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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Bearcatbob who wrote (170948)	7/20/2012 9:08:06 AM
From: elmatador	1 Recommendation of 206112

OT You export your capital when you owe money. Example: Austerity measures indebted countries of Europe are forced to implement since they do not have internal production to generate the money to pay the principal and the interest in their debts. It took me a while to show how the trade deficit impacts Canada energy exports to the US soon this one will dawn on you too. US must not only lower its deficit, a deficit that have been forcing US to borrow money from creditors countries to support its consumption. It has been doing that by selling Treasuries (to China, Brazil OPEC countries) to get money to pay for Canadian oil and gas and consumer goods it imports from China. Energy enters here: US must produce internally the energy it consumes to stop sending USD to Canada, OPEC and W. Africa and Mexico. Energy production in country raises GDP creates jobs and USD circulates internally. Like that other country that wants to make the oil production stuff internally, you know... Higher GDP lowers the % of debt to GDP. Generate cash to pay what it imports. US consumer pays its debts to banks. Students Pay their Students loans. Generate taxes that support the pensions liabilities of municipalities. Generate cash to pay what it owes to other countries. Look closely: all the economic benefits of in country oil ends up being pay debts. Biggest Holders of US Government Debt finance.yahoo.com Remember as a Brazilian I know very well what it takes to pay foreign debt. I suffered in my own skin. I did not read it in a book.

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