Mike x2 Blow RT Anchors and Peter Schiff Away
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Lauryn Listers a classy piece of ass ,hardly a bimbo shes very sharp & astute also
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Thanks, although I must say these ideas come from others much wiser than I.
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American's are just scarey nutty people
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Sorry, but it's an insult to Michael Hudson to equate his position to that of Mike Norman. Norman simply wants to print the US debt away; Schiff wants to cut to the bone and somehow pay off the debt; Hudson wants the more reasonable solution - to default and wipe out the debt.
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Japan sure has a lot of lessons to teach these days.
Norman nailed the inflation argument.
It is impossible for the US$ to die (precluding the SDR reserve idea).
One thing I've learned from studying the Fukushima issue, is we need more physicist's skepticism. Question everything.
So much speculation and anonymous opinion tries to overwhelm truth.
Hudson is correct, too. FOREIGN DEBT is the problem. Gov't spending that stays within the borders is beneficial AE=C+I+G+X+(a+at-g)Y
Basic Macro...
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awesome vid. I like Mike.
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My second attempt at posting here. Sorry for any repetition. Mike, if printing is such a credible option, why do we have a debt in the first place? Why do we even bother to borrow dollars? Why didn't we just print to pay for what we wanted in the first place? The answer to that question is the same reason we can't print to pay our debts.
outtafavr 11 months ago
@outtafavr
thats precisely what the 2 Mikes are saying.
SchittReport 11 months ago
@outtafavr
Debt issuance is mainly for interest rate maintenance. The government doesn't spend by printing money, it spends by crediting accounts.
The main constraint on spending occurring when the economy is at full capacity further spending can cause inflation.
WilhelmDrake 8 months ago
@WilhelmDrake
exactly. finally, a sensible comment.
its reassuring to know that there are sane logical viewers out there.
SchittReport 8 months ago