Quote:
Originally Posted by Joshua G
by the way, thommy.
the FED, during the great depresion, DID NOT EXPAND THE MONEY SUPPLY! thereby adding fuel to the fire.
thats what bernanke did in 2009, & the reason USA recovered from bush crash. he expanded the money supply to correct the holes created by speculative excess.
this part of economics is clearly out of your league, or you would have done better than post wikipedia as your basis for trump crashing the economy.
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I believe it is waste of time to explain to you what you canīt understand or do not want to understand.
there are no new jobs around and there will not be new jobs.
alone in the US tourist industry, there will be 500.000 people lose their jobs because trump killed the tourism.
his unlogic "bring back jobs to USA-dream" will end up in such high prices that people will spend less - spend less will cost jobs.
you say that us have not a hundert billion trade deficit - where did you get this information? the us trade deficit in 2016 was 502 BILLION. the us debts are over 20 TRILLION dollars and trump wants to give tax-presents to the multis.
the debt of private households is on a new all-time high of more than 60 trillion dollar.
Private provision is hardly possible due to low interest rates. But an increase in interest rates would again have a negative impact on the borrowers who have supported the US economy over the last few years. A new real estate crisis would lead to a new banking crisis.
trump has deregulated the financial market and speculation is visible in the stocks markets. there is already a bubble and it will explode.
but why do i explain you that? you will see it with your own eyes because any economy - without exception - is subject to the same economic rules. The USA has disguised decades of deficit by simply printing money what is not back upped by any values.
Unhappily the bankruptcy of america would tear the whole world with itself because the same world has accepted this game for decades and is now a believer of a bankrupt counry.