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

[Matt Collins]

Is this guy insane?!


http://www.politico.com/story/2016/05/trump-no-debt-default-222957

 

[jth_ttu]

Trump wants to print us out of debt

http://www.cnn.com/2016/05/09/politics/donald-trump-national-debt-strategy/index.html

Trump thinks the US can't default because we can print money..

 

[moostraks]

It’s easy to write this stuff off as just another example of Trump not knowing what the hell he is talking about and/or talking out of both sides of his mouth, and that’s probably the case here. But you do have to ask, who would benefit from such a move? Who, other than a long time buddy of Donald Trump’s who has made a substantial portion of his money by betting against sovereign currency? None other than George Soros, of course.


Keep in mind, Trump has a lengthy history of using him connections with government to benefit himself and his friends. We shouldn’t rule out the possibility that his own pecuniary gain (or the pecuniary gain of his allies) is the reason Donald Trump does or suggests anything.

http://www.redstate.com/leon_h_wolf...void-default-specifically-advocated-saturday/

 

[Murray N Rothbard]

This could get really out of hand.

 

[timosman]

Greenspan has been saying the same thing:




Haven't you listened?

 

[SilentBull]

Thank you Trumpsters. This is who you have representing you in the general election now.

 

[timosman]

Enjoy the decline!

Donald "Is there a brain between these ears?" Trump is taking down the system by exposing it for what it is.
Enjoy the decline!

 

[acptulsa]

"It was reported in the failing New York Times and other places that I want to default on debt," Trump said. "You know, I’m the king of debt. I understand debt probably better than anybody. I know how to deal with debt very well. I love debt but you know, debt is tricky and it’s dangerous and you have to be careful and you have to know know what you're doing. If there's a chance to buy back debt as a discount, interest rates up and the bonds down and you can buy debt. That’s what I'm talking about."

LOL

Yeah, he loves debt. Mostly, he loves the way his lawyers make it disappear in bankruptcy court after he has blown the money. Loves it enough to have done it four times, in fact.

"This is the United States government. First of all, you never have to default because you print the money. I hate to tell you. So there’s never a default. But the point is it was reported in the New York Times incorrectly," he said, referring to a critical Times article that ran on Friday.

He's criticizing the Times for getting things wrong, yet he tells the world that it's the United States Government that prints money willy-nilly, when in fact it's half a dozen of the world's richest banks that do it?

Never mind what will happen to average Americans if we continue to be nailed to this cross of paper and electrons by legal tender statute while he crashes the value of it. He certainly doesn't seem interested in keeping us informed about that, either.

 

[William Tell]

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

 

[acptulsa]

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

They don't know what they're putting the country through, causing everyone with a brain to be so embarrassed for them when they don't have enough sense to be embarrassed themselves.

Awfully rude of them.

 

[Jamesiv1]

Greenspan has been saying the same thing:

I love this video LOL

at the :58 second mark, Greenspan says, "The U.S. can always pay any debt it has because we can always print money"

the look on the guy's face sitting next to Greenspan is priceless lol

 

[EBounding]

Libertarian Champion Donald Trump: "I love debt!"

http://www.cnn.com/2016/05/09/politics/donald-trump-national-debt-strategy/index.html

 

[Brian4Liberty]

Greenspan has been saying the same thing:

Haven't you listened?

Yeah, Greenspan and others have said it. It's just so much more controversial when a candidate or sitting official admits it publicly. The first rule of fiat money printing is to not talk about money printing.

 

[timosman]

Yeah, Greenspan and others have said it. It's just so much more controversial when a candidate or sitting official admits it publicly. The first rule of fiat money printing is to not talk about money printing.

Damn right.

 

[CPUd]

It's OK though, because if it gets too high, he will renegotiate or something:

The presumptive Republican presidential nominee suggested in a phone interview Thursday with CNBC that he would stimulate growth through borrowing. If trouble arose, he added, he could get investors to accept reduced payments for their Treasury holdings.

Trump later clarified that comment to say he would offer to buy the bonds back at a discount from investors in hopes of refinancing them at lower rates.

"I would borrow, knowing that if the economy crashed, you could make a deal," Trump told CNBC.

 

[jmdrake]

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

I'm not embarassed. I'm curious. I'm curious as to what their defense will be. Will it be:

1) Ignore the thread and hope the facts get forgotten
2) Post a link to the video and say "This was taken out of context" even though the full context won't change a think of what Trump actually said
3) Say "quit doing Hillary's research for her"
4) Say "But Ted Cruz missed the audit the fed vote"
5) Say "But Ted Cruz' dad killed JFK. Alex Jones, Wayne Madsen and the National Inquirer said so."

This isn't sad. It's funny. Damn funny. On November 9th (or whatever day is the day after election day) I will be happy because either Donald Trump or Hillary Clinton will have lost and I despise them both equally.

 

[FindLiberty]

Yikes. I have known/studied this Creature From Jekyll Island economic engine for over 35 years.
IMO, Trump is correct and has made lots of money using his obvious skills...

The only two issues are:
1). Believing Trump is genuinely on a mission to make America great (or is he despicably planning
rape her only for personal gratification/gain and to deliberately betray the rest of America).

2). Is Trump right or wrong in his approach identifying problems and pursuing solutions.
If he is wrong, now would be the time to identify those specifics so the voters can be
informed so they can shake off this wizard's spell, and then vote for someone else who
does not even seem to be running for POTUS at this time. Is he too much of a tyrant?

As it stands now, I'll be voting for Trump and love the entire controversy over this entire
election. His voter popularity (vote totals thus far) seem to support his persuasion has
indeed connected with them somehow.

There is deep concern over the economic reality of employment/inflation/welfare at home
and unease that the trending worldwide migration/refugee movement causes. The latter
must rely almost completely on socialism (placing additional economic strain on the average
voter) while it also apparently poses grave social/cultural and crime/safety impact on America.

Trump is 1st, calling these issues out into the sunlight. Agree or disagree with those points using
the political process. Remember the entire establishment of political/military/media organs has
made America (and the world) exactly what it is today. Some or much of that has been a result
of deception and most of it is a direct result of printing money out of thin air without the true
concept of borrowing it from some cash-rich source or ever having to ever pay it back again.

The annual budget deficit/cumulative "debt" conceptual total "the can" must be kicked down the
road forever if America is to remain the world's leading superpower both militarily and economically.

Ron Paul promoting "auditing the FED" and Trump's dragging the "USA's money printing" practice
out into the sunlight are not one and the same thing! The latter is far blunter, dangerous and
that fact cannot be papered over with conclusions in an "official" report. THAT concept scares me,
but most of the leaders of other countries already know this "reality" and either go along to survive
or they get overthrown and replaced by US-friendly-puppets and/or mercilessly pounded to rubble.

American people can remain (or pretend to be unaware and) unconcerned about the ugliness going
on overseas that's required to keep the status quo going. The elite seem happy enough, but the
great unwashed masses have to struggle along with increasingly difficult factors resulting in an
exponential declining standard of living by working multiple jobs and losing to inflation in all areas
not price-fixed by government regulation. (Note that Americans are still considerably far better
off than exists in the rest of the world. The EU is seeing great unrest and facing an astonishing
decline/loss of people/culture/history/wealth etc. Enormous impacts loom ahead if borders remain
wide open and the native populations are replaced while the EU separates into nations again to
escape from some invisible enemy within.)

Trump wants to win the POTUS election and make America great, but from a Liberty perspective
coercive government solutions shouldn't work to give Americans their "dream" back.
Tyranny horror may be the result instead.

The dream was unraveling anyhow, so some alternative needs to be tried; maybe this is the time.

Liberty and Freedom have a tough sell against the "great" wizard's promises to continue, restore
and even improve "the American dream".

The truth might not even be pretty.

A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to lose fiscal policy, which is always followed by a dictatorship.

The average age of the world's greatest civilizations from the beginning of history has been about 200 years. During those 200 years, these nations always progressed through the following sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to complacency; From complacency to apathy; From apathy to dependence; From dependence back into bondage.

 

[acptulsa]

Ron Paul promoting "auditing the FED" and Trump's dragging the "USA's money printing" practice
out into the sunlight are not one and the same thing!

That's certainly true enough. Paul talks to us like adults, and warns us that this problem is a problem. Trump says, in effect, don't worry about it because we can just print and print until it costs you a trillion dollars to buy a loaf of bread, just like Zimbabwe, and then the debt is gone no problem. Which, of course, really is no problem at all. If you're Trump.

If you happen not to be Trump, on the other hand, enjoy being hungry! There's no better weight loss program than trillion dollar loaves of bread! If you lack will power, Trump, in his infinite kindness and concern, has you covered!

 

[Mordan]

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.

 

[jmdrake]

Technically he is correct. Greenspan was correct.

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

LOL. Are you serious or trolling?