Willie, our trade 'deficit' is caused by high consumer activity. The DEMAND for goods are high, and the money is spent on these goods as the come in. In otherwords, it's a record of money spent. Our money.
Yes, they have sold us stuff. And now they have some money to spend as well. All that money isn't in the hands of some foriegn nation's government, it's in the hands of various companies who operate in that Nation. Our national Debt is drawn from the world bank, another beast WE created.
To: Nathaniel Fischer
You are conveniently forgetting to mention that when imports (which are subtracted from GDP) are purchased, the value of the purchase is ADDED to consumption in GDP, so in the net there is no loss to GDP.Production creates wealth.
Consumption diminishes wealth.If you produce more than you consume, you get wealthy.
If you consume more than you produce, you go broke.What don't you understand about that?
105 posted on 02/18/2005 11:40:34 AM PST by Willie Green (Go Pat Go!!!)
Dude, I already addressed your obsession with consumer worship.
Please don't keep repeating infinite variations of the same question when you don't bother responding to the questions I ask of YOU.