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

[CPUd]

 

[timosman]

Technically he is correct. Greenspan was correct.

I love how Trump says it publicly and everyone here goes ape-shit. Trump is the best thing to happen to this country.

Let's drop the false modesty. Trump is the best thing to happen to this planet!

 

[Mordan]

Let's drop the false modesty. Trump is the best thing to happen to this planet!

They call him God-Emperor on his reddit channel

 

[timosman]

They call him God-Emperor on his reddit channel

God-Emperor aka Troll Extraordinaire.

 

[H. E. Panqui]

...i heard some goddamned fool conservative republican on the radio claiming, 'trump wants to print money to pay off the debt'..



...this display of ignorance is very typical among supporters of these miserable republican and democrat dullards..

(hint for any fool supporting any stinking republicrat: "THE GOVERNMENT" DOESN'T PRINT/CREATE MONEY TO PAY 'DEBT'...IT (gov.) ISSUES TREASURY BONDS WHICH PRIVATE COMMERCIAL BANKERS ACQUIRE WITH 'MONEY' (deposit creation) THEY CREATE...NOT THE GOVERNMENT, MONEY DUMMIES!!

(i know a couple of 10 year olds who under$tand the REALITY better than MANY MANY MANY (vitually all) monetary ignoramus republicrats!!

...sorry for 'yelling'...but sheesh!...

 

[timosman]

...i heard some goddamned fool conservative republican on the radio claiming, 'trump wants to print money to pay off the debt'..



...this display of ignorance is very typical among supporters of these miserable republican and democrat dullards..

(hint for any fool supporting any stinking republicrat: "THE GOVERNMENT" DOESN'T PRINT/CREATE MONEY TO PAY 'DEBT'...IT (gov.) ISSUES TREASURY BONDS WHICH PRIVATE COMMERCIAL BANKERS ACQUIRE WITH 'MONEY' (deposit creation) THEY CREATE...NOT THE GOVERNMENT, MONEY DUMMIES!!

(i know a couple of 10 year olds who under$tand the REALITY better than MANY MANY MANY (vitually all) monetary ignoramus republicrats!!

...sorry for 'yelling'...but sheesh!...

semantics

 

[H. E. Panqui]

semantics

...according to jerry voorhis MAYBE HALF OUR 'DEBT' IS OWED TO BANKSTERS WHO ACQUIRE/HAVE ACQUIRED INTEREST-BEARING GOVERNMENT BONDS (and everything else, btw) FOR NOTHING!!...

(so i guess about 10 trillion of the debt is just semantics, right?)

PUT AWAY THE GOLD BUG LUDWIG THEORIES AND GET REAL, FOLKS!!

 

[nikcers]

I mean Trump has condemned the bail outs right, after he supported them? He knows that they still haven't paid us for the bail outs yet right?

But of the 16 remaining institutions, nine had negative returns in 2015 and six of them had lower returns than they did in 2011.“Many of the remaining CPP institutions were on the ‘problem bank list’ of the Federal Deposit Insurance Corporation and most have been delinquent on their dividend payments for several years,” the report said.
“The problem bank list contains banks with demonstrated financial, operational or managerial weaknesses that threaten their continued financial viability; the number of problem banks is publicly reported on a quarterly basis.”
Eight of the 16 institutions held 88 percent of the CPP’s remaining debt. One of the banks, First BanCorp of San Juan, P.R., still had 49 percent of its nearly $125 million in capital injections still unpaid.

 

[TheTexan]

Pay off the debt by printing money, ... wow, why has noone thought of this before?

This solution seems so obvious now, I guess we just needed Trump's obviously amazing business skills to figure it out

 

[Jamesiv1]

God-Emperor aka Troll Extraordinaire.

Caesar Trollgustus!!

 

[acptulsa]

They call him God-Emperor on his reddit channel

And Obama supporters called him Messiah.

Now it's eight years later. Guess what they call him now.

By the time Trump gets through printing money, you won't be able to afford a loaf of bread. You'll be calling Trump a lot worse then. Or you would be, if it weren't for the fact that Trump is obviously running to lose--and will obviously succeed.

 

[Cleaner44]

I am embarrassed for his supporters. This is just sad.

Other than Ron Paul, there really aren't any respectable people to vote for. This is the dilemma of living in the USA, it is always voting for the least evil instead of an honorable person of integrity and knowledge.

In this current election cycle have the voters had anyone that wasn't embarrassing to support, other than Rand?

It is a damn shame that Rand never got the traction that I expected and hoped for.

 

[FindLiberty]

... In this current election cycle have the voters had anyone that wasn't embarrassing to support, other
than Rand? It is a damn shame that Rand never got the traction that I expected and hoped for.

1000%

So, a vote for the Wizard of Oz is the result.
Who knows, it might even buy us some time...

 

[euphemia]

Is this guy insane?!

Probably. But within the context of his debate points, he talked about how other nations devalue their currency and create problems for us. Reframing the discussion that way is a veiled threat to nations holding the note is that he plans to fight fire with fire. They will be repaid, but with US dollars that are worth nothing.

Convoluted thinking, for sure.

 

[GunnyFreedom]

LOL. Are you serious or trolling?

Why can't it be both?

 

[acptulsa]

Probably. But within the context of his debate points, he talked about how other nations devalue their currency and create problems for us. Reframing the discussion that way is a veiled threat to nations holding the note is that he plans to fight fire with fire. They will be repaid, but with US dollars that are worth nothing.

Convoluted thinking, for sure.

Oh, it's actually very simple.

A weak dollar is good for corporations, because it allows us to export more. And it's bad for us, because it automatically gives us all a cut in pay every day that we don't get a raise.

And since Trump has never made any secret of thinking like a businessman, or of screwing his employees, you can't even call him out on it. He is basically promising to screw us, but his fans refuse to believe him.

 

[FindLiberty]

.... the debt is gone, no problem. Which, of course,
really is no problem at all. If you're Trump ...

Please reconsider this whole "debt talk" issue. Is this about "fully controlling" inflation?

The US Treasury "prints" the money. (The smoke and mirror aether tells them to do it.)

It's not Trump who set up this system of perpetual debt, but he sure does know how
to play it from the outside. Can he run it from the inside and/or make it any better?

What debt do they keep talking about paying off or paying down?

That money (currency) was printed up, used up and poof - it's already
long gone. Happened last year, every year or decades ago, it's all gone!

Lot's went for bombs, cars from Japan, and stuff from China and home lawn care.

It does not go into default or get paid back. It just grows larger and larger on paper!

How is the mainstream explanation valid? Who had those trillions of dollars stashed away
to borrow from (and/or loan out) in the first place?

Why worry about paying anyone back WHEN THE USA PRINTS THE MONEY?

Any bonds, loans or interest "promised" still must be funded with some source in the
current year's budget. Problem is the same; the taxes, fees and tariffs collected from
this (and future) year's budgets fall WAY too short of the required amount. EACH YEAR,
the budget always comes up SHORT even though it even fudges a bit by counting income
tax money collected from government employees who are being paid with the printed
money trickling in from the prior year's deficit budget, ...and so on.

It's neat how major banks can fail and then, poof QE, poof everything is OK and paid off.
It all runs on smoke and mirrors. By law, we have to use this money/currency.

Only kicking the can, (keeping the printing press) more out-of-thin-air funny-money can
keep this beast alive. Of course there is inflation that cannot be completely resisted. Only
the official reports and speaking points read by the MSM along with some price controls can
apparently keep inflation somewhat in check. The trick is not to expose/fiddle with it too much.

It would cause shock waves, but the income taxes could be eliminated and replaced by more
BS printed money and the debt could be paid off by tacking on the entire amount to one year's
budget deficit since the printing press was already running anyhow. It's possible by printing more
money, but could the resulting inflation be kept in check? Maybe a wizard could adjust the ratios
and BS like Bill Clinton did when he found a big gob of hidden money just sitting around, and made
everyone happy ...for a while. Trump might be able to pull that same kind of "magic" trick again
by negotiating better deals for America. I'd buy it (solve budget problems, restore near-full
employment, keep taxes low and hold back inflation, etc.) if he could do it convincingly just like
WJC did.

What am I missing? (Be nice to me 'cause I took my idiot pill this morning.
It's a placebo tab 1000; the placebo tab 500's were just not strong enough
and I must have started to worry about thinking, again. I think I don't care now.)

 

[FindLiberty]

At what point do the principles of sound money give way to debating relative
adjustments made to strengthen the dollar via more government manipulations.

I think we are so screwed in the long run...

 

[CPUd]

 

[Matt Collins]

Did Justin Amash really just use the shit icon in his tweet? lol