Is Trump going to make president?

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Sedlescombe Sedlescombe 24 Jan 17 1.38pm
Originally posted by .TUX. Ah, so you do know something about economics..........or did you just read something on 'Google' As i was saying (you've yet to answer possibly because you can't?), why does HM Treasury continually choose to NOT print (from thin air) OUR own money but instead choose to use the Bank of England despite the fact it charges US interest? Who in their right mind would do that? (Are you listening Kerm ) What exactly hsve I done to you to earn your withering contempt? Have we crossed swards in the past? Lets just say that I have had the opportunity to study it. The problem with printing money - even money with no apparent cost is one - there is always a cost and two it prevents you from dealing with the underlying problem The one caveat I would make is during some sort of catastrophe such as the banking crisis. If it were so easy the treasury could print enough bank notes to give everyone a million pounds. Every single one of us. We would all be rich and the government would eradicate poverty in an instant. What could possibly go wrong
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Sedlescombe

Sedlescombe 24 Jan 17 1.38pm

Originally posted by .TUX.

Ah, so you do know something about economics..........or did you just read something on 'Google'
As i was saying (you've yet to answer possibly because you can't?), why does HM Treasury continually choose to NOT print (from thin air) OUR own money but instead choose to use the Bank of England despite the fact it charges US interest?
Who in their right mind would do that?

(Are you listening Kerm )

What exactly hsve I done to you to earn your withering contempt? Have we crossed swards in the past? Lets just say that I have had the opportunity to study it.

The problem with printing money - even money with no apparent cost is one - there is always a cost and two it prevents you from dealing with the underlying problem The one caveat I would make is during some sort of catastrophe such as the banking crisis.

If it were so easy the treasury could print enough bank notes to give everyone a million pounds. Every single one of us. We would all be rich and the government would eradicate poverty in an instant.

What could possibly go wrong

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Sedlescombe Sedlescombe 24 Jan 17 1.57pm
Originally posted by Hoof Hearted He got inaugurated on Friday afternoon. It's effectively the 2nd working day of his administration and already he's making a difference to US workers by overturning Obama's trade deal. He will see off all his detractors and as he says "Make America Great Again". I bought some USA based funds a while back which are doing nicely and will continue to do so whilst Trump's actions stimulate the US economy. You can moan and bitch about him, ruing the day he replaced Obama but history will record that he will be a more effective President for trade and working conditions for US citizens than Obama ever was. He has certainly made a difference though whether that is to the good or ill remains to be seen. Free trade has been good for America too it is just that the American political system ensures that the benefits aren't shared out. Certainly the so-called 1% (a cliché I know but it serves a purpose) have done very well out of globalism but have largely kept the proceeds of that to themselves. Which was shy the favoured Clinton because she was good for free trade and also the 1% The problem with protectionists is they want their cake and eat it. They impose restrictions to protect their own market but still want to export around the world - Trump is presumably hoping that 1:1 deals will enable him to impose that on smaller countries. It remains to be seen whether he can. I cant imagine China and the EU lying down on this. Throughout history free trade has brought prosperity (and recently extreme inequality) When has protectionism every brought prosperity? As for Trump improving working conditions? First of all = as the largest economy on the planet the cash is there to improve things now. It doesn't need a new president for that to happen. The US ruling class would just rather keep the money to themselves and in any case when you look at Trumps nominees for his administration - does anyone seriously believe that the Goldman Sachs alumni he's filled it with are going to bust a gut for the little guy? He is a 1% man through and through. The difference with Obama who at least has the excuse for being relatively underwhelming that he had the worst inheritance from his predecessor in about 90 years.
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Sedlescombe

Sedlescombe 24 Jan 17 1.57pm

Originally posted by Hoof Hearted

He got inaugurated on Friday afternoon.

It's effectively the 2nd working day of his administration and already he's making a difference to US workers by overturning Obama's trade deal.

He will see off all his detractors and as he says "Make America Great Again".

I bought some USA based funds a while back which are doing nicely and will continue to do so whilst Trump's actions stimulate the US economy.

You can moan and bitch about him, ruing the day he replaced Obama but history will record that he will be a more effective President for trade and working conditions for US citizens than Obama ever was.

He has certainly made a difference though whether that is to the good or ill remains to be seen. Free trade has been good for America too it is just that the American political system ensures that the benefits aren't shared out. Certainly the so-called 1% (a cliché I know but it serves a purpose) have done very well out of globalism but have largely kept the proceeds of that to themselves. Which was shy the favoured Clinton because she was good for free trade and also the 1%

The problem with protectionists is they want their cake and eat it. They impose restrictions to protect their own market but still want to export around the world - Trump is presumably hoping that 1:1 deals will enable him to impose that on smaller countries. It remains to be seen whether he can. I cant imagine China and the EU lying down on this.

Throughout history free trade has brought prosperity (and recently extreme inequality) When has protectionism every brought prosperity? As for Trump improving working conditions? First of all = as the largest economy on the planet the cash is there to improve things now. It doesn't need a new president for that to happen. The US ruling class would just rather keep the money to themselves and in any case when you look at Trumps nominees for his administration - does anyone seriously believe that the Goldman Sachs alumni he's filled it with are going to bust a gut for the little guy?

He is a 1% man through and through. The difference with Obama who at least has the excuse for being relatively underwhelming that he had the worst inheritance from his predecessor in about 90 years.

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jamiemartin721 Reading 24 Jan 17 4.30pm
Its hardly free trade when the power is so imbalanced in favour of the US. "One Nation Under God, has turned into One Nation Under the Influence of One Drug" [Link]
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jamiemartin721

Reading 24 Jan 17 4.30pm

Its hardly free trade when the power is so imbalanced in favour of the US.

"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
[Link]

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.TUX. 24 Jan 17 4.55pm
Originally posted by Sedlescombe What exactly hsve I done to you to earn your withering contempt? Have we crossed swards in the past? Lets just say that I have had the opportunity to study it. The problem with printing money - even money with no apparent cost is one - there is always a cost and two it prevents you from dealing with the underlying problem The one caveat I would make is during some sort of catastrophe such as the banking crisis. If it were so easy the treasury could print enough bank notes to give everyone a million pounds. Every single one of us. We would all be rich and the government would eradicate poverty in an instant. What could possibly go wrong 1. Nothing at all bud, i just asked one question in response to you posting that the BoE has been 'nationalised' when in fact, as i pointed out, it isn't (in practise, nothing has changed from it's inception many moons ago). 2. You're completely missing my point. It isn't about printing money (from thin air) and handing it out willy nilly, that would obviously be stupid.......unless you happened to own a bank and the money came dressed as QE...........but that's a different story. The question was ''Why does HM Treasury not print OUR own money, but instead choose to allow the BoE to do it BUT at a cost (interest attached) to US?'' It's 'proof' that the BoE is not OUR bank, far from it. Have a good day Buy Litecoin.
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.TUX.

24 Jan 17 4.55pm

Originally posted by Sedlescombe

What exactly hsve I done to you to earn your withering contempt? Have we crossed swards in the past? Lets just say that I have had the opportunity to study it.

If it were so easy the treasury could print enough bank notes to give everyone a million pounds. Every single one of us. We would all be rich and the government would eradicate poverty in an instant.

What could possibly go wrong

1. Nothing at all bud, i just asked one question in response to you posting that the BoE has been 'nationalised' when in fact, as i pointed out, it isn't (in practise, nothing has changed from it's inception many moons ago).
2. You're completely missing my point. It isn't about printing money (from thin air) and handing it out willy nilly, that would obviously be stupid.......unless you happened to own a bank and the money came dressed as QE...........but that's a different story.
The question was ''Why does HM Treasury not print OUR own money, but instead choose to allow the BoE to do it BUT at a cost (interest attached) to US?''
It's 'proof' that the BoE is not OUR bank, far from it.

Have a good day

Buy Litecoin.

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steeleye20 Croydon 24 Jan 17 4.57pm
Originally posted by Hoof Hearted He got inaugurated on Friday afternoon. It's effectively the 2nd working day of his administration and already he's making a difference to US workers by overturning Obama's trade deal. He will see off all his detractors and as he says "Make America Great Again". I bought some USA based funds a while back which are doing nicely and will continue to do so whilst Trump's actions stimulate the US economy. You can moan and bitch about him, ruing the day he replaced Obama but history will record that he will be a more effective President for trade and working conditions for US citizens than Obama ever was. The TPP is still going it will be without the USA but the other countries are continuing. Protectionism is crude and just invites retaliation. What will happen in the South China sea dear H. is Trump withdrawing I don't think so.
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steeleye20

Croydon 24 Jan 17 4.57pm

Originally posted by Hoof Hearted

He got inaugurated on Friday afternoon.

It's effectively the 2nd working day of his administration and already he's making a difference to US workers by overturning Obama's trade deal.

He will see off all his detractors and as he says "Make America Great Again".

I bought some USA based funds a while back which are doing nicely and will continue to do so whilst Trump's actions stimulate the US economy.

The TPP is still going it will be without the USA but the other countries are continuing.

Protectionism is crude and just invites retaliation.

What will happen in the South China sea dear H. is Trump withdrawing I don't think so.

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Kermit8 Hevon 24 Jan 17 5.04pm
During inauguration Trump doing his best to demean his wife and make her cry: [Link] I'm going for 'Shut it, puta'. Big chest and massive boobs [Link]
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Kermit8

Hevon 24 Jan 17 5.04pm

During inauguration Trump doing his best to demean his wife and make her cry:

[Link]

I'm going for 'Shut it, puta'.

Big chest and massive boobs

[Link]

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Sedlescombe Sedlescombe 24 Jan 17 5.22pm
Originally posted by .TUX. 1. Nothing at all bud, i just asked one question in response to you posting that the BoE has been 'nationalised' when in fact, as i pointed out, it isn't (in practise, nothing has changed from it's inception many moons ago). 2. You're completely missing my point. It isn't about printing money (from thin air) and handing it out willy nilly, that would obviously be stupid.......unless you happened to own a bank and the money came dressed as QE...........but that's a different story. The question was ''Why does HM Treasury not print OUR own money, but instead choose to allow the BoE to do it BUT at a cost (interest attached) to US?'' It's 'proof' that the BoE is not OUR bank, far from it. Have a good day I am catching up with the point you were trying to make with regard to whether it is a public body (which it is) From memory that is how the bank of England funds what it does - rather than say charging us 10p for every £1 it issues. And part of any surplus is paid back to the treasury. I think this is one where the way they have structured the institution slightly obscures what is ultimately happening. This is not bank "profiteering" because it is all government income and expenditure
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Sedlescombe

Sedlescombe 24 Jan 17 5.22pm

Originally posted by .TUX.

Have a good day

I am catching up with the point you were trying to make with regard to whether it is a public body (which it is)

From memory that is how the bank of England funds what it does - rather than say charging us 10p for every £1 it issues. And part of any surplus is paid back to the treasury.

I think this is one where the way they have structured the institution slightly obscures what is ultimately happening. This is not bank "profiteering" because it is all government income and expenditure

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Sedlescombe Sedlescombe 24 Jan 17 5.24pm
Originally posted by jamiemartin721 Its hardly free trade when the power is so imbalanced in favour of the US. Though the US isn't any less powerful in unfree trade
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Sedlescombe

Sedlescombe 24 Jan 17 5.24pm

Originally posted by jamiemartin721

Its hardly free trade when the power is so imbalanced in favour of the US.

Though the US isn't any less powerful in unfree trade

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Forest Hillbilly in a hidey-hole 25 Jan 17 8.34am
Trump has surprised me a bit. He has obviously had coaching about speaking in public and presentation, although his Twitter updates need to be muted. What I'm most surprised about (and , in a way , pleased) is that he has employed a lot of his critics. This is going to (hopefully) give some balance. After critiquing the US security services, he is now hugely reliant on them. I won't be surprised if attempt(s) are made on his life "The facts have changed", Rishi Sunak
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Forest Hillbilly

in a hidey-hole 25 Jan 17 8.34am

Send a Private Message to Forest Hillbilly

Trump has surprised me a bit.
He has obviously had coaching about speaking in public and presentation, although his Twitter updates need to be muted.
What I'm most surprised about (and , in a way , pleased) is that he has employed a lot of his critics.
This is going to (hopefully) give some balance.

After critiquing the US security services, he is now hugely reliant on them.
I won't be surprised if attempt(s) are made on his life

"The facts have changed", Rishi Sunak

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nairb75 Baltimore 25 Jan 17 6.45pm
Originally posted by Forest Hillbilly I won't be surprised if attempt(s) are made on his life putin going to get him a dose of polonium if he gets out of line.
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nairb75

Baltimore 25 Jan 17 6.45pm

Originally posted by Forest Hillbilly

I won't be surprised if attempt(s) are made on his life

putin going to get him a dose of polonium if he gets out of line.

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Cucking Funt Clapham on the Back 25 Jan 17 7.55pm
If there's a nuclear war, HMRC will probably get off my back so it's not all doom and gloom. Wife beating may be socially acceptable in Sheffield, but it is a different matter in Cheltenham
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