by Summary:
Trump‘s push for bitcoin may backfire in a big way. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Trump‘s push for bitcoin may backfire in a big way. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| Trump‘s push for bitcoin may backfire in a big way.  |
Mike you fail to realize that there are people that want the USA to collapse.
If not implode than strongly resemble what now exist in North Korea, Russia, China,…
What you see as ignorance is actually a plot.
So while we currently don’t have a Chinese credit card, we will.
The dollar will be pegged to a basket of currencies and crypto and welcome Hell. 🙂
If govt stop selling treasuries, how it would fund the deficit? crediting bank accounts balances of govt entities?
Inflation would get out of control if treasuries weren’t issued.
@@Albertoesquer by "fund the deficits" do you mean "credit the TGA"? Let's say the TGA no overdraft rule were abolished and the TGA were allowed to go deeper and deeper into the negative, then so what? It just shows how many more dollars the federal government created than it destroyed. If the TGA needs crediting before spending, then why not credit it with Congressional allocations rather than forcing the Treasury and Fed to go through all these convoluted accounting gyrations?
The goal of draining reserves is for deflationary purposes, or am I mistaken?
Nope, it is not needed, the interest could be paid directly into reserve accounts, but it would shatter the borrowing illusion
Treasuries are used for a wide range of reasons…annuities, superannuation, insurance and for all other purposes such as hedging swaps etc. The risk free assets must be available in the modern fiat currency system.
True!
You are spot on
Appointing people who don't understand what they're doing is a tradition on Capitol Hill.
You don't need to fund the ( deficit ) BECAUSE THERE ISNT ONE. Wake up!!!! How is printed money debt??? huu.
Why is Trump obsessed with Greenland? Everyone knows it's the Moon that has green cheese.
Good vid!
I get MMT but when you have idiots controlling it of course you'll have people questioning it. For all the good it provides there's so much malinvestment and abuse.
Well put, well said Mike. Another important video. Many thanks.
I think all the crypto stuff goes to show you Trump or his administration don't actually care about crypto, they're just playing nice with Trump's crypto donors.
You voted for the dope.
I've been a member of Mike's team for almost 5 years now. My only regret is not joining sooner. Nobody has a macroeconomic handle on the markets like Mike. What I value the most, is how Mike keeps his finger on the pulse of the daily market activities a keeps his traders up to date with real time emails that contain the most pertinent and necessary information from early a.m. to early evening. This man is a machine!
True, but I think long run that's what they want. They want to tokenize in some way the US Dollar. Bitcoin is a run around an official CBDC, which a lot of people don't want.
By promoting/letting people know that they can generate large returns from Bitcoin/crypto, at least some people will shift away from the US Dollar.
And increase the demand for largely fossil fuel energy to mine crypto when evidence for climate change is undeniable.
Im a Bitcoiner and I imagine a digital dollar for currency and Bitcoin as a currency and store of value, they can co exist. I do understand the irony though 😂
XRP/Ripple 💪🏼
the ONLY reason trump made a u-turn on bitcoin is because the light bulb went off in his head that he could grift his way into billions with his own crypto coin — the future of the dollar & America be damned.
2:51 Truth!
Thanks for the insights, Mike.
9:10 Nope. Commercial banks create credit. Not just the Fed.