Raise the minimum wage

>raise the minimum wage
>now this

Holy shit. He just lost any chance of getting my vote.

Other urls found in this thread:

m.youtube.com/watch?v=q6vi528gseA&feature=youtu.be
youtube.com/watch?v=KIaXVntqlUE
youtube.com/watch?v=toW2oEhNZmk
youtube.com/watch?v=v14iP_qnlgU
youtube.com/watch?v=yHEjobYP6mg
youtube.com/watch?v=Xmm23vJeu0A
correctrecord.org/barrier-breakers-2016-a-project-of-correct-the-record/
youtube.com/watch?v=4rj7B0fU1jw
youtube.com/watch?v=xTANFw5f664
cnn.com/2016/05/09/politics/donald-trump-national-debt-strategy/
twitter.com/NSFWRedditVideo

I mean, is he fucking wrong?

Confirming that he is a Hillary plant once and for all

Yes. That's basic economics. Money has no value because we don't have a gold standard nor is it backed by anything. It's just paper which the government says is worth something.
Printing more causes inflation which causes prices to go up.
It also adds more debt

>never hearing of the economic A-bomb

I mean, are you fucking stupid?

Congratulations Sup Forums this is the idiot to chose.

No.

The dollar is the reserve currency.

Why do you think China wants to fuck that up.

Why do you think Don has a problem with China

kek
One of the last bastions of common sense turns into a pro-tranny, pro-printing money, pro-jew platform thanks to Trump.

Hello Robert Mugabe!

Nevermind that the US has already done this before, right? How do you think the massive consumer and student loan debt bubbles in the US are going to be dealt with? You should know what inflation is good for if you understand "basic economics".

...

...

what's the source? he's done with the rallies isn't he?

He's right though. The USA could literally tell the International Jew- errr Bankers to take a cut. Trump would easily sell it as "those big bankers are trying to rob American citizens!" (fun thing is he's right)

Trump will alter the deal and they had better pray he won't alter it further.

Brave man, he'll be assassinated though.

He's going to Make America Great Again by printing so much money everyone is going to be billionares, maybe trillionares! what a flawless plan.

Hillary told me to tell you that she'll deposit the $0.02 later today.

Inflation is bad for you, the consumer.
We need a gold standard and we need to slash spending, not increase it unless you want a worthless paper currency to wipe you ass with.

those aren't mutually exclusive concepts. nice meme though.

read his argument for it. He uses it as basis for arguing that because you can print money, you can use that leverage to negotiate down the debt.

He says if you print money to pay off the debt, then those who own the debt end up receiving less value because of inflation. Something the U.S has done before. So if we're facing default we can go to those we owe debt and say "hey we need you to accept less or else we'll just have to print extra which means what we pay back would be worth even less than what we're trying to negotiate down to"

FLUFF
THAT
MUSLIM

No. Keynesians have been saying this for years

10 ft taller

Yes, he will just stop the inflation with his yuge hands!

post your ten foreign policy blunders picture!

>This is what Ameritards actually believe

m.youtube.com/watch?v=q6vi528gseA&feature=youtu.be

Trump is 100% correct no country that prints it's own currency can go broke.

youtube.com/watch?v=KIaXVntqlUE

youtube.com/watch?v=toW2oEhNZmk

youtube.com/watch?v=v14iP_qnlgU

youtube.com/watch?v=yHEjobYP6mg

youtube.com/watch?v=Xmm23vJeu0A

Yes, they are.

>We need a gold standard.

Great its not happening

your all falling for it again

>1. outlandish claim or statement
>2.media/hillary pounce on suspected easy target
>3.clarification that reveals a certain truth about opposing candidate and corrupt system of government
>4.???
>5.Presidency

i cant even count how many times he's done this through his whole campaign and succeeded

We did print $13 trillion after 2008

only it was to bailout wall street not the real economy.

>cnn
>taking speeches outta context
He literally just talk about this with that CNN dude today how they take part of what he says and plaster it all over the news fuck.

Thanks for the thread, OP.

Good to see that you're doing your part to Correct The Record, and to help Hillary Break Barriers on social media.

Every thread, even really low quality shitposts like yours can help make a difference.

>Correct The Record will invest more than $1 million into Barrier Breakers 2016 activities, including the more than tripling of its digital operation to engage in online messaging both for Secretary Clinton and to push back against attackers on social media platforms...

>correctrecord.org/barrier-breakers-2016-a-project-of-correct-the-record/

Money has value which is based on individuals' willingness to exchange it for what they produced.

The government does not control directly control the value of money nor the quantity of money. In fact, the Fed does not control it either, to be perfectly accurate. The largest determinants of money in the US are private banks willingness to lend and money demand by firms and households.

"Printing money", which means expanding the monetary base, does not necessarily cause inflation. If the monetary transmission system is broken, the FED can try to expand the monetary base all it wants that nothing will happen.

He's right though. That's the truth.

I don't believe he said this, in the context it is being portrayed here. Surely not.

Even a 14 year old will tell you that is not a feasible idea, and Trump is a smart guy.

Raising minimum wage to compensate with inflation isn't an outrageous idea and could work, but printing money is a different kettle of fish altogether.

No one who is a successful as he is would say "printing money solves financial problems". He is smarter than that.

It doesn't matter though. Trump will go on every news show and clarify what he is saying. Trump says something the media takes out of context Trump clarifies the media look like assholes. This is the cycle all election long

youtube.com/watch?v=4rj7B0fU1jw
this one?

nah you can support the middle class through effective legislation while accepting campaign donations from wealthy people.

ok, but we'll pay for it based on 2015 prices. I'm sure we'll be able to spare the cost a sandwich.

>The government does not control directly control the value of money nor the quantity of money

It controls both of those things since you need money to pay taxes, etc all money is is credit issued by the government, and the government can control the value of money by limiting it's supply (through taxation, printing ,etc)

>SOON

Newflash for you both: you do have a gold standard. Except it's called the petro-dollar.

That's right, the reason the dollar is the world's reserve currency is because it's the currency you buy oil in.

"But what if a country doesn't want to sell its oil for dollars?" you ask? Good question.
Answer: they get a good injection of Liberty & Democracy™. Or do you think they removed Saddam and Qadafhi because they were tyrants, while happily being allied with Saudi Arabia and the rest of the Gulf Scum?

Except it does work

youtube.com/watch?v=KIaXVntqlUE

The Gold standard creates seasonal hikes in interest rates and renders it impossible to smooth recessions.

The difference between what's happening in the EU and in the US shows clearly how having a non-flexible monetary base can screw you.

Why, do you think he is he wrong?
When a country prints its own currency, markets don't typically worry about them running out of money, and thus are willing to lend freely. That allows nations like the U.S. to issue new debt in order to cover their old obligations.

If it weren't for your self-imposed debt ceiling, default would rarely, if ever, be something people seriously discussed.

I think I got it this time

youtube.com/watch?v=xTANFw5f664

The gold standard is a bad system because it limits the money supply

inflation is good because it spurs investment and demand.

He is positioning himself to negotiate a lower payment

Debt restructuring

>hey China you can accept 60% of your 2 trillion back or get zero, your choice

fucking retard, burgerland obviously needs a min-wage increase but not to fucking $15 just like that.

What's min wage there again, $6.50/h?

that's literally 3rd world level

>there is not one reason to vote for him as a libertarian
>all libertarians support him
retards

you get to be a billionare, and you get to be a billionare, everybody gets to be a billionare.

Actually inflation decreases debt.

Trump is actually related to Hitler with 7 steps. Which makes him actually white.

Why would someone vote for a non-white. Obviously aryans are better administrators and have higher IQ (Better leaders).

Remember to vote logically, vote for people who have a proven successrate. Don't vote for the corrupt and the too old (Thumb rule).

Sup Forums's full of big copra "eat the poor" kikes
they actually be voting for hillary
this really is the dumbest fucking board

Not going to read the article because fuck you but the headline makes it sound like he's saying "we're the ones who print the money" rather than "we're going to print more money".

No

It's modern monetary theory


It's how things work

>there is not one reason to vote for him as a libertarian

Where's that libertarian Latin American country again?

>Trump is a Hillary plant don't vote for him
>vote for Hillary

look, it's the "he's successful so he can't be dumb" meme.

Inflation dispossess everyone who can't get the money first for old conditions.

lol if the minimum wage goes up some parts of the higher wages go down a little and you know how capitalism works rich people want to get richer and stay rich and others are just chasing the rich people and are getting poorer or staying the same.

The government does not print money. You can't even say that the Fed does it, if you want to be precise, because what the Fed "prints" is not the money a typical consumer or firm uses.

Unless your government is paying a shitload of interest on foreign debt, buying a lot of foreign goods or having huge surpluses, the argument about taxes is meaningless, as they revert back to the economy.

$7.25.
Minimum wage shouldn't exist in the first place though. That in plenty to live on. Just not raise a family of four on. Don't get a bitch pregnant 4 times while you're still flipping burgers and all is well. It's called living within your means.

Uh HELLO?

We already print money to service our debts you fucking dumb little fag. It's obvious the only reason he's bringing this up is to inform/educate the voters that this already happens.

You mean you didn't realize Yellen was ready to print another $4 trillion as soon as the economy crashes again?

Says nervous mexican 50th time this year.

surely the trump is stumped I'm now a cruz missil etc

this is getting really tiresome actually

Wow, Trump said something stupid!

Looks like I better vote for the literal felon.

inflation doesn't dispossess anyone

It increases demand in the economy and spurs production.

>The government does not print money

Of course the government "prints" money although most of it is just numbers being put on a computer screen.

you just said its NOT backed by anything so why should printing money cause inflation? ONLY if something is backed by anything then it would lose value by printing more vouchers for the same backed value, get it? thats why they can print as much money as they want as long they dont overdo it, meaning financial markets losing trust in the US economy (which is the actual thing backing the money, trust in the US economy, which is backed again by US military power i suppose)

>what s le petordollar

Actually printing money to pay debt is not as crazy as it sounds, if you do it right in times of recession it would help the economy in the short term, the thing is you need to implement other long term policies for when the economy is recovering.

Trump didn't say this.

We're already shipping Chapo over there, things will be taken care of.

>financial markets losing trust in the US economy

Financieal markets trust the US becuase htey know the US can always print money to pay the debt

The EU is fucked specifically because they are retards obsessed with austerity and ruining their economies.

He didn't say it in the context OP implies at all. If you watch the interview, it's clear he's correcting the media (fucking finally someone is doing this) on their scare tactics: "Donald Trump wants to default on our debt!!" and he simply corrects them: "well you never really actually default, you just print the money" WHICH IS WHAT WE'VE ALREADY FUCKING DONE TO THE TUNE OF $4 TRILLION.

He's forcing the media to get off their stupid fucking scare tactic talking points. It's another one of his classic double-binds. They can't argue with him about it, because then they'd be wrong. They can't keep saying he'd default on the debt either.

In one stroke, he shut them down, and opened a new conversation about how we deal with our debt.

>mfw this is lifted Mencius Moldbug's plan to restore the monarchy

I'm getting all tingly. Someone in Trump's campaign is a full blown reactionary.

This whole thread:
>I know more about money than a multi-billionaire international businessman

But but muh gold standard

But but audit muh fed

>Print infinite money
>Replay all debts and buy the entire planet's natural resources
>If any country has a problem with it we invade them with the mightiest army Earth has ever known
Where's the flaw in my plan?

>mfw this is tried & tested and is an actual thing
>Social media """""journalists""""" point and laugh at things they don't understand just because Trump said it

useful idiots in action

How is he going to get over our wall?

Shit. Elections take too long.

he's not seeking $15, just higher. And he would leave it up to the states

Nope he is right, bullshit media, he never said that was a good idea, he was just pointing out the idea of actual default is asinine for that reason

he wont break out of an american prison unlike your hellhole.

That's literally his specialty.

Why the fuck does he even care?

America is never going to find itself in a situation where it has such debt it would need to default or etc. (Not unless the whole world has gone tits up).

The conspiracy nut in me says he's going to walk up to Greece with this idea though. That would be fun to watch.

We're calling the shots on this planet!

The Fed is not part of the government. It is a semi-private, semi-public institution.

The Fed increases the monetary base as it pleases, which you can consider "printing money". However, this additional money is just bank reserve that are used to provide liquidity to banks. The extra liquidity is necessary so that people and firms can withdraw their deposits without issues. Bank reserves are meaningless in setting how much private banks will lend and it is this lending that creates what we call money.

You goys never heard of MMT? Trump is basically correct on this.

I doubt Trump understands MMT but he's somehow stumbled upon the truth.

>50,108

>can't even get Sean Penn

you dont want a gold standard because that would destroy US economy instantly, US economy only exists because of military power, petro dollar and economic market dependecies, gold standard would make US a third world country in few years

>SHILLS BE GONE
SHILLS BE GONE
>SHILLS BE GONE

__link__
cnn.com/2016/05/09/politics/donald-trump-national-debt-strategy/

"People said I want to go and buy debt and default on debt, and I mean, these people are crazy. This is the United States government," Trump told CNN's Chris Cuomo on "New Day." "First of all, you never have to default because you print the money, I hate to tell you, OK?"

>clarification of fact, not a statement of intent.

>U.S. constitution prohibits a federal default
>we have the ability to print fiat money
Therefore, we will never legally default. Explaining how something works does NOT mean that he supports it.


tl;dr MISQUOTE SHILL THREAD, Trump is not trying to print more dollars to kill debt. Try harder Hillary.

He's right. As the sole, sovereign issuer of a fiat, floating-rate, non-convertible currency, the U.S. Federal government can issue as many Dollars as it wants, at any time, and pay them to anybody, for any reason.

Anybody who uses the following phrases
>running out of money
>going bankrupt
>going to default
>where's the money going to come from
>where are we going to get the money
>broke
>people will stop lending
>have to tax or borrow to "fund" spending
in the context of the U.S. Federal government is automatically discredited and has no clue how fiscal policy or operations work.

The FED board of governors is appointed by the Senate and the president

Piss-poor videos. Please stop posting.

c'mon! post the ten foreign policy blunders of hillary picture!

>devaluation of currency (inflation) creates wealth they said!
>printing money makes you rich they said!

You can't really compare the U.S. and Greece.