Wednesday, February 22, 2012

Last summer I said a U.S. credit downgrade would NOT result in higher rates!



I did this interview prior to the S&P downgrade of the U.S. last summer and I said that a downgrade WOULD NOT RESULT IN HIGHER U.S. INTEREST RATES!



13 comments:

Matt Franko said...

Mike this is too good...

Seems like we've got the blogosphere covered, now I'd really like to see you out on the broadcast video side in earnest to shred these morons in some form of a debate format... that would be great TV!

Great work.

Resp,

Matt Franko said...

As a matter of fact, some cable producer if you are reading this, get a moron from a ratings agency on and then get Mike on opposite them and let them debate the issue of the US govt "credit rating"... that would be a stellar show!

Tom Hickey said...

As MMT breaks out, it may present an opportunity for something on TV.

Shaun Hingston said...

I see 130 likes and 371 dislikes. Which would give 25.9%

I think that we should revisit this video and other MMT based videos and monitor how their popularity changes. It would be a reasonable measure to gauge the penetration of 'MMT'. I think Mike's videos are best for this since they seem to be the most unpopular :P, sry Mike. Thus, the watcher who agrees with Mike's ideas must be listening closely to what is being said rather than the context of the discussion.

Ohh just a reminder, it was exactly this video that brought me towards MMT in the first place. I remember thinking WTF is this guy on about, but it was consistent with an observation I had just made; there was no relationship between debt levels and GDP growth.

Shaun Hingston said...

http://www.youtube.com/watch?v=1NSkTFMssEs&list=UUZhuQXtpH2dXeEAX_5MKGow&index=20&feature=plcp

I think this was is a good one too.

11 Likes 68 Dislikes, giving 13.9%

Mike Norman said...

FYI guys...I pitched an "MMT" type show to RT and they said they were not interested.

Mike Norman said...

Shaun,

Lynn Parramore also noted that she received an overwhelming number of negative comments from MMT related posts she put up. That's what happens when you challenge people's deeply held beliefs.

Truth Squad said...

Shaun the sort of public RT shows have are not going to like MMT and anything that points USA is (or could be) in good shape (aka is not doomed).

I don't think this sample is not significant compared to the majority of the population to be honest.

P.S: And I watch a lot of RT videos on Youtube because they, a lot of times, give info that other mainstream media don't. But I know they are just as biased as any other media outlet is, in their own way.

Truth Squad said...

Mike people just don't want to accept that governments can print money and self-finance.

That's why the establishment is cautious with how they phrase stuff and their actions (money printing is 'obscured' with complex mechanisms 99.9% of the population don't understand/care).

Off course that same people will be angry when they are unemployed and paying more taxes than they should for the services they acquire from the state. You can only blame yourself for being a fool, and that's what the majority is, fools fooled all the time.

Shaun Hingston said...

@Truth Squad

I can agree, but given the relatively small amount of time it takes to check, and the lack of other forms of 'measurement', I think it would provide a little insight into how MMT is being received.

Atm we don't need a perfect tool, we actually need a tool to start with!

Broll The American said...

She seemed really sarcastic at the end, like "yeah, whatever Mr. Crazy Man." Keep fighting the good fight Mike!

Does anyone know what happened to the series of videos on PragCap? There were some good introductory videos there, but now all the links are busted.

MortgageAngel said...

No way! Is that a Lizzie MacDonald doll?

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