Trump On Letting The Economy Collapse

Donald Trump just threatened to cause an unprecedented global financial crisis | CNBC

"I would borrow, knowing that if the economy crashed, you could make a deal," Trump said. "And if the economy was good, it was good. So therefore, you can't lose."

So Trump thinks if the economy crashes it would be similar to his own experiences of going bankrupt and solving the problem by somehow making a better deal. Holy moly, his ignorance just continues to shine with each and every interview! You know, conservatives love to attack Sanders and his socialist views by comparing him to Venezuela but by the sounds of it this so called business man could actually bring America to that extreme, not Sanders!

So much for making America great again, more like failing completely and making a new deal. If he becomes president watch the financial sector go into red alert!

Trump and his supporters should watch this quick video about US debt.

a reply to: Swills

It's fake debt to international banksters based on a fraudulent money system controlled by psychopaths that have vested interest in keeping this BS going. Let it collapse, charge politicians with treason and international bankers with crimes against humanity. If found guilty and that is more like a when than an if, hang them all. It's a green solution.

Cheers - Dave

a reply to: bobs_uruncle

in the real world the debt is quite real

a reply to: bobs_uruncle

I agree bankers are an major problem but our debt is more complicated then that. Did you watch the second video about US debt? It's a bit dated, from the 2012 election, but it's general info is of course still valid.

a reply to: stinkelbaum

Our currency is essential a fiat currency backed by nothing(except perhaps the oil trade, petrodollar).

Debt on a fiat currency is fiat too.

a reply to: bobs_uruncle

In letting that happen, it would negatively affect a very large number of ordinary people who don't deserve such a thing, and many of their lives would drastically, and negatively, change.

They don't deserve that.

a reply to: Swills

This could have easily been posted in one of the numerous other threads already discussing this topic, A few of them even taking your same point of view.


My take; It's going to happen sooner or later, if it can be managed in a more controlled fashion, with all the scumbag bankers, congressmen, and senators held accountable...so much the better.

But we're just rearranging deck chairs on the Titanic as it is. She's going down anyway. Might as well grab some hotdogs and marshmallows.

a reply to: Liquesence

Maybe we all do for being overly apathetic and uninterested in the political process. WE let this happen by applying the misguided belief that "there are enough OTHER people (odds) to fix the problem so therefore I don't have to do anything." Psychology 101..

a reply to: Swills

Sorry, your just missing his point. He is saying if you, me ,your mom, or The Donald, go into more debt, if the economy tanks your debt will drop (or I think, go away). He's saying you can make a deal and reduce the rate or the amount you owe or both. And if the economy is good, then your debt is the same. So its a win, win, either way. Debt is something to be "played" with. Understand its rules and use its rules to your advantage. You can make money from debt. Use this system to your advantage. If they change the rules? No problem, you use the new change to your advantage. Figure it out.

a reply to: watchitburn

This should be posted constantly to really nail home Trump's message of inviting an economic collapse in order to work out a deal. What a terrible idea and I can't believe running for president would even embrace of such a thing! Yet, Sanders is always attacked by the conservative camp that he will bring exactly what Trump admits he would be comfortable with creating. It's unreal!

So, you're telling me, let it all go to hell and Trump will fix it? You think Trump is gonna bring Wall Street to it's knees and actually prosecute white collar crimes? Good luck with that.

a reply to: HUMBLEONE

You have no idea what you're talking about you're just parroting what Trump said. Sometimes, I want him to be president so when he destroys this country maybe his supporters might realize mistakes were made and Trump isn't the savior they thought he was.

a reply to: Swills

So a sitting president does have control and can manipulate the economy?

Why does Obama give us all such a crappy economy?

this is just another reason that I am scared of this guy becoming president. I'm EQUALLY afraid of Hillary in the Oval office. F**k

a reply to: Swills

Maybe you should read this article. It may help you understand what Trump was referring to, and realize that he is correct.

www.cnbc.com...

Schiff has long been opposed to the Fed's so-called easy money policies. He insists that rather than helping the economic backdrop, the excess liquidity has created fragile asset bubbles so fragile that may send the U.S. spiraling into a recession worse than what occurred during the financial crisis.

"[Trump] recognizes that we have a bubble and he wants to make America great again," Schiff said, adding that of all the candidates he has the best understanding of how bad the problems are.
"To get great again we need to recreate what made us great in the first place, and so we're going to have to let interest rates go up," Schiff added. "A big part of that is admitting that we aren't going to be able to re-pay the debt."

Trump On Letting The Economy Collapse

Trump has about as much power to pull this off as having Mexicans build a wall and pay for it.

Trump is a fantastic BS artist and I really question the thinking ability of those that believe his BS.

originally posted by: Swills

Donald Trump just threatened to cause an unprecedented global financial crisis | CNBC

"I would borrow, knowing that if the economy crashed, you could make a deal," Trump said. "And if the economy was good, it was good. So therefore, you can't lose."

So Trump thinks if the economy crashes it would be similar to his own experiences of going bankrupt and solving the problem by somehow making a better deal. Holy moly, his ignorance just continues to shine with each and every interview! You know, conservatives love to attack Sanders and his socialist views by comparing him to Venezuela but by the sounds of it this so called business man could actually bring America to that extreme, not Sanders!

So much for making America great again, more like failing completely and making a new deal. If he becomes president watch the financial sector go into red alert!

Trump and his supporters should watch this quick video about US debt.

Swills - By now you should know that you cannot have a decent conversation with people that are not living in the same reality.

Good luck with your thread. But I'm sure they'll continue to support their dear leader because he "tells it like it is!" Economic and International policy be damned.

a reply to: Swills

Good for Trump.

This is a man who actually understands how criminal this 'debt' owed by the American people really is...let it fail and then screw the international bankers. We would be better starting over than trying to service a debt that will clearly never be paid back without printing the money to do it via hyper inflation.

a reply to: HUMBLEONE

I tried to deal with whether that's really the case here:

Is Trump's idea about renegotiating the national debt unconstitional?

Quoting the US Constitution:

The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. [...]

What does "validity" mean? Here's a link to the definition according to Black's Law Dictionary:

thelawdictionary.org...

Definition of VALIDITY: This term Is used to signify legal sufficiency, in contradistinction to mere regularity.

I'm not an expert but my understanding of the above is the debt of the US has the equivalence of any other US law. That means that the terms of the debt must be followed exactly by everyone IMHO, period.

This is how I read it:

The validity (equality with all other laws) of the public debt of the United States...shall not be questioned.

Since it doesn't say who cannot question it, we must assume that, constitutionally speaking, no one can question it. Neither the US government nor its creditors. If either side questions it (and that precludes renegotiating it), it's unconstitutional. That's my conclusion.

originally posted by: Metallicus
a reply to: Swills

Good for Trump.

This is a man who actually understands how criminal this 'debt' owed by the American people really is...let it fail and then screw the international bankers. We would be better starting over than trying to service a debt that will clearly never be paid back without printing the money to do it via hyper inflation.

Who Owns the U.S. National Debt?

I think you need to do some research.

a reply to: olaru12


You claim:
"Trump is a fantastic BS artist and I really question the thinking ability of those that believe his BS."

Please expose and explain the BS. Seriously, I don't want to be fooled.