Mike Norman Economics

I would add to government accumulation the likelihood that as incomes rise in the East there will also be increased demand from households. There already is.  In the West, physical gold is mostly bling, with much of the saving in gold held largely in derivates as financial saving. And, as Jesse observes, the "paper gold" — "digital gold" really — is an issue owing to hypothecation and re-hypothecation. In the East physical gold doubles as ornament and real saving. In addition, in...

From the American Conservative: Lindsey Graham repeats his reckless demand for invading Venezuela, and his latest reason for doing it is even more ridiculous and ugly than before: “We need points on the board. Start with your own backyard. Tell Cuba if you are not out of Venezuela, in a week, and people are starving and dying in Venezuela because Maduro is such a thug, then we are making a mistake. Fix Venezuela and everybody else will know you are serious.” Invading Venezuela...

Pedro Baños is a colonel in the Spanish Army who was formerly the Chief of Counter-Intelligence and Security for the European Army Corps. He is one of Europe’s top specialists in geopolitics, terrorism and intelligence Pedro Banõs book has been described as antisemitic because of the cover and because three sentences in the book spoke about the Rothschild's fortune and their enormous power. Penguin have defended the book saying it is not antisemitic, and that the octopus symbol, which...

This new is a few days old now, but this is short and to the point. So much for democracy!Pompeo says Venezuela has a choice between being democracy or a dictatorship, and if the choice is the latter the U.S will intervene.Peoples Dispatch looks into the recent exposé published by The Intercept which reveals the bias and political motivation of the Brazilian judiciary during the prosecution of former president Luiz Inácio Lula da Silva. The prosecution team of Operation Car Wash had close...

90% of the Chinese are home owners, says Ellen Brown, and by the time they are 35 years old most own their own homes. Okay, they are smaller and not as well built, but Chinese debt is a lot lower as the government subsidizes health care, education, transport, and its industries. The Chinese have lower wages but their cost of living is a lot less.Bannon says these subsidies are unfair, and that the Chinese use their vast army of slaves to economically take over the world. A trade war is not...

Chinese tech titan Huawei, is reportedly gearing up to ship almost 225 million devices already running on HongMeng or Ark OS by October 2019 after the Android ban due to the sanctions imposed by the US administration.... This is occurring as the smartphone market tips away from luxury phones like the iPhone and Galaxy toward less expensive products. One of its sources claimed that the Ark OS performed 60 percent faster than Google’s Android.... Sputnik InternationalChina to Ship 225 Million...

Russian embassy alarmed by London’s plans to shift focus of UK special forces.The embassy said the plan, if implemented, is likely to constitute a breach of the UN Charter. The Russian embassy in London said it was alarmed by media reports about the Defense Ministry’s plans to shift the focus of its special forces to " dangerous international behavior" by other states, including Russia. "Such reports are alarming. Of course, it’s hard for us to say how reliable this information is and how...

The concept of human development views wellbeing as being affected by a wide range of factors including health and education. This column examines worldwide long-term wellbeing from 1870-2015 with an augmented historical human development index (AHHDI) that combines new measures of achievements in health, education, material living standards, and political freedom. It shows that world human development has steadily improved over time, although advances have been unevenly distributed across...

A top U.S. financial regulator is worried that climate change could threaten global financial markets.Rostin Behnam, a commissioner at the Commodity Futures Trading Commission (CFTC), said that the financial system was at risk from the growing frequency and severity of storms. “The impacts of climate change affect every aspect of the American economy – from production agriculture to commercial manufacturing and the financing of every step in each process,” Behnam said at the meeting of the...

With the total rejection of these peace offerings, Lu Shaye has induced Canada to demonstrate where its true allegiance lay. Once Canada’s true colors were exposed, Ambassador Lu himself, breaking with the typical protocols of subtle and polite diplomatic conduct for which the Chinese are well known, called out the “racist, Five Eyes Intelligence network” which is really trying to run the world. In January 2019 Ambassador Lu described the hypocrisy of the western technocratic elite who...