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Mike Norman Economics

Pepe Escobar – Say hello to the Russia-China operating system

The US ban on Huawei is pushing it to develop alternative systems that may rival Google and Android Huawei is developing its own operating system for its phones (and any other company's phones) and it can be adapted to the Russian - Finnish  operating  system, named Aurora. But what made this article interesting to me, was that Google was concerned that this new OS could be bullet proof and can't be hacked.  So, the U.S. government is concerned about the Chinese government hacking Huawei...

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Trump’s Trade Threats are really Cold War 2.0 Michael Hudson

At stake is whether China will agree to do what Russia did in the 1990s: put a Yeltsin-like puppet of neoliberal planners in place to shift control of its economy from its government to the U.S. financial sector and its planners. So the fight really is over what kind of planning China and the rest of the world should have: by governments to raise prosperity, or by the financial sector to extract revenue and impose austerity. U.S. diplomacy aims to make other countries dependent on its...

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Report: Prepare for the Climatic Collapse of Civilization — Andrey Areshev

Two authoritative Australian experts, backed up by a retired admiral of the Royal Australian Navy, recently issued a dire report that warns of an impending collapse of civilization from human-caused climate change. The report, titled “Existential climate-related security risk: A scenario approach,” is not the product of alarmists, but of two authors with expertise in their professional areas. Only one of the authors is an environmental expert. He is David Spratt, a Research Director at the...

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Sputnik — Trump Says He’s Considering Sanctions Against Nord Stream 2

Losing Germany?When will it take for the Europeans figure out that the US is using Russia as a ploy to maintain Europe's occupied status since WWII? The US president said the United States was "protecting" Germany from becoming over-reliant on Russia by opposing the project. Selling "protection" like  the Mafia?Sputnik InternationalTrump Says He's Considering Sanctions Against Nord Stream 2

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RT — Russia bringing back the gold standard may kill US dollar & solve main problem of cryptocurrencies

The headline is a bit sensational (clickbait) but the head of the Central Bank of Russia is positive about considering it, although she doesn't see it as the priority. The Central Bank of Russia (CBR) is studying a proposal to create a gold-backed cryptocurrency, which could be used for cross-border settlements with other countries.The bold proposal was made by Russia’s State Duma member Vladimir Gutenev. He has suggested initiating discussion to set up national cryptocurrency, denominated...

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China Seeks Indian and Russian Backing for ‘New’ Trading System — Lee Jeong-ho

China hopes to win Indian and Russian support in establishing a “new type” of “rules-based” and “multilateral” trade initiative.Multiple Indian media reports suggest the country’s recently re-elected Prime Minister Narendra Modi will join forces with Chinese President Xi Jinping and Russian leader Vladimir Putin on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Kyrgyzstan this week to express their concerns about US President Donald Trump’s protectionist...

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