Will Trump go to prison?

I've probably missed it, but who has called them white supremacists?

I've probably missed it, but who has called them white supremacists?

No.

But why would a Black Cuban-American be the leader of a "White Supremacist" organisation?

According to Wilfred Reilly, a Political Scientist at Kentucky State Univetsity, who is also Black, has said that about 20% of the Proud Boys members are from minority groups.

They maybe a right leaning group with a Western Chauvinism philosophy, but thats not the same as White Supremacy.

Claiming they're White Supremacists, where 20% of its members are Black & Hispanic and are headed by a Black Cuban-American doesn't make any sense whatsoever.

No.

But why would a Black Cuban-American be the leader of a "White Supremacist" organisation?

According to Wilfred Reilly, a Political Scientist at Kentucky State Univetsity, who is also Black, has said that about 20% of the Proud Boys members are from minority groups.

They maybe a right leaning group with a Western Chauvinism philosophy, but thats not the same as White Supremacy.

Claiming they're White Supremacists, where 20% of its members are Black & Hispanic and are headed by a Black Cuban-American doesn't make any sense whatsoever.

I don't agree with the Proud Boys, Bugaloo boys or any other organisation like them.

I also don't agree with BLM, Antifa, NFAC or any other organisation like them either, or idea which they claim, on the other side of the spectrum.

They're all the same Left or Right.

They're all Oxymoronic and contradictory

Do I take it that you agree with Stuart, that Biden`s words were taken out of context, and weren`t racist?

Back on thread.

So odd the mixed reports about trump's health.

Obviously the economy will tank if trump is seriously ill.

So there are some reports saying he is in fine heath and leaving hospital, and other reports saying he is still in danger.

This constantly wired age is absolutely pathetic isn't it.

Its fairly typical to feel better at this stage. Then he will either go downhill or he won't in a few days time so not out of the woods yet probably.

Good morning Blueridge

Your post surprised me. Given that you had labelled me a leftie previously I rather presumed you were a social and fiscal conservative.
The high priest of Thatcherite economic thinking, Friedrich Hayek, will be turning in his grave at your remarks.

But its an interesting perspective you bring, because I believe it exposes a fundamental lack of understanding.

No need for the put down Oldie - and why would I be bothered about Friedrich Hayek or even Margaret Thatcher - both long gone, or even Goldfinger or was it Gordon Brown who thought the 'Green Back' was a better bet than than our gold reserves. Perhaps Brown was right and we should 'own' dollars at the US expense. Whatever you may think, the US will always honour its debts and perhaps one reason why countries, particularly the likes of China & Japan want to keep the value of the dollar higher than their own currencies.

So,


I think you forget that the USA does not "own" all of the country's national debt.

Really - Why would I be unable to read a basic pie chart and an interesting pie chart with a further break down of the public debt and where the debts are clearly identified. And BTW - I have spent some of my working life working working 'inside The Beltway' - you made need to look that up. Not a particularly enjoyable experience but nevertheless.

For example

Foreign Owners of the Debt

Rank Country U.S. Debt Holdings


#1 China $1.11 trillion

#2 Japan $1.06 trillion

#3 Brazil $307 billion

#4 United Kingdom $301 billion

Those debts will become due at some point. But would you really want to be in hock to a country like China to the tune of over $1Trillion?
What if those four countries get into financial trouble and seek to offload those bonds on the open market? The yield would plummet and any new debt (to finance rolled over debt for eg) would have to offer those bonds at a substantially higher interest rate to attract buyers, costing the taxpayers in the States even more.

Why would China want to call in its debt? - highly unlikely as you well know and the ramifications that would mean for China as a whole and its trading position in the World. We could both expand on this but it would take too long - there are enough papers 'out there' written by people much more eminently qualified than you or I - that could be something we agree on!!!



Last year the annual cost in interest payments born by the US Taxpayers was, quote: Net interest payments on the debt are estimated to total $393.5 billion this fiscal year, or 8.7% of all federal outlays. 8.7% of all government spending, money that could be spent on the social issues all to apparent over there.
In addition debt as a percentage of gdp has risen under Trump, Quote: The United States' debt-to-GDP ratio at the close of March 2020 was 82 percent. That figure is up from 79 percent at the end of 2019, and is the highest since 1948. 
Since 1948. So that includes the financial crash of 2008 and the fiscal stimulus Obama had to undertake to bring their economy out of recession.
Trump had no such recession to deal with, but he has now, or his successor will.

You mention printing money. From the Fed itself in the States

Some will 


Please note the first the first sentence and in particular 
"high levels are not necessarily unsustainable so long as income is rising at a faster pace."

That is defined by the debt to GDP ratio remaining constant or in fact declining even as actual debt might itself rise.
A good example of managing this way was the Blair/Brown years when they raised spending on the NHS by 2% of GDP to the levels equating to those in France and Germany, after 2002.
Pre financial crisis the debt to GDP in 2007 was the same as that they inherited in 1997, at circa 48% of GDP.

Very manageable.
By contrast our current geniuses in Government slashed spending by circa 25%, but managed to double the debt to GDP ratio to now 100%.

But significantly well below Japan and interestingly both the Japan and the US are significantly the biggest contributors to the World Bank.

Finally
Government debt sucks cash out of the productive economy when banks and pension funds buy government bonds (GILTS in the UK) as a "safe haven" rather than have it utilised in private sector productivity.

That is why, in my opinion, this does matter.

There are and always will be arguments for and against - I'll stick with what I said for the mo.

Sources:
1. VisualCapitalists .Com
2. Pew Research
3. Trading Economics
4. CNBC