SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: carranza2 who wrote (297579)3/22/2009 6:53:12 AM
From: LindyBill4 Recommendations  Read Replies (2) of 793954
 
OK, I suppose those enormous trade deficits sucking up our dollars and sending them to Asia to pay for the goods you buy at WalMart for a pittance somehow don't matter.

Of course they don't. I have a horrible trade deficit with Safeway, Costco and Walmart. Doesn't worry me a bit. I buy a ton from them, and they don't buy squat from me.

I suppose because these yellow foreigners with slanty eyes took our money in exchange for the goods we bought, you should be worried.

Why?

They are the ones with the stacks of money. And we are the ones enjoying the goods. What are they going to do? Refuse to take more of them? They are begging to sell us more, and worried that we will cause them to lose when our dollar declines in value. But they can't do anything about it when it does decline. We are the engine that runs the world. Of course the money will decline in value. But the other currencies they can deal with are declining even more.

They are stuck. They hate it. But they can't do anything about it. Refuse to buy more of our treasury bonds? Then what will they do with all of our greenbacks? Let let them sit without earning anything on them? Frantically sell our dollars on the open market and try to crash the dollar? They crash themselves first. And don't dent us.

We have the world by the balls. And we never have to pay the piper.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News