[Alberta's Child]

The point is that ultimately the dollars sent overseas in any trading partnership have to come back to the U.S. in some way. A trade deficit in and of itself is not the problem in that respect.

I've long said that this is a very complicated issue, and one of the things I've found is that it lends to oversimplification in so many ways.

Personally, I believe the U.S. government is under tremendous pressure to maintain and expand these trade agreements because we see it as an absolute necessity in maintaining the status of the U.S. dollar as a global reserve currency. I keep informed about major trends in commerce and trade as part of my work, and in the last few years I've seen something that I had never seen before -- and which probably raises all kind of alarms in Washington: articles, conferences, and research publications about global trade that have no mention of the U.S. as a major player on the world stage.

[Cringing Negativism Network]

I think the opposite.

America is giving away the status of the dollar as the global currency, precisely because we are giving away America’s superiority in global markets.

We are destroying our very own nation.