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Re: donald trump, is he for real? [Re: goombah] #878585
03/17/16 12:06 PM
03/17/16 12:06 PM
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SoCalGangs Offline
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Originally Posted By: goombah
Originally Posted By: SoCalGangs

I cannot for the life of me understand the criticisms people make about Trump's past bankruptcies. I assume those making those Critisims never been involved in multiple business's.


It's actually quite simple. Yes, bankruptcies are a problem for a lot of people in this country. The difference is that Trump is running for office to be the leader of the free world. He can and should be criticized for his bad business decisions that lead to multiple bankruptcies. If he can't run his own businesses properly, how can he make good decisions at the macro level of the federal government?

The stakes are never higher than when it involves someone running for president - end of story.


Wait a minute. How do you know bankruptcy was a bad business decision? Bankruptcy can be used as a rational and strategic way to fall back on restructuring laws. It's a practical business decision.

It is a realistic mentality too, unlike the Orwellian world of Washington DC where you can go 20 Trillion in debt and everyone keeps going like everything's fine when it's not.
The US needs a bankruptcy and a big restructuring. Too bad it won't happen until a crisis hits and is forced to.

Last edited by SoCalGangs; 03/17/16 12:08 PM.
Re: donald trump, is he for real? [Re: Binnie_Coll] #878591
03/17/16 01:27 PM
03/17/16 01:27 PM
Joined: Nov 2006
Posts: 1,841
OC, CA
Faithful1 Offline
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If the US was to go bankrupt can you imagine how much China would try to repossess what it's owed? Countries have fought wars for less, and the US is in debt to China for about 1 to 2 trillion dollars.

Last edited by Faithful1; 03/17/16 01:28 PM.
Re: donald trump, is he for real? [Re: SoCalGangs] #878593
03/17/16 01:31 PM
03/17/16 01:31 PM
Joined: May 2014
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Footreads Offline
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Originally Posted By: SoCalGangs
Originally Posted By: goombah
Originally Posted By: SoCalGangs

I cannot for the life of me understand the criticisms people make about Trump's past bankruptcies. I assume those making those Critisims never been involved in multiple business's.


It's actually quite simple. Yes, bankruptcies are a problem for a lot of people in this country. The difference is that Trump is running for office to be the leader of the free world. He can and should be criticized for his bad business decisions that lead to multiple bankruptcies. If he can't run his own businesses properly, how can he make good decisions at the macro level of the federal government?

The stakes are never higher than when it involves someone running for president - end of story.


Wait a minute. How do you know bankruptcy was a bad business decision? Bankruptcy can be used as a rational and strategic way to fall back on restructuring laws. It's a practical business decision.

It is a realistic mentality too, unlike the Orwellian world of Washington DC where you can go 20 Trillion in debt and everyone keeps going like everything's fine when it's not.
The US needs a bankruptcy and a big restructuring. Too bad it won't happen until a crisis hits and is forced to.


Bingo the car industry did not need a bailout. It could have declared bankruptcy and then restructured.


only the unloved hate
Re: donald trump, is he for real? [Re: Faithful1] #878605
03/17/16 02:46 PM
03/17/16 02:46 PM
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SoCalGangs Offline
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Originally Posted By: Faithful1
If the US was to go bankrupt can you imagine how much China would try to repossess what it's owed? Countries have fought wars for less, and the US is in debt to China for about 1 to 2 trillion dollars.


Economic reality can't be wished away. Only postponed. It could happen the hard way or the very hard way.

Re: donald trump, is he for real? [Re: SoCalGangs] #878626
03/17/16 07:48 PM
03/17/16 07:48 PM
Joined: Nov 2006
Posts: 1,841
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Faithful1 Offline
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Faithful1  Offline
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Originally Posted By: SoCalGangs
Originally Posted By: Faithful1
If the US was to go bankrupt can you imagine how much China would try to repossess what it's owed? Countries have fought wars for less, and the US is in debt to China for about 1 to 2 trillion dollars.


Economic reality can't be wished away. Only postponed. It could happen the hard way or the very hard way.


As a fellow So Cal guy, it's a scary future. But you're probably right. It will create a worldwide depression that will be far worse that the Great Depression. It will also make us all that much more vulnerable to Islamist terrorists as governments will be forced to radically cut back. Think Armageddon.

Re: donald trump, is he for real? [Re: Binnie_Coll] #878672
03/18/16 09:25 AM
03/18/16 09:25 AM
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China's problem is it still needs to buy our dollars.

Our problem is we are still keeping the euro from collapsing by buying them with our dollars. We are printing a trillion a year to do that and for other things.

I predict if Hillary gets elected president the dollar will collapse right after the euro collapses.

Then the new sheep the young kids are going to be very disappointed. So will the middle class more sheep.

It is going to be very interesting.


only the unloved hate
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