Fed "prints" $29 trillion. Dollar goes up!!

[ltmikepowell]

Print more money and the value goes up. Wait a minute, is this freak a drug addict? Or maybe he's asking his angry investor to blow his head to pieces?

[myhipsi]

Mike, you might want to look at a 10 year gold chart. Gold has gone from approx $285/oz in January of 2002, to the current $1651/oz. That's a 579% increase relative to the U.S. dollar over ten years. I think that's a mighty fine hedge against inflation, don't you?

Either you have an ulterior motive and are a liar (which is my contention), or you're unbelievably ignorant.

[IrradiateTheNWO]

untwist your panties 

[CCMochi]

Mikey!!

Dude - you look sharp but... What happened...? I'm having a flashback of your videos on Fox business from '07/'08. Some serious stress must have come on since that time.

In any event, keep on keepin' on Brother -

[vegaswolf]

If all those people can sell gold so easily for cash, why do they have gold in the first place and just not have cash? Cause it has "value" perhaps?

[ElAsaltaCulos2]

Hey, buddy, do you have any gold to sell? I'll buy it from you with federal reserve notes. It's a win-win, Mikey

[perfectfailure23]

Please post a new video telling everyone that you made a mistake. This is not economics, this is weighing paper against paper. This is completely useless unless your goal is to trade currency. Maybe you can make a video response that shows how we have just caught up to real GDP of 2007 but current dollars show us well above that year due to inflation. Maybe you can make a video about how we had low inflation during the dip when we should have had deflation. Make yourself more useful.

[TheBullionBull]

A real "dollar index" would be weighted against gold, crude oil, wheat, corn, steel, and cotton, not Euro, Pound, Yen, SKrona, Can Dollar, and CH Franc.

[AroundSun]

This guy is really something else. How anyone takes him seriously on financial networks is unreal. I mean, if we could just print money and the value of the dollar would increase, we would all be trillionaires and there would be ZERO economic problems. Is he fucking retarded or something? Did he miss ECO 101 on the day they spoke about inflation? How can more dollars chasing the same amount of goods INCREASE the value of the dollar? Yikes...

[ltmikepowell]

I want this guy dead when golds/silvers prices go through the roof and the U.S. Dollars decline dramatically.

Come on, maybe an angry investor or looter will blow him for good.

[wellingtonian]

Norms a fucktard! just ask peter Schiff he knows all about him.

[TheBrendanxyz]

Mikey doggy is a fuckhead. He is the schitt report guy. Mikey doggy is a physcho who completely lost it when Peter Schiff handed this guys arse to him on a plate in a debate years ago.

[algeo1100]

"Gold is crashing" - what an idiot!

[MX3516]

The Canadian dollar used to be about $1.40 US, now it is around $1.00. Looks to me like the dolalr has gone down big time. Comparing the value of the US dollar to currencies that are also in serious trouble is totally and completely in error. Meanwhile the price of food and fuel has gone totally through the roof, showing the government's inflation estimates are a bunch of baloney.

[BarrySlisk]

What artificial lending standards are you talking about !!!!!!

[kidbilly1970]

Gold at $1600 going into the weekend, huh. Collapse? LOL

[McKinzieConsulting]

The Dollar Index is a sham! It is indexed to only 6 fiat currencies (58.6% weighted to Euro) that are all in decline! All that it means when the dollar index goes up is that the Euro happens to be falling faster than the dollar that day.

[schittreport2]

@McKinzieConsulting

obviously, you failed the aptitude tests and case studies at the real mckinsey.

[Shebadad]

Money itself is an illusion. And a blind and ignorant act of faith for those that so easily and stupidly I might add, believe that a Government can "Print" its way to prosperity....anybody who subscribes to such an absurd notion has also bought into the greatest deception ever brought into existence.

[Shebadad]

Hey dude the so called "Dollar Index" went up because there are no restrictions on Capital flows....in a paper world were a Central bank can digitally "print" whatever it wants. It's called " flight to quality" or to the worlds reserve currency. It all runs home to mamma when you have a dislocated system such as Europe. This is a digital currency war soon to be followed by a loss of faith in paper money when we have Bank runs like we have never seen before. Learn history dude its all cycles

[jes0lis]

you sounds like the finacial guys at my Enron employee meeting, Dont sell, your Enron stock, were are jsut fine... just look at the number of our stock , up, up, up - up... things will get even better we are believe, believe... your loosing viewers by the way.... If this were a network, your show would be canceled.. your pride cant see the obvious.

[Getthefuckoffmylawn]

I dont know why i watched this, i cant stand this guy.

[704MadRicky]

Part of the reason the dollar has gone up is because now Europe is doing the same thing, printing large amounts of money to cover their budget shortfalls. We're just riding an economic wave that is going to crash extremely hard.

[qpae123]

Wellcome to Lala -Land ! U dont have anything dont worry , take credit and '' steal ' from someone that has. Dont worry will never pay the idiots in the end cose it will imposible, but if u ll be a homeless in the process blame China cose it worked for u, Or Europe cose it is bit rational then u,

I wonder from where ' rational'' word come , maybe from " spend ur fucking resourses only !":))

[tirmen8er]

this guy is a blithering idiot. the reason that people are buying the dollar is they are too stupid to see what's happening. either that, they're so smart they realize how stupid everyone else is. this really just makes the dollar collapse even more inevitable, we're not even attempting austerity, and when it happens, we'll have even more rope to hang ourselves with

[christo930]

If you bought stocks in 2001 and held on to them, you have lost money. If you bought gold and held it, you would be up 500%.

[hottenma]

great stuff mike!!!!

[MsH1h1h1h1]

when the interests goes up, the dollar will go down. always compare the dollar to gold

[bigboywasim]

Why stop at a 29 trillion. If the dollar will keep on going up why don't we make all Americans trillionaire? Housing can never go down, never. What happened, America is not immune to the laws of economics.

[silvermaniamania1]

you try to explain market with economic logic... how helpless.. market rigged 24/7 XD

[patrikkorda]

isn't this the guy that got owned by Schiff a while back?

The dollar has gone down for 10 years straight.

2001 = $250/oz

2011 = $1,500/oz

"Very bad hedge" - mikeydoggy

[qpae123]

Nobody here wants or use US $ :)) u are really insane, infact in many places in Europe they are not even accepted .

[scitops]

@qpae123 Can I have your dollars?

[qpae123]

@scitops I dont use dolars lol, I might have some old 5 $ paper as souvenirs :)

[qpae123]

@scitops I put them near a bag of Greek drahmas:))

[qpae123]

" if it is easy to sell '' how the fuck it makes it bad lmao, easy to sell= liquidity= a good thing:))

U MR . are insane ! - -

[qpae123]

US DEBT 15.115.905.800.101 $ Unfunded liabilities 116.815.811.980.123 $ :)))

PURE BROKE ASS PARASYTES !:)))

[qpae123]

Yep , US no 1 parasytes of the planet:)) followed by Europe :)).

[tyronebiggums3]

This video is going to go down as one of the greatest "Famous Last Words" ever.

[604johny]

Poor Mike, I feel sorry for this guy.

[arta612]

i think mike is losing his mind. when this is all over he is going to be so depressed.

[u2canbfmj]

Yippie the dollar went up! The dollars rise is a reflection of the ill health of the financial system. Its like saying "Everyone in the world has a terminal head ache and Look aspirin prices are on the rise" There is a debt collapse underway nothing more. Dollars are being destroyed and no one wants to barrow any more dollars unless they are forced.

[njedinjedi]

US dollar lost at least 15% of its purchasing power since 2008

Not hyperinflation maybe, but no one can pretend the average family buys same amount of groceries in a week with their paper dollars

[Minethis1]

Where is the Mike Norman was Right Video Peter schiff was waaaayyy WRONG!? Hqhahha! Thx for your VLOG brother! Great work!

[helpendthefed]

Patience Mike, Patience, it's coming....

[AntiSchiff]

These idiots will be dead wrong for 10 years and still claim to be right.

[helltrackrider]

First.