ImmortalOne

This is Mediocregeist. The Geists are done. We've been mass banned. Good for the haters I guess.

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ImmortalOne

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@sophia89 said:
@immortalone said:

@sophia89 said:

As for Trump, he is a successful BM, if he was just a con artist then the world wouldn't have giant TRUMP letters all over the place.

The idea that Trump is a businessman and should thus run our country is ridiculous. Trump is a "successful" business man who's filed for bankruptcy four times. He's not a con artist, but you need to separate being a businessman from having full access to the nation's economic plans. Trump started out rich, with big loans from rich parents, and got richer through the real estate business. That has nothing to do with increasing or decreasing spending, managing tariffs, or managing the nation's debt, all of which he has proven that he would be incompetent in.

There is a difference between normal bankruptcies, and Trump's bankruptcies. IIRC Trump used Chapter 11, not chapter 7.

Also lots of people that inherit or win money tend to lose it. Trump succeed in a way very few did.

Chapter 11 bankruptcy just means he bankrupted himself to the point that he needed to pay creditors to step in, bail him out, and reorganize his business to be able to pay his creditors back over time. Not ideal for a businessman, no.

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ImmortalOne

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@sophia89 said:
@willpayton said:
@sophia89 said:

@immortalone: Watch the video of the interview chico. If the dollar start going down because of the debt, then we can bargain for better deals since most countries use the dollar and they don't want it to crash. The dollar crashing would result in a crisis worldwide, no one would want that, so instead of keep high interest rate on our debt we get a better deal.

Basically if you own the only shoe company in your country and the previous manager tacked up insane debt, you would negotiate for a less interest rate and pay your debt, or you would bankrupt resulting in your country having a shoe shortage.

You know just as little about how the economy works as Trump does. Many economists have already said that this it nonsense. Trying to tell people who own our debt that they should "take a haircut" (as economists call it) would be seen worldwide as a very negative sign of our ability to pay what we owe, and our credit in the world would suffer greatly. The U.S. has to pay our debts, that's what our economy relies on. We cant just default as he's suggesting.

The thing is, we can't pay it. It's impossible to pay that much debt. No one alive can do it. It's impossible. All we can do is control our spending, and start putting some dents in it.

Control our spending by... increasing our spending for the military? That doesn't seem to add up...

Control our spending by... building a wall and saying that Mexico will just pay for it because we put some tariffs on them, only hurting ourselves in the process, and forcing MORE Mexicans to come to America because of their crumbling financial status? That doesn't seem to add up...

Control our spending by... deporting 11 million people, with jobs, that contribute to $11 billion in taxes? That doesn't seem to add up...

Control our spending by... just printing out more money, inevitably leading to inflation and harming the entire nation? That doesn't seem to add up...

Control our spending by... letting the economy crash, then dealing with it because he's the "king of debt"? That doesn't seem to add up...

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ImmortalOne

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@sophia89 said:

As for Trump, he is a successful BM, if he was just a con artist then the world wouldn't have giant TRUMP letters all over the place.

The idea that Trump is a businessman and should thus run our country is ridiculous. Trump is a "successful" business man who's filed for bankruptcy four times. He's not a con artist, but you need to separate being a businessman from having full access to the nation's economic plans. Trump started out rich, with big loans from rich parents, and got richer through the real estate business. That has nothing to do with increasing or decreasing spending, managing tariffs, or managing the nation's debt, all of which he has proven that he would be incompetent in.

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ImmortalOne

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@sophia89: For the love of God, stop citing Donald Trump in support for Donald Trump's proposals. He knows nothing about how the economy works, of course he's going to be saying positive things about his own proposals. Just further your ignorance by using this inane circular reasoning, why don't you.

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ImmortalOne

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@sophia89 said:

Will won't answer because there is no solution. As for your question:

http://www.cnn.com/2016/05/09/politics/donald-trump-national-debt-strategy/

Took me five seconds.

Here is what the article says.

"I would borrow, knowing that if the economy crashed, you could make a deal." Such a renegotiation risks creating financial turmoil because U.S. Treasuries are considered the safest assets on the planet and a major benchmark for valuing other securities. Risking their safety through a renegotiation like the kind Trump seemed to propose could cause borrowing rates everywhere to skyrocket and create chaos in global markets.

Donald plans to crash our economy and then make a deal. GREAT idea.

Also, you and the lazily posted link don't answer how printing more money to pay off debt is a good idea. You still haven't answered the question.

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ImmortalOne

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@sophia89 said:

@willpayton: @immortalone:

Hey you guys don't have to worry. If the country is half as good as you think, then Hillary will win in a landslide.

How will printing more money not lead to inflation? How will raising tariffs on China not lead to a massive loss? Where will we get the money to deport 11 million people? Is it reasonable that we can build a giant wall and just expect Mexico to pay for it? How do we reconcile Trump wanting to cut spending but also increase spending on the military?

You dance around these questions with your bullshit, but you don't address them. Are you going to?

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ImmortalOne

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@sophia89 said:
@immortalone said:

@sophia89 said:

Answer how Bernie will pay, then I'll answer you.

Nah. I'm not a Bernie supporter. I respect the man, and I respect his ideals, but I'm not so sure America is ready for the kind of economic plans he proposes (although you can definitely see it happening in the Scandinavian countries).

Way to come off as a coward who can't reason his way out of the fact that Trump's plan is literally contrary to the most basic of economic principles though.

>runs away.

>call the other person a coward.

Logic!

I don't have to answer your question because I'm not supporting Bernie's economic plans, lol. Why would I feel compelled to argue for something that I don't support? I'm sure @willpayton could address them more eloquently than I do though.

You're a coward. Now answer my question on how printing more money to pay off our debts is a reasonable notion.

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ImmortalOne

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@sophia89 said:

So which group did I paint with a single brush, aside from liberals who are a group because they believe in the same ideology. If you don't support those ideologies then you're not a liberal. So how will Bernie pay for his promises?

Just. Astounding.

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#9  Edited By ImmortalOne

@sophia89 said:

Answer how Bernie will pay, then I'll answer you.

Nah. I'm not a Bernie supporter. I respect the man, and I respect his ideals, but I'm not so sure America is ready for the kind of economic plans he proposes (although you can definitely see it happening in the Scandinavian countries).

Way to come off as a coward who can't reason his way out of the fact that Trump's plan is literally contrary to the most basic of economic principles though.

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#10  Edited By ImmortalOne

Yeah. Because you know what matters more than materialistic things? KNAWLEDGE.