by Summary:
My saving equates to someone else’s loss of income and savings.
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Mike Norman considers the following as important:
This could be interesting, too:
My saving equates to someone else’s loss of income and savings.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| My saving equates to someone else’s loss of income and savings. |
As Greenspan said ‘there’s nothing to prevent the federal government from creating as much money as it wants and giving it to someone…’
on today's show Mike Norman tells us how to do burn outs in a Camaro ZL1 outside AOC's house in NYC and go through lots of tires haha…
Progressives need…
Mike For Press Sec!
higher fed fund interest rates causes higher coupon dividend yields in US treasuries, thus increase in savings.
Demand raises prices. Quit beating around the bush
Lack of competition raises prices. Markets work due to excess capacity to supply. The question we should ask is why prices aren't higher. Because the other guy is offering a better deal.
@Neil Wilson you are right and lack of competition increases relative demand
Yes and where does the demand come from? Massive money printing! Welcome in the new inflationary era.
@JustAguy right you are
I was waiting for this explanation. The fallacy of composition was something I never got taught in my economics classes. Amazing and simple at the same time.
Exactly shortages cause the higher prices…yet the fed is putting on a show like they can solve that.
Would you talk about the federal funds rates…the charts I've read say it has no effect on the long end. The long end is supposed to indicate future growth expectations …stimulus pulled alot of growth forward…soo I'm not seeing how interest rates would spike.
But the governments of China and Japan do run deficits.
Decreased capacity utilization is one price factor because of an increase in operating expenses to maintain that capacity. You can make many comparisons and conclusions from here, especially in steel.
Thanks 💃🏽
Inflation rate is a fake indicator, in reality the price of many thing increase many times. It’s all supply-demands equation. When too much liquidity in the economy, less supply, price increases definitely. To contain the inflation, we have to decrease the demand or increase the supply, the first way is easier to do, in my opinion, rate hike can decrease the demand, at least what I have seen.
before i found this channel and after i got out of my gold standard trance (after quitting schiff & ron paul money ideologies), i realized a gold std/ fixed money supply that the savers were the biggest detriment to that kind of system and that ben bernanke was correct in saying "gold is not money" & "gold is a asset".
i do still like gold AS A ASSET (but not at these prices) and still have some even after selling the bulk of my hoard near 2k.
NASA is headed to (& should tug back) Asteroid 16, said to contain $10K quadrillion ($10 quintillion) in gold, etc.
Best irony ever, to finally make the fearmongering goldbugs right.*
* Like RandPaul2016 using: "The Dollar Lost Over 90% Value😱!" But that number meant a GAIN! Daddy painted him into a corner with his 2008 run fearmongering 98%. So it was a gain WHILE they were crying HYPERinflation!🤣 (From the meltdown bailouts/stim.)
@Hoops Kevinski lol yup. i cant wait to see em try and haul that thing to a minable space… that'll be a meme factory.
@Punch_Bowl_Turd That's the thing: they wouldn't. (Wanna see their snakeoil monopoly hyperinflated.)
I just wanna see their faces, knowing it exists.
What’s up Mike
That depends: if I had a million bucks and bank 🏦 A offered me 10% savings rate while bank 🏦 B offered me 1% I'm more likely to save my money. Assumption being the banks are not at risk of becoming insolvent. If they both offered low real rates I'm more likely to invest or speculate in other things.
"Large enterprises that dominate markets."
How's their profits? More record profits during a crisis? 🤔…
Even inflation-adjusted, I bet. My LTE🤳 & MRI's 1000% ⬆️ in US vs UA.
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higher rate implies higher savings implies lower demand implies lower prices implies lower inflation
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Mike talked about if he had more income would the increase of money in the economy cause prices to increase. It depends. If Mike was the only guy with extra cash on hand, nothing would happen other than a happy Mike. But, if everyone had extra cash on hand and they all wanted to go to the Grand Canyon for a hike vacation, then if there weren't enough airline seats, the airline price setters would increase prices, car rentals would hike up if not enough cars, canyon area hotels prices would bump up if rooms are hardly available, etc. Mike clearly says this many times and he did mention later in this video that it depends on available resources. When idiot economists and many uninformed folks were told that more money in circulation is what causes inflation, they were not considering the correct cause-effect case.
ever since this guy lost it all in 2008 he sits in his basement making videos meanwhile broke af. I mean if this isn't a sad case of a college grad who had a fake career in finance i dont know what is. Sad thing is if we lived a 100 years ago this guy might have been trained to be useful in society by poeple around him. Became a mechanic or something. Instead he is a hopeful prognasticator. Pointless a$$ career