Today was a pretty sobering day for the economy and the reality of global life in 2008. Bailout bill was rejected, which I think was the right move, and, the market took a major hit of 778 points down. So, YOU can either end it all and throw in the towel, OR, YOU can look for a positive as The Donald has done.
Trump: Silver Lining is Declining Oil
Billionaire real estate developer Donald Trump is none too pleased with the markets, but he sees a silver lining.
Oil should be falling, Trump says, and falling fast.
“People aren’t talking about two very big issues, the war and the price of oil,” Trump told Fox Business News.
“If people knew how to speak to OPEC the proper way, the hard way, the tough way, oil would be down to $50 instead of $150,” Trump says.
There’s already far too much oil on the markets, and anybody in the oil business knows it. “They don’t know what to do with it,” Trump told Fox.
“If we got rid of this war, and we got oil down, this country would be unbelievable,” he said.
As for the $700 billion bailout, Trump is resigned that some kind of assistance for the banks will have to be arranged, calling the current market the “worst the country has seen since 1929.”
“It’s sad but it’s probably something that has to get done. The financial system is going to come to a halt. It’s a sad day for the country,” Trump said.
“Maybe things go to hell anyway. Nobody really knows what is going to happen.”
Hey, who am I to argue with Donald Trump? Besides, having met him in the late 80's in Atlantic City & Philly, I like and respect Donald and his philosophies on money and success. By the way, if the "bailout bill" would have passed today, the price of a barrel of oil would have gone straight up. Bank that!
What we are going through now is the same as running "disc cleanup and defrag" to get your hard drive operating the way it was intended. This is exactly what the economy and the government need. Both of them are severely "fragmented"!
Thank YOU Donald Trump,
2 comments:
THE BILLIONAIERES ADVICE BEATS the politicians and TREASURY SECRETARYS.
another words take it from a billionaire who doesnt need them.
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