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Weaponization of the dollar has left many countries, and the world, really, with no other choice but to find an alternative. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman
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Weaponization of the dollar has left many countries, and the world, really, with no other choice but to find an alternative. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman
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| Weaponization of the dollar has left many countries, and the world, really, with no other choice but to find an alternative. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman |
Mike, come on…the weaponization of the dollar pre dates Trump…
right on! E.L.S
It is all about America's EXCESSIVE use of sanctions because it is global hegemon and wants to stay that way for as long as possible.
https://www.theatlantic.com/politics/archive/2019/05/why-united-states-uses-sanctions-so-much/588625/
@m mtl would you rather deploy more American soldiers? Not me…
@Eat,Laugh,andStupid The deployment of more American soldiers continues, regardless of what I would rather happen and regardless of sanctions. It is also all about preserving GLOBAL HEGEMONY. The militarization of America is an ongoing project.
I think a tax cut is spending in accounting terms.
and not going to stop with joe
Better to sell out to USA to Communist China ? let's help China grow faster the Sleepy Joe Hiden Biden way !!!
I guess you don't get it. That's exactly what Trump did by trashing the whole system. China won!
@Michael Norman how is letting China buy up all the USA businesses good for America ?? and moving all the factories to Mexico ?? , not everyone can be computer programmer working from home !!
Great podcast Mike! You the man!
There is no way the dollar will lose the reserve status without a world war, as history showed. So I believe we are good for now.
That was definitely a great podcast Mike more people should listen for sure
Hey Mike, if Saudis started accepting Bitcoins for Oil what would happen to the dollar as a reserve currency?
Saudi Arabia is a vassal state of the USA and thus, will only accept Bitcoins for oil when America does.
Global income $80 trillion. Saudi oil income $230 billion.
@m mtl yes, they would get bombed otherwise.
@Hamstray Come on man, why you have to take a legitimate question and make jokes at it. There is no way they go to war for accepting Bitcoin as payment
@m mtl What do you mean a vessel state? Why does stop Saudis from making policy to accept bitcoin?
I have one foot in bitcoin and the other in mmt
I agree completely with you on that, these rich guys are the biggest beneficiaries of government intervention.
there's another type of "DOLLAR WEAPONIZATION" going on. i watched the entire DAVOS conference the other wk and i'll sum it up as this. a collusion of corp juggernauts brow beating all international govcos to exploit… err i mean prioritize skin color & crotches (what's done with them (surgically) and how their choice of pronouns, to become a faux superior RIGHT above merit) using them and the virus (lockdowns) to break the will of the western middle class for some vers of the NEW GREEN MEAL. it was centered around old ideas laid out in klaus scwab's new book "COVID-19: The Great Reset Paperback – July 9, 2020"found on amazon that the news says = "CONSPIRACY THEORY." new terms to look out for "BUILD BACK BETTER (try & define that nothing slogan)", stakeholder capitalism and inclusive capitalism (there's a YT channel called that and its by a rothchild). speakin of rothchild & inclusive capitalism, go to yahoo finance under ticker DD scroll thru the news section and u will see the joint COLLUSION of dupont chem, rothchild "inclusive capitalism" and the VATICAN! 3 monsters coming together… "DuPont Celebrates Launch of The Council for Inclusive Capitalism with The Vatican" dec 8, 2020. so imo external forces are threatening… i mean influencing internal grifters to do as they say & do if they wanna keep their riches and power, in return we keep that reserve currency. so its lockdown & mask up citizens and let in any & all south americans unchecked to roam free… you're seeng it play out right now.
MMT may give a guidance to surf the best waves but it doesn't address systemic rot & erosion of freedom and independence. 2 things i'm looking at: GLD charts in a downward & weakening trend, PPLT charts doing the opposite & reaching multi yr highs..
The biden admin is the old obama admin…. difference was obama told you his agenda or at least lied bout what he was gonna do, biden said when asked about situations, "NONE OF YOUR BUSINESS!" now that's change you can believe in…
any with time watch this from SALESFORCE CEO state "capitalism is dead." DAVOS 20' before the virus. it means they (big tech & CORPS) are going to control the means and ends of a global economic system. just think how grand it will be when banks decide 'we no longer want your patronage,' with no reason given except wrong think (laura loomer) and or hate you like potus 45. remember how all this started, alex jones and it hit jimmy dore in recent weeks. davos jan 2020 youtube.com/watch?v=mlpMomsOWxA also look up article titled "Nevada wants to let tech companies start their own governments" feb 5 21' if that's too conspiracy theory for your weak mind, do a search on that thesis and pic your fav source..
I agree 100%. I think the world figured out how the Fed coopted the distribution of dollars through bailing out of the toxic assets (the NINJA loans, lmfao how could they not?). Devaluing their treasury holdings. And they figured out we were going to do it again with the next down turn. Like now. If you connect the dots Trump is tied to Wilbur Ross who was his credit manager at R0thschilds. I think Trump intentionally tried to dismantle this system at the behest of his handlers. Maybe they want the Euro to be the next world reserve currency. All this talk from Klaus Strauss, Georgieva, and LaGarde about The Great Reset (a mere 3 months after world lockdown). The implementation of ISO 20022 and integration with SWIFT. The subsequent delay of Swift's Target2 (maybe at pressure of the Fed). The SEC shutdown of Ripple which is simultaneously being touted by the ECB and IMF as the network for their goals. It's not all coincidence. The damage has been done with precision.
The only recourse for Biden was to cancel the Keystone XL. Was it a done deal with Saudi Arabia? Or a gesture to bring them back to the table for negotiations? Remember the fist pump with Putin and sitting next to him at the G20? Like old buddies in high school. I think it was a gesture. That gesture would look empty handed without Keystone XL and not invading Iran.
So I'm holding gold. I'm holding silver. Won't happen at once but the dollars last days will come. Meanwhile you all better make some dollars!
i guess, since nobody else is willing to run large enough trade deficits the world will just have to do without a reserve currency at all. not that that is a bad thing.
Sanctions are in response to those countries' evil actions.
Not even for a thousand years. The Dollar is still king.