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Trump threatens to default on debt.
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May 8, 2016 11:17:03   #
cold iron Loc: White House
 
Kevyn wrote:
He knows enough not to run four companies into bankruptcy screwing investors and creditors and putting thousands out of work.





Since you know nothing about anything, you fail to understand he bought these companies that where going down, sold off there assets and filed bankruptcy, and probably made a bundle. Stupid people do not know they are stupid.

Reply
May 8, 2016 14:45:51   #
PoppaGringo Loc: Muslim City, Mexifornia, B.R.
 
PeterS wrote:
Today, in a statement that surprised even me, Donald J Trump said that he would default on the US debt if the creditors refused to renegotiate during a time of recession. It seems that Trump doesn't understand that the reason that people buy our debt and the reason we are the benchmark currency in the world is because the US government stands behind it's debt 100%. So a default on our debt payments would most certainly collapse our own economy. Now my only question is--can't Trump take even a single day off where is isn't making some sort of idiotic bone headed comment? Just think of all the idiotic things hes going to say before the election. There is a reason businessmen make lousy politicians and with each day that passes Trump is showing us why that statement is true. Default on debt. That worked when he was trying to stick it to his creditors but now the people he's trying to stick it too are the American people. And you really think he's better than Hillary? Christ, you people are flat out nuts....

http://www.huffingtonpost.com/entry/donald-trump-default-national-debt_us_572d08e3e4b096e9f0917fac
Today, in a statement that surprised even me, Dona... (show quote)



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May 8, 2016 15:06:37   #
jeff smith
 
PeterS wrote:
Today, in a statement that surprised even me, Donald J Trump said that he would default on the US debt if the creditors refused to renegotiate during a time of recession. It seems that Trump doesn't understand that the reason that people buy our debt and the reason we are the benchmark currency in the world is because the US government stands behind it's debt 100%. So a default on our debt payments would most certainly collapse our own economy. Now my only question is--can't Trump take even a single day off where is isn't making some sort of idiotic bone headed comment? Just think of all the idiotic things hes going to say before the election. There is a reason businessmen make lousy politicians and with each day that passes Trump is showing us why that statement is true. Default on debt. That worked when he was trying to stick it to his creditors but now the people he's trying to stick it too are the American people. And you really think he's better than Hillary? Christ, you people are flat out nuts....

http://www.huffingtonpost.com/entry/donald-trump-default-national-debt_us_572d08e3e4b096e9f0917fac
Today, in a statement that surprised even me, Dona... (show quote)


how much money do you think other countries owe this country/ after WW1and WW2 just those two alone. that we loaned other countries to rebuild , to get their economies back on track. we have never seen any of that money. maby we should add all of the money other countries owe us from the distant past add the interest and deduct it from what we owe them and then work off the balance that they owe us or what we might have left over that we might owe them. I do not agree that business men make lousy politicians I think he will be among the top ten of presidents. you vouldn't pay me enough money to vote for hitlery cleentone. I would take you money but I would not vote to have another 4 years of obumernuts lies, after lie , after lie. trump wants to suspend muslim migration until things are sorted out so we can be assured that there are no isis in the flow of people coming over here. he isn't against central or south Americans coming into the country he wants yo stop the illegal ones coming into the country. but your democrat news media wont tell you that. they just want to keep pushing their distortion to make your choice look good. even though they can't do to much to make hitlery cleentone look good. although the democratic party buys enough votes that she may have a chance to win. yep they out there buying votes as much as they can.

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May 8, 2016 15:16:03   #
PoppaGringo Loc: Muslim City, Mexifornia, B.R.
 
jeff smith wrote:
how much money do you think other countries owe this country/ after WW1and WW2 just those two alone. that we loaned other countries to rebuild , to get their economies back on track. we have never seen any of that money. maby we should add all of the money other countries owe us from the distant past add the interest and deduct it from what we owe them and then work off the balance that they owe us or what we might have left over that we might owe them. I do not agree that business men make lousy politicians I think he will be among the top ten of presidents. you vouldn't pay me enough money to vote for hitlery cleentone. I would take you money but I would not vote to have another 4 years of obumernuts lies, after lie , after lie. trump wants to suspend muslim migration until things are sorted out so we can be assured that there are no isis in the flow of people coming over here. he isn't against central or south Americans coming into the country he wants yo stop the illegal ones coming into the country. but your democrat news media wont tell you that. they just want to keep pushing their distortion to make your choice look good. even though they can't do to much to make hitlery cleentone look good. although the democratic party buys enough votes that she may have a chance to win. yep they out there buying votes as much as they can.
how much money do you think other countries owe th... (show quote)



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May 8, 2016 16:22:58   #
J Anthony Loc: Connecticut
 
PeterS wrote:
Today, in a statement that surprised even me, Donald J Trump said that he would default on the US debt if the creditors refused to renegotiate during a time of recession. It seems that Trump doesn't understand that the reason that people buy our debt and the reason we are the benchmark currency in the world is because the US government stands behind it's debt 100%. So a default on our debt payments would most certainly collapse our own economy. Now my only question is--can't Trump take even a single day off where is isn't making some sort of idiotic bone headed comment? Just think of all the idiotic things hes going to say before the election. There is a reason businessmen make lousy politicians and with each day that passes Trump is showing us why that statement is true. Default on debt. That worked when he was trying to stick it to his creditors but now the people he's trying to stick it too are the American people. And you really think he's better than Hillary? Christ, you people are flat out nuts....

http://www.huffingtonpost.com/entry/donald-trump-default-national-debt_us_572d08e3e4b096e9f0917fac
Today, in a statement that surprised even me, Dona... (show quote)



The irony there is, though I'm not so sure Trump would be the one to pull it off, the odious national debt will indeed have to be renegotiated at some point. It is unsustainable and no longer serves any productive purpose, besides as a political bludgeon used to impose fiscal austerity on governments and citizens. It can never be paid down, nor is it meant to be. Today it is merely a tool and the biggest asset of the private banking cartel that creates the currency (which is anticonstitutional), as well of those who own shares.
I wouldn't listen to a word mainstream-economists have to say on the subject, as they are fully indoctrinated into establishment-thought and never get to the root of the problem. According to them, the private bankers and creditors who own the debt are gods who are beyond reproach. This is a sick joke. The fact is we are in debt for something we have the sovereign right to create ourselves. The current system of debt-based currency and the commodification of debt is a giant pyramid-scheme.

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May 8, 2016 16:53:53   #
J Anthony Loc: Connecticut
 
Striker wrote:
GOVERNment is broke, you know, and the present set of Rulers cannot, or will not, do anything about it.
Only the coming Great Global Collapse can cure this, as this and most others go out of business.
WE the people neither made nor consented to this debt, all made by the nutso's in D.C., so WE are not responsible. Things will be very different next round.


True enough; that pundits and economists try to insist that the debt is non-negotiable and that it is insane to think otherwise proves that THEY are the insane ones, fully indoctrinated into this usurious system of debt-peonage. They are either ignorant or duplicitous. It is maddening to have to listen to them trying to justify it. If the average American truly understood how the system worked, there is no way anyone in their right mind would consent to such a scheme. I don't know that Trump is the one who will enlighten the country on this subject or be able to turn it around, but anything that brings attention to this most relevant matter is good, even if it is him.

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May 8, 2016 17:11:05   #
speed 1
 
why not buy back us notes at75% and replace with gold or silver backed notes? or even back new notes with technology backed notes.

Reply
May 8, 2016 17:24:36   #
Ricko Loc: Florida
 
PeterS wrote:
Today, in a statement that surprised even me, Donald J Trump said that he would default on the US debt if the creditors refused to renegotiate during a time of recession. It seems that Trump doesn't understand that the reason that people buy our debt and the reason we are the benchmark currency in the world is because the US government stands behind it's debt 100%. So a default on our debt payments would most certainly collapse our own economy. Now my only question is--can't Trump take even a single day off where is isn't making some sort of idiotic bone headed comment? Just think of all the idiotic things hes going to say before the election. There is a reason businessmen make lousy politicians and with each day that passes Trump is showing us why that statement is true. Default on debt. That worked when he was trying to stick it to his creditors but now the people he's trying to stick it too are the American people. And you really think he's better than Hillary? Christ, you people are flat out nuts....

http://www.huffingtonpost.com/entry/donald-trump-default-national-debt_us_572d08e3e4b096e9f0917fac
Today, in a statement that surprised even me, Dona... (show quote)


Peter S. -Trump did not say he would default on the debt. He said he would threaten to default but that he would not default on the debt and that advocating contradictory positions is part of his brand. Did you think the Huffiington Post would be fair to Trump or twist his words ?? As an example;, renegotiating rates on that part of the debt owed to the Federal Reserve may not be such a bad idea..
Good Luck America !!!

Reply
May 8, 2016 17:36:18   #
Ricko Loc: Florida
 
J Anthony wrote:
True enough; that pundits and economists try to insist that the debt is non-negotiable and that it is insane to think otherwise proves that THEY are the insane ones, fully indoctrinated into this usurious system of debt-peonage. They are either ignorant or duplicitous. It is maddening to have to listen to them trying to justify it. If the average American truly understood how the system worked, there is no way anyone in their right mind would consent to such a scheme. I don't know that Trump is the one who will enlighten the country on this subject or be able to turn it around, but anything that brings attention to this most relevant matter is good, even if it is him.
True enough; that pundits and economists try to in... (show quote)



Reply
May 8, 2016 17:45:18   #
Ricko Loc: Florida
 
cold iron wrote:
Since you know nothing about anything, you fail to understand he bought these companies that where going down, sold off there assets and filed bankruptcy, and probably made a bundle. Stupid people do not know they are stupid.


cold iron- I believe the companies in question were all involved in casino gambling when it took a downturn. Trump took advantage of the bankruptcy laws and most likely took tax losses on the four companies. True that many people lost their jobs but no company guarantees anyone a job. I am quite sure Trump would have kept the companies alive if there was any hope of them being profitable. Only the US government operates on deficits. Good Luck America !!!

Reply
May 8, 2016 17:53:52   #
J Anthony Loc: Connecticut
 
speed 1 wrote:
why not buy back us notes at75% and replace with gold or silver backed notes? or even back new notes with technology backed notes.


A nation's currency need not be backed by anything but the full faith and credit of it's citizens. The real problem is not what our currency is made of, or that it be pegged to something else (though I agree money should be something tangible), but who issues it and how. What is threatening to collapse the dollar today is that 99 percent of the US money-supply is owed back to private lenders with interest, and the money to cover the interest does not exist until new loans are taken out to cover it; hence this perpetual cycle of only the interest getting paid, as the principal continues to grow. Its a Ponzi scheme.

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May 8, 2016 18:15:31   #
speed 1
 
Taj was doomed from the start, had to do $1,000,000 a day to break even.

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May 8, 2016 18:19:16   #
nwtk2007 Loc: Texas
 
Hemiman wrote:
Not at all nitwit2007.


Yes it is, half man.

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May 8, 2016 18:20:35   #
nwtk2007 Loc: Texas
 
J Anthony wrote:
A nation's currency need not be backed by anything but the full faith and credit of it's citizens. The real problem is not what our currency is made of, or that it be pegged to something else (though I agree money should be something tangible), but who issues it and how. What is threatening to collapse the dollar today is that 99 percent of the US money-supply is owed back to private lenders with interest, and the money to cover the interest does not exist until new loans are taken out to cover it; hence this perpetual cycle of only the interest getting paid, as the principal continues to grow. Its a Ponzi scheme.
A nation's currency need not be backed by anything... (show quote)


Out currency is backed by our military and some industries like oil.

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May 8, 2016 18:23:19   #
speed 1
 
our money was backed by gold then silver, now nothing but our good credit rating.

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