Market breaks 20,000

[Kirkland Laing]

Trump is basically Reagan when it comes to finance. Low taxes, high government spending, ramp up the debt. The difference is Reagan came in with high interest rates and quite a small amount of debt, Trump on the other hand has inherited awful debt levels and a system still reeling with low interest rates. He seems to be damned if he does and damned if he doesn't.

Damned if he does what?

[Gandalf]

Jim Rikards gives a good outline of why it will go wrong whether Trump likes it or not. Basicaly America is in trouble because people don't want US debt, the petrodollar has been declining significantly and the Federal Reserve is now a failed institution tapped out at a ratio of 77:1. You mifht disagree because you are a cunt but many think something bad will come regardless of what Trump tries to do. The Empire seems to be in decline.

[pacfan]

Can anyone provide an outline of Trumps economic policy? I'm kinda lazy sifting through google today.

Sure, make America great again

Okay, I'll take your word for it but it better be true. But I hope Kirkland won't spoil it with his truckloads of charts saying otherwise.

There aren't truckloads of charts. Make America Great Again is it. We're waiting to hear what his policies are going to be. So far he's given us about 15 000 versions of what he's going to do. He's got a couple of Goldman Sachs guys who have explained to him that a lot of what he thought he could do isn't possible and they're now working out what is possible.

The main guy setting the policy is a total cunt. He was responsible for some of the worst aspects of the 2008 meltdown. Just for what he did to Greece he should be spending the rest of his life getting gang raped daily by an all-star team of Greek psychopaths in Korydallos prison. The other guy bought up one of the bankrupt 2008 banks and went on a foreclosure spree of all their mortgage debt, stealing tens of thousands of homes and turning them into property funds for investors to buy and then rent back to the previous owners. He foreclosed on one 92 year old woman whose monthly payment was 27 cents short. So it's going to be interesting to see what they come up with.

They're saying that they're not going to lower taxes on high earners and give them instead to low/middle earners. If they're going to give tax cuts, which is not a good idea, then that's the least worst thing they could do. Let's see what they actually come up with though.

I'm looking for a policy, ah there it is, so tax cuts is one of them I suppose. Tax cut, either you reduce spending or go into deficit spending. Less spending equals less employment/output. Increased deficit coming after huge spending/debt will of course add further to the pretty big debt left by Obama especially during his first term, but as the employment has stabilized, they must be planning to continue unwinding, which is not a bad move under the circumstances, that is, if they are indeed, and it will also reduce the pressure on interest rate. Otherwise, I don't see much wisdom in it but I'm sure the people in White House do. Who am I to question those 'experts'.

[Kirkland Laing]

Can anyone provide an outline of Trumps economic policy? I'm kinda lazy sifting through google today.

Sure, make America great again

Okay, I'll take your word for it but it better be true. But I hope Kirkland won't spoil it with his truckloads of charts saying otherwise.

There aren't truckloads of charts. Make America Great Again is it. We're waiting to hear what his policies are going to be. So far he's given us about 15 000 versions of what he's going to do. He's got a couple of Goldman Sachs guys who have explained to him that a lot of what he thought he could do isn't possible and they're now working out what is possible.

The main guy setting the policy is a total cunt. He was responsible for some of the worst aspects of the 2008 meltdown. Just for what he did to Greece he should be spending the rest of his life getting gang raped daily by an all-star team of Greek psychopaths in Korydallos prison. The other guy bought up one of the bankrupt 2008 banks and went on a foreclosure spree of all their mortgage debt, stealing tens of thousands of homes and turning them into property funds for investors to buy and then rent back to the previous owners. He foreclosed on one 92 year old woman whose monthly payment was 27 cents short. So it's going to be interesting to see what they come up with.

They're saying that they're not going to lower taxes on high earners and give them instead to low/middle earners. If they're going to give tax cuts, which is not a good idea, then that's the least worst thing they could do. Let's see what they actually come up with though.

I'm looking for a policy, ah there it is, so tax cuts is one of them I suppose. Tax cut, either you reduce spending or go into deficit spending. Less spending equals less employment/output. Increased deficit coming after huge spending/debt will of course add further to the pretty big debt left by Obama especially during his first term, but as the employment has stabilized, they must be planning to continue unwinding, which is not a bad move under the circumstances, that is, if they are indeed, and it will also reduce the pressure on interest rate. Otherwise, I don't see much wisdom in it but I'm sure the people in White House do. Who am I to question those 'experts'.

They're going to increase spending and cut taxes. The guys responsible for this are experts but not at running an economy.

[Kirkland Laing]

Jim Rikards gives a good outline of why it will go wrong whether Trump likes it or not. Basicaly America is in trouble because people don't want US debt, the petrodollar has been declining significantly and the Federal Reserve is now a failed institution tapped out at a ratio of 77:1. You mifht disagree because you are a cunt but many think something bad will come regardless of what Trump tries to do. The Empire seems to be in decline.

I googled this guy and he's less nutty than your normal people but still a nut. He's another guy who predicted hyperinflation and was completely wrong. Plenty of people want to hold US debt. Should we hit another meltdown money will absolutely flood into US debt. Right now people willing to sell debt to buy riskier investments is actually the sign of an improving economy. Don't hold your breath for US bonds to become a significant problem. The dollar has been declining significantly? In which universe?



Against which currencies has it declined? None of the major ones. The Fed is just fine baby. Only problem is who Trump will appoint to run it. He also gets to replace a majority of the board in the next four years. If he appoints a bunch of nuts then that's a massive problem as they'll be in charge of the policy response when we get the Trump version of the 2008 meltdown thanks to abandoning regulation again.

And I am a cunt. No need to apologise for calling me a cunt, it's a statement of fact. God bless you.

[walrus]

Jim Rikards gives a good outline of why it will go wrong whether Trump likes it or not. Basicaly America is in trouble because people don't want US debt, the petrodollar has been declining significantly and the Federal Reserve is now a failed institution tapped out at a ratio of 77:1. You mifht disagree because you are a cunt but many think something bad will come regardless of what Trump tries to do. The Empire seems to be in decline.

I googled this guy and he's less nutty than your normal people but still a nut. He's another guy who predicted hyperinflation and was completely wrong. Plenty of people want to hold US debt. Should we hit another meltdown money will absolutely flood into US debt. Right now people willing to sell debt to buy riskier investments is actually the sign of an improving economy. Don't hold your breath for US bonds to become a significant problem. The dollar has been declining significantly? In which universe?



Against which currencies has it declined? None of the major ones. The Fed is just fine baby. Only problem is who Trump will appoint to run it. He also gets to replace a majority of the board in the next four years. If he appoints a bunch of nuts then that's a massive problem as they'll be in charge of the policy response when we get the Trump version of the 2008 meltdown thanks to abandoning regulation again.

And I am a cunt. No need to apologise for calling me a cunt, it's a statement of fact. God bless you.

Dude you have been predicting the same stupid shit for years being the expert market man that you are. You have yet to be right even once you stupid cunt

[Kirkland Laing]

Jim Rikards gives a good outline of why it will go wrong whether Trump likes it or not. Basicaly America is in trouble because people don't want US debt, the petrodollar has been declining significantly and the Federal Reserve is now a failed institution tapped out at a ratio of 77:1. You mifht disagree because you are a cunt but many think something bad will come regardless of what Trump tries to do. The Empire seems to be in decline.

I googled this guy and he's less nutty than your normal people but still a nut. He's another guy who predicted hyperinflation and was completely wrong. Plenty of people want to hold US debt. Should we hit another meltdown money will absolutely flood into US debt. Right now people willing to sell debt to buy riskier investments is actually the sign of an improving economy. Don't hold your breath for US bonds to become a significant problem. The dollar has been declining significantly? In which universe?



Against which currencies has it declined? None of the major ones. The Fed is just fine baby. Only problem is who Trump will appoint to run it. He also gets to replace a majority of the board in the next four years. If he appoints a bunch of nuts then that's a massive problem as they'll be in charge of the policy response when we get the Trump version of the 2008 meltdown thanks to abandoning regulation again.

And I am a cunt. No need to apologise for calling me a cunt, it's a statement of fact. God bless you.

Dude you have been predicting the same stupid shit for years being the expert market man that you are. You have yet to be right even once you stupid cunt

Predicted the dot com bust. Predicted the 2008 meltdown a year ahead in real time right here on this forum. When a significant chunk of the financial community was predicting and betting on hyperinflation/soaring bond yields/collapsing dollar I predicted the opposite in real time right here on this forum. If only I knew something about financial markets I might have made a few quid out of a prediction record like that.

[Kirkland Laing]

Also, too. Predicted the political situation, the fact that the issues of ten years ago -- free markets, free trade etc - would be hit by reality and the inequality of our current situation would become the issue of the day. Now even the fucking GOP prez is parroting what I was saying ten years ago, never mind the other side. That's a pretty impressive record.

[walrus]

Also, too. Predicted the political situation, the fact that the issues of ten years ago -- free markets, free trade etc - would be hit by reality and the inequality of our current situation would become the issue of the day. Now even the fucking GOP prez is parroting what I was saying ten years ago, never mind the other side. That's a pretty impressive record.

Bullshit

[Gandalf]

Also, too. Predicted the political situation, the fact that the issues of ten years ago -- free markets, free trade etc - would be hit by reality and the inequality of our current situation would become the issue of the day. Now even the fucking GOP prez is parroting what I was saying ten years ago, never mind the other side. That's a pretty impressive record.

It's hardly rocket science. I have been complaining about globalisation and the abnormalities of the system for years as have others. Granted I do not have reams of technical knowledge, but my antenna is pretty sharp. That you don't even know who Jim Rikards is is fairly telling too. You also said Clinton would win as well, but Rikards got that one right. You are a big smarty pants in your head but you are as fallible as anyone else.

Also, I did not apologise for calling you a cunt. I simply said it wasn't said maliciously and that you are only a bit of a cunt. I have changed that estimate 6% higher.

[walrus]

Also, too. Predicted the political situation, the fact that the issues of ten years ago -- free markets, free trade etc - would be hit by reality and the inequality of our current situation would become the issue of the day. Now even the fucking GOP prez is parroting what I was saying ten years ago, never mind the other side. That's a pretty impressive record.

It's hardly rocket science. I have been complaining about globalisation and the abnormalities of the system for years as have others. Granted I do not have reams of technical knowledge, but my antenna is pretty sharp. That you don't even know who Jim Rikards is is fairly telling too. You also said Clinton would win as well, but Rikards got that one right. You are a big smarty pants in your head but you are as fallible as anyone else.

Also, I did not apologise for calling you a cunt. I simply said it wasn't said maliciously and that you are only a bit of a cunt. I have changed that estimate 6% higher.

Miles you are catching on I like you even more if that is possible

[Nameless]

Government debt isn't so much a problem. They can inflate it away at any time. The personal debt of ordinary people such as those with mortgages is much more of a problem. People default en mass and suddenly you have a crisis as banks are essentially bankrupt anyway. Personal debt is huge and an increase in interest rates guarantees insolvency and bankruptcy. Central banks are stuck in the middle. Rates were too low for too long and debt has mounted much higher.

So you're admitting that all the years you've been telling us that government debt was the problem and we were due imminent hyperinfllation you were wrong.

Personal and corporate debt are a problem in some countries, particularly in Britain. The situation is improving in a lot of countries though. Even if some countries do start to see serious problems with nonperforming personal debt it's noy going to cause inflation though, is it? Just the opposite in fact.

Kirk you are not fooliing anyone you obviously don't know my family members but if u did u would stop talking like you are someone you aren't you are so full of shit it makes me feel sorry for anyone close to you.

He didn't talk about your family, I don't understand where your argumentation is going.

Dude it's Kirkland all is fair now stay out of this

Warning, do not mess with Nameless.

@Master I don't but he started it why is he the zog

I didn't start nothing; just pointed out that on that one, your argumentation was not very tight. Beside, it's a public board, if you don't want people to read/comment on something you'Re saying, I'd suggest you write a private message to the person concerned.

[Gandalf]

Walrus, is that your Dad? You post on the same forum. I have never known such intimate bonds.

[walrus]

Government debt isn't so much a problem. They can inflate it away at any time. The personal debt of ordinary people such as those with mortgages is much more of a problem. People default en mass and suddenly you have a crisis as banks are essentially bankrupt anyway. Personal debt is huge and an increase in interest rates guarantees insolvency and bankruptcy. Central banks are stuck in the middle. Rates were too low for too long and debt has mounted much higher.

So you're admitting that all the years you've been telling us that government debt was the problem and we were due imminent hyperinfllation you were wrong.

Personal and corporate debt are a problem in some countries, particularly in Britain. The situation is improving in a lot of countries though. Even if some countries do start to see serious problems with nonperforming personal debt it's noy going to cause inflation though, is it? Just the opposite in fact.

Kirk you are not fooliing anyone you obviously don't know my family members but if u did u would stop talking like you are someone you aren't you are so full of shit it makes me feel sorry for anyone close to you.

He didn't talk about your family, I don't understand where your argumentation is going.

Dude it's Kirkland all is fair now stay out of this

Warning, do not mess with Nameless.

@Master I don't but he started it why is he the zog

I didn't start nothing; just pointed out that on that one, your argumentation was not very tight. Beside, it's a public board, if you don't want people to read/comment on something you'Re saying, I'd suggest you write a private message to the person concerned.

Kirkland is the public face of the ZOG, thus I must use all means to slay the beast

[Gandalf]

The markets going higher and higher. I think it will carry on going up for the time being. It has no connection with reality. It's an alien creature warped and distorted beyond any recognition. What goes up must always come down, but if you can replace people with more robots it will help things along, but eventually you will need to give the robots credit cards to keep it all going. Humanity has lost its marbles. Looking at that as a measure of ones achievements is like cutting off your own hand after your cat scratches you. Sure you dealt with the pain of the stratch but you are now on opioids for the missing hand! "Don't belittle me! I am making progress!".