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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (6330)4/18/2008 3:36:51 PM
From: dybdahl  Read Replies (1) of 71475
 
That's simply not true. Many countries have repaid their debt in an increasingly free trade world economy.

The more foreign trade USA can get, the less the debt looks like. If you start to do protectionism, you will first lose all the companies that depend on free trade, and then you will need to repay your foreign trade debt using a very small foreign trade.

USA is way beyond the point where you have a choice. You don't have the choice to do protectionism, unless you want to go back to stone age standards of living.
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