Mike Norman Economics

Michael Roberts reviews and critiques The Debt Delusion by John Weeks.Michael Roberts Blog — blogging from a marxist economistThe debt delusionMichael Roberts

LOL what do these Bloomberg journo morons think the Fed has been doing by reducing system Reserves by $50B/mo for the last 3 years?????Ever take a f-ing Accounting course you unqualified assholes????? Even as hedge funds and smaller broker-dealers lean more heavily on the biggest U.S. banks for borrowing in repo markets, the lenders’ cash holdings have been declining https://t.co/ug3c7LTkUz pic.twitter.com/mqOXz5vn92 — Bloomberg Markets (@markets) December 10, 2019

Retired Australian diplomat Tony Kevin, in conversation with former Australian Foreign Minister Bob Carr, says the West is unnecessarily determined to undermine Russia.De At an event last week in Sydney, Kevin and Carr discussed how the West, led by the United States, has been on an aggressive campaign to destabilize Russia, without cause. When Kevin said he returned to Russia after more than 40 years in 2016 he realized he “had to take sides” in the U.S.-Russia standoff when all Nato...

OilpriceChina Is Winning The Offshore Oil Game Julianne Geiger Zero Hedge'A Clear Abuse': Barr, Durham Object To IG FISA Probe Findings In Stunning Statements Tyler Durden John Solomon ReportsJust how bad was the FBI’s Russia FISA? 51 violations and 9 false statements John SolomonSana (Syria)The interview that Italian Rai News 24 refrained from broadcasting… Zero HedgeChina's Central Bank To Lead Real-World Pilot Of Digital Yuan: Report William Suberg via CoinTelegraph.com Sputnik...

There was an IMF paper released in April 2018 – The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data – that had a long title but a fairly succinct message. It indicates that the IMF is still in a sort of schizoid process where the evidential base has built up so against the political voice and practice that the IMF has indulged itself as a front-line neoliberal attack dog that elements in its research division are breaking ranks and...

Oxfam Blogs — From Poverty to PowerLinks I LikedDuncan Green, strategic adviser for Oxfam GB Reminiscence of the FutureAnd This Is The News Exactly How?Andrei Martyanov Anti-EmpireChina Just Opened the Suez Canal of Our Era and No One Blinked Geoffrey Aronson Fort Russ NewsChina will remove US technology from government computersPaul Antonopoulos People's DispatchArgentine delegation confirms crimes against humanity committed by Bolivian coup regimeVenezuelanalysisVenezuela’s Civilian...

The economics of money is back in the limelight. Even five years ago, I cannot imagine that a lecture on money and the payment system could have been a subject for an event like today’s. Theoretically speaking, money is a social convention. People accept money in the expectation that everyone else will do the same. According to this bare-bones definition, anything could serve as money provided that everyone, as it were, buys in. In economic parlance, this equilibrium analysis gives rise to...

Asia TimesWhat really Happened in Iran? Pepe EscobarThe Vineyard of the SakerAmerica’s troops love Russia, and Kremlin mind control is to blame – Pentagon officials The Saker

I got NATO countries to pay 530 Billion Dollars a year more, and the U.S. less, and came home to a Fake News Media that mocked me. Didn’t think that was possible!

This broadcast went out live on air where two commentators talk in glowing terms about Jeremy Corbyn. When the show was re-broadcasted an hour later, the BBC removed this segment.I recently tweeted this about Jeremy Corbyn : There's definitely something special about him. He's modest and yet he stands up to the toughest. Even Gordon brown says he's a phenomenon. Gordon Brown now supports Jeremy Corbyn, and says New Labour got it wrong about neoliberalism. A newspaper editor’s frank...