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"Comments? You bet! This seems to be the most difficult lesson for posters to understand. When I've said the same thing the great minds have retorted the the point was nothingness and completely unrelated.

'5. When trading partners sell more stuff to the US than the US sells to them, the difference creates a balance of payments deficit. The USA needs to either borrow through a line of credit or buy the country's home currency from someone else at LIBOR exchange rates with US dollars. The largest creditor of the US Government is the FED who holds over $6 trillion of US debt in its account. The second largest creditor is Communist China with about $900 billion. Altogether, the United States owes obout 60 percent of the total debt of all other debtor nations combined.'

In short we must pay for what we consume with our production or borrow the difference. Exports pay for our imports or borrowed money does. It is not a difficult concept but it is absolutely true and unchangeable. It is one reason why the U.S. is slowly slipping into impoverishment."

Very well considered and written. Thank you. I've also seen the often repeated and fallacious fib that our dollar could somehow continue to be in great worldwide demand without much in the way of US manufacturing and exports.

Our medium of exchange will eventually fall to balance with globalist practices (trade deficits against Americans), and globalist traitors will continue to try to divert blame to others (e.g. the Fed).

Well, to carry it a bit further (in simplified version)...The Chinese have more dollars than we have yuan so in essence they have can buy all of their currency back and still have dollars left over to buy farms and businesses in the U.S.
The U.S. is at the mercy of the Chinese and their unwillingness to slaughter the cow they milk.

So while our infrastructure deteriorates Americans are walking around in hundred dollar Nikes and seeing their tax dollars go just to pay interest on the dollars held by those still willing to loan money to the U.S.

Economics is not a difficult subject except to those who make a living making it so. Money spent servicing the debt on my credit cards is money that is not spent on something else, like reroofing the house.
So maybe I can put the cost of a new roof on the card but then my problem is worsened even if put off into the future.
Lower the water and the rocks will be visible but they were there all the time.