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Mike Norman Economics

Links — 6 June 2021

Moon of AlabamaRoman Protasevich, Casualty Of The Ryanair Incident In Belarus, Is Spilling The BeansUFO Reports Are Fertilizer For Military BudgetsSputnik International (Russian state-sponsored media)China’s UFO Task Force 'Overwhelmed' by Reports of Mysterious Sightings, Report SaysRT (Russian state-sponsored media)Germany warns EU ‘cannot work’ if member states keep obstructing policy, as Hungary once-again blocks statement condemning China‘Actions, not promises’ required to restore...

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Gu Li – Back Home to Visit My Parents vlog

 Gu Li is a Uyghur whose account was suspended by Twitter. Her account wasn't very old and it showed what daily life was like in Xinjiang, but I think Twitter felt that the CPC was involved in her account, or they used this reasoning as an excuse to suspend her account. She always seemed pretty genuine to me. Anyway, I'm posting this video because you can see how middle-class life in China is very similar to middle-class life in the West, and from what I can tell, the Chinese smile a lot...

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Off the Rails: New Report by Corporate-Funded Think-Tank Reveals How Profit-Driven Motives Drive New Cold War against China

The same report paradoxically acknowledges the failure of the economic model the U.S. has tried to impose on the rest of the world China's successful mixed economy model, with the state providing low cost services to the public and industry, is seen as a threat to the Western elite and Wall Street, who believe they should profit from everything themselves - which was the drive behind the neoliberal privatisation - even when their system was shown to be expensive and inefficient. Rather than...

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CULTURAL SHOCK or returning to Russia after the US / Why Russians don’t smile?

 I can't imagine not smiling all the time.A year ago I went to the United States due to the exchange program. It was a cultural shock for me because people there were very smiling and polite, while I was used to more reserved behavior in Russia. After 8 wonderful months in America I returned to my homecountry and then I had the reverse cultural shock. My compatriots seemed to me extremely sad, dull and rude. In this video I'm reflecting on my American experince and I am trying to understand...

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Basel 3 and gold

This looks like mostly an accurate assessment, if the regulatory modification is now going to allow Depositories to include a % of physical gold holdings as Tier1 assets priced in the reporting currency terms:  “Another benefit for the owner of precious metals will be the absence of monthly metal-smashing done by those trying to manipulate prices lower as option expiry periods get close. When banks hold physical metal as a primary reserve asset, they benefit more from gold’s rise than from a...

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Anya Parampil – US kidnaps Venezuelan diplomat: the case of Alex Saab

 Red Lines host Anya Parampil speaks with attorney Femi Falana about the shocking case of Venezuelan diplomat Alex Saab, who has been kidnapped for the crime of violating illegal sanctions in order to feed his country.Under pressure from the United States, Cape Verdean authorities arrested Saab in June of 2020 when he stopped in the country to refuel his plane while en route to a humanitarian mission in Iran. The US is seeking to extradite Saab over money laundering charges, however Falana...

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