Mike Norman Economics

“In the future, Brown said here last week, “all formations will have to become multi-domain or they’ll be irrelevant, [but] it’s going to be years before it can happen.” The Army’s goal is modernize enough forces to wage multi-domain warfare against either China or Russia — but not both at once — by 2028.” (Breaking Defense)….TurcopolierMulti-Domain Operations: A Developing Doctrine – TTGThe Army is nearly tripling electronic warfare personnel – TTG

 Professor Sam Vaknim says Narcissists and psychopaths are everywhere, and that they tend to rise to the top of many professions, such as politics, the clergy, the military, law enforcement, etc. He himself suffers from narcissism, and it is this that led him to study psychology. He says it's caused by faulty relationships with parents during childhood.Narcissistic Personality Disorder (NPD) is a serious, often undiagnosed condition, frequently related to abuse in childhood. In many cases...

The data release from the Australian Bureau of Statistics of the – Australian National Accounts: National Income, Expenditure and Product, March 2021 (released June 2, 2021) – shows that the Australian economy grew by a healthy 1.8 per cent in the March-quarter after growing by 3.2 per cent in the December-quarter 2020. Further, the economy is now 1.1 per cent larger than it was at the outset of the pandemic in March 2020. Household consumption growth is positive but subdued. Fiscal support...

GOP looking at Sinema and Manchin  as solid  allies on this... no break of filibuster and reconciliation till the fall beginning of FY22 means we get full effects of debt ceiling reinstatement July 31 and then 2 or 3 months of operating under “extraordinary measures”...Biden Takes Rare Swipe At Manchin And Sinema As Senate Nears Filibuster Fight https://t.co/lvyfqWiizq pic.twitter.com/8hLy1faZZc— Forbes (@Forbes) June 1, 2021

 For all those libertarians who hate fiat money.Like fiat currencies, Bitcoin is not backed by any physical commodity or precious metal. JOHN P. KELLEHER - Why Do Bitcoins Have Value?.

 Either way, they're in it! 

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John V. Walsh explains how the US is on a collision course with China.Dissident VoiceThe Chinese Dreamers vs. the U.S. HegemonJohn V. Walsh , formerly Professor of Physiology and Cellular Neuroscience at a Massachusetts Medical SchoolSee alsoThis article does not present the best argument, but the idea of risking over-extension has legs.Sputnik InternationalBiden's Budget: US Entering New Stage of Great Power Rivalry, Risks Stretching Thin, Observers SayAlso from Sputnik:Biden to US...

Chinese President Xi Jinping sent Bashar Assad a telegram with congratulations on the latter's re-election as Syrian president and pledged all possible assistance in the economic recovery of the country, China Central Television reported."China strongly supports the sovereignty, independence and territorial integrity of Syria, will provide all possible assistance in the fight against the COVID-19 epidemic, in revitalizing the country's economy and improving the lives of the population, will...

Lots of "neutrals." Flows may change. A powder keg waiting to blow.