Attempts to control markets have always led to successful blackmarkets. Black and grey markets have existed for dealing with sanctions before Russia was sanctioned and Russia has been taking a similar course. John P. Ruehl explains some details.CounterpunchHow Russia is Countering the West’s Economic SanctionsJohn P. Ruehl, Globetrotter

Adding to the astute observations in the post below, the proven alternative is international settlement in gold, as was the case until the US unilaterally abrogated Bretton Woods. If history is a guide in this, the verdict is in. "The barbarous relic" rules. Could this actually happen? If things get crazy enough.In the final analysis, the means of settlement dictated by producers of vital is the determining factor. Economies don't run on financial instruments but real goods and especially...

Greenwashing protectionism.Moon of AlabamaGreen-washing The Trade War With China

Η ομιλία του Γραμματέα του ΜέΡΑ25, Γιάνη Βαρουφάκη, στη Βουλή στη συζήτηση για το νομοσχέδιο για τις...

We are currently in our annual crowdfunding campaign. Participate today so we can continue our work in 2023: ► PayPal: [email protected] ► Patreon: https://www.patreon.com/acTVism ► Betterplace (Credit Card inkl.): https://bit.ly/2EdOJ7I ► Int. Bank Account: DE89430609678224073600 For more information on the campaign: https://www.actvism.org/en/latest/wichtige-ankuendigung-actvism-munich/ DiEM25 co-founder, Greek politician and economist Yanis Varoufakis, reveals what's behind Amazon and...

It’s time for our quarterly Q&A with Michael! Please support Michael’s important work via his Patreon page. Theme: NATO’s provocative role in Eastern Europe. If you are a Patron Plus supporter on Patreon, you will be able to register. Anyone upgrading to Patron Plus at least 24 hours prior to the event is invited. **Register for the Q&A with the name and email on the Patreon account**

“33 Months of COVID in one image: One more look at the Red/Blue Death Rate Divide,” ACA Signups, Charles Gaba. Charles lives in Michigan, one county over from where I lived. While my County head Democrat was touting me for a great knowledge on healthcare to Slotkin, I was pushing Charles. He knew more about the ACA then I did. I believe what Charles is going for here is the split between political parties on Covid. Many more Republicans were...

Coronavirus dashboard for December 7: the first winter wave of endemicity begins  – by New Deal democrat COVID is well on its way to becoming endemic, with a significant background level similar to what we have experienced in the last 8 months, and a surge during the winter months when people spend more time socializing together indoors. In that vein, it is apparent that, as expected, Thanksgiving get-togethers have triggered a new wave of...

This article by Dr. Adam Fein is drawn from the Drug Channels Institute. I can not say any of my knowledge is found in the detail of this recital. To summarize a bit as you read the detail, increases in rebates are associated with increases in list prices.  Insurance coverage, the sale of drugs to distributors, sold to drug stores, via Pharmaceutical Benefit Managers is complex. Dr. Adam Fein explains how it works. He presents a couple of charts...

In discussions about the significant differences that we have observed over the last 30 odd years between the conduct of economic policy in Japan and elsewhere, the usual response from mainstream economists, when challenged to explain the outcomes in the former nation, is that it is ‘cultural’ and cannot be applied elsewhere. I always found that rather compromising because mainstream economics attempts to be a one-size-fits-all approach based on universal principles of maximising human...