Author Topic: 725,8 billion trade deficit...!?  (Read 945 times)

Offline ghi

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725,8 billion trade deficit...!?
« on: February 10, 2006, 10:34:53 AM »
I read this on Yahoo news,

.."The     Commerce Department reported Friday that the gap between what America sells abroad and what it imports rose to $725.8 billion last year, up by 17.5 percent from the previous record of $617.6 billion set in 2004...."


 Should add taxes on imports to slow down the deficit , forget the free trade crap, if your economy goes down, all the world goes in recession,
 How far can the defict go?:(

Offline lasersailor184

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725,8 billion trade deficit...!?
« Reply #1 on: February 10, 2006, 11:06:57 AM »
Quote
How far can the defict go?


I'm up for finding out, who's with me?
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Offline texace

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Re: 725,8 billion trade deficit...!?
« Reply #2 on: February 10, 2006, 11:15:20 AM »
Quote
How far can the defict go?


How high can you count?

Offline Nilsen

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725,8 billion trade deficit...!?
« Reply #3 on: February 10, 2006, 01:30:26 PM »
The world economy and the US economy (doh!) would greatly benefit from turning that trend. Too much _either way_ is bad.

Offline Yeager

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725,8 billion trade deficit...!?
« Reply #4 on: February 10, 2006, 01:47:26 PM »
things seem to be going alright here in the part of america I reside in....
"If someone flips you the bird and you don't know it, does it still count?" - SLIMpkns

Offline Mickey1992

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725,8 billion trade deficit...!?
« Reply #5 on: February 10, 2006, 03:02:41 PM »
By economic definition, a persistent trade deficit can only exist if there is a corresponding capital surplus.  

Where is this capital surplus coming from?  The national debt.

Who is financing the national debt?  40% is financed by foreign investors.

We are buying foreign goods, and foreigners are lending us money to buy more.  There will come a time when this all reaches a critical mass and foreign investors stop financing the national debt.

Offline Gh0stFT

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725,8 billion trade deficit...!?
« Reply #6 on: February 10, 2006, 03:13:51 PM »
Quote
Originally posted by Yeager
things seem to be going alright here in the part of america I reside in....


here too,

Germany still the champion exporter 2005 and was able to defend its No. 1 position as world export champion against the United States.
The statement below is true.
The statement above is false.

Offline OOZ662

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Re: 725,8 billion trade deficit...!?
« Reply #7 on: February 10, 2006, 10:15:26 PM »
Quote
Originally posted by ghi
I read this on Yahoo news,

.."The     Commerce Department reported Friday that the gap between what America sells abroad and what it imports rose to $725.8 billion last year, up by 17.5 percent from the previous record of $617.6 billion set in 2004...."


 Should add taxes on imports to slow down the deficit , forget the free trade crap, if your economy goes down, all the world goes in recession,
 How far can the defict go?:(


Wow, I've known about the crazy-high deficit for a LONG time now. Maybe if more people knew about it, would wouldn't be in so much of a hole...
A Rook who first flew 09/26/03 at the age of 13, has been a GL in 10+ Scenarios, and was two-time Points and First Annual 68KO Cup winner of the AH Extreme Air Racing League.

Offline DREDIOCK

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725,8 billion trade deficit...!?
« Reply #8 on: February 10, 2006, 11:20:19 PM »
Quote
Originally posted by lasersailor184
I'm up for finding out, who's with me?


Go for it.
by the time it actually has to be paid for Ill be long dead and gone  probably so will my kids lol
Death is no easy answer
For those who wish to know
Ask those who have been before you
What fate the future holds
It ain't pretty

Offline DREDIOCK

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725,8 billion trade deficit...!?
« Reply #9 on: February 10, 2006, 11:21:50 PM »
Quote
Originally posted by Mickey1992
By economic definition, a persistent trade deficit can only exist if there is a corresponding capital surplus.  

Where is this capital surplus coming from?  The national debt.

Who is financing the national debt?  40% is financed by foreign investors.

We are buying foreign goods, and foreigners are lending us money to buy more.  There will come a time when this all reaches a critical mass and foreign investors stop financing the national debt.


Just write em a rubber check and tell em to take it or leave it.
What they gonna do? invade us?
LMAO
Death is no easy answer
For those who wish to know
Ask those who have been before you
What fate the future holds
It ain't pretty

Offline Staga

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725,8 billion trade deficit...!?
« Reply #10 on: February 11, 2006, 01:34:22 AM »
Yeah that will work nicely :)

Offline WhiteHawk

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725,8 billion trade deficit...!?
« Reply #11 on: February 11, 2006, 08:09:39 AM »
well, its only to be expected with a world economy.  Chinas blue collar workers average 33 cents per hour and work about 75 hours per week.  Even though the world community forced china to write  some labor laws, they are largely ignored, especially the ones governing overtime pay.  So lets see, the line owrkers in my plant make a base pay of about 40,000 dollars on a 40 hour week .  They get decent medical at a fairly reasonable rate, (althouhg that is going to change soon).  They get 9 paid holidays, 3 personal days, and depending on years of service, 7 weeks vacation per year.  I am not sure what the chinese get, but you can bet its proportional the the pay difference.  Id say the average cost of a line worker in my plant is about 55,000-60,000 dollars per year based on a 40 hour week.  Thats about 26 dollars per hour.  Id say thats about middle of the raod for a large corporations Union line worker, if not closer to below avg. The chinese on base pay alone, not even 1000 dollars per year.  Obvioulsy, we are going to be buying chinese products, while they are going to be doing good to have a pot to pisss in,  much less, purchase US made stuff.  This is why the wise leaders of ancient history imposed tariffs on imported goods, to even the playing fields.  The tariffs have been reduced recently, so large corporations, including US companies, can take advantage of this slave labor without having to pay those pesky import fees.  In a raw economic terms, this is free trade at its finest.  Good luck to everybody and your children if you are not a highly skilled worker or a professional.:aok

Offline Swoop

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725,8 billion trade deficit...!?
« Reply #12 on: February 11, 2006, 08:25:50 AM »
Quote
Originally posted by DREDIOCK
Just write em a rubber check and tell em to take it or leave it.
What they gonna do? invade us?
LMAO



Something closer to:  No further shipments of blow up sheep until payment is received, incidentally......interest on current loans being defaulted on is 100% daily. Those are MY rifles you're pointing at me and take MY helmet off when you speak to me you horrible little debtor.




Offline Ripsnort

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725,8 billion trade deficit...!?
« Reply #13 on: February 11, 2006, 08:32:29 AM »
Quote
Originally posted by Swoop
Something closer to:  No further shipments of blow up sheep until payment is received, incidentally......interest on current loans being defaulted on is 100% daily. Those are MY rifles you're pointing at me and take MY helmet off when you speak to me you horrible little debtor.



:rofl

Offline lazs2

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725,8 billion trade deficit...!?
« Reply #14 on: February 11, 2006, 09:35:50 AM »
We are doomed!!!  

Everything points to the fact that all the decayed little you-0-peean countries will rise again and teach us a lesson for not respecting culture and class.

lazs
Public Relations Officer for the BK's