Trump: U.S. can never default because it prints money

Politico ^ | 05/09/2016 | Nick Gass

[mkjessup]

Well then, this proves Trump has the intelligence of a 3 year old.

Ahh, Warren Buffet who knew that 'ken5050' was your pseudonym on FR?

C'mon genius, explain the intricacies of debt and finance to us.

[Jane Long]

Well then, this proves Trump has the intelligence of a 3 year old.

---

No, but your post DOES prove that about the Never Trump folks.

We get it...you’re all in for Hildebeast. Shouldn’t you be peddling that drivel over at the cRuzlost bum hurt site?

[hotsteppa]

Time for you to opus out.

[aMorePerfectUnion]

“One thing I’ve wondered about for a long time, is if the US printed $19 trillion to cover the national debt, what would be the rate of inflation, compared to now?”

Common misunderstanding.

Inflation does not arise from money printing, but from a lack of confidence in government (which grows daily). The historical massive printing occurred after confidence disappeared and inflation began.

[null and void]

https://www.youtube.com/watch?v=LgzbKe6_DN4

[tacticalogic]

Buy from domestic suppliers and avoid the tariff.

If there are any. And the ones that exist don't just raise their prices to just under what the tariffed goods are going to cost.

[mkjessup]

“Two words!” continued Trump, “Disappearing ink! Then we can send a mountain of cash to China, clearing our debt to them completely! Two weeks later, now what?!” Trump used his index fingers to slant his eyes upward, stuck his upper teeth out and yelled, “Oh no! This cullency is brank!”

BWHAHHAA!!!!

That has to be the funniest thing you've posted since your famous "I'm keeping my eye out for Mullah Omar" tagline, lol

[central_va]

The benefits of protectionism:

repatriation of industry
general increase in economic activity
decreasing or no trade deficits
balanced Federal budgets
higher levels of baseline employment
less social stress
less political will for socialism
increased national security
raising interest rate will not crater the economy.

[mkjessup]

Time for you to opus out

[central_va]

Buy from domestic suppliers and avoid the tariff. If the domestic suppliers raise prices then someone will come in a take up market share so prices will adjust downward accordingly. It is called greed and greed can be useful. And if you don’t think that will happen the you really are not a believer in the theory of supply and demand.

[ryan71]

Great, another guy whose solution is to print more “money”. I’ll keep buying metals.

[Myrddin]

That game ceases when the dollar is no longer the reserve currency. That day is coming soon. Many governments are insisting on payment in silver instead of USD at the current time.

[tacticalogic]

Buy from domestic suppliers and avoid the tariff. If the domestic suppliers raise prices then someone will come in a take up market share so prices will adjust downward accordingly.

Eventually. If it doesn't turn around in 4 years, Trump will be a one-term President.

[castlegreyskull]

What Trump said is correct. While you and I can default on a debt, because we run out of the ability to pay for it, the Fed doesn’t.

We can just print more and more money to service the debt. Weimer Republic did this to pay off their debts to France and England. Inflation was rampant. The same is already happening here.

[Snowybear]

It will force companies to return to the U.S. because their competitors in the U.S. will be kicking their ass in the marketplace.

That’s how it works in the real world.

Carrier and Ford will move operations back so fast it’ll be amazing. Especially when you can buy a Dodge or GMC for 35% less.

[DEEP_e]

i think it is pretty amazing that we have a candidate who has forced a discussion about the best kept “dirty little secret:” the extent of the debt and that it will have to be dealt with very soon, a notion most, in and out of politics, are terrified of discussing, because it is at a terrifying level.

[COUNTrecount]

You win!

[Smokey Stover]

What we need to do is cut spending, not just push the tax burden around.

[semimojo]

Not only does this tariff bring in revenue it stops the offshoring and begins the repatriation process of lost industry. Win - win.

What about the over $2T in US goods and services exports your tariffs will kill?

Where do they fit into your model?

[Dr. Sivana]

Good thing we don't import any food, medical equipment and supplies, or construction equipment, tools, and materials.

There is precious little food we HAVE To import. Heck, if we stopped putting corn in our fuel tanks, that land can be put to other crops, or less imported animal feed, or just exporting the grain. It wasn't THAT many years ago that the better tools, from Sears to SNAP-ON, were made here, and we have no problems making wood or concrete. The drywall we imported from Red China a few years ago didn't turnout to be such a good deal.

The Red Chinese became Communist heretics when they said "Communism in One Country!" I suppose I can be a Capitalist heretic if I say "Capitalism in One Country!"