Quote:
Originally Posted by TheDoc
That is backwards trade debt, and I wish we would stop it. It also includes Corps and Gov Debt.
Simply put, we sell them a sheet of metal for $5, they make 1000 medical knives and we buy them back for 5 cents each. We take a loss. The Gov tries to make up the money by selling all types of this crap. When it can't over and over and over again, we get a 1.5t debt.
Then again, our Gov uses the American people, our tax, our lands, ect as collateral. Kinda f'ed to think, we owe these people 1.5 trillion of our own hard earned money, after we buy all that trash from them in the first place...
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And here in lies the problem with the entire western world ... its not YOUR HARD EARNED MONEY ... we didn't work hard ... we didn't earn it ... we borrowed it, far beyond our means while inflating our ego's by 'helping' underdeveloped countries who we consider to have nothing, while we buy even more of their crap - and put it on the visa card! It's our desire for owning SHIT and believing that it makes us better than those who don't own SHIT that put us in this position.
Isn't it funny that we see ourselves as wealthier than a country that we owe 1.5 TRILLION dollars to when most of us OWN less than the chinese rice farmer with 47 family members to feed?
Trade Deficit ... Public Debt ... Credit Crisis ... Bail out plan ... National Debit ...
All fancy terms for THE GOVERNMENT IS FUCKING YOU IN THE ASS! Smile!!