“The U.S. trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to ‘political turmoil.’ Pretty soon, I think there will be a big adjustment.” -- Warren Buffett
An Inflation-Neutral Balanced Trade System (BTS), inspired by Warren Buffett’s 2003 Import Certificate Plan is introduced at the top of page 4 of the Pdf, which is available at:
There are approximately 6 Billion people on the planet. The U.S. has one of the highest standard of living in the world. The quality BASIC living is greater. we have better / greater quantity and quality of clothing,food,water. Homes are larger, better built, contains more amenities than the rest of the world, heating, air conditioning,ect. transportaion needs met better than the rest of the world. Americas poor are well off in comparison. Be thankful 4 what we have. could b worse.
Pretty smooth oratory, but you gesticulate a tad much with your hands at the podium. At times I got the feeling that you were conducting a symphony, not delivering a speech.
Where are your stats? We are in the downside of the 54 year economic cycle. The long wave. Real wages should be higher now. There is a lot of talk about hyperinflation but there was deflation last year. When there is deflation then people can afford to buy things that they could not afford to buy before like a house at bargan basement prices.
The problem is that George Soros told Obama to pump paper into the economy This lowered demand & caused more people to be laid off.
The biggest money manipulators are the US government in collaboration with the FED. The policy of pumping money into the economy with credit in order to cure recessions only temporarily relieves the problem. Eventually the increase in prices loweres demand resulting in another, often more severe recession. That's why you have 4 and 8 year cycles of unemployment followed by inflation followed by unemployment ect. like a dog chasing its tail. Yo-Yo economics.
Check the stats on the interest rates and AAA bond yields on the FED website and compare it against the national debt. There is clearly a 50-60 year cycle in the demand for money and debt which are inversely correlated. Money manipulation plays a role only in the screwing up of the cycles. The FED's contraction of the money supply caused the Great Depression and the Volker Recession in mid cycle of the last 2 long waves.
What will happen if China suddenly stopped sending us iPhones? ... hang on - is that the right question? I don't think so - what will happen if suddenly the US (Apple) stopped manufacturing the iPhone in China - but actually in-sourced the production of iPhone?
1. the cost of iPhone 'may' go up significantly???
simply look at the Baltic Dry Index...countries are not sending us merchandise....tens of thousands of empty freighters parked all over the globe...it is upon us NOW
consumption has collapsed already...a simple trip to the local garbage dump will confirm this...a 54% decrease in garbage tonage indicates that consumers has stopped spending...good?...no. when folks quit spending people get laid off and business close...the consumption bubble has popped...its down hill from here
Also..if the pie shrinks by 26% as you suggest, does this not mean that income available for the consumption of real estate drops dramatically as well? In other words, another severe downdraft for housing prices?
Daniel, isn't it even *worse* than that, since Americans not only have a $6300 (or 28%) consumption shortfall to make up for, but also, have to repay prior consumption?
In terms of the future, do you think that correcting this imbalance will finally rectify the problem of chronically low pay and perceived low societal importance of scientists and engineers?
Daniel, I think your presentation style suits us non-finance people well. And by the way, there have been many very successful infomercials over the years. Carlton Sheets anyone?
@DanielAmerman Some people can't see the forest for the trees...your information is what's most important. Those who focus on meaningless externalities are clueless and should be dismissed.
@DanielAmerman Maybe slipcurve would've liked your style more if you sounded like, and were dressed like, Dirty Harry. "Do you want to live at least a minimally acceptable comfortable life during the worst depression in US history? Well? Do ya, punk?"
I didn't think it was an "infomercial voice". You did a great job in this video. This particular video was embedded on a website called endoftheamericandream, and that was where I watched it from.
I know you get a lot of replies and comments, but I still hope you can respond to my reply anyway. What do you think we will be like in the year 2100?
This is good stuff, but his presentation style and voice reminds me of infomercials. I'm just saying, don't attack me. I do like his stuff, it's a fresh perspective.
“The U.S. trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to ‘political turmoil.’ Pretty soon, I think there will be a big adjustment.” -- Warren Buffett
An Inflation-Neutral Balanced Trade System (BTS), inspired by Warren Buffett’s 2003 Import Certificate Plan is introduced at the top of page 4 of the Pdf, which is available at:
democrats.waysandmeans.house.gov/media/pdf/111/2010Sept15_Campbell_Submission.pdf
soups347 1 year ago
There are approximately 6 Billion people on the planet. The U.S. has one of the highest standard of living in the world. The quality BASIC living is greater. we have better / greater quantity and quality of clothing,food,water. Homes are larger, better built, contains more amenities than the rest of the world, heating, air conditioning,ect. transportaion needs met better than the rest of the world. Americas poor are well off in comparison. Be thankful 4 what we have. could b worse.
sunandmoon111 1 year ago 2
250% increase in the bankers standard of living.
UNTC321 1 year ago 3
Great work sir. Keep spreading the truth.
TheScariestMovieEver 1 year ago
"The fastest collapse occurs when something wasn't real in the first place."
That's probably the best quote I've heard in a long time. Thanks for your videos.
yrlbaker 1 year ago
Nicely broken down. A great video for beginners.
ellorybockting 1 year ago
Pretty smooth oratory, but you gesticulate a tad much with your hands at the podium. At times I got the feeling that you were conducting a symphony, not delivering a speech.
cptcosmo 1 year ago
TSA depletes our standard of living, as well. Please sign a petition against the TSA
wnd(dot)com/airportscreening
glowing2323 1 year ago
Mines about 40%
lushfauna 1 year ago
@coinageboy
Where are your stats? We are in the downside of the 54 year economic cycle. The long wave. Real wages should be higher now. There is a lot of talk about hyperinflation but there was deflation last year. When there is deflation then people can afford to buy things that they could not afford to buy before like a house at bargan basement prices.
The problem is that George Soros told Obama to pump paper into the economy This lowered demand & caused more people to be laid off.
Marvareeno 1 year ago
@Marvareeno There is no cycle there is a demographics and money manipulation.
The current demographics cannot support current money manipulation which is the
$6000.00 the math is simple. Wake up. Not made in america paid by borrowed money.
Antipropaganda100 1 year ago
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Marvareeno 1 year ago
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Marvareeno 1 year ago
Comment removed
Marvareeno 1 year ago
@Antipropaganda100
The biggest money manipulators are the US government in collaboration with the FED. The policy of pumping money into the economy with credit in order to cure recessions only temporarily relieves the problem. Eventually the increase in prices loweres demand resulting in another, often more severe recession. That's why you have 4 and 8 year cycles of unemployment followed by inflation followed by unemployment ect. like a dog chasing its tail. Yo-Yo economics.
Marvareeno 1 year ago
@Antipropaganda100
Check the stats on the interest rates and AAA bond yields on the FED website and compare it against the national debt. There is clearly a 50-60 year cycle in the demand for money and debt which are inversely correlated. Money manipulation plays a role only in the screwing up of the cycles. The FED's contraction of the money supply caused the Great Depression and the Volker Recession in mid cycle of the last 2 long waves.
Marvareeno 1 year ago
well - the iPhone is manufactured in China.
What will happen if China suddenly stopped sending us iPhones? ... hang on - is that the right question? I don't think so - what will happen if suddenly the US (Apple) stopped manufacturing the iPhone in China - but actually in-sourced the production of iPhone?
1. the cost of iPhone 'may' go up significantly???
2. what else???
pjblabla 1 year ago
Excellent info....thanks for appearing on Jerry Robinson's show which is where I first heard of you.
sport142 1 year ago
Well stated!
One only needs to look at our savings (or lack thereof) rate as evidence of our illusionary high standard-of-living.
cw505 2 years ago
simply look at the Baltic Dry Index...countries are not sending us merchandise....tens of thousands of empty freighters parked all over the globe...it is upon us NOW
centervilletn 2 years ago
consumption has collapsed already...a simple trip to the local garbage dump will confirm this...a 54% decrease in garbage tonage indicates that consumers has stopped spending...good?...no. when folks quit spending people get laid off and business close...the consumption bubble has popped...its down hill from here
centervilletn 2 years ago
Also..if the pie shrinks by 26% as you suggest, does this not mean that income available for the consumption of real estate drops dramatically as well? In other words, another severe downdraft for housing prices?
SUKItm 2 years ago
Daniel, isn't it even *worse* than that, since Americans not only have a $6300 (or 28%) consumption shortfall to make up for, but also, have to repay prior consumption?
In terms of the future, do you think that correcting this imbalance will finally rectify the problem of chronically low pay and perceived low societal importance of scientists and engineers?
SUKItm 2 years ago
OK, I can see not liking the suit and tie, I'm not so fond of them myself, that's just what is expected with finance.
But an "informercial voice"? Ow... that was harsh, slipcurve...
DanielAmerman 2 years ago 3
Daniel, I think your presentation style suits us non-finance people well. And by the way, there have been many very successful infomercials over the years. Carlton Sheets anyone?
joeyzanejr 2 years ago
@DanielAmerman Some people can't see the forest for the trees...your information is what's most important. Those who focus on meaningless externalities are clueless and should be dismissed.
sport142 1 year ago
@DanielAmerman Maybe slipcurve would've liked your style more if you sounded like, and were dressed like, Dirty Harry. "Do you want to live at least a minimally acceptable comfortable life during the worst depression in US history? Well? Do ya, punk?"
Keep up the good work, Mr Amerman.
MrDorkusMaximus 1 year ago
@DanielAmerman
I didn't think it was an "infomercial voice". You did a great job in this video. This particular video was embedded on a website called endoftheamericandream, and that was where I watched it from.
I know you get a lot of replies and comments, but I still hope you can respond to my reply anyway. What do you think we will be like in the year 2100?
ObamaIsPathetic 1 year ago
This is good stuff, but his presentation style and voice reminds me of infomercials. I'm just saying, don't attack me. I do like his stuff, it's a fresh perspective.
slipcurve 2 years ago
Excellent presentation!
slymartins 2 years ago