When the U.S. national debts does reached 17 trillions or more and those creditor nations stop purchase U.S. bonds. We better hope this freak won't end up with LOTS of bullets in his head.
@stripe64 Rather is it, simply a matter of decorum and the logic which governs discussion. But in stronger proof against you, upon one party's suggestion of one or two, and then the other to extend that to "thousands of examples", to put extreme statements in the mouth of the other party is not argument, but the destruction of argument. In logic then, you got zip—sorry Buddy, . . .
O' wait you lack the brainpower to understand how wrong and silly you look then and now. Everything you deliver as "prove" is utter bullshit that is out of touch with reality everyone else sees around them!
@TheEVEInspiration I think, probably, at first, Mike used to get a kick out of your posts, . . . just to know where some of the very much less educated low-life kind, were.
In a couple of years it will be a bunch of videos on youtube demanding you apologize to Peter Schiff... Again! Do you look at the clip of Peter Schiff, you and some others from 2006? fun clip!
@Andersll11 If those other guys are right, I would to be informed as to why, concerning pm's, the Bible predicts: "And the gold shall be taken and, they shall cast their silver in the streets.", . . .
Gold is substantially higher than it was in 2008 or 2009 or 2010 or 2000-2008. You are missing the biggest problem of them all, the one that is really going to damage us, the peaking of oil production. What do you think copper is going to cost when diesel is $10 a gallon and our best copper mines are at 0.1% ore grade? What is wheat going to cost when farmers are paying $10 gallon for diesel to run tractors and other farm equipment?
I love people like you. Everytime the market makes a small short term turn you bash people like schiff who look long term. When gold drops a few 100 you're raging about the ignorance of people who baught it and how it's a bubble. I hope you keep these videos up a few years from now.
I'm surprised there are so few that pay much attention to your short message here. This message may be short but it is so clear, concise, and to the point it makes 100% sense. I think that's what it is today; not many people like "sense". Instead they gravitate to "nonsense".
Rather than invest in AU bullion; invest in AMERICAN BULL LION! Because neither the CHINESE, nor the RUSSIANS, nor OPEC, nor INDIA, nor Brazil can afford to let AMERICA FAIL! Those WHO divest from the WEST, from US and the EU; do so at the RISK OF EVERYONE! This INSaniTABILITY must be reduced ASAP! The NEW MARKETS demand it! The Conflict-Profiteers' days are numbered: we're catching on to their INSANITY! They will face PROSECUTION!
Anybody with any real genius KNOWS that IF..and G*D forbid that would ever happen..the sh-t would hit the fan..then AU would be as worthless as the Chemically Polluted Atomic Dust that would cover the googleplex trillions of deformed cockroaches that would feed of the festering corpses of the zillions of mutant rats that would swarm the cracked gutters of the millions of ruined cities that would dot the face of a blasted planet once called EARTH! No roach or rat would need any odd survivor's AU!
Hi Mike. Did you ever consider trying to make yourself understood without resorting to name calling and personal insults? Maybe if you did that you would not have to absorb so much negative feedback. Just a thought.
@inuvwxyz Another YOU TUBE channel surfer who cannot hear. People don't know how to hear and they don't listen. There's no name calling here or personal insults. Why don't you try to answer the questions instead of making false accusations? Think about that. Just another example of a poster with monumental ignorance.
But whether you agree or not, the banks and corporations cannot continue to play with imaginary money in this magical, win win, derivatives market. With over $1.4 quadrillion being passed around in their cup and ball game, and the exponential growing occurrence of credit default swaps, the risks of failure are all too apparent in the part 3 years. The fed realisticly cant print more money than the GDP of entire world in ~10 years. It is simply an irresponsible and corrupt practice.
Im sorry, im no genius, but youre pretty far from living in reality. The banking system is still playing in their dream world that we created for them. The FED covertly lent out $14+ trillion in loans to the big 6, the companies bet majorly in supporting derivatives, and made record profits as they claimed they had solved all their problems and were successful, they also bet in negative derivatives as those loans where repaid. Effectively increasing their total assets 36% overall since 2006.
Absolutely right Mike, but the gold bugs continue to say they're right, just because gold's gone up since '08. The fact that inflation isn't driving it, hence they're completely wrong, doesn't seem to bother them.
What has been better over the last 10 years, 5, years, 3 years, and 1 year? Holding gold or dollars? The answer is the same across the board, with the exception of a few hiccups.
Mile I remember how you touted housing 2 years ago, calling it the biggest opportunity. You released a exclusive hyped up report explaining how housing was about to boom and go to the moon. Look in the mirror before you go searching for imbeciles to ridicule!
Mike, you appear to right and are right, only in the short term. What these guys are predicting will come to pass. Remember that even in nature the tide goes out just before the tsunami comes in. You are smarter than the average guy so be thankful for that. There are not many men who are as wise nor as gifted as Schiff nor Jim Rogers. I can understand your embarrassment with the Peter Schiff was right video but you got to let it go and just laugh it off and stop being so proud. Let it go.
@Lengarces he Appears right because he IS right.In nature people like you would prefer to see a collapse and be right than accept the fact that you don't know anything about economics and not collapse. Peter Schiff is Ignorant to unmeasurable levels. This is so evident it is not even up for debate. EVERYTHING he said has been 100% Wrong! Please tell us all Just how right the Hyper inflation call was. look forward to hearing from you.
@IRopi2 just because the dollar is temporarily strong does not mean that Peter Schiff was wrong. People like you were saying real estate was strong and would never collapse just weeks before the housing bubble burst. The dollar bubble will likewise implode.
@hkrainman Hey before you talk smack, do yourself a favor and inflation adjust Gold from the 80's. Those that bought in the 80's are still down 75%. Even after this big run. Maybe in about 45 to 50 year from now they will make their money back! i you can't find the chart let me know!
World is not static. Things can change dramatically overnight. When the bond bubble will burst, you're going to see all those things you mentioned. Just be patient.
Mike Norman, you were saying exactly the same thing about housing back in 2005, 2006. All those housing bears were completely wrong in your mind, they were all full of nonsense right up to the point of the complete housing collapse. I wonder why you don't talk about housing anymore.
Mr. Norman should have read Michael Hudson's 2006 Harper's article that laid out the housing bubble in detail.
Mr. Hudson shares a similar (if not exact) view as Mr. Norman of the monetary system. This body of work is known as Chartalism, State Money or Modern Monetary Theory.
Thus, Mr. Norman was wrong on housing, but right on the monetary system.
@WilhelmDrake My point is that Mike Norman is claiming some sort of victory when the gold prices are still up 100% since the crash. I think significant USD devaluation is coming, nobody knows when it'll come. It's the same thing with Norman on TV making fun of Schiff about housing prices, back then he seemed to be correct, right up to the point of complete realestate meltdown. Norman is setting himself up for another one of those moments.
Those "imbeciles" are actually geniuses. Rates will rise...just a matter of time. No one can predict when exactly a bubble will burst. Dollar is safe for now since all attention is on europe...just wait till investor focus changes. Europe was "fine" till recently. Gold is still the best performing asset class including this year. Idiot.
The Euro nations are in a position analogous to that of US states but without the benefit of a central fiscal authority. They are users of a currency (the Euro) and must fund themselves as a household or firm by means of revenues or by issuing debt.
They are not creators of currency as most nations are (Eg. the US Federal Government, and those of Canada, Japan, Australia, etc)) and are further constrained in their ability to run deficits.
@WilhelmDrake The US also has its limits in spite of being the holder of the worlds reserve currency. Just take yourself back to the 1970's stagflation. Treasuries plummeted, interest rates skyrocketed. If not for the 20% interest rate hike via Volker, the US dollar would be toast today. The US is setting itself up for another similar situation except this time, the economy cannot even tolerate a 1%+ interest rate since deficit promoting clowns like Mike rule the country
When the U.S. national debts does reached 17 trillions or more and those creditor nations stop purchase U.S. bonds. We better hope this freak won't end up with LOTS of bullets in his head.
ltmikepowell 1 month ago
Have some patience mikey, you will be proven wrong again don't worry.
AustrianEconomics101 2 months ago in playlist Uploaded videos
LOL, mikeydoggy still making an ass of himself on the internets.
stripe64 2 months ago 4
@stripe64 You get a full 500 characters—but yet, you can't give us an example or two, . . .
phillipgaley 2 months ago
@phillipgaley If you need the many thousands of examples spoon fed to you, you came to wrong person.
stripe64 2 months ago
@stripe64 Rather is it, simply a matter of decorum and the logic which governs discussion. But in stronger proof against you, upon one party's suggestion of one or two, and then the other to extend that to "thousands of examples", to put extreme statements in the mouth of the other party is not argument, but the destruction of argument. In logic then, you got zip—sorry Buddy, . . .
phillipgaley 2 months ago
This has been flagged as spam show
@phillipgaley You're arguing with yourself. I take it reading comprehension isn't one of your strong characteristics?
What part of "If you need the many thousands of examples spoon fed to you, you came to wrong person.", do you not understand?
I state facts, there's no need for me to argue with you. Have fun debating your own ignorance.
stripe64 2 months ago
Haven't you suicided yet Mike?
O' wait you lack the brainpower to understand how wrong and silly you look then and now. Everything you deliver as "prove" is utter bullshit that is out of touch with reality everyone else sees around them!
TheEVEInspiration 2 months ago
@TheEVEInspiration I think, probably, at first, Mike used to get a kick out of your posts, . . . just to know where some of the very much less educated low-life kind, were.
phillipgaley 2 months ago
In a couple of years it will be a bunch of videos on youtube demanding you apologize to Peter Schiff... Again! Do you look at the clip of Peter Schiff, you and some others from 2006? fun clip!
Andersll11 2 months ago
@Andersll11 If those other guys are right, I would to be informed as to why, concerning pm's, the Bible predicts: "And the gold shall be taken and, they shall cast their silver in the streets.", . . .
phillipgaley 2 months ago
Gold is substantially higher than it was in 2008 or 2009 or 2010 or 2000-2008. You are missing the biggest problem of them all, the one that is really going to damage us, the peaking of oil production. What do you think copper is going to cost when diesel is $10 a gallon and our best copper mines are at 0.1% ore grade? What is wheat going to cost when farmers are paying $10 gallon for diesel to run tractors and other farm equipment?
christo930 2 months ago
Wasn't this the clown that rolled his eye and scoffed at Peter Schiff when Peter told him that housing was about to crash?
RattlingBones 2 months ago
I love people like you. Everytime the market makes a small short term turn you bash people like schiff who look long term. When gold drops a few 100 you're raging about the ignorance of people who baught it and how it's a bubble. I hope you keep these videos up a few years from now.
panzerkilla 2 months ago
I'm surprised there are so few that pay much attention to your short message here. This message may be short but it is so clear, concise, and to the point it makes 100% sense. I think that's what it is today; not many people like "sense". Instead they gravitate to "nonsense".
newsunit 2 months ago
Rather than invest in AU bullion; invest in AMERICAN BULL LION! Because neither the CHINESE, nor the RUSSIANS, nor OPEC, nor INDIA, nor Brazil can afford to let AMERICA FAIL! Those WHO divest from the WEST, from US and the EU; do so at the RISK OF EVERYONE! This INSaniTABILITY must be reduced ASAP! The NEW MARKETS demand it! The Conflict-Profiteers' days are numbered: we're catching on to their INSANITY! They will face PROSECUTION!
TheFreeAdviceMan 2 months ago
Anybody with any real genius KNOWS that IF..and G*D forbid that would ever happen..the sh-t would hit the fan..then AU would be as worthless as the Chemically Polluted Atomic Dust that would cover the googleplex trillions of deformed cockroaches that would feed of the festering corpses of the zillions of mutant rats that would swarm the cracked gutters of the millions of ruined cities that would dot the face of a blasted planet once called EARTH! No roach or rat would need any odd survivor's AU!
TheFreeAdviceMan 2 months ago
Hi Mike. Did you ever consider trying to make yourself understood without resorting to name calling and personal insults? Maybe if you did that you would not have to absorb so much negative feedback. Just a thought.
inuvwxyz 2 months ago
@inuvwxyz Another YOU TUBE channel surfer who cannot hear. People don't know how to hear and they don't listen. There's no name calling here or personal insults. Why don't you try to answer the questions instead of making false accusations? Think about that. Just another example of a poster with monumental ignorance.
newsunit 2 months ago
Will all these people predicting hyperinflation please give me their worthless Federal Reserve Notes? I would be glad to take it off their hands.
scitops 2 months ago
Give 'em hell, Pike !...
sternumagnum 2 months ago
But whether you agree or not, the banks and corporations cannot continue to play with imaginary money in this magical, win win, derivatives market. With over $1.4 quadrillion being passed around in their cup and ball game, and the exponential growing occurrence of credit default swaps, the risks of failure are all too apparent in the part 3 years. The fed realisticly cant print more money than the GDP of entire world in ~10 years. It is simply an irresponsible and corrupt practice.
frischn1 2 months ago in playlist More videos from mikeydoggy
Im sorry, im no genius, but youre pretty far from living in reality. The banking system is still playing in their dream world that we created for them. The FED covertly lent out $14+ trillion in loans to the big 6, the companies bet majorly in supporting derivatives, and made record profits as they claimed they had solved all their problems and were successful, they also bet in negative derivatives as those loans where repaid. Effectively increasing their total assets 36% overall since 2006.
frischn1 2 months ago in playlist More videos from mikeydoggy
Absolutely right Mike, but the gold bugs continue to say they're right, just because gold's gone up since '08. The fact that inflation isn't driving it, hence they're completely wrong, doesn't seem to bother them.
AntiSchiff 2 months ago
What has been better over the last 10 years, 5, years, 3 years, and 1 year? Holding gold or dollars? The answer is the same across the board, with the exception of a few hiccups.
You sir, were "god awfully" wrong on real estate.
patrikkorda 2 months ago
You talk like this crisis is over or is non-existent. We're just getting started.
Let re-watch this in December 2012.
flahr1 2 months ago
Patience is a virtue.
helpendthefed 2 months ago
Mile I remember how you touted housing 2 years ago, calling it the biggest opportunity. You released a exclusive hyped up report explaining how housing was about to boom and go to the moon. Look in the mirror before you go searching for imbeciles to ridicule!
malumalumalu 2 months ago
Mike, you appear to right and are right, only in the short term. What these guys are predicting will come to pass. Remember that even in nature the tide goes out just before the tsunami comes in. You are smarter than the average guy so be thankful for that. There are not many men who are as wise nor as gifted as Schiff nor Jim Rogers. I can understand your embarrassment with the Peter Schiff was right video but you got to let it go and just laugh it off and stop being so proud. Let it go.
Lengarces 2 months ago
@Lengarces he Appears right because he IS right.In nature people like you would prefer to see a collapse and be right than accept the fact that you don't know anything about economics and not collapse. Peter Schiff is Ignorant to unmeasurable levels. This is so evident it is not even up for debate. EVERYTHING he said has been 100% Wrong! Please tell us all Just how right the Hyper inflation call was. look forward to hearing from you.
IRopi2 2 months ago
@IRopi2 just because the dollar is temporarily strong does not mean that Peter Schiff was wrong. People like you were saying real estate was strong and would never collapse just weeks before the housing bubble burst. The dollar bubble will likewise implode.
Lengarces 2 months ago
@Lengarces No you got it backwards It was temporarily down!
Don't talk to me about real estate because he lost 60% of his money in that too. You can't predict something and lose your ass can you? NO!
US Assets are 78 trillion US debt is 15 trillion you still think the $ will implode? ROFL Stupidity! USD is no where near imploding! Your so naive!
IRopi2 2 months ago
@Lengarces exactly, the crazy amounts of debt by governments of all levels cannot be sustained.
The amount of inflation here in Canada since 1995 is astounding! Housing, fuel, food, cars -- but wages barely moved. Tech junk is cheaper tho.
flahr1 2 months ago
@flahr1 German and Euro debt yes as they are effectively foreign/Euro currency users.
Monetarily Sovereign countries like the US, Japan etc can create enough money demand to fully employ unemployed labour and capital at stable prices.
WillOrng 2 months ago
Do yourself a favor and look at a US dallor vs. all world's hard currencies
50 years chat. It's self explainatory
hkrainman 2 months ago
@hkrainman Hey before you talk smack, do yourself a favor and inflation adjust Gold from the 80's. Those that bought in the 80's are still down 75%. Even after this big run. Maybe in about 45 to 50 year from now they will make their money back! i you can't find the chart let me know!
Minethis1 2 months ago
Bravo Mike! Excellent calls!
But if you want high ratings on youtube. You should just write a book to fear mongering, telling them how the end of the world is weeks away. LOL!
XESTISS 2 months ago
PETER SCHIFF
ieatu4brunch 2 months ago in playlist Uploaded videos
@ieatu4brunch Your a Classic IDIOT!
XESTISS 2 months ago
World is not static. Things can change dramatically overnight. When the bond bubble will burst, you're going to see all those things you mentioned. Just be patient.
Appitjuh 2 months ago
@Appitjuh Thats because your paranoid bearshitter!
XESTISS 2 months ago
@Appitjuh Just like Japan's?
WillOrng 2 months ago
Mike Norman, you were saying exactly the same thing about housing back in 2005, 2006. All those housing bears were completely wrong in your mind, they were all full of nonsense right up to the point of the complete housing collapse. I wonder why you don't talk about housing anymore.
604johny 2 months ago
@604johny
Mr. Norman should have read Michael Hudson's 2006 Harper's article that laid out the housing bubble in detail.
Mr. Hudson shares a similar (if not exact) view as Mr. Norman of the monetary system. This body of work is known as Chartalism, State Money or Modern Monetary Theory.
Thus, Mr. Norman was wrong on housing, but right on the monetary system.
WilhelmDrake 2 months ago
@WilhelmDrake My point is that Mike Norman is claiming some sort of victory when the gold prices are still up 100% since the crash. I think significant USD devaluation is coming, nobody knows when it'll come. It's the same thing with Norman on TV making fun of Schiff about housing prices, back then he seemed to be correct, right up to the point of complete realestate meltdown. Norman is setting himself up for another one of those moments.
604johny 2 months ago
Those "imbeciles" are actually geniuses. Rates will rise...just a matter of time. No one can predict when exactly a bubble will burst. Dollar is safe for now since all attention is on europe...just wait till investor focus changes. Europe was "fine" till recently. Gold is still the best performing asset class including this year. Idiot.
malumalumalu 2 months ago
@malumalumalu
The Euro nations are in a position analogous to that of US states but without the benefit of a central fiscal authority. They are users of a currency (the Euro) and must fund themselves as a household or firm by means of revenues or by issuing debt.
They are not creators of currency as most nations are (Eg. the US Federal Government, and those of Canada, Japan, Australia, etc)) and are further constrained in their ability to run deficits.
WilhelmDrake 2 months ago
@WilhelmDrake The US also has its limits in spite of being the holder of the worlds reserve currency. Just take yourself back to the 1970's stagflation. Treasuries plummeted, interest rates skyrocketed. If not for the 20% interest rate hike via Volker, the US dollar would be toast today. The US is setting itself up for another similar situation except this time, the economy cannot even tolerate a 1%+ interest rate since deficit promoting clowns like Mike rule the country
malumalumalu 2 months ago