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Author Topic: Trump and imf boss want to print more money  (Read 191 times)
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October 15, 2020, 09:23:22 PM
 #1

Link: https://www.cnbc.com/2020/10/15/imf-no-doubt-that-crucial-us-fiscal-stimulus-is-coming.html


Trump is real Business men good business style!
Amd imf boss have style also about Money!

Few Words: The IMF boss said that the impact of a U.S. stimulus package would be much-needed positive whenever it's introduced, adding that if it were implemented earlier it would "provide a boost to certainty and certainty is something we do need in this crisis."



Negotiations between the Republican government and House Democrats have stalled over the amount of money that could be used to stimulate the U.S. economy. Earlier on Thursday, Treasury Secretary Steven Mnuchin told CNBC's "Squawk Box" that while he and President Donald Trump were committed to getting a deal agreed, "politics" may be getting in the way. He said the Democrats still wanted an "all or nothing" deal.


Trump has said he would raise his offer above the current level of $1.8 trillion, with the House Democrats having passed a $2.2 trillion bill.



Trump also tweeted on twitter:"Stimulus go big or go Home! "




Imf Boss added on Thursday that there was still “a way to go with this crisis,” so room for fiscal support would be needed. “Thank God the U.S. has that fiscal space,” she said.




This support wouldn’t just be necessary in the next couple of months but “down the road” — “so let’s see how quickly it would be deployed but I have no doubt it will be deployed because it is necessary,” she added.







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October 15, 2020, 09:46:59 PM
 #2

Link: https://www.cnbc.com/2020/10/15/imf-no-doubt-that-crucial-us-fiscal-stimulus-is-coming.html

Trump is real Business men good business style!
Amd imf boss have style also about Money!

Few Words: The IMF boss said that the impact of a U.S. stimulus package would be much-needed positive whenever it's introduced, adding that if it were implemented earlier it would "provide a boost to certainty and certainty is something we do need in this crisis."

Negotiations between the Republican government and House Democrats have stalled over the amount of money that could be used to stimulate the U.S. economy. Earlier on Thursday, Treasury Secretary Steven Mnuchin told CNBC's "Squawk Box" that while he and President Donald Trump were committed to getting a deal agreed, "politics" may be getting in the way. He said the Democrats still wanted an "all or nothing" deal.

Trump has said he would raise his offer above the current level of $1.8 trillion, with the House Democrats having passed a $2.2 trillion bill.

Trump also tweeted on twitter:"Stimulus go big or go Home! "

Imf Boss added on Thursday that there was still “a way to go with this crisis,” so room for fiscal support would be needed. “Thank God the U.S. has that fiscal space,” she said.

This support wouldn’t just be necessary in the next couple of months but “down the road” — “so let’s see how quickly it would be deployed but I have no doubt it will be deployed because it is necessary,” she added.


Trump is an idiot and he doesn't have any agenda passed doing whatever he thinks will buy him reelection or personally benefit his over-leveraged failing company.  Trump's only care about stimulus is thinking voters will associate him with the money and then vote for him. That's the only reason he wants to get it done. He doesn't care about regular people. Hell, he barely cares about those close to him except what they can do to benefit him personally. Good businessman? Nah.

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October 15, 2020, 10:00:07 PM
 #3

Link: https://www.cnbc.com/2020/10/15/imf-no-doubt-that-crucial-us-fiscal-stimulus-is-coming.html

Trump is real Business men good business style!
Amd imf boss have style also about Money!

Few Words: The IMF boss said that the impact of a U.S. stimulus package would be much-needed positive whenever it's introduced, adding that if it were implemented earlier it would "provide a boost to certainty and certainty is something we do need in this crisis."

Negotiations between the Republican government and House Democrats have stalled over the amount of money that could be used to stimulate the U.S. economy. Earlier on Thursday, Treasury Secretary Steven Mnuchin told CNBC's "Squawk Box" that while he and President Donald Trump were committed to getting a deal agreed, "politics" may be getting in the way. He said the Democrats still wanted an "all or nothing" deal.

Trump has said he would raise his offer above the current level of $1.8 trillion, with the House Democrats having passed a $2.2 trillion bill.

Trump also tweeted on twitter:"Stimulus go big or go Home! "

Imf Boss added on Thursday that there was still “a way to go with this crisis,” so room for fiscal support would be needed. “Thank God the U.S. has that fiscal space,” she said.

This support wouldn’t just be necessary in the next couple of months but “down the road” — “so let’s see how quickly it would be deployed but I have no doubt it will be deployed because it is necessary,” she added.


Trump is an idiot and he doesn't have any agenda passed doing whatever he thinks will buy him reelection or personally benefit his over-leveraged failing company.  Trump's only care about stimulus is thinking voters will associate him with the money and then vote for him. That's the only reason he wants to get it done. He doesn't care about regular people. Hell, he barely cares about those close to him except what they can do to benefit him personally. Good businessman? Nah.



Trump seen that stock market down and quick fix stimulus will it up Again.
So there is tradion in USA at least Trump have to keep stock market up then if anyone out of USA will look the stock market... See the Green the USA is doing all right then the economy must be good then if the stock market is up.
But its not just Trump the imf think that USA have space more to print money
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October 15, 2020, 11:09:15 PM
 #4

To print more money for stimulus, for me sounds like: You have to pay a loan of $1000 but don't have money. For this reason, you borrow $500 from two different people and pay that $1000 but at the same time, there is an additional percentage charged on two new loans.
So, printing more money means that the government takes money from you (nothing to say about taxes and additional huge silly fees that we have to pay) but what's hilarious? You have to money that government borrowed from you. And after all, some people support that idea... Idk what to say...

The conclusion is that businessmen mustn't be politicians!!!
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October 15, 2020, 11:34:33 PM
 #5

Trump cut WHO (World Health Organization) funding earlier this year.

Quote
Trump cuts off U.S. funding to WHO, pending review

President Trump said the U.S. will stop funding to the World Health Organization while his administration reviews its role in “mismanaging” the coronavirus.

He said the U.S. contributes up to $400 million while superpowers like China, where the outbreak began, contribute closer to $40 million.

“The United States has a duty to insist on full accountability,” Mr. Trump said.

He cited the WHO’s lack of pushback to Beijing’s foggy reporting on the virus in the early going, saying it cost the rest of the world valuable time.

He also blasted the WHO’s opposition to bans on travel from China, accusing it of putting “political correctness above life-saving measures.”

https://www.washingtontimes.com/news/2020/apr/14/donald-trump-cuts-who-funding-pending-review/

....

Its interesting for the media to claim "agreement" between Trump and organizations like the IMF.

Trump spent the first 4 years of his term in strong opposition to groups like WHO and the IMF.

The IMF and similar factions strongly opposed Trump's raising of tariff's on china. Trump never agreed with the IMF on anything.

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October 16, 2020, 12:25:24 AM
 #6

I guess that imf are interested about same things as Trump now



Trump definitely shifted 180° on some issues.

Trump previously backed hydroxychloroquine as the most cost effective & best treatment for corona virus. His stance shifted 180° when he stopped taking hydroxychloroquine as a preventive measure, and opted to be treated with remedesivir and regeneron instead.

If Trump is pro IMF now. Its a 180° shift from Trump's previous stance where Trump demanded foreign nations pay their fair share of cost burden in the UN, NATO, WHO, IMF and everything else. The united states pays the largest share of funding those organizations, which trend towards pushing their own agendas, which often are destructive for the US economy and job markets.

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October 16, 2020, 12:38:58 AM
 #7

I guess that imf are interested about same things as Trump now



Trump definitely shifted 180° on some issues.

Trump previously backed hydroxychloroquine as the most cost effective & best treatment for corona virus. His stance shifted 180° when he stopped taking hydroxychloroquine as a preventive measure, and opted to be treated with remedesivir and regeneron instead.

If Trump is pro IMF now. Its a 180° shift from Trump's previous stance where Trump demanded foreign nations pay their fair share of cost burden in the UN, NATO, WHO, IMF and everything else. The united states pays the largest share of funding those organizations, which trend towards pushing their own agendas which often are destructive for the US economy and job markets.




Trump is business men and negotiator he all ready have turned fed and whole USA as big money printing machine.
But its ok After boom there is crisis then Again good Economy then Again crisis and every time need to print more to pay Old debt but They can just erase all debt.
Only Thing is that if this circle goes longer They have to be ready that new crisis are bigger then Old ones every time when one circle ends....
So They have to spend more on Security and Police budget to be avail to protect law and order coz every crisis... Have Bad influences to people lifes... And massive Civil unrests will Come more often as regular things on our lifes....
But hey USA have good Military who can deal with this easy... There will be maybe some unrests and protests... But then again They will just print more money and game is going on

My advice is in this world just learn about economy game and take advanced of all of this coz all this will not going any better.
Sure many people will go to protest but it will end up with strong Military taking over the situation.... Yea many will go grazy coz They can not cope with new order
But all I say people better learn the Rules of the game
Nothing will be changed and if you not Happy there is always enough trained Military and shouldiers who can follow the Trump order any time.

So the World is Changing better go with the Flow
I choose to go with Flow if I have to learn economical casino rules then I learn
Coz there is no way I can Fight Against Military and no point even
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October 16, 2020, 01:38:47 PM
 #8

Of course, in the current recession, it is difficult to revive the economy based on the internal strength of a country. Just print extra money to boost the entire system.
Printing more money made the US buy back most real estate and companies around the world. They will be more than happy to do that. It is clear that printing money is in their favor and they will do it.

Look at countries in Asia such as Thailand, Vietnam, China that have been touched by the hands of Americans and gradually bought their companies. The money-printing game will continue until Americans buy back the world.





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October 16, 2020, 04:12:09 PM
 #9

Trump have literally no qualifications or whatsoever to actually take on an economy like America and do something good out of it. Along the course of his reign he have had not only successfully guided the economy towards recession and inflation but at the same time personally I believe gave a strong support to racism.

Right now what he is doing is something that we should not judge since we all are right now in a pandemic and thus we have no idea how it's going to turn out.

But it's unfortunate, the guy literally is holding rallies and such , people are there without masks, now the guy wants to print excessive amount of money , it would not only cause inflation in America but at the same time it would also crush economy of the countries related with American economy.

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October 17, 2020, 02:45:25 PM
 #10

If one country would print more money, the price of goods will also go up. There would be a sudden increase in GDP but to how I see this scenario is that, the situation is still the same, right? The only change is that people will have more money and the price of goods will also be high. Please correct me if I'm wrong. And if things might be caught off guard, there is a chance for hyperinflation to occur which is still possible even if it's U. S. we are talking about. This happened to a country before, and if I'm not mistaken it was Venezuela.

I have read an article before that doing so would make a country rich, and one country close to this possibility is U. S. given its influence accross world market.
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October 18, 2020, 05:38:49 AM
 #11

Link: https://www.cnbc.com/2020/10/15/imf-no-doubt-that-crucial-us-fiscal-stimulus-is-coming.html

Trump is real Business men good business style!
Amd imf boss have style also about Money!

Few Words: The IMF boss said that the impact of a U.S. stimulus package would be much-needed positive whenever it's introduced, adding that if it were implemented earlier it would "provide a boost to certainty and certainty is something we do need in this crisis."

Negotiations between the Republican government and House Democrats have stalled over the amount of money that could be used to stimulate the U.S. economy. Earlier on Thursday, Treasury Secretary Steven Mnuchin told CNBC's "Squawk Box" that while he and President Donald Trump were committed to getting a deal agreed, "politics" may be getting in the way. He said the Democrats still wanted an "all or nothing" deal.

Trump has said he would raise his offer above the current level of $1.8 trillion, with the House Democrats having passed a $2.2 trillion bill.

Trump also tweeted on twitter:"Stimulus go big or go Home! "

Imf Boss added on Thursday that there was still “a way to go with this crisis,” so room for fiscal support would be needed. “Thank God the U.S. has that fiscal space,” she said.

This support wouldn’t just be necessary in the next couple of months but “down the road” — “so let’s see how quickly it would be deployed but I have no doubt it will be deployed because it is necessary,” she added.


Trump is an idiot and he doesn't have any agenda passed doing whatever he thinks will buy him reelection or personally benefit his over-leveraged failing company.  Trump's only care about stimulus is thinking voters will associate him with the money and then vote for him. That's the only reason he wants to get it done. He doesn't care about regular people. Hell, he barely cares about those close to him except what they can do to benefit him personally. Good businessman? Nah.



Trump seen that stock market down and quick fix stimulus will it up Again.
So there is tradion in USA at least Trump have to keep stock market up then if anyone out of USA will look the stock market... See the Green the USA is doing all right then the economy must be good then if the stock market is up.
But its not just Trump the imf think that USA have space more to print money

That's exactly my point. He's not smart enough to have an understanding of the country's finances. He thinks if the stock market is up, he's doing good. There's no connection. His policies have been good for the stock market at the expense of the future of the nation. The tax cuts he pushed through exploded the deficit at a time when the strong economy should have been paying down the debt incurred from the last recovery. Instead, he pushed those tax cuts that went predominantly to the rich, and now the deficit is at 3.1 trillion dollars this year alone. When you run deficits, you borrow from the future to finance your current prosperity, and that gets paid back with interest, so we'll all pay for it later. But few people think about the consequences, Trump least of all.

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October 18, 2020, 06:19:10 AM
 #12

Trump isn't good as the president and as the businessman. If the IMF prints more money, the US debt will be larger than the US economy.

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October 18, 2020, 01:10:07 PM
 #13

Democrats are not requesting something weird, Trump wants to already give out a stimulus package, he is not against it, he already told about 1.8 trillion stimulus package would be accepted and he is fine with it, democrats only want that to be increased and that's it.

Now you would say there is nothing to be really partisan about this right? Both parties agree on the same thing, one says 1.8 trillion, the other at 2.2, maybe go middle and accept 2 trillion and be done with it?

Well, I wish this was right, but the difference is, the 2.2 trillion democrats are promoting gives money mostly to people, whereas 1.8 trillion trump suggests goes mostly to companies, and the reason why both parties do not agree is not the money like republican media makes it out to be, the reason why they do not get a deal is the fact that democrats wants to help the people whereas republicans wants to give the money to corporations.


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grabpopcorn536
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October 18, 2020, 01:32:58 PM
 #14

If one country would print more money, the price of goods will also go up. There would be a sudden increase in GDP but to how I see this scenario is that, the situation is still the same, right? The only change is that people will have more money and the price of goods will also be high. Please correct me if I'm wrong. And if things might be caught off guard, there is a chance for hyperinflation to occur which is still possible even if it's U. S. we are talking about. This happened to a country before, and if I'm not mistaken it was Venezuela.

I have read an article before that doing so would make a country rich, and one country close to this possibility is U. S. given its influence accross world market.
Printing more money causes the national currency to depreciate in the short term. The purpose of money printing is to stimulate economic development again, when the national economy returns, the value of money will also increase.
Printing more money only increases inflation, there is no certainty that people have more money because they are just workers and the value of labor in capitalism in terms of working time, never includes the value of the goods.
I realize that printing more money helps America buy the world back faster. Printing extra money will increase the value of the world's leading companies such as Apple, Samsung, Amazon, Tesla, Microsoft...
After all, the strategy of printing more money benefits America.

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October 18, 2020, 02:22:07 PM
 #15



Trump is an idiot and he doesn't have any agenda passed doing whatever he thinks will buy him reelection or personally benefit his over-leveraged failing company.  Trump's only care about stimulus is thinking voters will associate him with the money and then vote for him. That's the only reason he wants to get it done. He doesn't care about regular people. Hell, he barely cares about those close to him except what they can do to benefit him personally. Good businessman? Nah.
No matter how substandard you describe Trump, this man always knows how to deal with problems and businesses. He has done many great things in 4 years which even more than other presidents. Despite that fact, people still dislike Trump, especially those democracy. They try to spend more and more money on the media in order to pillory on a global scale.

Everyone has their mistakes, why don't we just look at both sides of a coin rather than one side? Boosting the economy and stopping China from expanding all over the world are the best things he has ever done and no other president dare to do this. Trust me, this year election must be quite fun


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October 18, 2020, 03:44:23 PM
 #16

It is an example for the disadvantages of current centralized financial ecosystems. Goverments can increase the cap easily and cause devaluation. And people have to suffer because of wrong decisions of the authorities.
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October 18, 2020, 05:49:07 PM
Last edit: October 20, 2020, 07:06:39 AM by DeadCoin
 #17

Trump isn't good as the president and as the businessman. If the IMF prints more money, the US debt will be larger than the US economy.

In my opinion, for practical reason, printing money is easy to do but the problem with this offer is multiply, Right? Initially, it is risky but usually speaking through this implementation, I think it is very attractive to any person who doesn't care about what will happen to the next future.but they thinking about that it is right for the solution of the problem of money, I also vote yes to their nation.



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October 18, 2020, 07:19:46 PM
 #18

It is an example for the disadvantages of current centralized financial ecosystems. Goverments can increase the cap easily and cause devaluation. And people have to suffer because of wrong decisions of the authorities.

in this case, somehow , i just think centralized seems still good thing at world wide economic, i just wonder how we can survive if everyhing has un controable/decentralized , on this point ,at least that people get the benefits directly, it's fine, u know, i don't see any good idea other than that. They really need injection . About wrong decisions, nah it depends on each viewpoint.

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October 18, 2020, 08:42:45 PM
 #19

I guess that imf are interested about same things as Trump now

Trump definitely shifted 180° on some issues.

Trump previously backed hydroxychloroquine as the most cost effective & best treatment for corona virus. His stance shifted 180° when he stopped taking hydroxychloroquine as a preventive measure, and opted to be treated with remedesivir and regeneron instead.

If Trump is pro IMF now. Its a 180° shift from Trump's previous stance where Trump demanded foreign nations pay their fair share of cost burden in the UN, NATO, WHO, IMF and everything else.

It's not that Trump is pro-IMF now. He and the IMF just both happen to agree that more fiscal stimulus will be required to prevent the worst economic outcomes: deep and prolonged recession or depression, collapse of the housing or stock markets, etc.

They are both probably right about that. Not that I think such measures would be implemented in a fair or efficient way.....

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