Deficit Donald Is A Bonehead

[bendog]

Daffy Donny is referring to negative interest rate policy (NIRP), NIRP doesn't set lending rates to below zero it sets the interest that DEPOSITORS receive to below zero, in other words you have to PAY to keep your money in a bank. The effect of which does drive down rates for borrowers but doesn't pay borrowers to borrow, it just encourages people to borrow and NOT to save in bank accounts (why would you save your money in a bank if you have to pay to park it there?), in other words it's just INFLATIONARY POLICY TAKEN TO THE EXTREME.

No it's not.

NIRP isn't unprecedented, Sweden, Denmark and the ECB have all used it within the past decade.

It is unprecedented for Sweden, Denmark, and the ECB and the US.

What exactly is your definition of "unprecedented"? because where I come from it means "never been done before" and as I pointed NIRP HAS been done before in Sweden, Denmark and by the ECB.

And investors in the bonds of those countries are paying to lend them money. You are quite wrong. That's what negative interest rates mean.

How the Negative Interest Rate Policy (NIRP) Works

Read, comprehend and then mend the error of your ways.

Venture forth and sin no more.

How does any of that support negative rates to refinance debt? LOL

Who's trying to support it? I'm just correcting OP's inaccurate definition of what it is, the OP created a thread about something he/she clearly doesn't understand (NIRP).

Personally I think recommending NIRP is beyond INSANE and exactly the opposite of what the long term health of the economy needs.

You seem to be under the unbelievable belief that NIRP does not affect the borrowing rate of a sovereign state and only affects the little people's savings accounts.

Amazing!

When the government lowers interest rates, they make their government bonds less attractive. And so investors chase after higher yields in wildly speculative investments.

On this I am entirely correct. You are the one in the wrong.

Right, but what Trump is trying to "bank" upon is that EU interest rates are even lower than the US. But, or course, they aren't running the same overall deficits we are. US interest rates are higher because we're begging for investors for money.

Countries with trade surpluses do not necessarily need to buy Treasury Debt. And the fed's already buying more than it should.

Trump's preaching to the same crowd that voted for his health care package and middle class tax cut

 

[bendog]

Trump thinks you can refinance sovereign debt they same way you refinance a bankrupt casino.

And, incredibly, if that plan does not work, Trump's Plan B is to print more money.

I shit you not.

I don't know why anyone ever doubted me when I say Trump is a Democrat in pseudocon clothing. Every bit of his behavior fits perfectly in the Democratic paradigm, right down to his peacenik love of Russia and the KGB thug, higher and higher spending, immoral personal behavior, and so forth and so on.

BINGO. Trump's biz model is he borrows dirty money from gangsters to build a casino. He then can't pay the money back because the casino was NEVER going to make enough money to do that. BUT THE WISE GUYS DON'T BREAK HIS KNEES because he gives up his ownership interest, and gives them the Trump name, and the wise guys are ok with that because they get a casino that has some income flow, and they couldn't legally invest the money they loaned Trump to start with.

And Trump wants to run the US Treasury like one of his casinos.

 

[kyzr]

Trump thinks you can refinance sovereign debt they same way you refinance a bankrupt casino.

And, incredibly, if that plan does not work, Trump's Plan B is to print more money.

I shit you not.

I don't know why anyone ever doubted me when I say Trump is a Democrat in pseudocon clothing. Every bit of his behavior fits perfectly in the Democratic paradigm, right down to his peacenik love of Russia and the KGB thug, higher and higher spending, immoral personal behavior, and so forth and so on.

...and your socialist cure for the US structural fiscal problems are: the Green New Deal, single-payer healthcare, reparations, free college, Paris Climate Treaty where the US pays billions to poor countries, and give billions to Central America for a "Marshal Plan"?

Nancy and the dems had their chance to restore fiscal sanity when they made the 2020 Budget. What did Nancy and the dems do? They just increased the 2019 Trump Budget 3% across the board. WTF? Dems have no room to criticize Trump's budget.

 

[NightFox]

Daffy Donny is referring to negative interest rate policy (NIRP), NIRP doesn't set lending rates to below zero it sets the interest that DEPOSITORS receive to below zero, in other words you have to PAY to keep your money in a bank. The effect of which does drive down rates for borrowers but doesn't pay borrowers to borrow, it just encourages people to borrow and NOT to save in bank accounts (why would you save your money in a bank if you have to pay to park it there?), in other words it's just INFLATIONARY POLICY TAKEN TO THE EXTREME.

No it's not.

NIRP isn't unprecedented, Sweden, Denmark and the ECB have all used it within the past decade.

It is unprecedented for Sweden, Denmark, and the ECB and the US.

What exactly is your definition of "unprecedented"? because where I come from it means "never been done before" and as I pointed NIRP HAS been done before in Sweden, Denmark and by the ECB.

Sweden, Denmark, and the ECB have never had negative interest rates before now. That's the definition of unprecedented.

LOL, so now you're going to rewrite your history in an attempt to cover up the fact that you misspoke regarding how negative interest rate policy works and when & where it's been implemented in the past.

Sheesh it's amazing what lengths some people will go to avoid admitting they were wrong.

No, you didn't understand your own link. IF investors OUTSIDE a country are speculating by putting money into a domestic currency by buying bonds, negative rates can, and have, been used to stop the outside money.

But Trump is arguing we need negative rates to further stimulate growth. And to refinance the debt

No YOU don't understand ENGLISH, I was not then and am not now talking about Donny and why he wants NIRP, I was correcting the OP's faulty definition of what NIRP IS, how it's implemented and the fact that it is NOT unprecedented.

My posts didn't even imply that I agreed with Trump on the question of NIRP and why he's advocating for it, which makes sense because I most emphatically DO NOT.

 

[NightFox]

Daffy Donny is referring to negative interest rate policy (NIRP), NIRP doesn't set lending rates to below zero it sets the interest that DEPOSITORS receive to below zero, in other words you have to PAY to keep your money in a bank. The effect of which does drive down rates for borrowers but doesn't pay borrowers to borrow, it just encourages people to borrow and NOT to save in bank accounts (why would you save your money in a bank if you have to pay to park it there?), in other words it's just INFLATIONARY POLICY TAKEN TO THE EXTREME.

No it's not.

NIRP isn't unprecedented, Sweden, Denmark and the ECB have all used it within the past decade.

It is unprecedented for Sweden, Denmark, and the ECB and the US.

What exactly is your definition of "unprecedented"? because where I come from it means "never been done before" and as I pointed NIRP HAS been done before in Sweden, Denmark and by the ECB.

And investors in the bonds of those countries are paying to lend them money. You are quite wrong. That's what negative interest rates mean.

How the Negative Interest Rate Policy (NIRP) Works

Read, comprehend and then mend the error of your ways.

Venture forth and sin no more.

How does any of that support negative rates to refinance debt? LOL

Who's trying to support it? I'm just correcting OP's inaccurate definition of what it is, the OP created a thread about something he/she clearly doesn't understand (NIRP).

Personally I think recommending NIRP is beyond INSANE and exactly the opposite of what the long term health of the economy needs.

You seem to be under the unbelievable belief that NIRP does not affect the borrowing rate of a sovereign state and only affects the little people's savings accounts.

LOL, as I said in my original post that "The effect of which does drive down rates for borrowers but doesn't pay borrowers to borrow" or did you not understand what that means? should I get out my crayons and rewrite it in baby babble so you can understand it?

No matter how many times you protest the fact remains NIRP sets the rates on DEPOSITS to below zero not the rates on LOANS.

Try reading it again, this time without the infantile I DON'T WANT TO ADMIT I'M WRONG blinders on, K?
How the Negative Interest Rate Policy (NIRP) Works

Amazing!

What's amazing is the contortions you're willing to endure to avoid admitting that you were wrong...ever.

On this I am entirely correct. You are the one in the wrong.

Anything to keep up that legend in your own mind fantasy you've got going on, regardless of what the facts dictate.

 

[Rambunctious]

You thought adding to the debt was terrible when it was Obama. All of a sudden Orange man good.

The market is kicking ass the economy is humming for regular folks all while Trump is taking in billions into our treasury from his trade war with the dishonest ruthless China....so stop your whiny predictions of doom...you sound like an idiot that can't see we are great again....

Hey dumbass. Trump is not taking in billions from China from this trade war. It's very telling you drank that piss.

Tariffs are TAXES PAID BY IMPORTERS. Idiot.

It's a tax hike on AMERICANS. Fuckwit.

We are benefiting in our treasury and the people are not feeling the pain that was predicted....well except for dumbass libs with TDS like you...

 

[Rambunctious]

Chaos reigns on Wall Street

 

[NightFox]

Daffy Donny is referring to negative interest rate policy (NIRP), NIRP doesn't set lending rates to below zero it sets the interest that DEPOSITORS receive to below zero, in other words you have to PAY to keep your money in a bank. The effect of which does drive down rates for borrowers but doesn't pay borrowers to borrow, it just encourages people to borrow and NOT to save in bank accounts (why would you save your money in a bank if you have to pay to park it there?), in other words it's just INFLATIONARY POLICY TAKEN TO THE EXTREME.

No it's not.

NIRP isn't unprecedented, Sweden, Denmark and the ECB have all used it within the past decade.

It is unprecedented for Sweden, Denmark, and the ECB and the US.

What exactly is your definition of "unprecedented"? because where I come from it means "never been done before" and as I pointed NIRP HAS been done before in Sweden, Denmark and by the ECB.

And investors in the bonds of those countries are paying to lend them money. You are quite wrong. That's what negative interest rates mean.

How the Negative Interest Rate Policy (NIRP) Works

Read, comprehend and then mend the error of your ways.

Venture forth and sin no more.

How does any of that support negative rates to refinance debt? LOL

Who's trying to support it? I'm just correcting OP's inaccurate definition of what it is, the OP created a thread about something he/she clearly doesn't understand (NIRP).

Personally I think recommending NIRP is beyond INSANE and exactly the opposite of what the long term health of the economy needs.

Yeah, uh-huh, but what about the climbing Debt, and entitlements that are going bankrupt?
Medicare is bankrupt in 2026
Social Security can't pay promised benefits in 2034
The interest on the Debt will cause a financial crisis before 2029

So how do you fix these issues as the DC coxuckers keep driving the US over the financial cliff with tax cuts? (no action is not an option)

You don't fix those issues by risking hyperinflating the currency with even more insane monetary policy than what we pursued after the last financial crisis, won't work, just ask Venezuela.

If you want to fix those issues, make the hard choices, set priorities and do whatever you need to do to reduce spending to bring it inline with revenues. Of course that'll never happen because we're talking about the United States Government where the only thing that matters if buying votes NOW, fuck the future.

 

[Rambunctious]

You thought adding to the debt was terrible when it was Obama. All of a sudden Orange man good.

The market is kicking ass the economy is humming for regular folks all while Trump is taking in billions into our treasury from his trade war with the dishonest ruthless China....so stop your whiny predictions of doom...you sound like an idiot that can't see we are great again....

LOL, How cute a post is this ^^^. Chaos reigns on Wall Street, and on Main Street, as trump tweets and lies and lies. No one knows what tomorrow will bring when the tweeter has an urge. Who will he fire, who will he praise, and who will be tossed under the bus when the chosen one's fat ass is not kissed?

Does this look like chaos you fucking lying anti American piece of shit?...
27,008.70

 

[NightFox]

You thought adding to the debt was terrible when it was Obama. All of a sudden Orange man good.

The market is kicking ass the economy is humming for regular folks all while Trump is taking in billions into our treasury from his trade war with the dishonest ruthless China....so stop your whiny predictions of doom...you sound like an idiot that can't see we are great again....

LOL, How cute a post is this ^^^. Chaos reigns on Wall Street, and on Main Street, as trump tweets and lies and lies. No one knows what tomorrow will bring when the tweeter has an urge. Who will he fire, who will he praise, and who will be tossed under the bus when the chosen one's fat ass is not kissed?

Does this look like chaos you fucking lying anti American piece of shit?...
27,008.70

LOL, Chaos no.

.. a touch of irrational exuberance, you betcha.

"I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy." -- Warren Buffett

 

[Rambunctious]

You thought adding to the debt was terrible when it was Obama. All of a sudden Orange man good.

The market is kicking ass the economy is humming for regular folks all while Trump is taking in billions into our treasury from his trade war with the dishonest ruthless China....so stop your whiny predictions of doom...you sound like an idiot that can't see we are great again....

LOL, How cute a post is this ^^^. Chaos reigns on Wall Street, and on Main Street, as trump tweets and lies and lies. No one knows what tomorrow will bring when the tweeter has an urge. Who will he fire, who will he praise, and who will be tossed under the bus when the chosen one's fat ass is not kissed?

Does this look like chaos you fucking lying anti American piece of shit?...
27,008.70

LOL, Chaos no.

.. a touch of irrational exuberance, you betcha.

"I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy." -- Warren Buffett

You don't try...you do....unless you are connected and operate outside of the law like Buffett....

 

[kyzr]

It is unprecedented for Sweden, Denmark, and the ECB and the US.

What exactly is your definition of "unprecedented"? because where I come from it means "never been done before" and as I pointed NIRP HAS been done before in Sweden, Denmark and by the ECB.

And investors in the bonds of those countries are paying to lend them money. You are quite wrong. That's what negative interest rates mean.

How the Negative Interest Rate Policy (NIRP) Works

Read, comprehend and then mend the error of your ways.

Venture forth and sin no more.

How does any of that support negative rates to refinance debt? LOL

Who's trying to support it? I'm just correcting OP's inaccurate definition of what it is, the OP created a thread about something he/she clearly doesn't understand (NIRP).

Personally I think recommending NIRP is beyond INSANE and exactly the opposite of what the long term health of the economy needs.

Yeah, uh-huh, but what about the climbing Debt, and entitlements that are going bankrupt?
Medicare is bankrupt in 2026
Social Security can't pay promised benefits in 2034
The interest on the Debt will cause a financial crisis before 2029

So how do you fix these issues as the DC coxuckers keep driving the US over the financial cliff with tax cuts? (no action is not an option)

You don't fix those issues by risking hyperinflating the currency with even more insane monetary policy than what we pursued after the last financial crisis, won't work, just ask Venezuela.

If you want to fix those issues, make the hard choices, set priorities and do whatever you need to do to reduce spending to bring it inline with revenues. Of course that'll never happen because we're talking about the United States Government where the only thing that matters if buying votes NOW, fuck the future.

OK, I'll propose making those "hard choices" for the DC coxuckers:
Here are recommendations to cut spending and raise revenue to start paying down the $22T Debt and save entitlements

A. Hire another "Grace Commission" to audit and recommend fixes to the Federal Budget

B. Cut Spending: [CUT $625b a year]
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)
US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
Current US Defense Spending:
Year Military Veterans Foreign Aid Total Defense
2017 $598.70 billion $178.00 billion $46.30 billion $823.00 billion
2018 $631.20 billion $180.40 billion $49.00 billion $860.50 billion
2019 $684.60 billion $202.10 billion $54.30 billion $941.00 billion
2020 $737.90 billion $219.20 billion $53.10 billion $1.00 trillion


C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax +$400b
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year


D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:
1. Social Security will be unable to meet obligations (not technically "bankrupt") in 2034, paying only 79% of owed benefits, while it will be actually bankrupt around 2090.
The Future of America’s Entitlements: What You Need to Know about the Medicare and Social Security Trustees Reports - AAF
Social Security fixes:
https://www.fool.com/retirement/2018/05/21/how-warren-buffett-thinks-we-should-fix-social-sec.aspx
https://money.usnews.com/money/blogs/planning-to-retire/2014/11/14/5-potential-social-security-fixes
https://www.aarp.org/work/social-security/info-05-2012/future-of-social-security-proposals.html


2. Medicare will be insolvent in 2026
https://www.forbes.com/sites/howardgleckman/2018/06/06/no-medicare-wont-go-broke-in-2026-yes-it-will-cost-a-lot-more-money/#d2edb707eb1c
The Future of America’s Entitlements: What You Need to Know about the Medicare and Social Security Trustees Reports - AAF
Medicare Fixes:
https://www.fool.com/retirement/general/2016/03/27/7-ways-to-fix-medicare.aspx
https://thehill.com/opinion/healthcare/369151-fix-what-weve-got-and-make-medicare-right-this-year
https://www.nationalaffairs.com/publications/detail/how-to-save-and-fix-medicare
https://www.aarp.org/content/dam/aarp/health/medicare-and-medicaid/2012-05/The-Future-Of-Medicare.pdf

 

[Claudette]

What exactly is your definition of "unprecedented"? because where I come from it means "never been done before" and as I pointed NIRP HAS been done before in Sweden, Denmark and by the ECB.

How the Negative Interest Rate Policy (NIRP) Works

Read, comprehend and then mend the error of your ways.

Venture forth and sin no more.

How does any of that support negative rates to refinance debt? LOL

Who's trying to support it? I'm just correcting OP's inaccurate definition of what it is, the OP created a thread about something he/she clearly doesn't understand (NIRP).

Personally I think recommending NIRP is beyond INSANE and exactly the opposite of what the long term health of the economy needs.

Yeah, uh-huh, but what about the climbing Debt, and entitlements that are going bankrupt?
Medicare is bankrupt in 2026
Social Security can't pay promised benefits in 2034
The interest on the Debt will cause a financial crisis before 2029

So how do you fix these issues as the DC coxuckers keep driving the US over the financial cliff with tax cuts? (no action is not an option)

You don't fix those issues by risking hyperinflating the currency with even more insane monetary policy than what we pursued after the last financial crisis, won't work, just ask Venezuela.

If you want to fix those issues, make the hard choices, set priorities and do whatever you need to do to reduce spending to bring it inline with revenues. Of course that'll never happen because we're talking about the United States Government where the only thing that matters if buying votes NOW, fuck the future.

OK, I'll propose making those "hard choices" for the DC coxuckers:
Here are recommendations to cut spending and raise revenue to start paying down the $22T Debt and save entitlements

A. Hire another "Grace Commission" to audit and recommend fixes to the Federal Budget

B. Cut Spending: [CUT $625b a year]
1. Cut defense to 2017 levels of $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200b (about half)
4. Cut education $20b (state responsibility)
US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
Current US Defense Spending:
Year Military Veterans Foreign Aid Total Defense
2017 $598.70 billion $178.00 billion $46.30 billion $823.00 billion
2018 $631.20 billion $180.40 billion $49.00 billion $860.50 billion
2019 $684.60 billion $202.10 billion $54.30 billion $941.00 billion
2020 $737.90 billion $219.20 billion $53.10 billion $1.00 trillion


C. To cover the $900b budget deficit the following taxes need to be raised:
1. Raise the top tax rate about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax +$400b
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year


D. Reform entitlements, Medicare & Social Security, currently projected to be insolvent:
1. Social Security will be unable to meet obligations (not technically "bankrupt") in 2034, paying only 79% of owed benefits, while it will be actually bankrupt around 2090.
The Future of America’s Entitlements: What You Need to Know about the Medicare and Social Security Trustees Reports - AAF
Social Security fixes:
https://www.fool.com/retirement/2018/05/21/how-warren-buffett-thinks-we-should-fix-social-sec.aspx
https://money.usnews.com/money/blogs/planning-to-retire/2014/11/14/5-potential-social-security-fixes
https://www.aarp.org/work/social-security/info-05-2012/future-of-social-security-proposals.html


2. Medicare will be insolvent in 2026
https://www.forbes.com/sites/howardgleckman/2018/06/06/no-medicare-wont-go-broke-in-2026-yes-it-will-cost-a-lot-more-money/#d2edb707eb1c
The Future of America’s Entitlements: What You Need to Know about the Medicare and Social Security Trustees Reports - AAF
Medicare Fixes:
https://www.fool.com/retirement/general/2016/03/27/7-ways-to-fix-medicare.aspx
https://thehill.com/opinion/healthcare/369151-fix-what-weve-got-and-make-medicare-right-this-year
https://www.nationalaffairs.com/publications/detail/how-to-save-and-fix-medicare
https://www.aarp.org/content/dam/aarp/health/medicare-and-medicaid/2012-05/The-Future-Of-Medicare.pdf

Good ideas but I'm hoping you aren't holding your breath for the Federal Government we elected to stop spending??

If so you are pissing up a rope.

 

[Wry Catcher]

Chaos reigns on Wall Street

Wall Street won’t save us from Trump’s trade war

Opinion | The Trade War’s Winners Don’t Include Us

Wall Street is becoming convinced the trade war is here to stay and will only get worse

 

[Wry Catcher]

Chaos reigns on Wall Street

Wall Street won’t save us from Trump’s trade war

Opinion | The Trade War’s Winners Don’t Include Us

Wall Street is becoming convinced the trade war is here to stay and will only get worse

Claudette didn't read the links but found them funny. This is why our democracy is in trouble, stupid people don't research anything, they listen to demagogues and charlatans like trump and vote against their best interests.

 

[Rambunctious]

Chaos reigns on Wall Street

Wall Street won’t save us from Trump’s trade war

Opinion | The Trade War’s Winners Don’t Include Us

Wall Street is becoming convinced the trade war is here to stay and will only get worse

Thanks for the links...but they are wrong...the wizards of smart have been wrong before and the wizards of smart are wrong this time too...in fact if the subject includes Trump you can count on their opinion and predictions being proven wrong in the end....come on man...CNBC???? last time they were right was.....never.....

 

[WTH_Progs?]

Leftist logic:

Total debt doubled on Bush's watch, from 5 to 10 trillion

Total debt doubled on Obama's watch, from 10 to 20 trillion. Just imagine, in just eight years total debt matched combined debt during our first 236 years.

Meanwhile "Trump" is paying on Obama/Bush debt, while GDP is positive. Debt won't double on Trump's watch, and it may not even match Obama. In other terms signs of improvement, but the left is short on material, so what can you do.

 

[Harpy Eagle]

Leftist logic:

Total debt doubled on Bush's watch, from 5 to 10 trillion

Total debt doubled on Obama's watch, from 10 to 20 trillion. Just imagine, in just eight years total debt matched combined debt during our first 236 years.

Meanwhile "Trump" is paying on Obama/Bush debt, while GDP is positive. Debt won't double on Trump's watch, and it may not even match Obama. In other terms signs of improvement, but the left is short on material, so what can you do.

Trump is adding debt far faster than Obama did for his 8 years. And Trump is doing it in the midst of a booming economy.

Just imagine what happens to the debt in a downturn, he just might double it.

 

[Flash]

Deficit Obama was a bonehead.

Debt is wrong no matter which party does it but at least we are getting a good economy from Trump's deficit.

All we got from Obama's deficit was increased poverty, decreased family income and dismal economic growth. Worthless asshole.

 

[Rambunctious]

Chaos reigns on Wall Street

Wall Street won’t save us from Trump’s trade war

Opinion | The Trade War’s Winners Don’t Include Us

Wall Street is becoming convinced the trade war is here to stay and will only get worse

Claudette didn't read the links but found them funny. This is why our democracy is in trouble, stupid people don't research anything, they listen to demagogues and charlatans like trump and vote against their best interests.

Maybe Claudette didn't read them but I did and they are nonsense...no reflection of reality at all....just throwing bad stuff on the wall to see if it sticks...but it never does...people are too busy enjoying a better life than they had under dem control and when Obama was running the show to read or believe such doom and gloom guesses by an angry media and press....