Mike Norman Economics

Good identification of  dialectic TDS nut-job left moron hypocrisy here: President Obama:Killed thousands of innocents with drone strikesReceived a Nobel Peace PrizePresident Trump:Decided not to retaliate and kill 150 people over an unmanned droneCalled a warmonger? — Charlie Kirk (@charliekirk11) June 21, 2019

Looking increasingly like Trump may be biased anti-war.. or he is at least not biased pro-war...  safe to say if we elected Jeb or Hilary there would be (at least!) 150 dead Iranians... svengali Trump quantifying the human toll for us here... ....On Monday they shot down an unmanned drone flying in International Waters. We were cocked & loaded to retaliate last night on 3 different sights when I asked, how many will die. 150 people, sir, was the answer from a General. 10 minutes before...

Good explanation of really went down.Elijah J. Magnier — Middle East PoliticsIran and Trump on the edge of the abyss Elijah J. MagnierSee alsoStrategic Culture FoundationIran goes for “maximum counter-pressure” Pepe EscobarAlsoGold, Goats 'N GunsWho Survives the Iran Counter-Offensive? Tom LuongoAlsoIndia PunchlineUS credibility dented in Iran standoff M. K. Bhadrakumar | retired diplomat with the Indian Foreign ServiceAlsoMoon of AlabamaWhite House Pushes 'Trump Pulled Back' Story - He...

Classical economics, including Marx, focused on economic value in real terms, i.e., a non-monetary ground for economic value expressed in markets in nominal terms as prices. That recognized that value is based on some "good" that is actual rather than nominal. One way to do this is through a numéraire, such as gold or silver. A problem here is that monetary metals don't have actual economic value in real terms that isa determinative in production. Rather, their nominal value is...

I don't need algo's. I have better understanding and insight.

Is it good cop - bad cop, or is there a tug of war in the Whitehouse? Donald Trump has said he cancelled an airstrike on Iran with 10 minutes to go because it would not have been proportionate to kill 150 people in retaliation for the downing of an unmanned US drone. “We were cocked & loaded to retaliate last night on 3 different sights when I asked, how many will die,” the US president tweeted on Friday. “150 people, sir, was the answer from a General. 10 minutes before the strike I...

They sometimes call the Tory Party the Nasty Party. [embedded content]

Excerpt from the Fed's audit statements for CY 2018: “The Reserve Banks provided for remittances to the U.S. Treasury of $65.3 billion in 2018, including two lump-sum payments totaling approximately $3.2 billion that were necessary to reduce the aggregate Reserve Bank capital surplus to $6.8 billion as required by the Bipartisan Budget Act of 2018 and the Economic Growth, Regulatory Relief, and Consumer Protection Act.” So for all you lawyers out there, latest law in 2018 directs Fed to...

TYT were always good, but I went of them a bit when they started pushing Russia-Gate, but recently they've been getting better.Pompeo and Bolton are shouting war, but Trump is trying to de-escalate the situation with Iran after they shot down a U.S drone by saying it was probably an accident and that no one got hurt. This must madden the neocons.Trump seems to be doing almost everything the neocons and the military industrial complex wants, and yet the media and the establishment are still...

With sanctions re-imposed on Iran’s oil exports last year and recently applied in part to its petrochemicals exports as well, the U.S. is now looking to roll out the next phase of its sanctions plan against the Islamic Republic. This is to gradually employ increasingly tight sanctions on Iran’s gas sector, whilst ensuring that Europe’s mechanism for enabling ongoing business with Iran does not succeed. These policies taken together are aimed at limiting Iran’s energy export revenues to no...