MAGAThread XVI: Raising the Barr

[Valrifell]

Trump says Fed ‘boneheads’ should cut interest rates to zero ‘or less,’ US should refinance debt

Oh, my brain! This is a terrible idea that should be scrapped. This would no doubt hurt the economy.

Not to mention, wouldn't lowering interest rates basically undermine his argument that the economy is the strongest across the globe? Just saying.

Quick question from the economically illeterate (I.E. me) but is a negative interest rate a thing that even makes sense, conceptually?

[Philjia]

Trump says Fed ‘boneheads’ should cut interest rates to zero ‘or less,’ US should refinance debt

Oh, my brain! This is a terrible idea that should be scrapped. This would no doubt hurt the economy.

Not to mention, wouldn't lowering interest rates basically undermine his argument that the economy is the strongest across the globe? Just saying.

Quick question from the economically illeterate (I.E. me) but is a negative interest rate a thing that even makes sense, conceptually?

Excess reserves (That is to say, reserves of a commercial bank held in a central bank which are in excess of the reserve minimum set by the central bank) can (and have been) be held at a negative interest rate to encourage commercial lending but it's a highly unconventional policy usually reserved for periods of severe economic stagnation.

[Great Confederacy of Commonwealth States]

Trump says Fed ‘boneheads’ should cut interest rates to zero ‘or less,’ US should refinance debt

Oh, my brain! This is a terrible idea that should be scrapped. This would no doubt hurt the economy.

Not to mention, wouldn't lowering interest rates basically undermine his argument that the economy is the strongest across the globe? Just saying.

Quick question from the economically illeterate (I.E. me) but is a negative interest rate a thing that even makes sense, conceptually?

If you put your money in an account when there is a negative interest rate, you actually pay the bank for the privilege of storing your money, unlike normally where you get interest for storing your money with the bank.

It's a disincentive for saving, and it generally leads to massive and risky investment, as well as investment in gold and real estate, because literally not doing anything with your money would be more beneficial than leaving it on a savings account.

Generally, you only want to do this when there is a fear of deflation. While inflation is a reason to get a bit miffed, deflation is absolutely catastrophic because decreasing prices lead to people hoarding their money in order to wait for the lowest price possible, somewhere in the future. This decreases current demand, which only decreases prices further, throwing a country into a spiral. The EU had to implement negative interests last year because there was a fear of deflation. If there is no fear of deflation, it's a very heavy handed measure sure to overheat the economy/

[Zurkerx]

Trump says Fed ‘boneheads’ should cut interest rates to zero ‘or less,’ US should refinance debt

Oh, my brain! This is a terrible idea that should be scrapped. This would no doubt hurt the economy.

Not to mention, wouldn't lowering interest rates basically undermine his argument that the economy is the strongest across the globe? Just saying.

Quick question from the economically illeterate (I.E. me) but is a negative interest rate a thing that even makes sense, conceptually?

Quick question from the economically illeterate (I.E. me) but is a negative interest rate a thing that even makes sense, conceptually?

Excess reserves (That is to say, reserves of a commercial bank held in a central bank which are in excess of the reserve minimum set by the central bank) can (and have been) be held at a negative interest rate to encourage commercial lending but it's a highly unconventional policy usually reserved for periods of severe economic stagnation.

Yeah, negative interest rates are only reserved for dire economic situations and for the short term maybe fine but if they continued for a long term purpose, their prolong effects can damage the economy and drive investors away. Really, you only do them as a last resort. To put it in perspective, the US has never had negative interest rates and if we do, you'll know we're in deep shit. Hence why Trump is economically a moron on this.

Now, if Democrats were smart, they would pounce on this and say "Hey look, Trump claims the economy is the best but yet, he wants to do these measures that are only reserve for a weakening economy. Folks, the Trump economy is going down and it's going to hurt you!" See? How hard was that?

[Great Confederacy of Commonwealth States]

Quick question from the economically illeterate (I.E. me) but is a negative interest rate a thing that even makes sense, conceptually?

Excess reserves (That is to say, reserves of a commercial bank held in a central bank which are in excess of the reserve minimum set by the central bank) can (and have been) be held at a negative interest rate to encourage commercial lending but it's a highly unconventional policy usually reserved for periods of severe economic stagnation.

Yeah, negative interest rates are only reserved for dire economic situations and for the short term maybe fine but if they continued for a long term purpose, their prolong effects can damage the economy and drive investors away. Really, you only do them as a last resort. To put it in perspective, the US has never had negative interest rates and if we do, you'll know we're in deep shit. Hence why Trump is economically a moron on this.

Now, if Democrats were smart, they would pounce on this and say "Hey look, Trump claims the economy is the best but yet, he wants to do these measures that are only reserve for a weakening economy. Folks, the Trump economy is going down and it's going to hurt you!" See? How hard was that?

However, this would first require a 30 minute lecture on the way central banks operate, how interest rates and savings affect supply and demand, and how that plays into inflation and deflation.

[Zurkerx]

Yeah, negative interest rates are only reserved for dire economic situations and for the short term maybe fine but if they continued for a long term purpose, their prolong effects can damage the economy and drive investors away. Really, you only do them as a last resort. To put it in perspective, the US has never had negative interest rates and if we do, you'll know we're in deep shit. Hence why Trump is economically a moron on this.

Now, if Democrats were smart, they would pounce on this and say "Hey look, Trump claims the economy is the best but yet, he wants to do these measures that are only reserve for a weakening economy. Folks, the Trump economy is going down and it's going to hurt you!" See? How hard was that?

However, this would first require a 30 minute lecture on the way central banks operate, how interest rates and savings affect supply and demand, and how that plays into inflation and deflation.

Well then, looks like I'll have to get the crayons out and draw some pretty pictures. Pretty pictures help people understand, like Trump. But I'm sure they can simply the message just enough for people to understand. I mean, if Trump can do it, why can't they?

[Evil Dictators Happyland]

Yeah, negative interest rates are only reserved for dire economic situations and for the short term maybe fine but if they continued for a long term purpose, their prolong effects can damage the economy and drive investors away. Really, you only do them as a last resort. To put it in perspective, the US has never had negative interest rates and if we do, you'll know we're in deep shit. Hence why Trump is economically a moron on this.

Now, if Democrats were smart, they would pounce on this and say "Hey look, Trump claims the economy is the best but yet, he wants to do these measures that are only reserve for a weakening economy. Folks, the Trump economy is going down and it's going to hurt you!" See? How hard was that?

However, this would first require a 30 minute lecture on the way central banks operate, how interest rates and savings affect supply and demand, and how that plays into inflation and deflation.

I don't think it would. Fully explaining any economic principle is ridiculously complicated because of the way that economics as a science works, but you don't need to fully explain how the economy works in order to point out that negative interest rates are only used when the economy is doing badly.

[Gravlen]

Trump explains that part of his reason for ousting his National Security Adviser Bolton was that Kim Jong Un "wanted nothing to do with John Bolton".

[Austria-Bohemia-Hungary]

Trump explains that part of his reason for ousting Bolton was that Kim Jong Un "wanted nothing to do with John Bolton".

So Kim the Third presumably wrote a nice letter to The Donald outlining his views on the American National Security Advisor and one week later Bolton is packing his bags...
Is this even legal?

[Gravlen]

Trump explains that part of his reason for ousting Bolton was that Kim Jong Un "wanted nothing to do with John Bolton".

So Kim the Third presumably wrote a nice letter to The Donald outlining his views on the American National Security Advisor and one week later Bolton is packing his bags...
Is this even legal?

Trump is in love, legality doesn't figure into it.

[Gormwood]

So Kim the Third presumably wrote a nice letter to The Donald outlining his views on the American National Security Advisor and one week later Bolton is packing his bags...
Is this even legal?

Trump is in love, legality doesn't figure into it.

If Kim sends a boudoir pic then we know he wants Donny to pull the U.S. out of South Korea in time for an invasion.

[The Black Forrest]

Trump says Fed ‘boneheads’ should cut interest rates to zero ‘or less,’ US should refinance debt

Oh, my brain! This is a terrible idea that should be scrapped. This would no doubt hurt the economy.

Not to mention, wouldn't lowering interest rates basically undermine his argument that the economy is the strongest across the globe? Just saying.

Hmmm. What are the odds the banks will refinance my house at a zero rate?

I think I have better chances to win the lottery.

[San Lumen]

Trump says Fed ‘boneheads’ should cut interest rates to zero ‘or less,’ US should refinance debt

Oh, my brain! This is a terrible idea that should be scrapped. This would no doubt hurt the economy.

Not to mention, wouldn't lowering interest rates basically undermine his argument that the economy is the strongest across the globe? Just saying.

and if they dont to it who wants to bet he fires the fed chair for not saying "Yes sir."

[North German Realm]

Trump explains that part of his reason for ousting his National Security Adviser Bolton was that Kim Jong Un "wanted nothing to do with John Bolton".

Honestly at this point the only reason why this individual of high intellect is still alive is because of hyperpartisanship.

[Austria-Bohemia-Hungary]

So Kim the Third presumably wrote a nice letter to The Donald outlining his views on the American National Security Advisor and one week later Bolton is packing his bags...
Is this even legal?

Trump is in love, legality doesn't figure into it.

So... we're now possibly firing senior advisers to the president on the... comments made by the enemies of the United States...
Who are we owning now? <.>

[Cannot think of a name]

Sorry, can't get past the 'we should refinance our debt' part as the President of the United States thinks the national debt is a bank loan and not treasury bonds. How's he going to sharpie his way out of that one?

[The Black Forrest]

Sorry, can't get past the 'we should refinance our debt' part as the President of the United States thinks the national debt is a bank loan and not treasury bonds. How's he going to sharpie his way out of that one?

Well? Maybe this is on Wharton which was supposed to be a good school.....

[Telconi]

Trump explains that part of his reason for ousting his National Security Adviser Bolton was that Kim Jong Un "wanted nothing to do with John Bolton".

Probably the better choice TBH. If Bolton was inhibiting negotiations with the North because he was constantly telling Trump we ought to invade them, then getting Bolton's bad influence out of there might be helpful.

[North German Realm]

Sorry, can't get past the 'we should refinance our debt' part as the President of the United States thinks the national debt is a bank loan and not treasury bonds. How's he going to sharpie his way out of that one?

He's not. The group that support him continue to support him no matter what, probably do the "are you TrIGErRED SjW???!?" routine they always do. Five days later it falls into the realm of obscurity when the next inevitable fuck up shows up, and we'll never speak of it again. Years later, people will think the entirety of the 2016-2020 (2024?) was just one continuous meme that we played.

[The Black Forrest]

Trump explains that part of his reason for ousting his National Security Adviser Bolton was that Kim Jong Un "wanted nothing to do with John Bolton".

Probably the better choice TBH. If Bolton was inhibiting negotiations with the North because he was constantly telling Trump we ought to invade them, then getting Bolton's bad influence out of there might be helpful.

You really think there are serious negotiations?

I think it was more of a case of Bolton making the mistake of saying NK was our enemy in front of Trump.

[Austria-Bohemia-Hungary]

Trump explains that part of his reason for ousting his National Security Adviser Bolton was that Kim Jong Un "wanted nothing to do with John Bolton".

Probably the better choice TBH. If Bolton was inhibiting negotiations with the North because he was constantly telling Trump we ought to invade them, then getting Bolton's bad influence out of there might be helpful.

There are serious negotiations going on with a failed state who has been playing the region and the United States since at least the fall of the Soviet Union?

[Telconi]

Probably the better choice TBH. If Bolton was inhibiting negotiations with the North because he was constantly telling Trump we ought to invade them, then getting Bolton's bad influence out of there might be helpful.

You really think there are serious negotiations?

I think it was more of a case of Bolton making the mistake of saying NK was our enemy in front of Trump.

Why are you defending Bolton now? The guy's a warmongering asshole that brings nothing to the table except urging Trump to invade every country on the extensive John Bolton shit list.

[North German Realm]

You really think there are serious negotiations?

I think it was more of a case of Bolton making the mistake of saying NK was our enemy in front of Trump.

Why are you defending Bolton now? The guy's a warmongering asshole that brings nothing to the table except urging Trump to invade every country on the extensive John Bolton shit list.

I hate that MEK supporting walrus as much as the next guy, but the theory (not necessarily fact, though nobody has actually gone against it here yet) that Donald Trump -the POTUS- basically fired a National Security Advisor due to influence from a country that is pretty much as close to an enemy as the US currently has is one that needs to be expanded. Today he fires the walrus. Who does he fire next?

[Telconi]

Why are you defending Bolton now? The guy's a warmongering asshole that brings nothing to the table except urging Trump to invade every country on the extensive John Bolton shit list.

I hate that MEK supporting walrus as much as the next guy, but the theory (not necessarily fact, though nobody has actually gone against it here yet) that Donald Trump -the POTUS- basically fired a National Security Advisor due to influence from a country that is pretty much as close to an enemy as the US currently has is one that needs to be expanded. Today he fires the walrus. Who does he fire next?

Kim is trash, and his regime is trash. But if they said Bolton should go, they're not wrong.

[The Black Forrest]

You really think there are serious negotiations?

I think it was more of a case of Bolton making the mistake of saying NK was our enemy in front of Trump.

Why are you defending Bolton now? The guy's a warmongering asshole that brings nothing to the table except urging Trump to invade every country on the extensive John Bolton shit list.

It’s not really a defense. More like a sour I am going to be sick taste in my mouth.

Bolton should never have been brought back.

Trump has to be evaluated on everything he says. The fact he fired him because of bad policy? Not in the sense of the word. More like he didn’t blindly follow Trump.

Even in Bolton’s case. He is what he is. You really don’t hear him saying he is the best of everything, cares about everybody and will make things better for everybody......