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Inflation in countries like Argentina, Venezuela and half of the African continent suffer hyper inflation as they're printing limitless amounts of money without an economy (GDP) to support future returns. America has never defaulted and has an irrepressible economy which backs up our debt.
Higher wages will drive inflation, again, but in America it's not a $1 million to buy a loaf of bread. Americans make money and spend it in the lower and middle incomes
That could happen though. I'm sure every country in the world that has experienced hyper inflation thought "It couldn't happen to us!"Quote:
Originally Posted by Seran
Well, he's already required to disclose financial statements.. not entirely your "he makes his net worth up" is legit.Quote:
Originally Posted by Some Rogue
He may tell banks the truth, but he lies to everyone else. His own sworn testimony when he tried to sue an author for defamation because he said he wasn't as rich as he claimed shows that.Quote:
Originally Posted by Parkbandit
Trump says he's considering testifying at the impeachment shit. Honestly he would be a giant fool to testify in person, although I think he said he was thinking of doing it in writing.
Democrats would love to get Trump there answering questions in person, it would make this whole thing seem legitimate, it would draw more attention to this shit, and they would just love to get 3 second sound bites taken out of context to be floating all over the news and social media.
Candidates running for president (or any federal office) are required to detail their financial holdings, debt and sources of income so that the public can identify any conflicts of interest they may have. This will have far more information that a single year of tax return.Quote:
Originally Posted by Some Rogue
Trump was required to file this document when he was running for President. Anything else like "He just makes up his wealth" or "He lies to everyone else" is nothing more than a TDS flareup that makes you lose all sense of logic and common sense.
Or someone is just burying their head in the sand...Quote:
Originally Posted by Parkbandit
"You said that the net worth goes up and down based upon your own feelings?" he was asked in the deposition.
"Yes, even my own feelings, as to where the world is going, and that can change rapidly from day to day," Trump responded.
In the deposition, the attorney presented estimates of his net worth by two banks where Trump had applied for lines of credit. Both concluded Trump was worth about a third of the $3.5 billion he claimed in 2005.
Trump said the numbers were wrong and the banks did not do an exhaustive search of his assets.
On the campaign trail Trump boasts that he is not a politician, but under oath, he said he spins his business like any politician.
"Have you ever lied in public... about your properties?" he was asked.
"I try and be truthful," he said. "You always - when you are making a public statement - you want to say it the most positive way possible. I'm no different from a politician running for office."
Trump's 2006 lawsuit was dismissed. He appealed and lost the appeal. The appeals judges found there were no "obvious reasons to doubt the veracity of [his] informants or the accuracy of [their] reports."
This piece has been updated with a statement from O'Brien: "Donald Trump lost his lawsuit and it didn't cost me any money to litigate it. The central tenets of his complaint -- that the book inaccurately or maliciously described his troubled business history and his exaggerations or misrepresentations around his wealth and success as a dealmaker -- didn't hold up in court. These continue to be important issues in this presidential campaign, even if Mr. Trump wants to dismiss or diminish them."
Tell me specifically how one years tax return will tell you what Trump's net worth is.Quote:
Originally Posted by Some Rogue
Here is my take on it: The left (and many on the right) are so fucking triggered by Trump that they will just forget all about logic and common sense just to have their "AHA!" moment. Trump has complied with the law regarding what specifically must be disclosed about his fiscal dealings. If you want to make tax returns a part of that law, then make it a law.
Spoiler: A "tradition" doesn't mean it's required.
Feelings are facts in 2019, you heartless racist.Quote:
Originally Posted by Some Rogue
We did get our credit rating downgraded though.Quote:
Originally Posted by Seran
https://www.youtube.com/watch?v=-1GDIoTHz4s