When you own a legal printing press running it just to pay your bills is how you default. One more time in large cheerful letters:“’This is the United States government. First of all, you never have to default because you print the money. I hate to tell you. So there’s never a default. But the point is it was reported in the New York Times incorrectly,’ he said, referring to a critical Times article that ran on Friday.”
Devaluation = Default
So what the great business man is proposing is to borrow massive amounts of money, spend it all on "infrastructure" then when the Keynesian economics fail to work we turn the world's(including our) reserve currency into toilet paper.
Trump will be the next president. I also think he's the white man's Obama. IMO. Its just Amazing how many times the same people will allow themselves to be taken in by the same scam.---Ray
ReplyDeleteThere are parallels to be made, and apparently people will.
DeleteAll he did was state what was indisputably true and what has been the national policy of the USA since before our revolution. It is how the Obama administration has spent a trillion dollars more every year than they raised in revenues. Why is Trump foolish for saying out loud what is an observable fact?
ReplyDeleteYA know at this point of the game I would vote for Mickey Mouse if he gave political correctness the middle finger AND told me he was going to increase welfare, government spending and my taxes while doing it. As long as he did something about political correctness all the rest would still be worth it.
ReplyDeleteSadly you don't seem to be alone on that sentiment. I'd hoped for more, but after holding my nose in the last election I swore I wouldn't hold it that much again, this would take putting my nose in a vice. Too bad, there were a few options that had a real chance of actually hurting the Marxfem agenda in substantial ways. As always I hope that I'm wrong about Trump, but I sure don't think I am.
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