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The trend of global "de-dollarization" is happening, but ironically it's boosting the dollar, not hurting it. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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The trend of global "de-dollarization" is happening, but ironically it's boosting the dollar, not hurting it. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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| The trend of global "de-dollarization" is happening, but ironically it's boosting the dollar, not hurting it. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ |
Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine verwohn.online Brünette und eine anderew Blondine. Es wäre unfair, wenn ich 4 wählen würde
damn…that's a helluva analysis on de-dollarization and "energy independence." thank you
agreed…exports are a cost…however, if we do not export the gas, global GDP could collapse…creating counter party risk…I see what you are saying though…I enjoy your takes…
Mike, what do you think of zoom?
Glad I moved my 401 back into cash last Wednesday
Exceptional analysis. Thank you Mike.
its alie
6:10 Correction is needed: The Obama Presidency lifted the oil export ban – Not Trump. The ban was lifted in December 2015 https://www.gao.gov/products/gao-21-118
I miss your Jim Rogers impression.
The link to your website redirects me to the google play store.
Go here: https://www.pitbulleconomics.com
"The crisis now unfolding, however, is entirely different to the 1970s in one crucial respect… The 1970s crisis was largely artificial. When all is said and done, the oil shock was nothing more than the emerging OPEC cartel asserting its newfound leverage following the peak of continental US oil production. There was no shortage of oil any more than the three-day-week had been caused by coal shortages. What they did, perhaps, give us a glimpse of was what might happen in the event that our economies depleted our fossil fuel reserves before we had found a more versatile and energy-dense alternative. . . . That system has been on the life-support of quantitative easing and near zero interest rates ever since. Indeed, so perilous a state has the system been in since 2008, it was essential that the people who claim to be our leaders avoid doing anything so foolish as to lockdown the economy or launch an undeclared economic war on one of the world’s biggest commodity exporters . . .
And this is why the crisis we are beginning to experience will make the 1970s look like a golden age of peace and tranquility. . . . The sad reality though, is that our leaders – at least within the western empire – have bought into a vision of the future which cannot work without some new and yet-to-be-discovered high-density energy source (which rules out all of the so-called green technologies whose main purpose is to concentrate relatively weak and diffuse energy sources). . . . Even as we struggle to reimagine the 1970s in an attempt to understand the current situation, the only people on Earth today who can even begin to imagine the economic and social horrors that await western populations are the survivors of the 1980s famine in Ethiopia, the hyperinflation in 1990s Zimbabwe, or, ironically, the Russians who survived the collapse of the Soviet Union."
https://consciousnessofsheep.co.uk/2022/07/01/bigger-than-you-can-imagine/
US is subsidizing oil to continue ukraine war
If you give the "big man" his 10% cut he will ban oil exports or allow oil exports: whatever you want. That's my opinion with that Burisma
history. There appears to be a 10% man. A "big" man. Who can it be? 🤨
I don't understand how you can keep saying the US is a net exporter of oil. The EIA says the US consumes about 20 mbd, and we produce about 11.5 mbd. How does this equate to a net exporter? Mike, I always appreciate your sharing of knowledge and wisdom here, I've learned a LOT from you.
yes it absolutely has. Just not as fast as people think. the US has 30 trill in debt snd they can never pay it back.the only question is when will the that liberal s-hole tank? 5 years? 10 years? anyway the US now losing the unipolar power position in the world after losing big time in ukraine and that will be the first step for the crash of the US. so probably another 5-20 years.
@Fred 4045 You are the one talking hyperinflation, that is the most childish tone if I ever heard one actually. Stop projecting.
@Henry Gustav So you can't answer my question, got it. Hyperinflation is not a funny or childish issue, people die during it in large numbers. You belong on a playground and not in this forum it seems.
@Fred 4045 you haven’t asked a question 🤦♂️ also yes hyperinflation is a serious problem, you should learn how hyperinflations happen.
@Henry Gustav OK, I'll ask it again since you want to play games- where does your freshly printed $30 trillion go now that the fed paid all the US debt off with your "keyboard" without causing hyperinflation? And in our case, hyperinflation will probably happen when that mountain of dollars held abroad comes home because few people around the world want them. Otherwise, do instruct me wise one.
@Henry Gustav With respect, I don't think you are thinking this through. I never said the "rich" would run out to buy $30T in sneakers- did I? With $30T in dollars and NO UST market to soak them up- where will they invest that money to get a return? As Mike correctly said- they would have to use those $30T on things in the USA- so pick something that can absorb $30 TRILLION dollars and not experience hyperinflation. Farmland? Shopping malls? Stocks? Housing? Do you have any idea how much 30 TRILLION is?
Mike is nice enough to spend time with us sharing his thoughts- maybe you should reflect on that and refrain from the childish tone you take with people who don't think exactly like you and enjoy learning from others.
Mike thanks for taking my suggestion to talk about the USD.
Mike's the best! Hoorah!
I knew oil was priced in dollars but this was one of those 'Oh, yeah' moments when you said this. The dollars will flow back into the US when they buy the oil from you and that will increase the amount of dollars in the US circulating? If this went back to the government it would be destroyed as the government doesn't need the dollars. Is this just to the private energy companies in the US that get the dollars? Great insight as always, Mike. Everyday is a school day and a day where you don't know more than you did yesterday is a wasted opportunity.
Personally I think calling "net exporter" with energy independence is just another Trump-publican old "shill" game 😉