Trump’s Latest “Insane” Proposal

Donald Trump has the establishment scared ****less…

That’s exciting. I love it.

Look at their reaction to his plan to reduce the national debt.

The Washington Post, which is owned by a Deep State member, says it’s “reckless.”

Wall Street blowhards call it “absurd.”

And a former senior U.S. Treasury Department official calls it “insane.”

So what exactly has Trump proposed to get assorted card-carrying members of the Deep State so worked up?

An Indecent Proposal

In an interview with Deep State mouthpiece CNBC, Trump said he’s open to negotiating the U.S. national debt down…

He proposes cutting a deal with debt holders so that they take less than the full amount they are owed.

Critics whine his plan is a de facto U.S. debt default that will cause a global economic calamity.

That’s the story the media is breathlessly reporting.

But, as usual, the true story is buried deeper.

And it explains why the establishment wants to destroy Trump with all deliberate speed.

We’re Screwed…

So why is the dealmaker Trump looking to cut the deal of his lifetime with the national debt?

Because he’s focused on something that the Deep State’s candidate, Hillary Clinton, won’t say in public… even though she knows it’s a ticking economic time bomb.

Here’s what Trump told CNBC:

“We’re paying a very low interest rate [on the debt],” he said. “What happens if that interest rate goes two, three, four points up? We don’t have a country. I mean, if you look at the numbers, they’re staggering.”

To make Trump’s point, consider…

In 2015, the U.S. spent $223 billion on interest on the national debt. That’s with rates at zero.

Historically, interest rates for U.S. government debt have ranged between 4 to 6%. Just before the Great Recession they were between 4.5 and 5.25%.

If interest rates returned to those normal levels, the cost of servicing the debt would rise to roughly $1 trillion per year.

That’s basically the entire U.S. discretionary budget in 2015.

If rates go up to historically normal levels, just paying interest on our debt would cost as much as we spend on the U.S. Departments of Defense, State, Health and Human Services, Education, Homeland Security, Housing and Urban Development, Justice—the list goes on.

And because the government borrows the money to make interest payments, this starts a vicious chain reaction of paying interest on money borrowed to pay interest.

Analysts estimate this spiral would cause the national debt to increase more than $60 trillion in less than 20 years.

In other words, we’d be penniless peasants deployed to work on Deep State-owned rice farms.

So Trump wants to kick the Deep State in the teeth, so to speak.

More Propaganda…

Now, let me be clear…

This isn’t an endorsement of Donald Trump. And it’s not an endorsement of his proposal to deal with our massive debt problem.

My analysis is to help you see beyond hyperventilating headlines that the establishment feeds you daily.

They want you afraid.

Scared.

They want you to only think that Trump is outrageous.

Remember when they used to portray Ron Paul as a lunatic?

They’re trying to do the same thing with Trump… just because he’s anti-establishment.

They want you to think that anything beyond Deep State control is damaging to you.

But, whatever your current understanding, make sure you pay attention to the real issue: debt is the lifeblood of the Deep State.

They get rich and powerful while they bankrupt our nation.

The last thing they want is to reduce the addiction to debt.

They don’t care if our exploding debt ends up ruining millions of Americans in an epic financial collapse.

That’s why Trump’s statement is viewed as blasphemy…

And that’s why the Deep State will do whatever it can to make sure Trump doesn’t get in the White House.

Dangerous Donald

The establishment would rather have Hillary in the White House.

She’s a safe bet for the shadow government.

With the “devil” as the President, we can expect to keep piling trillions of debt on top of debt with no end in sight, until it all comes tumbling down. Then they take what you have left in the name of saving the country.

Don’t you find it strange that the mainstream media never reports on how much money Hillary has been paid by the Deep State?

It’s $153 million and counting over the last 15 years.

Don’t you find it odd that if you were the United States Secretary of State and left national secrets on an email server stored in a bathroom that could easily be hacked from Romania, you would be in jail for life… yet she’s on the cusp of becoming President?

I mean, even little kids know this is wrong. They know it’s crooked.

And yet, the media focuses the majority of its time on how irresponsible and non-presidential Trump is.

So next time you hear hyperventilating voices from the Deep State railing against Trump and his “dangerous” ideas, just remember… they’re right.

Trump’s ideas are very dangerous… to the wealth and power of the Deep State. And that’s why they want him stopped.

Please send your feedback to coveluncensored@agorafinancial.com. Let me know what you really think about Clinton vs. Trump.

Regards,

Michael Covel
for The Daily Reckoning