I do find it amusing that many of the same people who cried when we had a trade imbalance, are the same ones now complaining about a weak dollar. Which is it going to be?

We don’t need to destroy our currency to fix our trade imbalance, nor do we need to balloon our debt to fix our dollar. These two things are not the inverse of each other, otherwise China’s currency would be almost worthless. The US used to have a strong dollar and a trade surplus because we had an economy based on producing goods, not consuming them. We also had a gold standard and most legislation *intended* to benefit this country.

The reason the economy is so ‘bollixed up’ isn’t a bunch of separate issues manifesting themselves at one time. It’s one issue that manifests itself as many separate issues.

Let’s make sure we put the blame where it needs to be placed – on the Federal Reserve. Inflation of the money supply is what is ‘bollixing up’ the economy, and it manifests itself as a weaker dollar, higher commodity prices (including oil, food, and basic materials), destruction of wealth, and inflation of market ‘bubbles’.

Don’t buy into the propaganda of the MSM here. The Federal Reserve is the root of these problems, and shouldn’t be absolved simply because it’s so easy to obfuscate where the problems originate.

We have mortgaged our nation’s productive and economic power for massive unsustainable consumption.

Paul

Here’s a “Suck it up” guy – and *gasp* he’s still running for president, and has pulled in 1 million votes.

I think the idea, though, is to do it slowly enough that you don’t create a panic. Which, given the right conditions, would be a good idea. But the market is so bollixed up right now, that, in the words of MacBeth, “If it were done when ’tis done, then ’twere well it were done quickly.” That is, if the economy is going to be in an uproar, then you may as well get it over with, so we can get down to the business of recovery.

I do find it amusing that many of the same people who cried when we had a trade imbalance, are the same ones now complaining about a weak dollar. Which is it going to be?

Someone asked about the forgiven debt and tax implications… frankly, I don’t think those should be considered income, any way. Especially if the consumer doesn’t keep the goods. It seems to be just another step closer to imputed income.