No. of Recommendations: 5
Give Trump enough time, he will push America into default.
The only thing Trump is good at is declaring BK. As offered, from time to time, on the Fool, in today's Shinyland, bankruptcy is not failure, it's a business plan. We see it the most in the PE model: get the company hip deep in debt, siphon all the money out with consulting fees, management fees,and fees fees. After all the borrowed money has been sucked out of the company, dump it into Chapter 7, and go looking for the next company to strip.
So his nibs is doing the same to Shinyland: ramping up the debt, while lining the pockets of himself and his cronies. Then walk away, while the next bunch has to deal with a country stripped of assets.
By the way, Lord Trump says the tariffs enable the farm bailout.
Trump says his farm bailout 'would not be possible without tariffs.' His critics agree.https://finance.yahoo.com/news/trump-says-his-farm...Let's dissect: tariffs, like other regressive taxes, take the most from the Proles. So take a bit of the tariff revenue and give it to a favored sub-group of Proles, farmers, while the bulk of the loot is redirected to the "JCs".
Steve
