[count-your-change]

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.

[familyop]

"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).