Any 6 year old knows more about finance than the media pundits. Go Trump. Beat the open border one worlders.
A 20% import tariff balances the budget tomorrow.
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?
For at least 5 or 6 years has been printing [probably still going on, the Fed/Treasury had been pumping in about $85 billion/MONTH into mortgage backed securities (stock market) and buying T-Bills (legitimizing debt created by uncontrolled and unlimited spending by Congress)].
One Trillion + per year! Debt. They printed it (created out of electronic bits backed by false promises) and devalued our futures.
Just about every nation in the world has defaulted on us at some point in time...
The point of default will be to pensions and benefits. Social Security as currently structured will be a point of default. Health Care as currently structured will be a point of default. If you look at where the debt it owed it is easy to see where the cuts will happen.
“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!”
The media’s been playing a game where they distort what Trump has been saying for weeks now. The idea is to make out to be a flip flopper. Ultimately Trump’s biggest challenge is going to be beating the media, not Clinton.
Anyone who thinks this is silly ought to consult Alexander Hamilton, who did exactly this in 1789. He structured a menu of debt to prevent default, allowing those with less faith in the government to cash in immediately at lower rates, those with more faith to hold for larger returns.
“I said if we can buy back government debt as a discount. In other words, if interest rates go up and we can buy bonds back as a discount, if we are liquid enough as a country we should do that. In other words, we can buy back debt as a discount,” the presumptive Republican nominee said in a telephone interview on CNN’s “New Day.”
Those who said he wants to buy debt and default on it are “crazy,” he added.
...
Trump is absolutely right. The media is twisting his words to attack him in any way possible.
Good luck getting the Rothchilds to go along with that plan. It's the same plan they use on the entire globe.
Either Donald doesn't know whom he's dealing with (Sun Tzu), or he's taquiyaing us.
So, I actually believe Trump. He is not the most eloquent speaker and I can definitely see how he was misunderstood due to his lack of clarity. HOWEVER, when I questioned the wisdom of his first comments that could have been construed as a creditor discount, many Trump supporters advocated for "Haricuts", especially for the FED. !!! I wonder if they are now disappointedLOL.
Zimbabwe’s government can print money too
Great, another guy whose solution is to print more “money”. I’ll keep buying metals.
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.
Trump is operating at an understanding of finances far above most.
When did Keynes supplant Bastiat as a conservative icon?
My father, who was born and raised in NYC, used to say "in other words" all the time! When I hear Donald Trump speak, it's almost like I hear my own father speak. The words and phrases he uses are pure "New Yorkese."