Does it scare Americans that Trump is in second place?

**Kirkland Laing** · 07-07-2015 12:21 AM

Originally Posted by walrus

Damn, in one week the Greeks took 4 billion out of banks. If they get the banks open tomorrow with the ELA what will happen. It's the Greek people suffering. Will Merkel just do a bail out. Crazy stuff. Shit, it's not like it couldn't happen in the US. I always tell my wife we should get a safe and put a decent amount of cash in that bad boy.

It couldn't happen in the US.

**Kirkland Laing** · 07-07-2015 12:32 AM

God bless Donald Trump for entering the race. Here's what he had to say a while ago:

Trump offered an alternative plan for the international trade negotiations under way. He said Ford and other companies looking to move manufacturing to Mexico or overseas should face a 35 percent tax when they ship the goods back to the U.S.
That would bring the plants back home, he argued. “That’s what’s going to happen, and there are hundreds, thousands of those deals,” he said. “I will make this country so rich – if I run on the 16th – just you watch.”

In Raleigh, Donald Trump all but announces presidential bid | News & Observer News & Observer

I'd love to see him hammer all the other candidates about why they're all so determined to ship American jobs abroad. Jobs and the state of the economy are the number one concern of all Americans and this would bring a subject no other candidate on either side wants to talk about to public attention. The media would be forced to cover it. It would be a truly populist issue that all candidates from both parties would then be forced to talk about and take a position on.

But unfortunately the GOP and the media will probably be able to bury the truly important stuff Trump is talking about with coverage of all the other Mexican-related stuff he's talking about. And whatever comes out of his mouth next. No message discipline unfortunately. If he just stuck to hammering the jobs issue he'd be the front runner and everybody would be forced to respond to him. It's the economy, stupid.

**walrus** · 07-07-2015 12:32 AM

Originally Posted by Kirkland Laing

Originally Posted by walrus

Damn, in one week the Greeks took 4 billion out of banks. If they get the banks open tomorrow with the ELA what will happen. It's the Greek people suffering. Will Merkel just do a bail out. Crazy stuff. Shit, it's not like it couldn't happen in the US. I always tell my wife we should get a safe and put a decent amount of cash in that bad boy.

It couldn't happen in the US.

I hear what our are saying, can't really compare the two however I do worry about a cyber attack or one of those attacks that knocks out the grid making it very difficult to have funds on hand. I keep almost no cash in the house. Now Kirk, are the Euro banks backed in any manner similar to our banks here in the US

**Kirkland Laing** · 07-07-2015 12:48 AM

Originally Posted by walrus

Originally Posted by Kirkland Laing

Originally Posted by walrus

Damn, in one week the Greeks took 4 billion out of banks. If they get the banks open tomorrow with the ELA what will happen. It's the Greek people suffering. Will Merkel just do a bail out. Crazy stuff. Shit, it's not like it couldn't happen in the US. I always tell my wife we should get a safe and put a decent amount of cash in that bad boy.

It couldn't happen in the US.

I hear what our are saying, can't really compare the two however I do worry about a cyber attack or one of those attacks that knocks out the grid making it very difficult to have funds on hand. I keep almost no cash in the house. Now Kirk, are the Euro banks backed in any manner similar to our banks here in the US

They have a cenrtal bank like the Fed. But they don't have a banking union or a fiscal union, all the national governments set their own budgets. The US can get round this because they have a national tax system whereby the rich states bail out the poor states via tax payments for unemployment, state aid, social security payments and so on.

For instance Florida had a huge property bubble and its GDP dropped by about eight points/eight point budget deficit overnight in 2008. They were bailed out by the federal government so they didn't suffer what greece has.

By contrast Greece only initially had a seven ooint GDP fall/budget deficit. The subsequent twenty percent drop came from austerity. If they'd been bailed out by European taxpayers they'd be relatively fine now.