Mike Norman Economics

Looks like the Trump people are teeing up the Iran oil industry... To the Iranian government: If you want to stay in the oil business leave America and our allies alone and stop being the largest state sponsor of terrorism in the world. — Lindsey Graham (@LindseyGrahamSC) January 3, 2020

Bill Totten's WeblogChina’s YiWu: Business Models You’ve Never Even Heard of Larry Romanoff Originally at Global MonitorFast CompanyTo learn how police use facial recognition, we must ask the right questionsRob Pegoraro Angry Bear Killing Abu Mahdi Al-Muhandis J. Barkley RosserConsortium NewsPEPE ESCOBAR: US Kick Starts Raging ’20s Declaring War on Iran Reminiscence of the FutureA Delusional VP.Andrei Martyanov Sputnik International'And He Shot Lincoln, Yeah?' Twitterstorm as US VP Mike...

Oil export capacity of the new Corpus Christi port facilities is soaring...  Mike reporting crude exports thru the roof last EIA report here from Mike this week: Crude exports surged by 1.065 mbd to 4.462 mbd, a record. Product exports were down 57k bpd to 5.672 mbd. The combined crude and product export total was 10.134 mbd, a new record. Things Have Changed - New Terminals Boost Corpus Christi Crude Oil Exports - RBN Energy https://t.co/qF0kyYKSCD — MidstreamEnergy News...

The morons can't understand the abstractions of the Accounting Science so they have to think they are REAL...This is exactly what the Fed began doing in September with its "temporary" open market operations. https://t.co/zOnrTFvlq8— Luke Gromen (@LukeGromen) January 4, 2020

I don't have a big problem with this, which may surprise some since I self-identify as a libertarian of the left. How can this be consistent with personal freedom? The reason I don't have a big problem with it is three-fold. First, new technology will be used. End of discussion. The second reason is related to this. China is up-front about it and the West is not. There is virtually "total information awareness" in the West in the newly emerging surveillance state owing to the...

Current leadership in Iran won't negotiate: Iran never won a war, but never lost a negotiation! — Donald J. Trump (@realDonaldTrump) January 3, 2020 Related theory in this thread, maybe US retaliations will only kill those biased anti-negotiation in the leadership.. when we can get them...: Theory: 1- Those who have been following me for awhile would recall my tweets about attacks on oil tankers and Saudi oil facilities in which I argued that rogue elements in the Iranian regime do not...

So they tell us the assassination (& apparently all the other illegal US bombings on Iraqis that this is overshadowing) was to STOP attacks. Yet now they warn of retaliation, revealing that the logic was at best, very flawed. At worst, they lied, again. https://t.co/NGMhubeasB

This is a very good article explaining why the Anglo-American economic systems do not seem to work as well as the Eastern ones. The Eastern systems are based on the German model, and are more collective. What's good for the individual might not be good for the majority, and in the long run, not good for the individual either.The collective tends towards more long-term planning, even though some individuals may lose in the present. In this way, a collective economic system appears to be...

Occasional Links & Commentary Cartoon of the day David F. Ruccio | Professor of Economics, University of Notre Dame Craig Murray Blog ("Truth is the first casualty of war.")The Terrifying Rise of the Zombie State NarrativeThe USA Doubles Down on its Saudi Allegiance (important backgrounder) Craig Murray, formerly British ambassador to Uzbekistan and Rector of the University of Dundee The IndependentThe Syrian Conflict Is Awash With Chemical Warfare Propaganda Robert Fisk, Middle...

Max Keiser and Stacy Herbert interview Michael Hudson and Steve Keen. Transcript. Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismFront Running Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University