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We'll be going back up sooner than I thought.
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We'll be going back up sooner than I thought.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Moving forward
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NewDealdemocrat writes Retail Real Sales
Angry Bear writes Planned Tariffs, An Economy Argument with Political Implications
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Vitamin D3 x 5k-10k international units per day plus Vitamin K2 (MK7) x 200mcg per day. Beat the cough, keep the sunshine in during winter. The latest science. Check it out.
Mike I try explaining this stuff to people their eyes roll back in their head and they really don't want to hear it. I don't know what it is why they are that way I have no clue. That clown has 100,000 subscribers and you've got what 7000 it's crime a real crime. I thank you for what you're doing Mike telling the truth.
No more arctic running. Stay healthy!
#stocks #stockmarket #SPY
Hey Mike , love your take on everything.
Mike, keep doing what you are doing, there are so much cognitive dissonance in the topics of economics that it is really hard for them to think from the macro or the aggregate level.
Mike is tough as nails . We love you brother.
Merry Christmas, Mike…thank you.
I hope u don’t mind 1) i shared link to ur video on Heresy Financial comments and asked him to do a feature/interview you. This is how u could get more subscribers… i would pay for ur service but i cannot afford it. But I appreciate ur videos so much so i am trying to help u get more subscribers
The government is the creator of the currency. Why should it borrow its own currency when it can create as much as it wants. That makes no sense at all. There's nothing to stop it from creating as much currency as it wants and paying it to someone. Of course there's a risk of inflation if adequate real resources aren't available.
Mike….. Quercetin, zinc, vitamin C, vitamin D3 5000 IU everyday. Stimulate your natural immune system. If you have a south window get that sunshine with your shirt off and shorts for an hour or two. Vitamin D is a miracle.
Mike: Try Apple cider vinegar (raw or unfiltered with honey, 1 part honey to 5 part ACV and mix 2/3 tablespoons of it with half a glass of water. Fix you up in no time! twice a day and Bob's your uncle!
Same here gloomy, wet snow, power lines down, running on a generator
I like that Dollar tree store from Mike.
I've a question regarding the swimming pool analogy, maybe some people can help: If I go to a bank and take a credit / mortgage etc., doesn't that also create new money / currency because of fractional reserve? So why is only the govt able of filling the pool? Wouldn't it also be filled up (or drained vice versa) by credit expansion of privat economy?
Yes bank loans create new money. (But banks do not lend depositor's money which your fractional reserve comment intimates.) New loans create new deposits. The big difference in banks creating new money is that it is done via an underwriting process where lending is predicated on collateral. So the assets and liabilities of the bank and the borrower cancel each other out in double entry bookkeeping. Financial assets are backed by real assets. The real assets would be converted to financial assets in the case of borrower default.
Government spending is done via appropriation from Congress. No collateral other than the strength of the underlying economy and the real resources and services being available for the government to purchase.
@Robert Kelly Thank you so much for that explaination, highly appreciated. Do you know where I could learn more about that stuff and MMT? Maybe books, videos etc. My focus has been on austrian economics.
Banks? Fractional banking? Well it's possible that people will loose confidence in the ever growing swimming pool and
loose trust in "the water" and then everybody will pump back the water to the pool as quick as possible: that's hyperinflation.
Hyperinflation means nobody jumps in "the pool" anymore because it lost it's purpose. People go back to the real water then:
precious metals. And that's already happening if I look at the premiums on gold and silver.
Thanks again Mike, it's so good to understand, there's a lot of nonsense out there.
I actually watch the brown guy sometimes too. He makes me feel more comfortable knowing that most people don’t understand how it works and their panic creates opportunities for the rest of us
Wasn’t Japan trying to achieve inflation? Are they doing the right thing for the wrong reasons?
Japan just reported a 3% inflation rate recently, but they expect that to fall slightly in the future. The BOJ has said in the recent past that they want to maintain a target 2% inflation rate.
But long term Japan has a shrinking and aging population and that is causing their economy to grow very slowly.
You see Mike… I told you things would improve with the correct changes. Great Job!
call that dude out and have a interview/ debate….