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Mike Norman Economics

Links — 25 Nov 2019

Caitlin Johnstone — Rogue JournalistSurprise! MSM Spins OPCW Leak As Russian Disinfo Caitlin Johnstone CounterpunchSanctimonious US Senators Condemn Hong Kong Police Ignoring Far More Brutal US Cops David Lindorf Craig Murray BlogInterfering with Laura Kuenssberg Craig Murray, formerly British ambassador to Uzbekistan and Rector of the University of Dundee John Solomon ReportsA dozen document troves that could change the Ukraine scandal if Trump released themRT‘We did not boycott US...

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RT — Anti-Russian sanctions based on fraudster’s tales? Spiegel finds Magnitsky narrative fed to West by Browder is riddled with lies

British*investor Bill Browder has made a name for himself in the West through blaming Moscow for the death of his auditor, Sergey Magnitsky. Der Spiegel has picked apart his story and uncovers it has major credibility problems. * Bill Browder is an American-born ex-pat living in London. He gave up his American citizenship for British.RTAnti-Russian sanctions based on fraudster’s tales? Spiegel finds Magnitsky narrative fed to West by Browder is riddled with liesSpiegel OnlineWie wahr ist...

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Brazil Aims For $18 Billion From Its Sale Of Key Refinery Assets — Tsvetana Paraskova

In late April, Petrobras approved the sale of eight refineries as part of its divestment plan. In May, the energy firm struck a deal with the Brazilian antitrust regulator that will allow it to sell those downstream assets in a bid, the company said, to encourage greater competition in the industry.... OilpriceBrazil Aims For $18 Billion From Its Sale Of Key Refinery AssetsTsvetana Paraskova

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A New Pipeline Could Undo America’s Influence In Asia — Simon Watkins

From the moment that the U.S. re-imposed sanctions in earnest on Iran late last year, Pakistan has been looking at ways to resuscitate a deal that had been agreed in principle before the U.S. unilaterally withdrew from the Joint Comprehensive Plan of Action (JCPOA) last May. This deal involved moving as much gas as Pakistan needs from Iran’s Asalouyeh into Pakistan’s Gwadar and then on to Nawabshah for further transit if required. At the same time, China has been in long-running discussions...

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Venezuela Unveils First Gold Processing Complex in Mining Arc — Paul Dobson

The Venezuelan government has launched its first gold processing complex as part of efforts to overcome US-led sanctions. According to government sources, the Manuel Carlos Piar Complex in Matanzas, Bolivar State will initially process twenty kilograms of gold per month. When completed, it will reportedly have a capacity of 200 kilograms a month, which would make the complex the fifth largest in Latin America. The installation employs 150 workers and is made up of nine heap leaching plants...

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Who Pays the Tax on Imports from China? — Matthew Higgins, Thomas Klitgaard, and Michael Nattinger, FRBNY

Tariffs are a form of taxation. Indeed, before the 1920s, tariffs (or customs duties) were typically the largest source of funding for the U.S. government. Of little interest for decades, tariffs are again becoming relevant, given the substantial increase in the rates charged on imports from China. U.S. businesses and consumers are shielded from the higher tariffs to the extent that Chinese firms lower the dollar prices they charge. U.S. import price data, however, indicate that prices on...

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Steve Keen – Renegade Inc: Lies, Damn Lies and Climate Statistics

Steve Keen says do away with economists and a modern ecomomy will run perfectly well without them, but you couldn't do away with engineers or scientists. Spot on!It will come as no surprise that a recent poll indicated that economists are amongst the least trusted professionals. They've made blundering mistakes on everything from claiming financial crises can happen to not facing the most obvious recessions. But all that pales into insignificance when inept economists get involved in...

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Bill Mitchell – [Annotated] Interview with Asahi Shimbun in Tokyo – November 6, 2019

During my recent trip to Japan, where I made several presentations to various groups, including a large gathering in the Japanese Diet (Parliament), I received a lot of press interest, which is a good sign. I am slowly putting together the translated versions of some of the print media articles. Today, I provide a translation (with my annotations) of an interview I did with the centre-left newspaper – Asahi Shimbun – on November 6, 2019 in Tokyo. This is a daily newspaper and is one of the...

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Links — 24 Nov 2019

Fort Russ NewsRussian intelligence: Events in Bolivia is an attempt to destabilize Latin America Paul Antonopoulos India PunchlineBereft of soft power, India stands diminished in Hindu Kush and Central Asia M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service Intel TodayDouma Attack — Internal OPCW E-Mail Reveals Crucial Omissions Ludwig De Braeckeleer RT‘Window is closing’: US Senate makes last-ditch effort to ax Nord Stream 2 pipeline Sputnik InternationalEvolution of...

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