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Post by fredorbob on Dec 18, 2009 6:33:32 GMT -6
There was also a 40% in dollar against the Canadian dollar, which should have 'd our trade deficit with Canada. But the trade deficit with Canada still 'd 25%. Your graph looks like Canada unpegged their currency with the dollar in January 2005 (shrugs) www.census.gov/foreign-trade/balance/c1220.htmlThe US trade deficit with Canada has dropped since 2005, which mirrors what your graph shows that the value of the dollar started dropping against the Canadian dollar in mid 2005.
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Post by fredorbob on Dec 18, 2009 6:26:41 GMT -6
Despite a 15% in the US Dollar versus the Yen, which should have 'd America's trade deficit with Japan, our trade deficit 'd 25%. www.census.gov/foreign-trade/balance/c5880.htmlThe trade deficit with Japan drastically dropped in 2008 which coincides with the weakening dollar against Japanese Yen on your graph in 2008. It didn't completely turn into a surplus because Japan protects their markets like any normal country with any sense of nationalism would do.
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Post by fredorbob on Dec 18, 2009 5:55:32 GMT -6
The devalue dollar theory still holds, it's just that so many countries have pegged their currency to the dollar and/or actively devalue their currency and/or have politically unstable countries and/or cheap foreign labor still makes profits for the slavers: import-export.suite101.com/article.cfm/us_global_trade_debt_by_country____________________________________ Fastest Increasing Deficits Below are the nine countries that grew the American deficit the fastest last year. 1. Mexico … US $74 billion (up 15.4% from 2006, up 64.4% from 2004) The Peso is devaluing FASTER then the dollar is devaluing 2. Nigeria … $28.9 billion (up 12.5%, up 97.3%) The niara is all over the place, it's Nigeria what do you expect. The greed and drive to find the cheapest labor is pathetic. 3. France … $14.5 billion (up 12.5%, down 36.9%) Euro 4. China … $259.1 billion (up 11.4%, up 59.9%) pegs currency to Dollar so doesn't matter how devalued the dollar gets 5. Ireland … $21.6 billion (up 7.5%, up 12.5%) Euro 6. Italy … $20.9 billion (up 3.7%, 20.4%) Euro 7. South Korea … $13.6 billion (up 2.5%, down 31.5%) Either pegged to the dollar or vigorously devalued 8. Saudi Arabia … $24.5 billion (up 1.8%, up 57.3%) Saudi Riyal, like China is pegged on the dollar 9. Venezuela … $28.4 billion (up 0.6%, up 40.4%), The Venezuelan Bolivar is also pegged on the dollar, and it's got a raving socialist as dictator*Euro. The dollar is starting to climb against the Euro. Maybe investors are noticing how Europe is falling into Green-Communism, so faith in the Euro is falling_____________________ Fastest Decreasing Deficits Below are the six countries that shrunk the American deficit in 2007 when compared to prior year. 1. United Kingdom … $6.7 billion (down 16.8%, down 36%). 2. Taiwan … $12.7 billion (down 16.7%, down 1.9%) 3. Malaysia … $20.8 billion (down 13.2%, up 20.4%) 4. Canada … $65.0 billion (down 10.7%, down 1%) 5. Germany … $44.5 billion (down 6.9%, down 2.8%) 6. Japan … $83.1 billion (down 6.1%, up 10.5%), _______________________________ Top Ten Countries with which the U.S. has a Trade Surplus (in millions) www.census.gov/foreign-trade/top/dst/current/surplus.html Hong Kong 14,140.12 barely moving against US dollar Australia 9,420.76 Australian dollar getting stronger Netherlands 13,623.32 AnomolyUnited Arab Emirates 8,622.25 Shrugs Brazil 4,973.02 Quitting Singapore 5,131.52 Belgium 7,313.38 Greece 1,340.97 Panama 3,226.88 Turkey 399.99 2,753.04 ______________________________________ Tariffs need to be primarily based on trading partners not products. Countries not products, since it is countries practicing trade nationalism against the US, not companies within countries although no doubt they lobby their own leaders.
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Post by fredorbob on Dec 18, 2009 5:29:37 GMT -6
NAFTA passed in November of 1993, and appears to have had little immediate effect on the trade deficit. PNTR with China didn't pass until late 2000. US entry into the WTO occurred in late 1994. Again, the trade deficit remained in the -1.2 to -1.3% range through 1997. It takes time to build a factory somewhere else, and to destroy jobs here, it won't be instantaneous but gradual.
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Post by fredorbob on Dec 18, 2009 5:21:30 GMT -6
yay double post
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Post by fredorbob on Dec 18, 2009 5:16:29 GMT -6
What actually does affect the traded deficit, however, is US monetary policy and monetary expansion. From long-term macro statistics, US monetary expansion DOES seem to increase the trade deficit. (Even if not causative, monetary expansion is almost always paralleled by an increase in the trade deficit.) This pattern can be seen when reviewing the last 30 years of US macro statistics, especially GDP, trade balance, and price inflation. The trade deficit increased when government or Fed policy caused expansion of the monetary supply—either by Fed injection of money to manipulate interest rates, or by government expansion of the money supply from policy to increase borrowing and loans—as every new loan increases the virtual money supply. (The most important of these policies was that of increasing home ownership.) Sounds like you're blaming the Federal Reserve and not free trade with cheap foreign labor countries. When an American purchases a Chinese product, a Chinaman gets DOLLARS for the transaction. The US trade deficit is 700 billion dollars a year, that means 700 Billion DOLLARS literally leaves the country every year. We only have a trillion in currency, so if the federal reserve does not print more money then WE WOULD BE OUT OF DOLLARS IN 2 YEARS, we would have to BARTER or use FOREIGN CURRENCIES like the PESO or EURO. The Federal Reserve is tasked with maintaining the US paper money supply, that is ALL they are doing. If you get rid of the Federal Reserve, then Congress controlling the money supply would do the exact same thing, in addition to printing more money to run federal programs. It would be real inflation with Democrats controlling Congress. If you get rid of the Federal Reserve and went Full Ronulan and go on the gold standard, then Fort Knox would be drained in less then 6 months. We would be out of paper, out of gold, and we'd be using Euros and Pesos to barter with. It would be total anarchy; what is the IRS going to tax people with, Pesos? The trade deficit FORCES the Fed to print money, the Federal Reserve does not force the trade deficit.
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Post by fredorbob on Dec 18, 2009 5:02:25 GMT -6
And of course our biggest trade deficit is with China, who pegs its currency to ours, resulting in 0 benefit to our trade deficit of a falling dollar. Needless to say, tariffs and VATs also offset the effect of a falling dollar. In which case the trade deficit should accelerate,greater than increase linearly, as the value of the dollar compounds negatively (like inflation). 700 billion dollars a year trade deficit, that's like 1/3rd of the Continental US dollar supply, per year.
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Post by fredorbob on Dec 18, 2009 4:58:49 GMT -6
just out of curiousity, If we doubled the monetary base, how much would the velocity of money have to slow down in order for deflation to occur? Is the velocity of money even variable?
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Post by fredorbob on Dec 16, 2009 23:39:15 GMT -6
He's also an open-border, pro cheap foreign labor, work visas, free trading regressive.
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Post by fredorbob on Dec 16, 2009 23:31:12 GMT -6
Whatever happened to just good old fashion anti-semitism? Why all these elaborate conspiracy theories. why are you demonizing it? The phrase Conspiracy Theory was originally used in the early 1900s as a neutral phrase, but during the intellectual uprisings of the 60s it became a phrase used by politicians for damage control against ideas seen as threatening to the status quo's accepted doctrine. Which was obedience, and consumption because without that how can a cold war sized military continue to tax a populous who will inevitably understand that military budgets are granted to private corporations for research. the next time you put the word conspiracy theories in a post, please explain yourself. If there were a real "conspiracy" then we would have been hit again. Wasn't the theory, before Democrats won elections big time, that the big bad undefeatable Republican Cabal and Bush with horns growing out of his head going to use their Al Quada puppets again before the election so Bush can gain dictatorial power? Wasn't that the theory? These theories have as much a success record as the Global Warmist theories. (zero predictions came true) You guys modified your theories (like I am modifying this post) after the election; now it isn't the evil George Bush, it is the evil Democrats, or the Republi-Crat Cabal.
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Post by fredorbob on Dec 16, 2009 23:22:58 GMT -6
Whether Mathus is correct or not, I don't want to live in a country with the population density of China so the pro-growth neocon-libertarians can go fuck themselves. And so can the Green-Commies go fuck themselves, I'm not on your side.
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Post by fredorbob on Dec 16, 2009 23:19:09 GMT -6
It's suppose to accelerate, as the value of dollar internationally decreases so does the trade deficit increase.
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Post by fredorbob on Dec 16, 2009 0:54:33 GMT -6
A recovery from the worst recession since World War II would spur food demand Why? How does that affect the demand for food? Only an increased population increases the demand for food. And if the population continues expanding, the world won't be able to produce enough food to feed it. Starvation and the reduced fertility that ensues will ultimately stop further population growth. Hopefully we can stop population growth before we hit that limit. The ultimate source of ALL environmental damage is people. The ultimate sollution to environmental damage is to limit population growth. In the end, nothing else will work. This is not just my own opinion. It's the theme of every college-level Ecology and Environmental Biology class that's ever been taught. All attempts to reduce environmental damage will ultimately fail, unless population growth is controlled. Oh no you can't say 'that', the Libertarians say that you can fit everyone into Texas, and heck if you stack the bodies 10 feet high I bet you could also squeeze them into Rhode Island. Go ahead regressives (neocons), nod your head in agreement with the Liberal-tarians.
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Post by fredorbob on Dec 15, 2009 11:41:52 GMT -6
And amazingly many of those people who lost their jobs have been convinced that their jobs were sacrificed for "the greater good".
Starts reading more Orwell.
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Post by fredorbob on Dec 15, 2009 10:15:21 GMT -6
Trump is also a dumbass.
Fox News Headline: "Pres Obama speaking about energy efficiency, jobs."
What's more destructive?
1) the Green Communist International
2) or the neocon globalist free traders?
They kind of tie in my mind. Fox News neocons keep talking about this book, "Why the minimum wage is bad and why we should get rid of it." Hehe, oh that's a way to get voters.
"Were gonna outsource your jobs, import cheap labor and get rid of the minimum wage, vote for me!"
Pat Buchanan said it best lol:
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Post by fredorbob on Dec 14, 2009 21:50:42 GMT -6
Donald says, "I don't get it, there's 10% unemployment and the DOW is up...Either the economy is recovering or this is going to be the biggest bubble in history."
It's easy, this is the DOW:
3M (International corporation) Alcoa (International corporation) American Express (International corporation, bailout money) AT&T (Government contractor) Bank of America (Bailout money) Boeing (International corporation, Government contractor) Caterpillar (International corporation, government contracts) Chevron Corporation (International corporation) Cisco Systems (Government contracts) Coca-Cola (International corporation) DuPont ExxonMobil General Electric (International Corporation, Government contracts) Hewlett-Packard The Home Depot Intel (International corporation) IBM (International Corporation) Johnson & Johnson (International Corporation) JPMorgan Chase (International Corporation, Bailout money) Kraft Foods (International Corporation) McDonald's (International Corporation) Merck Microsoft (International Corporation) Pfizer (International Corp) Procter & Gamble (International Corporation) Travelers United Technologies Corporation (Government contracts) Verizon Communications Wal-Mart (International Corp) Walt Disney (International Corp)
________________________
These companies either receive government contracts, already do business abroad, and receive government bailout money. As American Civilian aggregate demand decreases, these international corporations find customers elsewhere. So it doesn't matter if there is 10% unemployment, 15% unemployment, 20% unemployment, 25% unemployment....We're no longer the exclusive customers.
The South was perfectly capable of operating on a slave economy, we can too. I hear 90% of millionaires in the world lived in the South pre-US Civil War. Better learn some rap.
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Post by fredorbob on Dec 13, 2009 9:00:03 GMT -6
Democrats keep saying, "The uninsured go to the emergency room and increase medical costs for everyone, we're just trying to make it more efficient."
Guess who passed the law in the 1990's saying emergency rooms cannot turn away patients regardless of their ability to pay.
You guessed it.
They created the problem, and now they also created the solution to the problem, how wonderful.
Not saying that I disagree with the law which says that if some poor dude arrives at a hospital bleeding profusely can't get medical treatment, the Democrats are just ass licking bastards; the Democrats make it REALLY hard to not vote Republican.
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Post by fredorbob on Dec 13, 2009 8:53:31 GMT -6
100% inspection of imports (paid by the importers) are better than tariff dollars to the treasury, because they would employ thousands of people at our ports and borders, adding cost/value to the imported products with US labor and overhead. GB Inspection doesn't add value to anything. And tariffs would be great to be added to the treasury.
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Post by fredorbob on Dec 13, 2009 6:01:09 GMT -6
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Post by fredorbob on Dec 13, 2009 5:49:58 GMT -6
Whatever happened to just good old fashion anti-semitism? Why all these elaborate conspiracy theories.
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Post by fredorbob on Dec 12, 2009 18:45:14 GMT -6
Free Traitors.
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Post by fredorbob on Dec 12, 2009 16:42:50 GMT -6
Tariffs are not popular with the general population nor the political parties right now. After the Dollar crisis, tariffs might make a return. I doubt it. I think fascism will make a return though. Real fascism, not this fake, "white power," bunch of rednecks running around talking aboot conspiracy theories.
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Post by fredorbob on Dec 12, 2009 16:40:39 GMT -6
China will not rule the world. In the 1970s, the same trade imbalances happened but with Japan. Japan was replaced with Taiwan and Korea. They in turn were replaced with China. China will be replaced with India. India will be replaced with countries south of our border. What can disrupt this process of shifting manufacturing to cheap, politically available labor? The Dollar crisis in 2013 will breakdown the Globalists approach to dumping cheap products into America. I just started a thread called 'deglobalization is a healthy process' to discuss the politics and economics of this process. Destroying the dollar and the middle class income of American's is not the "solution to globalization" it is the triumph of Globalization.
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Post by fredorbob on Dec 12, 2009 16:38:07 GMT -6
Remember what happened last time when the DOW crashed from a high of 14,000? A lot of people sunk their money into oil and then lost big time because recession=less oil consumption. I thought it was funny
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Post by fredorbob on Dec 12, 2009 16:36:04 GMT -6
Last think you want is to have political partisans in direct control of the money printing.
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Post by fredorbob on Dec 9, 2009 1:43:39 GMT -6
Human Rights Watch calls this system "slavery." Yet the Westerners who have flocked to Dubai brag that they "love" the city, because they don't have to pay any taxes, and they have domestic slaves to do all the hard work....
Makes me f**king sick. I remember seeing a list of Americans and Europeans who live Dubai and it read like a who's who from Brad Pitt to all sorts of European mandarins and doyens. All of them ought to be tarred, feathered and stripped of their wealth. And the next time these SOB's decide to pipe up about how immoral some politician is, they need to be beaten like a baby seal Because they make Bush or just about anyone else look like a saint. They're regressives, what do you expect.
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Post by fredorbob on Dec 9, 2009 1:40:52 GMT -6
The Green Commies have been exposed as to what they really are, commies.
I knew they were screwing around with the raw data and manipulating the results. Global Warming is nothing more then the Urban Heat Island Effect. Raw data from the Urban Heat Island effect shows warming, but the "globe" isn't warming the cities are as they get bigger.
These Greens are the false prophets of science. False prophets have always taken something pure and good and twisted it into something evil.
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Post by fredorbob on Nov 19, 2009 7:27:51 GMT -6
that was an enlightening piece of history, as much as i hate the mises site, I admit it's a necessary stop on the path to enlightenment. i particularly took issue with this sentence: "Of course, this was no more beneficence than Wal-Mart is a charity—the East India Company was badly overstocked with tea, and held a monopoly on legitimately imported tea granted, as all monopolies are, by the government in England." Mises argues for free trade by sanctifying government enforced monopoly? That part of the article feels a little... "glossed over" That's because regressives think there is nothing wrong with monopolies, like OPEC.
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Post by fredorbob on Nov 18, 2009 5:06:44 GMT -6
"Buy American" is a phrase regressives use to pacify you neandertal protectionists.
You going to be pacified?
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Post by fredorbob on Nov 18, 2009 5:05:07 GMT -6
Of course it worsens. The country is still run by free traders.
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