by Summary:
Despite what proponents of modern monetary theory say, America’s current rate of deficit spending is already undermining faith in the dollar as a reserve currency. That is why so many nations are starting to slowly dump their dollar reserves and buy gold. As the dollar loses its reserve currency status, the U.S. will lose its ability to print and borrow money without experiencing runaway inflation. Decades of budgetary mismanagement will catch up with the nation, allowing other nations to usurp its position of economic dominance. The late Herbert W. Armstrong predicted that a massive financial crisis in America would lead to a catalyst prompting the nations of Europe to unite into a superstate. Specifically, he warned in 1984 that a massive banking crisis in America “could suddenly
Topics:
Mike Norman considers the following as important: MMT criticism, MMT critics
This could be interesting, too:
Despite what proponents of modern monetary theory say, America’s current rate of deficit spending is already undermining faith in the dollar as a reserve currency. That is why so many nations are starting to slowly dump their dollar reserves and buy gold. As the dollar loses its reserve currency status, the U.S. will lose its ability to print and borrow money without experiencing runaway inflation. Decades of budgetary mismanagement will catch up with the nation, allowing other nations to usurp its position of economic dominance. The late Herbert W. Armstrong predicted that a massive financial crisis in America would lead to a catalyst prompting the nations of Europe to unite into a superstate. Specifically, he warned in 1984 that a massive banking crisis in America “could suddenly
Topics:
Mike Norman considers the following as important: MMT criticism, MMT critics
This could be interesting, too:
Mike Norman writes My latest podcast is out. I go after the dopey MMT critics.
Mike Norman writes Inside the Bernie economy — Dion Rabouin
Mike Norman writes MMT Critics And Banks — Brian Romanchuk
Mike Norman writes Bill Mitchell — A response to Greg Mankiw – Part 3
Despite what proponents of modern monetary theory say, America’s current rate of deficit spending is already undermining faith in the dollar as a reserve currency. That is why so many nations are starting to slowly dump their dollar reserves and buy gold. As the dollar loses its reserve currency status, the U.S. will lose its ability to print and borrow money without experiencing runaway inflation. Decades of budgetary mismanagement will catch up with the nation, allowing other nations to usurp its position of economic dominance.
The late Herbert W. Armstrong predicted that a massive financial crisis in America would lead to a catalyst prompting the nations of Europe to unite into a superstate. Specifically, he warned in 1984 that a massive banking crisis in America “could suddenly result in triggering European nations to unite as a new world power larger than either the Soviet Union or the U.S.” Mr. Armstrong based this prediction partly on financial conditions in America, but primarily upon Bible prophecy....
For a full picture of why God is allowing such a dramatic calamity to come upon the U.S., read The United States and Britain in Prophecy, by Herbert W. Armstrong.…
The antidote to MMT as the work of the devil.
"If they ignore you, then they attack you.…" I guess.
The Trumpet
Deficit Spending Is Destroying America: Current radical liberal economic ideas are not as unprecedented as you might think.
Deficit Spending Is Destroying America: Current radical liberal economic ideas are not as unprecedented as you might think.
Andrew Miller
Dollar Down Move and Total Crypto Market Cap: The Unseen Obvious
Another goodie.
Printing money combined with high tax rates is a looming reality that has the potential to ignite a major move in the Dollar and crypto.
Today, the Dollar Index ETF (UUP) has rolled over and is likely forming a head and shoulders top formation (Figure 1). Gold is ripping higher (not shown). Total crypto market cap has reached a massive inflection point from two different Fibonacci tools (Figure 2). The implication of this analysis is that total crypto market cap can accelerate as it climbs higher.Crypto IQ
Dollar Down Move and Total Crypto Market Cap: The Unseen Obvious
Bill Noble