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The #1 Reason Why Donald Trump Is What America Needs (And Deserves)
Submitted by Simon Black via SovereignMan.com,
Just a few weeks ago, US talk show host Stephen Colbert was asked if he thought that Donald Trump had a chance of becoming President of the United States.
Colbert responded sincerely. “Honestly, he could. And that’s not an opinion of Trump. That’s my opinion of our nation.”
He’s right. The Land of the Free may very well be ready for something completely different. And Trump certainly seems able to deliver.
He is, after all, unique in his field. Donald Trump has never served in politics, and his blunt style is almost the exact opposite of every other major candidate.
But there’s one thing that really sets him apart, that, in my opinion, makes him the most qualified person for the job:
Donald Trump is an expert at declaring bankruptcy.
When the going gets tough, Trump stiffs his creditors. He’s done it four times!
Candidly, this is precisely what the Land of the Free needs right now: someone who can stop beating around the bush and just get on with it already.
As history shows, a default is inevitable.
The calculus is quite simple: when governments take on too much debt, they start having to divert a huge amount of their tax revenue just to pay interest.
This means that, at a minimum, the government has to sacrifice many of the promises they made to their citizens. They cut other programs in order to have enough money to pay interest.
But that’s not too popular. So instead they typically just borrow more money… until they’re borrowing money just to pay interest on money they’ve already borrowed.
This makes the problem exponentially worse.
Debt skyrockets. And soon the government is spending more on interest payments than national defense. (The US is almost at this point).
Eventually a bankrupt government has no choice: either default on their bondholders, or default on the obligations they made to their citizens. Or both.
This could take the form of a ‘selective default’. For example, the US government could default on the $2.4 trillion that it owes the Federal Reserve.
Or the $1.2 trillion that it owes China.
These are both possibilities.
But the prospect of default on “risk free” US government bonds would throw the global financial system into a tailspin; not to mention it would be the final nail in the coffin for the US dollar’s dominant reserve status.
Fortunately there are easier options for Uncle Sam.
The biggest debts that are owed by the US government are the obligations they owe to you.
Specifically, all the benefits like Social Security and Medicare they promised to American taxpayers.
The US government’s own numbers estimate these obligations at nearly $42 TRILLION, completely dwarfing what they owe China, or anyone else.
Then there’s the obligation they have to preserve the purchasing power of the $12 trillion held by the American people.
That’s the current value of the money supply in the United States right now.
History shows that debasing a nation’s currency is one of the easiest and most effective ways for bankrupt governments to plunder their citizens’ wealth, little by little over time.
As I explain in today’s podcast, the hard reality that most people don’t seem to get is that the US government is bankrupt.
This isn’t some wild assertion or conspiracy theory; their own financial statements show that the government’s ‘net worth’ is NEGATIVE $17.7 trillion.
And yes, the US is already borrowing money just to pay interest.
In fact the combined expenses of interest on the debt plus mandatory entitlements like Social Security nearly exceed their entire tax revenue.
In other words, you could eliminate nearly everything we think of as government– the EPA, the IRS, Homeland Security, etc. and it wouldn’t make a dent in the national debt.
When things get this dire, it doesn’t matter who sits in the chair.
You might as well elect a chimpanzee in the hopes that Mister Bubbles might accelerate the decline.
Donald Trump may very well be that chimpanzee. Especially given his unparalleled experience in declaring bankruptcy.
Nations that pass the economic point of no return can’t rebuild until they hit rock bottom.
And the US is way past that point. So let’s get on with it already and hit the reset button.
* * *
Join me for more in today’s podcast as I break down the details of the US government’s $60 trillion in liabilities– and what you can do about it.
click image for full podcast...
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Assinine article.
Trump has bankrupted four companies out of nearly 1,000 started.
Name one other business person with that kind of percentage.
This afternoon I captured an 8 foot long alligator out of the pond, right behind my house. It was a pretty scary thing. That motherfucker was eight feet long! Well... I got his ass, and I put him in the back of my truck and took him down to the river and released him.
As I was driving down to the river to place this nasty ass creature into the river, it reminded me of the people on Zerohedge.com, who are all nothing but people who talk big but appear to lack courage who have an alligator mouth and a canary ass... exactly like Donald Trump.
anyone can bite. i know you think it's just a fantasy
Since you think it's a fantasy, next time I'll call you to come get an 8 foot alligator out of my pond. So give me your telephone number. I'll call you up and pay you to take care of the whole mess. I doubt you'll do that because you're probably just like all the other bigmothed queers around here in hiding, scared to come out of the closet.
I agree wth you... anyone can bite.
Why don't you post your telephone number so we can call you when we find 8ft Gators roaming about - you've let your Steve Irwin fanatasy go too far, get back on your meds.
As a child, I was taught biting is unsanitary, uncivilized and unacceptable behaviour. Pretty certain all my school chums were as well. Shit, if it weren't for teeth, we would still be on the tit. The species is regressing through entropy into full chaos.
Yes, that's it...
that makes you another dumbass florida cracker, not some tough action hero.
Did you get up on the wrong side of the bed today?
You caught an 8 foot alligator and threw it in the back of your truck all by yourself ??
You are one liar of a son of a bitch man.......................
You caught an 8 foot alligator and threw it in the back of your truck all by yourself ??
You are one liar of a son of a bitch man.......................
fuck colbert. who gives a fuck what he thinks? Seriously.
Maybe Trump might wind up to be the winner.....because Clinton was part of the most massive cover-up in history supported by the GOP AND Democratic leadershiop.
http://market-ticker.org/akcs-www?post=230506
If the Iran Deal was a doomed treaty only because it was a cover story to an even more secret deal where Iran is allowed to be a nuclear superpower with the agreement of the GOP leadership in Congress, the Democrats leadership and the President, then if this blows up Trump will just have a cakewalk into the White House and there will be a massive economic and political crisis.
zh is historically bad at picking presidential candidates wellz for 2012. It's like they were put up on the stand to please the undertaker.
The only problem with this is the good ol' 14th Amendment:
Section 4.The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.
Unless he gets a declaration of war, in which case he can invoke his authority as commander-in-chief, just like Lincoln did to suspend Habeas Corpus.
He can do that at the time of his choosing as the Commander in Chief during this War on Terror that will never end.
Well your comment shows a complete lack of understanding of just what is owed.and how those debts can be "paid" with unbacked U.S. Notes.
"As president, we will ditch our debt! I will have the Treasury issue our new currency, The Trump!"
Fiat Currency, no doubt?
Simon Black is a perfect of why I hate, loathe, revile and in general would dearly love to eliminate all of the pseudo-intelligent, pretentiously-educated elites. His ilk seized control of the United States of America by using their riches obtained through fraudulent banking and financial systems to buy the POSEDs* and POSERs** whores. Their whores subvert all common sense and the will of the American People by Unconstitutionally giving away the control of the nation's money to private bankers and their debt-based currency fraud. They finance the power hungry POSEDs and POSERs in all kinds of Unconstitutional and Unpopular schemes such as aggressively taking sides in European wars that then became global wars; burdening America with mountains of debt and unfunded liabilities by creating a permanent government-supported underclass (slaves in all but name), promising all sorts of government programs to break Americans self-reliance, freedom and independence; control the outcome of all elections for at least the last one-hundred years to ensure their chosen POSEDs and POSERs of the One Party obtain and stay in power; and I could continue ad nauseum.
Now this Pile Of Stinkin' Excrement Simon Black, with his elitist "I'm so superior to all of you riff-riff Americans" contempt, comes along and says that it's We, the American People, who deserve Donald Trump and national bankruptcy. Well, if we do deserve that fate, it's only because we didn't revolt and execute all of the rich and their POSEDs and POSERs, including all of the Simon Black's, and enact changes to laws to keep the American Republic on a firm Constitutional footing a long time ago!
I have a rusty bayonet that he can "sit on and rotate" as the saying goes.
*POSEDs—Pile Of Stinkin' Excrement Democrats
**POSERs—Pile Of Stinkin' Excrement Republicans
By the way, Fuck You Simon Black!
I'm deeply suspicious of Donal Trump. Besides that, he's irrelevant because the political process and American Government are under the total control of the rich and their POSED* and POSER** whores. The American Republic, Constitutional Government and Freedom and Liberty will not be restored by anything less than Revolution by the American People. Anyone who believes otherwise is in thrall to the rich and their propaganda spewed by their wholly-owned mainstream media.
A little off topic here but when 'Moochele' leaves the White Castle next year will she take all the ash trays with her too ????
A little off topic here but when 'Moochele' leaves the White Castle next year will she take all the ash trays with her too ????
LOL at Colbert acting like Obama, the guy with no known background- allegedly Bathhouse Barry and 'community organizer' getting elected twice somehow doesn't reflect extremely poorly on us but Donald Trump does.
Impeach all 535 morons + I Criminal-in-Charge for fraud, treason
So, why do people who write articles like this never say that paying the debt was never possible, not because the government does not tax enough or spend less but because the "money" is lent at interest into existence? Any article like this that does not account for this fact is pure propaganda or just wrong! Debasing paper "money" by printing more or debasing coin by reducing the precious metal content is not the same as a ponzi scheme that creates unpayable debt when the first FRN is created. Until the problem is correctly identified by the people we will never escape the Banksters until it all collapses and then future generations will probably repeat the same mistakes.
The real problem with this Country? The size of the federal government is crushing us under it's weight, cost, and regulations.
There are over 500 federal agencies. The complete list is here. Review it, it is absurd. Send this to your local politicians.
Under the constitution, there should only be 2 handfuls of federal agencies.
List is here
http://nukeprofessional.blogspot.com/2015/08/over-500-federal-agencies-b...
Unconstitutional Federal Government Agencies
(A partial listing)
Advanced Research Projects Agency
Advisory Commission on Intergovernmental Relations
Advisory Council on Historic Preservation
African Development Foundation
Agency for International Development
Agricultural Marketing Service
Agricultural Research Service
Agriculture, Department of
Economic Research Service
Energy, Office of
Environmental Quality, Office of
Federal Acquisition Regulation
Federal Crop Insurance Corp.
Food and Nutrition Service
Foreign Agricultural Service
Forest Service
Grain Inspection, Packers and Stockyards
Administration
Information Resources Management
Inspector General, Office of
National Agricultural Library
National Agricultural Statistics Service
National Resources Conservation Service
Operations, Office of
Procurement and Property Management
Rural Business - Cooperative Service
Rural Development Administration
Rural Housing Service
Rural Telephone Bank
Rural Utilities Service
Secretary of Agriculture, Office of
Transportation, Office of
World Outlook Board
AMTRAK
American Battle Monuments Commission
American Indians, Office of Trustee
Animal and Plant Health Inspection Service
Appalachian Regional Commission
Architectural/Transportation Barriers Compliance Board
Arctic Research Commission
Assassination Records Review Board
Benefits Review Board
Bilingual Education and Minority Languages Affairs, Office of
Blind or Severely Disabled, Committee for Purchase from People who are
Board for International Broadcasting
Broadcasting Board of Governors
Federal Acquisition Regulation
Central Intelligence Agency
Child Support Enforcement
Children and Families Administration
Civil Rights, Commission on
Civil Rights, Office for
Commerce Department
Economic Analysis, Bureau of
Economic Development Administrations
Emergency Management Assistance
Fishery Conservation and Management
International Trade Administration
National Marine Fisheries Service
National Oceanic and Atmospheric Administration
National Telecommunications and Information Administration
National Weather Service
Productivity, Technology and Innovation, Assistant Secretary
Technology, Undersecretary for
Commercial Space Transportation
Commodity Credit Corporation
Commodity Futures Trading Commission
Community Development Financial Institutions Fund
Community Planning and Development
Community Service, Office of
Construction Industry Collective Bargaining
Commission
Consumer Product Safety Commission
Cooperative State Research, Education, and Extension Service
Corporation for National and Community Service
Cost Accounting Standards Board
Council on Environmental Quality
Delaware River Basin Commission
Drug Enforcement Administration
Economic Affairs, Undersecretary of
Economic Analysis, Bureau of
Economic Development Administration
Economic Research Service
Education, Department of
Bilingual Education and Minority Languages
Affairs, Office of
Civil Rights, Office of
Educational Research and Improvement
Elementary and Secondary Education
Federal Acquisition Regulation
Postsecondary Education
Secretary of Educations
Special Education and Rehabilitative Services, Office of
Vocational and Adult Education
Emergency Oil and Gas Guaranteed Loan Board
Emergency Steel Guarantee Loan Board
Employees' Compensation Appeals Board
Employees Loyalty Board
Employment and Training Administration
Employment Standards Administration
Endangered Species Committee
Energy, Department of
Energy, Office of
Engineers, Corps of
Environmental Protection Agency
Environmental Quality, Office of
Equal Employment Opportunity Commission
Equal Opportunity, Office of Assistant Secretary
Export Administration, Bureau of
Export-Import Bank of the United States
Family Assistance, Office of
Farm Service Agency
Farm Credit Administration
Farm Credit System Insurance Corp.
Federal Acquisition Regulation
Federal Aviation Administration
Federal Claims Collections Standards
Federal Communications Commission
Federal Contract Compliance Programs
Federal Deposit Insurance Corporation
Federal Election Commission
Federal Emergency Management Agency
Federal Employees Life Insurance
Federal Employees Health Benefits
Federal Energy Regulatory Commission
Federal Financial Institutions Examination Council
Federal Financing Bank
Federal Highway Administration
Federal Home Loan Mortgage Corp.
Federal Housing Enterprise Oversight Office
Federal Labor Relations Authority
Federal Law Enforcement Training Center
Federal Management Regulation
Federal Maritime Administration
Federal Mediation and Conciliation Service
Federal Mine Safety and Health Review
Federal Motor Carrier Safety Administration
Federal Prison Industries, Inc.
Federal Procurement Policy, Office of
Federal Property Management Regulations
Federal Property Management Regulations System
Federal Railroad Administration
Federal Retirement Thrift Investment Board
Federal Service Impasse Panel
Federal Trade Commission
Federal Transit Administration
Federal Travel Regulation System
Financial Crimes Enforcement Network
Fine Arts, Commission on
Fiscal Service
Fish and Wildlife Service, U.S.
Fishery Conservation and Management
Food and Drug Administration
Food and Nutrition Service
Foreign Agricultural Service
Foreign Assets Control, Office of
Foreign Claims Settlement Commission
Foreign Service Grievance Board
Foreign Service Impasse Disputes Board
Foreign Service Labor Relations Board
Foreign Trade Zones Board
Forest Service
Geological Survey
Government Ethics, Office of
Government National Mortgage Association
Harry S. Truman Scholarship Program
Health and Human Services, Dept. of
Health Care Financing Administration
Housing and Urban Development
Federal Housing Commissioner
Human Development Services
Independent Counsel, Office of
Indian Affairs, Bureau of
Indian Arts and Crafts Board
Indian Health Service
Information Resources Management
Information Security Oversight Office
Inspector General
Institute of Peace, U.S.
Inter-American Foundation
Intergovernmental Relations, Advisory Commission
Interior Department
Internal Revenue Service
International Boundary and Water Commission
International Development, U.S. Agency on
International Development Cooperation Agency
International Fishing and Related Activities
International Investment
International Joint Commission, U.S. and Canada
International Organizations Employees Loyalty Board
International Trade Administration
International Trade Commission
James Madison Memorial Fellowship Foundation
Japan-U.S. Friendship Commission
Joint Board for the Enrollment of Actuaries
Labor Department
Labor-Management Standards, Office of
Land Management, Bureau of
Legal Services Corporation
Management and Budget, Office of
Marine Mammal Commission
Maritime Administration
Micronesian Status Negotiations
Mine Safety and Health Administration
Minerals Management Service
Mines, Bureau of
Minority Business Development Agency
Monetary Offices
Multifamily Housing Assistance Restructuring, Office of
National Aeronautics and Space Administration
National and Community Service Corp.
National Capital Planning Commission
National Commission for Employment Policy
National Commission on Libraries and Information Science
National Council on Disability
National Counterintelligence Center
National Credit Union Administration
National Drug Control Policy, Office of
National Foundation on the Arts and Humanities
National Highway Traffic and Safety Administration
National Imagery and Mapping Agency
National Indian Gaming Commission
National Institute for Literacy
National Institute for Standards and Technology
National Labor Relations Board
National Mediation Board
National Park Service
National Railroad Adjustment Board
National Science Foundation
National Telecommunications and Information
Administration
Natural Resources Conservation Service
Neighborhood Reinvestment Corp.
Northeast Dairy Compact Commission
Occupational Safety and Health Administration
Occupational Safety and Health Review Board
Oklahoma City National Memorial Trust Operations Office
Overseas Private Investment Corp.
Payment from a non-Federal Source for Travel Expenses
Payment of Expenses Connected With the Death of Certain Employees
Peace Corps
Pennsylvania Avenue Development Commission
Pension and Welfare Benefits Administration
Pension Benefit Guaranty Corporation
Presidential Commission on the Assignment of Women in Armed Forces
Presidential Documents
Presidio Trust
Prisons, Bureau of
Procurement and Property Management
Productivity, Technology and Innovation, Assistant Secretary
Public Contracts, Dept. of Labor
Public and Indian Housing
Public Health Service
Railroad Retirement Board
Reclamation, Bureau of
Refugee Resettlement, Office of
Regional Action Planning Commissions Relocation Allowances
Research and Special Programs Administration
Rural Business-Cooperative Service
Rural Development Administration
Rural Housing Service
Rural Telephone Bank
Rural Utilities Service
Saint Lawrence Seaway Development Corporation
Science and Technology Policy, Office of
Secret Service
Securities and Exchange Commission
Selective Service System
Small Business Administration
Smithsonian Institution
Social Security Administration
Soldiers' and Airmens' Home
Special Counsel, Office of
Surface Mining and Reclamation Appeals, Office of
Surface Mining Reclamation and Enforcement, Office of
Surface Transportation Board
Susquehanna River Basin Commission
Technology Administration
Technology Policy, Assistant Secretary of
Technology, Undersecretary for
Tennessee Valley Authority
Thrift Supervision Office
Trade Representative, U.S.
Transportation Dept.
Transportation, Office of
Transportation Safety Administration
Transportation Statistics Bureau
Utah Reclamation Mitigation and Conservation Commission
Veterans Affairs Dept.
Veterans Employment and Training
Wage and Hour Division
Worker's Compensation Programs
That just scratches the surface. I don't even think that the Federal Government knows how many different agencies, departments, offices, etc., that there are. Besides, they always have the Federal Reserve to print money to pay expenses and make payroll, so why should Congress or the President even care?
Go Trump!
You are spreading lies. He did not claim it four times...... I have searched the web over and this just is not true. Provide some specifics or STFU!!
You Lying PoS...
"This could take the form of a 'selective' default. For example, the US government could default on the $2.4 trillion that it owes the Federal Reserve."
That statement caught my attention. It Really is the Only Issue that Really, Truly Matters, even More than "immigration"! Does anyone know his stance regarding the Federal Reserve? Is Trump willing to not Only default the $2.4 trillion "owed" to the Unconstitutional Federal Reserve, but then work towards Abolishing the "Creature"?
If so, then Trump would prove to me that he truly is the right Chimpanzee for the job and I would reverse my opinion and give him my full support! Otherwise, my opinion remains that he is simply another tool of the banksters, no different than all the career politicians.