[Leisler]

"I have long believed that when we buy goods from all over the world, trading them for dollars, those dollars enable people in countries all over the world to improve their standard of living. They then can produce even more goods and can consume some of them, not exporting everything to American consumers."

Men have always wanted to trade with each other. In this case the fairly stable and reliable American dollar provides a recognized financial lubricant to the vast majority of people outside their thieving, slippery, manipulated by leftist and greed-head rulers. In a way we have provided a smooth highway for goods and services to move about, just as the US Navy provides safe sea lanes. Pax Americana. It is good for us, the world and the right and moral thing to do.

[maica]

Exactly, and this smooth highway does not appear anywhere on a balance sheet, but it is a vital part of our 'trade' balance.

Perhaps if a country's annual financial report included "services" as well as "goods" traded, our balance would be hugely positive. Doom and gloomers would have less to worry about.

One of the "services" we export to the world is our philosophy of increasing freedom everywhere. Quite the intangible asset, but real nevertheless.