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I read Buffett's proposed solution. It's clever - it must be about as close as you can get to a market based solution. But as you say, it won't be implemented

I read Buffett's proposed solution. It's clever - it must be about as close as you can get to a market based solution. But as you say, it won't be implemented, if for no other reason that Trump wouldn't trust a solution he doesn't control and doesn't directly benefit from. His introduction to his solution reads more like a prophecy. Other countries, including have also taken the trade deficit path. Mine is nowhere far as down that path as the USA, but still it makes me nervous. I saw no way out - until Trump. It looks very likely Trump will make Buffett's prophecy come true. The fallout should make all sorts of thinks possible - including solving the trade deficit issue.

ein0p 2y ago
You think he, or the GOP would "benefit" from the stock market collapse? That contradicts all available evidence, at least for the short to medium term. I think the midterms are going to be an unprecedented bloodbath. Boomers won't allow their 401k's to decline even temporarily.
- rstuart4133 2y ago
  > You think he, or the GOP would "benefit" from the stock market collapse? Uhmmm, no. Did I imply that? I can't see how Trump benefits from this, let alone anyone else in the USA. In fact I had to think long and hard to come up with anyone on the planet who benefits. Maybe Putin, but now he's up against a re-arming and united Europe. I was just admiring Buffett's solution. It turns the debt into a marketable good, and so lets the market decide who will be best at getting reducing it. It probably would not work for some reason I can't think of, but it's very appealing. But now I think about it, Buffett may benefit. He said in the article he's moved a lot of his portfolio overseas, according to the AI's around 40% of it. Lets assume the worst happens and the US dollar and economy falls off a cliff in the next 4 years. Trump and the rump of barnacles in the GOP that support him will be wiped off the political map, because as Biden discovered yet again, regardless of how well you govern "it's about the economy stupid", even if the economy was tanked by the other sides COVID bazooka 4 years prior. Buffett will move his portfolio back onshore after it all bottoms out and the price is cheap. The pain will be remembered so there won't be a repeat for at least a few decades. The USA will bounce back, and Buffett doubles his money. It's the typical Buffett play.

ein0p 2y ago

You think he, or the GOP would "benefit" from the stock market collapse? That contradicts all available evidence, at least for the short to medium term. I think the midterms are going to be an unprecedented bloodbath. Boomers won't allow their 401k's to decline even temporarily.

rstuart4133 2y ago
> You think he, or the GOP would "benefit" from the stock market collapse? Uhmmm, no. Did I imply that? I can't see how Trump benefits from this, let alone anyone else in the USA. In fact I had to think long and hard to come up with anyone on the planet who benefits. Maybe Putin, but now he's up against a re-arming and united Europe. I was just admiring Buffett's solution. It turns the debt into a marketable good, and so lets the market decide who will be best at getting reducing it. It probably would not work for some reason I can't think of, but it's very appealing. But now I think about it, Buffett may benefit. He said in the article he's moved a lot of his portfolio overseas, according to the AI's around 40% of it. Lets assume the worst happens and the US dollar and economy falls off a cliff in the next 4 years. Trump and the rump of barnacles in the GOP that support him will be wiped off the political map, because as Biden discovered yet again, regardless of how well you govern "it's about the economy stupid", even if the economy was tanked by the other sides COVID bazooka 4 years prior. Buffett will move his portfolio back onshore after it all bottoms out and the price is cheap. The pain will be remembered so there won't be a repeat for at least a few decades. The USA will bounce back, and Buffett doubles his money. It's the typical Buffett play.