Trump Loves Playing With Debt

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kalm
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Trump Loves Playing With Debt

Post by kalm »

A bunch of media peeps have absolutely lost their shit over this. I've heard even the threat of this tactic and Trump winning will see world wide markets crashing prior to the election. Then again, I wonder where these "financial experts" and "economists" were prior to the last crash? :suspicious:

Trump is a classic developer and understands leverage and comebacks on a micro level. I don't know if it works on a world wide scale, but history suggests it might.

Playing with fire, or trumptastic, outside the box thinking?
On Thursday, the presumptive GOP presidential nominee told CNBC that his solution to dealing with the $19 trillion-plus national debt — and the risk of a budget blowout should interest rates rise and balloon the interest expense owed by taxpayers — involves a form of default such as repurchasing existing bonds at a discount. "I am the king of debt," he said, alluding to his corporate bankruptcies and use of leverage to build his real estate empire. "I love debt. I love playing with it."

His many detractors, freshly outraged over his "taco bowl" tweet, let loose again, calling Trump’s idea “insane” and warning that it would tank the economy or set off an “unprecedented financial crisis.” The general consensus: Trump is an idiot who doesn't know much about the way the financial system works.

Related: Trump Would Risk 'Full Faith and Credit of the US’

The irony is: His critics are the ones who don't understand..........
http://www.thefiscaltimes.com/Columns/2 ... -It-Sounds
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Ibanez
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Re: Trump Loves Playing With Debt

Post by Ibanez »

With all due respect, "professional" financiers, politicians, et all... have run up massive debts and tanked the economy so any of those people that have an issue with Trump have NO room to talk.


And for all his bankruptcies, the man is WORTH billions. Apparently he understands the system and is more apt to use the system.
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Re: Trump Loves Playing With Debt

Post by YoUDeeMan »

Inside your article, there is a link to another article that says people are worried about Trump receiving classified information.

It delivers this gem:

“Yes, we do,” press secretary Josh Earnest told reporters during a briefing. “Secretary Clinton has obviously served this administration with distinction, and she’s got a lot of experience in understanding the need to protect classified information.”

:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:

Additionally, Obama has often released classified information as it suited his needs. :nod:
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Re: RE: Re: Trump Loves Playing With Debt

Post by DSUrocks07 »

Cluck U wrote:Inside your article, there is a link to another article that says people are worried about Trump receiving classified information.

It delivers this gem:

“Yes, we do,” press secretary Josh Earnest told reporters during a briefing. “Secretary Clinton has obviously served this administration with distinction, and she’s got a lot of experience in understanding the need to protect classified information.”

:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:

Additionally, Obama has often released classified information as it suited his needs. :nod:
:rofl: :rofl: :rofl: :rofl:

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