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Is there still gold in Fort Knox?

Summary:
Lol, Trump and Elon are going to check to make sure it’s still there. 

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Lol, Trump and Elon are going to check to make sure it’s still there. 
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.

24 comments

  1. Let me get this straight. The deficit doesn’t matter, but it’s up to us, the non-government, go after and get it. Everybody so worried about the deficit and how much money government spending, but then great that’s for us (you) to go out and get it. Then why are you broke if there’s so much money going around and being printed? Get to work!

  2. I thought other things led to the Spanish fall its hard to believe a couple pirates did them in maybe the were a factor in the fall by I highly doubt it was the main reason from watching other sources talk about the fall of the Spanish empire

  3. @nicholasgomez2485

    That’s the guy you voted for. Vote for a clown. Get a circus.

  4. The Bank of England stores Australian Gold in their Vaults.

  5. Gold was stolen from there on August 16 ,2003 during the blackout

  6. We're not going to mars, please research, common sense sceptic channel. Trump musk are (bad) actors, it's a circus. They will crash the economy, all planned my friend

  7. @patrickdennis7041

    If Central banks are leasing out Gold, That would make it an asset. The Banks label Gold as a Tier 1 asset. The USA has made a Cult of the Dollar. I realize that everyone has their interpretation of economics. I feel that the USA Defaulted on the Dollar in 1971, by decoupling from Gold. The world barely flinched, I think. The USA broke the Bretton Woods agreement of 1944. And I get it, The US must continue on with the cult of the dollar and Money has changed much since 1944 and 1971. The USA could not buy More Gold, that would send the wrong message to the world. other central Banks can sell the Dollar and Buy Gold.
    The Reason That The USA defaulted/decoupled from gold was because of budget deficits. The USA was spending too much money on the Vietnam war. France realized that the dollar value was much less than Gold. France and other countries feared that the USA deficit would rupture the Bretton woods agreement. France sent war ships to NYC to repatriate there Gold. After that Nixon Temporarily stopped the convertibility of the Dollar to Gold.

  8. Leprechauns emptied Fort Knox decades ago.

  9. Govt spending is major issue. They have to shut deficit spending and balance the budget to have a strong currency and reduce inflation Russian oil coming to th emarket will lower the inflation as oil prices will go down

    • @@sunilsaxena1082 believe me, a deep and long lasting recession will be a much much bigger issue, which is what will happen when government spending is cut.

    • @TheRepublicOfUngeria

      What you are missing in your understanding here are incomes. A contracting money supply doesn't actually make things less expensive in any real sense, it just lowers prices by lowering incomes, so while everything costs less dollars, it is only because you are making less dollars. But this is just a theoretical understanding in which we assume that the new policy doesn't change quantity and quality of goods and service production in the process. Practically: you actually completely destroy the economy through a rash of mass forced deleveraging which lowers supply and thus makes everything MORE expensive in real terms.

  10. @DavidSaunders-s6w

    Never mind Ft Knox … You need to stop boxing and PROTECT YOUR BRAIN. Please. Consider this 68 year old guy's food/exercise regime: https://www.youtube.com/watch?v=0MlNv5hd7sQ and the science in Peter Rogers MD's videos (I'm not commenting on his religious & social views). We want you (and Tom Hickey!) commenting on the world 30 years from now.

  11. "Robert Kiyosaki warned that if Fort Knox gold is missing, the U.S. economy could collapse, the dollar would crash, and global chaos could be inevitable."

    Will someone please pull the plug on this guy.

  12. Gods Money for 2 thousand years. Tier 1 asset to settle central bank debts. Asteroid do not have gold.

  13. Cryptocurrency exchange Bybit hacked for $1.5 billion

  14. @financeeconomics1057

    It's like a money, Goldfinger.

  15. @Everysingletimeowitz

    I’m hearing talks of a potential government shutdown on March 14. What are your thoughts on this Mike? Do you think it will happen?

  16. imo gold represents a unit of true labor .. not anything man made by any gov, corp, or religious entity . it is the only element in periodic table that is perfect for the status . not too abundant and not too rare , its physcial properties are a match as well does not rust rot or decay and is not dangerous ( not to mention beautiful ) but that doesnt matter .. when any of the 3 above entities can create any other form of unit of labor i.e money . thats when the form of control imbalances step in .. for example if i had a massive gold hoard and wanted to control a politician or a bio lab lol i would have to pay to get what i wanted done and then lose my wealth for good … key strokes or printing well ….

  17. A friend of mine told me a story about his
    Grandmother, an Easteuropean cleaning lady, who on each weekend went to her bank and withdrew all her savings, then right at the tellers window counted the money- satisfied all was there- deposited it all back into the bank.

  18. Mine an asteiorid? Does he know how much it would cost just to take a dump on that asteroid

  19. Hey Mike, remember Geraldo Rivera's The Mystery of Al Capone's Vaults

    Thirty million viewers watched, making it the highest rated syndicated special in history.[1]

  20. So Mike. With Trump and Elon destroying the lives of Federal Workers by cutting their jobs, how are automatic stabilizers suppose to balance it out. The loss of federal spending on wages and benefits are much higher than unemployment.

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