[Liberty4eva]

Winning!!!

https://sputniknews.com/business/201...-cuts-us-debt/

US national debt plunged by almost $100 bln since Trump’s inauguration, as the new president’s image as ‘unpredictable’ and ‘aggressive’ affected bond market dynamics.

Kristian Rouz – In the first two months of the Donald Trump presidency, the US national debt has decreased by $68 bln, or 0.3pc, without any substantial effort from the new White House administration.

Fitch Ratings
© FLICKR/ GIDEON BENARI
US Unlikely to Face Debt Ceiling Crisis in 2017 - Fitch
In a rather paradoxical development, the decrease in US debt in mainly driven by the decline in the value of US Treasury bonds and gains in benchmark bond yields, as well as the dollar’s slight devaluation, all motivated by the uncertainty surrounding the impact of Trump’s proposed economic policies.
After a $12-billion decrease in US debt in the first month of the Trump presidency, the burden of indebtedness has eased further in the second month since the inauguration. According to data by Gateway Pundit, on 20 January, US debt was $19,947 bln, whilst on 8 March, the figure decreased to $19,879 bln. Both publicly held debt and intragovernmental holdings have posted slight declines in dollar value.

As of 20 March, US debt stands at $19,849 bln, a decrease of another $30 bln. Even though the Treasury Department data indicate the ongoing and continuous accumulation of US debt, the dramatic dip in the value of US governmental bonds and the dollar FX rate fluctuations have produced the

‘Trump effect’ to national debt without the new president actually having undertaken any substantial effort to relieve the debt pressures yet.

"The massive debt is really a reflection of the unwillingness of our political leaders to make any tough decisions or deal with trade-offs," Maya MacGuineas of the Committee for a Responsible Federal Budget said. "It has become all too commonplace to borrow not for productive investments or for wherever we are in the business cycle… but because people don't want to pay the bills and have found it politically expedient not to do so."

How did such a massive reduction in the US debt happen? First of all, the election of Donald Trump as US President of November 8, 2016, was somewhat of a shock (albeit quite predictable) to financial markets. The benchmark 10-year US Treasury yield increased from 1.8261pc on November 7 to 2.1501pc on November 11, and extended the increase to 2.5pc on March 17. Increases in Treasury yields typically accompany declines in Treasury bond value, which have also been supported by the ongoing selloff of US governmental bonds by foreign holders.

"Net-net, Treasury flows were neutral to slightly positive," Gennadiy Goldberg of TD Securities in New York said.

$10 and the US Treasury
© FLICKR/ RYAN MCFARLAND
New US Treasury Secretary Counting on Massive Tax Cuts to Bring Down National Debt
Trump, having been elected, spooked the markets and foreign investors, thus contributing to the increase in natural US interest rates. Besides, the
US Federal Reserve has since twice increased its base borrowing cost from 0.25-0.5pc in November to the current 0.75-1.00pc. All these factors have resulted in a slight erosion of the value of the US national debt.

Ironically, the scary Trump figure has benefitted the fiscal stance of the US government before any fiscal policy measures have been announced. Trump himself, however, seems to be rather comfortable with debt, seeing leverage as a mere instrument that serves very utilitarian purposes.

"Yeah, I think – look. I have borrowed, knowing that you can pay back with discounts. And I have done very well with debt. Now, of course, I was swashbuckling, and it did well for me and it was good for me and all that. And you know, debt was sort of always interesting to me. Now we're in a different situation with the country. But I would borrow, knowing that if the economy crashed, you could make a deal. And if the economy was good, it was good. So, therefore, you can't lose. It's like, you know, you make a deal before you go into a poker game, and your odds are so much better," Trump said in a CNBC interview on May 5, 2016.

His proposed fiscal stimulus package – including lower income taxes and greater infrastructure spending – would inevitably contribute to an increase in US debt in the near-to-medium term. However, in the long run, as suggested by the Laffer curve model, lower taxes tend to generate greater tax revenues due to higher business activity and increases in the tax base. Besides, Trump-proposed customs tariffs (or border taxes) would make up for the loss of some of the internal revenues in the short-term, producing larger longer-term benefits if the policy stands.

Previously, Trump criticized the mainstream media for failing to report the decrease in US debt under his presidency thus far.

However, the only merit of Donald in regard to national debt is that he has influenced – by simply being himself and saying what he’s been saying – the bond market dynamics in a way that turned out to be beneficial for the US fiscal situation. In other words, Trump is changing the course of US economic development by manipulating his public image and the perception of him as a political figure by market participants.

In the long run, however, this approach of his will have to be backed by solid policy measures in order to be efficient. In the medium-term, the Trump administration is likely to increase borrowing, and the debt will most likely pass the $20 trillion threshold sometime in late 2017 – early 2018. Yet, the subsequent gains in fiscal revenues generated by the expected acceleration in domestic growth, and border taxation of foreign trade flows, might result in declines in the overall levels of the US national debt.

[Toy Soldier]

"Massive" decrease from 19.9 trillion dollars to 19.8 trillion dollars.

[Liberty4eva]

Originally Posted by Toy Soldier

"Massive" decrease from 19.9 trillion dollars to 19.8 trillion dollars.

The last 2 presidents doubled the debt from what they inherited. We'll take any decrease we can get.

[DemolitionRed]

Originally Posted by Liberty4eva

The last 2 presidents doubled the debt from what they inherited. We'll take any decrease we can get.

This isn’t frontline news, but it has been lightly touched on by the economists and jumped on by a few random internet papers that have no understanding of how I.O.U work.

The debt ceiling for the U.S was the 16th of March. That’s when the dollar was due to freeze on its nearly 20 trillion debt. Outsiders haven’t been buying US debt so what’s the score here? Are the Feds printing money into oblivion… printing until deflation gives way or has the whole thing been rigged? I think the later.

Exogenous treasury money (debt free sourced at treasury) and channel it only toward instruments held on fed balance sheets. This means the new U.S. notes never actually enter the money supply.
A trillion dollar coin can be sold by the mint to the Federal reserve. This puts a trillion dollars in the Treasuries account, which is then used to swap/cancel debt.
http://www.zerohedge.com/news/2017-0...nd-halt?page=2

Debt money is fraud invented by fraudsters and the only way Trump is going to survive and keep his dollar buoyant is to find a fraudulent way to balance the books.

[the truth]

Originally Posted by DemolitionRed

This isn’t frontline news, but it has been lightly touched on by the economists and jumped on by a few random internet papers that have no understanding of how I.O.U work.

The debt ceiling for the U.S was the 16th of March. That’s when the dollar was due to freeze on its nearly 20 trillion debt. Outsiders haven’t been buying US debt so what’s the score here? Are the Feds printing money into oblivion… printing until deflation gives way or has the whole thing been rigged? I think the later.

Exogenous treasury money (debt free sourced at treasury) and channel it only toward instruments held on fed balance sheets. This means the new U.S. notes never actually enter the money supply.
A trillion dollar coin can be sold by the mint to the Federal reserve. This puts a trillion dollars in the Treasuries account, which is then used to swap/cancel debt.
http://www.zerohedge.com/news/2017-0...nd-halt?page=2

Debt money is fraud invented by fraudsters and the only way Trump is going to survive and keep his dollar buoyant is to find a fraudulent way to balance the books.

nothing like a green eyed red socialist to try and see only negative in positive news.....I doubt the country at large will be taking economic advice from the red party after they bankrupted us again

[Kizzy]

Originally Posted by the truth

nothing like a green eyed red socialist to try and see only negative in positive news.....I doubt the country at large will be taking economic advice from the red party after they bankrupted us again

Why do you say socialist like it's a bad thing?...

Look at the national debt 2010- present, then come back to me.

[DemolitionRed]

Originally Posted by the truth

nothing like a green eyed red socialist to try and see only negative in positive news.....I doubt the country at large will be taking economic advice from the red party after they bankrupted us again

I follow the dollar because the dollar, believe it or not, is world currency. I'm interested to know how its been decreased by a staggering $100b over a mere couple of months without Trump doing anything!!

Just as we speculate on the Maddie MacCann thread about what happened, I'm speculating how that debt got reduced. We know it wasn't Trump, we know that purchasing U.S debt is at an all time low and that the federal reserve has been in crisis, so what happened?

Green eyed red socialist... now you wouldn't be trying to insult me would you? because if your only argument is to try and insult, instead of coming back at me with intelligent argument, you lose.

[Marsh.]

Kween

[Scarlett.]

One thing I can't fault Trump for is the latest NASA budgetary news.

[the truth]

who cares if he's saved 100 billion in 7 weeks or the stock market has gained 200 billion . he made a rude remark about a woman in 1973 that's all that matters

[Scarlett.]

Originally Posted by the truth

who cares if he's saved 100 billion in 7 weeks or the stock market has gained 200 billion . he made a rude remark about a woman in 1973 that's all that matters

He's made many a rude remark about many different types of people in the last two years

[Marsh.]

Yeah, Trump's biggest fault/crime was back in 1973. Good one Truth.

[Shaun]

A news site named after a Russian space craft? Praising Trump for market shifts he's been around for 2 months of?

[Glenn.]

19 trillion? ****ing Jesus wept

[Toy Soldier]

Originally Posted by Glenn.

19 trillion? ****ing Jesus wept

19.8 Trillion. Although, at least the downward trend means they might not hit that magic 20 mark. Yet.

[Kazanne]

Originally Posted by Liberty4eva

Winning!!!

https://sputniknews.com/business/201...-cuts-us-debt/

US national debt plunged by almost $100 bln since Trump’s inauguration, as the new president’s image as ‘unpredictable’ and ‘aggressive’ affected bond market dynamics.

Kristian Rouz – In the first two months of the Donald Trump presidency, the US national debt has decreased by $68 bln, or 0.3pc, without any substantial effort from the new White House administration.

Fitch Ratings
© FLICKR/ GIDEON BENARI
US Unlikely to Face Debt Ceiling Crisis in 2017 - Fitch
In a rather paradoxical development, the decrease in US debt in mainly driven by the decline in the value of US Treasury bonds and gains in benchmark bond yields, as well as the dollar’s slight devaluation, all motivated by the uncertainty surrounding the impact of Trump’s proposed economic policies.
After a $12-billion decrease in US debt in the first month of the Trump presidency, the burden of indebtedness has eased further in the second month since the inauguration. According to data by Gateway Pundit, on 20 January, US debt was $19,947 bln, whilst on 8 March, the figure decreased to $19,879 bln. Both publicly held debt and intragovernmental holdings have posted slight declines in dollar value.

As of 20 March, US debt stands at $19,849 bln, a decrease of another $30 bln. Even though the Treasury Department data indicate the ongoing and continuous accumulation of US debt, the dramatic dip in the value of US governmental bonds and the dollar FX rate fluctuations have produced the

‘Trump effect’ to national debt without the new president actually having undertaken any substantial effort to relieve the debt pressures yet.

"The massive debt is really a reflection of the unwillingness of our political leaders to make any tough decisions or deal with trade-offs," Maya MacGuineas of the Committee for a Responsible Federal Budget said. "It has become all too commonplace to borrow not for productive investments or for wherever we are in the business cycle… but because people don't want to pay the bills and have found it politically expedient not to do so."

How did such a massive reduction in the US debt happen? First of all, the election of Donald Trump as US President of November 8, 2016, was somewhat of a shock (albeit quite predictable) to financial markets. The benchmark 10-year US Treasury yield increased from 1.8261pc on November 7 to 2.1501pc on November 11, and extended the increase to 2.5pc on March 17. Increases in Treasury yields typically accompany declines in Treasury bond value, which have also been supported by the ongoing selloff of US governmental bonds by foreign holders.

"Net-net, Treasury flows were neutral to slightly positive," Gennadiy Goldberg of TD Securities in New York said.

$10 and the US Treasury
© FLICKR/ RYAN MCFARLAND
New US Treasury Secretary Counting on Massive Tax Cuts to Bring Down National Debt
Trump, having been elected, spooked the markets and foreign investors, thus contributing to the increase in natural US interest rates. Besides, the
US Federal Reserve has since twice increased its base borrowing cost from 0.25-0.5pc in November to the current 0.75-1.00pc. All these factors have resulted in a slight erosion of the value of the US national debt.

Ironically, the scary Trump figure has benefitted the fiscal stance of the US government before any fiscal policy measures have been announced. Trump himself, however, seems to be rather comfortable with debt, seeing leverage as a mere instrument that serves very utilitarian purposes.

"Yeah, I think – look. I have borrowed, knowing that you can pay back with discounts. And I have done very well with debt. Now, of course, I was swashbuckling, and it did well for me and it was good for me and all that. And you know, debt was sort of always interesting to me. Now we're in a different situation with the country. But I would borrow, knowing that if the economy crashed, you could make a deal. And if the economy was good, it was good. So, therefore, you can't lose. It's like, you know, you make a deal before you go into a poker game, and your odds are so much better," Trump said in a CNBC interview on May 5, 2016.

His proposed fiscal stimulus package – including lower income taxes and greater infrastructure spending – would inevitably contribute to an increase in US debt in the near-to-medium term. However, in the long run, as suggested by the Laffer curve model, lower taxes tend to generate greater tax revenues due to higher business activity and increases in the tax base. Besides, Trump-proposed customs tariffs (or border taxes) would make up for the loss of some of the internal revenues in the short-term, producing larger longer-term benefits if the policy stands.

Previously, Trump criticized the mainstream media for failing to report the decrease in US debt under his presidency thus far.

However, the only merit of Donald in regard to national debt is that he has influenced – by simply being himself and saying what he’s been saying – the bond market dynamics in a way that turned out to be beneficial for the US fiscal situation. In other words, Trump is changing the course of US economic development by manipulating his public image and the perception of him as a political figure by market participants.

In the long run, however, this approach of his will have to be backed by solid policy measures in order to be efficient. In the medium-term, the Trump administration is likely to increase borrowing, and the debt will most likely pass the $20 trillion threshold sometime in late 2017 – early 2018. Yet, the subsequent gains in fiscal revenues generated by the expected acceleration in domestic growth, and border taxation of foreign trade flows, might result in declines in the overall levels of the US national debt.

It's moving in the right direction Liberty,I bet the news channels aren't reporting that much,too busy digging for dirt.

[rk3388]

wait until the world is forced to move to renewable energy and AFRICA is making larger advancements in renewable tech than America. The US will be forced to all of a sudden shut down all coal and fossil fuels. See how that impacts the US debt.

[rk3388]

capitalism is just not working out though. What kind of world are we living in when over half the world is living in poverty while an elite few call all the shots. I think we convince ourselves that everything is okay.

[the truth]

Originally Posted by rk3388

capitalism is just not working out though. What kind of world are we living in when over half the world is living in poverty while an elite few call all the shots. I think we convince ourselves that everything is okay.

because its not capitalism at all its corporate cartels and deregulated monopolies with no healthy competition...empowered by politicians (paid off lobbyists) and the european union

[Kizzy]

Originally Posted by the truth

because its not capitalism at all its corporate cartels and deregulated monopolies with no healthy competition...empowered by politicians (paid off lobbyists) and the european union

It is capitalism, venture capitalism. Richard Branson and the Barclays are two mahoosive cogs in that very British machine.

[Brillopad]

Originally Posted by rk3388

capitalism is just not working out though. What kind of world are we living in when over half the world is living in poverty while an elite few call all the shots. I think we convince ourselves that everything is okay.

It is no coincidence that the majority of countries living in poverty are bogged down in superstition and primitive religious practice. Such cultures are a breeding ground for dictatorships and violence.

The West are not responsible for the ills of countries/continents still living in the past and refusing to move on. These people are often their own worst enemies and need to do more to help themselves otherwise nothing will ever change.

The West spend billions every year to help but change needs to come from within. Therein lies the problem.

[the truth]

Originally Posted by Brillopad

It is no coincidence that the majority of countries living in poverty are bogged down in superstition and primitive religious practice. Such cultures are a breeding ground for dictatorships and violence.

The West are not responsible for the ills of countries/continents still living in the past and refusing to move on. These people are often their own worst enemies and need to do more to help themselves otherwise nothing will ever change.

The West spend billions every year to help but change needs to come from within. Therein lies the problem.

the problem isnt religion as such, its the old testament and its a particulalry warped interpretation of the curan, whereas the new testament is infinitely more enlightened. Thats why the west is so much more civilised , we have a pretty great country built in large part on Christianity. Given a choice between Christianity and islam, Its Jesus all the way for me. But of course due to political correctness were not allowed to say that in the mainstream

[iloveaisleyne]

It's a shame he's a sexist and a racist

[the truth]

Originally Posted by iloveaisleyne

It's a shame he's a sexist and a racist

no he is not, hes just protect the public as all governments should do, he employs thousands of women too and theyre delighted to work for him, its a shame people get away with wrongly labelling people the way you just did, a reverse bigotry

[iloveaisleyne]

Originally Posted by the truth

no he is not, hes just protect the public as all governments should do, he employs thousands of women too and theyre delighted to work for him, its a shame people get away with wrongly labelling people the way you just did, a reverse bigotry

sure about that?

• His ex-wife, Ivana, said she was “violated,” by Trump during their marriage, and use the word “rape,” to describe a particular incident. She later said she didn’t use the word rape in a literal sense, but still says that she “felt violated.” Michael Cohen, special counsel at The Trump Organization, defended Trump by saying “You cannot rape your spouse.”
  
• In response to unreported sexual assault in the military Donald Trump commented “What do these geniuses expect when they put men and women together.”
• “It’s certainly not groundbreaking news that the early victories by the women on ‘The Apprentice’ were, to a very large extent, dependent on their sex appeal.” - From his 2004 book How to Get Rich
  
• “You know, it doesn’t really matter what the media write as long as you’ve got a young and beautiful piece of ass.” - From and interview in Esquire magazine
  
• “I mean, we could say politically correct that look doesn’t matter, but the look obviously matters, like you wouldn’t have your job if you weren’t beautiful.” - Trump to a female reporter
  
• When lawyer Elizabeth Beck requested a break from a 2011 deposition to pump breast milk, “He got up, his face got red, he shook his finger at me and he screamed, ‘You’re disgusting, you’re disgusting,’ and he ran out of there,” according to Beck.
  
• “If Hillary Clinton can’t satisfy her husband what makes her think she can satisfy America.” - Now deleted Tweet by Donald Trump
  
• According to New York Times columnist Gail Collins “During one down period, I referred to him in print as a ‘financially embattled thousandaire’ and he sent me a copy of the column with my picture circled and ‘The Face of a Dog!’ written over it.”
  
• Trump said that Arianna Huffington, founder and editor-in-chief of the Huffington Post, “is unattractive both inside and out. I fully understand why her former husband left her for a man- he made a good decision.”
  
• Talking about Megyn Kelly at the debates: “She gets out and she starts asking me all sorts of ridiculous questions… You could see there was blood coming out of her eyes, blood coming out of her wherever.”
  
• About his own daughter: “she does have a very nice figure. I’ve said if Ivanka weren’t my daughter, perhaps I’d be dating her.“
  
• “You know who’s one of the great beauties of the world, according to everybody? And I helped create her. Ivanka. My daughter, Ivanka. She’s 6 feet tall, she’s got the best body.
  
• “I’ve known Paris Hilton from the time she’s 12. Her parents are friends of mine, and, you know, the first time I saw her, she walked into the room and I said, ‘Who the hell is that?’ … Well, at 12, I wasn’t interested. I’ve never been into that. They’re sort of always stuck around that 25 category.”
  
• Gloria Allred represented Ms. USA contestant Jenna Talackova, a trans woman, and said that Trump needs to stop focusing so much on genitals after he joked about her client. He told TMZ “I think Gloria Allred would be very, very, very, very impressed with my penis. I think she would have a whole new image of Donald Trump.”
  
• “Excuse me, you dropped to your knees? It must be a pretty picture. You dropping to your knees.” Trump said in response to Brande Roderick on an episode of “Celebrity Apprentice.
  
• Trump on women: “You have to treat ’em like sh*t.” – direct quote from New York Magazine.
  
• “She’s not giving me 100 percent. She’s giving me 84 percent, and 16 percent is going towards taking care of children.” TIME issue May 2011

These don't even scratch the surface. Not to mention his views on abortion, contraception, equal pay etc...