Monday , November 4 2024
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There’s no such thing as “sound money.”

Summary:
Whoever came up with this term is an idiot.

Topics:
Mike Norman considers the following as important:

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Whoever came up with this term is an idiot.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

19 comments

  1. This is the Mike i subscribed to 😂😎 Never change Mike

  2. Classic Mike

  3. @nicholasgomez2485

    It is lack of imagination.

  4. "sound money" has been made popular by the crypto crowd

  5. Mike, Japan's annual GDP growth has declined since 1980 in concert with large increases in debt to gpd. High debt reduces gdp growth.

  6. 😂💯❤️

  7. Imagine the speedometer on your car stopped at 50 km/h because the system ‘ran out of kilometers.’

    That is the essence of sound money

    • if it's that obvious and understandable then why is it that Mike is on here everyday trying to explain it away. I still don't see why Mike think its ok to print money and devalue my current purchasing power of my hard earned dollars and into the future. I think its you that is confused.

  8. @Thomas_Paine1286

    Stock market going to run hard tomorrow 🎉🎉🎉🎉

  9. Sound Coke, not that Classic **

  10. more videos in 1 day… i can get used to it 🙂

  11. @frankperrott6048

    They use that argument against the dollar or treasuries. The reality is nothing is more sound than to hold the dollars needed to pay your taxes. The more backwards the narratives the closer I think we are to a change in market directions.

  12. @MomentsInTrading

    When Hollywood makes a movie, part of the budget goes to pay a guy to improve the sound quality of the dialogue. That’s sound money right there!!
    (Sorry, bad joke 😂😂)

  13. It's idiotic how many of these ignorants think they know something that other people who have actually studied the subject have missed.

  14. "Dollars" represent a claim on the productive capacity of the U.S. economy. If the gov't inserts dollars that are not produced by the economy, it dilutes the value of those dollars. That is why the dollar has lost 98% of it's value in the past 100 years.

    • if it's that obvious and understandable then why is it that Mike is on here everyday trying to explain it away. I still don't see why Mike think its ok to print money and devalue my current purchasing power of my hard earned dollars and into the future. I think its you that is confused.

  15. 🤭That was fun😹

  16. Mike if it's that obvious and understandable then why is it that you are on here everyday trying to explain it away. I still don't see why you think its ok to print money and devalue my current purchasing power of my hard earned dollars and into the future. I think its you that is confused.

  17. Elon musk to the rescue..doge coin 😅😅😅

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