Mike Norman Economics

Benjamin C. Wilson, Taylor Reid, and Max Sussman join the podcast to discuss their forthcoming co-written essay, “Food, Money, and Democracy: Cultivating Collective Provisioning for Resilient and Equitable Communities of Work.” Inaugurating our new journal, Money on the Left: History, Theory, Practice, the article politicizes what Sanjukta Paul and Nathan Tankus term “coordination rights” across monetary and production sectors and focuses on the coordination of food systems, in particular. Coordination rights are fundamental to the process of building resilient communities, our guests argue, determining whether social provisioning systems are “collective” or “concentrated.”

In our conversation, Wilson, Reid, and Sussman consider several promising cases of collective provisioning, which prioritize democratic participation and ecosocial stewardship over the austerity and profit-maximization associated with concentrated industry. Such examples include La Via Campesina movement for Food Sovereignty, the Black Cooperative Movement in the U.S., and restaurant reactions to the early days of the COVID-19 pandemic. Lamenting the failures of such models when faced with systemic illiquidity, our co-authors also importantly extend collective coordination principles to monetary systems, exploring small and medium-scale monetary experiments that use food systems as a way to build community capacity....
MR Online
Money on the Left: The Journal featuring “Food, Money & Democracy”
Maxximilian Seijo, Scott Ferguson, William Saas
https://mronline.org/2022/07/01/money-on-the-left-the-journal-featuring-food-money-democracy/

July Aviation and Hypersonics — Andrei Martyanov (video 31.13)

July Aviation and Hypersonics

Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues. Martyanov was born in Baku, USSR in 1963. He graduated from the Kirov Naval Red Banner Academy and served as an officer on the ships and staff position of Soviet Coast Guard through 1990. He took part in the events in the Caucasus which led to the collapse of the Soviet Union. In mid-1990s he moved to the United States where he currently works as Laboratory Director in a commercial aerospace group. He is a frequent blogger on the US Naval Institute Blog. He is author of Losing Military Supremacy, The (Real) Revolution in Military Affairs, and Disintegration: Indicators of the Coming American Collapse — Clarity Press

https://youtu.be/MdzcMiQNyCQ

Washington wants this to continue — Douglas Macgregor (video 3.06)

Washington wants this to continue

Douglas Macgregor, Col. US Army (retired)
https://youtu.be/Mugiaxpz1b0

Why FDR's Fed Chair Opposed His Plan to Expand Social Security — Stephanie Kelton

The Fed chair at the time was held by Marriner Eccles, who understood government monetary and fiscal operations. That has since been forgotten, ignored, or suppressed.

The Lens
Why FDR's Fed Chair Opposed His Plan to Expand Social Security

Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders
https://stephaniekelton.substack.com/p/why-fdrs-fed-chair-opposed-his-plan

Ukraine Is the Latest Neocon Disaster — Jeffrey D. Sachs

The war in Ukraine is the culmination of a 30-year project of the American neoconservative movement. The Biden administration is packed with the same neocons who championed the U.S. wars of choice in Serbia (1999), Afghanistan (2001), Iraq (2003), Syria (2011), Libya (2011), and who did so much to provoke Russia’s invasion of Ukraine.

The neocon track record is one of unmitigated disaster, yet Biden has staffed his team with neocons. As a result, Biden is steering Ukraine, the U.S. and the European Union towards yet another geopolitical debacle. If Europe has any insight, it will separate itself from these U.S. foreign policy debacles.…

European leaders have no sense, let along insight.

Good brief summary of the rise of the necons to preeminence in American foreign and military policy, and the consequences of this.

Consortium News
Ukraine Is the Latest Neocon Disaster

Jeffrey D. Sachs | University Professor and Director of the Center for Sustainable Development at Columbia University, where he directed The Earth Institute from 2002 until 2016. He is also president of the U.N. Sustainable Development Solutions Network and a commissioner of the U.N. Broadband Commission for Development. He has been adviser to three United Nations secretaries-general and currently serves as an SDG advocate under Secretary-General Antonio Guterres.

Originally at Common Dreams

https://consortiumnews.com/2022/07/01/ukraine-is-the-latest-neocon-disaster/

SCOTUS limits EPA

Another W yesterday that’s going to help…

How can a Supreme Court Justice be so damn stupid?
We're screwed if she actually believes this. Better tell her liberal friends to stop buying beach houses.

Justice Kagan warns parts of East Coast could be 'swallowed by the ocean' in dissent in EPA case https://t.co/WqQx6fKeTc
— Gary Peterson (@petersongb56) July 1, 2022

First half market review

From Trump over on his Truth Social…. He predicted this… worst EVV-AH!

Thursday, June 30, 2022

Links — 30 June 2022 Part 2

CaitlinJohnstone.com
Mike Pompeo’s Revealing Hudson Institute Speech
Caitlin Johnstone

https://caitlinjohnstone.com/2022/06/30/mike-pompeos-revealing-hudson-institute-speech/

Moon of Alabama
No, NATO Will Not Get Ready For War

https://www.moonofalabama.org/2022/06/no-nato-will-not-get-ready-for-war.html

Russian and Eurasian Politics
Avoiding a Russian Quagmire, the Improbable Ukrainian Peace, and the Risk of Direct Russo-NATO War

Gordon M. Hahn | Expert Analyst at Corr Analytics, http://www.canalyt.com and a Senior Researcher at the Center for Terrorism and Intelligence Studies (CETIS), Akribis Group

https://gordonhahn.com/2022/06/30/avoiding-a-russian-quagmire-the-improbable-ukrainian-peace-and-the-risk-of-direct-russo-nato-war/

India Punchline
Russia steals the thunder in ‘wheat war’
M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador

https://www.indianpunchline.com/russia-steals-the-thunder-in-wheat-war/

Counterpunch
SCOTT RITTER: Lithuania’s Brinkmanship

Scott Ritter is a former U.S. Marine Corps intelligence officer who served in the former Soviet Union implementing arms control treaties, in the Persian Gulf during Operation Desert Storm and in Iraq overseeing the disarmament of WMD. His most recent book is Disarmament in the Time of Perestroika, published by Clarity Press.
https://consortiumnews.com/2022/06/30/scott-ritter-lithuanias-brinkmanship/

One World
Is NATO’s Northern Expansion Really A Major Defeat For Russia?
Andrew Korybko, American geopolitical analyst and independent journalist based in Moscow, and member of the expert council for the Institute of Strategic Studies and Predictions at the People’s Friendship University of Russia
https://oneworld.press/?module=articles&action=view&id=3035

Fisted by Foucault

Delusion — The US Government's Commission on Security and Cooperation in Europe (CSCE) holds a briefing on the "moral and strategic" necessity of partitioning Russia

Niccolo Soldo

https://niccolo.substack.com/p/delusion

Antiwar
Biden Says US Will Support Ukraine For ‘as Long as It Takes’ To Win War ("When asked how long Americans should expect to pay high gas prices that have spiked as a result of his sanctions on Russia, Biden also said for “as long as it takes” so Russia cannot “defeat Ukraine.” Biden doubles down on folly.)

Dave DeCamp

https://news.antiwar.com/2022/06/30/biden-says-us-will-support-ukraine-for-as-long-as-it-takes-to-win-war/

What FDR and Two Former Fed Chairs Understood About Social Security — Stephanie Kelton

It’s a shame more people don’t understand that the entire debate over “solvency” is rooted in a flawed understanding of our monetary system and the mechanics of government finance....

he Lens
What FDR and Two Former Fed Chairs Understood About Social Security
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders
https://stephaniekelton.substack.com/p/what-fdr-and-two-former-fed-chairs

The West’s self-defeating sanctions — Philip Pilkington

Philip Pilkington makes the point that any competent economist or financial type would have been able to see why imposition of sanctions was insane and their effect would be opposite to that intended.

Now that the policy has been adopted, it is impossible to back down without looking foolish, even though this policy is destroying Western economies and undermining the objective for which it was imposed — preservation of the unipolar order that emerged upon the collapse of the USSR.

Well-played, if you were aiming the gun at your own feet.

The Critic

The West’s self-defeating sanctions

Philip Pilkington

https://thecritic.co.uk/the-wests-self-defeating-sanctions/

You’re either with us or you’re a “systemic challenge” — Pepe Escobar

The rise of the Global East/South, much to the dismay of the Global North/West as a challenge to the Post-WWII global order under US domination as a resurgence of the British Empire.

The Vineyard of the Saker
You’re either with us or you’re a “systemic challenge”
Pepe Escobar

Links — 30 June 2022 Part 1

1945
Is NATO Membership for Finland and Sweden a Bad Idea? (Yes, it increases the probability of the US being nuked, with no corresponding benefit to either the US or NATO)
Lt. Col. Daniel L. Davis (USA ret.), Senior Fellow and Military Expert for Defense Priorities

https://www.19fortyfive.com/2022/06/is-nato-membership-for-finland-and-sweden-a-bad-idea/

A Son of the New American Revolution
AMERICANS DO NOT UNDERSTAND THEIR OWN MILITARY HISTORY
Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations (1984-1989)

https://sonar21.com/americans-do-not-understand-their-own-military-history/

Reminiscence of the Future
I Fully Agree With Larry Here.

http://smoothiex12.blogspot.com/2022/06/i-fully-agree-with-larry-here.html

Typical Putin))) (Vlad has some advice for BoJo)
http://smoothiex12.blogspot.com/2022/06/typical-putin.html

North-South

http://smoothiex12.blogspot.com/2022/06/north-south.html

Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues

RUSSTRAT—Institute of international political and economic strategies (Russian state-sponsored)

The existence of Ukraine as a state means an indefinite war against Russia

https://russtrat.ru/en/comments_/30-june-2022-0039-10927

One World
Russia’s Snake Island Pullout Was An Entirely Predictable Goodwill Gesture

https://oneworld.press/?module=articles&action=view&id=3034

India’s Becoming Impressively Autonomous Vis A Vis China & The US

https://oneworld.press/?module=articles&action=view&id=3033

Andrew Korybko, American geopolitical analyst and independent journalist based in Moscow, and member of the expert council for the Institute of Strategic Studies and Predictions at the People’s Friendship University of Russia

Asia Times

US starts sanctioning China for supporting Russia
Jeff Pao

https://asiatimes.com/2022/06/us-starts-sanctioning-china-for-supporting-russia/

Bill Mitchell — Unaccountable central bankers once again out of controls

On August 27, 2020, the US Federal Reserve Chairman, Jerome Powell made a path breaking speech – New Economic Challenges and the Fed’s Monetary Policy Review. On the same day, the Federal Reserve Bank released a statement – Federal Open Market Committee announces approval of updates to its Statement on Longer-Run Goals and Monetary Policy Strategy. I analysed that shift in this blog post – US Federal Reserve statement signals a new phase in the paradigm shift in macroeconomics (August 31, 2020). It appeared at the time, that a major shift in the way central banking policy was to be conducted in the future was underway. A Reuters’ report (August 28, 2020) – With new monetary policy approach, Fed lays Phillips curve to rest – reported that “One of the fundamental theories of modern economics may have finally been put to rest”. At the time, I didn’t place enough emphasis on the ‘may’ and now realise that nothing really has changed after a few years of teetering on the precipice of change. The old guard is back and threatening the livelihoods of workers in their usual way.

Bill Mitchell – billy blog

Unaccountable central bankers once again out of controls
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Wednesday, June 29, 2022

It's collapsed — Douglas Macgregor (video 1.22)

It's collapsed
Douglas Macgregor
https://youtu.be/gzFeNLi4tXQ

FED'S MESTER: WE WANT TO SEE US RATES ABOVE 4% NEXT YEAR.

Banks have $3T of regulatory required reserve assets getting IOR and $4.5T of regulatory required HQLA govt securities... if they get this 4% minimum on this $7.5T of regulatory assets (QT will albeit reduce this slightly by then) that would be $300B annual in revenues to US banks for doing nothing other than complying with government regulations…. Up from 0 at ZIRP very recently…

And Fed has over $2T in RRP paying about the same rate so that would be another $80B annual to somebody…. Then there all the T-Bills somebody has…

Would be a major positive fiscal adjustment… probably near $1T annual or so…

FED'S MESTER: WE WANT TO SEE US RATES ABOVE 4% NEXT YEAR.
— Breaking Market News ⚡️ (@financialjuice) June 29, 2022

US crude production rose to the highest since April 2020, rising to 12.1 million BPD

Domestic production finally back above 12Mbpd… another 1M to go to get back to pre-CCP virus production rate…

Let's gooooo

"US crude production rose to the highest since April 2020, rising to 12.1 million BPD. - EIA"https://t.co/bOgBlgQm9i https://t.co/kgzGWn8SYT pic.twitter.com/Cg3PfveDAe
— Gold (@GoldmanShark0x) June 29, 2022

Links — 29 June 2022 Part 2

Michael Roberts Blog — blogging from a marxist economist
The global solution: private or public?

https://thenextrecession.wordpress.com/2022/06/29/the-global-solution-private-or-public/

Gold Goats 'N Guns
The G-7 Squawks But They’ve Already Lost the War Against Russia

Tom Luongo

https://tomluongo.me/2022/06/29/the-g-7-squawks-but-theyve-already-lost-the-war-against-russia/

Zero Hedge
Demand Destruction Emerges As Americans Cancel Road Trips
https://www.zerohedge.com/markets/demand-destruction-emerges-americans-cancel-road-trips

White House Is Quietly Modeling For $200 Oil "Shock"
https://www.zerohedge.com/commodities/white-house-quietly-modeling-shock-200-oil

US Emergency Oil Reserves Tumble To Record Low 27 Days Worth Of Supply

https://www.zerohedge.com/energy/us-emergency-oil-reserves-tumble-record-low-27-days-worth-supply

Tyler Durden

Yahoo Finance
First Solar Rejects US Site for New Factory, Eyes Europe or India Instead

Will Wade

https://finance.yahoo.com/news/first-solar-rejects-us-factory-120005915.html

The Guardian (UK)
UK will face worse inflation than other major economies, says Bank governor

Richard Partington and Phillip Inman

https://www.theguardian.com/business/2022/jun/29/central-bank-heads-warn-world-economy-faces-new-inflationary-era

Dissident Voice
Severodonetsk: Deciphering News of the War in Ukraine
Dan Lieberman

https://dissidentvoice.org/2022/06/severodonetsk-deciphering-news-of-the-war-in-ukraine/

RT — Question More (Russian state-sponsored media)
Roman empire’s alliance would benefit Europe – UK PM (can't get much more explicit about imperialism. At least he isn't talking about the British Empire, which the US has in its sights to recreate, and more, like "recolonize" China.)

A short essay on the differences between Marx and Keynes — As stimulated by Joan Robinson's "Essay on Marxian Economics" — Branko Milanovic

Painted with a very broad brush, but an interesting summary. It's short and on point.

Summary: Marx was focused on the long-term, historical nature of capitalism that gave capitalism its law-like behavior, making it predictable, while Keynes was focused on the short-term, political challenges of capitalism that he believed policy measures could overcome. However, their analysis of key issues is remarkably similar, at least in outline.

Global Inequality And More
A short essay on the differences between Marx and Keynes — As stimulated by Joan Robinson's "Essay on Marxian Economics"
Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Stone Center on Socio-economic Inequality, senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie Endowment for International Peace
https://branko2f7.substack.com/p/a-short-essay-on-the-differences

Links — 29 June 2022 Part 1

A Son of the New American Revolution
NATO’S Meaningless Military Gestures

https://sonar21.com/natos-meaningless-military-gestures/

Why Russia Doubts NATO’s “Good” Intentions

https://sonar21.com/why-russia-doubts-natos-good-intentions/
Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations (1984-1989)

India Punchline
G7: Cracks in Western unity on Russia

https://www.indianpunchline.com/us-iran-let-hopes-shape-their-future-not-hurts/

US, Iran let hopes shape their future — not hurts

https://www.indianpunchline.com/g7-cracks-in-western-unity-on-russia/

M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador

Asia Times
EU ‘playing a dangerous game’ in Ukraine—An interview with Irish member of the European Parliament Clare Daly
James Carden

https://asiatimes.com/2022/06/eu-playing-a-dangerous-game-in-ukraine/

Ukraine war a big boon for Russian insurers (Interesting post on the insurance industry. It's big.)

Sam Beatson, Ahmed Barakat and Elham Vosughi-Kia
https://asiatimes.com/2022/06/ukraine-war-a-big-boon-for-russian-insurers/

RUSSTRAT — Institute of international political and economic strategies (Russian state-sponsored)
Are things heading to war? NATO Rapid Reaction Forces will increase by 7.5 times

https://russtrat.ru/en/analytics_/29-june-2022-1128-10918

CaitlinJohnstone.com
Empire To Expand NATO In Response To War Caused By NATO Expansion
Caitlin Johnstone

https://caitlinjohnstone.com/2022/06/29/empire-to-expand-nato-in-response-to-war-caused-by-nato-expansion/

Global Times (Chinese state media)
Exclusive: US plants Trojan horse programs in hundreds of important Chinese information systems; new cyber weapon targets China, Russia
Zhao Siwei

https://www.globaltimes.cn/page/202206/1269300.shtml

Asia-Pacific countries should not stand under ‘dangerous wall' of NATO: Global Times editorial

https://www.globaltimes.cn/page/202206/1269282.shtml

RayMcGovern.com
Medvedev/Putin: Highly Unusual Threats to NATO (threats or warning? Russia typically doesn’t make threats. It states what it is gong to do and then does it. Those in the habit of making threats, often empty, still don't seem to get this distinction even though it is not subtle. It's Russia's history. The new cold war is here. Nukes aimed and on hair trigger.)
Ray McGovern, co-founder of Veteran Intelligence Professionals for Sanity, and retired 27-year career CIA whose tasks included preparing and briefing The President’s Daily Brief and leading the Soviet Foreign Policy Branch

Bill Mitchell — New Keynesian inflation model is unfit for purpose

It’s Wednesday – a day for a few short comments and then relaxing to music. Today I consider some statements from the Bank of International Settlements, which suggest that the mainstream inflation approach, based on the New Keynesian Phillips curve is subjected to “serious practical shortcomings”. In other words, it is unfit for purpose, which means you should not be surprised that central banks are hiking rates to stifle a transient supply-side inflation burst. Quackery leads to quackery. I also consider some recent evidence that supply disruptions are easing. And, then, we learn that that the British Labour Party no longer things workers should strike. And if that has driven you mad, then we restore calm with some great music from Jiro Inagaki....

Bill Mitchell – billy blog
New Keynesian inflation model is unfit for purpose
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Tuesday, June 28, 2022

Links — 28 June 2022 Part 1

Reminiscence of the Future
And That Is Important Exactly How?
http://smoothiex12.blogspot.com/2022/06/and-that-is-important-exactly-how.html

They Ran From Lysichansk...

http://smoothiex12.blogspot.com/2022/06/they-ran-from-lysichansk.html

Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues

Moon of Alabama
Another Zelensky Lie Debunked - White House Says Ukraine Must Give Up Territory (Zelenski is just the mouthpiece between the US and the Ukrainian right sector that holds political power.)

https://www.moonofalabama.org/2022/06/another-zelensky-lie-debunked-white-house-says-ukraine-must-give-up-territory.html

Asia Times

Ukraine: the situation (June 27, 2022)

Uwe Parart

https://asiatimes.com/2022/06/ukraine-the-situation-june-27-2022/

Covid death toll vs China’s puts US to shame

John Walsh

https://asiatimes.com/2022/06/covid-death-toll-vs-chinas-puts-us-to-shame/

Gilbert Doctorow — International relations, Russian affairs
Just half a functioning brain will suffice to see through propaganda
Gilbert Doctorow

https://gilbertdoctorow.com/2022/06/28/just-half-a-functioning-brain-will-suffice-to-see-through-propaganda/

One World
Reasons For The Russian Special Military Operation In Ukraine
https://oneworld.press/?module=articles&action=view&id=3022

True State Terrorism Is Kiev’s Militarization Of Residential Areas

https://oneworld.press/?module=articles&action=view&id=3025

Interpreting Indonesia’s Mediation In The Ukrainian Conflict

https://oneworld.press/?module=articles&action=view&id=3026

Explaining India’s Balancing Act Between BRICS & The G7

https://oneworld.press/?module=articles&action=view&id=3021

The UK Prime Minister Paraphrased 1984’s “War Is Peace” During His Meeting With Macron (NATO is slouching toward kinetic war with Russia using NATO troops. Providing Ukraine with NATO military assets will not result in victory for Ukraine as a NATO proxy, and a Russian victory is simply not acceptable to NATO, at least at this point.)

https://oneworld.press/?module=articles&action=view&id=3020

We Need To Talk About NATO

https://oneworld.press/?module=articles&action=view&id=3018

Maria Heemskerk, Dutch political commentator

Zero Hedge
[Former Russian president and prime minister Dmitry] Medvedev Says Crimea Is Russia's "Forever" & Any NATO Moves On It Would Trigger WW3
Tyler Durden

https://www.zerohedge.com/geopolitical/medvedev-says-crimea-russias-forever-any-nato-moves-it-would-trigger-ww3

MacroPOlo
Provincialism: Before Ruling China, You Have To Rule 2.4 Provinces

Ruihan Huang is a research associate at MacroPolo

https://macropolo.org/provincialism-ruling-china-provinces/

Behind the Tin Curtain: BRICS+ vs NATO/G7 — Pepe Escobar

On global realignment. Important.

The Cradle
Behind the Tin Curtain: BRICS+ vs NATO/G7
Pepe Escobar
https://thecradle.co/Article/Columns/12393

“Fed’s balance sheets caused inflation, not low rates”

This is a widely held belief and behind a lot of the current bearish positioning… (lol I’d like to ask them then why prices collapsed 40% when they first increased the reserves at Depositories in March 2020)

Now they are of course predicting a catastrophic collapse when Fed starts to decrease reserve balances… which btw the Fed haven’t even done yet in June when this is the month they have been saying they are going to decrease assets, excerpting from Mike’s MMT Trader report this week:

“Fed QT is proceeding slowly, if at all. In the week ending June 22, the Fed’s balance sheet increased $1.9 bln. It was the fourth week up and the highest level in 5 weeks”

Still a week to go in June but as of the 22nd here they have made only negative progress towards their stated policy… These people are the worst I have zero technical respect for them…

"Catastrophic Risk To Stocks And Bonds": Fed's Balance Sheet Caused Inflation, Not Low Rates https://t.co/7bAtlkAqot
— zerohedge (@zerohedge) June 28, 2022

Monday, June 27, 2022

Links — 27 June 2022 Part 2

Moon of Alabama
Newsbits on Ukraine - Lysichansk Cauldron, Civilian Damage, Reserve Troops, Russian 'Default'

https://www.moonofalabama.org/2022/06/newsbits-on-ukraine-lysichansk-cauldron-civilian-damage-reserve-troops-russian-default.html

Reminiscence of the Future
The Endspiel

http://smoothiex12.blogspot.com/2022/06/the-endspiel.html

Alex Gives A Good Aye-Yai-Yai On G-7, Larry About Denazification And Something Else.

http://smoothiex12.blogspot.com/2022/06/alex-gives-good-aye-yai-yai-on-g-7.html

Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues

A Son of the New American Revolution
Back to the Future in Ukraine–Demilitarization and Denazification
Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations (1984-1989)

https://sonar21.com/back-to-the-future-in-ukraine-demilitarization-and-denazification/

Links — 27 June 2022 Part 1

A Son of the New American Revolution
Understanding the NY Times Article on the CIA in Ukraine
Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations (1984-1989)

https://sonar21.com/understanding-the-ny-times-article-on-the-cia-in-ukraine/

One World

We Need To Talk About NATO

https://oneworld.press/?module=articles&action=view&id=3018

The UK Prime Minister [Bojo] Paraphrased 1984’s “War Is Peace” During His Meeting With Macron

https://oneworld.press/?module=articles&action=view&id=3020

Dances with Bears
MUTINY IN THE CANADIAN GENERAL STAFF – HOW POLITICAL AMBITION & UKRAINE-RUSSIA WAR AIMS ARE BEING COVERED UP IN OTTAWA
John Helmer

http://johnhelmer.net/mutiny-in-the-canadian-general-staff-how-political-ambition-ukraine-russia-war-aims-are-being-covered-up-in-ottawa/

Naked Capitalism
“G7 Aims to Hurt Russia with Price Cap on Oil Exports”
https://www.nakedcapitalism.com/2022/06/g7-aims-to-hurt-russia-with-price-cap-on-oil-exports.html

“Why The Ukraine Crisis Will Make Little Difference to Dollar Supremacy”

https://www.nakedcapitalism.com/2022/06/why-the-ukraine-crisis-will-make-little-difference-to-dollar-supremacy.html

Yves Smith

Oilprice
G7's Oil Price Cap For Russia: Easier Said Than Done

Irina Slav

https://oilprice.com/Energy/Crude-Oil/G7s-Oil-Price-Cap-For-Russia-Easier-Said-Than-Done.html

Zero Hedge
G7 Set To Impose "Price Caps" On Russian Oil; Unclear What This Actually Does

https://www.zerohedge.com/markets/g7-set-impose-price-caps-russian-oil-unclear-what-actually-achieves

UK Economy Getting Crushed A Price "Worth Paying" For Freedom In Ukraine: Johnson
https://www.zerohedge.com/economics/uk-economy-getting-crushed-price-worth-paying-freedom-ukraine-johnson

Lithuania Hit By Cyberattack As Russian Hackers Warn More Coming Until Kaliningrad 'Blockade' Lifted

https://www.zerohedge.com/geopolitical/lithuania-hit-major-cyberattack-russian-group-warns-more-until-kaliningrad-blockade

Tyler Durden

RayMcGovern.com
UNMARKING yesterday’s International Day in Support of Torture Victims
Ray McGovern, co-founder of Veteran Intelligence Professionals for Sanity, and retired 27-year career CIA whose tasks included preparing and briefing The President’s Daily Brief and leading the Soviet Foreign Policy Branch

https://raymcgovern.com/2022/06/27/unmarking-todays-international-day-in-support-of-torture-victims/

CaitlinJohnstone.com
Ten Thoughts On Abortion
Caitlin Johnstone

https://caitlinjohnstone.com/2022/06/27/ten-thoughts-on-abortion/

Southfront (sanctioned by the US Treasury Department)
Ukrainian Military Planned To Turn Airport In Severodonetsk Into NATO Military Base Near Russian Border
https://southfront.org/ukrainian-military-planned-to-turn-airport-in-severodonetsk-into-nato-milita

BREAKING: Russian Ministry Of Defense Revealed How Civilian House In Kiev Was Hit On June 26

https://southfront.org/breaking-russian-ministry-of-defense-revealed-how-civilian-house-in-kiev-was-hit-on-june-26/

TASS (Russian state media)
NATO chief vows to boost high readiness forces on eastern flank to over 300,000

https://tass.com/politics/1472099

Sputnik International
Foreign Holders of Russian Bonds Could Sue US, EU Over Asset Blockage, French Economist Says
https://sputniknews.com/20220627/foreign-holders-of-russian-bonds-could-sue-us-eu-over-asset-blockage-french-economist-says-1096720934.html

German Media Fears Putin Preparing New ‘Raw Materials Trap’ for West

https://sputniknews.com/20220627/german-media-fears-putin-preparing-new-raw-materials-trap-for-west-1096718461.html

RT — Question More (Russian state-sponsored media)
Zelensky sets deadline for Russia-Ukraine conflict – media
https://www.rt.com/news/557928-zelensky-g7-summit-address/

Spoils of War
Andrew Cockburn: Why Sanctions Always Fail

https://spoilsofwar.substack.com/p/why-sanctions-always-fail

Bill Mitchell — The Ministry for the Future has some MMT lessons on fiscal policy

A close friend send me some pages from a book she is reading – Ministry of the Future – by author Kim Stanley Robinson, which was published in 2020. It is about an organisation that is chartered with defending the rights of future generations and they pursue various projects accordingly. Its major challenge is climate change, after a “deadly heat wave in India” and the narrative allows the author to entertain very interesting discussions about economics, ecology and society. It is classified as “hard science fiction” because while the work reflects the imagination of the author, he bases the narrative on “scientific accuracy and non-fiction descriptions of history and social science” to bring home the challenges we face with climate etc. The pages I received came from Chapter 73 (pages 365-366), which has a two-page discussion about Modern Monetary Theory (MMT). The author writes in his future scenario that “Enough governments were convinced by MMT to try it. That it influenced so much policy through the late thirties was regarded as a sign either of progress or of desperate fantasy solutions.” While the discussion is interesting, I want to focus on one of the ideas the author presents because they illustrate an important distinction between ‘Keynesian’ and ‘Post Keynesian’ thought on fiscal policy and MMT analysis....

Bill Mitchell – billy blog
The Ministry for the Future has some MMT lessons on fiscal policy
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
http://bilbo.economicoutlook.net/blog/?p=50019

See also

The Gower Initiative for Modern Money Studies
Growing discontent as the cost of living rise continues to bite
https://gimms.org.uk/2022/06/26/growing-discontent/

Sunday, June 26, 2022

Links — June 26 2022 Part 2

India Punchline
A pivotal moment in eastern Ukraine
MK. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador.

Zero Hedge
G7 Commits To 'Indefinite' Military & Financial Support To Ukraine

https://www.zerohedge.com/geopolitical/g7-commits-indefinite-military-financial-support-ukraine

Southfront (sanctioned by the US Treasury Department)
Russian Losses In The Black Sea Growing After Ukraine Got US-Made Harpoon Missiles (Video)

https://southfront.org/russian-losses-in-the-black-sea-growing-after-ukraine-got-us-made-harpoon-missiles-video/

KIEV ON FIRE: RUSSIAN MISSILES HIT MILITARY PLANT, REVENGE FOR BLOODY ATTACKS IN DONBASS (VIDEOS)
https://southfront.org/kiev-on-fire-russian-missiles-hit-military-plant-revenge-for-bloody-attacks-in-donbass-videos/

Russian MoD Releases Footage Of Recent Strikes On ‘US-Trained Terrorists’ In Syria’s Raqqa (
Actually, there are several proxy wars going on now. Ukraine is just the latest. It began back in the Carter adminstration with Zbig's plan to arm the Islamists that morphed into Al Qaeda and then ISIS.)

https://southfront.org/russian-mod-releases-footage-of-recent-strikes-on-us-trained-terrorists-in-syrias-raqqa/

Politico
G-7 unveils $600B plan to combat global China initiative (Most of the funding is "aspirational.")

Jonathan Lemire and Karl Mathiesen

The Hill
Biden commits $200 billion to global infrastructure plan meant to counter China (combination of federal financing, grants and private sector investment)

https://thehill.com/homenews/administration/3537495-biden-commits-200-billion-to-global-infrastructure-plan-meant-to-counter-china/

Antiwar
Conflicts of Interest: Biden Dumps Another Billion in Weapons on the Ukrainian Battlefield

Kyle Anzalone and Connor Freeman

https://www.antiwar.com/blog/2022/06/26/conflicts-of-interest-biden-dumps-another-billion-in-weapons-on-the-ukrainian-battlefield/

The Hill
Amid deepening divisions, US no longer seen as beacon of light around the world
Tara D. Sonenshine, Opinion Contributor

https://thehill.com/opinion/international/3537200-amid-deepening-divisions-us-no-longer-seen-as-beacon-of-light-around-the-world/

Links — 26 June 2022 Part 1

Gilbert Doctorow — International relations, Russian affairs
An Iron Curtain descends on Europe and the USA
Gilbert Doctorow
https://gilbertdoctorow.com/2022/06/26/an-iron-curtain-descends-on-europe-and-the-usa/

The Vineyard of the Saker
Sitrep Operation Z: Open Thread
The Saker

http://thesaker.is/sitrep-operation-z-open-thread/

Moon of Alabama
Russia Is Running Out Of [Whatever The Media Claim]

https://www.moonofalabama.org/2022/06/russia-is-running-out-of-whatever-the-media-claim-.html

CaitlinJohnstone.com
Western Officials Admit Ukraine Is Crawling With CIA Personnel [and Special Forces]
Caitlin Johnstone

https://caitlinjohnstone.com/2022/06/26/western-officials-admit-ukraine-is-crawling-with-cia-personnel/

Saturday, June 25, 2022

Links — 25 June 2022

A Son of the New American Revolution
Even the UK’s Sky News is Reporting on the Ukrainian Debacle in the Donbas

https://sonar21.com/even-the-uks-sky-news-is-reporting-on-the-ukrainian-debacle-in-the-donbas/

Understanding the Ukrainian SS Galicia Division Helps explain UK and Canadian support for Ukraine (Larry does not mention the US and Canadian Ukrainain lobbies in this article or the part that Ukrianians played in the Russiagate soft coup and subsequent attempts to undermine Donald Trump's presidency.)
https://sonar21.com/understanding-the-ukrainian-ss-galicia-division-helps-explain-uk-and-canadian-support-for-ukraine/
Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations (1984-1989)

Responsible Statecraft

Why Russian intellectuals are hardening support for war in Ukraine (Important. The Russian liberals aka Westernizers and "the fifth-column" are becoming hardline on defending Russian sovereignty against perceived attack on Russian statehood by the US and its NATO allies. And it is not just intellectuals. For example, former president and prime minister Dmitry Medvedev has turned from liberal to hardliner.)

Anatol Lieven

https://responsiblestatecraft.org/2022/06/06/why-russian-intellectuals-are-hardening-support-for-war-in-ukraine/

Southfront (sanctioned by the US Treasury Department)
Is [Deputy Chairman of Russia’s Security Council Dmitry]Medvedev ‘Too Harsh’ Thinking Russia Shouldn’t Extend Treaties With The West? (The Russian leadership decided some time ago that the US and its allies are agreement-incapable. This also applies to the Ukrainian leadership which is run by the West."
Drago Bosnic
https://southfront.org/is-medvedev-too-harsh-thinking-russia-shouldnt-extend-treaties-with-the-west/

Consortium News

SCOTT RITTER: The Fantasy of Fanaticism
https://consortiumnews.com/2022/06/25/scott-ritter-the-fantasy-of-fanaticism/

Pages

Friday, July 1, 2022