Mike Norman Economics

This is excellent, Jimmy Dore completely exposes the Western propaganda. Mike Pompeo is on record saying how in the CIA he lied, cheated, and stole, and in fact they run courses on how to do it, and yet, the MSM believe his lies.In the UK the newspapers and the Conservative Party are calling Jeremy Corbyn a traitor who is weak on Britain's defence, and Twitter was full of patriarchs soundboarding the same. Hey, what's wrong with having a thorough investigation, one that the UN recognises,...

The week before last, Thomas Fazi and I had a response to a recent British attack on Modern Monetary Theory (MMT) published in The Tribune magazine (June 5, 2019) – For MMT. In effect, there were two quite separate topics that needed to be discussed: (a) the misrepresentation of MMT; and (b) the issues pertaining to British Labour Party policy proposals. The article we were responding to – Against MMT – written by a former Labour Party advisor, was not really about MMT at all, as you will...

In a video I put out here recently (embedded), General Roger Spalding said Huawei does not value privacy and their phones can be hacked, but Apple, he added, an American company, really values its customers privacy and so go to great lengths to ensure their data is secure and safe.So we have, 'us good, them bad' black and white mentality so typical of the right, except at night, when your asleep and Apple think you won't notice your phone slowing down, they download all for data to their HQ...

If you have time, Tony Gosling is always an excellent listen (podcast). He says neither the U.S. or Iran want a war, but America's dangerous belligerence could cause one.Trump is probably bluffing, hoping to negotiate the best deal with the Iranians, which he thinks would help him win the 2020 Presidential election.Not mentioned here, but a G.W. Bush military advisor says Trump is taking an idiotic and crazy risk with this bluff.  He was alarmed, and said that with this degree of tension...

You knew about this already, but Pepe Escobar fills in some detail.Asia TimesSay hello to the Russia-China operating systemPepe EscobarSee alsoKasperskyOS — An immune-based approach to information system security

Go rogue much? “Two administration officials said they believed Mr. Trump had not been briefed in any detail about the steps to place ‘implants’ — software code that can be used for surveillance or attack — inside the Russian grid. “Pentagon and intelligence officials described broad hesitation to go into detail with Mr. Trump about operations against Russia for concern over his reaction — and the possibility that he might countermand it or discuss it with foreign officials, as he did in...

Trump's negotiating strategy with Iran is not working as planned. Instead of being forced into submission by sanctions, Iran has concluded that it is in its interest to go to war if need be rather than to submitt. Since this would driving the price of oil up to level that would threaten the collapse of the global economy, Iran appears to be gaming the risk of war on the assumption that POTUS would not be willing to go there.Trump often resorts to the "crazy person" tactic in negotiation....

Chinese Vice President Wang Qishan called on Russia to strengthen financial cooperation between the two states by increasing the use of national currencies in bilateral trade. The Chinese politician’s statements are in line with an offer by Russian President Vladimir Putin that suggested that both China and Mongolia join the Russian Central Bank’s financial messaging system and increase the use of national currencies in mutual trade. The president stressed that many countries, specifically...

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...