LOL. True to form, GST. I wrote:
Other than the cost of a vacation in Europe possibly being higher than last year, how has the decline of the dollar lowered our standard of living? And this is an empirical question, GST, so none of your usual "everyone knows it - only a fool thinks otherwise" BS. Give me an empirical answer.
To which you responded:
If you think the US can devalue its currency and not have a drop in our standard of living then you are living in the 12th century.
I showed you the trap, GST, and you stepped right into it. ROTFL.
BTW, you didn't answer a single question I asked. In addition to the one above, I asked the following:
First, when we ship dollars overseas to pay for the goods and services we import, what financial obligations remain and why? [Note that I am asking about trade, not federal spending deficits, which you added in your non-answer. The answer is the same regardless of federal budget status... or even trade deficit/surplus status.]
Second, once the sellers of those goods and services have those dollars, what options do they have as to what to do with them and which of those options, if any, are bad for us in the long run? Oh, and why are they bad?
Third, if you are correct that "any moment now" foreigners will stop wanting dollars, what is the only way they can stop receiving them and how likely is it that they would do that?
Are you capable of answering or are the concepts to difficult for you? |
