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Mike Norman Economics

Links — 21 June 2022 Part 1

Asia TimesBiden loses the inflation blame game (not MMT-compliant but useful anyway)David P. Goldman WorldDebunking The Disinformation About Putin’s Comparison Of Himself With Peter The Great ("The disinformation dimension of the MSM’s “reporting” was to decontextualize this, twist it around, and then misportray his words as some supposedly shameless admission of blatant imperialism in the 21st century." This is a commonly...

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Links — 20 June 2022 Part 2

Asia TimesUkraine – the situation  (June 20, 2022)Uwe Parpart Son of the New American RevolutionWill Russia Shift to a War Strategy?Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations...

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Artillery of June — Andrei Martyanov (video 31.21)

[embedded content]Artillery of JuneAndrei Martyanov, former USSR naval officer and expert on Russian military and naval issues. Martyanov was born in Baku, USSR in 1963. He graduated from the Kirov Naval Red Banner Academy and served as an officer on the ships and staff position of Soviet Coast Guard through 1990. He took part in the events in the Caucasus which led to the collapse of the Soviet Union. In mid-1990s he moved to the United States where he currently works as Laboratory Director...

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Links — 20 JUNE 2022 Part 1

Moon of AlabamaUkraine SitRep - Lysichansk Cauldron - Sinking Morale - More Provocations E. FullerSome hard thoughts about post UkraineGraham E. Fuller | adjunct professor of history at Simon Fraser University, formerly vice chairman of the National Intelligence Council at the CIA, and a former senior political scientist at RAND...

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Bill Mitchell — Eurozone anti-fragmentation confusion – its really simple – the ECB has to continue to fund deficits or kaput!

The French National Assembly results from the weekend are a good outcome. Not the best, but good, although the continued presence of the Right is disturbing. At least Macron’s group of Europhiles has lost its absolute majority with the new Left alliance becoming a viable opposition. The polarisation – with a surge from the Right and the strong performance of the real Left rather than the lite Socialist Party version – is indicative of what Europe has become – a fractured, divided, divergent...

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Michael Hudson — The Fed’s Austerity Program to Reduce Wages

To Wall Street and its backers, the solution to any price inflation is to reduce wages and public social spending. The orthodox way to do this is to push the economy into recession in order to reduce hiring. Rising unemployment will oblige labor to compete for jobs that pay less and less as the economy slows.This class-war doctrine is the prime directive of neoliberal economics.…Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismMichael Hudson: The Fed’s Austerity...

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