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there is no profit in a collapse. I'll leave it since he has been saying the same thing forever. True gold will spike, but then the panic will be over and it will go back down. remember $1900? then what happened?
I'll take #andrewgause There will be no collaspe. they can continue until they run out of zeros, which is when? exactly :)
When the debt was 1 trillion this dude and his like screamed collaspe. when it was 8 trillion same thing now it is 23 trillion. seems he was wrong about 20 trillion ago. the debt is going to 40 trillion. Trump couldn't pay off the debt if he wanted to. not without millions of people starving. :)
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Trump couldn't pay off the debt if he wanted to. not without millions of people starving. :)
But he could easily negotiate a complete reset (esp. since much of our debt comes from subsidizing and protecting many of the same countries we "owe"), end the Fed and direct Congress to create a new currency backed by gold or some other commodity with intrinsic value rather than inherent debt built into its creation.
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no he could not. you are hand waving over way too many subjects are that a lot more complex that you assume. Also, if the FED is 100% lawful, backed by congress, Trump has a long road to hoe. However, Trump could nationalize the FED, which would be gangster. Then he would need to unwind the debt, many steps to get to where we both would like to go. #andrewgause on youtube has lots of good info. :)
view the rest of the comments →
[–] 16682209? 0 points 1 point 1 point (+1|-0) ago
there is no profit in a collapse. I'll leave it since he has been saying the same thing forever. True gold will spike, but then the panic will be over and it will go back down. remember $1900? then what happened?
I'll take #andrewgause There will be no collaspe. they can continue until they run out of zeros, which is when? exactly :)
When the debt was 1 trillion this dude and his like screamed collaspe. when it was 8 trillion same thing now it is 23 trillion. seems he was wrong about 20 trillion ago. the debt is going to 40 trillion. Trump couldn't pay off the debt if he wanted to. not without millions of people starving. :)
[–] 16683255? 0 points 1 point 1 point (+1|-0) ago (edited ago)
But he could easily negotiate a complete reset (esp. since much of our debt comes from subsidizing and protecting many of the same countries we "owe"), end the Fed and direct Congress to create a new currency backed by gold or some other commodity with intrinsic value rather than inherent debt built into its creation.
[–] 16725035? ago
no he could not. you are hand waving over way too many subjects are that a lot more complex that you assume. Also, if the FED is 100% lawful, backed by congress, Trump has a long road to hoe. However, Trump could nationalize the FED, which would be gangster. Then he would need to unwind the debt, many steps to get to where we both would like to go. #andrewgause on youtube has lots of good info. :)
[–] waldo1899 [S] 2 points -2 points 0 points (+0|-2) ago
No country in history ever paid off its debt........buy Treasuries or gold???...your choice
[–] 16725003? ago
only concerned about America. Why pay off the debt just print more. your all or nothing stance shows how little you understand how money works. shame