Mike Norman Economics

While the Trump administration intimates that this will not be the last, the Bolivia case is merely the latest in a long line of U.S.-backed coups in the region. Historian and former State Department employee William Blum calculated that the U.S. has overthrown over 50 governments since 1945, many of them in the region it considers its “backyard.” For example, in 2009, the U.S. supported a coup against the leftist government of Manuel Zelaya, blocking any regional or international response....

The MSM isn't mentioning -In contrast, there was no coverage at all in US corporate media of the detailed new report from the independent Washington-based think tank CEPR, which claimed that the election results were “consistent” with the win totals announced. There was also scant mention of the kidnapping and torture of elected officials, the ransacking of Morales’ house, the burning of public buildings and of the indigenous Wiphala flag, all of which were widely shared on social media and...

Max Blumenthal and Ben Norton are excellent investigative reporter who are familiar with the region. They provide a fairly detailed analysis. Longish. It appears that the Bolivian coup was not only based money and power, but also motivated by racism and fascism, similar to the coup in Ukraine. This will further erode US soft power internationally and especially in the Global South and East, which are non-white. The New Dark Age — William BowlesBolivia Coup Led by Christian Fascist...

The events effectively used the Venezuela blueprint – street protests in major cities by the right-wing, attacks on ruling party activists, denial of legitimacy by the US & Co, pressure on the army to end support for Morales. Using the OAS to delegitimise Morales, he was proposed to leave for Mexico. As a result, what did not work in Venezuela, where all this instrumentation, including the president appointed by Washington, was designed to overthrow Maduro, as a whole worked in Bolivia,...

One of the stark facts about the academic economics discipline is its insularity and capacity to deliver influential prognoses on issues that affect the well-being of millions with scant regard to the actual consequences of their opinions and with little attention to what other social scientists have to say. The mainstream economists continually get things wrong but take no responsibility for the damage they cause to the well-being of the people. A 2015 paper – The Superiority of...

Asset purchases by the ECB is making it difficult for Depositories to increase residual value (Regulatory Capital) as Reserve Assets created by the CB asset purchases create an associated deposit liability at the Depositories....  the numerator (A-L) remains unchanged...lol then right on cue the unqualified moron platonist Art Degree people trying to run the thing have to resort to figurative language to attempt to explain what they think is going on: “When you are building something that...

Signed up with the Peterson people a while back:Michael Bloomberg To Chair Campaign To Fix The Debt http://t.co/dHLAT2dh— Christopher  John (@thetechguychris) December 13, 2012

An excellent video! Evo Morales called for new elections with more international observers, but the elite weren't interested. [embedded content]

Is the universe conscious? Some scientists are beginning to wonder. This means that mind is matter, and that even elementary particles exhibit incredibly basic forms of consciousness. Before you write that off, consider this.  Consciousness can vary in complexity. We have good reason to think that the conscious experiences of a horse are much less complex than those of a human being, and that the conscious experiences of a rabbit are less sophisticated than those of a horse. As organisms...