In an interview Thursday on CNBC, Donald Trump broke with tired clichés about the evils of federal debt accumulation. "I am the king of debt," he said. "I love debt. I love playing with it."
But he replaced fearmongering about debt with an even more alarming notion — a bankruptcy of the United States federal government that would incinerate the world economy.
"I would borrow, knowing that if the economy crashed, you could make a deal," Trump said. "And if the economy was good, it was good. So therefore, you can't lose."
With his statement, Trump not only revealed a dangerous ignorance about the operation of the national monetary system and the global economic order, but also offered a brilliant case study in the profound risks of attempting to apply the logic of a private business enterprise to the task of running the United States of America.
Some people just want to watch the world burn. I'm ok with this. If you remember, the government shut down under Obama. It's going to self destruct because of all the crooked people that operate it, we will finally have DOTR, and we can create a government that's not for the corporation, by the corporation.
Let it burn.
Eli Taylor
Surely some trumplets have something to say about this?
Charles Foster
>This is what Trumplets actually believe Holy fuck you traitors need to hang.
Leo Foster
>Trump is either a savior or an accelerationist
Either option is preferable to the slow decay we are currently subject to.
Jack Thomas
Implying that is more extreme than my own personal opinions
Pro tip: I think worse things before breakfast
Jacob Murphy
Traitor? The well has been poisoned we need to dump out the water, clean the well and let it fill up again
Nolan Lewis
Trump knows what's up.
We need this crisis. We needed it last year. If we don't crash it by the end of this year it will be a disaster.
Charles Ross
You are an uneducated retard and your opinion is irrelevant.
Get an actual degree and read some books on finance then come back here.
Christopher Morgan
Not an argument.
Brandon Roberts
Economist here.
There is nothing wrong with the debt we hold as a country.
Remember how China holds so much of our debt? Yeah, they've been selling it back to us and to other countries in an attempt to keep their currency fixes going and not crash their economy over and over again.
People buy US debt because it's a stable investment, with next to zero risk involved.
Most of our debt comes in the form of bonds that mature little by little, and it's also constantly revolving.
The last time we paid off our debt, it caused a recession that we needed to borrow to get out of. That's why we put Jackson on the 20, as a "This dumbass HATES federally backed currency, let's troll him."
Sebastian Scott
never thought about it that way
Jaxon Nelson
I don't need to present an argument to an art major retard, who doesn't know how the economy works.
Jason Brown
Read the article.
Jordan Collins
How much are you guys making each post? I want to make some money too. :^)
Luis Williams
You don't know jack shit about me or my credentials. If faggots like you had your way, the world economy would be in flames with billions starving. Don't come at me as if you have a single fucking clue what you're talking about if all you have to contribute are personal attacks on someone you don't even know.
Grayson White
Crashing this economy, with no survivors!
Owen Butler
So when America goes bankrupt, who's gonna bail them out?
Julian Parker
I didn't fuck it up, retard. I realize it's broken and putting a band aid, over a band aid, over a band aid, just means it's all going to go horrible for later generations. I'm not a vagina, like you. I axially want to change it. It's so broken, the only way to successfully do so, is burn it down. Revolution is coming brother, and we will be happy to hang you when it happens. I'm fit, well stocked, and ready for DOTR. Your going to sit and home and shit yourself when people like me build a better America on the bones of you faggots.
Kevin Rivera
>Trump will borrow money from gooks and then devalue the currency
Sounds like a good plan. Fuck the gooks.
Adam Wright
>"I would borrow, knowing that if the economy crashed, you could make a deal," Trump said. RIP in peace amerifats
Carter Cox
You're not gonna do jack shit. What's going to happen is that your beloved retard Trump is going to crash and burn in November and Hillary is going to make sure we don't destroy the world economy like Trump wants to. You may be a complete delusional jackass, but the American people know better than to follow this idiot off a cliff.
Christian Williams
>axially
Asher Phillips
Sure she is. I mean we've had presidents run the country before from jail, right?
Gavin Peterson
I know that I made yuuuge shekels since august of HUI and TVIX. Because the stock markets and the investment banking is a huge bubble that's can't be contained by the quantitative easing anymore.
They had to let it crash in 2008, instead they held afloat of helicopter money, but there is only so long you can do it. The economy doesn't exist, it's a hoax and the markets volatility proves the traders and investors have lost the trust in it.
The Fed and the ECB can't announce another quantitative easing because while the oil markets are stagnant it will make the currencies spin into hyperinflation, neither they can raise the interest rates, because the moment they do the bubble will pop. The global financial collapse is being postponed by the use of reserves since September and every bank is bracing for it and introducing emergency measures.
But the longer they keep doing it, the bigger the crash will be. It's all over, faggot, it has been over for a while.
I will make yuuuuge shekels of it and finally buy the Lamborghini I want, you will starve, because you should've gotent a real degree.
Liam Kelly
>Government collapses >total anarchy/civil war >no police around >niggers and non whites continue to murder each other >without the police to control them niggers eventually kill each other off I see no problem here
Andrew Powell
what exactly is a bubble? at what moment does it pop and what happens afterwards?
Jayden Foster
He has my support.
1. Destroy NAFTA to build Wall.
2. Bankrupt the US and hold banks hostage.
3. Destroy international relations and disrupt geopolitics.
Who wouldn't support this?
Ethan Russell
This just makes it even more exciting. Further proof that this man is Bane incarnate.
Brayden Flores
Bubble means overvaluation. The stock markets are overvalued by about 120%, the loan banking by about 300% which means most of the economy is air, held together by printing money.
There are more bubbles than you can count, stock bubble, tech bubble, debt bubble, loan bubble (especially the US student loans), housing bubble in Europe, production bubble in Asia etc etc etc.
Bursting means the economy is being called out on it's bullshit and returns to nominal values, but snowballs way before them at the initial stage.
Alexander Sanchez
one world government when?
Jason Sullivan
And here's what;s been happening for the last year.
The economy didn't make ANY profit, it's been shrinking. See these August and February crashes? They've been only contained by burning reserve money to bail out the markets.
Hudson Richardson
You fuckers shouldn't even be talking. If any country needs a crash, it's canada. We need someone to pop all these housing bubbles and run this country into the ground before we're fully annexed by China
Blake Wright
we're fucked aren't we?
Lincoln Powell
Sorry but America cant afford to be isolationist. We live in a global economy and rely on other nations as other nations rely on us for resources.
Aiden Torres
it's called negotiating you dumb cunts we can destroy the world so they have to give in
Gabriel Adams
Sure. Listen to Trump, he knows his shit. The economy has to be carefully crashed as soon as possible, by "carefully" I mean preparing the banks and the blue chip corporations for emergency measures, bailing out the critical sectors be forehead and breaking up the banking.
When it does crash by it's own, despite any measures it will destroy everything on it's way.
Julian Hall
Thank you for actually using the charts.
i want the economy to hurry up and crash, it needs to. I don't want to invest any of my money in a market that is so flat, with wild volatility like this.
Dominic Ramirez
fuck off faggot. Go back to red.dit where you belong
Nathaniel Gonzalez
Why does trump want to audit the fed? As I understand it their monetary policy has put us into a bubble but what exactly would an audit do?
Gavin Diaz
Into leveraged volatility indexes. You can make money on volatility, I do.
James Ross
I don't know about you but I've made 25% this year so far on gold and oil stocks.
Elijah Turner
If you haven't tucked you tail and ran, yet, I encourage you to read this thread.
Most of the citizens of the world agree with me, and find your position senseless.
Joseph Gomez
attention hillary shills:
how muych do you get paid to post boring and incredibly obvious talking points to an anonymous cartoon porn website? you guys suck, lol. anyone who's been on pol or even Sup Forums in general for longer than 5 minutes can pick you faggots' posts out of a thread.
you need some old blood
I offer my services as an originalfag who has been trolling SA and Sup Forums for 13 years. I have 2 SA accounts with regdates of 2002 and 2004 and the 2002 account posted in moot's original Sup Forums announcement thread in ADTRW back in 2003--in other words, i can prove i'm an originalfag.
anyway, i guarantee that I can be more subtle and effective than any of the reddit scrubs you pay to post. I ask for $3.50 per post. This is a bargain for over 18 years' experience in trolling and shitposting and 13 years on this site alone. hit me up [email protected]
Levi Powell
The Fed already gets audited.
Brody King
t. George Soros
Evan Flores
Everyone suspects they've been secretly printing way more money than announced, giving them to the big banks and manipulating the markets.
Everyone, who saw the end of august crash live, has seen these unnatural spikes worth of hundreds of millions. That shit is one of the reasons many traders are afraid to touch the stocks anymore and and started trading commodities.
Caleb Reyes
>They had to let it crash in 2008, instead they held afloat of helicopter money, but there is only so long you can do it. this is one of the major problems with democracies & terms you only have to do things that help short-term, long-term doesn't mean shit
Mason Mitchell
lol
Asked whether the United States needed to pay its debts in full, or whether he could negotiate a partial repayment, Mr. Trump told the cable network CNBC, “I would borrow, knowing that if the economy crashed, you could make a deal.”
He added, “And if the economy was good, it was good. So, therefore, you can’t lose.”
-----
99% percent of Normies reading that would think the man was an insane retard and rightly so, he will get crushed in November
James Lewis
Are you seriously surprised by this? Trump went bankrupt several times.
that's one of the reasons I don't understand Hillary. They might push it into 2017, but the next president will face literal apocalypse. It would be easier to let Trump win to blame it all on him.
Christopher Garcia
>It would be easier to let Trump win to blame it all on him. I'm personally convinced he's the only person that can completely avert the apocalypse.
Sebastian Reyes
t. Globalist
John Price
You don't know what you're talking about.
Juan Sanchez
So what's the big deal?
Anthony Reed
You are just as bad as a liberal using those one liners like Racist, xenophobia.
We import oil and do not produce enough to meet our current demands. America can not function with out oil. Pleae think and debate rather than insult.
David Bell
>>We import oil and do not produce enough to meet our current demands no we don't you idiot
Cameron Cooper
Heya Leaf! How's things up north! Great to see ya!
Carter Watson
that's precisely his point either they make a deal or the whole world collapses their choice
Daniel King
As far as I understood it he said Hurr Dude lol Muh economic policy is Lets default on the debt and continue printing more money. It will be YUUGE!
If the economy crashed I make deal with jews and China lmao.
Ayden Hall
America can pump Russian oil through Alaska 40% cheaper. It would make sense to break up old alliance and form a trade partnership with Russia.
And that's what Trump wants too.
Gavin Morgan
>>>>vox
Brayden Foster
There is no better way in the current economy. He is 100% right.
Andrew Sullivan
How did you think the national debt was going to be handled senpai? Did you think it was going to be paid back?
The options are make a deal or have a civil war and the new government voids the debt, which would you prefer?
Gabriel Morales
Hmmmmm, kind of a reverse The Mouse That Roared.
I like it!
Nolan Anderson
Direct source, please.
Brody Baker
You fucking idiot most of your creditors are domestic banks
P.S., look up oil shale you idiots. USA has more oil under its soil in the form of shale than the entire rest of the world combined twice over.
Blake Scott
we exported more oil than we imported, dumbass
Kevin Young
What about Russia, which is ready to trade with US on better terms than anyone else?
Nathaniel Perez
I believe I read that there are so many oil reserves currently that they are using tankers for offshore storage instead of transport.
Bentley Long
I was just correcting the idiot thinking we're reliant on foreign oil. The idea that isolationist means zero foreign trade is absolutely retarded to begin with
Jackson Brooks
Personally I think the civil war option is better, but I don't live there.
Liam Campbell
Leveraged? Aren't you afraid of a sudden market rise for a small time which would fuck you over quite badly because holding volatility indexes fir a long period is suicidal?
Actually interested, I only trade options though
Justin Hughes
He never said anything about zero foreign trade. He's for zero foreign outsourcing, not trade.
Austin Young
You can always make a deal.
There's no situation this man can't deal his way out of. He's the motherfucking deal-making master.
Kevin James
this we owe almost $20 trillion USD right now. You cannot imagine $20 trillion USD. We absolutely fucked up in 2008, and we're going to have to pay the price at some point. The further we kick this can the harder it's gonna be.
I was referring to the american poster
Jose Kelly
>America needs to exist as it does to buy the worlds goods >If it crashes, so does everyone else, so they have to bail us out >So there is literally 0 reason not to borrow willy nilly This fucking guy.
Aiden Phillips
“And if the economy was good, it was good. So, therefore, you can’t lose.”
Wtf does this even mean? This is Keynsianism taken to maximum levels of retard. Doe he actually think he can achieve growth 10+ percent growth levels where he safely can borrow even more money and spend even more than the US does currently?
The current interest rate is fucking 0.25% and they pay 250 billion a year on it. If the US returns to an interest rate of 3% before the crisis it will be spending more on interest than it does on the military and healthcare combined and there is only so long the jews can keep propping this up.
Hunter Gray
>implying I'm holding them long
You watch the Asian composites futures. You will know when another shitstorm is coming. Then you buy and sell by the end of the day.
Alexander Morales
Using the collapse of the entire global economy as leverage against others on the planet?
Sounds pretty fucking intelligent to me, you dumb fucks.
Chase Hughes
it is, shills gonna shill
Cooper Howard
The recent Nikkei meltdown made me 27% btw. When you know a major index anywhere in the world is going to open -3% you know you should buy.
Christian Jones
>traitor
No user, the global elites that have driven the bus to the edge of this cliff are the traitors. This country, and this world were never meant to be this way. We are martyrs. We will sacrifice what we must to restore order and justice.
Julian Flores
Im assuming you trade leveraged VIX? Do you ever play the volitility say a day before a US economic report to try to cash in case of a negative economic report or do you find that too risky?
Evan Taylor
This is just too much. I can no longer support Trump, I am now #Cruzmissle
Austin Foster
If it was your country, or germoney, or Greece or whatever, yeah. Since it's America, the same rules don't apply to us. We literally operate under a different set of standards. We are the global tyrant, but we prefer the soft hand. That doesn't mean we don't have the power.
Gabriel Bell
...
Hudson Jones
>Vox
Click bait poop website
Jaxson Johnson
Thats good you fool, thats how you make deals with banks you threaten allowing foreclosure so you get a better refinance.
Dominic Anderson
Direct source, please. It says it was in a television interview.
Connor Morales
>art major >finance major >schoolyard insults >schoolyard justifications
William Johnson
You have to say you are willing to walk away or else you'll be taken advantage of
Jaxson Brooks
If you haven't realized that Trump is a stooge to guarantee the win of the democrats, I am sorry lads