Trump: U.S. can never default because it prints money

[Weird Tolkienish Figure]

Very well could be. I know Milk and Beef are at least that. I get eggs for chicken feed so no way to compare....

http://data.bls.gov/timeseries/APU0000709112?data_tool=XGtable

[kjam22]

Very well could be. I know Milk and Beef are at least that. I get eggs for chicken feed so no way to compare....

The DJIA is almost 50% higher too.   Cars cost almost 50% more too.   Housing is more.   Rental property goes for more etc.   But if you bought some government or corporate bond at 3.5% because you couldn't tolerate risk and wanted to be as safe as possible with your investments..... yeah you just lost a lot of ground since 2008. 

[Bigun]

With respect - he could scour the world. Find the greatest geniuses in every needed field. Hire them.

Wouldn't make a blind bit of difference if he didn't listen to them. And listening, well, it's not one of the things he's very good at. Especially if someone is using the word "No." 

Very well said and so very true my brother! 

[spacejunkie]

That LS guy is seriously mental.

LS is comparing Trump to Alexander Hamilton, LOL.

Par for the course with that guy.  He once said that Donald was greater than Moses and David.

[Mechanicos]

The DJIA is almost 50% higher too.   Cars cost almost 50% more too.   Housing is more.   Rental property goes for more etc.   But if you bought some government or corporate bond at 3.5% because you couldn't tolerate risk and wanted to be as safe as possible with your investments..... yeah you just lost a lot of ground since 2008.

DJIA is really bothersome too...
http://finance.yahoo.com/news/the-fed-caused-93--of-the-entire-stock-market-s-move-since-2008--analysis-194426366.html#

[kjam22]

DJIA is really bothersome too...
http://finance.yahoo.com/news/the-fed-caused-93--of-the-entire-stock-market-s-move-since-2008--analysis-194426366.html#

LOL... yeah... in "95" DJIA was about 3500.   By 2000 it was 11,000.    And, everyone was saying it was troublesome.   Up and down since then and to day we're mid 17k.    Honestly.... I know people who have been in cash since 2002 because of "fear".    They're going to work the rest of their lives too.... they'll never retire.

You can't have EVERTHING in the market (unless you're young)  But you can't loose to inflation over a long period of time either.   

[Luis Gonzalez]

Printing money is a tax.

[BuckeyeTexan]

He still has supporters denying he said he wanted a 'big beautiful door' in his theoretical wall to let the deported invaders back in.

Many think he still intends to build a wall across the entire southern boarder. When, in actuality, he has transitioned to Rick Perry's line of thinking: strategic fencing where it makes sense, substantial increase in boots on the ground, advanced technology to assist Border Patrol agents.

Border Patrol doesn't even want a wall. They want a fence through which they can see advancing threats. (Like your San Diego triple fencing)

[jmyrlefuller]

The DJIA is almost 50% higher too.   Cars cost almost 50% more too.   Housing is more.   Rental property goes for more etc.   But if you bought some government or corporate bond at 3.5% because you couldn't tolerate risk and wanted to be as safe as possible with your investments..... yeah you just lost a lot of ground since 2008. 

Well, yeah, in certain places. If you want to buy land in western New York, you're certainly not experiencing the boom in property values that you are in Williston, North Dakota or Silicon Valley.

The investments that are making lots of money are the ones that have high entry costs and high risks. The typical worker can't just put a few hundred bucks into his retirement fund and put it into housing. He has to put that money into an actual house.

This is another sign of what our economy is becoming—the rise of income inequality, opportunities for the upper class but very little for the working class.

[kjam22]

Well, yeah, in certain places. If you want to buy land in western New York, you're certainly not experiencing the boom in property values that you are in Williston, North Dakota or Silicon Valley.

The investments that are making lots of money are the ones that have high entry costs and high risks. The typical worker can't just put a few hundred bucks into his retirement fund and put it into housing. He has to put that money into an actual house.

This is another sign of what our economy is becoming—the rise of income inequality, opportunities for the upper class but very little for the working class.

I don't disagree.....  I will say that when I was an "average worker"....  I bought rental property, managed it myself, and made all of the repairs through out the years by myself....  and rented it for more than the payment.   I also paid off my 30 year home mortgage in 9 years.    I retired at age 53 and then became a realtor.   But,  there were things we didn't do that some of our friends did.  We spent our money on things we would have, that would appreciate in value.    Sometimes life is about choices.   

My father died in 94.  My mother has lived off capitol gains since then, and I have managed her finances since that time.   I understand a variety of investment strategies..... I've done trust and estate taxes.    But you know.... I'm 57 and I've never been on a cruise :)   I've never been to Europe :)   I've never been to Austrailia  :)    Life is about choices sometimes.

[Bigun]

Printing money is a tax.

Indeed it is and a particularly hurtful tax to those who have worked all their lives, followed the rules, and managed to put a little aside for their retirement years.

[Silver Pines]

That LS guy is seriously mental.

Yes, and he used to be very different.  Larry Schweikart is his name; he's an author and history professor.  He's taken to such ranting online that Jonah Goldberg told him he'd lost all respect for him and to please stop tweeting him.

[Hoodat]

Printing money is a tax.

DING DING DING !!!  WE'VE GOT A WINNER !!!

[Bigun]

The problem with printing money is that you can't also print the wealth to back it up.

[Weird Tolkienish Figure]

The problem with printing money is that you can't also print the wealth to back it up.

 

Money is just pieces of paper but wealth is "things" (for the most part). Money and capitalism exist to make sure the "things" are distributed in an efficient manor.

[EC]

That's where I fall apart on economics. I can cope with wealth=things (and even things including the subset called knowledge and experience) but when it gets dissociated from things, I lose the plot (and interest, TBH!) 

[spacejunkie]

I had his book. Tossed it in the bin.  I remember a few years ago when Palin was in conservative's favor, he hated her guts. He'd go off about her all the time. Now that she backs a big gov lib he likes her.

Yes, and he used to be very different.  Larry Schweikart is his name; he's an author and history professor.  He's taken to such ranting online that Jonah Goldberg told him he'd lost all respect for him and to please stop tweeting him.

[Suppressed]

LS is comparing Trump to Alexander Hamilton, LOL.

Well, he's right in many ways.

Alexander Hamilton was YUGELY Establishment, a big-government authoritarian who nearly wanted to bring back a monarchy.  Very similar to Dishonest Donny.

On the other hand, he understood the debt better, and did a good job restructuring it...not with wild statements like Trump, but with sanity.

LS is also a big-government guy who worships government control.  I haven't read his books; I'm just going by his posts.

[WAC]

Many think he still intends to build a wall across the entire southern boarder. When, in actuality, he has transitioned to Rick Perry's line of thinking: strategic fencing where it makes sense, substantial increase in boots on the ground, advanced technology to assist Border Patrol agents......(/quote]

[Weird Tolkienish Figure]

A moat might be better than a wall at this point.