Quote:
Originally Posted by MatrixRashaan
You are making good points...but this is part of the problem...with China at least. Their currency value is pegged to the dollar. We buy their exports but we cant get the same returns on our exports to them because their currency value is sooooo low, when in actuality it is not.
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OK.. China's currency is pegged to the dollar. What's wrong with that? The only reasons the US govt now wants China to devalue is to get even more crap cheaper and owe less on the biz already done with China. There is no reason to keep buying from China other than for cheap product and there is an inability to even pay for that.
Quote:
Originally Posted by MatrixRashaan
I think this will change soon...and naturally we will pump our capitalist ideology into their veins with all of our AMERICAN products. Entertainment, Cars, Clothes, Foods etc... Before you know it they will be junkies hooked on our shit AND they WILL have the cash to score their next hit...beautiful  |
Nope - it's not likely to change in a long time. There is nothing keeping the US export more - to China and other countries. Entertainment? Sure. Cars? Not likely - other nations manufacture cars. Clothes? Sure, but who makes exportable clothing in the US? China makes more clothes and footware. Foods? The only "food" exported which had a trade surplus was wheat. Overall - forget China - there has never been a US trading surplus with the whole planet in 40 years. What chance now? It's a serious problem and not a new problem, but has been like that for many years now.
The problem is within - not with other countries.