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Elon Musk, “America is going to go bankrupt.”

Summary:
Musk is arguably a genius, but not when it comes to sovereign money and government finance. 

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Musk is arguably

a genius, but not when it comes to sovereign money and government finance. 
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.

30 comments

  1. #1 company CEOs should be out trying to influence votes.
    #2 Trump and Elon are peas in a pod. They are both grifter's.

  2. Read the book my MIT graduate "Five Equations that changed the world". These people are genius, Musk owns creates nothing. Not a genius but an expert as exploiting people who do create than he dumps them. Not my america.

  3. I happen to believe that mask is not a such a genius. He can be very dangerous if he gets into a government position. Where are all the MMT academics on this? They should have been all over his ridiculous statements.

  4. Ok, then the U.S. gov't has 200-floor high-rises on Boardwalk and Parkplace and you gotta pay the rent 😆

  5. Useless government spending does cause inflation. if the Democrats win they will just introduce socialism into the country. I believe that's what he's referring to. If the government was smart about the money spending, it could obviously lead to economic growth. It is a double edged sword.

    Also it doesn't matter anyways. Once a global financial crisis starts, everything will fall apart

  6. yes please! more weekend videos

  7. Elon prolific in using the fortunes he inherited to exploit workers with half baked business schemes. He’s a dummy.

  8. Elon. He’s not a genius. He’s a charlatan.

  9. Social security is a scam. You talk about capitalism yet you support a form of socialism via social security. You give up your earnings to the government for them to hold on to for 50 years and they redistribute as they see fit. You have zero say with your own money. It is just another tax and a way for the government to control the people. There is no freedom in that.

    • It’s like an annuity. Relax.

    • Maybe a forced annuity. There is no choice to be a part of it if you want to work. What part of the government taking your money and redistributing it is part of free market capitalism? Does it not make more people dependent on government?

  10. So, inflation- too many dollars chasing too few goods- is not happening or is a problem?

    • @robertsutherland7378

      The inflation rate's less than 3 percent now, so no. That would only likely happen if the corresponding demand for U.S. dollars were to decline.

  11. Why is gold so high? And is that trade crowded and worthy of shorting?

  12. Thunderf00ts latest roast of Elon Musk has been released. In summary, SpaceX is jeopardizing the Artemis mission to the Moon.

  13. America cannot go bankrupt and maybe it will never experience hyperinflation but the growing debt will lead to more negative distortions=More drug addicts, more mentally ill people, more homeless, more corrupt politicians and so on…Is that the world you want to live in?

  14. As an older man testosterone therapy helped me in the gym sir, my doctor checks my labs every 6 months and I donate blood 3-4 times a year to keep my hematocrit down so my blood doesn’t get too thick and I take a low dose statin

  15. Elons ego is not his amigo 😢

  16. Hey Mike, can you talk about gold and silver?

  17. Mike can you please review your gold short analysis?

    • You are not a subscriber to my report as far as I know. Subscribers have been given a number of buy entry levels for trading purposes far below current levels. However, my longer term macro view is still bearish.

    • I was a subscriber long ago, cancelled due to lack of value imo

  18. @josephstupar3372

    If the interest is about 1 trillion a year now and we keep growing the debt isn’t that going to be hard to service?

  19. Your vote for Trump is a vote for Musk in control of the fiscal. He’s not going to cut the funding to space X or the subsidies for Tesla. He’s going to cut funding for government programs that help people, like social security and Medicare!!

  20. @markschuette3770

    i don't see how musk could be a genious and support trump !!! ??

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