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yellen not with Trump on $1 trillion infrastructure spending
- Thread starter S2007S
- Start date
Trump seems bit radical thinker, make it look like he pay for own campaign (like no lobbisits), idk if he has claimed to start printing money or will do it but thats the usual american way since it holds base currency , more money, more debt, more profit for few priviledged.Mr. Trumpets is all yap yap and the stupid public bought it. He has no real or practical agenda to bring US out of the financial mess.
He will spend alot on infrastructure programs financed by printing more money and say that he has created lots of jobs. He will further spend more on defense and related nonsense. This all by printing money and piling more debt. This will be inflationary economics which will erode the value of dollar.
Then he will turn around and ask creditors to restructure the debt or end up with weakened dollar worth only a dime vrs when they bought the debt years ago.
Then he will turnaround in his flambouyant ways and Trumpet that he squashed the US debt, created jobs........and Made America Great Again.
2/3rds of US debt is owned by internal US entities, 1/3rd by foreign nations with China and Japan at around $1T each. In this bold process of inflation economics and gunslinging with debt, how many households he will destroy and what level of chaos will be unleashed...........is out of any imagination. Will have to be dealt with when it actually hits the windshield.
Instead new President in the WH, should cut defense, cut healthcare costs, cut wasteful social programs, cut foreign aid, where ever reasonably possible force trade partners to buy more US goods than from China and save upto $1Trillion a year and put these funds into "infrastructure" related projects to create jobs and fuel domestic consumption. This will create economic growth, higher stock markets..............means more internal tax revenues plus more foreign money in the US markets paying taxes on the capital gains.
Finally, if need be, send several Platoons of Delta Forces and Navy Seals to "tax haven banks" and force them to wire the several trillions held by US companies and Super Rich 1% individuals/families. All this money set aside to pay for the debt interests annually or invest into growth industries.
Idk amrican politics too well but who was last radical thinking person.
Kennedy seemed appeared to plan to alter the money system bit and probably was made an example to others,now system is rooted deeper with more time probably lol.
If do it for jobs at least he can later say all was good while it was his time lol.He will spend alot on infrastructure programs financed by printing more money and say that he has created lots of jobs. He will further spend more on defense and related nonsense. This all by printing money and piling more debt. This will be inflationary economics which will erode the value of dollar.
Trump seems bit radical thinker, make it look like he pay for own campaign (like no lobbisits), idk if he has claimed to start printing money or will do it but thats the usual american way since base currency in under USA , more money, more debt, more profit for few priviledged.
Idk amrican politics too well but Kennedy seemed appeared to plan to alter the money system bit and probably was made an example to others,now system is rooted deeper with more time probably lol.
Its quite strange, if look debt info all countries on the planet own to someone lol, only very few like Lichtenstein etc no debt.2/3rds of US debt is owned by internal US entities, 1/3rd by foreign nations with China and Japan at around $1T each. In this bold process of inflation economics and gunslinging with debt, how many households he will destroy and what level of chaos will be unleashed...........is out of any imagination. Will have to be dealt with when it actually hits the windshield.