America won’t go bankrupt - well, it won’t officially go bankrupt. The numbers look bad, and fiscal conservatives are hyperventilating, but the debt is in our own currency and is just a claim on future tax revenues. The Fed, the Treasury and everyone at the top of the monetary system can agree on a painful inflate the debt away process. America is technically in it right now. Inflation that feels like +10% is not happening by accident, and is helping all debtors right now. Buying a home right now is tough for new buyers, but everyone who purchased from 2009 to 2019 is sitting pretty. We do need a stronger or more stable currency to play as a financial hub of an empire, whether global hemispheric or even just the NAFTA area. If this were to become an issue, it plays into the hands of one candidate with unique experience. Former President Trump has a special skill at sales, and his tumultuous but successful career is a peculiar resume that no one else has.
How would Trump sell a restructuring and sell it effectively? He would use his own history in the real estate game, and a national restructuring of debt would involve quite a bit of real estate to sell off, assets to liquidate, assets to protect for future growth and an ability to sell anything to make sure creditors would buy the plan. You can see it now in your mind’s eye. Even more realistic, you can hear the words.
My fellow Americans, not just the real ones but those holding a little IOU from Uncle Sam, it's an honor to address you today, especially on a topic that hits close to home for me: national bankruptcy. Now, I know what you're thinking – why would I want to hear about this awful topic, but I’ve never shied away from controversy. I love it. I play with it. It’s a friend of mine. Who better to hear about it from than me? No one has ever done it like me. Never before has someone stood at this podium and pontificated about it with intimate knowledge. Well, let me tell you, my experience with bankruptcy in the 1990s uniquely qualifies me to lead our great nation, especially as we face some tough fiscal challenges.
First off, let's address the elephant in the room – yes, I've had my businesses declare bankruptcy. You saw that leaked tax return from thirty years ago. A billion dollars? Who ever has done that? Who ever bounced back? You saw that other tax form less than a decade later where I made so much money, a lot of money, that they taxed me bigly. It was $100 million, $130 million, felt like a billion in taxes. But here's the thing – every time I faced bankruptcy, I didn't just throw in the towel and call it quits. No, I rolled up my sleeves, learned from my mistakes, and came back stronger than ever. And that's exactly the kind of resilience and determination that America needs right now.
Now, you might be wondering, how does my experience with bankruptcy translate to leading the federal government? Well, let me break it down for you. It’s simple really. When I took office, our country was facing some serious financial challenges – just like one of my old struggling businesses. But instead of running away from the problem or kicking the can down the road like so many politicians before me, I tackled it head-on. I had to sell some properties, not the best ones, but I had to let go, it was tough, but I did it. I had to refinance, make some promises and get back to the core things I did best.
We can implement smart, common-sense economic policies that spur growth, create jobs, and bring our economy roaring back to life. A few protective tariffs, deem a few industries strategic necessities, and dig into our deep domestic market. And let me tell you, it will be a beautiful thing to see – just like watching one of my properties go from bankruptcy to booming success.
But here's the kicker – just like in business, sometimes you have to make tough decisions to get back on track. And that's exactly what I did. I cut unnecessary spending, renegotiated bad deals, and made sure that America's interests always came first. And you know what? It worked, and we just need to do it now on a grander scale. No one does deals as big as I do, and that’s what I want to do for you.
Now, as we face the possibility of the federal government entering bankruptcy, who better to have at the helm than someone who's been there, done that, and come out on top? I know firsthand what it takes to navigate financial rough waters, to make the tough calls, and to emerge stronger on the other side. And let me tell you, I'm ready to do it again for our great nation.
But enough about me – let's talk about you, the American people. You're the ones who make this country truly great. And just like I've always said, together, there's nothing we can't accomplish. So let's roll up our sleeves, put aside our differences, and work together to ensure a brighter, more prosperous future for all Americans.
And hey, if we hit a few bumps along the way – well, I've been there before. But one thing's for sure – with me at the helm, you can bet we'll come out stronger on the other side. So let's make America great again, and let's do it together. Thank you, God bless you, and God bless America!
A debt crisis would need to be worked out between the major economic players that make up our economy. The real debate would be behind the scenes and some current winners would see theme knocked from preeminence or at least the gap between them and stragglers. We would need to restructure a bit more on the rich natural resources we have and cut some of our foreign economic vassals loose as we reshore higher value manufacturing. We also would need an ideological shift in education to churn out more skilled labor and fewer proper thinking voters. There is one man uniquely suited for this moment.
I like it !
Threaten default until holders sell, pushing the market lower, then mint more currency and repurchase at 40 cents on the dollar, retiring the debt.