Trump: "Run the economy like a failed casino!"
Well, Trump's plan as cited in the article isn't really negotiating, it's taking out a loan and only paying back a small portion. The debt holders in this case are the current bond holders: everyone from China to the major Wall Street banks. Yes, not exactly our best friends, but the instability of the largest economy in the world not paying it's debt would drive fear into the market in a way we've never seen before.
That is why I don't understand how we can renegotiate our debt. Much of the debt is in the form of bonds, which are bought sometimes individually, but also as parts of mutual funds and retirement plans. They are supposed to be the safest investment. That is unimaginable that we wouldn't pay out what they are worth. If that happened the stock market would crash pretty hard I think.
Well, Trump's plan as cited in the article isn't really negotiating, it's taking out a loan and only paying back a small portion. The debt holders in this case are the current bond holders: everyone from China to the major Wall Street banks. Yes, not exactly our best friends, but the instability of the largest economy in the world not paying it's debt would drive fear into the market in a way we've never seen before.
Crazy idea: Maybe we should stop basing our economy on the stock market, it's a bit of a fox-guarding-the-coop kinda place.
I agree. Really the stock market isn't really the best indicator of how the economy is doing. GDP is obviously one of the main ones, along with unemployment, consumer confidence index, and consumer price index. The stock market is just people buying or selling stock and the stock price going up or down. Sometimes the value of a companies stock is a good indicator of their success but not always.
Well, Trump's plan as cited in the article isn't really negotiating, it's taking out a loan and only paying back a small portion. The debt holders in this case are the current bond holders: everyone from China to the major Wall Street banks. Yes, not exactly our best friends, but the instability of the largest economy in the world not paying it's debt would drive fear into the market in a way we've never seen before.
Crazy idea: Maybe we should stop basing our economy on the stock market, it's a bit of a fox-guarding-the-coop kinda place.
I agree. Really the stock market isn't really the best indicator of how the economy is doing. GDP is obviously one of the main ones, along with unemployment, consumer confidence index, and consumer price index. The stock market is just people buying or selling stock and the stock price going up or down. Sometimes the value of a companies stock is a good indicator of their success but not always.
The difficulty with the stock market is that it's not a casino-- we've merely made it into one. Underneath the card game of paper trading is the actual lifeblood of the economy: the capital to run the country's businesses. The concept of trading isn't necessarily the problem, the problem is that we've changed our own attitudes from one of long term planning to one of short term profit. When Henry Ford started making cars he was looking well into the future, he had five year business plans, and even ten year infrastructure plans for his plants-- now all we hear about is "this quarter's profits". The cliff is right in front of us but with our shortsightedness we can't see it.
Well, Trump's plan as cited in the article isn't really negotiating, it's taking out a loan and only paying back a small portion. The debt holders in this case are the current bond holders: everyone from China to the major Wall Street banks. Yes, not exactly our best friends, but the instability of the largest economy in the world not paying it's debt would drive fear into the market in a way we've never seen before.
Crazy idea: Maybe we should stop basing our economy on the stock market, it's a bit of a fox-guarding-the-coop kinda place.
I agree. Really the stock market isn't really the best indicator of how the economy is doing. GDP is obviously one of the main ones, along with unemployment, consumer confidence index, and consumer price index. The stock market is just people buying or selling stock and the stock price going up or down. Sometimes the value of a companies stock is a good indicator of their success but not always.
The difficulty with the stock market is that it's not a casino-- we've merely made it into one. Underneath the card game of paper trading is the actual lifeblood of the economy: the capital to run the country's businesses. The concept of trading isn't necessarily the problem, the problem is that we've changed our own attitudes from one of long term planning to one of short term profit. When Henry Ford started making cars he was looking well into the future, he had five year business plans, and even ten year infrastructure plans for his plants-- now all we hear about is "this quarter's profits". The cliff is right in front of us but with our shortsightedness we can't see it.
We have two generations now whose retirement is largely invested in the stock market & controlled by dishonest fund managers & investment corporations. We also have those same managers & corporations controlling the market to some degree and placing bets on the outcome. Finally, we have those same people (Corporate or Human) betting & manipulating futures, which were *supposed* to be a way for a corporation that produces something (food, cars, clothing, transportation of goods and humans) to have predictable costs a few years into the future.
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Jacoby
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Trump walked it back but he was essentially saying we should selectively default on certain debts and negotiate a deal in which paying it off is even remotely possible but I actually like that idea. Not everybody needs to be paid, the tragedy as Edentiel is pointing out is that so many retirements and jobs of real people are tied in up in the stock market. The finance sector controls our economy, we've been living on their easy credit for decades and the jig is almost up. They are the next 10 generations of this country into slavery, we should choose to default now and let all these money manipulators go broke instead of delaying inevitable by stealing everyone else's money to keep these rich babies afloat. We literally have no hope whatsoever of paying this debt back as it is now, we really have no choice in the matter in the long run.
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Actually, Trump inherited his riches and business interests from his racist father. Since then, Trump's been running his legacy into the ground.
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Actually, Trump inherited his riches and business interests from his racist father. Since then, Trump's been running his legacy into the ground.
Trump is worth $10 billion and will be POTUS come January 2017, I think his legacy and brand is secure
deal with it
![Wink :wink:](./images/smilies/icon_wink.gif)
Kraichgauer
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Actually, Trump inherited his riches and business interests from his racist father. Since then, Trump's been running his legacy into the ground.
Trump is worth $10 billion and will be POTUS come January 2017, I think his legacy and brand is secure
deal with it
![Wink :wink:](./images/smilies/icon_wink.gif)
Well, we'll see about his worth, when and if he releases his tax info.
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Actually, Trump inherited his riches and business interests from his racist father. Since then, Trump's been running his legacy into the ground.
Trump is worth $10 billion and will be POTUS come January 2017, I think his legacy and brand is secure
deal with it
![Wink :wink:](./images/smilies/icon_wink.gif)
Well, we'll see about his worth, when and if he releases his tax info.
Trump's brand obviously was undervalued, he will be president in part because of it so any valuation by Forbes or whoever that lists the brand as only being worth like $250 mil is ridiculous in light of all that has happened. How one measures one's net worth is up to debate, it does not matter to me either way but Trump has most of his money tied up in real estate assets which valuations of are very subjective and are always fluctuating.
Now those Goldman Sachs transcripts should be able to speak for itself, what is Hillary afraid of? There was an indictment drawn up for Hillary for the Whitewater scandal that has never been released.
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Nor would I want to, as I'm not a ruthless narcissist.
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Kraichgauer
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Actually, Trump inherited his riches and business interests from his racist father. Since then, Trump's been running his legacy into the ground.
Trump is worth $10 billion and will be POTUS come January 2017, I think his legacy and brand is secure
deal with it
![Wink :wink:](./images/smilies/icon_wink.gif)
Well, we'll see about his worth, when and if he releases his tax info.
Trump's brand obviously was undervalued, he will be president in part because of it so any valuation by Forbes or whoever that lists the brand as only being worth like $250 mil is ridiculous in light of all that has happened. How one measures one's net worth is up to debate, it does not matter to me either way but Trump has most of his money tied up in real estate assets which valuations of are very subjective and are always fluctuating.
Now those Goldman Sachs transcripts should be able to speak for itself, what is Hillary afraid of? There was an indictment drawn up for Hillary for the Whitewater scandal that has never been released.
I think if there had been anything incriminating to the Clintons with Whitewater, it would have emerged a long time ago. As for speeches delivered to Goldman Sachs: I agree, there is probably something there. She probably promised them the same thing a Republican candidate would have - that she'll allow business as usual. Nothing illegal, but definitely something a Democrat should be ashamed of saying.
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It's relevant in the fact that it's his calling card for why he should be president. Outside of the money, what other thing can he claim leadership skills with? Being a reality TV show personality?-- not going to cut it. If his valuation is not near what he's claiming that also raises serious credibility issues over his character and trustworthiness-- you know since that's all he talks about, since that's all he's ever accomplished (or not accomplished as the case may be).
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Trump's valuation is subjective since it is tied up in real estate assets not to mention his way undervalued brand, if he had tax problems then we'd know about it and I'm sure the IRS would too, private money and a private issue and there is no benefit to releasing these records.
The Whitewater indictments were made by an independent counsel and were paid for by tax payer dollars, it was a criminal investigation and if Hillary has nothing to hide then she should request the National Archives release the records but of course she is being protected as she always has been.
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