And not the great depression MkII.

I am not an economist and I ended actual study of matters “Money” in 1958 when I abandoned Frank Finnegan’s lessons in book keeping for chemistry for University entrance in 1959.
Might have learned something though, because sixty five years on I have still got discretionary spending to hand and so far do not need to meet with the Bank to buy an ice cream.

Following the madness of nations in response to the Wu Flu in printing money with nothing created to back it up and no prospect of anything to pay it back the classic inflation that accompanies such erratic socialist behavior, New Zealand now has another One hundred Billion to service and no productive opportunity to deliver a single cent by way of income from the spend. In fact it appears no one has a clue as to where it went, but a quick look at BMW, Mercedes, and Audi franchises and there may be a money trail there somewhere.

So while all the talking heads pontificate on the disasters resulting from Trumps attempt to reduce the prospect of the US calling in receivers, “The Crash” is but a blip, a correction if it had resulted from Democrat Party management would never have become an item on State TV and Radio

With the US sitting at a National debt between 33 and 35 Trillion dollars plus costing a trillion dollars a year to service, someone had to do something and the someone is Donald John Trump.

To perhaps get a measure of what is involved here because all those noughts in a Trillion do not add up to anything in the world of AOC aka Alexandria Ocasio-Cortez a suggested up and comer for the US Democrats, but just like Black Lives those noughts when prefaced with a real number begin to matter and if it be 33 Trillion or 35 T, it needs to be addressed and so far in all the “orange man bad” screeching I have not heard a single offering of what he should have done as an alternative, only a chorus of what he has done will not work.

Now I grew up in a household where the great depression was factored into every move involving money and my dear old Dad who had ended formal education at “Proficiency” from the little school at Wainui in 1916, on Akaroa Harbour opposite where I was to spend the first twenty years of my retirement, he always suggested the biggest cause of the Great Depression (there was bugger all great about it) was down to every spend simply ceasing and the world clattered to a stop, economically.
Now That seems a long way away from what Trump is doing, something he has proclaimed for decades as a desired solution and I for one am seemingly at a loss how a nation even as big economically as The US of A can continue blythely on increasing debt with every year that passes.

I have read somewhere that the US debt was a mere 2000 Billion in 1988 and that folks was one fifth of one trillion, 35 years ago.