My answer is simple if America continues to go in debt the way they are now America and the world may have a severe recession or even worst a depression.
Why I am concerned is if "America Sneezes the rest of the world catches a cold".
I wonder if he will brag about the fact that since he took office, according to the national debt clock, America's debt has grown from $19.5 Trillion to $24.43 Trillion , an average American's share of that debt is now it's $75,000 per U.S. Citizen.
So will American's be happy that they are 22 % more in debt than when he took office?
So in essence when a baby comes out of their mother's womb in America they are already facing a $75,000 debt.
But yet 47% of America's population, according to recent polls, support him. To me that means 47% of Americans are completely ignorant!
America's business is business and up until recently they were very good at it.
When Donald Trump first announced he was running for the presidency I was one of his strongest supporters. I thought, finally a successful businessman running America's business. Soon thereafter I began to realize that he was racist, a womanizer and overall not a very nice man.
What really infuriated me was several months after taking the oath, when speaking about the Paris terrorist attacks on the Concert Hall and the restaurants he said something along the lines that if the restaurant patrons had guns they would have been able to protect themselves.
Now almost a year and a half later no doubt in the coming days he will brag about all his accomplishments such as Corp. Tax cuts, rising stock market and a few things he's accomplished.
But will he mention since he took office crude oil is up over 70 %?
If America's business is business then a strong sign of how successful it's leader is whether America is further or less in debt at this point in his presidency .
In his early months he bragged about bringing down the national debt.
At the time America was 19.95 Trillion in debt. An average Americans' share of that debt was $61,340 and an average taxpayers share was $166,769.
At the time America was 19.95 Trillion in debt. An average Americans' share of that debt was $61,340 and an average taxpayers share was $166,769.
I wonder if he will brag about the fact that since he took office, according to the national debt clock, America's debt has grown from $19.5 Trillion to $24.43 Trillion , an average American's share of that debt is now it's $75,000 per U.S. Citizen.
So will American's be happy that they are 22 % more in debt than when he took office?
"22 % more in debt"
So in essence when a baby comes out of their mother's womb in America they are already facing a $75,000 debt.
But yet 47% of America's population, according to recent polls, support him. To me that means 47% of Americans are completely ignorant!
I also wonder if he will brag about the fact that many times during his term, hours before deadlines to shut down his Govt unless the National Debt was increased he succumed and increased the National Debt.
It's like he is running another company that is on the verge of bankruptcy, similar to many companies he has bankrupt in the past.
It's like he is running another company that is on the verge of bankruptcy, similar to many companies he has bankrupt in the past.
No doubt Trump will brag about what he has accomplished the first half of this year in the coming hours.
I wonder if he will brag about the fact that since he's taken office and average American is 22% more in debt than when he took office.
The fact is most Americans don't care that they just keep on raising debt.
But the day will come when the debt holders, which includes China, who he is having a trade war with and Japan plus Saudi Arabia may decide to call the loans.
When that happens the dollar will plummet along with American real estate and American stock markets.
This is why I personally have pulled everything out of equity investments until after the midterm elections.
Hopefully either Trump will be impeached or a majority of Democrats take over, which may bring some stability to the markets.
In the intern I am going to purchase Bali real estate for the first time in 6 years as I am convinced that the first bear market in modern history is over and Bali properties are a bargain at 30% to 50% off 2014 prices.
The fact is most Americans don't care that they just keep on raising debt.
But the day will come when the debt holders, which includes China, who he is having a trade war with and Japan plus Saudi Arabia may decide to call the loans.
When that happens the dollar will plummet along with American real estate and American stock markets.
This is why I personally have pulled everything out of equity investments until after the midterm elections.
Hopefully either Trump will be impeached or a majority of Democrats take over, which may bring some stability to the markets.
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