Obama to Trump: you'll never get 3% growth. We got 3.9% now!

[brocktonblockbust]

Hundreds of billions of dollars have been brought in alone just on repatriation of funds by slashing the tax rate for repatriation of funds and as well by renegotiating instantly renegotiating the terms of International import export agreements....that alone brings us up probably to 2.7 or 2.8% growth. there are hundreds of OTHER reasons how Trump instantly turned the economy upwards on a dime but Tito fan does not want to believe it because he is drinking the Kool-Aid that says "give Obama credit and take away any credit from Trump".

People are pretending that they are being rational and objective in their criticism of trump but what they don't realize is that they have been brainwashed over the past 8 or 12 years. How have they been brainwashed exactly to make them look at Trump like this? Their thought processes have been so dumbed down and over simplified and they have become so pathetic and they live in these gotcha moments that any little slight in accuracy that Trump States even off the cuff or in Jest or to manipulate, they will jump on it as if it is some kind of incredible outrage against humanity or as some people I have mentioned above have put it it is so quote unquote Unbecoming of a president. Oh boo hoo get the violins oh boo hoo hoo hoo get the violins.

Now that is the real sickness right there.

[Gandalf]

It's cycles Brock. Anything Trump does is only going to be seen on a longer timeline. He has been President two years only. Plus I fully anticipate another global meltdown and I am not going to cry too much about it.

[Gandalf]

Lost baby bird, sure. I will cry a river. But the biggest economic crash in human history? Not so much.

[walrus]

Lost baby bird, sure. I will cry a river. But the biggest economic crash in human history? Not so much.

Just stock up on gold and silver you will be good

[Gandalf]

Lost baby bird, sure. I will cry a river. But the biggest economic crash in human history? Not so much.

Just stock up on gold and silver you will be good

It really doesn't bother me. They say we are doing very well economically, but it is bollocks. Interest rates are so low because nobody can afford the debt they are in. Same out here and it means you cannot even get a decent return at the bank with the money you hard earn. Let it fall down and let the greedy and beyond their means drown. They did it to themselves. If you have a mortgage you cannot afford that is on you and I urge the interest rates up to 5%. Until then do not tell me there is a recovery. A bunch of people working in retail at minimum wage proves nothing at all.

[brocktonblockbust]

With all due respect we cannot carry gold and silver through the woods and Over The Hills and Dales and across the rivers while we are looking for acorns and wild scallions and freshwater to eat/drink. How are we going to spend the gold and silver and why would anybody honor its value? All we will need at that point is a big stick and to be in great cardiovascular shape so that we can run 10 to 20 miles a day to escape from predators and attackers and to search for food. If you know how to build a fire and swing a 50 pound club for 3 hours straight without getting tired then you will succeed. All the Gold and the silver nuggets in the world are not going to save your ass out in the wilderness when society and civilization breaks down back into the Stone Age Again.
@Beanz @walrus @Kirkland Laing the germ

[walrus]

With all due respect we cannot carry gold and silver through the woods and Over The Hills and Dales and across the rivers while we are looking for acorns and wild scallions and freshwater to eat/drink. How are we going to spend the gold and silver and why would anybody honor its value? All we will need at that point is a big stick and to be in great cardiovascular shape so that we can run 10 to 20 miles a day to escape from predators and attackers and to search for food. If you know how to build a fire and swing a 50 pound club for 3 hours straight without getting tired then you will succeed. All the Gold and the silver nuggets in the world are not going to save your ass out in the wilderness when society and civilization breaks down back into the Stone Age Again.
@Beanz @walrus @Kirkland Laing the germ

I can trade my silver and gold for guns and ammunition and a harem of women or transgender. Gold has been used for currency in every civilation throughout . You only need a few ounces so it’s easy to carry it and still outrun the zombies

[brocktonblockbust]

I have to say that walrus has kind of schooled beans and everybody else in this thread

[Kirkland Laing]

It's cycles Brock. Anything Trump does is only going to be seen on a longer timeline. He has been President two years only. Plus I fully anticipate another global meltdown and I am not going to cry too much about it.

If US interest rates do keep going up it's going to blow things up. There are trillions of dollars of corporate/business debt in other countries denominated in dollars. If those loans start failing due to the dollar going up due to interest rates then it's going to cause big problems. Then everybody will be saying that the great economy of the late 2010s was actually illusory. And it is really. Heading for ten years into an economic expansion, rock bottom interest rates, first-in-history combination of low interest rates and high unemployment, previously central banks have always started banging rates up and creating recessions once unemployment hits 5%. This time because the recovery has been so poor they've kept them low and we now have less than 4% unemployment and everybody is talking about how strong the economy is. Well it isn't. It's still fragile as hell and it won't take much to fuck things up. We should have 4-5+% growth at this point in the cycle with these conditions and we can't crack three without cutting taxes and blowing the deficit up. And the US is currently running trillion dollar deficits in the middle of it. Just wait till the next recession.

[walrus]

It's cycles Brock. Anything Trump does is only going to be seen on a longer timeline. He has been President two years only. Plus I fully anticipate another global meltdown and I am not going to cry too much about it.

If US interest rates do keep going up it's going to blow things up. There are trillions of dollars of corporate/business debt in other countries denominated in dollars. If those loans start failing due to the dollar going up due to interest rates then it's going to cause big problems. Then everybody will be saying that the great economy of the late 2010s was actually illusory. And it is really. Heading for ten years into an economic expansion, rock bottom interest rates, first-in-history combination of low interest rates and high unemployment, previously central banks have always started banging rates up and creating recessions once unemployment hits 5%. This time because the recovery has been so poor they've kept them low and we now have less than 4% unemployment and everybody is talking about how strong the economy is. Well it isn't. It's still fragile as hell and it won't take much to fuck things up. We should have 4-5+% growth at this point in the cycle with these conditions and we can't crack three without cutting taxes and blowing the deficit up. And the US is currently running trillion dollar deficits in the middle of it. Just wait till the next recession.

U r almost good at pretending you know what u r talking about

[walrus]

If Kirkland knew what he was talking about he would bring up the true possible economic disaster with our fed raising rates and that is interest paid on the national debt. As the rates goes up, so does the interest we pay on our 20 trillion dollar national debt you know, the one Obama’s campaigned on saying it was an outrage when it was around 9trillion when Obama took office. Thanks Barry.

[walrus]

I could lay down ten much better possibilities for economic meltdown for Kirk issue is I know I’m not always right. I think Kirkland reads kiplingers I’m more at investors business daily level

[brocktonblockbust]

Kirkland's middle name at Birth was "quantitative easing to Infinity"

[Kirkland Laing]

I could lay down ten much better possibilities for economic meltdown for Kirk issue is I know I’m not always right. I think Kirkland reads kiplingers I’m more at investors business daily level

I don't read anybody at all. If they're so smart why aren't they making money?

What are these ten better possibilities?

[Kirkland Laing]

If Kirkland knew what he was talking about he would bring up the true possible economic disaster with our fed raising rates and that is interest paid on the national debt. As the rates goes up, so does the interest we pay on our 20 trillion dollar national debt you know, the one Obama’s campaigned on saying it was an outrage when it was around 9trillion when Obama took office. Thanks Barry.

Every Democratic president since before Reagan has reduced the deficit, in Obama's case by a dramatic percentage despite inheriting the greatest economic collapse since the Great Depression. Every Republican president since Reagan has dramatically increased the deficit. Reagan trebled the national debt. Trump has slashed taxes (with nearly 90% of the tax cut going to the top 1%, the lowest 25% of earners get a $60 a year tax cut, Warren Buffeet got $30 billion) and is now running trillion dollar deficits in the middle of an economic expansion.

Let's see what you actually know about debt and deficits and this potential great disaster for America. This could be a teachable moment. Have a look at the graph.





Firstly, how come America is paying much less in interest on the debt compared to the end of the nineties, a time when Bill Clinton and the Democratic congress turned a then record deficit inherited from the GOP into an actual surplus with the entire national debt projected to be paid off by 2010, at a time when the current guy is running trillion dollar deficits in the middle of an economic expansion?