Posted on 08/24/2015 12:21:48 PM PDT by Enlightened1
Donald Trump weighed in on the market crisis today. He even dropped the “d” word.
"Depression- be careful of China! https://instagram.com/p/6xT08ZGhQc/"
Donald Trump warned Americans on Instagram:
“I’ve been telling everybody for a long time China is taking our jobs and taking our money. Be careful they’ll bring us down. You have to know what you’re doing. We have nobody that has a clue.”
Donald also posted about the crisis on Twitter:
"@ZephyrusMatrix: Will you finally get respect for predicting U.S. concerns even weeks before disaster strikes.The country needs a visionary"
(Excerpt) Read more at thegatewaypundit.com ...
They are devaluing their currency and we ARE tied to the Chinese market - it sure is hurting us. It could be on purpose.
We a lot of problems and even if we throw the shackles off we have a lot of dead wood to cut away.
Yes, we are tied to the Chinese market, and yes, it is hurting us too (as well as Europe, elsewhere in Asia, and pretty much everywhere else). But it is certainly not HELPING China — it’s hurting them more.
Trump on ‘Making America Great Again!’
Cruz on ‘Getting a revival going in America!’
Trump/Cruz 2016!!!!
http://www.ontheissues.org/donald_trump.htm#Tax_Reform
Donald Trump on Tax Reform
Click here for 10 full quotes on Tax Reform OR other candidates on Tax Reform OR background on Tax Reform.
One-time 14% tax on wealthy to pay down national debt. (Jun 2015)
4 brackets; 1-5-10-15%; kill death tax & corporate tax. (Dec 2011)
Cutting tax rates incentivizes a strong national work ethic. (Dec 2011)
Previously supported wealth tax; now supports Bush tax cuts. (Apr 2011)
Repeal the inheritance tax to offset one-time wealth tax. (Jul 2000)
Simplify tax code; end marriage penalty & other hidden taxes. (Jul 2000)
Opposes flat tax; benefits wealthy too much. (Jul 2000)
Personally avoids sales tax, but knows many people like it. (Dec 1999)
One-time 14.25% tax on wealth, to erase national debt. (Nov 1999)
Tax assets over $10 million, paid over 10 years. (Nov 1999)
And the market will do that if we but let it......again, this obsession with China, Russia, Mexico, etc, is not healthy and it’s not really our problem.
It is not our problem but that $3 trillion in bonds China can dump tomorrow and get interest rates to go through the roof. That would crush the US.
If China reports its gold holding properly, the dollar evaporates.
Those are our problems.
I don’t know enough about the market to really speculate. I do think, however, that Donald has more expertise in this area since he has access to world markets -he has businesses all over the world. He watched these things carefully. An expert was just on the Hannity radio program and she confirmed that we, indeed, are tied to their global market, and it is bringing us down.
I like Trump sometimes a lot. I don’t agree that China is the root cause of everything bad. I haven’t heard him talk about the Fed and the scope of its influence, interest rates etc.
There’s a lot more wrong with us than China.
Why would China do that? If we go in the tank, they go deeper. If the dollar goes in the tank, they’re really screwed.
And WTF can a US President do about any of it anyway. We seem to have forgotten a civics lesson...that our government does not control China.
At the close, it’s 20th place for all-time one-day percentage loss.
The '29 Crash was being halted, with the help of many Wall Street firms, but Joe Kennedy and his cohorts ( much like Soros now ) were shorting everything.
The USA was the last first world nation to enter a DEPRESSION that had hit all of Europe from shortly after WW I, and which Coolidge had helped stop earlier.
Dump them to who? China is tied to us for a long, long time.
China is going to a consumer economy so it does not care about the US.
What can a president do? For one thing he can avoid adding $12 trillion in debt in 7 years.
China is transitioning to the biggest economy on the planet with its own banking system thus not needing the dollar. The US wants to dominate China and Russia chiefly through the dollar. China has other ideas and did not take kindly to being excluded from using the Special Drawing Rights another name for an international currency between countries only. China was humiliated by this treated like a child.
China is getting to a point where it does not need the US. Don’t forget that China has opened an international bank that all the European nations have signed up to using the Yuan and not the dollar as a means of exchange. This is like an act of war against the US except on a currency basis.
China wants to dominate the globe now and does not need the US. The US made it so China cannot get SDR’s. So China will reciprocate by dumping its bonds or crashing the dollar to hurt the US.
The Bear Book: Survive and Profit in Ferocious Markets by John Rothchild
They can dump the bonds on the bond market. If there are no bids the bonds crash and interest rates go through the roof. A few weeks ago it was revealed they dumped $500 billion in bonds and look at what is happening now.
You think that's a good scenario for the bond holder, China?
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