@Antique Breakfast Our trade gap is the leak-in the-dike. In 2003 Warren Buffett encouraged the U.S. to adopt a balanced trade model. Media coverage that China has kept it currency undervalued is an understatement, it’s actually keeping the U.S. dollar over-valued; which adversely affects all our trade with all our trading partners, not just trade with China. America will continue to squander time, treasure and talent in pursuit of an illusionary recovery, until it adopts a balanced trade model.
@AntiqueBreakfast ...those who manufacture goods in other countries. by the way.. Global "free trade" is part of the liberal agenda which was supposed to "level" the playing field around the world and give 3rd world countries a competative edge, but as with most of the Liberal Agenda it fails!
@Antique Breakfast Our trade gap is the leak-in the-dike. In 2003 Warren Buffett encouraged the U.S. to adopt a balanced trade model. Media coverage that China has kept it currency undervalued is an understatement, it’s actually keeping the U.S. dollar over-valued; which adversely affects all our trade with all our trading partners, not just trade with China. America will continue to squander time, treasure and talent in pursuit of an illusionary recovery, until it adopts a balanced trade model.
soups347 1 year ago
@AntiqueBreakfast ...those who manufacture goods in other countries. by the way.. Global "free trade" is part of the liberal agenda which was supposed to "level" the playing field around the world and give 3rd world countries a competative edge, but as with most of the Liberal Agenda it fails!
MrEhud77 1 year ago
China’s Innovative Way of Skinning the United States!
Insanity: doing the same thing over and over again and expecting different results. – Albert Einstein
As long as the United States continues to allow China to manipulate the U.S. Dollar and therefore manipulate our trade with ALL our trading partners:
our balance of trade with ALL our trading partners will be worse than it would otherwise be.
free trade agreements will work to our disadvantage and we should halt entering into new ones.
soups347 1 year ago