29d
'We are starting to see foreign central banks moving out of the dollar. We have never run deficits like this before either in peace time or when we didn't have a recession so we depend on foreigners to fund those deficits and if they stop, then interest rates go higher."
I just pulled this off of a Fox Biz interview. Regardless what it means, I am quite sure that K knows squat about it. She knows nothing kiddos. 'Fund those deficits:"??? Y'all will find yourselves very lucky with this mean old man at the helm.
Catch the Train!!!
29d
@AverageJoe1 saidYou do realize, that if finace markets pull out of the Dollar now it has to do with futur expecetatios? The guy runing that lagerge deficit is coming home and traiffs will not quell the deficits, but will hamper trade...
'We are starting to see foreign central banks moving out of the dollar. We have never run deficits like this before either in peace time or when we didn't have a recession so we depend on foreigners to fund those deficits and if they stop, then interest rates go higher."
I just pulled this off of a Fox Biz interview. Regardless what it means, I am quite sure that K ...[text shortened]... ??? Y'all will find yourselves very lucky with this mean old man at the helm.
Catch the Train!!!
29d
@AverageJoe1 saidI assume by 'deficits' you mean the national debt?
'We are starting to see foreign central banks moving out of the dollar. We have never run deficits like this before either in peace time or when we didn't have a recession so we depend on foreigners to fund those deficits and if they stop, then interest rates go higher."
I just pulled this off of a Fox Biz interview. Regardless what it means, I am quite sure that K ...[text shortened]... ??? Y'all will find yourselves very lucky with this mean old man at the helm.
Catch the Train!!!
If so, it is now 'just' 35 trillion but when Trump gets done fuuking with our economy it will be more like FORTY trillion, so what will you think THEN, eh?
29d
@Ponderable saidwe are talking about only 3 countries, representing 40% of world trade. People like myself have faith in tariffs, as we are the likeliest to use them as tools. And, I think we will prevail. That is just my take. Sonhouse,, for example, disagrees. The competition engages!!
You do realize, that if finace markets pull out of the Dollar now it has to do with futur expecetatios? The guy runing that lagerge deficit is coming home and traiffs will not quell the deficits, but will hamper trade...
@sonhouse saidThe magic number of 40 trillion apparently appeared to you in a dream. You woke up before the rest of your dream, where you would have learned that two REALLY talented men, Musk and Vavek, will bust ass to reduce our debt. They will cancel all the liberal (ugh) agencies and programs. This has a resounding effect of forcing losers to work, become self reliant, and contribute to Trump's ever-growing economy!
I assume by 'deficits' you mean the national debt?
If so, it is now 'just' 35 trillion but when Trump gets done fuuking with our economy it will be more like FORTY trillion, so what will you think THEN, eh?
So, it ould be LESS than 35 trillion. Hey, you have me drifting into predictions!!! No one knows!!
29d
@AverageJoe1 said@AJoe1
we are talking about only 3 countries, representing 40% of world trade. People like myself have faith in tariffs, as we are the likeliest to use them as tools. And, I think we will prevail. That is just my take. Sonhouse,, for example, disagrees. The competition engages!!
I don't think you understand with Trumpers tariff everything is going to cost you guys more, I understand 25% more for products you get from Canada. The Realization will hit when and IF he actually puts the tariff's on. How long before your economy is in big trouble?
-VR
Anyway, this post is not to discuss deficits, ets , but rather to highlight the inadequacy of one Kamala Harris to sit in meetings when finance and what-have-you are discussed.
One of the cabinet members might say China will eat our Lunch, she may respond, " What in the World!!?!?", or maybe" Oh, let's break for lunch now that you mention it".
Hahaha, I know, old silly AvJoe. But get my drift......China WOULD eat our lunch if she were the only barrier between us and hell.
29d
@Very-Rusty saidIt would be resolved before we got into big touble. Is it a tool, is it a bluff, is he really serious???? These are questions Sonhouse wants us to answer, for gd sakes, as if we know the president's strategy. If he tell. us , it won't work!!!
@AJoe1
I don't think you understand with Trumpers tariff everything is going to cost you guys more, I understand 25% more for products you get from Canada. The Realization will hit when and IF he actually puts the tariff's on. How long before your economy is in big trouble?
-VR
But yes, Rusty is correct that the goods from that country would cost more to the US citizen.
29d
@AverageJoe1 saidTrump blows a lot of hot air to keep himself in the new and being talked about but doesn't do a hell of a lot. Wonder if makes it through the 4 years? That is a serious question. If he does what he says he is going to run the economy into the ground fast.
It would be resolved before we got into big touble. Is it a tool, is it a bluff, is he really serious???? These are questions Sonhouse wants us to answer, for gd sakes, as if we know the president's strategy. If he tell. us , it won't work!!!
But yes, Rusty is correct that the goods from that country would cost more to the US citizen.
-VR
29d
@AverageJoe1 saidReduce the debt, but do you care HOW they would do that? And BTW, Musk has the level of a lobbyist NOT direct power to change things and it is not TRUMP who Ok's his recommends it is congress and they may go 'you are totally fuuked if you think we are going to cancel medicare to cut the ND' or some such, so whatever Musk says is NOT immediately done.
The magic number of 40 trillion apparently appeared to you in a dream. You woke up before the rest of your dream, where you would have learned that two REALLY talented men, Musk and Vavek, will bust ass to reduce our debt. They will cancel all the liberal (ugh) agencies and programs. This has a resounding effect of forcing losers to work, become self reliant, and cont ...[text shortened]... it ould be LESS than 35 trillion. Hey, you have me drifting into predictions!!! No one knows!!
@Very-Rusty saidVR just said Trump does not do a lot. If you don't believe me, search VR and it is there.
Trump blows a lot of hot air to keep himself in the new and being talked about but doesn't do a hell of a lot. Wonder if makes it through the 4 years? That is a serious question. If he does what he says he is going to run the economy into the ground fast.
-VR
A difficult post to absorb, given that VR et all consider 'doing a lot' is spending our tax money. Did you hear that they want us to pay off loans of college students???
THAT, my friends, is 'doing a lot' for liberals.
Bring it , turkey. 🦃
29d
@sonhouse saidBut you suggest here that they need Congress approval? Biden did not get Congress approval to pay off student loans, Sonhouse. You may be the most confused poster here. You always have conflicting statements going on, which is one of the reasons I have commented that your posts are difficult.
Reduce the debt, but do you care HOW they would do that? And BTW, Musk has the level of a lobbyist NOT direct power to change things and it is not TRUMP who Ok's his recommends it is congress and they may go 'you are totally fuuked if you think we are going to cancel medicare to cut the ND' or some such, so whatever Musk says is NOT immediately done.
29d
@AverageJoe1 saidIt looks like YOU are confused. It is CONGRESS who has the money strings. You better check your civics courses.
But you suggest here that they need Congress approval? Biden did not get Congress approval to pay off student loans, Sonhouse. You may be the most confused poster here. You always have conflicting statements going on, which is one of the reasons I have commented that your posts are difficult.
"The legislative branch
The legislative branch is made up of the House and Senate, known collectively as the Congress. Among other powers, the legislative branch makes all laws, declares war, regulates interstate and foreign commerce and controls taxing and spending policies."
Musk would be nothing more than a lobbyist in that regard.
He CANNOT just say FUUK SS, cut that crap out of the budget and congress just plays dead and follows through with that 'suggestion'.
29d
@AverageJoe1 saidKDS
'We are starting to see foreign central banks moving out of the dollar. We have never run deficits like this before either in peace time or when we didn't have a recession so we depend on foreigners to fund those deficits and if they stop, then interest rates go higher."
I just pulled this off of a Fox Biz interview. Regardless what it means, I am quite sure that K ...[text shortened]... ??? Y'all will find yourselves very lucky with this mean old man at the helm.
Catch the Train!!!
29d
@AverageJoe1 saidAre you insane? I think that you think this is a good idea??
The magic number of 40 trillion apparently appeared to you in a dream. You woke up before the rest of your dream, where you would have learned that two REALLY talented men, Musk and Vavek, will bust ass to reduce our debt. They will cancel all the liberal (ugh) agencies and programs. This has a resounding effect of forcing losers to work, become self reliant, and cont ...[text shortened]... it ould be LESS than 35 trillion. Hey, you have me drifting into predictions!!! No one knows!!