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Gary Cohn was 'astounded at Trump's lack of basic understanding' about the federal debt

[quote]President Donald Trump suggested that since interest rates were going up, the US government should simply borrow massive amounts of money.[/quote]

[quote]When Gary Cohn explained that increasing borrowing would push up the federal deficit, [b]Trump suggested simply printing more money to pay off the debt[/b].[/quote]

This is pretty much the Venezuelan model.



https://www.google.ca/amp/s/amp.businessinsider.com/bob-woodward-book-trump-federal-debt-printing-money-2018-9
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lorne13 · 61-69, M
Anyone who could bankrupt a casino AND get its license revoked could ruin anything
eatpraylove · 56-60, F
@lorne13 if a rich guy has 100 buildings and 50 businesses, and he bankrupts 10 of them. he is a huge success. its like a great quarterback never throwing an interception, please name that guy. or that baseball guy, you know, the one that never struck out, what was his name?
lorne13 · 61-69, M
@eatpraylove he is a stupid narcissistic moron, he couldn't make a profit on anything, the proof is in the sinple fact that if he had just invested the milliobs he inherited in an average mutual fund and spent his life grabbin pussies on a beach, he"d be a lot richer
WoodyAq · M
@eatpraylove What business has he had that he hasn't bankrupted?

The reason Trump is a "great success" is because he's laundered money for the Russian mob, and hasn't gone to prison for it yet.
whowasthatmaskedman · 70-79, M
True.. But no player every walked off the field after they missed a shot and stiffed the crowd and their own team for the money.@eatpraylove
eatpraylove · 56-60, F
@WoodyAq doesn't he have resorts and hotels and office buildings all over the world? and country clubs???
WoodyAq · M
@eatpraylove He has a management company that puts his name on things other people own, or have built. Most of his other ventures have gone bust.

Insofar as he owns stuff, the majority of his wealth was inherited, or due to organized crime.
whowasthatmaskedman · 70-79, M
In fact he is not a businessman. He is a BRAND.. and a Kmart one at that.@WoodyAq
WoodyAq · M
@whowasthatmaskedman well, maybe if Kmart carried gaudy gold bathroom fixtures...
whowasthatmaskedman · 70-79, M
"All that glitters is not gold"@WoodyAq