Comments on: Trade Deficit, Budget Deficit, Truth Deficit http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/ Mocking The GOP 24/7: Satire, Song Parodies, Limericks, Funny Polls & News Haiku (MadKane.com) Mon, 12 May 2008 05:04:25 +0000 http://wordpress.org/?v=2.0.4 by: Ames Tiedeman http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-51572 Tue, 05 Feb 2008 01:10:48 +0000 http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-51572 I have seen it all now. 3.1 Trillion from Bush for 2009. The is just nuts. 400 billion dollar deficits for as far as they eye can see. I am disgusted. I have seen it all now. 3.1 Trillion from Bush for 2009. The is just nuts. 400 billion dollar deficits for as far as they eye can see. I am disgusted.

]]> by: Ames Tiedeman http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-47240 Mon, 07 Jan 2008 04:03:14 +0000 http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-47240 Look, facts are facts. In 1980 we had a trade deficit of 19 billion and a total national debt of about 832 billion. We now have yearly trade deficits of 700-800 billion and budget deficits of 400 billion. Put the dollar back to where it was in 1980 and our trade deficit would be nearing 2 trillion in 2006. It did not work folks. Do you get it yet? It did not work. Wake up! Look, facts are facts. In 1980 we had a trade deficit of 19 billion and a total national debt of about 832 billion. We now have yearly trade deficits of 700-800 billion and budget deficits of 400 billion. Put the dollar back to where it was in 1980 and our trade deficit would be nearing 2 trillion in 2006. It did not work folks. Do you get it yet? It did not work. Wake up!

]]> by: Ames Tiedeman http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-46605 Sun, 30 Dec 2007 21:50:11 +0000 http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-46605 The trade deficit is at a 24 month low. Big deal. Does anyone actually think we can live with a trade deficit that is 5 % of GDP? The dollar may have stabilized. Not for long, however. http://www.amestiedeman.com/ The trade deficit is at a 24 month low. Big deal. Does anyone actually think we can live with a trade deficit that is 5 % of GDP?

The dollar may have stabilized. Not for long, however.

http://www.amestiedeman.com/

]]> by: Ames Tiedeman http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-36728 Wed, 03 Oct 2007 22:16:17 +0000 http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-36728 The U.S. Trade Deficit is a huge problem. We will either end up being owned by foreigners or we will simply fade away. Both prospects are quite un- American. Some basic facts: The U.S. has not had a trade surplus with the world since 1974. We have not had a trade surplus with Japan since April of 1976. We stopped having trade surpluses with Eurpoe in 1983. Fifteen years ago we did not have a trade deficit with China. Now we have a 250 Billion a year deficit with the People's Republic. A nation that does not make anything is a worthless nation. Worse, the longer we go without making the needed investments in our manufacturing infrastructure, the more knowledge we lose. We will either forget how to manufacture or we will simply not be good at it. Our creative energy fades away if we do not use it. Also, it is innate to want to make things. Kids play in sand boxes, youg men build tree forts. This is human nature. All of this is being taken away from the American people by idiots in Washington who do not know how to make trade deals. I may write a book on this topic. The U.S. Trade Deficit is a huge problem. We will either end up being owned by foreigners or we will simply fade away. Both prospects are quite un-
American. Some basic facts: The U.S. has not had a trade surplus with the world since 1974. We have not had a trade surplus with Japan since April of 1976. We stopped having trade surpluses with Eurpoe in 1983. Fifteen years ago we did not have a trade deficit with China. Now we have a 250 Billion a year deficit with the People’s Republic. A nation that does not make anything is a worthless nation. Worse, the longer we go without making the needed investments in our manufacturing infrastructure, the more knowledge we lose. We will either forget how to manufacture or we will simply not be good at it. Our creative energy fades away if we do not use it. Also, it is innate to want to make things. Kids play in sand boxes, youg men build tree forts. This is human nature. All of this is being taken away from the American people by idiots in Washington who do not know how to make trade deals. I may write a book on this topic.

]]> by: dr Jay Veeoh http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-36152 Fri, 28 Sep 2007 02:30:43 +0000 http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-36152 Read Bernanke's speech in Berlin ! It looks like sheer non sense :"hey,you foreigners , stop saving so much ! " I think however it was a ,very well masked ,CRY FOR HELP !! Uncle Sam is toast. Read Bernanke’s speech in Berlin ! It looks like sheer non sense :”hey,you foreigners , stop saving so much ! ” I think however it was a ,very well masked ,CRY FOR HELP !! Uncle Sam is toast.

]]> by: madkane http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-35402 Sat, 22 Sep 2007 18:26:18 +0000 http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-35402 Thanks for your insightful comments, Ames! Thanks for your insightful comments, Ames!

]]> by: madkane http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-35401 Sat, 22 Sep 2007 18:26:15 +0000 http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-35401 Thanks for your insightful comments, Ames! Thanks for your insightful comments, Ames!

]]> by: Ames Tiedeman http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-35378 Sat, 22 Sep 2007 13:18:43 +0000 http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-35378 Bernanke has a big job ahead of him. We cannot sustain 800 bilion a year trade deficits. We cannot export our way out of this mess. The only answer is a sharply lower dollar to drive manufactruing home and to lower the trade deficit. The dollar has much farther to fall. What you are seeing is a long term effort (it will take 20 years) to get the trade deficit back under 1% of GDP. We are currently running a trade imbalance of nearly 6% of GDP. No nation can do this. The IMF would be stepping in to help any nation if its trade imbalance went to 6% of GDP becuase its currency would collapse! The U.S. is different, but still, we cannot sustain a trade deficit of this magnitude. People must understand that when we buy an item from say China, we pay in dollars. The Chinese company we just bought from them goes to an Exchange Bank in China and converts those dollars to Yuan. The Chinese banking system (Chinese Government) is now sitting on those dollars. They can either 1, buy oil, 2, buy Treasuries, 3. buy U.S goods, 4. buy U.S. Corporations, 5. other. Over time if we (the U.S. ) continue to run a trade deficit we could simply be completely bought and controlled by foreigners. Warren Buffet has explained the situation as being like a rich Texas farmer who loses a small piece of his land year after year and never notices for a while. When he then notices, tragedy sets in because he no longer controls his land. So in sum, we need to get the trade deficit way down. This is why the Fed has abandoned the dollar. It wil be going down for the next 20 years. That is how long it is going to take to correct this imbalance mess. Bernanke has a big job ahead of him.
We cannot sustain 800 bilion a year trade deficits. We cannot export our way out of this mess. The only answer is a sharply lower dollar to drive manufactruing home and to lower the trade deficit. The dollar has much farther to fall. What you are seeing is a long term effort (it will take 20 years) to get the trade deficit back under 1% of GDP. We are currently running a trade imbalance of nearly 6% of GDP. No nation can do this. The IMF would be stepping in to help any nation if its trade imbalance went to 6% of GDP becuase its currency would collapse! The U.S. is different, but still, we cannot sustain a trade deficit of this magnitude. People must understand that when we buy an item from say China, we pay in dollars. The Chinese company we just bought from them goes to an Exchange Bank in China and converts those dollars to Yuan. The Chinese banking system (Chinese Government) is now sitting on those dollars. They can either 1, buy oil, 2, buy Treasuries, 3. buy U.S goods, 4. buy U.S. Corporations, 5. other. Over time if we (the U.S. ) continue to run a trade deficit we could simply be completely bought and controlled by foreigners. Warren Buffet has explained the situation as being like a rich Texas farmer who loses a small piece of his land year after year and never notices for a while. When he then notices, tragedy sets in because he no longer controls his land. So in sum, we need to get the trade deficit way down. This is why the Fed has abandoned the dollar. It wil be going down for the next 20 years. That is how long it is going to take to correct this imbalance mess.

]]> by: Ames Tiedeman http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-35246 Fri, 21 Sep 2007 11:48:10 +0000 http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-35246 The dollar, as predicted is being crushed. We are now at Par with the Canadian Dollar, the Loonie as it is called. This was all so predictable. You cannot run an 800 bilion dollar trade deficit and have your currency in demand. We have a lot farther to fall. Within 5 years from 2008 we should see the Canadian Dollar worth 25 % more than the U.S. dollar. The Euro at 1.40 now, should move to near 2.50, as China buys more and more of the Euro. The pound at 2.04 as I write this will be near 3.00. Be ready for CHINA. When they finally let their currency float it will appreciate 70% over a 36 month period. The US trade deficit will be cut in half and then some by 2020. The dollar, as predicted is being crushed. We are now at Par with the Canadian Dollar, the Loonie as it is called. This was all so predictable. You cannot run an 800 bilion dollar trade deficit and have your currency in demand. We have a lot farther to fall. Within 5 years from 2008 we should see the Canadian Dollar worth 25 % more than the U.S. dollar. The Euro at 1.40 now, should move to near 2.50, as China buys more and more of the Euro.
The pound at 2.04 as I write this will be near 3.00. Be ready for CHINA. When they finally let their currency float it will appreciate 70% over a 36 month period. The US trade deficit will be cut in half and then some by 2020.

]]> by: Claus Koenig http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-6538 Wed, 03 Jan 2007 00:14:26 +0000 http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-6538 Welcome to reality. I went and hunted down accounting numbers for the US budget deficit. The General Accounting Office is a good source and stated that our deficit was more like $3.5 Trillion. That's Trillion with a "T". Overall the estimate of the deficit overall is more like $40 Trillion. Don't promise what you can't keep, but the politician promised more than our economy can produce over time. National credit card debt is 4 Trillion and than add all the mortgages, car loans etc. to it. But I have a solution: Mega inflation! Like in Germany in the 1920's. That wipes all the debt clean, when a bread costs 25 Million then the government can pay off the debt. They only people screwed are the bottom 90% that cannot move to other countries and move their riches. There are two questions left though: Who owns the debt and who has the trade deficit dollars. I can tell you that I am not surprised that the Dollar is falling so much. That is a form of inflation at least when I went to school. I guess I have to go country shopping! Welcome to reality. I went and hunted down accounting numbers for the US budget deficit. The General Accounting Office is a good source and stated that our deficit was more like $3.5 Trillion. That’s Trillion with a “T”. Overall the estimate of the deficit overall is more like $40 Trillion. Don’t promise what you can’t keep, but the politician promised more than our economy can produce over time. National credit card debt is 4 Trillion and than add all the mortgages, car loans etc. to it. But I have a solution: Mega inflation! Like in Germany in the 1920’s. That wipes all the debt clean, when a bread costs 25 Million then the government can pay off the debt. They only people screwed are the bottom 90% that cannot move to other countries and move their riches. There are two questions left though: Who owns the debt and who has the trade deficit dollars. I can tell you that I am not surprised that the Dollar is falling so much. That is a form of inflation at least when I went to school. I guess I have to go country shopping!

]]> by: The Boring Made Dull http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-213 Mon, 23 Oct 2006 21:42:49 +0000 http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-213 <strong>Economics and Social Policy XVIII...</strong> Welcome to the October 23, 2006 edition of Economics and Social Policy. Sorry for the delay, as well as the minimal commentary this week. Too much real life intruded over the weekend. Chief among which was the birthday celebration for Mrs. BMD. O ........ Economics and Social Policy XVIII…

Welcome to the October 23, 2006 edition of Economics and Social Policy. Sorry for the delay, as well as the minimal commentary this week. Too much real life intruded over the weekend. Chief among which was the birthday celebration for Mrs. BMD. O ……..

]]> by: Journey To Financial Freedom » Blog Archive » Carnival Of Business Week #27 http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-212 Mon, 23 Oct 2006 15:32:59 +0000 http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-212 [...] Trade Deficit, Budget Deficit, Truth Deficit at Mad Kane’s Political Madness Commentary and a pair of limericks about the U.S. trade gap, the budget deficit, and press gullibility in covering these issues.   [...] […] Trade Deficit, Budget Deficit, Truth Deficit at Mad Kane’s Political Madness Commentary and a pair of limericks about the U.S. trade gap, the budget deficit, and press gullibility in covering these issues.   […]

]]> by: the skwib » The Carnival of Satire (#51) http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-185 Thu, 19 Oct 2006 12:11:51 +0000 http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-185 [...] While thinking political thoughts, you should check out Madeleine Begun Kane’s latest limericks: Trade Deficit, Budget Deficit, Truth Deficit. [...] […] While thinking political thoughts, you should check out Madeleine Begun Kane’s latest limericks: Trade Deficit, Budget Deficit, Truth Deficit. […]

]]> by: the skwib http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-184 Thu, 19 Oct 2006 12:09:08 +0000 http://www.madkane.com/madness/2006/10/16/trade-deficit-budget-deficit-truth-deficit/#comment-184 <strong>The Carnival of Satire (#51)...</strong> Welcome to The Carnival of Satire, one week away from our first anniversary. For next week, we’d like to try something a little different — we’d like you to find some satire (and it doesn’t have to be from a blog) that is writ... The Carnival of Satire (#51)…

Welcome to The Carnival of Satire, one week away from our first anniversary. For next week, we’d like to try something a little different — we’d like you to find some satire (and it doesn’t have to be from a blog) that is writ…

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