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A GOP takeover of Congress in tomorrow's midterm elections is likely to trigger a large market rally. That's what sentiment surveys suggest. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes
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A GOP takeover of Congress in tomorrow's midterm elections is likely to trigger a large market rally. That's what sentiment surveys suggest. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes
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| A GOP takeover of Congress in tomorrow's midterm elections is likely to trigger a large market rally. That's what sentiment surveys suggest. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes |
Noooooooooooo. We enjoy watching your videos. Please don't quit.
THANKS FOR COMMENTING?
( MSG 💬DIRECTLY )!!!
Mike, you just didnt hit the algorithm, when it will kick in you will get a influx x10 the subs you have now. (100%)
THANKS FOR COMMENTING?
( MSG 💬DIRECTLY )!!!
Great channel, one of my must watches, hope you keep doing it
If you want to stop making videos, then stop making videos. Tired of hearing about it every other video. Either do it or don't.
You are not wasting your time! I would listen to you on Spotify. You stop doing those for a while.
You have a great channel but it contradicts what people want to hear. Most people want fear, doomsday news to satisfy their wishful thinking, which could be right one of these days. But do you want to give your good channel up because of this? I don't think so.
Mike, could you explain how bank loans fit into the equation regarding money creation, national debt and untaxed dollars? Why do banks issue Mortgage-backed Securities? When the Fed buys MBSs, is it money "unprinting", because the Fed holds the cash, and receives interest payments on them?
I'll help.
Bank credit creation doesn't create net financial assets aka net savings.
Credit creation does pour money into the economy, same as if you take a cash advance on your Visa to go shopping, you have more money .. but do you really? No. You have more Assets in your wallet but you have more Liabilities in the new monthly payment. You took an advance of $5000 for Christmas presents but you now have $5000 in Liabilities.
One party's Assets are always Liabilities of other parties, and vice versa.
They call the process of credit creation "balance sheet expansion". That means banks create Liabilities (without hard limit) by adding numbers to your checking account, and simultaneously have new assets, which is the loan contract you signed.
If you go back to the 2000s, banks were writing lots of mortgages and home equity loans. In olden days, they would hold those for 15 20 even 30 years. With changes to regulations, that allowed banks to combine mortgages into "tranches" based on estimated risk .. solid low risk loans vs more risk vs dogshit. Combined like making sausage.
Then they would sell that sausage to investment managers, retirement funds, calling it all prime rib.
They said MBS were safer than United States Treasury bonds, bc real estate would never decline in value, but Treasury bonds could become worthless if the US govt "went bankrupt" .. suggesting that the US could become insolvent on Liabilities denominated in US dollars, become unable to pay depositors.
But the only thing the Treasury needs to do to "pay back" Securities is have the Fed move numbers from depositors Securities account back to their Reserve account. A balance transfer on a govt computer system, like moving funds from checking to CD and later from CD to back checking, that's how a portion of "national debt" gets paid off. But that's temporary, bc institutions like IRA or 401k that hold dollars WANT TO MOVE CASH TO MORE T-BONDS, they are craving more "govt debt".
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Mike, don't let one loser determine what you should do. Maybe you are not growing in viewership but you are growing the people that watch consistently. Perhaps it's quality over quantity in this case.
Thanks for the time and effort!
"MMT explained what happened". Agreed. When things don't work out the way monetarists expect, they just say things like, the data is "not cooperating" 😀
Mike, please don't stop the channel! I watch your videos religiously. Today's video was very informative, but I'd really like to see you flesh out your interpretation of MMT. I've tried to ask questions that fill the gaps in the explanation, but you often ignore them.
You need to hire a YouTube consaultant
Personally, I come here for the info and I like what you do. From a business perspective, why not try collaborating, or appearing at least, on other youtube channels. Get a PR person to hook you up. Promote something. If the MSM narrative says MMT is BS, you, Mosler and Kelton need to put your argument to the critics or find some people with genuine questions and answer them. If you have a question here, engage with the audience and keep answering those questions. As Mr. Beast would say, "if you genuinely want more viewers you need to make better videos". If you were to go back 100 videos or 1000 videos, what have you done to improve? It's the same video basically. As I said, I like the video and the constant reminders. But it's obviously not working for you on a personal level anymore.
Honestly, I don't like either party, but f the Democrats. They f'd things up and they know it.
Mike, one thing a some yt content creators do is go on other channels and cross pollinate, bring other people on their channels.
Steve Grumbine interviews mmt people but I think he's gone full angry communist, almost.
You're just rational mmt, left leaning to favor reducing economic inequality.
Other channels like triggernometry are mostly political, and libertarian (+ comedy), but they might benefit from functional finance as I think Wynne Godley (sic?) called it.
Govt spending can be bad — if it's spending on things that hurt society — like hiring a million committed Maoists to enforce CRT policies to punish whites for historical shame & guilt and "white privilege", to teach children they are born oppressors or born oppressed, or to hire a million Administrators to enforce trans rights in girls' locker rooms, and all the language policing and chief of complaining and Marxist "critique", or likewise spending on expanding our nuclear arsenal. We can still maintain the FACTS that ANY of that spending DOES boost fiscal and boosts financial wealth and boosts GDP.
Six figure jobs to enforce "diversity" also lets people buy cars and houses and vacations and fine dining, so that boosts profits and GDP. We might want to hire a million well trained STEM instead, if we want a tech boom like 2nd half of 20th century.
Safe carbon free nuclear power?
Nuclear fusion?
These questions are the "policy proposal" side of mmt.
Mike, it's not about how many views you get or how many people understand what you say. I am sure that you would miss making videos if you stopped. There is something inside you that has the desire to make videos, hence, you keep making videos despite the lack of engagement. Don't dismiss that thing inside you that desires to make videos. It might not be apparent why, but you must trust the omens.
I don’t think they win both houses but will win one
Try different strategies to boost your traffic. Don't give up! I like your commentary.
There are ways. Do some collaborations. Try livestreams. Create a tik tok channel and send viewers to your Youtube channel.
I understand how you feel Mike. I've enjoyed your videos. One thing I will always be grateful for- many years ago I could not understand why Bernanke's QE didn't cause massive runaway inflation. I was listening to Peter Schiff and folks like him. That's how I found you- searching for the answer to that question. You made me "see the light", and how wrong I was. You deserve, and I wish for you, the best in everything!
DM DIRECTLY ON WHATSAPP let's discuss on any issues…
Hi Mike, please keep up the good work! I'm a loyal viewer from the EU! I love your videos and respect and admire You and your work in many aspects very much!