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It just proves Obamas LIES about jobs …..You cant trust any of his statistics ..now they revise TWO months back to cover the revisions that were also LIES….They have to revise the REVISIONS…..!
think about the Rates ..on the way down if you drop from 7 % to 6 % thats a small drop %…but if you are at 1 % and rising from 1 % to 2 % is 100 % increase in debt ! It was easy for Clinton & Rubin to drop rates and finance everything short term…but they created a gigantic problem for the next guy …Its going to take 20 years of slow rising rates to get back to normal in a slow moving economy….Trump need to get the economy moving much faster so it can support higher Rate payments ….Only then can rates rise faster and take less time to get to normal…..Clinton created a Hell of a Problem…!
He should be tried for Financial theft of the Countries FUTURE and sent to jail for as long as it takes to get back to normal rates.He should be held accountable and a flexable jail term to coincide with interest Rates .If it takes 20 years to normalize then thats his sentence !
Why dont the Courts at the HAGUE have a tribunal to cover Financial Crimes just like WAR crimes. They do just as much damage..!
JAPAN has had low rates for 20 YEARS already ! and they force rates lower and go negative to keep exporting .They have NO natural resources so they must export by adding value..When they go negative …its stealing the savings of its citizens instead of paying interest ! Japans banking will cease to have any depositors ..its more profitable to keep it under the mattress or buy GOLD..! Just hide it anywhere !
Scum only thing between 1300 plus Au here, Dollar smash and an SM belting.
They just took Eur/Usd from 1.1480 to near 1.14….!!!!! and have stpd Au rally so far.
Re the Harpy from Hell….I just can’t see her getting elected when people put out such Vids, that are so easily distributed. If she was taken away in a straight jacket, due to a stress related total meltdown, mny would cheer her just deserts…not least Vince Foster. !!!!!
B J Clintoon also dumped Glass Steagal, which set off the banking mania, that has ruined the entire Western financial system, the consequences of which the middle and working classes now live with ….Yet he swans around and is feted as a true great…
That myth is maintained by a compliant media, behavior he fine tuned into an art form, by employing thugs like Carville to terrorise the MSM into complicity.
Tony Blair then used the same tactics to win 3 elections in the UK and ruin it and is now swanning around the world like BJ filling his pockets, with not a care in the world…though the Press here mostly hate him with a vengeance.
BJ effectively used Private Equity Buy Out tactics, with the goodwill of previous administrations, to line his pockets, as did Blair and now most Politicians think that is the way to riches…hence the abysmal low lifes that inhabit politics today.
ps
I wonder if Trump will dare go after BJ for his financial record, because as you say it is a sick joke.
because your short term bond will become a long term bond ..That means the CURRENT value of a payment made further in the future is much lower …I said CURRENT VALUE ! …If you hold it until it matures you get paid IN FULL ..If you want out NOW you take a HAIRCUT ! So TRUMP can claim everybody will get PAID IN FULL and he will be correct….
In the 1970,s I bought treasury bonds (ZERO COUPON)yielding 21 % under jimmy Carter …I paid $150 for a thousand dollar bond held to maturity (30 years)when rates fell under VOLCKER The Bonds skyrocket to 1300 per BOND ..I made 9 times my money in 6 months Thanks VOLCKER..
A BOND is a certificate of GUARANTEED confiscation ..definition by Franz PICK (swiss Banker)
created this financial mess when they converted all the US debt from long term to short term in order to balance the then current budget .The difference in interest rates is what CREATED the BILL CLINTON SURPLUS …It was all fictitious to create a phony balanced budget ,but that created the current risk ,,,when rate s are headed up ..if rates go from 1 per cent to 2 percent the whole debt doubles instantly and default is certain ! TRUMP is right !
He needs to reverse what Clinton did and re structure all the debt back to LONG TERM DEBT…CLINTON & RUBIN created this WHOLE debt mess…..and the public loved it …! Stupid is as Stupid DOES….Democrats got Political accolades for creating a future mess….The public was too stupid to understand what a F__king they got from Clinton… Just like his Bimbos…
could make a deal with Mexico to grant a PATH to citizenship in exchange for cancelling 50 billion in debt ! or
anything s possible and everything is on the TABLE ! as he likes to say..
Remember if you owe your creditors 2-3 billion you got a problem ,,but if you owe them 50 billion (mexico) or 500 (CHINA) billion THEY got a PROBLEM !
everythings on the table ditto for China ! trump will make a deal !
I was once involved in a possible Bankruptsy deal ..my creditor told me “you may never get that money (20,000) he owed me in 1968 that was a lot of money then…)…..but he said we are having a creditors meeting next week and you watch the big creditors are going to give me an additional 100,000 in credit before we leave the meeting ….So I said not me ! because Im a small creditor and I’l only accept payment in full or I can kill the whole deal and the big creditors will lose everything I f I throw a monkey wrench into the deal. So the big creditors have to lend you enough to pay the small guys in full so everybody gets to play ball…. In the end thats exactly what happened ..I got paid in full ,the big creditors extended him another 100,000 to keep him in business and everybody got paid withen one year .It all worked out….Its the big creditors who are really at risk ! They will have to accept different terms like extending the short term debt to long term debt ..eg..debt due in 6months is now due in 20 years ..you will get it all paid ,you just have to wait for it..nobody defaults …Trump dont need me to tell him how to do it, HE KNOWS….!
My accountants were TAX SPECIALISTS located in the Empire State Building they worked the details out….
He came as close as any major presidential contender to saying that America’s formula for economic recovery might involve repaying our creditors less than what we owe. This is a major development that should be rewriting the playbook on Wall Street and call into question the risk-free nature of U.S. Treasuries.
Trump’s picked this ex gs guy to be his financial fundraiser person. That’s not a super important position to me. Perhaps he’s figured this GS guy is practiced at grabbing the dough!
Will he pick a GS guy for his sec of Treasury? That would be another thing.
Thus, the thought processes of Janet Yellen’s predecessor. Reading him, we are struck, as ever, by his clinical detachment. Does the deployment of helicopter money not entail some meaningful risk of the loss of confidence in a currency that is, after all, undefined, uncollateralized and infinitely replicable at exactly zero cost? Might trust be shattered by the visible act of infusing the government with invisible monetary pixels and by the subsequent exchange of those images for real goods and services? The former Fed chairman seems not to consider the question— certainly, he doesn’t address it.
To us, it is the great question. Pondering it, as we say, we are bearish on the money of overextended governments. We are bullish on the alternatives enumerated in the Periodic table. It would be nice to know when the rest of the world will come around to the gold-friendly view that central bankers have lost their marbles. We have no such timetable. The road to confetti is long and winding.
comparable boreal forests that stretch similarly across Canada and Alaska have evolved with relatively frequently recurring fires, that is fires with relatively short return intervals when measured in mean number of years between a significant fire at any one location within the taiga/boreal region. When these events occur, in a very short time there is substantial carbon exchange involving the atmosphere and the soil, humus, litter, and standing vegetation biomass components of these northern ecosystems. The link below shows these carbon cycling processes in action. Human-based activities are sometimes in the path of these natural processes.
Agree huge red flag…they say “Once Goldman, always Goldman”.
Still I have always thought, that we are on our own and that no-one can sort out this mess, it has to blow up first, to get people really pissed off, then change may come.
In an oddly ironic twist, today Donald Trump announced that he has picked as chairman of his newly launched fundraising operation none other than a former employee of the bank he has repeatedly criticized in the past, and which he used as a foil to criticize Ted Cruz: Goldman Sachs. In addition to Goldman, Mnuchin also worked for Soros previously. Where it gets even more ironic is that Mnuchin has donated frequently to Democrats, including to Clinton and Barack Obama.
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