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BDFL - Memuneh
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  Reply # 1671414 15-Nov-2016 15:15
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  Reply # 1671417 15-Nov-2016 15:18
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Rikkitic:

 

Can anyone explain to me the economics of Trump's five trillion dollar infrastructure project? How is he going to pay for it? Do they just print more money and make the dollar even more devalued? Do they borrow it from China while blocking imports from that country and slapping tariffs on everything? Where does that money come from when America is already carrying 20 trillion dollars of debt? Or doesn't that  mean anything any more? Is it just numbers and monopoly money?

 

 

 

 

 

 

$20,000,000,000,000

 

Shrug, what's a few more zeros gonna matter when you haven't a hope in hell of ever paying it back?


 
 
 
 


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  Reply # 1671422 15-Nov-2016 15:34
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freitasm:

 

networkn:

 

This is mildly alarming if the worst case scenario plays out. 

 

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11748393

 

 

For someone that promised to side with the middle man instead of the elites, you can be sure this move means all bankers, investment companies, brokers will be laughing all the way to the bank.

 

 

 

 

I don't think anyone can be sure about that right now. It looks like he is setting up for that, I agree, but so many things have turned out differently than everyone thought over the past few weeks. 

 

It's worth noting that EU have very high standards they require when interacting with other financial organizations. Those aren't going away any time soon. In order to continue to transact with the EU, the US will require to continue to meet

 

specific oversights (Sorry I can't reference them right now). As much as Trump may want to remove them, he will not be able to, without risking trade with Europe. Even UK banks.

 

 


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  Reply # 1671499 15-Nov-2016 17:24
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Rikkitic:

 

Can anyone explain to me the economics of Trump's five trillion dollar infrastructure project? How is he going to pay for it? Do they just print more money and make the dollar even more devalued? Do they borrow it from China while blocking imports from that country and slapping tariffs on everything? Where does that money come from when America is already carrying 20 trillion dollars of debt? Or doesn't that  mean anything any more? Is it just numbers and monopoly money? 

 

 

The debt means something if you owe it to another country or person. But when it's just a ledger entry at the Federal Reserve.....well.....no one is going to care if you don't pay it back. 

 

Banking is all about creating money. 

 

They have been engaged in "quantitative easing" for years to re-capitalise the 'too-big-to-fail' zombie banks after the GFC. 

 

They have NO PROBLEM printing trillions of dollars for that purpose. Or for wars. 

 

No.....creating money isn't the problem. They've been doing it without inflation by gradually reducing the spending power of everyone BUT the 1% at the top....

There is no reason they can't spent any amount of money on infrastructure provided they don't spray the money around with a fire hose. They have to have a lot of poor people who can't buy stuff to avoid driving prices up. 

 

That's you and me. 

 

What might make a mess is for the value of oil to fall. With the era of fossil fuels beginning to wane, this is a big threat to the house of cards around the American petro-dollar. Any leader who has tried to undermine the petro-dollar has been dealt with swiftly (Saddam and Ghadaffi) or put behind a wall of banking sanctions imposed under other pretexts (Russia, Iran, Venezuela). 

China gets away with it. China is just too big. 





____________________________________________________
I'm on a high fibre diet. 

 

High fibre diet


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  Reply # 1671503 15-Nov-2016 17:42
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Oh dear. More from NYT about his wife using the 60 minutes program to hawk her products. Get his kids with security clearance and access and you will see a family that will raise and hold into that office for sometime - unless people make sure their will is followed.

 

I am still worried this person is not fit for office. Whatever people defending him say, he does not act honourable or in a way that is proper for the position.





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  Reply # 1671506 15-Nov-2016 18:11
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Thank you for saying that so well. Now if only someone would listen.

 

 





I reject your reality and substitute my own. - Adam Savage
 


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  Reply # 1671556 15-Nov-2016 19:52
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freitasm:

 

Oh dear. More from NYT about his wife using the 60 minutes program to hawk her products. Get his kids with security clearance and access and you will see a family that will raise and hold into that office for sometime - unless people make sure their will is followed.

 

I am still worried this person is not fit for office. Whatever people defending him say, he does not act honourable or in a way that is proper for the position.

 

 

You don't need to worry if he's fit for office.  He isn't.

 

As for his delusional idea that "deregulating" Wall Street is needed, I  can think of one huge beneficiary of that deregulation - King Trump I - who's spent several decades in court defending his empire from regulators and his spare time suing people.

 

Even if he loses the NYC lawsuit accusing him of fraud and racketeering and is eventually impeached, he's set up a nice backup plan to expand his private empire, his "deregulation" kept in place by all the cronies he's appointing.


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  Reply # 1671571 15-Nov-2016 20:09
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freitasm:

 

Oh dear. More from NYT about his wife using the 60 minutes program to hawk her products. Get his kids with security clearance and access and you will see a family that will raise and hold into that office for sometime - unless people make sure their will is followed.

 

I am still worried this person is not fit for office. Whatever people defending him say, he does not act honourable or in a way that is proper for the position.

 

 

I am 6 months older than Donald Trump.

 

For the last 50 years I have been watching his progress, with increasing fear and loathing.

 

He is consistent.  A classic amoral egomaniac.

 

His campaign and his current behavior simply tell us that nothing has changed - we should expect nothing better from the Don.

 

 

 





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  Reply # 1671613 15-Nov-2016 22:53
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His detour from the campaign trail to open a hotel was not a coincidence.

On time and under budget! - folks, you can trust Trump Industries you really can.

I'd be surprised if Trump can't scam a good half percent of the money trusted to his administration for these proposed infrastructure projects directly or indirectly.

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  Reply # 1671620 15-Nov-2016 23:29
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freitasm:

 

Family in politics always reek of nepotism. Not good, regardless of qualifications. 

 

 

That applies to family in most spheres of life e.g. business, not just politics.

 

 






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  Reply # 1671626 15-Nov-2016 23:55
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Yes - it's shaping up much worse than some people think.

 

 "I think that's excellent," former Ku Klux Klan leader David Duke told CNN's KFile. "I think that anyone that helps complete the program and the policies that President-elect Trump has developed during the campaign is a very good thing, obviously. So it's good to see that he's sticking to the issues and the ideas that he proposed as a candidate. Now he's president-elect and he's sticking to it and he's reaffirming those issues."

 

He was talking about fellow white supremacist and Trump's Chief Strategist Steve Bannon.  

 

Guiliani probably as Secretary of State - even The American Conservative journal portrayed him as a Nazi - which is a hell of a feat.  Forget 1990s Guiliani "fixing crime in NY" - he is not the same man now. If he's in, then presumably Palin too.  Curiously enough, as she's such a moron she might be one of Trump's less worrying cronies - she's going to be Secretary of the Interior, apparently.
To dismantle the EPA, it looks like that's going to be headed by Myron Ebell - who's been on the payroll of the oil companies to run campaigns doubting climate science.  Before that lucrative career, he was on the payroll of Tobacco companies campaigning against restricting advertising cigarette smoking to teenagers. 
Wall Street is going to be "deregulated". God save America.

 

So, the megalomaniac, crook, xenophobe, racist, misogynist, isolationist - and dare I say it - fascist leader-elect of the free world assembles his team.

 

 

 

 


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  Reply # 1671633 16-Nov-2016 00:20
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Recent comments from Trump:

"On undocumented immigrants, Trump said on "60 Minutes" that his administration will "get the people that are criminal and have criminal records, gang members, drug dealers, we have a lot of these people, probably 2 million, it could be even 3 million. We are getting them out of our country, or we are going to incarcerate. But we're getting them out of our country; they're here illegally.""

USA has a interesting system of immigration detention centres. Every now and then they pick up an American citizen who cannot prove it immediately and they remain detained without family visits or legal representation for months.

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  Reply # 1671634 16-Nov-2016 00:24
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HRC using the word 'deplorables' to describe half of Trump's supporters might be the one word that motivated a whole lot of people in the rust belt states to get out and vote.

 

Trump's team turned this back on her brilliantly by making a 'Les Miserables' 'Les Deplorables' video which was shown at more than one of his rallies in following days.

 

https://www.youtube.com/watch?v=0jWfKIaVRvM

 

Amazing that such an experienced politician could make such a stupid mistake.      However, as Michael Moore says Hillary was a really bad candidate for so many reasons.


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  Reply # 1671645 16-Nov-2016 02:37
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Coming in 2017:

 

  • The White House will be re-branded The Trump House
  • The lawns will be turned into an exclusive golf course.
  • The building will be turned into a casino.

tongue-out


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  Reply # 1671654 16-Nov-2016 06:11
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I am more looking forwards to finally knowing all the darkest secrets in history. We may even finally know where the aliens are kept.




Swype on iOS is detrimental to accurate typing. Apologies in advance.


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