Mike Norman Economics

Backgrounder.Russia ObserverTHE ARCTIC OCEAN IS A RUSSIAN LAKEPatrick ArmstrongSee alsoTASSMoscow presumes that US under Biden to regard Russia as an adversary, says ambassadorTASSPutin signs decree to transform Northern Fleet into military districtTASSPutin says Army’s provision with advanced weapons guarantees Russia’s securityTASSAI use in controlling weaponry in future will largely determine battle outcome — PutinTASSPutin instructs to focus on developing all components of nuclear...

As if it mattered. Seems like almost no one understands how the system actually works.Wall Street On ParadeResearch Arm of Congress Confirms that Mnuchin Never Released Bulk of CARES Act Money Earmarked for Fed’s Emergency LoansPam Martens and Russ Martens

Nas Dailly says that the English speaking Aljazeera puts out liberal views, but for its own domestic audience back home it does the opposite. Could this be happening with other state broadcasters? [embedded content]

So WE do mRNA now of course THEY have to do mRNA... they are not spies and hackers and “strategic adversaries!”....  they are deranged stalker USD zombies...  get a life already...China’s First-Ever mRNA #COVID19 Jab Plant Breaks Ground https://t.co/WppoowxzFF pic.twitter.com/XwDu64tKCb— Yicai Global 第一财经 (@yicaichina) December 21, 2020

China is getting a grip on its financial centre before it's too late. China should consider further tightening control over fintech giants by restricting the number of banks they can partner with, the Securities Times cited a former finance minister as saying.Lou said China needs to prevent a “winner-takes-all” and “too-big-to-fail” situation in fintech, according to the report. He joined a chorus of voices from the nation’s top financial regulators vowing to step up oversight over the...

 If it wins FDA approval next year, the two-part sensor could help spot new infections weeks before symptoms begin to show.I'm was arguing with the anti-vaxxers on twitter who say Bill Gates is going to inject everyone with biochips. I laughed, then this turns up. The sensor has two parts. One is a 3mm string of hydrogel, a material whose network of polymer chains is used in some contact lenses and other implants. Inserted under the skin with a syringe, the string includes a specially...

On December 10, 2014, I wrote this blog post – Trickle down economics – the evidence is damning. The discussion was about how inequality undermines growth and that redistribution of national income towards higher income groups does not stimulate income growth for lower income groups. It provided evidence that destroys the basic tenets of mainstream economics and supports a wider social and economic involvement of government in the provision of public services and infrastructure, particularly...

Except the policy of central bank lending rather than fiscal spending is not MMT. More confusion about what MMT is. Hint: It is not about "printing money."Zero HedgeGhana Becomes First Country To Officially End MMT ExperimentTyler Durden

 Chile "reform" fail?Strategic Culture FoundationIn Chile, Resistance Is Criminalised and Perpetrators of Crimes Against Humanity Are AbsolvedRamona Wadi

BS Watch. Retired CIA officer Ray McGovern points out the obvious lacunae in the narrative.Consortium NewsA Pandemic of ‘Russian Hacking’Ray McGovern, co-founder of Veteran Intelligence Professionals for Sanity, and retired 27-year career CIA whose tasks included preparing and briefing The President’s Daily Brief and leading the Soviet Foreign Policy Branch, and Joe Lauria, foreign affairs correspondent and investigative reporterSee alsoThen there is Military.com’s article, “Why Russia’s...