It all boils down to the "Bottom Line" - large corporations making big money
and getting rich off of the little guys. It's the "American Way"...ok, next
to suing someone for some petty bullshit.
- Bernd
-----Original Message-----
From: Steve Preston [mailto:steveophonic@yahoo.com]
Sent: Tuesday, February 05, 2008 3:44 PM
To: dakota-truck@dakota-truck.net
Subject: Re: DML: Made in China
I don't understand this line of reasoning. We are in a dollar freefall,we
don't have a gold standard,and we make nothing anymore. I'm just going to
have to rely on my own intuition and believe that this is very bad,and we'll
see what happens.
Steve P.
--- Dustin Williams <dustinewilliams@gmail.com> wrote:
>
> > spend eventually comes back to you. Some actually
> say that a 100%
> > trade deficit with every other country would be
> the best possible
> > scenario. This would be like buying goods and
> services from another
> > country, and they never purchased any of your
> goods and services,
> > ever. You get all of the goods and services that
> you need, without
> > having to give your own goods and services in
> return, all you have
> > given the other countries are little scraps of
> paper with pictures of
> > dead presidents on them, which are really cheap to
> produce. If that
> > country never buys any of your goods and services,
> you never have to
> > send anything of material value outside your
> border. You've got the
> > benefit of the other country's goods and services,
> and you get to keep
> > all of your own too!
> >
> One problem with this kind of scenario is that those pieces of paper
> with pictures of dead presidents become worth increasingly less
> against, say pieces of paper with pictures of a queen, and in the end
> lead to high rates of inflation and raises the price of these goods
> that we are importing.
>
> It's a bit more complicated that it was in the days of the gold
> standard, but the principle remains the same, print more money and it
> becomes worth less.
>
>
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