Mike Norman Economics

Buffett's firm purchased 20.9 mln shares of Barrick Gold according to SEC filings. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

They’re a familiar sight exercising and meditating in suburban parks. A joint Foreign Correspondent-Background Briefing investigation delves into the world of Falun Gong and its mysterious leader. ABC looks into the Falun Gong, a group that disproves of both interrace marriage and homosexuality. Anna was brought up as a mixed race child in the Falun Gong, who later discovered that she was gay. She says her experience in the organisation caused her to suffer long lasting mental...

I can't understand what the women are saying, but it's a video about China by the Chinese themselves.I converted the YouTube commentary into English and it said it was an official Xinjiang channel. Yes, I know, it might not represent the real situation at all, but still, it's interesting. I'm checking more out. [embedded content]

But, in a world of magic where there’s talking snakes, floating brooms, jumping chocolate frogs, horcruxes and all that other fun stuff, guns probably are the least of any wizard’s worries. [embedded content] Someone Replaced All The Wands In The First ‘Harry Potter’ Film With Guns And It’s Very Funny

After the American led wars in the ME, which may have over half a million people dead, and the financial collapse in 2008, where it bailed out the bankers only, the US is hardly in a position to take the moral high ground, says Kerry Brown.  The Great Financial Crisis of 2008 only reinforced the message that the capitalist world was not even able to supply answers to the very things it still maintained the strongest claims to leadership on. As historian Adam Tooze has shown in clinical...

An American who posed as a Hong Kong, Chinese man - who wrote anti-China articles - has been outed by Grayzone.  The Grayzone said that Twitter user Kong Tsung-gan first emerged in 2015, with commentaries about the Occupy Movement. Until late last year, a black-and-white mugshot of an unknown Asian person was used as the account's avatar. In one blog post, he claimed he attended a Band 1 government school - which led readers to believe he was a Hong Kong native. "Kong," the author...

What about the economy? “This has never been done to save the economy. It’s been done to save public health,” says Tegnell. And that means public health in a broad sense, he adds, not just the coronavirus. That said, Sheridan’s spending comparison suggest that the economic impact was only slightly reduced by not imposing a more effective compulsory lockdown. “It’s very little in economic costs for saving a larger number of lives,” he says. New ScientistIs Sweden's coronavirus strategy a...

Here's what really goes on inside America's wet markets, where live animals are sold on the spot (warning: graphic imagery). [embedded content]

If some areas get immunity against Covid-19 sooner than expected, the world still faces huge challenges. Opinion by Tyler Cohen, professor of economics at George Mason University,Herd immunity relies on the superspreaders becoming immune, but new superspreaders are likely to arise.But there are caveats. First, many herd immunity hypotheses invoke the idea of “superspreaders” — that a relatively small number of people account for a disproportionate amount of the contagion. Perhaps it is...

.                  They went for herd immunity in Sweden, but one problem, no one wants to be part of the herd. It will be a few years before we know if whether Sweden’s approach was the right one or not. While most countries went into lockdown as Covid-19 spread rapidly across the world, Sweden took a different approach and allowed the controlled spread of coronavirus among the population in attempts to achieve herd immunity. They relied on individuals to responsibly social...