Donald Trump just threatened to cause an unprecedented global financial crisis

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.

vox.com/2016/5/6/11607464/trump-haircut-default-debt

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nytimes.com/2016/05/07/us/politics/donald-trumps-idea-to-cut-national-debt-get-creditors-to-accept-less.html?_r=0
eia.gov/tools/faqs/faq.cfm?id=32&t=6
eia.gov/tools/faqs/faq.cfm?id=727&t=6
twitter.com/SFWRedditVideos

not to worry he's just a Hillary plant

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.

Surely some trumplets have something to say about this?

>This is what Trumplets actually believe
Holy fuck you traitors need to hang.

>Trump is either a savior or an accelerationist

Either option is preferable to the slow decay we are currently subject to.

Implying that is more extreme than my own personal opinions

Pro tip: I think worse things before breakfast

Traitor? The well has been poisoned we need to dump out the water, clean the well and let it fill up again

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.

You are an uneducated retard and your opinion is irrelevant.

Get an actual degree and read some books on finance then come back here.

Not an argument.

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."

never thought about it that way

I don't need to present an argument to an art major retard, who doesn't know how the economy works.

Read the article.

How much are you guys making each post? I want to make some money too. :^)

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.

Crashing this economy, with no survivors!

So when America goes bankrupt, who's gonna bail them out?

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.

>Trump will borrow money from gooks and then devalue the currency

Sounds like a good plan. Fuck the gooks.

>"I would borrow, knowing that if the economy crashed, you could make a deal," Trump said.
RIP in peace amerifats

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.

>axially

Sure she is. I mean we've had presidents run the country before from jail, right?

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.

>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

what exactly is a bubble? at what moment does it pop and what happens afterwards?

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?

This just makes it even more exciting. Further proof that this man is Bane incarnate.

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.

one world government when?

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.

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

we're fucked aren't we?

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.

it's called negotiating you dumb cunts
we can destroy the world so they have to give in

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.

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.

fuck off faggot. Go back to red.dit where you belong

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?

Into leveraged volatility indexes. You can make money on volatility, I do.

I don't know about you but I've made 25% this year so far on gold and oil stocks.

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.

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]

The Fed already gets audited.

t. George Soros

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.

>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

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

Are you seriously surprised by this? Trump went bankrupt several times.

zerocensorship.com/t/uncensored-hillary-clinton/257325-hillary-clinton-pac-spends-1-million-to-combat-users-on-reddit-and-facebook

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.

>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.

t. Globalist

You don't know what you're talking about.

So what's the big deal?

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.

>>We import oil and do not produce enough to meet our current demands
no we don't you idiot

Heya Leaf! How's things up north! Great to see ya!

that's precisely his point
either they make a deal or the whole world collapses
their choice

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.

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.

>>>>vox

There is no better way in the current economy. He is 100% right.

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?

Hmmmmm, kind of a reverse The Mouse That Roared.

I like it!

Direct source, please.

You fucking idiot most of your creditors are domestic banks

nytimes.com/2016/05/07/us/politics/donald-trumps-idea-to-cut-national-debt-get-creditors-to-accept-less.html?_r=0

The longer this shit goes on the worse it will hurt

nytimes.com/2016/05/07/us/politics/donald-trumps-idea-to-cut-national-debt-get-creditors-to-accept-less.html?_r=0

Y'all are so lost, is it even worth it to try to educate you. America can not function with out imported oil.

24% of our oil consumed in 2015 came from foreign countries, about half of which was from Canada.
We exported more oil than we imported.

eia.gov/tools/faqs/faq.cfm?id=32&t=6
eia.gov/tools/faqs/faq.cfm?id=727&t=6

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.

we exported more oil than we imported, dumbass

What about Russia, which is ready to trade with US on better terms than anyone else?

I believe I read that there are so many oil reserves currently that they are using tankers for offshore storage instead of transport.

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

Personally I think the civil war option is better, but I don't live there.

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

He never said anything about zero foreign trade. He's for zero foreign outsourcing, not trade.

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.

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

>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.

“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.

>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.

Using the collapse of the entire global economy as leverage against others on the planet?

Sounds pretty fucking intelligent to me, you dumb fucks.

it is, shills gonna shill

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.

>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.

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?

This is just too much. I can no longer support Trump, I am now #Cruzmissle

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.

...

>Vox

Click bait poop website

Thats good you fool, thats how you make deals with banks you threaten allowing foreclosure so you get a better refinance.

Direct source, please. It says it was in a television interview.

>art major
>finance major
>schoolyard insults
>schoolyard justifications

You have to say you are willing to walk away or else you'll be taken advantage of

If you haven't realized that Trump is a stooge to guarantee the win of the democrats, I am sorry lads

You need to vote in Cruz, holy fuck