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View Full Version : Mike Norman is NUTS




Baptist
08-17-2010, 12:47 AM
Can you believe this guy ? This guy does not have a clue about ANYTHING. Watch the whole video. I don't even know where to begin. What kind of ship are they running over there at John Thomas Financial? I would fire this guy in a second.

YouTube - Obama wrong on the economy (http://www.youtube.com/watch?v=c0YqCFIsxs8&feature=player_embedded)

TomtheTinker
08-17-2010, 06:23 AM
I wouldn't trust this idiot with ten bucks.

LukeP
08-17-2010, 07:06 AM
Geez, John Thomas Financial, what a fricking joke.

Jester6193
08-17-2010, 10:04 AM
Wow, it's like this guy watches all of Schiff's videos, and just says the opposite even if it makes no common sense. Then he spouts that this is common sense?!

Disconsolate
08-17-2010, 10:04 AM
lol..

Daamien
08-17-2010, 10:25 AM
He is right that the country won't go into traditional "bankruptcy" by defaulting on its obligations because of the Fed's power to print money. However, apparently he can't seem to connect the dots that relying on printing money (monetary inflation) to satisfy obligations will not only raise future borrowing rates (which is unsustainable, the interest expenses even under current low rates amount to over $300 billion dollars of taxpayer money, roughly 10% of the government's budget) and will cause price inflation even under a Keynesian model when the velocity of money accelerates in a "recovery" and multiplies due to fractional reserve banking.

Bottom-line: This guy is an inflationary progressive statist just like Krugman who fails to recognize the costs of abusing monetary policy. Capital comes from savings and production, not printing presses.

wizardwatson
08-17-2010, 10:33 AM
Bottom-line: This guy is an inflationary progressive statist just like Krugman who fails to recognize the costs of abusing monetary policy. Capital comes from savings and production, not printing presses.

Its amazing to me that the human race with all its ego, all its science and technology, risks destroying itself because it doesn't understand this thing called "money" that everyone uses and thinks about on a day to day basis.

Justinjj1
08-17-2010, 11:12 AM
The guy has his own blog in which he constantly berates Shiff, Rogers, etc. I disagree with the him, but I find it pretty amusing to read an opposing perspective.
http://mikenormaneconomics.blogspot.com/

Teaser Rate
08-17-2010, 11:49 AM
YouTube - 12/31/2006 Peter Schiff On FOX Bulls And Bears/Cavuto (http://www.youtube.com/watch?v=60CLQse27p8)

Baptist
08-17-2010, 11:59 AM
I think that Mike Norman is just a stooge for the government. In the Russia Today video he advocates using treason/sedition acts against anyone who talks negative about America's economic situation, because it will cause investors to flee American assets. In this video he is defending the new SEC secrecy that was slipped into the financial reform bill.

YouTube - Chief Economist of John Thomas Financial Mike Norman on Fox Business Bulls and Bears 7/30/2010 (http://www.youtube.com/watch?v=wccpjj6FaSM)

ctiger2
08-17-2010, 02:49 PM
I love Mike Norman. He's perfectly horrible.

TheBlackPeterSchiff
08-17-2010, 03:23 PM
He is a epitome of a "sleezy wall street guy"

K466
08-20-2010, 11:56 AM
Why do they even bother with this dupe. Does he really believe printing money equates to creating wealth, that our system is sustainable?

doggings
08-28-2010, 01:41 AM
Why do they even bother with this dupe. Does he really believe printing money equates to creating wealth, that our system is sustainable?

yes I believe he really does :rolleyes:



“This whole notion of bankruptcy is a non-starter in a country that issues it’s own currency, and where all of it’s debts and obligations are denominated in that currency, and where there’s no convertibility into Gold, or some other currency, or some other fixed rate of exchange”


“the whole discussion is nonsense, there’s no limit to what the government can afford, we can have anything we want, now that we’re no longer on the Gold standard we can have everything, because the government can print money, and that whatever the government wants it can afford, because it can print the money to pay for it..”

that Russia TV interview is just some of the worst TV I have ever seen. ..completely batshit insane.

doggings
08-28-2010, 02:01 AM
YouTube - 12/31/2006 Peter Schiff On FOX Bulls And Bears/Cavuto (http://www.youtube.com/watch?v=60CLQse27p8)

this is beautiful, Ive seen bits of this on the "Peter was right" videos but not the whole thing before.

Norman really deserves everything he gets doesnt he? as someone else said he is the epitome of the sleazy clueless Wall Streeter, just trying to get your commission and telling you anything you want to hear to get it.

& "John Thomas" financial. :) ..exactly.

Ive been on his blog a bit recently trying to engage him in rational conversation but he just deletes comments he cant answer.

this is the funniest thing on there


Mike Norman accepting managed accounts
Will take advantage of oncoming fiscal disaster. White House focus on deficits to seriously impact economy and stocks in 2010. Send email for more info. Managed account inquiry

can you seriously imagine putting this guy in charge of your money, what with his perfect track record, and humble demeanour n all? :)

I made a picture of him from one of his videos a while back too and got it to #2 in Google images for a while, but its dropped back a bit since then.


http://doggings.files.wordpress.com/2009/09/mike-norman-loses-the-plot.jpg (http://doggings.wordpress.com/2009/09/29/mike-norman-what-a-cock/)

http://doggings.files.wordpress.com/2010/07/mike-norman-google.jpg

Bman
08-28-2010, 02:42 AM
Well Mike Norman proves one thing. There is no reason for us to be taxed. As a matter of fact the less we are taxed so that the government has to borrow more money and run larger deficits the richer we are!!!:confused::eek:

doggings
08-28-2010, 04:21 AM
Well Mike Norman proves one thing. There is no reason for us to be taxed. As a matter of fact the less we are taxed so that the government has to borrow more money and run larger deficits the richer we are!!!:confused::eek:

lol, he proves another thing too, there's no reason for anyone there to be unemployed, because if he can make a living in the financial services industry, surely everyone else can too.