Mike Norman Economics

New fourth round of tariffs on Chinese goods will hit US consumers and firms especially hard, just as the US enters an election season. Who blinks first?Asia TimesMoment of truth approaching for Trump’s trade warNile Bowie

Next week, I am attending a meeting which I hope will finalise discussions I have been having with some key prospective partners in putting together a major MMT-Green New Deal initiative in Australia which will have global ramifications. It will bring together MMT with climate action and indigenous rights interests. We propose to begin a ‘roadshow’ in November to start our campaign. Our discussions to date have been very productive and we will issue a ‘White Paper’ in the coming months to...

The British Army of the 1980s was willing to control riots by shooting people. Now VICE can reveal a secret army file, which shows how British soldiers planned to deal with unrest when Hong Kong was still a British colony in the 1980s. The file, discovered at the National Archives, shows that the British army's plans to handle a similar situation were actually much worse. While the Chinese police used tear gas, the British Army would have preferred bullets. Vice Phil Miller - The...

Max Blumenthal and Aaron Maté' talk about the US coups in Latin America. The ruling elite are filled with gangsters, but people still vote for them believing that as they are the establishment then they must be honorable. They believe that they uphold law and order but that is far from the truth.Back from Honduras, The Grayzone's Max Blumenthal discusses the impact of US meddling over the last decade: a narco-President, Juan Orlando Hernández, recently named as a co-conspirator in a drug...

Just not anytime soon though — although it could happen faster than anyone thinks if conditions change sufficiently enough. Mechanisms are being put in place. Interesting post, but you probably know most of this already.The HillThe end of the dollar as we know it Andy Langenkamp, Opinion Contributor

Rick Sanchez gives an excellent lecture at the Ron Paul Institute. Very anti - imperialism and anti - war.Rick Sanchez delivers a wide-ranging address to the Ron Paul Institute wherein draws from his wealth of personal experience to discuss Washington’s age-old interventionist foreign policy, the complicity of the establishment media, censorship and political bias in the corporate news, the military-industrial complex, the role of the foreign press and more. [embedded content]

As Reuters reports, citing a decree published in an official bulletin on Sunday, the Argentine government authorized the central bank to restrict currency purchases. The decree includes major exporters, which will need permission from the central bank to access the FX market to purchase foreign currency and make transfers abroad. The central bank will also set a deadline for exporters to repatriate foreign currency.... Zero HedgeArgentina Imposes Currency Control Tyler Durden

Nutritional consultant Dr. Emma Derbyshire, a member of the Meat Advisory Panel, has been cited widely by the mainstream media this week for her claims A report came out suggesting that vegetarians, and especially vegans, may be lacking in Choline and could be more susceptible to liver disease and poor brain health. The report said that choline was very low in plant and dairy foods.  I'm a vegan so I looked up the charts and did the maths and found out that I was getting 1000mg of...

Sanctions are being used against some countries as economic warfare rather than primarily political pressure, and there will be casualties as in any war including "collateral damage." Some people will die. The perps know this. It should be clear that the United States is uniquely positioned to choke off imports and exports from a targeted country using sanctions with deep, negative consequences for that country’s economy, as well as severe constraints on its government’s ability to address...

The IDF appears to have overcome its long-standing fear of "another 2006" and to be preparing for war against Hizbullah and indeed against all of Lebanon.... Will Iran come in? Sic Semper Tyrannis "We will destroy Lebanon..." Michael Katz, MoD of Israel in Tweet yesterday Col. W. Patrick Lang, US Army (ret.) At the Defense Intelligence Agency, Lang was the Defense Intelligence Officer (DIO) for the Middle East, South Asia and counter-terrorism, and later, the first Director of the Defense...