ST Alpha - "Has Trump said that we're not going to honor our debt? -- nm" (Reading a Post)

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In response to "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)" by Krusty

Has Trump said that we're not going to honor our debt? -- nm

Posted by Strongbad (aka Rambler14) May 6 '16, 06:46

(No message)

Responses:

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

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