Ominous: The US deficit vs the dollar

[IceBergSLiM]

Can some one give cliffs?

 

[Jaskalas]

Can some one give cliffs?

Dollar bad, spend more!

Buy gold?

 

[IceBergSLiM]

We have to severely cut entitlement programs, raise taxes and increase exports to get out of this right?

 

[soccerballtux]

Ominous: The US deficit vs the dollar
By Jack Crooks

huh? weaker dollar means more expensive oil. It's a commodity with consistent demand. It attracts investment for protection from inflation like none other.

 

[Doppel]

Are you Dave's new account by chance?

No way, he is able to string words together and even paragraphs.

 

[JS80]

Can some one give cliffs?

Cliffs:

1) Chinamen cheating and making their currency artificially cheap
2) Americans take advantage and get Chinese stuff/labor at discount
3) Cheap Chinamen won't reciprocate trade - they just buy US Treasuries at rip off prices
4) Now they realize they are trapped with overpriced US treasuries yielding close to 0% so naturally they complain
5) They can either perpetuate the scheme and buy more UST or sell at a loss and buy US goods and services or US assets. When this happens US GDP skyrockets and US asset prices go up.

In the end the Chinamen are the suckers holding the bag and we get riach biach.