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Something very ominous from Trump’s Bitcoin push

Summary:
This could potentially be the biggest upheaval in 80 years.

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This could potentially be the biggest upheaval in 80 years.
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.

21 comments

  1. Bretton Woods Agreement???

  2. click bait and then no bait on the hook.

  3. The ominous thing, with Vivek talking about pegging USD to a basket of commodities, and Gov officials calling BTC a commodity, and Trump and all his team saying that Gov debt is a massive problem, is the risk of moving to a type of Gold standard that will restrict investment capital in the economy. Then, other countries following suit. Essentially, a likely US and/or global depression.

  4. Operation Coffee cup. It is easy to blame the last guy President Obama but not the first Guy Presidents Ronald Reagan with Operation Coffee Cup. So let see if Persident Elect Donald Trump will fix it and make it a single payer system which according to you and every study suggests is the best options for the American Population but when president Trump does not fix it because people will say it is communism, whom will you blame?

  5. @tohellorbarbados4902

    Pssst! Wanna buy some tulip bulps? What oh what, could go wrong?

  6. The way to get affordable healthcare is to deregulate the health industry. Doctors have to go to school for decades. There are a billion rules they have to follow for every procedure. All of these things are what make the costs astronomical. And all I want is a scrip for some antibiotics when I have a cold.

    • @christophermastrangelo910

      Not sure if you were kidding or being serious here? Antibiotics don't work on colds hence the reason to have regulations so some crazy Dr isn't prescribing Vitamin B for depression and cow tongue for heartburn

  7. Privatized healthcare is, from an MMT perspective, as intelligent as horse sh!t

  8. Impressed with your education and healthcare position. Totally agree

  9. "I push 16 shells from a 30 ought 6!" My music is pushing me to acquire weapons!

    Ever consider acquiring fictional weapons, Mike? Invest in a Bladerunner blaster (1982). Better than Bitcoin 😉

  10. Nope, republicans blocked everything obama yried to do. Including his healthcare. Remember MITCH McConnell AND THE REPUBLICANS. Obama had to pass what the Republicans would allow.

  11. Spoiler: sign up and he will tell you the scary ominous thingy. Us older geezers call that a clickbait title. But not on Mike's channel bc that would be whining and we are trying to be men here… real men who dont ask questions just agree, click, like and subscribe.

  12. I mean, the nation's Healthcare was already in private insurance hands before Obama. But you are right, Obama had a chance to do Medicare for all and didn't. But let's not forget that it was even worse before obamacare. It's just obamacare is not Medicare for all. I won't forgive Obama for missing that opportunity.

    Don't forget Mike you voted for Republicans who opposed Medicare for all and faught it tooth and nail.

  13. @QuinnAnderson-gx4kk

    Are you kidding me? The healthcare industry wasn't created in 2008. I agree he didn't do enough, but saying that he cause the healtjhcare industry to be a capitalist endeavor is ridiculous. "Obama care" was a poor attempt to address the issue. Let see Trump do something now that he has control of all three arms. Good luck….

  14. @5:35 ray dallio also said the same thing on changing the world order

  15. Mike in 1980s “Computers are useless”..
    Mike in 1990s “The Internet is useless”..
    Mike in 2000s “Crypto is useless”..

  16. Do you own bitcoin? Hope you do because you will be left behind this bull run 2025.Its about time the masses in the know are rewarded with bitcoin .what else do they have!!!

  17. If we had president Bernie, we would have had medicare for all, but the Dems tripped him up.

  18. Though you are right about what Obama did. This does NOT excuse certain insurance companies from finding ways of weaselling out of doing what people paid them for. Potentially 1000's have died because united healthcare did not pay out claims.

    Lets say a car manufacturer released a car with faulty brakes. 1000's died because of this, and yet, the manufacturer decided NOT to reclaim the car because it would hit their bottom line. This would be a company who have sold a product that does not do what it was claimed it would do when they sold it, and now people are dying.

    This is the same. Just because it isn't visible, doesn't mean that peoples lives aren't affected when the product they've purchased does not work to save their life.

  19. You are wrong Mike with Healthcare

  20. Bitcoin is digital gold! Other countries are already buying bitcoin (Salvador and Bhutan)

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