W
WizardofSoda
Overlord
★★★★★
- Joined
- Aug 25, 2019
- Posts
- 7,966
So America lets some country sell what they want with low trade barriers into America. And we print up some $US dollars and buy stuff from them. Then most countries put up a bunch of trade barriers so their citizens can't buy much from America.
That is our dream come true, because it costs us nothing to print up $billions of dollars, which are just pieces of paper that we wrote some numbers on. But meanwhile they are sending us their resources and manufactured goods that their people had to work to create. They mainly buy $US treasuries with the money, but how do we pay for the treasuries when they come due. We print up more treasuries. By inflation we are reducing the real value of their treasuries year by year.
There is two ways they could get out of this. One is by stopping exporting to America.. but their government elite is too corrupt and making huge money each year in this game, so they want to keep getting $dollars. Or they could lower the trade barriers to their country so their people can use the $US dollars to buy things made in America. But their corrupt rulers with their monopoly businesses they don't want to let American made goods in to compete with their businesses.
That is our dream come true, because it costs us nothing to print up $billions of dollars, which are just pieces of paper that we wrote some numbers on. But meanwhile they are sending us their resources and manufactured goods that their people had to work to create. They mainly buy $US treasuries with the money, but how do we pay for the treasuries when they come due. We print up more treasuries. By inflation we are reducing the real value of their treasuries year by year.
There is two ways they could get out of this. One is by stopping exporting to America.. but their government elite is too corrupt and making huge money each year in this game, so they want to keep getting $dollars. Or they could lower the trade barriers to their country so their people can use the $US dollars to buy things made in America. But their corrupt rulers with their monopoly businesses they don't want to let American made goods in to compete with their businesses.