We need to go through a bankruptcy court and who has more experience than Donald ? Negotiating 18T$ bankruptcy is not an easy task. I am sure Donald could get us one cent on the dollar and/or 10 year asset freeze of the creditors jumpstarting the economy. Maybe even sound money after that.
What good would it do? If it were possible, the same $#@! would just start all over again at twice the current rate.Originally Posted by timosman
We need to go through a bankruptcy court and who has more experience than Donald ? Negotiating 18T$ bankruptcy is not an easy task. I am sure Donald could get us one cent on the dollar and/or 10 year asset freeze of the creditors jumpstarting the economy. Maybe even sound money after that.
"The Patriarch"
Maybe then we would realize how insane our economic policies are ?
Ha!
"The Patriarch"
His approach wouldn't save it. No way. The best it could do is maybe, just maybe, give us more time to get things in order at the state and local level. I don't think anything is going to be fixed from the federal level.
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Open Borders: A Libertarian Reappraisal or why only dumbasses and cultural marxists are for it.
Cultural Marxism: The Corruption of America
The Property Basis of Rights
Bankruptcy is designed to protect debtors from legal action by creditors and to protect creditors from each other. As for the first function, the US can protect itself from creditors by simply telling them to $#@! off. It doesn't need an order from a bankruptcy court. The second function is designed to cut up the pie of the bankrupt estate in a manner that is fair to the creditors. But the criteria used by bankruptcy courts (contractual rights, security interests, statutory priorities, etc.) don't make any sense in the context of a US government bankruptcy.
A reorganization of the US government would need a procedure somewhat like a bankruptcy but conducted with its own set of politically-selected criteria. For example, it might say "The Fed gets nothing. Foreign governments get nothing. All assets other than essential buildings and defense infrastructure and weapons are liquidated. US citizens holding notes get 100 cents on the dollar. Certain people who are totally dependent on government programs get some kind of buyout. If there is anything left, foreign individuals get some percentage of their investment." And so on . . .
The proper concern of society is the preservation of individual freedom; the proper concern of the individual is the harmony of society.
"Who would be free, themselves must strike the blow." - Byron
"Who overcomes by force, hath overcome but half his foe." - Milton
I wouldn't be surprised if he proposed using eminent domain to take over Mexico; bringing all those factories "home"...
Don't let others get you down. Not naysayers, not pretenders, not appeasers, not opportunists; none of em.
What others do pales beside what YOU do.
Press on! - The r3VOLution continues...
"Nothing in this world can take the place of persistence.Talent will not; nothing is more common than unsuccessful people with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan 'press on' has solved and always will solve the problems of the human race."
~ C.Coolidge
Donald is very good at making deals. And I have a sneaking suspicion that if elected, he's going to use our military as a negotiating tool. Possibly our nuclear arsenal too. If he can threaten a country with annihilation, imagine how good a deal he can get out of them?
This is very dangerous long term of course. If we escalate military, and in particular nuclear tensions, we might find ourselves in a horrible situation. In particular if the countries we're negotiating with become economically isolated from us due to trade barriers.
LOL! something funny but serious in that.I wouldn't be surprised if he proposed using eminent domain to take over Mexico; bringing all those factories "home"...
The Creature from Jekyll Island:
We're being governed ruled by a geriatric Alzheimer patient/puppet whose strings are being pulled by an elitist oligarchy who believe they can manage the world... imagine the utter maniacal, sociopathic hubris!
Trump couldn't even save the Trump Shuttle.
And if he declares bankruptcy, the receiver might award the Chinese New York City and Washington. Which is actually kind of tempting, isn't it...?
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