@athousandyoung saidNo, I am not sure.
You sure he didn't just keep the money invested in the company and then declare bankruptcy?
@philokalia saidWould need more facts to respond to this, but I guess you are saying that a man who has no debt is a very rich man. That would be a relative statement, as you would have to define 'rich', but you are getting there. Maybe we can bring Suzianne along?
Kind of boring content -- a man with billions of dollars also shares a debt with a massive realty investment group... a debt that is in the form of a loan?
If loans count as debts, then I imagine a sizable amount of the users here who haven't paid off their homes can be considered to have a massive debt, while the man I saw on a Russia Today documentary about Hong Kong ...[text shortened]... s his 7 meter mini-flat and lives off of $500 a month is actually a very rich man as he has no debt.
@averagejoe1 saidAre you suggetinf the way out of poverty in the US is not working 80 hours a week to pay for the trailer, but just to rack up millions in debt so people will invest in your obviously succesful enterprise?
When you say 'gave $1.3T, it brings to mind the Russian mayor's wife handing $3M to crooked Hunter. Why am I typing this? What a waste, the whole forum could actually do so much good.
Anyway, as a, ahem. biz man, of course Trump has debt. What a joke, your naivete'. Do you all not realize that most successful people BORROW money, debt is on normal balance sheets ...[text shortened]... e sheets. Y'all should only write about stuff that you at least have a working knowledge of. Whew.
@averagejoe1 saidLegal loopholes for larceny. Corporate finance 101.
Again, Handy, these are legal loopholes. Were you and Kevin born yesterday?
@averagejoe1 saidHahaha here we go the poster who thinks a weak currency is bad in and of itself is now a expert on economics and business management 😂😂
When you say 'gave $1.3T, it brings to mind the Russian mayor's wife handing $3M to crooked Hunter. Why am I typing this? What a waste, the whole forum could actually do so much good.
Anyway, as a, ahem. biz man, of course Trump has debt. What a joke, your naivete'. Do you all not realize that most successful people BORROW money, debt is on normal balance sheets ...[text shortened]... e sheets. Y'all should only write about stuff that you at least have a working knowledge of. Whew.
Whew
Successful businesses might borrow someone else’s money for investment but they pay it back with interest. They do not default, that is a failed business.
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@kevcvs57 - Hahaha here we go the poster who thinks a weak currency is bad in and of itself
Well, it basically is.
"Weak currency" means your currency is not in demand so much because your
country is not producing the goods the world customers want.
And if your country also wants those coveted goods (likely will), they will pay high price for them. Supply and demand.
@shavixmir saidNot a realistic premise, as one who does not work, has no employment, would not qualify for a loan.
Are you suggetinf the way out of poverty in the US is not working 80 hours a week to pay for the trailer, but just to rack up millions in debt so people will invest in your obviously succesful enterprise?
@earl-of-trumps saidNo earl that’s not it at all, many countries orchestrate a weak currency via fiscal policy. They are trying to make their exports more attractive to other currency holders. Trump has been accusing China of just that from day one even though all countries do it for differing objectives. Countries that rely heavily on imports would probably favour a strong currency.
@kevcvs57 - Hahaha here we go the poster who thinks a weak currency is bad in and of itself
Well, it basically is.
"Weak currency" means your currency is not in demand so much because your
country is not producing the goods the world customers want.
And if your country also wants those coveted goods (likely will), they will pay high price for them. Supply and demand.
It’s also an important factor when it comes to government borrowing / spending but it doesn’t surprise me that right wing types see it in terms of economic muscle.
@kevcvs57 saidI dont quite get this post, but I definitely agree on the benefits of economic muscle!!!!!
No earl that’s not it at all, many countries orchestrate a weak currency via fiscal policy. They are trying to make their exports more attractive to other currency holders. Trump has been accusing China of just that from day one even though all countries do it for differing objectives. Countries that rely heavily on imports would probably favour a strong currency.
It’s also ...[text shortened]... wing / spending but it doesn’t surprise me that right wing types see it in terms of economic muscle.
@averagejoe1 saidThat’s why you didn’t get the post but did see the need for an inordinate number of exclamation marks.
I dont quite get this post, but I definitely agree on the benefits of economic muscle!!!!!
@kevcvs57 saidWell, I guess subliminally I want to be clear that economic muscle is GOOD, mainly to beat my competitors, as Trump tries to do to China every day. YOU seem imply that it is not good. I am one step away from saying that old movie line, greed is good. the moderators might kick me off!!!!!!!!!!! Y'all don't ever forget that successful businessmen/women create jobs. Don't you want that loser son out of your basement?
That’s why you didn’t get the post but did see the need for an inordinate number of exclamation marks.
@kevcvs57 saidOk, so you want a weaker currency that buys less gold?
No earl that’s not it at all, many countries orchestrate a weak currency via fiscal policy. They are trying to make their exports more attractive to other currency holders. Trump has been accusing China of just that from day one even though all countries do it for differing objectives. Countries that rely heavily on imports would probably favour a strong currency.
It’s also ...[text shortened]... wing / spending but it doesn’t surprise me that right wing types see it in terms of economic muscle.
Fine, Kev.
@earl-of-trumps saidRun with this one, Earl....be aware that they want everything in the unnerve to be exactly equal.
Ok, so you want a weaker currency that buys less gold?
Fine, Kev.
@earl-of-trumps saidTrump blamed China for currency manipulation when the value of the yuan went down. Why would he think China would do that? What benefit would China see if their money was weak?
Ok, so you want a weaker currency that buys less gold?
Fine, Kev.
https://www.cnbc.com/2019/08/05/trump-accuses-china-of-currency-manipulation-as-yuan-drops-to-new-low.html