Mike Norman Economics

Sounds logical from this description.From what I can gather, the aspects of the protests to which Beijing chiefly objects and which the new legislation addresses involved rioting, terrorism, insurrection, secession, and collusion with foreign governments that declare themselves adversaries of China and seek openly promote regime change in China by demonizing the ruling party.The US already dealt with this at the time of the civil war, and if such tactics were used in the US down, the...

An excellent article from Zero Hedge. Now we have Instagram type trading apps (Robinhood) to trigger instant highs and lows.Social media and gambling have the same addictive psychological mechanism: variable rewards — when you keep performing an action in hopes of getting a possible but unlikely reward. This is the type of behavior that’s the “most addictive and hardest to stop.” Zero Hedge  Tyler Durden - iAddiction: "I Was A F**king Mess Yesterday"

Denise Hearn is the co-author of 'The Myth of Capitalism.' The financial expert explains in this new video op-ed how capitalism and the American dream is largely a myth.  Additionally, inequality in America is on the rise as mega corporations take over the economy. 'Competition is dying in America,' Hearn argues, 'And capitalism without competition is not capitalism.' Hearn goes on to explain that it's happening across industries and it's resulting in the appearance of choice, but in reality...

Speech by Vladimir Putin to set the record straight and plan jointly for the future of a world in flux while under stress.The National InterestVladimir Putin: The Real Lessons of the 75th Anniversary of World War II Original at Rossiyskaya Gazeta

We don't need no stinkin' (government) debt. Issuing government securities that pay interest to offset deficits is not necessary operationally under the current floating rate monetary regime. Paying interest to park wealth in a "safe asset" constitutes a government subsidy for savers. Not being necessary operationally, it can be argued that it is wasteful unless it serves public purpose.AxiosDemocratic economist: US should run deficits without debt Felix Salmon interviews Stephanie...

Market correction starting on new coronavirus fears, but bank data starting to look better. 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.pitbulleconomics.com/podcasts/

Good luck with that.Sputnik InternationalPompeo Says If China Wants to Rise, It Should Do So Based on ‘Western Rules Set’ Also RTPompeo demands Europe ditch trade with China

Here is comes. Reaction to imperial(ist) overreach.Needless to add, Russia and China are also opposed.Sputnik InternationalBritain, France, and Germany Oppose US Effort to Re-Impose Sanctions Against Iran - Joint StatementBut...Facing deep recession owing to COVID 19, the EU decides to continue punishing itself economically and to continue to lose Russian markets to BRICS anyway.  "Brilliant," especially when sanctions are benefitting Russia by increasing self-sufficiency, on one hand, and...

Good summary with a few exceptions, the following quotation being the worst. The Federal Reserve is in charge of adjusting interest rates and private banks’ “reserves,” which theoretically determines how much money they can carry. Then the banks lend that money out to their customers, often by adjusting their customers’ bank balance. In this case, the private bank has just conjured money out of thin air. But over all the author seems to have gotten what Stephanie Kelton explains for popular...

Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, delivered a strong warning on the U.S. currency this week.He made four points in a speech at the Lujiazhui Forum in Shanghai:  A. The Fed is the de facto central bank of the world. When its policy targets its own economy without considering the spillover effect, the Fed is “very likely to overdraft the credit of the dollar and the U.S.” B. The pandemic may persist for a long period of time, and countries keep...