Loading...

Mike Norman: 'US debt is a myth!'

87,289 views

Loading...

Loading...

Transcript

The interactive transcript could not be loaded.

Loading...

Loading...

Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Published on Apr 6, 2011

John Thomas Financial Chief Economist Mike Norman says that there is absolutely no risk of the U.S. being unable to pay its debts, citing that a country that issues its own currency is a country that cannot run out of money. Fear mongering and a "prism of misinformation" has inflated a non-issue to a point of hyperbolized hysteria, says Norman.

Comments • 2,560

Rob Black
He makes sense 
View all 12 replies
Hide replies
nature1upclose
"We can guarantee cash, but not its purchasing power" Allan Greenspan.
View reply
Hide replies
gt er
Off of this guys theory the US shouldn't even need to borrow any money at all they should just print more money to buy or pay for what ever it wanted.
View reply
Hide replies
John Dirk Taylor
Mike Norman is a bullshit artist. That the US can pay its debt (70000 billion in total), because the US can print as much as they like. Forgetting that every dollar printed, reduces the value of every dollar in circulation. Fake gold bars in Fort Knox (tungsten, only gold coated) is just one indication of the Federal Banks desperation to cover up, that each bar (400 ounce) was sold on paper 79 times. When Germany wanted its 300 metric ton of Gold back, it was first refused, then a small amount of fake bars where send. Not just that Germany was not impressed that its Bundesbank stamped bars were remelted, but an inspection of its own gold was refused. The US can't show what it does not have anymore. lol
View all 3 replies
Hide replies
Mike Fellman
This guy is right.  There was no debt crisis in Italy under it switched to the Euro, despite debt over 100 percent of GDP for decades.
eli dakate
US bonds are like real estate.  It used to be Malibu or the Hamptons, Now its more like Central Valley in California and eventually it will be like Detroit.
Sousuke Aizen
lol this is bullshit if you print money to pay the debt then the us dollar value will fall fast and you will have to pay more plus the us economy will take a heavy hit as everything become much expensive. it a disaster every nation want to avoid
View all 5 replies
Hide replies
Milenium19801980
According to Alan Greenspan FED can print all the money that government want for whatever they want to spent on but he can't guarantee the purchasing power of those dollars Mike M. probably miss that. The issue of purchasing power.
View reply
Hide replies
nicholas powrie
why...........we'll just print more money............derrrr
View reply
Hide replies
Laurada Gerbracht
there is one way we can of course, solve this problem. one of two ways we can solve this problem. 1: sell all democrats and their relatives to pay off the debt to China and Russia as slaves. (notice I said democrats, which implies political enemies to our country in our country, sell them as slaves) or 2: we can shoot the democratic ASSES and all those who support them who dare to invade or steal from or attack our people, our laws, our Christian faith or our nation in general. we can legally shoot the asses who dare to abuse our people!
View all 4 replies
Hide replies
Advertisement
When autoplay is enabled, a suggested video will automatically play next.

Up next


to add this to Watch Later

Add to

Loading playlists...