As we all know, Trump filed for bankruptcy 4 times. He is a master at running of with other people’s money! He understands debt! He borrowed to build his empire.
“I’m the king of debt. I’m great with debt. Nobody knows debt better than me,” Trump told Norah O’Donnell in an interview that aired on “CBS This Morning.” “I’ve made a fortune by using debt, and if things don’t work out I renegotiate the debt. I mean, that’s a smart thing, not a stupid thing.”
“How do you renegotiate the debt?” O’Donnell followed up.
“You go back and you say, hey guess what, the economy crashed,” Trump replied. “I’m going to give you back half.”
Well, here’s the plan.
They want to ‘pick’ on Iran (and Iranians). Cause some sort of a contrived skirmish. i.e. manufacture a crisis. Then oil tankers will suddenly not be able to flow through the Persian Gulf or the Red Sea – and voila… for a while Oil prices will peak. Every time that happens, it causes massive inflation.
The price of oil and inflation are often seen as being connected in a cause-and-effect relationship. … For example, if the price of oil rises, then it will cost more to make plastic, and a plastics company will then pass on some or all this cost to the consumer, which raises prices and thus inflation!
And with the rise of inflation, the value of U.S. treasury bills will tank! And those who own these treasury bills will be screwed. So, China owns all this debt, but the value of their debt will be quickly halved; while at the same time (because of inflation) the overall growth of money in the economy will double!! The paper is still worth what they paid for it, but, everything else in the economy is double the price. They’re screwed.
Iran is merely a convenient punching bag. Trump is manufacturing a crisis to save the U.S. economy from its heavy debt burden. It’s a game. A short-term pain inflicted on the world (and Iran), designed to save the economies of the West.
That’s the plan. He’s a crook masquerading as a politician. And he won’t do a damn thing for Iran. Nor, by the way the U.S. – because; the net outcome of this will be create an economic catastrophe, and it would break 225 years of ironclad trust that the American economy has with Americans and with the rest of the world. No one will lend money to the U.S. again.
Obama’s plan was to slowly pay down the debt. And it worked. It’s the Republicans that borrow a shit load of cash to finance their wars. They run deficits for nothing! Trump’s game is very dangerous and will spell the end of U.S. global supremacy. Everyone in key positions of leadership around the world gets it. Even China now is borrowing heavily so that they can play along when the ‘war’ breaks out. But in the end, the world will slowly but shift away from relying on U.S. support, technology and products.
This isn’t the way to make America “Great” again, by stealing other people’s money and picking a fight with innocent, decent, and defenseless people of Iran – who have done nothing to the U.S.! Pick on someone else. Play your games somewhere else.