Blog Archive

Friday, November 20, 2009

Oil and The Trade Deficit

Oil is over 50% of the US trade deficit.

How are you going to fuel this suggested 'expansion of US exports' to 'balance the trade deficit' ( keep dreaming ) if the energy costs of running your factories and delivering your goods to port keep going up because you keep allowing your dollar to be debased???

The falling dollar punishes those who live without borrowing, because inflation strips away the incentive to save. The banking cartel does not want their fiat dollar to be a storehouse of value. The banking cartel wants their fiat dollar to be a tool of consumption only, because that creates a permanent captive consumer class in America for all the products made in the factories transplanted overseas.

No comments:

Post a Comment