> 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.
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.