Summarize those views.
Because one would like to hear the truth not the lies peddled by the Govt. and the central bank.
I will if I find the time.
Well, I would say right off the bat that you are assuming facts not in evidence: a) that Schiff is telling ‘the truth’, whatever that is, and b) the ‘Govt.’ is not.
While waiting for you to make some minimal effort to explain yourself, I went ahead and looked up the Wiki page on Mr. Schiff. According to the information there, Mr. Schiff has, for more than 15 years, been predicting a collapse of the US dollar followed by hyperinflation; he has likewise been for several years predicting a massive increase in gold prices that has also not come to pass. Also, as someone mentioned, he seems to believe in a flat tax, something I know a little about and have to reject as utterly wrongheaded, as do, apparently, most real economists.
So, maybe that will help you when you finally get round to making an argument of some kind: given that so far Mr. Schiff seems to be generally wrong regarding his financial prognostications, what, specifically do you believe he is telling ‘the truth’ about?
People (americans, non-americans, govts. around the world) have believed in the lies of economic recovery and economic strength till now. Public Debt is growing at 10 times faster rate than the GDP and is over 100% of GDP now. People will slowly realise the situation that the ‘economy’ is nothing but a debt bubble.
I think it’s more that women who marry complete pieces of shit that just happen to be ridiculously rich are sluts.
According to the chart at the top of this Wioki page, US public debt currently is around 80% of GDP. I don’t know what the current debt vs. GDP growth rate is, but ‘ten times’ seems incorrect. Cite for your claims?
Also, since the actual topic is Mr. Trump’s General Election campaign, what does Mr. Trump propose to do about this, and why do you think it will work?
It’ll be great! So great, you won’t believe it. I don’t, and it hasn’t even happened yet!
Donald Trump’s Idea to Cut National Debt: Get Creditors to Accept Less
Well, I know I’ll [del]sleep well at[/del] be awake all night.
In an interview the other day, Trump suggestedthat the U.S. debt could be negotiated down, which I am pretty sure would destroy the world economy. I don’t even know what to do with that. Who does he think owns most U.S. debt? Because it’s mostly voters and the retirement funds of voters. Provided voters can be made to understand that, it seems like a poor strategy.
Not to mention the whole destroying our credit rating and interest rates for everything skyrocketing and monetary policy collapsing and . . . . I mean, Jesus, just the idea that he might get elected with that sort of plan is potentially dangerous all by itself–markets react to what might happen. I am less sanguine that voters can be made to understand all that.
76% is held by public , rest is intragovernmental holdings (primarily composed of the Medicare Trust Fund, the Social Security Trust Fund, and Federal Financing Bank securities.)
From you link:
I am wrong about 10 times. It is ~4.9 times from 2007 till today:
2007 GDP = 14.5 trillion, 2015 GDP=17.9 tn, Growth = 23%
2007 Public Debt = 9 trillion, Present Debt = 19.1 trillion, Growth = 112%
23 multiplied by 4.86 = 112. So public debt has grown at 4.86 times faster rate than GDP. However, if they stop growing debt to GDP ratio, economy will fall into recession meaning that GDP will go down. Its a bubble
I have talked many times about how Trump represents hope for a disruptive change. Devaluation of dollar etc. Look up my earlier posts.
I’m not watching your video and I’m not looking up your previous posts. I think I’ve seen enough.
Calculating CAGR (compounded annual rate of growth):
Debt grew at 9.86% CAGR for 8 yrs from 2007 to 2015.
GDP grew at 2.66% CAGR for 8 yrs from 2007 to 2015.
And there’s the fact that such a plan is illegal. Unconstitutional even.
Well that much is true.
Another article about this. Points out that this date is actually a compromise: Plaintiffs wanted the trial earlier, soon after the convention. Trump’s lawyers argued for a later date, around next February. The lawsuits in New York are separate, and those haven’t been scheduled yet. They might happen sooner.
The last week has confirmed for me at least that no Trump is not a strategic genius who brilliantly executed one type of campaign to win the primary and will now pivot successfully to another type of campaign to win the general. Not that I ever believed this.
Between the childish and unnecessary spats with Ryan, Graham and others, the jaw-dropping suggestion about re-negotiating the federal debt, the cringeworthy taco tweet it’s pretty clear that Trump remains the out-of-control buffoon that he has always been. His brand of buffoonery struck an unexpectedly strong chord with the nativist wing of the Republican primary electorate but this wasn’t some deeply thought out strategy and Trump doesn’t have a clue about how to adjust for the general.
You gotta love Trump’s balls.
http://www.cnn.com/2016/05/06/politics/donald-trump-endorsements-paul-ryan-meeting/index.html
So, in other words, if he had known he was going to run for President, he wouldn’t have shown himself to be such a sexist asshole.
Cherry pick much? 2007, eh? I wonder if any major economic events occurred in 2008 … ?
But wait, there’s more…
http://www.cnn.com/2016/05/06/politics/vicente-fox-donald-trump-tie-tweet/index.html
[QUOTE=Vicente Fox]
“Hey @realDonaldTrump, bringing jobs back to US - does that include your ties & shirts? #MadeInChina.”
[/QUOTE]
Give the guy a break. He’s trying to bring the Trump line back to the States.
He had nothing to do with it. He was forced. Forced I tell you.