[Southack]

"The GOP will get blamed for making the dollar a worthless piece of little green paper. ... They supervived the transfer of manurfacting capability from the USA to China, now we have by far the biggest trade deficits ever."

Those two things are mutually exclusive. You can't have both at once. If the Dollar is worthless, then we can't buy *any* Chinese goods.

Of course, the Dollar isn't worthless; far from it, it is overvalued. That's why imports are so cheap.

But the further that the Dollar falls, the more expensive those imports become...thus making it easier for Americans to compete.

Throw me into that briar patch.

[durasell]

The Chinese yuan is linked to the dollar at a particularly low rate of 8.28 (I believe). When the dollar rises, it rises. And when the dollar declines, it declines. So the imports from China will remain cheap -- for the time being, anyway.

[jpsb]

"Those two things are mutually exclusive. You can't have both at once."

Are you that dense or are you just playing troll? For the third time, huge trade deficits bring about currency devaluations. Got that?

Now what happens to the average joe six pack when his dollars are devalued? Whom to do think average joe six pack is going to blame when his standard of living drops to third world level?

[RobFromGa]

With the system in place in Europe, and all the social costs they are forced to pay-- is it any wonder that things from Europe cost more to buy every year.

They are going to keep getting more expensive as they sink further into socialism most likely.