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NAVFC
Joined: 10 May 2006
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 Posted: Thu Dec 21, 2006 2:30 pm Post subject: |
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| bucheon bum wrote: |
| NAVFC wrote: |
| bucheon bum wrote: |
| NAVFC wrote: |
| The system of communism is a system of total state economic control which goes totally against the ideals of freedom as such I consider all those who would promote it, uphold it or support it enemies of freedom and democracy. |
President Nixon has come back from the grave, sounding like he did when he was a Senator. woo! |
Heh. I'm guessing you aren't American. We Americans value freedom and democracy highly as throughout our history people have fought and died to save it.
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How do you figure? EVerything I stated was fact
FACT: Communism, a system of state controlled economy. Not as free
FACT: Americans have fought and didd for freedom.
Wheres the dispute?
Look at North Korea and tell me communism isn't a evil thing.
1. born and raised in the USA, thanks.
2. You do realize you sound like you've been fed propoganda don't you? |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Thu Dec 21, 2006 2:36 pm Post subject: |
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| What a quandary. Is being in bed with the Commies better or worse than thinking there is a Commie under every bed? I can't decide. |
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NAVFC
Joined: 10 May 2006
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| Posted: Thu Dec 21, 2006 3:55 pm Post subject: |
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| Ya-ta Boy wrote: |
| What a quandary. Is being in bed with the Commies better or worse than thinking there is a Commie under every bed? I can't decide. |
Oh please. I dont think evryone is a communist but what is in the news report isnt paranoia. Walmart is infact establishing a communist branch. |
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Gopher
Joined: 04 Jun 2005
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| Posted: Thu Dec 21, 2006 4:08 pm Post subject: |
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NAVFC: all of this changed over the course of several decades, and not all at once, and the changes did not occur uniformly across the United States, of course. But however this may be, from today's perspective, your position sounds strange and anachronistic.
By the time Nixon repaired the American-Chinese breach and Reagan and H.W. Bush became Gorbachev's biggest fans, Americans' anticommunism had simply withered away. Not to mention the Soviet Union and its empire in Eastern Europe is gone and not coming back and thus that thread board is not only empty but unneeded.
Walmart and other U.S. business interests, like Microsoft and several casino interests, for example, are conforming to local conditions. Some of us continue to think this a good idea. |
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NAVFC
Joined: 10 May 2006
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| Posted: Thu Dec 21, 2006 4:28 pm Post subject: |
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| Gopher wrote: |
NAVFC: all of this changed over the course of several decades, and not all at once, and the changes did not occur uniformly across the United States, of course. But however this may be, from today's perspective, your position sounds strange and anachronistic.
By the time Nixon repaired the American-Chinese breach and Reagan and H.W. Bush became Gorbachev's biggest fans, Americans' anticommunism had simply withered away. Not to mention the Soviet Union and its empire in Eastern Europe is gone and not coming back and thus that thread board is not only empty but unneeded.
Walmart and other U.S. business interests, like Microsoft and several casino interests, for example, are conforming to local conditions. Some of us continue to think this a good idea. |
IT Isnt. These companies getting good with CHina has caused the US to have a large trade deficit. |
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bucheon bum
Joined: 16 Jan 2003
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| Posted: Thu Dec 21, 2006 8:30 pm Post subject: |
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| NAVFC wrote: |
| bucheon bum wrote: |
| NAVFC wrote: |
| bucheon bum wrote: |
| NAVFC wrote: |
| The system of communism is a system of total state economic control which goes totally against the ideals of freedom as such I consider all those who would promote it, uphold it or support it enemies of freedom and democracy. |
President Nixon has come back from the grave, sounding like he did when he was a Senator. woo! |
Heh. I'm guessing you aren't American. We Americans value freedom and democracy highly as throughout our history people have fought and died to save it.
|
How do you figure? EVerything I stated was fact
FACT: Communism, a system of state controlled economy. Not as free
FACT: Americans have fought and didd for freedom.
Wheres the dispute?
Look at North Korea and tell me communism isn't a evil thing.
1. born and raised in the USA, thanks.
2. You do realize you sound like you've been fed propoganda don't you? |
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While yes, americans have fought and died for freedom, when was the last time an American truly died for American freedom? And I mean freedom here, not just to protect Americans and the United States in its present form.
There are many evil things.
| Quote: |
IT Isnt. These companies getting good with CHina has caused the US to have a large trade deficit. |
What about us consumers? Do we not have any responsablity in the matter? We're buying the goods that those companies are making over there in China. No one is putting a gun to our heads.
Do you have issues with our deficit with Japan? South Korea? Why or why not? |
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NAVFC
Joined: 10 May 2006
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| Posted: Thu Dec 21, 2006 10:20 pm Post subject: |
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| bucheon bum wrote: |
| NAVFC wrote: |
| bucheon bum wrote: |
| NAVFC wrote: |
| bucheon bum wrote: |
| NAVFC wrote: |
| The system of communism is a system of total state economic control which goes totally against the ideals of freedom as such I consider all those who would promote it, uphold it or support it enemies of freedom and democracy. |
President Nixon has come back from the grave, sounding like he did when he was a Senator. woo! |
Heh. I'm guessing you aren't American. We Americans value freedom and democracy highly as throughout our history people have fought and died to save it.
|
How do you figure? EVerything I stated was fact
FACT: Communism, a system of state controlled economy. Not as free
FACT: Americans have fought and didd for freedom.
Wheres the dispute?
Look at North Korea and tell me communism isn't a evil thing.
1. born and raised in the USA, thanks.
2. You do realize you sound like you've been fed propoganda don't you? |
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While yes, americans have fought and died for freedom, when was the last time an American truly died for American freedom? And I mean freedom here, not just to protect Americans and the United States in its present form.
There are many evil things.
| Quote: |
IT Isnt. These companies getting good with CHina has caused the US to have a large trade deficit. |
What about us consumers? Do we not have any responsablity in the matter? We're buying the goods that those companies are making over there in China. No one is putting a gun to our heads.
Do you have issues with our deficit with Japan? South Korea? Why or why not? |
With the amount of Chinese made products we make every year the consumer has very little choice as im sure everyone even if they dont know it has something of Chinese manfacture. Ordinary consumers do not understand trade and deficits....this is something the government needs to look out for. As far as trade deficitss with other nations those will be taken care of by FTA agreements with said nations.
Its almost impossible now adays though to avoid buying Chinese made goods. |
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thepeel
Joined: 08 Aug 2004
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| Posted: Thu Dec 21, 2006 10:29 pm Post subject: |
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| NAVFC wrote: |
IT Isnt. These companies getting good with CHina has caused the US to have a large trade deficit. |
Is that bad or good?
http://www.cato-at-liberty.org/2006/11/10/americas-record-capital-surplus/
| Quote: |
America�s Record Capital Surplus
The Commerce Department announced the latest U.S. trade deficit figures on Thursday. Although the monthly deficit for September was down from previous months, Americans are still on track to run a record merchandise trade deficit for all of 2006 that will reach nearly $900 billion by the end of the year.
The trade deficit numbers are sure to provide fodder for the incoming 110th Congress, which because of Tuesday�s election will probably take a more belligerent tone toward global trade than the previous, Republican-controlled Congress.
How worried should we be about the large and growing trade deficit? I�ve written extensively about what the trade deficit means, and what it doesn�t mean. (See here and here for details.) One unappreciated aspect of the trade deficit is the offsetting capital surplus that flows into the U.S. economy year after year.
Think about it for a moment: What on earth are the Chinese, Japanese, Canadians, and Mexicans doing with those hundreds of billions of dollars they earn each year exporting into the American market? They are not stuffing them in cookie jars and under mattresses. Almost all those dollars come back to the United States to buy U.S. assets � real estate, stocks, corporate and Treasury bonds, and bank deposits. In other words, they invest those dollars in America.
According to the basic rules of supply and demand, the surplus of global savings flowing into the United States each year to finance the trade deficit puts downward pressure on U.S. interest rates. A new study from the National Bureau of Economic Research, �International Capital Flows and U.S. Interest Rates,� by Francis Warnock and Veronica Warnock, confirms the positive effect of international capital flows on long-term U.S. interest rates. �Large foreign purchases of U.S. government bonds have contributed importantly to the low levels of U.S. interest rates observed over the past few years,� the authors concluded. Specifically, they found that current inflows of foreign capital reduce long-term U.S. interest rates by about 100 basis points, or one percentage point.
If you are among the tens of millions of American families that are paying off a home mortgage, you can thank the trade deficit and the offsetting foreign capital surplus for saving you thousands of dollars a year in interest payments. |
Another position.
| Quote: |
Trade Deficit Is Really A Capital Surplus
The U.S. is on track for a record capital surplus! Sounds great, right? Now consider this: The U.S. is on track for a record trade deficit! It doesn't sound so good, but the two mean pretty much the same thing. Whichever way you choose to say it, neither statement should be a cause for celebration or worry.
Newspapers around the country recently reported the Commerce Department's new trade numbers. In July, the U.S. recorded a record $68 billion trade deficit, so we're on track to surpass last year's total trade deficit of nearly $717 billion.
News stories attributed the rising trade deficit to increased prices for foreign oil and other imports. But they neglected to ask fundamental questions about what a trade deficit really means and whether it is necessarily harmful.
The balance of payments accounting system has two major accounts: the current account and the capital account. The current account mainly measures trade in goods and services. The capital account mainly measures trade in assets. A trade deficit refers only to the current account balance.
Balance of payments accounting is done with a double-entry system of debits and credits. Each transaction involves both a debit and a credit.
Put simply, if you buy something from a foreigner, you must pay him�a debit is entered. Then the foreigner must somehow spend or save your payment�a credit is entered. When all credits and debits are added up, the entire accounting system must balance: The current account balance plus the capital account balance must sum to zero. Hence, a current account (trade) deficit implies a capital account surplus.
A trade deficit reflects the fact that we buy more goods and services from abroad than we sell to foreigners. Foreigners take the earnings they receive from our spending (minus the goods and services they buy from us) and invest that sum in the U.S. The U.S. has a wealth of investment opportunities, but we have a low rate of domestic saving, so lots of investments in the U.S. wouldn't get funded if foreigners weren't willing to supply us with their savings.
As long as our country remains a good place to invest and we have a low saving rate, foreigners are going to invest in the U.S. more on net than we invest overseas. That will generate a capital account surplus and the resulting trade deficit. This is a good thing.
When foreign investment increases our productive capacity, our economy can grow faster, enabling Americans to pay off any debts incurred. What about consumer debt? What if we borrow from foreigners to finance our consumption purchases? Is that part of the trade deficit bad? No. Every transaction summarized in the balance of payments is the result of individual transactions in which both parties to the exchange expected to benefit.
When a U.S. citizen finances a new car purchase, he does so because he values having the car now more than the amount he will have to pay back later. Does the outcome depend on whether he bought a Lincoln or a BMW? Buying a domestic Lincoln wouldn't affect our trade deficit, but buying a foreign BMW would.
But whether the payment is to a foreigner or to a fellow citizen, the customer's purchase still indicates that he deems himself better off from the transaction.
Sometimes the twin deficits�budget and trade�move in the same direction. When a government issues a lot of debt and there aren't enough domestic savers to buy it up, a budget deficit will contribute to a trade deficit. That's simply because the foreign purchase of bonds is recorded in the capital account.
After governments issue too much debt, they often harm their economy by inflating the money supply or raising tax rates to try to pay their debts. However, these problems stem from the budget deficit and the accumulated debt�not who finances the debt. In this way, a trade deficit can be a symptom of fiscal problems, but the trade deficit isn't the problem per se. It's the budget deficit that's the problem.
Ultimately, most of the trade deficit results from voluntary market transactions, where both parties benefit from the sale of goods and assets. Adding up every transaction doesn't suddenly eliminate the gains from trade just because U.S. citizens bought more goods and services than they sold.
|
http://www.independent.org/newsroom/article.asp?id=1832
People hear the word "deficit" and instantly assume that it is bad. It may not be the case.
Economists call a 'trade deficit' a 'capital surplus'. Which sounds better?
(sorry for the long links...) |
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NAVFC
Joined: 10 May 2006
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| Posted: Sat Dec 23, 2006 9:50 am Post subject: |
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| BJWD wrote: |
| NAVFC wrote: |
IT Isnt. These companies getting good with CHina has caused the US to have a large trade deficit. |
Is that bad or good?
http://www.cato-at-liberty.org/2006/11/10/americas-record-capital-surplus/
| Quote: |
America�s Record Capital Surplus
The Commerce Department announced the latest U.S. trade deficit figures on Thursday. Although the monthly deficit for September was down from previous months, Americans are still on track to run a record merchandise trade deficit for all of 2006 that will reach nearly $900 billion by the end of the year.
The trade deficit numbers are sure to provide fodder for the incoming 110th Congress, which because of Tuesday�s election will probably take a more belligerent tone toward global trade than the previous, Republican-controlled Congress.
How worried should we be about the large and growing trade deficit? I�ve written extensively about what the trade deficit means, and what it doesn�t mean. (See here and here for details.) One unappreciated aspect of the trade deficit is the offsetting capital surplus that flows into the U.S. economy year after year.
Think about it for a moment: What on earth are the Chinese, Japanese, Canadians, and Mexicans doing with those hundreds of billions of dollars they earn each year exporting into the American market? They are not stuffing them in cookie jars and under mattresses. Almost all those dollars come back to the United States to buy U.S. assets � real estate, stocks, corporate and Treasury bonds, and bank deposits. In other words, they invest those dollars in America.
According to the basic rules of supply and demand, the surplus of global savings flowing into the United States each year to finance the trade deficit puts downward pressure on U.S. interest rates. A new study from the National Bureau of Economic Research, �International Capital Flows and U.S. Interest Rates,� by Francis Warnock and Veronica Warnock, confirms the positive effect of international capital flows on long-term U.S. interest rates. �Large foreign purchases of U.S. government bonds have contributed importantly to the low levels of U.S. interest rates observed over the past few years,� the authors concluded. Specifically, they found that current inflows of foreign capital reduce long-term U.S. interest rates by about 100 basis points, or one percentage point.
If you are among the tens of millions of American families that are paying off a home mortgage, you can thank the trade deficit and the offsetting foreign capital surplus for saving you thousands of dollars a year in interest payments. |
Another position.
| Quote: |
Trade Deficit Is Really A Capital Surplus
The U.S. is on track for a record capital surplus! Sounds great, right? Now consider this: The U.S. is on track for a record trade deficit! It doesn't sound so good, but the two mean pretty much the same thing. Whichever way you choose to say it, neither statement should be a cause for celebration or worry.
Newspapers around the country recently reported the Commerce Department's new trade numbers. In July, the U.S. recorded a record $68 billion trade deficit, so we're on track to surpass last year's total trade deficit of nearly $717 billion.
News stories attributed the rising trade deficit to increased prices for foreign oil and other imports. But they neglected to ask fundamental questions about what a trade deficit really means and whether it is necessarily harmful.
The balance of payments accounting system has two major accounts: the current account and the capital account. The current account mainly measures trade in goods and services. The capital account mainly measures trade in assets. A trade deficit refers only to the current account balance.
Balance of payments accounting is done with a double-entry system of debits and credits. Each transaction involves both a debit and a credit.
Put simply, if you buy something from a foreigner, you must pay him�a debit is entered. Then the foreigner must somehow spend or save your payment�a credit is entered. When all credits and debits are added up, the entire accounting system must balance: The current account balance plus the capital account balance must sum to zero. Hence, a current account (trade) deficit implies a capital account surplus.
A trade deficit reflects the fact that we buy more goods and services from abroad than we sell to foreigners. Foreigners take the earnings they receive from our spending (minus the goods and services they buy from us) and invest that sum in the U.S. The U.S. has a wealth of investment opportunities, but we have a low rate of domestic saving, so lots of investments in the U.S. wouldn't get funded if foreigners weren't willing to supply us with their savings.
As long as our country remains a good place to invest and we have a low saving rate, foreigners are going to invest in the U.S. more on net than we invest overseas. That will generate a capital account surplus and the resulting trade deficit. This is a good thing.
When foreign investment increases our productive capacity, our economy can grow faster, enabling Americans to pay off any debts incurred. What about consumer debt? What if we borrow from foreigners to finance our consumption purchases? Is that part of the trade deficit bad? No. Every transaction summarized in the balance of payments is the result of individual transactions in which both parties to the exchange expected to benefit.
When a U.S. citizen finances a new car purchase, he does so because he values having the car now more than the amount he will have to pay back later. Does the outcome depend on whether he bought a Lincoln or a BMW? Buying a domestic Lincoln wouldn't affect our trade deficit, but buying a foreign BMW would.
But whether the payment is to a foreigner or to a fellow citizen, the customer's purchase still indicates that he deems himself better off from the transaction.
Sometimes the twin deficits�budget and trade�move in the same direction. When a government issues a lot of debt and there aren't enough domestic savers to buy it up, a budget deficit will contribute to a trade deficit. That's simply because the foreign purchase of bonds is recorded in the capital account.
After governments issue too much debt, they often harm their economy by inflating the money supply or raising tax rates to try to pay their debts. However, these problems stem from the budget deficit and the accumulated debt�not who finances the debt. In this way, a trade deficit can be a symptom of fiscal problems, but the trade deficit isn't the problem per se. It's the budget deficit that's the problem.
Ultimately, most of the trade deficit results from voluntary market transactions, where both parties benefit from the sale of goods and assets. Adding up every transaction doesn't suddenly eliminate the gains from trade just because U.S. citizens bought more goods and services than they sold.
|
http://www.independent.org/newsroom/article.asp?id=1832
People hear the word "deficit" and instantly assume that it is bad. It may not be the case.
Economists call a 'trade deficit' a 'capital surplus'. Which sounds better?
(sorry for the long links...) |
You can call a turd a "Big brown bundle of joy" but it is still a turd. |
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