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Author: Brent PBrent P Date: Mar 11, 2007 11:46
> Brent P wrote:
>
>>>Brent P wrote:
>>>
>>>
>>>>>Consumers love low prices! Too, moving this work out of the
>>>>>US frees up the labor resources to do other jobs.
>>>>
>>>>
>>>>What jobs would those be?
>>>
>>>I don't know. Consumers will spend their savings on something
>>>else that someone will be employed to provide. ...
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Author: Chuck WrightChuck Wright Date: Mar 11, 2007 22:04
Brent P wrote:
>>It doesn't matter where the PRC spends its dollars. Sooner
>>or later the dollars must come back to the US.
>
>
> And we get inflation because there isn't enough stuff for the dollars to
> buy.
No. Inflation occurs when the supply of money increases relative
to the supply of goods and services. Trade with foreign
countries increases the supply of goods and services and thus
foreign trade pushes us in the direction of deflation (ie.
lower prices). The US Government controls the supply of US
dollars and thus the US government can (and does) cause
inflation in the US by increasing the supply of dollars.
Chuck Wright
http://www.freetrade.org/
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Date: Mar 12, 2007 06:53
On Sun, 11 Mar 2007 20:44:18 -0600, Chuck Wright yahoo.com>
wrote:
>Don Homuth wrote:
>
>> * There is no assurance that the PRC must spend its dollars Here. It
>> could even more easily spend them with OPEC or the EU.
>
>It doesn't matter where the PRC spends its dollars. Sooner
>or later the dollars must come back to the US.
Dollars can float in international trade for years, during which time
the US gets precisely No benefit from them.
>Will you concede that either the dollars make their way
>back to the US or they don't? Aren't those the only two
>possibilities?
See above for the correct observation.
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Author: PerseidPerseid Date: Mar 12, 2007 23:17
After Much Chewing of Cud and Cogitation, Chuck Wright yahoo.com>
Spat the Words
> Don Homuth wrote:
>
>> On Sun, 11 Mar 2007 10:28:10 -0600, Chuck Wright yahoo.com>
>> wrote:
>>
>> >>>Brent P wrote:
>>>
>>>
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Date: Mar 14, 2007 17:56
On Sun, 11 Mar 2007 20:44:18 -0600, Chuck Wright yahoo.com>
wrote:
>It doesn't matter where the PRC spends its dollars. Sooner
>or later the dollars must come back to the US....
For a little Light Reading on the matter, here's something for you to
chew on that's on point:
www.ppionline.org
PPI TRADE FACT OF THE WEEK:
Currency trading totals $3 trillion a day.
=============================================
THE NUMBERS:
Currency trade volume, 1996: ~$1.5 trillion/day
Currency trade volume, 2007: ~$3.0 trillion/day
WHAT THEY MEAN:
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