by Summary:
I gave this exact date all the way back in September.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
I gave this exact date all the way back in September.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Nick Falvo writes Canada’s 2024 federal budget: What’s in it for rental housing and homelessness?
Robert Vienneau writes Precursors Of The Modern Revival Of Classical Political Economy
NewDealdemocrat writes The snooze-a-than in jobless claims continues; what I am looking for in tomorrow’s jobs report
Bill Haskell writes Monthly payments could get thousands of homeless people off the streets
| I gave this exact date all the way back in September. |
I know how to get rid of the debt overnight! Easy! Just take one day and everyone go on their computer take your mouse and sell your treasuries and move it to your checking account! Done deal 100% would work!
❤❤❤❤❤❤❤❤❤❤👁
Thanks Mike!
Thank you Mike. Learning a lot from
you.
These types of videos are my favorite. I've gone back and watched hundreds and hundreds of your older videos from 5-8years ago. These deep dives and break downs are the best ones.
9:40
yep – it's pretty accurate master MIke with these calls!
But for the inflation question. If goverment spending doesn't create the inflation in working capitalistic society then what is the mechanism that the current inflation target of 2% is maintained?
Thanks again MIke, Glad I bought your Treasury Video a few years back.
The main point is the continuation of the transfer of wealth from the majority to an extreme minority.
Extreme Pareto.
Inflation of prices in dollars is caused by printing out of thin air, no matter how complicated the underlying printing mechanisms are.
and isn't it also true that human population continues to rise alongside the creation of new jobs/exponential productivity, which somewhat offsets the inflation from creation of tax credits/transfer of wealth from minority to majority?
@@johnlawlor5305 IMO more humans means more consumers&slaves for the "stake holders" (cf WEF).
Aka domination of the many by fewer and fewer.
As much as we may like free markets, they lead to concentration. Many companies end up dying or being eaten by the top ones. Especially with technology advancement, which digs the gap even further between small and big companies.
So big companies get the biggest lever ever known to humanity with latest exponential technology.
The majority, not heavily invested in the financial markets, will continue to be slashed by inflation of prices. They will continue to not being the owners/stake holders.
Positive side is many more people will continue to benefit from that technology, as consumers.
@@johnlawlor5305 IMO more humans means more consumers&slaves for the "stake holders" (cf WEF).
Aka domination of the many by fewer and fewer.
As much as we may like free markets, they lead to concentration. Many companies end up dying or being eaten by the top ones. Especially with technology advancement, which digs the gap even further between small and big companies.
So big companies get the biggest lever ever known to humanity with latest exponential technology.
The majority will continue to be slashed by inflation of prices. They will continue to not being the owners/stake holders as they are not heavily invested in the financial markets, the main counter-inflation tool.
Positive side is many more people will continue to benefit from that technology, as consumers.
Look at a purchasing power of the $ since 1913. It’s a joke to say spending doesn’t devalue the $.
I heard and I won’t have it exactly right, that Vanguard came out with a statement that in 2025 the stock market won’t be going up as strong because government spending will be slowing down. That’s MMT! I also heard Yanis Varoufakis in a video say that the European bank does not have treasuries to sell. If they don’t sell treasuries and member countries are allowed to deficit spend to a point then that must prove that there is no such thing as borrowing in your own currency.
Any prophecies on argentina? Msm and monetarists are hyping a surplus as bullish. The economy seems devastated though.
Yeah but what about March 1st- first of the month payments plus a social security payment?
You de man , brilliant 👌
Thanks to the Cold War, people really don’t understand socialism or capitalism for that matter. The differences are more philosophical than scientific.
A decade ago, I remember hearing our economists here complaining on those “business shows” in the news that the reason China Economy is growing so strongly is that they had an unfair advantage over us. They were cheating because their government was providing the resources but companies here had to get them on the open market. This was before I discovered MMT, but they said it would be impossible for us to compete because of our Trillion dollar debt. Now, this seems like a ridiculous stupid reason to be uncompetitive.
I don’t think people, including many Leftists, really understand how much capitalism exists in socialism, borrowing Hudson’s view on that. China has Billionaires, private equity/banks, private ownership and a progressive tax system not that different from ours – pretty much the opposite of what I was led to believe.
I think a lot of the reason the Debt has been turned into the Boogeyman, is that government Debt and taxes is synonymous with Communism. MMT is of course neither left or right, but unfortunately generates that knee jerk reaction that deficits are evil.
If your theory about government debt is correct Mike, then why is inflation such a problem in the US right now?
The market is down barely 1% from your peak. Maybe you're right, but a too early to claim victory.
@johnlawlor5305 IMO more humans means more consumers&slaves for the "stake holders" (cf WEF).
Aka domination of the many by fewer and fewer.
As much as we may like free markets, they lead to concentration. Many companies end up dying or being eaten by the top ones. Especially with technology advancement, which digs the gap even further between small and big companies.
So big companies get the biggest lever ever known to humanity with latest exponential technology.
The majority will continue to be slashed by inflation of prices. They will continue to not being the owners/stake holders as they are not heavily invested in the financial markets, the main counter-inflation tool.
Positive side is many more people will continue to benefit from that technology, as consumers.
Whys it higher now then?
Why shouldn’t it be?
@@mikeydoggy its after this big top we were told about
@@amanzella6508 didn’t you see NVDA earnings?
. Wanted to be long, but this channel said the market already topped.
@@amanzella6508 Even if I had insider information and gave it to you, there's no guarantee you'd make money. You are not me and I am not you. Every person is different and they process and react to information differently. The fault is with you, not this channel. I've said many times that the bigger macro environment is bullish.