Mike Norman Economics

Bannon on FIRE!!! Bannon: Henry Kissinger has been the mouthpiece and the prop for the #CCP from the beginningKissinger and the Davos Men have blood on their hands; it's all going to come out#WarRoomPandemic #CCPVirus #30DaysToSaveAmerica?https://t.co/HuZDFNTwiv pic.twitter.com/pNV6HX8p9K — War Room: Pandemic ☣️ (@WarRoomPandemic) April 6, 2020

We're not out of the woods yet...  Fed regulatory leverage modification of last Weds. not yet agreed to by the OCC and the FDIC... "stove piped" regulatory situation...Complete incompetence...All we have with the Fed action last week was immediate avoidance of GFC2... system still stuck here with only the Fed modifying a total leverage limitation..And another thing is that Treasury has increased the TGA by about 300B over the last week reducing Reserve Assets while Fed is still on a jihad...

"The Fed can essentially lend to anybody" based on its emergency powers. Zero Hedge"The Fed Can Lend To Anybody": Watch Live As Bernanke Holds Virtual Discussion On US Economy Tyler DurdenSee alsoZero HedgeIn "Unprecedented" Move To Ease Conditions, ECB Cuts Collateral Haircuts By 20%, Will Accept Greek Debt As CollateralTyler Durden

I did an extended interview over the weekend and during that interchange it became obvious that when a newcomer encounters the concept of the – Job Guarantee – for the first time, they may only see it in a narrow way, as a job creation program and fail to see it the way that the concept was developed as an integral part of Modern Monetary Theory (MMT). When I started talking about the era in which I had first started thinking about using buffer stocks to maintain full employment, it became...

I loved the ELO's 10538 when I was young and I still play it occasionally today. For some of us, it's an amazing racket, a stunning cacophony, and an incredible song, but sadly they never made anything else quite like it.One guy on YouTube said it has one of the best intos ever, but I said it also has one of the best endings ever, which sounds like some massive grandfather clock grinding to a halt.The first video is the song itself, which is even crazier than the song, but the second video...

Rare backwardation in gold. Usually bearish over time. 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/

Up to last Friday I had been battling with the climate change deniers for weeks on twitter, but this week I'm battling with the Covid-19 conspiracy theorists instead. That includes Richard Werner, The Off-Guardian, Eva Bartlett, Vennessa Beely,  Peter Hitchens, and Piers Robinson, amongst others. I've posted a lot of articles by these people here in the past but now I wonder about their judgement. I saw more disturbing video footage today on twitter. It was from The Islamic Funeral Service...

As a keen cyclist I thought I might be better protected, but maybe that's not the case. I've had a mild cough for six weeks too.Coronavirus patients who live in cities with higher levels of air pollution may be at significantly higher risk of death from the disease, a new study finds. Coronavirus patients in areas with high air pollution more likely to die: research://t.co/xS0ONz5Pun

Once the vaccine is developed, it will take at least 90 days to complete the regulatory process and potentially more to enter the marketplace. Jerusalem Post  Israeli scientists: 'In a few weeks, we will have coronavirus vaccine'

So far charity is doing the heavy lifting... there has yet been ZERO fiscal response...Food Banks:Miles-long row of cars waits near Florida food bank as demand surges https://t.co/2yxlpN78cI via @MailOnline— Patrice Boivin (@PatriceBoivin) April 7, 2020 Apple Computer donating all the face shields:Tech giant Apple will reportedly produce 1 million face shields per week for medical workers, according to CEO Tim Cook. https://t.co/jmOVw8cYgA— Breitbart News (@BreitbartNews) April 7, 2020...