Posted on 05/08/2016 4:58:11 PM PDT by Jonty30
We all know that a default was inevitable on the debt. There is no way to pay back all obligations within severs lifetimes.
Any possibility that Trump was chosen because of his outsider status to win? He would take the blame for the default and retire after a term, then the uni-party could continue with business as usual.
“Tinfoil hats, $.99.”
Seriously. There is a fortune to be made these days. Some of the stupidest ideas out there are floating around.
Are you serious?
Trump has been campaigning against Hillary! all of 4 days and THAT’S what you’re thinking?
If he’s there in a month, yes be concerned, but by June he’s going to be up by almost double digits in a lot of states. By July, nearly all states.
The debt is intentional, and meant become a catastrophic crisis, just like the immigration and and the trade deals are intentionally bad.
Everything the left side of government here and across all western civilization has done over the past 30 years dissolves sovereignty, borders, nations.
The very rich and those with power have agreed amongst themselves that nations have to go, that there will be one nation - the earth - and they will govern it. It's a reciple for the darkest period in mankind's history, because it will be global psychological bondage, while they will call it the free-est time every with the most human rights, best medical care etc. It's going to be an absolute nightmare for mankind for generations if they get their vision. This is why the Bible pretty much says Pride is the worst of sins. Imagine Obamacare, it's roll out, it's cost ... as a model forced on all areas of life for all of the world. The suffering will be catastrophic, and when it doesn't work, the 'people' will be blamed.
That's the direction they are heading - even if it's not some blueprinted conspiracy - they are all agreed that 'nations must go away' and 'the colonialists must in the process return what they stole.'
That's all you have to know. Trump instinctively hates it, as do I and many others who don't care that Trump isn't a perfect conservative. There are bigger fish to fry, and at the moment it's not just perfect-is-the-enemy-of-the-good ... but perfect-is-the-enemy-of-mankind.
We could eat the “media” alive if they tried that crap. Obonzo has to be blamed for the past 8 years. Trump had nothing to do with it just like Obonzo had nothing to do with the Bush years. You can’t blame the person in the Oval Office. The ‘RATS already set the standard.
I don’t think Obama ever expected to be re-elected.
It took a lot of planning and work for Romney to lose that one.
No, but it may work out that way.
The establishment has always thought that an expanding economy can indefinitely keep the day of reckoning at bay.
The problem is the economy has not been expanding as they would like. The attempts of the Fed monetary policy and Bush/Obama fiscal policy to practice Keynesianism has failed, not because Keynes was proven wrong. They failed due to unintended consequences. Rather than banks taking money from the Fed and putting it in the economy, they put it in Treasury paper. And the fiscal stimulus, rather than going to shovel ready public works, went to corporate welfare.
So Keynesianism was never proven right or wrong (this time).
The monetary and fiscal possibilities have now been exhausted. The next president wont have them.
De-Regulation is the only option left. Abolish many and cutback the other regulatory agencies. Tell states, if you want the environment, the waterways, the coal plants and any and all businesses regulated well then it is a state matter. The Feds are out of that business.
This is stimulate the economy. How much? Nobody knows.
But this is the only option Trump has. Who knows how to de-regulate the best? Ted Cruz. Put him or someone with his knowledge in charge of de-regulation.
Default is not a risk when the yield curve is so flat. When rates start to rise aggressively at the long end, then we’ll need to allow significant inflation so that the debt can be paid down nominally, but with dollars that are worth less than these ones today. It’s all pretty far down the road. Probably the massive deficits that Trump is promising are the correct medicine in here actually. Tax cuts and a massive infrastructure spending program are what Keynes would say we need here, and Trump is a charter Keynesian.
NO WAY THE CLINTONS HAVE A KILLER OPPO FILE.
Just no way.
There’s only so much you can buy.
Fortunately Cruz was a “bad person” so Trump will
surely
surely
surely
win!
There won’t be a default on U.S. debt for at least a couple of generations, if ever. Right now there’s no reason to default anyway, and a default at any time would be a catastrophic world economic event either resulting from an economic meltdown or causing an economic meltdown. A default by the U.S. would reduce the U.S. to 3rd world status along with the entire rest of the world.
Yes and No. Do I believe he was “Chosen” - Yes. Yet, also NO because I doubt Donald wants his reputation as the man whom the economy collapsed in his watch. Liberals, Commies and the Establishment (from both parties) have destroyed the financial, education and infrastructure of this once great nation. The foundation of this nation is great for a collapse. We need a strong leader to guide this nation back to being a republic. Donald is that person.
Now I am seeing remarks that Donald Trump is the Anti-Christ. I do not sense that nor is he. Donald will be strong leader when this beast rises.
All I can say be prepared!
Any chance you could conjure a rational thought? :-)
If Trump plays hardball with the Chinese, Japanese and others over their currency manipulations, then that implies the value of those currencies must rise vis a vis the U.S. Dollar.
This is, in effect, a dollar devaluation—really good for U.S. manufacturing and other exports, because it makes our prices more competitive around the world as well as here at home.
Of course, the price of stuff made other places will rise . . . but, if all goes as planned, the manufacturing capacity will rapidly build up again in America to replace that supply, and of course Americans will have a far stronger economy. A little pain for a lot of gain.
BUT HERE’S THE POINT: A dollar devaluation also means that all debts can be paid off with cheaper dollars.
THIS IS NOT A DEFAULT . . . but it has some of the same effect. I think this is the strategy behind Trump’s claim the national debt can be paid down in a reasonable number of years.
IT IS REALLY THE ONLY WAY THAT MAKES SENSE FOR AMERICA!!!
Times have changed. People care about America, not if The Donald got laid a lot.
I take his running as desperate move on his part to salvage his empire rather than watch the continued destruction brought on by th neocons.......
I hope he is successful in his endeavor.....
Things didn’t go your way so it must be a conspiracy, eh?
I don’t think it’s irrational at all. Everybody knows that the spending cannot continue, but nobody wants to do anything that involves getting the electorate angry enough to put heads on pikes.
Using an outsider that nobody would really blame for all the bad things that would come from making a deal with creditors is a good way to get out of the situation once and for all.
Default or no default the UNIPARTY should be in federal prison. Trump is blameless in this debacle we are in, from foreign policy to fiscal policy.
Nit at all. Trump wasn’t my first choice, but I wasn’t anti-Trump.
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