Mike Gasior - Rubber Band & Chewing Gum Economics

Mike Gasior discusses the outrageous and desperate actions being taken by the Federal Reserve and U.S. Government to prevent the U.S. economy from slipping into recession. Mike thinks that these actions will only postpone the inevitable and will only make the ultimate downturn even worse.

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[mugenJP]

he says IN A CAPITALISTIC ECONOMY, RECESSIONS ARE A NATURAL THING, n its true, like housing bubbles, japanese economy, oil price... whether or capitalism is natural isnt th point he's stating the truth that things rise n fall in capitalistic economies

[gosox773]

For a man that has enough dough to travel around the world, one would think you could afford a decent camera.

[atlien991]

"Recessions are a natural thing...that's nature."

What the fuck??? Complete and utter bullshit.

Recessions are inherent to capitalism but capitalism isn't natural.

[rdulaney]

Mike, I have heard a lot of gloom and doom about the systemic danger of credit default swaps. I have yet to see one intelligent person describe how they will not bring down the current financial system. Do you see this cataclismic damage that is being predicted?

[centroaj]

Mike, I just subscribed b/c I'm attempting to absorb as much info. about every topic to become more well rounded. I am one of the "Millenialls" that you refer to, but not those stereotyped. Other than my performance, how can I stand above these "Millenialls" that happened to go an extra mile in their college career b/c they were babied every step of the way, earn a bachelors (I, an Associates) and then go live w/ their moms?

[jonesr227]

Mike,

It's been too long. (Why is your May video just appearing at the end of July?) I was interested to hear your sentiments on the Fed in which you're echoing Jim Rogers and Kevin Phillips. Phillips puts it well when he describes the US financial system as capitalistic when reaping profits but socialistic when dealing with losses.

Recently Rogers was asked what are two things Bernanke should do immeadiately. His answer was 1) resign as Fed Chairman, and 2) before that, dismantle the Fed.

[mattinconn]

Outstanding job Mike. Listening to you only makes one wonder why no one in the mainstream media has the courage or brains to say the same things you do. It's no surprise the politicians are such cowards.

Keep being the voice of reason on the economy. At least common sense voice within the noise created by the rabble is needed.

Thank you.

[SeaSalt78]

well put.

[hoagie00]

Loved the rant about the "millenials" - couldn't agree more. I think the parents should be arrested! Just kidding folks.

Strongly agree on the macro-economic perspective. Let the markets function like markets.

Mike, please do a video on the oversupply of US dollars - I'd like your perspective on that.

[therealhaxwell]

Good to have you back, Mike, even though you are obviously still "Fed Up"! I agree with what you're saying, I believe you are correct, but I hope the reality that is coming from us not having taken our medicine will show people the true ridiculousness of our financial system. Maybe they'll be more ready to hear it when things come crashing down. And as you said, they will. I just hope I still have a chair when the music stops.