[shortonoil]

Nice vid of you, but I thought trolls had short ears, and their eyes were closer together?

Asg## = obnoxious little irritate worse than head lice

[sparky]

.
as long as countries import more than they export
globalization is a recipe for pauperisation
most become poorer while a few get richer
it could work as long as most people votes are sterilized in some process
and as long as the central power structure keep control of the streets

[vtsnowedin]

$this->bbcode_second_pass_quote('sparky', '.')
as long as countries import more than they export
globalization is a recipe for pauperisation
most become poorer while a few get richer
it could work as long as most people votes are sterilized in some process
and as long as the central power structure keep control of the streets

[sparky]

.
Basically yes , every import has to be paid for ,
the only way to sustain foreign imports is to export or provide services to foreigners
a country productive capacity is immaterial if foreign money is not obtained from it

[vtsnowedin]

$this->bbcode_second_pass_quote('sparky', '.')
Basically yes , every import has to be paid for ,
the only way to sustain foreign imports is to export or provide services to foreigners
a country productive capacity is immaterial if foreign money is not obtained from it

[mousepad]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('sparky', '.')
Basically yes , every import has to be paid for ,
the only way to sustain foreign imports is to export or provide services to foreigners
a country productive capacity is immaterial if foreign money is not obtained from it

[vtsnowedin]

$this->bbcode_second_pass_quote('mousepad', '')$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('sparky', '.')
Basically yes , every import has to be paid for ,
the only way to sustain foreign imports is to export or provide services to foreigners
a country productive capacity is immaterial if foreign money is not obtained from it

[sparky]

.
The case of the US is a bit special ,
they produce and export greenbacks which so far have been the token of exchange for the world trade
the greenbacks are a desired and valued commodities

The Lebanese pound has no such attraction and really nobody , including the Lebanese people themselves ,want it
the Argentina Peso is not standing very high in the financial world respect
I do not need to go on , you get the picture

the US benefit of what has been called the "exorbitant advantage" of generating the world currency
it's like if you could print van Gogh masterpieces on your lounge printer and sell them to eager buyers

of course should the US dollar fall from favor , there would be dire consequences

[dolanbaker]

Greenbacks are very rare these days (they were debt free money), the US dollar that is currently in circulation is debt based (based on faith only).
So people who take the US dollar have faith in it retaining its value in the near future and that they can exchange it for other products.

World trade is totally dependent of the faith traders have in the currencies they deal with.

[REAL Green]

$this->bbcode_second_pass_quote('dolanbaker', 'G')reenbacks are very rare these days (they were debt free money), the US dollar that is currently in circulation is debt based (based on faith only).
So people who take the US dollar have faith in it retaining its value in the near future and that they can exchange it for other products. World trade is totally dependent of the faith traders have in the currencies they deal with.

[dolanbaker]

Read my comment again.

[mousepad]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('', 'I')mports must match exports to be sustainable. If not, you're asking for trouble in the long run.

[vtsnowedin]

$this->bbcode_second_pass_quote('mousepad', '')$this->bbcode_second_pass_quote('vtsnowedin', '
') often those with excess cash in hand from exporting to us reinvest their profits here .

[mousepad]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('mousepad', '')$this->bbcode_second_pass_quote('vtsnowedin', '
') often those with excess cash in hand from exporting to us reinvest their profits here .

[vtsnowedin]

$this->bbcode_second_pass_quote('mousepad', '')$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('mousepad', '')$this->bbcode_second_pass_quote('vtsnowedin', '
') often those with excess cash in hand from exporting to us reinvest their profits here .

[mousepad]

$this->bbcode_second_pass_quote('vtsnowedin', '
') I am obviously not a proficient enough educator to correct your misunderstanding.
Time to move on.

[dolanbaker]

$this->bbcode_second_pass_quote('mousepad', '')$this->bbcode_second_pass_quote('vtsnowedin', '
') I am obviously not a proficient enough educator to correct your misunderstanding.
Time to move on.

[mousepad]

$this->bbcode_second_pass_quote('dolanbaker', '')$this->bbcode_second_pass_quote('mousepad', '')$this->bbcode_second_pass_quote('vtsnowedin', '
') I am obviously not a proficient enough educator to correct your misunderstanding.
Time to move on.

[mousepad]

$this->bbcode_second_pass_quote('vtsnowedin', '
')correct your misunderstanding.
Time to move on.

[sparky]

The point about commercial transactions being a closed circuit is valid
money (value) must circulate in a circuit for the trading world to function well

There has been some dire development since a few months
with oil producers going broke , they have less money to purchase goods and services from the oil consumer countries
even worst ,
their financial needs being quite large they have to repatriate their assets in oil consuming countries
such as treasuries bonds and others
that's going to hurt
the East Asian economies are also going through a hard patch , they also might have need for some fresh cash and might have to repatriate home some of their excess profits stored in their consumer countries