How do you portray “Kid in a Candy Store”?

A Transcontinental bankrupting “MAGA” debtor businessman turned debtor President of a debtor nation furiously printing fake money preferably embossed with his mug shot

TheTrumpster in USA Exceptionnelle

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merican Son Gaming Her System

Donald John Trump (quoted during a campaign rally): 

“I’ve always loved debt. I must be honest with you…. I don’t love it for countries, but I love it individually.

“If things work out, good; that’s great. If they don’t, you go renegotiate.”

MarketWatch (AP) reporting September 28, 2020

Though Donald Trump “defaulted in 2008 on a loan for his Chicago hotel and condominium tower, …the Frankfurt (Germany)-based Deutsche Bank … continued to do business with him, even after Trump had filed suit against the bank and others whom he blamed for his inability to repay.…” 

Moreover, “Deutsche Bank’s private-banking division continued to lend to Trump, including $125 million to finance the purchase and renovation of his Doral golf resort in 2012….”   

She

H

emorrhages Debt, Hemorrhages Money Hemorrhaging Debt

 Investopedia reporting January 15, 2020

• U.S. Government debt owned by People’s Republic of China (4.6 percent); owned by Japan (5.2 percent).
  

• U.S. Government debt estimate in dollars: $23.4 trillion of which $6 trillion (plus or minus) is owned by the federal government in trust funds.

Government writes itself “a really big IOU— IOUs formed and financed through joint efforts of the U.S. Department of the Treasury and the Federal Reserve—and bankrupts one account to finance another activity.”

• Roughly two-thirds (plus) of U.S. debt is owned by individual investors, corporations, and other public entities—from retirees’ individual United States Treasury securities (a/k/a/ Treasurys) to the government of the People’s Republic of China.

Treasurys are government debt instruments issued by the United States Department of the Treasury to finance government spending as an alternative to taxation.

 

H

er

Money Source

Worth reporting May 7, 2020

Debt Doubles Triples Quadruples ad infinitum  

• “Government issues new debt (much, much more new debt)
• Federal Reserve System (a/k/a/ the Fed) prints money, and buys it.”

 

Out of Reach

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verage Americans cannot afford the candy store of a transcontinental bankrupting “MAGA” debtor businessman turned debtor President of a debtor nation furiously printing fake money preferably embossed with his mug shot.

 Average Americans cannot afford USA Exceptionnelle.

 

 

Sources

MarketWatch (Associated Press) “Report that Trump is $400 million in debt raises national-security concerns” September 28, 2020 Associated Press https://www.marketwatch.com/story/report-that-trump-is-400-million-in-debt-raises-national-security-concerns-01601332900

 Investopedia “Fiscal Policy Government Spending & Debt: How Much U.S. Debt Does China Own?” January 15, 2020 https://www.investopedia.com/articles/investing/080615/china-owns-us-debt-how-much.asp

Worth “A Leveraged Buyout of the US: Why America Can Print Its Way Out of Any Crisis Governments have always been tempted to print their own money to get out of debt, but this wasn’t easy—not until the U.S. dollar became the world’s reserve currency and the gold standard was abandoned.” George Salapa May 7, 2020 https://www.worth.com/a-leveraged-buyout-of-the-us-why-america-can-print-its-way-out-of-any-crisis/

Wikipedia https://en.wikipedia.org/wiki/United_States_Treasury_security

United States Treasury securities often referred to simply as Treasurys; since 2012, U.S. government debt has been managed by the Bureau of the Fiscal Service, succeeding the Bureau of the Public Debt.

 

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