tag:blogger.com,1999:blog-2761684730989137546.post4047143463926893129..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Long live the Capitalists!! Job Cuts Avert Catastrophic Quarter as Profits Excelmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2761684730989137546.post-15264654808826550562009-04-30T14:58:00.000-04:002009-04-30T14:58:00.000-04:00Even if the "foreigners" as Schiff indicated were ...Even if the "foreigners" as Schiff indicated were to sell out treasuries even right now, they would lose themselves by very act of selling out - depreciating their own stake by their selling action.<br /><br />The Treasury / Fed would reap again with Forex swaps to maintain a position, to expand the monetary base to prevent bank runs, and the USA would profit and the tax payer would not be on the hook because we are able to keep interest rates low to keep business and consumers going to the extent of what the gov can do.googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-71176606303673746712009-04-30T13:48:00.000-04:002009-04-30T13:48:00.000-04:00Oh yeah, I forgot the part about when he said, "Fo...Oh yeah, I forgot the part about when he said, "Foreigners will sell Treasuries and interest rates would spike!"mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-54204725488417576542009-04-30T13:46:00.000-04:002009-04-30T13:46:00.000-04:00Alan,
The REAL funny part was how he blew out all...Alan,<br /><br />The REAL funny part was how he blew out all of his clients' money, even though he "called the housing bubble and said the dollar would collapse."<br /><br />Hahaha!!<br /><br />Keep drinking the Kool-Aid!!!mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-23231423745411500522009-04-30T13:35:00.000-04:002009-04-30T13:35:00.000-04:00Dude,
I just saw Peter Schiff own you on the Dece...Dude,<br /><br />I just saw Peter Schiff own you on the December 31, 2006 broadcast of Fox News. The best part was how you were laughing at him when he was completely right and you were completely wrong. Thanks for the entertainment. If it wasn't for arrogant jerks like you, it wouldn't have been nearly as funny. What a tool you are.Alanhttps://www.blogger.com/profile/02876839204361373965noreply@blogger.com