Tuesday, October 6, 2015

Default is coming. Here's why you must take action and if you do, you can win!

Forex Course

Default is coming!

One month from today the U.S. government will run out of cash and default on its debts. This is according to Treasury Secretary Jack Lew. We are hurtling towards disaster. Don't think it can't happen. We've gotten very close several times now and the politics are even more dysfunctional and bitter.

Once again we face this debt ceiling issue. There are many in Congress--Republican and Democrat--who would love nothing more than to martyr the economy for the cause of imposing their crazy idea of fiscal "discipline."

Of course we know that this is pure bullshit--the U.S. cannot run out of dollars--and we can argue this day and night 'till we turn blue, but where will that get us?' It's time to take friggin' action and by action I mean put this knowledge to use and make some money. Lots of money.

Dollar will get destroyed


Let's face it...a default by the U.S. government will mean the dollar will most likely get crushed. Absolutely, soundly obliterated. And what will you be doing when this happens? Complaining like all the other "theorists" that this needn't happen? That our monetary system doesn't work like this? That we're currency issuers and not users?

Meanwhile there will still be austerity, negative interest rates will still be considered "stimulus" by those in top policy circles and everyone in the mainstream of economics will still be waiting for banks to lend their reserves and cause hyperinflation.

Inaction is your enemy


Forget it. Inaction and complaining will get you nowhere. Now it's time for action. It's time to make money for yourself. Not jut money...make a killing! Fortunes have been made on single trades. If you bought Treasuries with leverage when those idiots at S&P lowered America's credit rating back in 2011 you would have made a fortune.

Same thing now. This could be a once in a lifetime trade. It could dwarf the credit rating downgrade. But the question is, can you trade? Do you trade? Do you have the skills to trade? Do you even know how to set up an account for yourself? These are the questions you should be asking yourself, not "When is Bernie Sanders going to save us or, why isn't MMT more broadly acknowledged and accepted?"

Beat the elites at their own game


You absolutely must train yourself in how to trade and here's why...because whether you like it or not the markets are the domain of the elites and  you are not going to change their views on economics. I can assure you. Moreover, if you're waiting around for some populist "revolution" to happen, good luck with that. I hope you live a very long life.

On the other hand you you CAN beat the elites at their own game. You just gotta  know how. Knowledge and skills are the key.


TAKE ACTION!


Bernie Sanders is not going to save you. Hillary Clinton is not going to save you. Barack Obama is certainly not going to save you, nor is MMT theorizing going to save you. YOU can only save you. And you do this by playing the elites' game...actually...taking money away from the elites, that's how you're going to do it.

Many months since my last Forex course


It has been many months since I have given a live Forex trading course, but I have decided to give one now because of this ugly debt ceiling showdown that we are facing. I believe that this could be, the "Big One."

If you have not taken my course then this is your chance. If you are skeptical then read some of the testimonials. I have taken pure novices and turned them into successful traders. There are no gimmicks in my methodology. It's 35 years of trading experience, on four exchanges, and on the trading desks of major banks. It's years and years and years of trial and error and mistakes that have forged a bullet proof "mental game."

Forged in the crucible of the "pits"


In my "boot camp" I am your instructor. You're about to become the Navy Seals of the trading world. I train you with everything that I know; everything that I have learned. Believe me, no one can surpass the knowledge of someone who has stood and fought in the pits. I have. There is no training crucible that forges a trader like that...anywhere. You can't even get this experience anymore. The pits are gone.

Only you can make it happen


The bottom line is, it's up to you. All that is needed is action on your part. Nothing about theory or economics or "educating" people on what's in paradigm and what's not is going to help you. Only action will.

So that's all I have to say. My course is now open. Yes, it's $1500, but I guarantee it will be the best $1500 you ever spent. If not, I will give you back your money. Furthermore, once you take the course feel free to sit in on any Forex trading course that I give in the future...for  free. Amortize that!

That is my offer to you. Now, it's up to you to give this gift to yourself.

Sign me up for Mike Norman's October 19-23 online Forex trading boot camp!

https://www.pitbulleconomics.com/oct-19-23-forex-course/?s2-ssl=yes

 



5 comments:

Veronica said...

I'm confused. What debt are you referring to? Denominated in dollars? In any case, doesn't the idea that the US, as the issuer of the dollar, can run out of money-cash contradict a cardinal MMT principle?

Malmo's Ghost said...

Veronica,

The idiots in Congress are likely to not raise the debt ceiling. Default of some sort follows.

Calgacus said...

Veronica: The MMT principle is that a currency issuer cannot be forced to default on such debt in any manner - involuntarily. IMHO, it would be a great buying opportunity for Treasuries & dollars. As long as they read one amicus curiae brief from UMKC, Levy etc, precedent would force a court to direct the gubmint to honor its debts, somehow, at the very least by making mature Treasuries accepted for tax payments. The US Congress is not sovereign the way the UK Parliament is, and is constitutionally bound to honor debts of past Congresses.

mike norman said...

Calc-

By the time that happened, if it happened at all (who would bring the lawsuit? Obama?) the economy would be in ruins.

Calgacus said...

Any bondholder could try to bring suit. There are plenty of precedents, like Perry v US 1935. There are lots of complications, but the legal & factual precedents are all on the side of paying bondholders the nominal "fiat" dollars they are owed. I usually doubt it would come to that, though one should never underestimate stupidity. But if it did, a lot of legal opinion & wealthy bondholders should weigh in & it would most likely be resolved quickly. Maybe a week or two of phony "default" & an end of the debt ceiling crap.