Mike Norman Economics

More bluster.Defend Democracy PressSecretary of State Blinken Throws Down the Gauntlet to China and Russia… AgainRick RozoffAlso at DDPObama ‘deterred Russia from doing even more’ in Ukraine, Blinken claims as he’s grilled on US policy towards Moscow & Beijing

It is good that [Col.] Douglas Macgregor goes on record in this case and underscores the fact that Russia can and will, God forbids it comes to this, win conventionally, while the United States loses even in a nuclear conflict. But then again, in this case we all lose. Conveying this reality that the US has no good options against Russia is very important, especially to those people in current admin who have no clue about modern war and how it is fought--and that is the overwhelming majority...

Reminding of the insanity that passes for expertise and "gravitas."CaitlinJohnstone.com“CHINA BAD”, And Other Notes From The Edge Of The Narrative MatrixCaitlin Johnstone see alsoTASSCGTN presents "The War in the Shadows" - new documentary on fighting terrorism in Xinjiang

Issuing a warning, the head of America’s central banking system said, the risk that the Federal Reserve is keeping its “eyes on the most now is [the] cyber risk,” laying out a situation in which a hack could easily take financial institutions offline.While there are a number of potential cyberattacks that could cripple the US economy, the Fed chairman said the nightmare scenario for the US would be a hack that removes the ability of institutions to track payments being made and received,...

Lasso, a career banker, promised to offset the economic damage done under Moreno by doing a better job in attracting foreign investment and creating jobs in a more open economy, as well as heavily investing in agriculture.Whether he can do this remains to be seen. In 1999, he had a short stint as ‘Super Minister’ of the Economy under the government of Jorge Jamil Mahuad. That time was marked by significant economic turmoil and forced Ecuador to adopt the US dollar as its national currency,...

The explosive growth in foreign capital at Hainan FTP features three aspects: foreign capital utilization, the sharp increase in foreign investors and sources of foreign capital.Foreign capital utilization in Hainan has doubled for three consecutive years, with the total amount exceeding more than half the figure since the Hainan Special Economic Zone was established 30 years ago. The number of newly-set foreign-invested enterprises in 2020 has grown to 1,005, threefold that of 2019. Sources...

Shelter is a necessity, and so it is certainly an important component of the cost of living. However, the issue that we are concerned with is inflation, as well as the narrower issue of how to shelter should appear in a consumer price index (like the CPI).Different countries have different norms with respect to how shelter is provided, and those norms have changed over time. My comments here reflect the norms in Canada and the United States, but they should translate to other developed...

Longish, but detailed and well-written. Good backgrounder.Naked CapitalismThe War Nerd: Taiwan — The Thucydides Trapper Who Cried WoofGary Brecher [John Dolan]. Republished from the Radio War Nerd subscriber newsletter. alsoAnother historical backgrounder.Covert Action Magazine — Exposing Covert Action Since 1978Cold War On Trial: Truth Commission Details Horrible Crimes Akin to Native American Genocide and SlaveryJeremy KuzmarovAlsoFor a self-proclaimed citizen journalism outfit, an...

Remember on February 3, 2021, when the RBA governor Philip Lowe spoke at the National Press Club in Australia and told the audience that the Reserve Bank of Australia is not funding the federal government deficit, either in part, or, in full. This was in response to being asked whether the current situation that sees the RBA buying large swathes of government bonds are in any way consistent with Modern Monetary Theory (MMT). Well, since he gave that speech and answered questions from...

Article in a Russian publication says Zelensky is backing away from military confrontation with Russia. 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