To: ARCADIA
"Lets just crank open those printing presses and give every American citizen a $1,000,000,000.00 to invest. Our GDP will drop by 4%" ... Oh BTW, if our imports are SOoooo insignificant then why don't we just seal the borders and make everyone happy? It is just 4% right?!?!"
Lets get the numbers right. Our total imports are 9.5% of our GDP. Our total exports are 5.5% of our GDP. There is a 4% trade imbalance.
Changing the foreign exchange value of the Dollar affects, after the dust settles, that 4% imbalance. Drop the Dollar by 20%, and it impacts 20% of 4%, or a total of only .8% of our GDP.
Those are the relevant numbers and basic math. No need to argue about them, as they are just facts.
222 posted on
04/10/2004 4:01:30 PM PDT by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: Southack
Drop the Dollar by 20%, and it impacts 20% of 4%, or a total of only .8% of our GDP.
Oh I get it. If we drop the dollar by 100% it will result in a drop in GDP of 100% of 4%, or just 4%. Wow! It sounds good to me; get them money presses going. I can't wait to see the expression on their faces when OPEC, China and India discover that they are holding a bunch of worthless paper. Now that's going to be a real Kodak moment.
(warning: the preceding paragraph represents a sharp departure from the real world. Globalist apparently occupy an alternative universe)
230 posted on
04/10/2004 4:44:20 PM PDT by
ARCADIA
(Abuse of power comes as no surprise)
To: Southack
Our total imports are 9.5% of our GDP.
So if Dell "imports" a PC for $800, installs Windows on it, and sells it for $1000 what impact does that have on our GDP? $1000 growth?
I'm curious to know. But this one is a special case as computers have a "multiplier" associated with them that's on the order of 8 times. So a $1000 PC sale could register as much as $8000 in "GDP growth."
467 posted on
04/12/2004 9:47:31 AM PDT by
lelio
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