Mike Norman Economics

Forensic Accountant and Bernie Madoff whistleblower Harry Markopolos discusses his 175 page report claiming General Electric committed $38 billion in accounting fraud. [embedded content]

The Last Vagabond (I don't know his name) gives his take on the Hong Kong riots. He says that most of the rioters have stopped protesting now as the Chinese government has retracted it demands to extradite criminals to the mainland, but a few thousand rioters are carrying on with their violent demonstration hoping the Chinese government will bring in the army, which they then hope will get the US involved.There is a clip showing the violent protestors beating up a policeman who eventually...

The US accused the former President of Honduras, Manuel Zelaya, of being a communist when he sided the Bolivarian's of other Central American countries. But really, says Manuel Zelaya, it was that US corporations didn't want any competition, and prefer their rent seeking monopolies.  Since the US backed coup, the economy has struggled and the country's crime rate has doubled. [embedded content]

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Part of the reason that Westerners find Chinese "inscrutable, and part of the reason that Chinese view Westerners as immature. There are other reasons, too.The Vineyard of the SakerUpside down or right side up? Comparing Chinese vs. Western civilizational hierarchies. Jeff J. BrownSee also The Saker goes full antifa on the Uko-Nazies. The Vineyard of the SakerUkie nationalism vs Otto von BismarckThe Saker

Map Kit will be available in forty languages, Huawei has announced, and despite being a ‘latecomer’ to the mapping industry, the Chinese tech giant owns telecom base stations across 160 countries and regions, which it can use to implement the new service globally, Xiang Ligang, Director-General for the Information Consumption Alliance said. The Chinese tech giant has also partnered with Russian tech heavyweight Yandex and US travel company Booking Holdings to build the mapping service, a...

The Left rises again after the neoliberal president blows it. Naked Keynesianism — Hemlock for economics studentsThe return of populism or Argentina on the verge of collapseMatias Vernengo | Associate Professor of Economics, Bucknell University

Keeping the negotiations creeping along while encouraging the decoupling dynamic through tariffs & sanctions allowed the China hawks to dodge the onus of hurting the US economy for the sake of US hegemonic goals.Now, as we're entering a phase of pretty much open economic warfare, maybe that mask is ready to drop.... Preparing for the showdown.As I have been saying,  the sine qua non for permanent US global hegemony is dividing Russia and China into smaller states that can never...

If the Hong Kong roots were happening in the US, with rioters petrol bombing the police and closing down an airport, Washington would crack down on them pretty harshly. It would be said the rioters were hoodlums and anachists, and along with footage on TV showing the violence, the public would support the crackdown. But China doesn't really have this option, except as a very last resort, as it could get the US involved, who many believe are behind the riots anyway. So, the Chinese...

Has the US lost it? Expert in military and materials science and former USSR naval officer Andrei Martyanov explains why so.John Bolton, notwithstanding.Reminiscence of the FutureReality Check. Andrei MartyanovSee alsoFort Russ NewsRussia is ahead of US in hypersonic technologies, experts sayPaul Antonopoulos