Billionaire developer and potential presidential candidate Donald Trump predicts the price of gold will continue to climb because Americans have no confidence in President Barack Obama. In an exclusive interview with Newsmax.TV, he also warned that trouble looms for the U.S. economy. “If oil prices are allowed to inflate and keep inflating, if the dollar keeps going down in value, I think there’s a very distinct possibility that things could get worse.”
But Trump said that he sees one bright spot in the still-struggling U.S. housing market — this is a great time for Americans to buy a house.
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Real estate mogul Donald Trump tells Newsmax in an exclusive interview why people will thank him in 10 years if they heed his advice to buy a house now. But the New York billionaire also addressed the credit crisis, saying that banks let us down and need to invest in people again.
Sell Gold
“I can’t guarantee it, but I’m pretty sure this is right now a great time to go out and buy a house. And if you do, in 10 years you’re going to look back and say, ‘You know, I‘m glad I listened to that interview with Donald Trump,’” he said in his exclusive Newsmax interview.
“The good news is you get a good price. The bad news, the banks aren’t there,” he said.
“The banks have really let us down. Number one, they did some bad things and caused some bad problems. Number two, if you have something that you want to buy, like a house, they’re generally not there for you,” he said. “So somebody has to get these banks moving.”
Turning to gold prices, Trumps tells Newsmax: “I think gold will go up as long as people don’t have confidence in our president and our country. And they don’t have confidence in our president."
Trump also was asked about his fellow billionaire George Soros’ warning that economic conditions in the United States are likely to deteriorate. “I would say that he possibly is right,” Trump says.
A weak dollar “is not good because you’re going to pay $25 for a loaf of bread pretty soon. Look at what’s happening with our food prices. They’re going through the roof. We could end up being another Egypt. You could have riots in our streets also.”
Trump doesn’t think inflation poses the biggest threat to the economy. “I think the biggest threat is that our jobs are being stolen by other countries. We’re not going to have any jobs here pretty soon."
Trump is mindless about buying a house. Can you imagine, let me see, $25 for a loaf of bread or could I pay my mortgage this month, how about my utility bill, or the taxes, or fill my gas tank..
ReplyDeleteFrom a reader:
ReplyDeleteThe Recession has hit everybody.....
I got a pre-declined credit card in the mail.
Wives are having sex with their husbands because they can't afford batteries.
CEO's are now playing miniature golf.
Exxon-Mobil laid off 25 of it's Congressmen.
A stripper was killed when her audience showered her with rolls of
pennies while she danced.
I saw a Mormon polygamist with only one wife.
If the bank returns your check marked "Insufficient Funds," you call
them and ask if they meant you or Them.
McDonald's is selling the 1/4 ouncer.
Angelina Jolie adopted a child from America .
Parents in Beverly Hills fired their nannies and learned their children's names.
A picture says a 1000 words, now only worth 200 words.
When Bill and Hillary travel together, they now have to share a room.
The Treasure Island casino in Las Vegas is now managed by Somali pirates.
Congress says they are looking into this Bernard Madoff scandal. Oh
Great! The guy who made $50 Billion disappear is being investigated by
the people who made $1.5 Trillion disappear!
And, finally...
I was so depressed last night thinking about the economy, wars, jobs,
my savings, Social Security, retirement funds, etc., I called the
Suicide Hotline.
I got a call center in Pakistan , and when I told them I was suicidal, they got all excited, and asked if I could drive a truck....
That was one of the better comments I've seen in a while. Thank you!!!!!!!
ReplyDeletecotton price is going higher. cyclon yasi hits australia cotton field. the FED money printing adds more problem. we have double trouble. price for clothes is getting higher
ReplyDeleteTrump the confidence man sounds like our Sam,with rocks in his head ,but at least sam understands that it is all driven by money printing.
ReplyDeletesam says dig holes and throw rocks "but bad things are coming".
But trumps says speculate ,hole up in a house and capital gains might fall from the sky .
“I can’t guarantee it, but I’m pretty sure this is right now a great time to go out and buy a house.
And if you do, in 10 years you’re going to look back and say, ‘You know, I‘m glad I listened to that interview with Donald Trump,”
(not Sam Spam?)
Trump says .
“The banks have really let us down. Number one, they did some bad things and caused some bad problems.
Number two, if you have something that you want to buy, like a house, they’re generally not there for you,” he said. “So somebody has to get these banks moving.”
Sam will throw rocks and ice at the banks Donald so everything will be fine!
Just like Vegas.
house for sale nearby-who holds the actual note, or how many hold the note? lol
ReplyDeletegot some koreans nearby, nice people, nice house, 3 generations in it, their not struggling. grew up with a loatian friend, big family in the house, saved alot of money that way. guess they learned to get along, that'll be something for people to relearn
A picture is worth 200 words....er, wait, make
ReplyDeletethat 176, umm, no, 153, hold it,....
Trump knows a little about money and meeting payrolls." says 9.18
ReplyDeleteOh Yeah ?
Till his Ponzi property speculators schemes, built on other suckers money ,each serially go belly up in bankruptcy.
He knows little about getting a long term real return for his sucker speculator investors.
but he is good at does get himself self promotion.
Check out his real world record.
Not a "reality" TV program sales pitch.
Try:
"Trump the loud mouth does know a little about the benifits of other peoples money to him in Ponzi business "
He is therefore claimed to be another "multi-millionaire" actor , a great American "success" story and should run for president, in order to get rid of that other actor ,the loser Obama.