ST Alpha - "It's not done yet but it definitely has them and many other countries worried. Hopefully they see Hillary winning and aren't all that nervous. -- (edited)" (Reading a Post)

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It's not done yet but it definitely has them and many other countries worried. Hopefully they see Hillary winning and aren't all that nervous. -- (edited)

Posted by Krusty (aka Krustylu) May 6 '16, 06:45

Trump has no idea what happens when he says things like that and people in the GOP need to get to him and sit him down and explain how the world works and how when you're a nominee for president you can't just say things like we're not going to honor our debts.

Responses:

Has Trump said that we're not going to honor our debt? -- nm - Strongbad May 6, 06:46 28
- Oh, and he would also "borrow, knowing that if the economy crashed, you could make a deal." - znufrii May 6, 07:03
- He wants to buy back low interest debt at discount rates once rates start to rise. -- (edited) - znufrii May 6, 06:47 26
  - Yup which is not honoring our debts. That's a huge deal and not something that can be allowed to happen. Even the discussion can't happen. -- nm - Krusty May 6, 06:49 25
    - It's not the same as, say, Argentina under Kirchner - "we're not going to pay". But it's tough negotiating that would make it harder for the US to - Roger More May 6, 06:53 23
      - That's my point. Countries that don't see a 100% return won't be interested in giving credit in the future and will lower our standing in the world. - Krusty May 6, 06:57 20
        
        I'm agreeing with you, but to SB's point this is still "honoring the debt" - Roger More May 6, 07:03 19
        
        I'd look at the idea of full faith and credit....if I bargain for a deal; that's not full faith/credit imo. - Will Hunting May 6, 07:09 6
        
        Circumstances change. If I take out a mortgage to buy a house, and then I lose my job and can't keep up payments, and renegotiate a new deal with the - Roger More May 6, 07:22 4
        
        The difference is your example; you can't pay. We can. - Will Hunting May 6, 07:25 2
        
        I get that 100%, as you can read from my other posts - I'm just saying that I understand where SB is coming from. -- nm - Roger More May 6, 07:32 1
        
        They updated the article since I originally posted it, and his other comments are much less benign, imho. -- nm - znufrii May 6, 07:37
        
        Illustration #368,743,997 how running country is not like running a household. -- nm - znufrii May 6, 07:24
        
        Exactly what I'm trying to get at. -- nm - Krusty May 6, 07:13
        
        then the next time you ask to borrow $100 from me my response is fuck that shit. -- nm - Bacon May 6, 07:09 1
        
        Which is probably what the bondholders will say too. They're right to expect payment of the full amount - like I said, it's supposed to be the safest - Roger More May 6, 07:10
        
        I guess I don't see it that way. We have a contract to pay in full and when we renegotiate we're not honoring that original deal. -- nm - Krusty May 6, 07:07 8
        
        It's just how it works in the financial markets -- (edited) - znufrii May 6, 07:10
        
        it's like bartering. No one would pay full price for a new car so they haggle it down -- nm - Beaker May 6, 07:08 6
        
        We're not a car dealership. We're the richest country on Earth, our money is the world's primary reserve currency. We don't barter our debts. -- nm - Krusty May 6, 07:12 4
        
        technically, isn't Qatar the world's richest country? - Andie May 6, 07:13 3
        
        On a per capita basis probably. But in total, the USA's assets would be hard to beat. -- nm - Roger More May 6, 07:24
        
        pretending to like Trump is hard work -- nm - Beaker May 6, 07:13
        
        You know what I meant. -- nm - Krusty May 6, 07:13
        
        you do that in the beginning - before you agree on the deal. once you've signed the deal for the car, you pay that full amount. -- nm* - Andie May 6, 07:11
        
        If it's voluntary, yes. - znufrii May 6, 07:05
      - Not what you want to be doing with the bedrock financial instrument of the global economy, for sure. -- nm - znufrii May 6, 06:56 1
        
        Exactly. -- nm - Krusty May 6, 06:57
    - It's not what you're claiming, exactly, but there are plenty of reasons it's not a good idea. -- nm - znufrii May 6, 06:51
basically, the entire world is concerned about it. - Andie May 6, 06:45

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It's not done yet but it definitely has them and many other countries worried. Hopefully they see Hillary winning and aren't all that nervous. -- (edited)

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