link: http://ift.tt/1T2mb1x
Hot And Trending...
Trending
- Is there a term for the opposite of unemployment rate?
- New Tax-Free Gold & Silver Buying Guide & $10K Reporting Myth @SchiffGold https://t.co/4zRcwito0Q
- People who were buying stocks in 2006 had no idea of the magnitude of the financial crisis that would hit the market in 2008. http://bit.ly/2mxJskU
- @Awyee707 They have it backwards. Growing economies increase production, which kips a lid on prices, or causes them to fall. Weak economies result in less production and higher prices.
- India governor Y.V. Reddy says "It seems highly inappropriate to discourage gold imports, which meet women’s needs" http://bit.ly/2tX0E9h
- #Trump should stop tweeting about how high the stock market is, how great the economy is doing, & taking credit for both. It will backfire!
- @realDonaldTrump The stock market is a bubble, & the phony economic numbers are weaker now than under Obama. Trump… http://bit.ly/2ud3baw
- I think people are overestimating the benefit of the economy to the tax cuts, and they’re ignoring the drag on the economy of rising interest rates. http://bit.ly/2mxJskU
- Are Austrians disproportionately successful on the stock market?
- "Income Inequality" - What Austrians Understand & Liberals Ignore
Monday, May 9, 2016
What the hell is Trump on?
He just recently threatened to default on the debt so we can pay it back at a discount. Now he says we can't default because we print our own money. Which is it and what the hell is he thinking? This opens a shitload of stupid questions. Like why would we borrow money in the first place? Why would we pay creditors back in the first place? Not our problem if they trusted us with their money. If a weak dollar creates more jobs, shouldn't we go full Wiemar? His scheme makes less sense than minting trillion dollar coins to pay off the debt or scattering a trillion dollars in the ocean to create jobs. This is a good opportunity to win over some "leftists" as you guys like to call them. The guy is an Keynesian nightmare. If your going to have a fiat currency, it has to be built on trust and credibility. Trump essentially wants to break that trust. I know how bad inflation is due to overprinting the dollar, but annihilating trust in the dollar would bring us into the Wiemar Republic.