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Trump Reportedly Offers to Buy $462 Billion in Italian Debt

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posted on Aug, 24 2018 @ 09:37 AM
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a reply to: AugustusMasonicus

He said he doesnt fully understand the process, and you throw out some alphanumeric rating?


Dont be Dennis Miller, explain your reference?




posted on Aug, 24 2018 @ 09:43 AM
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originally posted by: Butterfinger
He said he doesnt fully understand the process, and you throw out some alphanumeric rating?


Dont be Dennis Miller, explain your reference?


Those are Moody's/S&P's bond ratings.



posted on Aug, 24 2018 @ 09:43 AM
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originally posted by: FamCore
I have enjoyed a lot of these comments so far, I'm not going to lie


That being said, can anyone enlighten me as to why buying the debt of other countries would be a smart "investment" vehicle? Whether financially or otherwise?


There isn't really any investment angle, it's been done to provide support to the Italian government borrowing.

Depending on your politics you can either believe its good politics and economics or you can think its intended as a bit of twos up towards the EU. Maybe option C - Both.



posted on Aug, 24 2018 @ 09:45 AM
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originally posted by: Butterfinger
a reply to: AugustusMasonicus

He said he doesnt fully understand the process, and you throw out some alphanumeric rating?


Dont be Dennis Miller, explain your reference?



Following is a summary of their stances on Italy. Moody’s S&P’s Fitch DBRS Rating Baa2 BBB BBB BBB (high)

Reuters< br />


I'd say it's glorified junk right now.



posted on Aug, 24 2018 @ 09:52 AM
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Is this like when Guido buys the debt you owe the shylock.
Now you owe Guido and the vig goes up a couple points?

Gonna have to break a lot of Italian legs



posted on Aug, 24 2018 @ 09:56 AM
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a reply to: TinySickTears

The meeting was probably set up because Trump knows a guy who knows a guy.

*talks in raspy voice*
"Alright, so first things first, he's family and good peoples capiche? When you sit down wit him, and he offers the sauce, you get a plate with the sauce and a couple of fat meatballs, his Ma makes it like my ma makes it"



posted on Aug, 24 2018 @ 09:59 AM
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a reply to: CriticalStinker

Nice!!



posted on Aug, 24 2018 @ 10:04 AM
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a reply to: CriticalStinker

Prob went to the restaurant early and stashed a pistol in the back of the toilet just in case that #in cocka roach opens his mouth



posted on Aug, 24 2018 @ 10:10 AM
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a reply to: Butterfinger

We and the world have been in a bull market following the recession of 08'. The second recession indicators rise, I'd bet many debt ratings go down a notch or two. If interest rates don't rise I wouldn't be surprised if that's soon rather than later.

So it's just two down grades from being junk, which will probably happen soon.

I'm no expert, but we all know these long strides don't last forever, so when things do take a dip, that debt is essentially worthless.

God forbid we get locked into a Greece like situation, obviously we won't ask them to jump on our currency and ask them to drop their's, but half a trillion is not chump change, they could obligate us to re-loan in the future to protect our already large "investment".



posted on Aug, 24 2018 @ 10:12 AM
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originally posted by: CriticalStinker
a reply to: TinySickTears

The meeting was probably set up because Trump knows a guy who knows a guy.


Are you implying Trump has Mafia ties? Well he's from New York.



posted on Aug, 24 2018 @ 10:12 AM
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originally posted by: intrepid

originally posted by: CriticalStinker
a reply to: TinySickTears

The meeting was probably set up because Trump knows a guy who knows a guy.


Are you implying Trump has Mafia ties? Well he's from New York.


Dude owned casinos, we're way past implications.

edit on 24-8-2018 by CriticalStinker because: (no reason given)



posted on Aug, 24 2018 @ 10:26 AM
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a reply to: CriticalStinker

He needs to start putting an equal number of blueberries in each muffin.



posted on Aug, 24 2018 @ 10:48 AM
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Italy has the highest debt of all EU countries except for Greece. So yeah, this definitely not a sound financial investment. The only ROI will be influence, which makes sense since Conte is about the only EU leader praising Trump. A little flattery goes a long way with Trump. Seems like this is just a very expensive way to say FU germany

But exactly how is Trump planning to buy these italian bonds? I thought the federal reserve operates independently from the us government?



posted on Aug, 24 2018 @ 12:35 PM
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If I remember correctly,there were articles alleging the fed was buying California bonds to help prop the state up.The articles were saying that this was a no-no.FWIW



posted on Aug, 24 2018 @ 01:21 PM
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a reply to: AugustusMasonicus

Well, I figured as much, coming from you.



posted on Aug, 24 2018 @ 01:26 PM
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Its a good move.

Buy their debt have leverage in trade negotiations



posted on Aug, 24 2018 @ 01:41 PM
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a reply to: FamCore

All roads lead to Rome...



posted on Aug, 24 2018 @ 02:26 PM
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a reply to: kwakakev

I got passed off to a South American lady doctor, after my old G.P. retired. She has no problem with doubling his max doses, but on the other hand, she decided that she didn't like it here, so she packed up and left. BTW, my local Pharmacist refused to fill a couple of her prescriptions, saying that they would kill me. You gotta wonder what kind of C$%p medicines are being shoved down our South American brothers' and sisters' throats. She had my retired doc's paper work on my lab results, right in front of her, when she doubled up on his max doses.



posted on Aug, 24 2018 @ 03:56 PM
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originally posted by: carpooler
a reply to: kwakakev

I got passed off to a South American lady doctor, after my old G.P. retired. She has no problem with doubling his max doses, but on the other hand, she decided that she didn't like it here, so she packed up and left. BTW, my local Pharmacist refused to fill a couple of her prescriptions, saying that they would kill me. You gotta wonder what kind of C$%p medicines are being shoved down our South American brothers' and sisters' throats. She had my retired doc's paper work on my lab results, right in front of her, when she doubled up on his max doses.



My sentiments exactly Trump should be doubling up the eu's meds.



posted on Aug, 25 2018 @ 03:27 AM
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a reply to: FamCore

I see who is the supposed reporter,one of his worst enemys,so I consider the source being no one but media has mentioned it,more MSM BS



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