't. I put out a post here around a year ago where Jordan Peterson was saying that a third of the population think in pictures, a third think in words, and the last third think in both, which is what I do. In this article it even says that some people, although rare, are unable to play music in their heads either. Over the 16 years since that first patient, Zeman...

 In the last 10 days, people in the Washington, D.C., metro area have been reporting increasing numbers of sick, blind, injured, and dead birds. For the most part, they have been juvenile Common Grackles, European Starlings, and Blue Jays.“Eye issues were reported in what otherwise looked like healthy juvenile birds, causing blindness and the birds to land and stay on the ground,” said the Animal Welfare League of Arlington in a statement. “Animal Control is now seeing additional species of...

 Biosecurity expert Gabriel Gras supervised the construction and accreditation of the Wuhan Institute of Virology’s BSL-4 laboratory in 2017He says he has ‘no doubt’ about the safety of the facility, despite growing scrutiny over the possible role of a lab accident in the origins of Covid-19A former French government official who oversaw safety standards at the Wuhan Institute of Virology’s maximum security laboratory ahead of its opening has dismissed the theory that Covid-19 escaped from...

AbstractCentral bank digital currencies (CBDCs) could ease current frictions in cross-border payments – and particularly so if central banks factor an international dimension into CBDC design from the outset. Based on a survey of 50 central banks in the first quarter of 2021, this paper explores initial thinking on the cross-border use of CBDCs. While most central banks have yet to take a firm decision on issuing a CBDC, the survey responses show a tentative inclination towards allowing use...

 The Franklin Cover-upThis documentary was made by Yorkshire Television but it got pulled when lawyers won a court battle on behalf of those accused. All copies of the film were ordered to be destroyed too, but this rough unedited version later turned up on YouTube. To be accused of a terrible crime you didn't do is a horrendous thing, so you always have to be careful about this sort of thing. John Decamp - who was a Republican politician and a lawyer - did all the original research.I think...

 The Cold War is over. So why, Paul McGinnis wanted to know, are major CIA, NSA, and Department of Defense programs still being kept secret from Congress and US taxpayers?In Blank Check, Weiner argued that the black budget represented an entire culture of deception - "the realm of nukes and spooks," he called it.Black budgeting, its opponents argue, is more about hiding from Congress and the public than from any foreign enemies....the details of the black budget are revealed to only a few...

There should be little doubt that the timing is intentional: China on Thursday passed its sweeping new law to 'safeguard' Chinese businesses and entities from Western and especially US sanctions, just hours ahead of President Joe Biden sitting down with G-7 leaders in Cornwall to argue for a common stance on curtailing China's influence....Zero HedgeWestern Companies "Shocked" After China Rushes Through Anti-Sanctions LawTyler DurdenSee alsoVisual CapitalistRCEP Explained: The World’s...

European countries like Germany, France, Italy, Spain, Portugal, Greece, etc, are no longer currency issuers. Under these conditions they should have higher risk premiums on their bonds. But that's not the case. 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:...