US employment is not going up.
That is a total, complete fabrication.
Big time.
The public increasingly does not believe that ANY deficit is a debt to repay.
Look at the stock market.
The article is technically correct; tbe trade deficit is not a “debt to repay.” It is, however, an exportation to or an appropriation of or national wealth by other nations. All those dollars going overseas come back and buy our land and all of the assets on it.
Try to make a movie in Hollywood critical of Saudi Arabia or China. Not gonna happen. Guess who owns and finances the studios.
To simplify it fr the free traitors - the dollars that go in trade then get loaned back to the USA or spent on other countries (China is buying up African natural resources for example). The dollars spent that goes to say a China that do get returned to the USA that do not buy American goods and services is loaned to the USA by ourchases if treasury bonds. That adds insult to injury that the money spent on Chinese goods is then loaned back to the USA adding to our budget defecit. And we need to borrow because the tax base declines - any new jobs add are low paying service jobs.
the trade deficit is definitely not a loan
the trade deficit is not sovereign
the trade deficit doesn’t matter
BTW, with China, the money is infact coming back in the purchase of stocks and real estate by Chicap investors.
Amen!!!
I can remember a few decades back how angry some were that "The Japanese were buying up America. They even owned The Rockefeller Center!" Well, guess what. The Rockefeller Center is still here.
Then it was the South Koreans, the Indonesians, and now the Chinese. And yet,.....The Rockefeller Center is still here. No matter how high the tariffs Trump places on the Chinese, the buggy whip factories will still be closed.
The dollar right now seems to be peaking or just past its peak. This dollar supports our debt. When it goes past any point of equilibrium with other money, the US will have no choice but to raise the interest rates to “support” the dollar. When that happens it will be game over.
Future American generations will see a serf-like existence. Forced to pay back huge loans their entire lives without the ownership of any productive assets.
“just what is the rest of the world doing with all those dollars?”
You mean besides China financing their military buildup?
Once "conservative" writers are jumping the shark all over the place. We've crossed into some surreal place where down is up and left is right.