Liberals - Why do you support Globalism?

jem said:
that is a ridiculous stretch of a post ricter.

if the world values the dollar the dollar buys more goods so the deficit would go down.
most people around the world buy goods in their market in their home currency. There is no expression of their like or dislike of the dollar.
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Say what?

If the world values the US dollar, then the US dollar makes US goods more expensive to foreign buyers and foreign goods cheaper to US buyers. Therefore, the US doesn't sell as much and buys more. Thus the trade deficit. It doesn't matter that the end consumer buys a product in his own currency or whether he personally "likes or dislikes" the dollar. The end price reflects the exchange value.

Econ101 much? You're on a roll. Maybe now would be a good time for you to tell us how government revenues typically go up when taxes go down. Think Kansas, Dorothy.
 
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conduit said:
This is not a serious question right? Because every little shopping item you get at Wal-Mart, each product you lay hands on, even the plastic surgery of your wife ALL are made in China mate. And guess what, you pay lower prices for Chinese imported products in the US than the Chinese themselves for their own products. Do you want me to continue with the list? The average American would have gone bankrupt long time ago or lived at way lower living standards without globalization. And let's face the truth. America does not need some shitty mining jobs or factory laborers. It needs to think about how to educate it's masses and prepare them for the next 30-40 years of higher level jobs.
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You're a moron. Congrats.
 
Frederick Foresight said:
Say what?

If the world values the US dollar, then the US dollar makes US goods more expensive to foreign buyers and foreign goods cheaper to US buyers. Therefore, the US doesn't sell as much and buys more. Thus the trade deficit. It doesn't matter that the end consumer buys a product in his own currency or whether he personally "likes or dislikes" the dollar. The end price reflects the exchange value.

Econ101 much? You're on a roll. Maybe now would be a good time for you to tell us how government revenues typically go up when taxes go down. Think Kansas, Dorothy.
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Not sure what you're going on about here. Japan and China run mercantile trade policies. They debauch their currency to keep exports cheap, and impose prohibitive tariffs on imports to protect their domestic industry. This is what they've done. Add in 50 cents an hour labor with no regulations and we get that gigantic sucking sound Ross Perot warned of and the hallowing out of America industry and jobs. }

To simply say the dollar is strong so we lose jobs is really ........... uninformed. That's a nice way of putting it.
 
The leftist who thinks they know something even though they never once tried to apply what they learned in econo 101. They just take others word for it.

You are not thinking in systems which include an international exchange of currency. You are not thinking dynamically.

In a free market economy with floating exchange rates...

When you buy stuff with a strong currency it costs you less money.
When you sell stuff you make more money.
So that would not necessarily cause a trade deficit.

In a free floating economy the level of your currency does not cause a trade deficit. A strong economy that makes goods people wish to buy should have the surplus.

But we live in a rigged economy with (among other riggings)... China being allowed to peg and a Federal Bank which is allowed to print as much money as it wants. So academic exercises may be thrown out the window and the claim that our deficit is caused because the world wants our dollar is impossible to know.

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Ricter said...

"The trade deficit reflects our strong dollar, strong because the world values it."

If the world wants more of our dollars we get to buy

Frederick Foresight said:
Say what?

If the world values the US dollar, then the US dollar makes US goods more expensive to foreign buyers and foreign goods cheaper to US buyers. Therefore, the US doesn't sell as much and buys more. Thus the trade deficit. It doesn't matter that the end consumer buys a product in his own currency or whether he personally "likes or dislikes" the dollar. The end price reflects the exchange value.

Econ101 much? You're on a roll. Maybe now would be a good time for you to tell us how government revenues typically go up when taxes go down. Think Kansas, Dorothy.
More...
 
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achilles28 said:
Not sure what you're going on about here. Japan and China run mercantile trade policies. They debauch their currency to keep exports cheap, and impose prohibitive tariffs on imports to protect their domestic industry. This is what they've done. Add in 50 cents an hour labor with no regulations and we get that gigantic sucking sound Ross Perot warned of and the hallowing out of America industry and jobs. }

To simply say the dollar is strong so we lose jobs is really ........... uninformed. That's a nice way of putting it.
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everything is correct but

u should keep in mind that by debauching they currency they effectively subsidizing our consumers

and so does the 50 cents per hour wages and no regulations

in effect our workers are just not competitive enough.. with our regulations , and very high minimum salaries etc etc

what to do ? our workers should do something 50 cents workers can not do, and produce something what china can and the rest of the world can not produce (that how it was 50 years ago, but not now)

but that means we have to be much more educated than Chinese and the rest of the world (while in fact its the other way around) and we should be ahead of them in what and how we producing...

its very tall order.. but that the only way to be ahead

tariff will not help

yes they will provide employment at expense of downgrading level of life for all Americans.. its a soviet's way.. it does not work if we lakk about making America great again
 
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