Mike Norman Economics

Moon of AlabamaIran Keeps Calm While U.S. And Britain Continue Their ProvocationsRussia ObserverRUSSIAN FEDERATION SITREP 11 JULY 2019Patrick Armstrong Sputnik InternationalUS Seeks to Use Space As Theatre of War, Refuses Discussion with Russia – Russian General Staff The Moscow TimesRussia Approves ‘Shortest’ Europe-China Highway – Reports

The libertarians and gold bugs are going to love the first half of this one. Max Keiser and Stacy Herbert say that since the U.S came off the gold standard the world has become awash with debt. First of all, the third world got taken over by the Western bankers by issuing loans to them (John Perkins, Economic Hit Man), and when that run out of traction, they turned inward towards the American economy instead.I do believe fiat money is an amazing idea but it needs to be heavily regulated, or...

As usual, nothing but fake news in the MSM. Rather than tightening it's grip on Hong Kong, Beijing has been too lenient, says Thomas Hon Wing Polin, and this has caused much of the problems. As the Western Empire ramps up its full-spectrum war on the Chinese, its latest target is Hong Kong, China’s premier special administrative region (SAR). Even the latest wave of media assaults confirms it. An essential adjunct to an Imperial attack on any designated victim is a sustained campaign of...

President Donald Trump’s top economic adviser praised left-wing Democrat Alexandria Ocasio-Cortez, after the political rivals found common ground in urging the Federal Reserve not to worry about low unemployment triggering inflation. “I’ve got to give her high marks for that,” Larry Kudlow told Fox News on Thursday, referring to Ocasio-Cortez’s quizzing of Federal Reserve Chair Jerome Powell in Congress the previous day.... At least they agree that the Phillips Curve is wrong.Financial...

I thought the most interesting aspect of last weekend’s Greek election was the post election response of the European Commission. I had thought prior to the election, when it was obvious that Syriza would lose office to the New Democracy Party, that the European Commission would perhaps turn a blind eye for a time to the new Greek government and allow them to break some of the ridiculous fiscal shackles that the Greek colony is enduring. Just like the Commission ignored the rule breaking by...

I do like Ellen Brown, and even though you guys say she gets too much wrong, her heart's in the right place. Positive Money is a grass roots movement, and like Ellen Brown, they reach a lot of people.MMT is more of a top down movement which can be very academic, although it's getting better now. Rather than fight each other, though, I think we should work together more.Max Keiser wants to tie money to gold, to limit its creation to keep asset prices in check, but then businesses and...

Big government bad, small government good, say many on the right, and that regulations are said to be bad too as they stop innovation and enterprise. Hmmm!I remember reading years ago how Silocon Valley had dominated the PC's and software market, but when it came to cell phones (what we call mobile phones in the U.K) Europe had left the US behind. This was because the EC had set up regulations and standards for all cell phones to operate under, but in the U.S they believed in having less...

Intellectual "property." Electronic Frontier FoundationLife-Altering Copyright Lawsuits Could Come to Regular Internet Users Under a New Law Moving in the Senate Ernesto Falcon | Legislative Counsel at the Electronic Frontier Foundation with a primary focus on intellectual property and open Internet issues.

The effect of these events on oil prices has been more marked than OPEC+’s largely expected decision to extend the oil production cuts of 1.2 million bpd into the first quarter of 2020. Pricesspiked towards the end of June, when reports began emerging that insurers are upping their premiums for tankers passing through the Strait of Hormuz and they haven’t fallen much from that level. The effect events in the Persian Gulf and the Gulf of Oman from the last two months have had on oil prices...

Cleaned up today in Canadian dollar.